Dr. Bart Lauwereins: what changed
Dr. Bart Lauwereins
Largest movements
- Cash +€182,796
up €182,796 (+73.2%), from €249,574 to €432,371
mainly Other debts (+€225,213) and Net result for the year (+€212,831)
- Deferred charges and accrued income -€59,786
down €59,786 (-93.0%), from €64,296 to €4,510
- Receivables within one year +€26,190
up €26,190, from €0 to €26,190
of which Other amounts receivable: +€26,190
- Other debts +€225,213
up €225,213 (+122%), from €185,034 to €410,247
- Tax, wage and social debts -€48,005
down €48,005 (-95.3%), from €50,360 to €2,355
of which Taxes: -€48,005
- Profit (loss) carried forward -€30,896
down €30,896 (-43.1%), from €71,752 to €40,857
- Gross operating margin -€22,154
down €22,154 (-7.4%), from €297,552 to €275,398
- Taxes -€7,942
down €7,942 (-10.9%), from €73,133 to €65,191
- Financial income +€4,105
up €4,105 (+959%), from €428 to €4,534
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,520 | €464,815 | +€148,295 | +46.9% |
| Fixed assets | 21/28 | €2,649 | €1,745 | -€905 | -34.2% |
| Tangible fixed assets | 22/27 | €2,649 | €1,745 | -€905 | -34.2% |
| Plant, machinery and equipment | 23 | €411 | €78 | -€333 | -81.1% |
| Furniture and vehicles | 24 | €2,239 | €1,667 | -€572 | -25.5% |
| Current assets | 29/58 | €313,871 | €463,071 | +€149,200 | +47.5% |
| Amounts receivable within one year | 40/41 | €0 | €26,190 | +€26,190 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €26,190 | +€26,190 | |
| Cash at bank and in hand | 54/58 | €249,574 | €432,371 | +€182,796 | +73.2% |
| Deferred charges and accrued income | 490/1 | €64,296 | €4,510 | -€59,786 | -93.0% |
| Total equity and liabilities | 10/49 | €316,520 | €464,815 | +€148,295 | +46.9% |
| Equity | 10/15 | €76,752 | €45,857 | -€30,896 | -40.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,752 | €40,857 | -€30,896 | -43.1% |
| Amounts payable | 17/49 | €239,768 | €418,959 | +€179,191 | +74.7% |
| Amounts payable within one year | 42/48 | €239,768 | €418,959 | +€179,191 | +74.7% |
| Trade debts | 44 | €4,374 | €6,357 | +€1,983 | +45.3% |
| Suppliers | 440/4 | €4,374 | €6,357 | +€1,983 | +45.3% |
| Taxes, remuneration and social security | 45 | €50,360 | €2,355 | -€48,005 | -95.3% |
| Taxes | 450/3 | €50,360 | €2,355 | -€48,005 | -95.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €185,034 | €410,247 | +€225,213 | +122% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €905 | €905 | +€0 | 0.0% |
| Other operating charges | 640/8 | €800 | €691 | -€109 | -13.6% |
| Non-recurring operating charges | 66A | €63 | €177 | +€114 | +180% |
| Gross operating margin | 9900 | €297,552 | €275,398 | -€22,154 | -7.4% |
| Operating profit (loss) | 9901 | €295,784 | €273,625 | -€22,159 | -7.5% |
| Financial income | 75/76B | €428 | €4,534 | +€4,105 | +959% |
| Recurring financial income | 75 | €428 | €4,534 | +€4,105 | +959% |
| Financial charges | 65/66B | €326 | €136 | -€190 | -58.3% |
| Recurring financial charges | 65 | €326 | €136 | -€190 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €295,885 | €278,022 | -€17,863 | -6.0% |
| Income taxes | 67/77 | €73,133 | €65,191 | -€7,942 | -10.9% |
| Profit (loss) for the period | 9904 | €222,752 | €212,831 | -€9,921 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €222,752 | €212,831 | -€9,921 | -4.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.