Van Causbroeck Advisory: 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.
Van Causbroeck Advisory
Largest movements
- Cash +€39,123
up €39,123 (+116%), from €33,627 to €72,750
mainly Net result for the year (+€65,270) and Depreciation (+€15,948)
- Receivables within one year +€17,647
up €17,647 (+128%), from €13,779 to €31,425
of which Other amounts receivable: +€14,985
- Tangible fixed assets -€15,948
down €15,948 (-33.4%), from €47,708 to €31,760
- Reserves +€65,270
up €65,270 (+113%), from €57,711 to €122,981
- Current portion of long-term debt -€25,569
no longer reported in 2025 (was €25,569)
- Tax, wage and social debts +€2,881
up €2,881 (+12.7%), from €22,668 to €25,549
- Gross operating margin +€3,494
up €3,494 (+3.7%), from €95,011 to €98,505
- Taxes +€1,894
up €1,894 (+12.6%), from €15,058 to €16,952
- Financial charges -€1,136
down €1,136 (-60.3%), from €1,885 to €749
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 | €109,227 | €150,539 | +€41,312 | +37.8% |
| Fixed assets | 21/28 | €47,708 | €31,760 | -€15,948 | -33.4% |
| Tangible fixed assets | 22/27 | €47,708 | €31,760 | -€15,948 | -33.4% |
| Furniture and vehicles | 24 | €47,708 | €31,760 | -€15,948 | -33.4% |
| Current assets | 29/58 | €61,519 | €118,779 | +€57,260 | +93.1% |
| Amounts receivable within one year | 40/41 | €13,779 | €31,425 | +€17,647 | +128% |
| Trade receivables | 40 | €13,673 | €16,335 | +€2,662 | +19.5% |
| Other amounts receivable | 41 | €106 | €15,090 | +€14,985 | +14,167% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,627 | €72,750 | +€39,123 | +116% |
| Deferred charges and accrued income | 490/1 | €4,113 | €4,604 | +€491 | +11.9% |
| Total equity and liabilities | 10/49 | €109,227 | €150,539 | +€41,312 | +37.8% |
| Equity | 10/15 | €59,711 | €124,981 | +€65,270 | +109% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €57,711 | €122,981 | +€65,270 | +113% |
| Distributable reserves | 133 | €57,711 | €122,981 | +€65,270 | +113% |
| Amounts payable | 17/49 | €49,516 | €25,559 | -€23,958 | -48.4% |
| Amounts payable within one year | 42/48 | €49,516 | €25,559 | -€23,958 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | €25,569 | - | -€25,569 | |
| Trade debts | 44 | €1,279 | €10 | -€1,269 | -99.2% |
| Suppliers | 440/4 | €1,279 | €10 | -€1,269 | -99.2% |
| Taxes, remuneration and social security | 45 | €22,668 | €25,549 | +€2,881 | +12.7% |
| Taxes | 450/3 | €22,668 | €25,549 | +€2,881 | +12.7% |
| Other amounts payable | 47/48 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,084 | €15,948 | -€136 | -0.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €95,011 | €98,505 | +€3,494 | +3.7% |
| Operating profit (loss) | 9901 | €78,540 | €82,157 | +€3,618 | +4.6% |
| Financial income | 75/76B | €8 | €814 | +€806 | +9,982% |
| Recurring financial income | 75 | €8 | €814 | +€806 | +9,982% |
| Financial charges | 65/66B | €1,885 | €749 | -€1,136 | -60.3% |
| Recurring financial charges | 65 | €1,885 | €749 | -€1,136 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €76,663 | €82,222 | +€5,559 | +7.3% |
| Income taxes | 67/77 | €15,058 | €16,952 | +€1,894 | +12.6% |
| Profit (loss) for the period | 9904 | €61,605 | €65,270 | +€3,665 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,605 | €65,270 | +€3,665 | +5.9% |
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 23 October 2026 via checked.be.