Dr Laurence Samyn: 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 Laurence Samyn
Largest movements
- Intangible fixed assets -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Deferred charges and accrued income -€20,855
down €20,855 (-76.2%), from €27,381 to €6,526
- Cash +€18,370
up €18,370 (+62.2%), from €29,541 to €47,912
mainly Net result for the year (+€110,231) and Depreciation (+€34,031)
- Tangible fixed assets -€9,031
down €9,031 (-29.4%), from €30,691 to €21,661
of which Furniture and vehicles: -€9,031
- Other debts -€37,035
down €37,035 (-22.0%), from €168,033 to €130,998
- Gross operating margin -€35,830
down €35,830 (-16.8%), from €213,090 to €177,260
- Taxes -€8,927
down €8,927 (-22.3%), from €40,032 to €31,105
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 | €187,613 | €151,098 | -€36,515 | -19.5% |
| Fixed assets | 21/28 | €130,691 | €96,661 | -€34,031 | -26.0% |
| Intangible fixed assets | 21 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Tangible fixed assets | 22/27 | €30,691 | €21,661 | -€9,031 | -29.4% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €30,691 | €21,661 | -€9,031 | -29.4% |
| Current assets | 29/58 | €56,922 | €54,437 | -€2,485 | -4.4% |
| Cash at bank and in hand | 54/58 | €29,541 | €47,912 | +€18,370 | +62.2% |
| Deferred charges and accrued income | 490/1 | €27,381 | €6,526 | -€20,855 | -76.2% |
| Total equity and liabilities | 10/49 | €187,613 | €151,098 | -€36,515 | -19.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €169,013 | €132,498 | -€36,515 | -21.6% |
| Amounts payable within one year | 42/48 | €169,013 | €132,498 | -€36,515 | -21.6% |
| Trade debts | 44 | €500 | - | -€500 | |
| Suppliers | 440/4 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €480 | €1,500 | +€1,020 | +213% |
| Taxes | 450/3 | €480 | €1,500 | +€1,020 | +213% |
| Other amounts payable | 47/48 | €168,033 | €130,998 | -€37,035 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,847 | €34,031 | +€184 | +0.5% |
| Other operating charges | 640/8 | €397 | €377 | -€20 | -5.1% |
| Gross operating margin | 9900 | €213,090 | €177,260 | -€35,830 | -16.8% |
| Operating profit (loss) | 9901 | €178,846 | €142,853 | -€35,993 | -20.1% |
| Financial charges | 65/66B | €1,670 | €1,517 | -€153 | -9.2% |
| Recurring financial charges | 65 | €1,670 | €1,517 | -€153 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €177,176 | €141,336 | -€35,840 | -20.2% |
| Income taxes | 67/77 | €40,032 | €31,105 | -€8,927 | -22.3% |
| Profit (loss) for the period | 9904 | €137,144 | €110,231 | -€26,913 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €137,144 | €110,231 | -€26,913 | -19.6% |
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 21 October 2026 via checked.be.