DR. I. LEQUEU: what changed
Two financial 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. I. LEQUEU
Largest movements
- Tangible fixed assets -€18,221
down €18,221 (-37.9%), from €48,134 to €29,913
of which Furniture and vehicles: -€17,723
- Cash +€17,376
up €17,376 (+13.5%), from €128,661 to €146,037
mainly Net result for the year (+€188,104) and Depreciation (+€18,221)
- Deferred charges and accrued income -€8,525
down €8,525 (-20.3%), from €42,041 to €33,516
- Reserves -€30,825
down €30,825 (-100.0%), from €30,825 to €0
- Other debts +€18,045
up €18,045 (+7.3%), from €248,321 to €266,367
No income-statement line moved by more than 1% of the activity.
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 | €307,788 | €298,418 | -€9,370 | -3.0% |
| Fixed assets | 21/28 | €48,134 | €29,913 | -€18,221 | -37.9% |
| Tangible fixed assets | 22/27 | €48,134 | €29,913 | -€18,221 | -37.9% |
| Furniture and vehicles | 24 | €47,018 | €29,295 | -€17,723 | -37.7% |
| Other tangible fixed assets | 26 | €1,116 | €618 | -€498 | -44.6% |
| Current assets | 29/58 | €259,654 | €268,505 | +€8,851 | +3.4% |
| Amounts receivable within one year | 40/41 | €88,952 | €88,952 | = | 0.0% |
| Other amounts receivable | 41 | €88,952 | €88,952 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €128,661 | €146,037 | +€17,376 | +13.5% |
| Deferred charges and accrued income | 490/1 | €42,041 | €33,516 | -€8,525 | -20.3% |
| Total equity and liabilities | 10/49 | €307,788 | €298,418 | -€9,370 | -3.0% |
| Equity | 10/15 | €49,425 | €18,600 | -€30,825 | -62.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,825 | €0 | -€30,825 | -100.0% |
| Distributable reserves | 133 | €30,825 | €0 | -€30,825 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €258,363 | €279,818 | +€21,455 | +8.3% |
| Amounts payable within one year | 42/48 | €256,441 | €277,731 | +€21,290 | +8.3% |
| Trade debts | 44 | €866 | €1,772 | +€906 | +104.7% |
| Suppliers | 440/4 | €866 | €1,772 | +€906 | +104.7% |
| Taxes, remuneration and social security | 45 | €7,254 | €9,593 | +€2,338 | +32.2% |
| Taxes | 450/3 | €4,504 | €6,843 | +€2,338 | +51.9% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €248,321 | €266,367 | +€18,045 | +7.3% |
| Accrued charges and deferred income | 492/3 | €1,922 | €2,087 | +€165 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,280 | €18,221 | -€59 | -0.3% |
| Other operating charges | 640/8 | €1,067 | €1,036 | -€31 | -2.9% |
| Gross operating margin | 9900 | €265,347 | €266,265 | +€917 | +0.3% |
| Operating profit (loss) | 9901 | €246,000 | €247,007 | +€1,007 | +0.4% |
| Financial income | 75/76B | €1,779 | €1,779 | = | 0.0% |
| Recurring financial income | 75 | €1,779 | €1,779 | = | 0.0% |
| Financial charges | 65/66B | €3,364 | €3,344 | -€20 | -0.6% |
| Recurring financial charges | 65 | €3,364 | €3,344 | -€20 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €244,415 | €245,442 | +€1,028 | +0.4% |
| Income taxes | 67/77 | €55,450 | €57,338 | +€1,888 | +3.4% |
| Profit (loss) for the period | 9904 | €188,965 | €188,104 | -€861 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €188,965 | €188,104 | -€861 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.