Dr Lekeux: 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 Lekeux
Largest movements
- Tangible fixed assets +€13,168
up €13,168 (+345%), from €3,815 to €16,982
- Receivables within one year +€3,725
up €3,725 (+420%), from €887 to €4,612
of which Other amounts receivable: +€4,269
- Deferred charges and accrued income -€2,838
down €2,838 (-37.9%), from €7,492 to €4,655
- Other debts +€11,136
up €11,136 (+2,784%), from €400 to €11,536
- Reserves +€2,263
up €2,263 (+4.7%), from €48,176 to €50,439
- Tax, wage and social debts +€1,250
up €1,250 (+125%), from €1,000 to €2,250
- Gross operating margin -€12,902
down €12,902 (-40.4%), from €31,957 to €19,055
- Taxes -€3,421
down €3,421 (-68.5%), from €4,992 to €1,571
- Staff costs -€3,270
down €3,270 (-22.6%), from €14,454 to €11,185
- Depreciation +€2,212
up €2,212 (+171%), from €1,295 to €3,507
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 | €55,410 | €69,224 | +€13,814 | +24.9% |
| Fixed assets | 21/28 | €3,815 | €16,982 | +€13,168 | +345% |
| Tangible fixed assets | 22/27 | €3,815 | €16,982 | +€13,168 | +345% |
| Furniture and vehicles | 24 | €3,815 | €16,982 | +€13,168 | +345% |
| Current assets | 29/58 | €51,595 | €52,242 | +€647 | +1.3% |
| Amounts receivable within one year | 40/41 | €887 | €4,612 | +€3,725 | +420% |
| Trade receivables | 40 | €544 | - | -€544 | |
| Other amounts receivable | 41 | €343 | €4,612 | +€4,269 | +1,243% |
| Cash at bank and in hand | 54/58 | €43,216 | €42,976 | -€240 | -0.6% |
| Deferred charges and accrued income | 490/1 | €7,492 | €4,655 | -€2,838 | -37.9% |
| Total equity and liabilities | 10/49 | €55,410 | €69,224 | +€13,814 | +24.9% |
| Equity | 10/15 | €53,176 | €55,439 | +€2,263 | +4.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,176 | €50,439 | +€2,263 | +4.7% |
| Distributable reserves | 133 | €48,176 | €50,439 | +€2,263 | +4.7% |
| Amounts payable | 17/49 | €2,234 | €13,786 | +€11,551 | +517% |
| Amounts payable within one year | 42/48 | €1,973 | €13,786 | +€11,813 | +599% |
| Trade debts | 44 | €573 | - | -€573 | |
| Suppliers | 440/4 | €573 | - | -€573 | |
| Taxes, remuneration and social security | 45 | €1,000 | €2,250 | +€1,250 | +125% |
| Taxes | 450/3 | €1,000 | €2,250 | +€1,250 | +125% |
| Other amounts payable | 47/48 | €400 | €11,536 | +€11,136 | +2,784% |
| Accrued charges and deferred income | 492/3 | €261 | - | -€261 | |
| Remuneration, social security and pensions | 62 | €14,454 | €11,185 | -€3,270 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €3,507 | +€2,212 | +171% |
| Other operating charges | 640/8 | €285 | €352 | +€67 | +23.4% |
| Gross operating margin | 9900 | €31,957 | €19,055 | -€12,902 | -40.4% |
| Operating profit (loss) | 9901 | €15,922 | €4,011 | -€11,911 | -74.8% |
| Financial charges | 65/66B | €205 | €176 | -€28 | -13.8% |
| Recurring financial charges | 65 | €205 | €176 | -€28 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €15,718 | €3,834 | -€11,883 | -75.6% |
| Income taxes | 67/77 | €4,992 | €1,571 | -€3,421 | -68.5% |
| Profit (loss) for the period | 9904 | €10,725 | €2,263 | -€8,462 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,725 | €2,263 | -€8,462 | -78.9% |
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 24 October 2026 via checked.be.