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.
Dokter Els Vanlommel
Largest movements
- Tangible fixed assets -€10,072
down €10,072 (-35.7%), from €28,200 to €18,128
of which Furniture and vehicles: -€9,705
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€87,265
down €87,265 (-66.5%), from €131,317 to €44,053
- Taxes -€35,167
down €35,167 (-98.6%), from €35,662 to €495
- Financial income -€34,509
down €34,509 (-85.4%), from €40,420 to €5,910
- Financial charges -€4,038
down €4,038 (-98.5%), from €4,098 to €60
- Other operating charges -€1,620
down €1,620 (-58.8%), from €2,754 to €1,134
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 | €518,107 | €508,895 | -€9,212 | -1.8% |
| Fixed assets | 21/28 | €28,200 | €18,128 | -€10,072 | -35.7% |
| Tangible fixed assets | 22/27 | €28,200 | €18,128 | -€10,072 | -35.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €376 | €8 | -€368 | -97.8% |
| Furniture and vehicles | 24 | €27,825 | €18,120 | -€9,705 | -34.9% |
| Current assets | 29/58 | €489,907 | €490,766 | +€860 | +0.2% |
| Amounts receivable within one year | 40/41 | €15,174 | €13,267 | -€1,907 | -12.6% |
| Other amounts receivable | 41 | €15,174 | €13,267 | -€1,907 | -12.6% |
| Current investments | 50/53 | €400,767 | €404,915 | +€4,148 | +1.0% |
| Cash at bank and in hand | 54/58 | €40,525 | €40,866 | +€341 | +0.8% |
| Deferred charges and accrued income | 490/1 | €33,440 | €31,719 | -€1,722 | -5.1% |
| Total equity and liabilities | 10/49 | €518,107 | €508,895 | -€9,212 | -1.8% |
| Equity | 10/15 | €463,751 | €460,523 | -€3,228 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €329,615 | €329,615 | = | 0.0% |
| Distributable reserves | 133 | €329,615 | €329,615 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,536 | €112,308 | -€3,228 | -2.8% |
| Amounts payable | 17/49 | €54,356 | €48,372 | -€5,984 | -11.0% |
| Amounts payable within one year | 42/48 | €54,356 | €48,372 | -€5,984 | -11.0% |
| Trade debts | 44 | €3,221 | €2,006 | -€1,215 | -37.7% |
| Suppliers | 440/4 | €3,221 | €2,006 | -€1,215 | -37.7% |
| Taxes, remuneration and social security | 45 | €6,815 | €5,656 | -€1,159 | -17.0% |
| Taxes | 450/3 | €1,218 | €0 | -€1,218 | -100.0% |
| Remuneration and social security | 454/9 | €5,597 | €5,656 | +€59 | +1.1% |
| Other amounts payable | 47/48 | €44,320 | €40,710 | -€3,610 | -8.1% |
| Non-recurring operating income | 76A | €92,661 | €2,000 | -€90,661 | -97.8% |
| Remuneration, social security and pensions | 62 | €41,113 | €41,429 | +€316 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,763 | €10,072 | +€309 | +3.2% |
| Other operating charges | 640/8 | €2,754 | €1,134 | -€1,620 | -58.8% |
| Non-recurring operating charges | 66A | €3,100 | €0 | -€3,100 | -100.0% |
| Gross operating margin | 9900 | €131,317 | €44,053 | -€87,265 | -66.5% |
| Operating profit (loss) | 9901 | €74,587 | -€8,583 | -€83,170 | |
| Financial income | 75/76B | €40,420 | €5,910 | -€34,509 | -85.4% |
| Recurring financial income | 75 | €40,420 | €5,910 | -€34,509 | -85.4% |
| Financial charges | 65/66B | €4,098 | €60 | -€4,038 | -98.5% |
| Recurring financial charges | 65 | €4,098 | €60 | -€4,038 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €110,909 | -€2,733 | -€113,642 | |
| Income taxes | 67/77 | €35,662 | €495 | -€35,167 | -98.6% |
| Profit (loss) for the period | 9904 | €75,247 | -€3,228 | -€78,475 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,247 | -€3,228 | -€78,475 |
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 27 September 2026 via checked.be.