die lelijcke eend: 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.
die lelijcke eend
Largest movements
- Tangible fixed assets +€86,915
up €86,915 (+27.6%), from €314,427 to €401,342
- Cash -€36,465
down €36,465 (-36.9%), from €98,952 to €62,487
mainly Investment in fixed assets (net) (-€96,540) and Net result for the year (-€24,074)
- Debts after one year +€75,000
up €75,000 (+30.0%), from €250,000 to €325,000
- Profit (loss) carried forward -€24,074
down €24,074 (-20.3%), from -€118,784 to -€142,858
- Depreciation +€2,626
up €2,626 (+37.5%), from €6,998 to €9,625
- Gross operating margin +€1,582
up €1,582 (+14.5%), from -€10,948 to -€9,366
- Other operating charges -€213
down €213 (-12.7%), from €1,679 to €1,466
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 | €415,439 | €465,902 | +€50,464 | +12.1% |
| Fixed assets | 21/28 | €314,427 | €401,342 | +€86,915 | +27.6% |
| Tangible fixed assets | 22/27 | €314,427 | €401,342 | +€86,915 | +27.6% |
| Land and buildings | 22 | €314,427 | €401,342 | +€86,915 | +27.6% |
| Current assets | 29/58 | €101,011 | €64,560 | -€36,452 | -36.1% |
| Cash at bank and in hand | 54/58 | €98,952 | €62,487 | -€36,465 | -36.9% |
| Deferred charges and accrued income | 490/1 | €2,059 | €2,073 | +€14 | +0.7% |
| Total equity and liabilities | 10/49 | €415,439 | €465,902 | +€50,464 | +12.1% |
| Equity | 10/15 | -€68,784 | -€92,858 | -€24,074 | -35.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,784 | -€142,858 | -€24,074 | -20.3% |
| Amounts payable | 17/49 | €484,222 | €558,760 | +€74,538 | +15.4% |
| Amounts payable after more than one year | 17 | €250,000 | €325,000 | +€75,000 | +30.0% |
| Financial debts | 170/4 | €250,000 | €325,000 | +€75,000 | +30.0% |
| Amounts payable within one year | 42/48 | €234,222 | €233,760 | -€462 | -0.2% |
| Trade debts | 44 | €1,128 | €666 | -€462 | -41.0% |
| Suppliers | 440/4 | €1,128 | €666 | -€462 | -41.0% |
| Other amounts payable | 47/48 | €233,094 | €233,094 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,998 | €9,625 | +€2,626 | +37.5% |
| Other operating charges | 640/8 | €1,679 | €1,466 | -€213 | -12.7% |
| Gross operating margin | 9900 | -€10,948 | -€9,366 | +€1,582 | +14.5% |
| Operating profit (loss) | 9901 | -€19,625 | -€20,457 | -€831 | -4.2% |
| Financial charges | 65/66B | €3,613 | €3,618 | +€4 | +0.1% |
| Recurring financial charges | 65 | €3,613 | €3,618 | +€4 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,239 | -€24,074 | -€836 | -3.6% |
| Profit (loss) for the period | 9904 | -€23,239 | -€24,074 | -€836 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,239 | -€24,074 | -€836 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.