DE LAET Patrick: 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.
DE LAET Patrick
Largest movements
- Receivables within one year +€43,683
up €43,683 (+46.5%), from €94,035 to €137,718
of which Other amounts receivable: +€47,485
- Tangible fixed assets -€36,803
down €36,803 (-66.2%), from €55,619 to €18,816
of which Furniture and vehicles: -€25,460
- Cash +€6,979
up €6,979 (+10.5%), from €66,189 to €73,168
mainly Net result for the year (+€40,632) and Depreciation (+€38,785)
- Reserves +€40,632
up €40,632 (+32.8%), from €123,952 to €164,584
- Current portion of long-term debt -€20,772
down €20,772 (-55.3%), from €37,589 to €16,818
- Debts after one year -€16,818
no longer reported in 2025 (was €16,818)
- Tax, wage and social debts +€16,019
up €16,019 (+180%), from €8,917 to €24,936
- Trade debts -€5,069
down €5,069 (-40.1%), from €12,642 to €7,572
- Gross operating margin +€31,007
up €31,007 (+48.8%), from €63,511 to €94,517
- Taxes +€10,431
up €10,431 (+146%), from €7,140 to €17,572
- Financial income +€3,628
up €3,628 (+338%), from €1,074 to €4,701
- Financial charges -€2,853
down €2,853 (-92.2%), from €3,096 to €242
- Depreciation +€1,151
up €1,151 (+3.1%), from €37,634 to €38,785
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 | €218,517 | €232,509 | +€13,992 | +6.4% |
| Fixed assets | 21/28 | €55,619 | €18,816 | -€36,803 | -66.2% |
| Tangible fixed assets | 22/27 | €55,619 | €18,816 | -€36,803 | -66.2% |
| Plant, machinery and equipment | 23 | - | €1,528 | +€1,528 | |
| Furniture and vehicles | 24 | €29,703 | €4,243 | -€25,460 | -85.7% |
| Leasing and similar rights | 25 | €10,286 | - | -€10,286 | |
| Other tangible fixed assets | 26 | €15,630 | €13,044 | -€2,585 | -16.5% |
| Current assets | 29/58 | €162,898 | €213,693 | +€50,795 | +31.2% |
| Amounts receivable within one year | 40/41 | €94,035 | €137,718 | +€43,683 | +46.5% |
| Trade receivables | 40 | €31,764 | €27,962 | -€3,802 | -12.0% |
| Other amounts receivable | 41 | €62,271 | €109,756 | +€47,485 | +76.3% |
| Cash at bank and in hand | 54/58 | €66,189 | €73,168 | +€6,979 | +10.5% |
| Deferred charges and accrued income | 490/1 | €2,674 | €2,807 | +€133 | +5.0% |
| Total equity and liabilities | 10/49 | €218,517 | €232,509 | +€13,992 | +6.4% |
| Equity | 10/15 | €142,552 | €183,184 | +€40,632 | +28.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,952 | €164,584 | +€40,632 | +32.8% |
| Distributable reserves | 133 | €123,952 | €164,584 | +€40,632 | +32.8% |
| Amounts payable | 17/49 | €75,965 | €49,325 | -€26,640 | -35.1% |
| Amounts payable after more than one year | 17 | €16,818 | - | -€16,818 | |
| Financial debts | 170/4 | €16,818 | - | -€16,818 | |
| Amounts payable within one year | 42/48 | €59,148 | €49,325 | -€9,822 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €37,589 | €16,818 | -€20,772 | -55.3% |
| Trade debts | 44 | €12,642 | €7,572 | -€5,069 | -40.1% |
| Suppliers | 440/4 | €12,642 | €7,572 | -€5,069 | -40.1% |
| Taxes, remuneration and social security | 45 | €8,917 | €24,936 | +€16,019 | +180% |
| Taxes | 450/3 | €8,917 | €24,936 | +€16,019 | +180% |
| Non-recurring operating income | 76A | €16,033 | - | -€16,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,634 | €38,785 | +€1,151 | +3.1% |
| Other operating charges | 640/8 | €1,508 | €1,987 | +€479 | +31.8% |
| Non-recurring operating charges | 66A | €198 | - | -€198 | |
| Gross operating margin | 9900 | €63,511 | €94,517 | +€31,007 | +48.8% |
| Operating profit (loss) | 9901 | €24,170 | €53,745 | +€29,575 | +122% |
| Financial income | 75/76B | €1,074 | €4,701 | +€3,628 | +338% |
| Recurring financial income | 75 | €1,074 | €4,701 | +€3,628 | +338% |
| Financial charges | 65/66B | €3,096 | €242 | -€2,853 | -92.2% |
| Recurring financial charges | 65 | €3,096 | €242 | -€2,853 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €22,148 | €58,204 | +€36,055 | +163% |
| Income taxes | 67/77 | €7,140 | €17,572 | +€10,431 | +146% |
| Profit (loss) for the period | 9904 | €15,008 | €40,632 | +€25,624 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €15,008 | €40,632 | +€25,624 | +171% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.