Vincent Doumier: 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.
Vincent Doumier
Largest movements
- Cash -€124,896
down €124,896 (-58.9%), from €212,020 to €87,124
mainly Contributions, distributions and other (-€50,000) and Net result for the year (-€33,150)
- Receivables within one year +€21,535
up €21,535 (+52.2%), from €41,218 to €62,753
of which Trade receivables: +€25,910
- Tangible fixed assets +€19,986
up €19,986 (+23.3%), from €85,620 to €105,607
of which Furniture and vehicles: +€20,770
- Reserves -€50,000
down €50,000 (-9.3%), from €537,400 to €487,400
- Profit (loss) carried forward -€33,150
down €33,150 (-79.9%), from -€41,481 to -€74,631
- Trade debts +€22,624
up €22,624 (+1100.1%), from €2,057 to €24,681
- Other debts -€20,759
down €20,759 (-84.7%), from €24,511 to €3,752
- Gross operating margin +€25,650
up €25,650 (+58.0%), from -€44,245 to -€18,595
- Taxes +€18,904
up €18,904 (+20901.9%), from €90 to €18,994
- Depreciation -€4,455
down €4,455 (-61.3%), from €7,268 to €2,813
- Financial income +€1,531
up €1,531 (+20.8%), from €7,350 to €8,881
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 | €557,248 | €475,308 | -€81,940 | -14.7% |
| Fixed assets | 21/28 | €85,620 | €105,607 | +€19,986 | +23.3% |
| Tangible fixed assets | 22/27 | €85,620 | €105,607 | +€19,986 | +23.3% |
| Furniture and vehicles | 24 | €80,980 | €101,749 | +€20,770 | +25.6% |
| Other tangible fixed assets | 26 | €4,641 | €3,858 | -€783 | -16.9% |
| Current assets | 29/58 | €471,628 | €369,701 | -€101,926 | -21.6% |
| Amounts receivable after more than one year | 29 | €210,000 | €210,000 | = | 0.0% |
| Other amounts receivable | 291 | €210,000 | €210,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,218 | €62,753 | +€21,535 | +52.2% |
| Trade receivables | 40 | €14,520 | €40,430 | +€25,910 | +178.4% |
| Other amounts receivable | 41 | €26,698 | €22,323 | -€4,375 | -16.4% |
| Cash at bank and in hand | 54/58 | €212,020 | €87,124 | -€124,896 | -58.9% |
| Deferred charges and accrued income | 490/1 | €8,389 | €9,824 | +€1,435 | +17.1% |
| Total equity and liabilities | 10/49 | €557,248 | €475,308 | -€81,940 | -14.7% |
| Equity | 10/15 | €508,319 | €425,169 | -€83,150 | -16.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €537,400 | €487,400 | -€50,000 | -9.3% |
| Distributable reserves | 133 | €537,400 | €487,400 | -€50,000 | -9.3% |
| Profit (loss) carried forward | 14 | -€41,481 | -€74,631 | -€33,150 | -79.9% |
| Amounts payable | 17/49 | €48,929 | €50,139 | +€1,210 | +2.5% |
| Amounts payable within one year | 42/48 | €48,929 | €50,139 | +€1,210 | +2.5% |
| Trade debts | 44 | €2,057 | €24,681 | +€22,624 | +1100.1% |
| Suppliers | 440/4 | €2,057 | €24,681 | +€22,624 | +1100.1% |
| Taxes, remuneration and social security | 45 | €22,362 | €21,707 | -€655 | -2.9% |
| Taxes | 450/3 | €22,362 | €21,707 | -€655 | -2.9% |
| Other amounts payable | 47/48 | €24,511 | €3,752 | -€20,759 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,268 | €2,813 | -€4,455 | -61.3% |
| Other operating charges | 640/8 | €1,085 | €1,083 | -€2 | -0.2% |
| Gross operating margin | 9900 | -€44,245 | -€18,595 | +€25,650 | +58.0% |
| Operating profit (loss) | 9901 | -€52,598 | -€22,491 | +€30,107 | +57.2% |
| Financial income | 75/76B | €7,350 | €8,881 | +€1,531 | +20.8% |
| Recurring financial income | 75 | €7,350 | €8,881 | +€1,531 | +20.8% |
| Financial charges | 65/66B | €289 | €546 | +€256 | +88.7% |
| Recurring financial charges | 65 | €289 | €546 | +€256 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,537 | -€14,156 | +€31,382 | +68.9% |
| Income taxes | 67/77 | €90 | €18,994 | +€18,904 | +20901.9% |
| Profit (loss) for the period | 9904 | -€45,628 | -€33,150 | +€12,478 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,628 | -€33,150 | +€12,478 | +27.3% |
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 10 October 2026 via checked.be.