Vincent Gaukema: 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 Gaukema
Largest movements
- Cash +€45,137
up €45,137 (+32.2%), from €140,053 to €185,190
mainly Net result for the year (+€55,677) and Depreciation (+€995)
- Tangible fixed assets +€4,392
up €4,392 (+451%), from €974 to €5,365
- Reserves +€55,677
up €55,677 (+55.9%), from €99,637 to €155,314
- Tax, wage and social debts -€7,474
down €7,474 (-20.8%), from €35,961 to €28,487
of which Taxes: -€7,474
- Gross operating margin -€25,628
down €25,628 (-25.9%), from €99,077 to €73,449
- Taxes -€4,698
down €4,698 (-23.4%), from €20,058 to €15,360
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 | €142,868 | €191,926 | +€49,059 | +34.3% |
| Fixed assets | 21/28 | €974 | €5,365 | +€4,392 | +451% |
| Tangible fixed assets | 22/27 | €974 | €5,365 | +€4,392 | +451% |
| Other tangible fixed assets | 26 | €974 | €5,365 | +€4,392 | +451% |
| Current assets | 29/58 | €141,894 | €186,561 | +€44,667 | +31.5% |
| Amounts receivable within one year | 40/41 | €477 | €7 | -€470 | -98.6% |
| Trade receivables | 40 | €416 | €7 | -€410 | -98.4% |
| Other amounts receivable | 41 | €60 | €0 | -€60 | -100% |
| Cash at bank and in hand | 54/58 | €140,053 | €185,190 | +€45,137 | +32.2% |
| Deferred charges and accrued income | 490/1 | €1,364 | €1,364 | = | 0.0% |
| Total equity and liabilities | 10/49 | €142,868 | €191,926 | +€49,059 | +34.3% |
| Equity | 10/15 | €104,637 | €160,314 | +€55,677 | +53.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,637 | €155,314 | +€55,677 | +55.9% |
| Distributable reserves | 133 | €99,637 | €155,314 | +€55,677 | +55.9% |
| Amounts payable | 17/49 | €38,230 | €31,612 | -€6,618 | -17.3% |
| Amounts payable within one year | 42/48 | €38,230 | €31,612 | -€6,618 | -17.3% |
| Trade debts | 44 | €1,866 | €1,902 | +€36 | +1.9% |
| Suppliers | 440/4 | €1,866 | €1,902 | +€36 | +1.9% |
| Taxes, remuneration and social security | 45 | €35,961 | €28,487 | -€7,474 | -20.8% |
| Taxes | 450/3 | €35,961 | €28,487 | -€7,474 | -20.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €403 | €1,224 | +€820 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €995 | +€729 | +274% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €99,077 | €73,449 | -€25,628 | -25.9% |
| Operating profit (loss) | 9901 | €98,693 | €72,334 | -€26,359 | -26.7% |
| Financial charges | 65/66B | €1,320 | €1,297 | -€23 | -1.7% |
| Recurring financial charges | 65 | €1,320 | €1,297 | -€23 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €97,373 | €71,037 | -€26,336 | -27.0% |
| Income taxes | 67/77 | €20,058 | €15,360 | -€4,698 | -23.4% |
| Profit (loss) for the period | 9904 | €77,315 | €55,677 | -€21,638 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,315 | €55,677 | -€21,638 | -28.0% |
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 22 October 2026 via checked.be.