Dr. Isabelle Lechat: what changed
Dr. Isabelle Lechat
Largest movements
- Cash -€103,227
down €103,227 (-62.6%), from €164,857 to €61,629
mainly Contributions, distributions and other (-€69,500) and Other debts (-€35,574)
- Receivables within one year +€11,856
up €11,856 (+238%), from €4,986 to €16,842
- Tangible fixed assets +€3,121
up €3,121 (+33.0%), from €9,451 to €12,573
of which Other tangible fixed assets: +€6,111
- Reserves -€59,781
down €59,781 (-48.3%), from €123,649 to €63,868
- Other debts -€35,574
down €35,574 (-81.0%), from €43,893 to €8,319
- Trade debts +€3,535
up €3,535 (+414%), from €854 to €4,389
- Tax, wage and social debts +€2,133
up €2,133 (+426%), from €501 to €2,633
- Gross operating margin -€147,476
down €147,476 (-88.2%), from €167,215 to €19,740
- Taxes -€31,856
down €31,856 (-91.0%), from €35,014 to €3,158
- Depreciation -€2,957
down €2,957 (-39.4%), from €7,497 to €4,540
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 | €187,497 | €97,809 | -€89,688 | -47.8% |
| Fixed assets | 21/28 | €9,451 | €12,573 | +€3,121 | +33.0% |
| Tangible fixed assets | 22/27 | €9,451 | €12,573 | +€3,121 | +33.0% |
| Plant, machinery and equipment | 23 | €3,995 | €3,962 | -€33 | -0.8% |
| Furniture and vehicles | 24 | €5,457 | €2,500 | -€2,957 | -54.2% |
| Other tangible fixed assets | 26 | - | €6,111 | +€6,111 | |
| Current assets | 29/58 | €178,045 | €85,236 | -€92,809 | -52.1% |
| Amounts receivable within one year | 40/41 | €4,986 | €16,842 | +€11,856 | +238% |
| Other amounts receivable | 41 | €4,986 | €16,842 | +€11,856 | +238% |
| Cash at bank and in hand | 54/58 | €164,857 | €61,629 | -€103,227 | -62.6% |
| Deferred charges and accrued income | 490/1 | €8,203 | €6,765 | -€1,438 | -17.5% |
| Total equity and liabilities | 10/49 | €187,497 | €97,809 | -€89,688 | -47.8% |
| Equity | 10/15 | €142,249 | €82,468 | -€59,781 | -42.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,649 | €63,868 | -€59,781 | -48.3% |
| Distributable reserves | 133 | €123,649 | €63,868 | -€59,781 | -48.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,248 | €15,341 | -€29,907 | -66.1% |
| Amounts payable within one year | 42/48 | €45,248 | €15,341 | -€29,907 | -66.1% |
| Trade debts | 44 | €854 | €4,389 | +€3,535 | +414% |
| Suppliers | 440/4 | €854 | €4,389 | +€3,535 | +414% |
| Taxes, remuneration and social security | 45 | €501 | €2,633 | +€2,133 | +426% |
| Taxes | 450/3 | €501 | €2,633 | +€2,133 | +426% |
| Other amounts payable | 47/48 | €43,893 | €8,319 | -€35,574 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,497 | €4,540 | -€2,957 | -39.4% |
| Other operating charges | 640/8 | €505 | €574 | +€68 | +13.5% |
| Gross operating margin | 9900 | €167,215 | €19,740 | -€147,476 | -88.2% |
| Operating profit (loss) | 9901 | €159,213 | €14,626 | -€144,587 | -90.8% |
| Financial income | 75/76B | €0 | €4 | +€4 | +1,800% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +1,800% |
| Financial charges | 65/66B | €2,263 | €1,753 | -€510 | -22.6% |
| Recurring financial charges | 65 | €2,263 | €1,753 | -€510 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €156,950 | €12,877 | -€144,073 | -91.8% |
| Income taxes | 67/77 | €35,014 | €3,158 | -€31,856 | -91.0% |
| Profit (loss) for the period | 9904 | €121,935 | €9,719 | -€112,217 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,935 | €9,719 | -€112,217 | -92.0% |
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 1 November 2026 via checked.be.