Simon Van Essche: 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 Van Essche
Largest movements
- Cash -€238,802
down €238,802 (-66.9%), from €356,798 to €117,996
mainly Contributions, distributions and other (-€555,963) and Current investments (-€209,157)
- Current investments +€209,157
up €209,157 (+64.6%), from €324,010 to €533,166
- Tangible fixed assets -€21,029
down €21,029 (-36.8%), from €57,211 to €36,182
of which Furniture and vehicles: -€22,263
- Receivables within one year +€19,821
up €19,821 (+116%), from €17,096 to €36,917
of which Other amounts receivable: +€24,652
- Other debts +€462,245
up €462,245 (+2,601%), from €17,771 to €480,016
- Reserves -€430,546
down €430,546 (-77.4%), from €555,963 to €125,416
- Tax, wage and social debts -€70,332
down €70,332 (-39.5%), from €178,185 to €107,853
- Gross operating margin -€286,036
down €286,036 (-65.3%), from €438,178 to €152,141
- Taxes -€67,170
down €67,170 (-65.4%), from €102,660 to €35,490
- Financial income +€26,603
up €26,603 (+316%), from €8,408 to €35,011
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 | €760,081 | €728,837 | -€31,243 | -4.1% |
| Fixed assets | 21/28 | €57,211 | €36,182 | -€21,029 | -36.8% |
| Tangible fixed assets | 22/27 | €57,211 | €36,182 | -€21,029 | -36.8% |
| Land and buildings | 22 | €10,377 | €9,075 | -€1,302 | -12.5% |
| Plant, machinery and equipment | 23 | €6,938 | €9,474 | +€2,536 | +36.6% |
| Furniture and vehicles | 24 | €39,896 | €17,632 | -€22,263 | -55.8% |
| Current assets | 29/58 | €702,870 | €692,655 | -€10,214 | -1.5% |
| Amounts receivable within one year | 40/41 | €17,096 | €36,917 | +€19,821 | +116% |
| Trade receivables | 40 | €16,756 | €11,925 | -€4,832 | -28.8% |
| Other amounts receivable | 41 | €340 | €24,992 | +€24,652 | +7,253% |
| Current investments | 50/53 | €324,010 | €533,166 | +€209,157 | +64.6% |
| Cash at bank and in hand | 54/58 | €356,798 | €117,996 | -€238,802 | -66.9% |
| Deferred charges and accrued income | 490/1 | €4,966 | €4,576 | -€390 | -7.9% |
| Total equity and liabilities | 10/49 | €760,081 | €728,837 | -€31,243 | -4.1% |
| Equity | 10/15 | €560,963 | €130,416 | -€430,546 | -76.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €555,963 | €125,416 | -€430,546 | -77.4% |
| Distributable reserves | 133 | €555,963 | €125,416 | -€430,546 | -77.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €199,118 | €598,421 | +€399,303 | +201% |
| Amounts payable within one year | 42/48 | €199,118 | €598,421 | +€399,303 | +201% |
| Trade debts | 44 | €3,162 | €10,553 | +€7,390 | +234% |
| Suppliers | 440/4 | €3,162 | €10,553 | +€7,390 | +234% |
| Taxes, remuneration and social security | 45 | €178,185 | €107,853 | -€70,332 | -39.5% |
| Taxes | 450/3 | €178,185 | €107,853 | -€70,332 | -39.5% |
| Other amounts payable | 47/48 | €17,771 | €480,016 | +€462,245 | +2,601% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,956 | €21,029 | +€1,073 | +5.4% |
| Other operating charges | 640/8 | €890 | €413 | -€478 | -53.6% |
| Non-recurring operating charges | 66A | €677 | €0 | -€677 | -100% |
| Gross operating margin | 9900 | €438,178 | €152,141 | -€286,036 | -65.3% |
| Operating profit (loss) | 9901 | €416,655 | €130,700 | -€285,955 | -68.6% |
| Financial income | 75/76B | €8,408 | €35,011 | +€26,603 | +316% |
| Recurring financial income | 75 | €8,408 | €35,011 | +€26,603 | +316% |
| Financial charges | 65/66B | €794 | €4,805 | +€4,011 | +505% |
| Recurring financial charges | 65 | €794 | €4,805 | +€4,011 | +505% |
| Profit (loss) for the period before taxes | 9903 | €424,268 | €160,906 | -€263,362 | -62.1% |
| Income taxes | 67/77 | €102,660 | €35,490 | -€67,170 | -65.4% |
| Profit (loss) for the period | 9904 | €321,608 | €125,416 | -€196,192 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €321,608 | €125,416 | -€196,192 | -61.0% |
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 16 October 2026 via checked.be.