Danny Van Laere: 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.
Danny Van Laere
Largest movements
- Receivables within one year -€27,570
down €27,570 (-75.5%), from €36,527 to €8,957
of which Trade receivables: -€34,277
- Cash +€17,587
up €17,587 (+82.5%), from €21,326 to €38,913
mainly Receivables within one year (+€27,570) and Net result for the year (+€8,811)
- Deferred charges and accrued income -€724
down €724 (-98.7%), from €733 to €9
- Trade debts -€21,408
down €21,408 (-86.5%), from €24,740 to €3,331
- Profit (loss) carried forward +€8,811
up €8,811 (+86.0%), from €10,241 to €19,052
- Tax, wage and social debts +€2,009
up €2,009 (+47.3%), from €4,250 to €6,258
of which Taxes: +€3,321
- Gross operating margin +€4,300
up €4,300 (+41.0%), from €10,482 to €14,782
- Taxes +€929
up €929 (+42.4%), from €2,190 to €3,119
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 | €58,587 | €47,880 | -€10,707 | -18.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €58,587 | €47,880 | -€10,707 | -18.3% |
| Amounts receivable within one year | 40/41 | €36,527 | €8,957 | -€27,570 | -75.5% |
| Trade receivables | 40 | €34,277 | €0 | -€34,277 | -100% |
| Other amounts receivable | 41 | €2,250 | €8,957 | +€6,707 | +298% |
| Cash at bank and in hand | 54/58 | €21,326 | €38,913 | +€17,587 | +82.5% |
| Deferred charges and accrued income | 490/1 | €733 | €9 | -€724 | -98.7% |
| Total equity and liabilities | 10/49 | €58,587 | €47,880 | -€10,707 | -18.3% |
| Equity | 10/15 | €29,479 | €38,290 | +€8,811 | +29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €638 | €638 | = | 0.0% |
| Non-distributable reserves | 130/1 | €638 | €638 | = | 0.0% |
| Reserves not available under the articles | 1311 | €638 | €638 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,241 | €19,052 | +€8,811 | +86.0% |
| Amounts payable | 17/49 | €29,108 | €9,590 | -€19,518 | -67.1% |
| Amounts payable within one year | 42/48 | €29,108 | €9,590 | -€19,518 | -67.1% |
| Trade debts | 44 | €24,740 | €3,331 | -€21,408 | -86.5% |
| Suppliers | 440/4 | €24,740 | €3,331 | -€21,408 | -86.5% |
| Taxes, remuneration and social security | 45 | €4,250 | €6,258 | +€2,009 | +47.3% |
| Taxes | 450/3 | €1,775 | €5,096 | +€3,321 | +187% |
| Remuneration and social security | 454/9 | €2,474 | €1,162 | -€1,312 | -53.0% |
| Other amounts payable | 47/48 | €119 | €0 | -€119 | -100% |
| Non-recurring operating income | 76A | €34,149 | €0 | -€34,149 | -100% |
| Remuneration, social security and pensions | 62 | €1,760 | €1,760 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €755 | €812 | +€58 | +7.6% |
| Gross operating margin | 9900 | €10,482 | €14,782 | +€4,300 | +41.0% |
| Operating profit (loss) | 9901 | €7,967 | €12,210 | +€4,243 | +53.3% |
| Financial income | 75/76B | €16 | €55 | +€39 | +244% |
| Recurring financial income | 75 | €16 | €55 | +€39 | +244% |
| Financial charges | 65/66B | €334 | €334 | -€1 | -0.3% |
| Recurring financial charges | 65 | €334 | €334 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €7,648 | €11,931 | +€4,282 | +56.0% |
| Income taxes | 67/77 | €2,190 | €3,119 | +€929 | +42.4% |
| Profit (loss) for the period | 9904 | €5,458 | €8,811 | +€3,353 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,458 | €8,811 | +€3,353 | +61.4% |
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 29 October 2026 via checked.be.