DR.DAVID LEROUGE: what changed
DR.DAVID LEROUGE
Largest movements
- Cash +€72,826
up €72,826 (+49.5%), from €147,200 to €220,025
mainly Net result for the year (+€60,236) and Depreciation (+€57,436)
- Tangible fixed assets -€43,692
down €43,692 (-17.0%), from €256,503 to €212,811
of which Furniture and vehicles: -€28,368
- Deferred charges and accrued income -€6,458
no longer reported in 2025 (was €6,458)
- Debts after one year -€34,613
down €34,613 (-20.7%), from €167,213 to €132,600
- Profit (loss) carried forward +€33,236
up €33,236, from -€29,434 to €3,802
- Reserves +€27,000
up €27,000 (+10.3%), from €262,500 to €289,500
- Other debts -€14,061
down €14,061 (-98.4%), from €14,285 to €224
- Current portion of long-term debt +€5,015
up €5,015 (+20.4%), from €24,582 to €29,597
- Gross operating margin +€46,387
up €46,387 (+55.1%), from €84,143 to €130,529
- Taxes -€13,579
down €13,579 (-71.1%), from €19,095 to €5,516
- Depreciation -€8,931
down €8,931 (-13.5%), from €66,367 to €57,436
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 | €462,296 | €481,243 | +€18,947 | +4.1% |
| Fixed assets | 21/28 | €256,503 | €212,811 | -€43,692 | -17.0% |
| Tangible fixed assets | 22/27 | €256,503 | €212,811 | -€43,692 | -17.0% |
| Land and buildings | 22 | €180,168 | €167,405 | -€12,764 | -7.1% |
| Plant, machinery and equipment | 23 | €16,261 | €14,701 | -€1,560 | -9.6% |
| Furniture and vehicles | 24 | €59,074 | €30,706 | -€28,368 | -48.0% |
| Other tangible fixed assets | 26 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €205,792 | €268,432 | +€62,639 | +30.4% |
| Amounts receivable within one year | 40/41 | €52,135 | €48,406 | -€3,729 | -7.2% |
| Other amounts receivable | 41 | €52,135 | €48,406 | -€3,729 | -7.2% |
| Cash at bank and in hand | 54/58 | €147,200 | €220,025 | +€72,826 | +49.5% |
| Deferred charges and accrued income | 490/1 | €6,458 | - | -€6,458 | |
| Total equity and liabilities | 10/49 | €462,296 | €481,243 | +€18,947 | +4.1% |
| Equity | 10/15 | €245,466 | €305,702 | +€60,236 | +24.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €262,500 | €289,500 | +€27,000 | +10.3% |
| Distributable reserves | 133 | €262,500 | €289,500 | +€27,000 | +10.3% |
| Profit (loss) carried forward | 14 | -€29,434 | €3,802 | +€33,236 | |
| Amounts payable | 17/49 | €216,830 | €175,541 | -€41,289 | -19.0% |
| Amounts payable after more than one year | 17 | €167,213 | €132,600 | -€34,613 | -20.7% |
| Financial debts | 170/4 | €167,213 | €132,600 | -€34,613 | -20.7% |
| Amounts payable within one year | 42/48 | €49,617 | €38,479 | -€11,138 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €24,582 | €29,597 | +€5,015 | +20.4% |
| Trade debts | 44 | €2,977 | €231 | -€2,747 | -92.2% |
| Suppliers | 440/4 | €2,977 | €231 | -€2,747 | -92.2% |
| Taxes, remuneration and social security | 45 | €7,772 | €8,427 | +€654 | +8.4% |
| Taxes | 450/3 | €7,772 | €8,427 | +€654 | +8.4% |
| Other amounts payable | 47/48 | €14,285 | €224 | -€14,061 | -98.4% |
| Accrued charges and deferred income | 492/3 | - | €4,462 | +€4,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,367 | €57,436 | -€8,931 | -13.5% |
| Other operating charges | 640/8 | €3,387 | €3,109 | -€278 | -8.2% |
| Gross operating margin | 9900 | €84,143 | €130,529 | +€46,387 | +55.1% |
| Operating profit (loss) | 9901 | €14,389 | €69,985 | +€55,596 | +386% |
| Financial income | 75/76B | €3,032 | €3,547 | +€515 | +17.0% |
| Recurring financial income | 75 | €3,032 | €3,547 | +€515 | +17.0% |
| Financial charges | 65/66B | €9,015 | €7,779 | -€1,236 | -13.7% |
| Recurring financial charges | 65 | €9,015 | €7,779 | -€1,236 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €8,405 | €65,752 | +€57,347 | +682% |
| Income taxes | 67/77 | €19,095 | €5,516 | -€13,579 | -71.1% |
| Profit (loss) for the period | 9904 | -€10,690 | €60,236 | +€70,926 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,690 | €60,236 | +€70,926 |
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 2 November 2026 via checked.be.