Bart Lombaerts: 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.
Bart Lombaerts
Largest movements
- Cash -€73,868
down €73,868 (-72.9%), from €101,304 to €27,436
mainly Other debts (-€62,148) and Contributions, distributions and other (-€61,770)
- Receivables within one year +€52,153
up €52,153 (+51.1%), from €102,098 to €154,251
of which Other amounts receivable: +€35,386
- Tangible fixed assets -€16,113
down €16,113 (-23.0%), from €70,197 to €54,084
of which Furniture and vehicles: -€15,643
- Other debts -€62,148
down €62,148 (-50.2%), from €123,918 to €61,770
- Tax, wage and social debts +€16,312
up €16,312 (+217%), from €7,521 to €23,833
- Accrued charges and deferred income +€5,181
up €5,181 (+202%), from €2,570 to €7,751
- Gross operating margin +€15,806
up €15,806 (+17.1%), from €92,593 to €108,398
- Taxes +€6,706
up €6,706 (+45.2%), from €14,840 to €21,547
- Financial charges +€5,179
up €5,179 (+198%), from €2,617 to €7,796
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 | €279,484 | €241,153 | -€38,331 | -13.7% |
| Fixed assets | 21/28 | €70,197 | €54,084 | -€16,113 | -23.0% |
| Tangible fixed assets | 22/27 | €70,197 | €54,084 | -€16,113 | -23.0% |
| Plant, machinery and equipment | 23 | €1,951 | €1,481 | -€470 | -24.1% |
| Furniture and vehicles | 24 | €68,246 | €52,603 | -€15,643 | -22.9% |
| Current assets | 29/58 | €209,287 | €187,069 | -€22,218 | -10.6% |
| Amounts receivable within one year | 40/41 | €102,098 | €154,251 | +€52,153 | +51.1% |
| Trade receivables | 40 | €18,191 | €34,957 | +€16,767 | +92.2% |
| Other amounts receivable | 41 | €83,907 | €119,293 | +€35,386 | +42.2% |
| Cash at bank and in hand | 54/58 | €101,304 | €27,436 | -€73,868 | -72.9% |
| Deferred charges and accrued income | 490/1 | €5,886 | €5,382 | -€503 | -8.6% |
| Total equity and liabilities | 10/49 | €279,484 | €241,153 | -€38,331 | -13.7% |
| Equity | 10/15 | €145,322 | €145,260 | -€63 | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €143,250 | €143,250 | = | 0.0% |
| Distributable reserves | 133 | €143,250 | €143,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72 | €9 | -€63 | -87.0% |
| Amounts payable | 17/49 | €134,162 | €95,893 | -€38,268 | -28.5% |
| Amounts payable within one year | 42/48 | €131,591 | €88,142 | -€43,449 | -33.0% |
| Trade debts | 44 | €153 | €2,539 | +€2,386 | +1,560% |
| Suppliers | 440/4 | €153 | €2,539 | +€2,386 | +1,560% |
| Taxes, remuneration and social security | 45 | €7,521 | €23,833 | +€16,312 | +217% |
| Taxes | 450/3 | €7,521 | €23,833 | +€16,312 | +217% |
| Other amounts payable | 47/48 | €123,918 | €61,770 | -€62,148 | -50.2% |
| Accrued charges and deferred income | 492/3 | €2,570 | €7,751 | +€5,181 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,107 | €18,426 | +€319 | +1.8% |
| Other operating charges | 640/8 | €505 | €1,388 | +€883 | +175% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €92,593 | €108,398 | +€15,806 | +17.1% |
| Operating profit (loss) | 9901 | €73,980 | €88,584 | +€14,604 | +19.7% |
| Financial income | 75/76B | €2,300 | €2,466 | +€166 | +7.2% |
| Recurring financial income | 75 | €2,300 | €2,466 | +€166 | +7.2% |
| Financial charges | 65/66B | €2,617 | €7,796 | +€5,179 | +198% |
| Recurring financial charges | 65 | €2,617 | €7,796 | +€5,179 | +198% |
| Profit (loss) for the period before taxes | 9903 | €73,664 | €83,254 | +€9,591 | +13.0% |
| Income taxes | 67/77 | €14,840 | €21,547 | +€6,706 | +45.2% |
| Profit (loss) for the period | 9904 | €58,823 | €61,707 | +€2,884 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,823 | €61,707 | +€2,884 | +4.9% |
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 14 October 2026 via checked.be.