Dr. Laura Gils: 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. Laura Gils
Largest movements
- Cash -€104,404
down €104,404 (-48.5%), from €215,409 to €111,006
mainly Contributions, distributions and other (-€304,679) and Tax, wage and social debts (-€10,299)
- Reserves -€191,957
no longer reported in 2025 (was €191,957)
- Other debts +€95,244
up €95,244 (+12,828%), from €742 to €95,987
- Tax, wage and social debts -€10,299
down €10,299 (-19.8%), from €51,982 to €41,683
- Gross operating margin -€13,574
down €13,574 (-8.4%), from €160,788 to €147,214
- Taxes -€3,427
down €3,427 (-9.7%), from €35,476 to €32,049
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 | €256,236 | €151,332 | -€104,904 | -40.9% |
| Fixed assets | 21/28 | €5,950 | €5,184 | -€766 | -12.9% |
| Tangible fixed assets | 22/27 | €5,950 | €5,184 | -€766 | -12.9% |
| Plant, machinery and equipment | 23 | €5,950 | €5,184 | -€766 | -12.9% |
| Current assets | 29/58 | €250,286 | €146,148 | -€104,138 | -41.6% |
| Amounts receivable within one year | 40/41 | - | €899 | +€899 | |
| Trade receivables | 40 | - | €899 | +€899 | |
| Cash at bank and in hand | 54/58 | €215,409 | €111,006 | -€104,404 | -48.5% |
| Deferred charges and accrued income | 490/1 | €34,877 | €34,243 | -€633 | -1.8% |
| Total equity and liabilities | 10/49 | €256,236 | €151,332 | -€104,904 | -40.9% |
| Equity | 10/15 | €194,457 | €2,500 | -€191,957 | -98.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €191,957 | - | -€191,957 | |
| Distributable reserves | 133 | €191,957 | - | -€191,957 | |
| Amounts payable | 17/49 | €61,778 | €148,832 | +€87,053 | +141% |
| Amounts payable within one year | 42/48 | €53,616 | €139,593 | +€85,977 | +160% |
| Trade debts | 44 | €892 | €1,924 | +€1,032 | +116% |
| Suppliers | 440/4 | €892 | €1,924 | +€1,032 | +116% |
| Taxes, remuneration and social security | 45 | €51,982 | €41,683 | -€10,299 | -19.8% |
| Taxes | 450/3 | €51,982 | €41,683 | -€10,299 | -19.8% |
| Other amounts payable | 47/48 | €742 | €95,987 | +€95,244 | +12,828% |
| Accrued charges and deferred income | 492/3 | €8,162 | €9,239 | +€1,076 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,958 | €1,965 | +€7 | +0.3% |
| Other operating charges | 640/8 | - | €197 | +€197 | |
| Gross operating margin | 9900 | €160,788 | €147,214 | -€13,574 | -8.4% |
| Operating profit (loss) | 9901 | €158,830 | €145,052 | -€13,778 | -8.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €381 | €282 | -€99 | -26.0% |
| Recurring financial charges | 65 | €381 | €282 | -€99 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €158,449 | €144,770 | -€13,679 | -8.6% |
| Income taxes | 67/77 | €35,476 | €32,049 | -€3,427 | -9.7% |
| Profit (loss) for the period | 9904 | €122,973 | €112,721 | -€10,251 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €122,973 | €112,721 | -€10,251 | -8.3% |
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 30 October 2026 via checked.be.