Simon De Buyser: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Simon De Buyser
Largest movements
- Tangible fixed assets +€129,593
up €129,593 (+1,076%), from €12,044 to €141,637
of which Land and buildings: +€133,331
- Receivables within one year +€24,793
up €24,793 (+285%), from €8,690 to €33,483
of which Other amounts receivable: +€24,640
- Debts after one year +€124,769
up €124,769 (+9,466%), from €1,318 to €126,088
- Reserves +€25,082
up €25,082 (+88.4%), from €28,384 to €53,465
- Tax, wage and social debts +€7,345
up €7,345 (+85.1%), from €8,635 to €15,980
- Trade debts -€6,667
down €6,667 (-98.6%), from €6,762 to €95
- Current portion of long-term debt +€3,917
up €3,917 (+76.1%), from €5,146 to €9,063
- Gross operating margin +€27,420
up €27,420 (+175%), from €15,663 to €43,083
- Taxes +€6,951
up €6,951 (+192%), from €3,615 to €10,566
- Depreciation +€1,848
up €1,848 (+48.0%), from €3,854 to €5,703
- Financial charges +€1,043
up €1,043 (+208%), from €501 to €1,544
- Financial income +€493
up €493 (+120%), from €412 to €904
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,245 | €206,054 | +€154,809 | +302% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,044 | €141,637 | +€129,593 | +1,076% |
| Tangible fixed assets | 22/27 | €12,044 | €141,637 | +€129,593 | +1,076% |
| Land and buildings | 22 | - | €133,331 | +€133,331 | |
| Furniture and vehicles | 24 | €12,044 | €8,306 | -€3,738 | -31.0% |
| Current assets | 29/58 | €39,201 | €64,417 | +€25,216 | +64.3% |
| Amounts receivable within one year | 40/41 | €8,690 | €33,483 | +€24,793 | +285% |
| Trade receivables | 40 | €8,668 | €8,821 | +€153 | +1.8% |
| Other amounts receivable | 41 | €22 | €24,662 | +€24,640 | +112,051% |
| Cash at bank and in hand | 54/58 | €30,512 | €30,934 | +€422 | +1.4% |
| Total equity and liabilities | 10/49 | €51,245 | €206,054 | +€154,809 | +302% |
| Equity | 10/15 | €29,384 | €54,465 | +€25,082 | +85.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,384 | €53,465 | +€25,082 | +88.4% |
| Distributable reserves | 133 | €28,384 | €53,465 | +€25,082 | +88.4% |
| Amounts payable | 17/49 | €21,861 | €151,589 | +€129,727 | +593% |
| Amounts payable after more than one year | 17 | €1,318 | €126,088 | +€124,769 | +9,466% |
| Financial debts | 170/4 | €1,318 | €126,088 | +€124,769 | +9,466% |
| Amounts payable within one year | 42/48 | €20,543 | €25,139 | +€4,595 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €5,146 | €9,063 | +€3,917 | +76.1% |
| Trade debts | 44 | €6,762 | €95 | -€6,667 | -98.6% |
| Suppliers | 440/4 | €6,762 | €95 | -€6,667 | -98.6% |
| Taxes, remuneration and social security | 45 | €8,635 | €15,980 | +€7,345 | +85.1% |
| Taxes | 450/3 | €8,635 | €15,980 | +€7,345 | +85.1% |
| Accrued charges and deferred income | 492/3 | - | €362 | +€362 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,854 | €5,703 | +€1,848 | +48.0% |
| Other operating charges | 640/8 | €1,137 | €1,093 | -€44 | -3.9% |
| Gross operating margin | 9900 | €15,663 | €43,083 | +€27,420 | +175% |
| Operating profit (loss) | 9901 | €10,672 | €36,288 | +€25,616 | +240% |
| Financial income | 75/76B | €412 | €904 | +€493 | +120% |
| Recurring financial income | 75 | €412 | €904 | +€493 | +120% |
| Financial charges | 65/66B | €501 | €1,544 | +€1,043 | +208% |
| Recurring financial charges | 65 | €501 | €1,544 | +€1,043 | +208% |
| Profit (loss) for the period before taxes | 9903 | €10,582 | €35,648 | +€25,066 | +237% |
| Income taxes | 67/77 | €3,615 | €10,566 | +€6,951 | +192% |
| Profit (loss) for the period | 9904 | €6,967 | €25,082 | +€18,114 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €6,967 | €25,082 | +€18,114 | +260% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.