Veerle Bouvé: 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.
Veerle Bouvé
Largest movements
- Cash +€20,891
up €20,891 (+89.7%), from €23,282 to €44,173
mainly Net result for the year (+€30,914) and Tax, wage and social debts (+€2,105)
- Receivables within one year +€4,759
new in 2025: €4,759
- Reserves +€30,914
up €30,914 (+542%), from €5,708 to €36,622
- Trade debts -€7,138
down €7,138 (-81.0%), from €8,811 to €1,672
- Tax, wage and social debts +€2,105
up €2,105 (+49.7%), from €4,236 to €6,341
of which Taxes: +€2,105
- Gross operating margin +€34,953
up €34,953 (+439%), from €7,962 to €42,915
- Taxes +€9,605
up €9,605 (+430%), from €2,236 to €11,841
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 | €23,282 | €48,931 | +€25,650 | +110% |
| Current assets | 29/58 | €23,282 | €48,931 | +€25,650 | +110% |
| Amounts receivable within one year | 40/41 | - | €4,759 | +€4,759 | |
| Trade receivables | 40 | - | €4,759 | +€4,759 | |
| Cash at bank and in hand | 54/58 | €23,282 | €44,173 | +€20,891 | +89.7% |
| Total equity and liabilities | 10/49 | €23,282 | €48,931 | +€25,650 | +110% |
| Equity | 10/15 | €6,708 | €37,622 | +€30,914 | +461% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,708 | €36,622 | +€30,914 | +542% |
| Distributable reserves | 133 | €5,708 | €36,622 | +€30,914 | +542% |
| Amounts payable | 17/49 | €16,574 | €11,309 | -€5,265 | -31.8% |
| Amounts payable within one year | 42/48 | €16,574 | €11,167 | -€5,407 | -32.6% |
| Trade debts | 44 | €8,811 | €1,672 | -€7,138 | -81.0% |
| Suppliers | 440/4 | €8,811 | €1,672 | -€7,138 | -81.0% |
| Taxes, remuneration and social security | 45 | €4,236 | €6,341 | +€2,105 | +49.7% |
| Taxes | 450/3 | €2,236 | €4,341 | +€2,105 | +94.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €3,527 | €3,154 | -€373 | -10.6% |
| Accrued charges and deferred income | 492/3 | - | €142 | +€142 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €7,962 | €42,915 | +€34,953 | +439% |
| Operating profit (loss) | 9901 | €7,962 | €42,795 | +€34,833 | +437% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €19 | €40 | +€21 | +115% |
| Recurring financial charges | 65 | €19 | €40 | +€21 | +115% |
| Profit (loss) for the period before taxes | 9903 | €7,944 | €42,755 | +€34,811 | +438% |
| Income taxes | 67/77 | €2,236 | €11,841 | +€9,605 | +430% |
| Profit (loss) for the period | 9904 | €5,708 | €30,914 | +€25,206 | +442% |
| Profit (loss) for the period to be appropriated | 9905 | €5,708 | €30,914 | +€25,206 | +442% |
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 27 October 2026 via checked.be.