ALAIN DELEUSE: 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.
ALAIN DELEUSE
Largest movements
- Receivables within one year -€48,726
down €48,726 (-54.1%), from €90,066 to €41,340
of which Other amounts receivable: -€40,610
- Cash -€20,315
down €20,315 (-54.4%), from €37,314 to €16,999
mainly Contributions, distributions and other (-€55,800) and Net result for the year (-€19,627)
- Tangible fixed assets -€10,003
down €10,003 (-42.1%), from €23,748 to €13,745
of which Furniture and vehicles: -€9,828
- Reserves -€55,800
down €55,800 (-64.1%), from €87,010 to €31,210
- Profit (loss) carried forward -€19,627
down €19,627 (-39.3%), from €49,993 to €30,366
- Trade debts -€7,321
down €7,321 (-79.7%), from €9,182 to €1,861
- Tax, wage and social debts +€3,109
up €3,109 (+1074.5%), from €289 to €3,398
- Depreciation +€2,666
up €2,666 (+36.3%), from €7,337 to €10,003
- Gross operating margin -€1,586
down €1,586 (-15.0%), from -€10,570 to -€12,156
- Financial income +€930
up €930 (+23.7%), from €3,915 to €4,844
- Taxes +€319
up €319 (+110.1%), from €289 to €608
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 | €152,674 | €73,035 | -€79,639 | -52.2% |
| Fixed assets | 21/28 | €23,748 | €13,745 | -€10,003 | -42.1% |
| Tangible fixed assets | 22/27 | €23,748 | €13,745 | -€10,003 | -42.1% |
| Plant, machinery and equipment | 23 | €835 | €661 | -€174 | -20.9% |
| Furniture and vehicles | 24 | €22,913 | €13,084 | -€9,828 | -42.9% |
| Current assets | 29/58 | €128,926 | €59,290 | -€69,637 | -54.0% |
| Amounts receivable within one year | 40/41 | €90,066 | €41,340 | -€48,726 | -54.1% |
| Trade receivables | 40 | €13,574 | €5,458 | -€8,116 | -59.8% |
| Other amounts receivable | 41 | €76,492 | €35,882 | -€40,610 | -53.1% |
| Cash at bank and in hand | 54/58 | €37,314 | €16,999 | -€20,315 | -54.4% |
| Deferred charges and accrued income | 490/1 | €1,547 | €951 | -€596 | -38.5% |
| Total equity and liabilities | 10/49 | €152,674 | €73,035 | -€79,639 | -52.2% |
| Equity | 10/15 | €143,203 | €67,776 | -€75,427 | -52.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,010 | €31,210 | -€55,800 | -64.1% |
| Distributable reserves | 133 | €87,010 | €31,210 | -€55,800 | -64.1% |
| Profit (loss) carried forward | 14 | €49,993 | €30,366 | -€19,627 | -39.3% |
| Amounts payable | 17/49 | €9,471 | €5,259 | -€4,212 | -44.5% |
| Amounts payable within one year | 42/48 | €9,471 | €5,259 | -€4,212 | -44.5% |
| Trade debts | 44 | €9,182 | €1,861 | -€7,321 | -79.7% |
| Suppliers | 440/4 | €9,182 | €1,861 | -€7,321 | -79.7% |
| Taxes, remuneration and social security | 45 | €289 | €3,398 | +€3,109 | +1074.5% |
| Taxes | 450/3 | €289 | €3,398 | +€3,109 | +1074.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,337 | €10,003 | +€2,666 | +36.3% |
| Other operating charges | 640/8 | €1,488 | €1,589 | +€100 | +6.7% |
| Gross operating margin | 9900 | -€10,570 | -€12,156 | -€1,586 | -15.0% |
| Operating profit (loss) | 9901 | -€19,395 | -€23,747 | -€4,352 | -22.4% |
| Financial income | 75/76B | €3,915 | €4,844 | +€930 | +23.7% |
| Recurring financial income | 75 | €3,915 | €4,844 | +€930 | +23.7% |
| Financial charges | 65/66B | €50 | €116 | +€66 | +132.7% |
| Recurring financial charges | 65 | €50 | €116 | +€66 | +132.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,531 | -€19,019 | -€3,489 | -22.5% |
| Income taxes | 67/77 | €289 | €608 | +€319 | +110.1% |
| Profit (loss) for the period | 9904 | -€15,820 | -€19,627 | -€3,807 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,820 | -€19,627 | -€3,807 | -24.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.