Dr. Delphine Lambrecht: what changed
Dr. Delphine Lambrecht
Largest movements
- Current investments -€113,592
down €113,592 (-99.2%), from €114,563 to €971
- Cash +€39,752
up €39,752 (+100%), from €39,711 to €79,463
mainly Net result for the year (+€187,737) and Other debts (+€185,268)
- Receivables within one year +€4,126
up €4,126 (+8.4%), from €48,973 to €53,099
of which Other amounts receivable: +€12,288
- Reserves -€220,627
no longer reported in 2025 (was €220,627)
- Other debts +€185,268
up €185,268 (+7,503%), from €2,469 to €187,737
- Tax, wage and social debts -€34,917
down €34,917 (-87.6%), from €39,846 to €4,929
- Gross operating margin +€71,308
up €71,308 (+40.5%), from €175,958 to €247,266
- Taxes +€23,500
up €23,500 (+59.0%), from €39,828 to €63,328
- Financial income +€4,722
up €4,722 (+426%), from €1,109 to €5,831
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 | €266,081 | €195,991 | -€70,090 | -26.3% |
| Fixed assets | 21/28 | €2,294 | €1,245 | -€1,048 | -45.7% |
| Tangible fixed assets | 22/27 | €2,294 | €1,245 | -€1,048 | -45.7% |
| Plant, machinery and equipment | 23 | €928 | €363 | -€564 | -60.8% |
| Furniture and vehicles | 24 | €1,366 | €882 | -€484 | -35.4% |
| Current assets | 29/58 | €263,787 | €194,746 | -€69,042 | -26.2% |
| Amounts receivable within one year | 40/41 | €48,973 | €53,099 | +€4,126 | +8.4% |
| Trade receivables | 40 | €48,973 | €40,811 | -€8,162 | -16.7% |
| Other amounts receivable | 41 | - | €12,288 | +€12,288 | |
| Current investments | 50/53 | €114,563 | €971 | -€113,592 | -99.2% |
| Cash at bank and in hand | 54/58 | €39,711 | €79,463 | +€39,752 | +100% |
| Deferred charges and accrued income | 490/1 | €60,540 | €61,212 | +€672 | +1.1% |
| Total equity and liabilities | 10/49 | €266,081 | €195,991 | -€70,090 | -26.3% |
| Equity | 10/15 | €221,627 | €1,000 | -€220,627 | -99.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €220,627 | - | -€220,627 | |
| Distributable reserves | 133 | €220,627 | - | -€220,627 | |
| Amounts payable | 17/49 | €44,454 | €194,991 | +€150,537 | +339% |
| Amounts payable within one year | 42/48 | €43,063 | €193,418 | +€150,355 | +349% |
| Trade debts | 44 | €748 | €752 | +€4 | +0.5% |
| Suppliers | 440/4 | €748 | €752 | +€4 | +0.5% |
| Taxes, remuneration and social security | 45 | €39,846 | €4,929 | -€34,917 | -87.6% |
| Taxes | 450/3 | €39,846 | €4,929 | -€34,917 | -87.6% |
| Other amounts payable | 47/48 | €2,469 | €187,737 | +€185,268 | +7,503% |
| Accrued charges and deferred income | 492/3 | €1,392 | €1,573 | +€182 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,103 | €1,048 | -€54 | -4.9% |
| Other operating charges | 640/8 | €383 | €329 | -€55 | -14.2% |
| Gross operating margin | 9900 | €175,958 | €247,266 | +€71,308 | +40.5% |
| Operating profit (loss) | 9901 | €174,473 | €245,889 | +€71,417 | +40.9% |
| Financial income | 75/76B | €1,109 | €5,831 | +€4,722 | +426% |
| Recurring financial income | 75 | €1,109 | €5,831 | +€4,722 | +426% |
| Financial charges | 65/66B | €218 | €655 | +€437 | +200% |
| Recurring financial charges | 65 | €218 | €655 | +€437 | +200% |
| Profit (loss) for the period before taxes | 9903 | €175,363 | €251,065 | +€75,702 | +43.2% |
| Income taxes | 67/77 | €39,828 | €63,328 | +€23,500 | +59.0% |
| Profit (loss) for the period | 9904 | €135,535 | €187,737 | +€52,202 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €135,535 | €187,737 | +€52,202 | +38.5% |
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.