DE LAENE: 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.
DE LAENE
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+21242.5%), from €5,871 to €1.3m
of which Other amounts receivable: +€1.2m
- Cash -€880,967
down €880,967 (-61.1%), from €1.4m to €560,814
mainly Receivables within one year (-€1.2m) and Investment in fixed assets (net) (-€208,653)
- Tangible fixed assets +€162,299
up €162,299 (+34.2%), from €474,440 to €636,739
- Reserves +€507,417
up €507,417 (+60.2%), from €843,197 to €1.4m
of which Tax-exempt reserves: +€574,981
- Provisions +€191,660
new in 2025: €191,660
- Other debts -€169,482
down €169,482 (-8.0%), from €2.1m to €2.0m
- Gross operating margin +€231,914
up €231,914 (+24.6%), from €941,206 to €1.2m
- Depreciation -€19,018
down €19,018 (-29.1%), from €65,373 to €46,354
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 | €3,030,141 | €3,567,851 | +€537,710 | +17.7% |
| Fixed assets | 21/28 | €474,606 | €636,905 | +€162,299 | +34.2% |
| Tangible fixed assets | 22/27 | €474,440 | €636,739 | +€162,299 | +34.2% |
| Land and buildings | 22 | €474,440 | €636,739 | +€162,299 | +34.2% |
| Financial fixed assets | 28 | €167 | €167 | = | 0.0% |
| Current assets | 29/58 | €2,555,534 | €2,930,946 | +€375,411 | +14.7% |
| Amounts receivable within one year | 40/41 | €5,871 | €1,253,028 | +€1.2m | +21242.5% |
| Trade receivables | 40 | - | €652 | +€652 | |
| Other amounts receivable | 41 | €5,871 | €1,252,376 | +€1.2m | +21231.4% |
| Current investments | 50/53 | €1,107,882 | €1,117,103 | +€9,221 | +0.8% |
| Cash at bank and in hand | 54/58 | €1,441,781 | €560,814 | -€880,967 | -61.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,030,141 | €3,567,851 | +€537,710 | +17.7% |
| Equity | 10/15 | €908,197 | €1,415,615 | +€507,417 | +55.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €843,197 | €1,350,615 | +€507,417 | +60.2% |
| Non-distributable reserves | 130/1 | €198,315 | €198,315 | = | 0.0% |
| Legal reserve | 130 | €198,315 | €198,315 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €574,981 | +€574,981 | |
| Distributable reserves | 133 | €644,883 | €577,319 | -€67,564 | -10.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | - | €191,660 | +€191,660 | |
| Deferred taxes | 168 | - | €191,660 | +€191,660 | |
| Amounts payable | 17/49 | €2,121,943 | €1,960,576 | -€161,368 | -7.6% |
| Amounts payable within one year | 42/48 | €2,121,943 | €1,960,576 | -€161,368 | -7.6% |
| Trade debts | 44 | €2,129 | €10,243 | +€8,115 | +381.2% |
| Suppliers | 440/4 | €2,129 | €10,243 | +€8,115 | +381.2% |
| Other amounts payable | 47/48 | €2,119,814 | €1,950,332 | -€169,482 | -8.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €936,361 | €1,200,000 | +€263,639 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,373 | €46,354 | -€19,018 | -29.1% |
| Other operating charges | 640/8 | €9,347 | €5,522 | -€3,825 | -40.9% |
| Non-recurring operating charges | 66A | - | €433,358 | +€433,358 | |
| Gross operating margin | 9900 | €941,206 | €1,173,121 | +€231,914 | +24.6% |
| Operating profit (loss) | 9901 | €866,487 | €687,886 | -€178,601 | -20.6% |
| Financial income | 75/76B | €14,346 | €12,918 | -€1,428 | -10.0% |
| Recurring financial income | 75 | €14,346 | €12,918 | -€1,428 | -10.0% |
| Financial charges | 65/66B | -€5,520 | €1,726 | +€7,246 | |
| Recurring financial charges | 65 | -€5,520 | €1,726 | +€7,246 | |
| Profit (loss) for the period before taxes | 9903 | €886,353 | €699,078 | -€187,275 | -21.1% |
| Transfer to deferred taxes | 680 | - | €191,660 | +€191,660 | |
| Profit (loss) for the period | 9904 | €886,353 | €507,417 | -€378,936 | -42.8% |
| Transfer to tax-exempt reserves | 689 | - | €574,981 | +€574,981 | |
| Profit (loss) for the period to be appropriated | 9905 | €886,353 | -€67,564 | -€953,917 |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.