Dr. Lara Beunen: 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. Lara Beunen
Largest movements
- Cash +€72,426
up €72,426 (+431%), from €16,800 to €89,226
mainly Net result for the year (+€103,580) and Current investments (+€50,000)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€2,755
down €2,755 (-71.3%), from €3,861 to €1,107
of which Furniture and vehicles: -€3,861
- Other debts +€26,700
up €26,700 (+43.3%), from €61,633 to €88,333
- Tax, wage and social debts -€7,948
down €7,948 (-66.0%), from €12,041 to €4,093
- Gross operating margin +€36,419
up €36,419 (+36.1%), from €100,758 to €137,177
- Taxes +€10,097
up €10,097 (+51.1%), from €19,749 to €29,847
- Depreciation -€3,646
down €3,646 (-46.8%), from €7,799 to €4,152
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.
Derived cash bridge
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 | €78,601 | €96,838 | +€18,238 | +23.2% |
| Fixed assets | 21/28 | €3,861 | €1,107 | -€2,755 | -71.3% |
| Tangible fixed assets | 22/27 | €3,861 | €1,107 | -€2,755 | -71.3% |
| Plant, machinery and equipment | 23 | - | €1,107 | +€1,107 | |
| Furniture and vehicles | 24 | €3,861 | - | -€3,861 | |
| Current assets | 29/58 | €74,739 | €95,732 | +€20,992 | +28.1% |
| Amounts receivable within one year | 40/41 | €792 | - | -€792 | |
| Other amounts receivable | 41 | €792 | - | -€792 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €16,800 | €89,226 | +€72,426 | +431% |
| Deferred charges and accrued income | 490/1 | €7,147 | €6,506 | -€641 | -9.0% |
| Total equity and liabilities | 10/49 | €78,601 | €96,838 | +€18,238 | +23.2% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €75,601 | €93,838 | +€18,238 | +24.1% |
| Amounts payable within one year | 42/48 | €75,601 | €93,838 | +€18,238 | +24.1% |
| Trade debts | 44 | €1,926 | €1,412 | -€514 | -26.7% |
| Suppliers | 440/4 | €1,926 | €1,412 | -€514 | -26.7% |
| Taxes, remuneration and social security | 45 | €12,041 | €4,093 | -€7,948 | -66.0% |
| Taxes | 450/3 | €12,041 | €4,093 | -€7,948 | -66.0% |
| Other amounts payable | 47/48 | €61,633 | €88,333 | +€26,700 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,799 | €4,152 | -€3,646 | -46.8% |
| Other operating charges | 640/8 | €1,043 | €1,150 | +€107 | +10.2% |
| Gross operating margin | 9900 | €100,758 | €137,177 | +€36,419 | +36.1% |
| Operating profit (loss) | 9901 | €91,916 | €131,875 | +€39,959 | +43.5% |
| Financial income | 75/76B | €480 | €1,702 | +€1,222 | +255% |
| Recurring financial income | 75 | €480 | €1,702 | +€1,222 | +255% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €92,261 | €133,427 | +€41,166 | +44.6% |
| Income taxes | 67/77 | €19,749 | €29,847 | +€10,097 | +51.1% |
| Profit (loss) for the period | 9904 | €72,511 | €103,580 | +€31,069 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,511 | €103,580 | +€31,069 | +42.8% |
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 31 October 2026 via checked.be.