Dr. Arnaud Lambert: 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.
Dr. Arnaud Lambert
Largest movements
- Cash +€42,814
up €42,814 (+166.9%), from €25,659 to €68,473
mainly Net result for the year (+€46,544) and Trade debts (+€1,435)
- Tangible fixed assets +€4,313
new in 2025: €4,313
- Deferred charges and accrued income +€959
up €959 (+100.9%), from €950 to €1,909
- Reserves +€45,711
up €45,711 (+452.8%), from €10,095 to €55,806
- Trade debts +€1,435
up €1,435 (+129.2%), from €1,110 to €2,545
- Turnover +€133,035
new in 2025: €133,035
- Purchases and services +€73,564
new in 2025: €73,564
- Gross operating margin +€46,520
up €46,520 (+308.3%), from €15,090 to €61,610
- Taxes +€9,319
up €9,319 (+303.1%), from €3,075 to €12,394
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 | €26,609 | €74,695 | +€48,086 | +180.7% |
| Fixed assets | 21/28 | - | €4,313 | +€4,313 | |
| Tangible fixed assets | 22/27 | - | €4,313 | +€4,313 | |
| Plant, machinery and equipment | 23 | - | €4,313 | +€4,313 | |
| Current assets | 29/58 | €26,609 | €70,383 | +€43,773 | +164.5% |
| Cash at bank and in hand | 54/58 | €25,659 | €68,473 | +€42,814 | +166.9% |
| Deferred charges and accrued income | 490/1 | €950 | €1,909 | +€959 | +100.9% |
| Total equity and liabilities | 10/49 | €26,609 | €74,695 | +€48,086 | +180.7% |
| Equity | 10/15 | €13,095 | €58,806 | +€45,711 | +349.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,095 | €55,806 | +€45,711 | +452.8% |
| Distributable reserves | 133 | €10,095 | €55,806 | +€45,711 | +452.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,515 | €15,890 | +€2,375 | +17.6% |
| Amounts payable within one year | 42/48 | €13,310 | €15,439 | +€2,129 | +16.0% |
| Trade debts | 44 | €1,110 | €2,545 | +€1,435 | +129.2% |
| Suppliers | 440/4 | €1,110 | €2,545 | +€1,435 | +129.2% |
| Taxes, remuneration and social security | 45 | €5,075 | €5,614 | +€539 | +10.6% |
| Taxes | 450/3 | €3,075 | €3,999 | +€924 | +30.1% |
| Remuneration and social security | 454/9 | €2,000 | €1,615 | -€385 | -19.3% |
| Other amounts payable | 47/48 | €7,125 | €7,280 | +€154 | +2.2% |
| Accrued charges and deferred income | 492/3 | €205 | €451 | +€246 | +120.5% |
| Turnover | 70 | - | €133,035 | +€133,035 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €73,564 | +€73,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €102 | +€102 | |
| Other operating charges | 640/8 | €50 | €302 | +€252 | +504.8% |
| Gross operating margin | 9900 | €15,090 | €61,610 | +€46,520 | +308.3% |
| Operating profit (loss) | 9901 | €15,040 | €61,205 | +€46,165 | +307.0% |
| Financial charges | 65/66B | €1,038 | €2,268 | +€1,230 | +118.5% |
| Recurring financial charges | 65 | €1,038 | €2,268 | +€1,230 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | €14,002 | €58,938 | +€44,936 | +320.9% |
| Income taxes | 67/77 | €3,075 | €12,394 | +€9,319 | +303.1% |
| Profit (loss) for the period | 9904 | €10,928 | €46,544 | +€35,616 | +325.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,928 | €46,544 | +€35,616 | +325.9% |
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 6 October 2026 via checked.be.