VAN SAET DAVID: what changed
Two fiscal 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 SAET DAVID
Largest movements
- Cash -€21,892
down €21,892 (-38.2%), from €57,313 to €35,421
mainly Contributions, distributions and other (-€45,000) and Tax, wage and social debts (-€809)
- Receivables within one year -€3,959
down €3,959 (-6.6%), from €60,026 to €56,067
of which Trade receivables: -€4,840
- Reserves -€25,134
down €25,134 (-10.5%), from €239,015 to €213,881
- Taxes +€4,613
up €4,613 (+64.3%), from €7,172 to €11,785
- Gross operating margin +€3,094
up €3,094 (+10.8%), from €28,650 to €31,744
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.
Cash bridge derived
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 | €337,339 | €311,488 | -€25,851 | -7.7% |
| Current assets | 29/58 | €337,339 | €311,488 | -€25,851 | -7.7% |
| Amounts receivable after more than one year | 29 | €220,000 | €220,000 | = | 0.0% |
| Other amounts receivable | 291 | €220,000 | €220,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,026 | €56,067 | -€3,959 | -6.6% |
| Trade receivables | 40 | €25,840 | €21,000 | -€4,840 | -18.7% |
| Other amounts receivable | 41 | €34,186 | €35,067 | +€881 | +2.6% |
| Cash at bank and in hand | 54/58 | €57,313 | €35,421 | -€21,892 | -38.2% |
| Total equity and liabilities | 10/49 | €337,339 | €311,488 | -€25,851 | -7.7% |
| Equity | 10/15 | €330,815 | €305,681 | -€25,134 | -7.6% |
| Contributions | 10/11 | €91,800 | €91,800 | = | 0.0% |
| Reserves | 13 | €239,015 | €213,881 | -€25,134 | -10.5% |
| Distributable reserves | 133 | €239,015 | €213,881 | -€25,134 | -10.5% |
| Amounts payable | 17/49 | €6,524 | €5,807 | -€717 | -11.0% |
| Amounts payable within one year | 42/48 | €6,174 | €5,807 | -€367 | -5.9% |
| Trade debts | 44 | - | €442 | +€442 | |
| Suppliers | 440/4 | - | €442 | +€442 | |
| Taxes, remuneration and social security | 45 | €6,174 | €5,365 | -€809 | -13.1% |
| Taxes | 450/3 | €6,174 | €5,365 | -€809 | -13.1% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Other operating charges | 640/8 | €207 | €209 | +€2 | +1.0% |
| Gross operating margin | 9900 | €28,650 | €31,744 | +€3,094 | +10.8% |
| Operating profit (loss) | 9901 | €28,443 | €31,535 | +€3,092 | +10.9% |
| Financial income | 75/76B | €99 | €252 | +€153 | +154.5% |
| Recurring financial income | 75 | €99 | €252 | +€153 | +154.5% |
| Financial charges | 65/66B | €142 | €136 | -€6 | -4.2% |
| Recurring financial charges | 65 | €142 | €136 | -€6 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €28,400 | €31,651 | +€3,251 | +11.4% |
| Income taxes | 67/77 | €7,172 | €11,785 | +€4,613 | +64.3% |
| Profit (loss) for the period | 9904 | €21,228 | €19,866 | -€1,362 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,228 | €19,866 | -€1,362 | -6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.