Dr. Lieselot Decock: what changed
Dr. Lieselot Decock
Largest movements
- Receivables within one year +€93,420
up €93,420 (+674%), from €13,859 to €107,279
- Cash +€23,984
up €23,984 (+6.4%), from €377,407 to €401,390
mainly Net result for the year (+€121,256) and Depreciation (+€23,662)
- Tangible fixed assets -€23,662
down €23,662 (-8.2%), from €289,546 to €265,884
of which Other tangible fixed assets: -€16,953
- Deferred charges and accrued income -€9,753
down €9,753 (-85.5%), from €11,402 to €1,649
- Profit (loss) carried forward +€121,256
up €121,256 (+512%), from €23,678 to €144,933
- Other debts -€29,001
down €29,001 (-24.0%), from €120,886 to €91,885
- Debts after one year -€22,632
down €22,632 (-7.7%), from €292,325 to €269,693
- Tax, wage and social debts +€15,300
up €15,300 (+729%), from €2,100 to €17,400
- Gross operating margin +€66,341
up €66,341 (+48.4%), from €137,015 to €203,356
- Taxes +€28,347
up €28,347 (+187%), from €15,186 to €43,533
- Depreciation -€2,433
down €2,433 (-9.3%), from €26,095 to €23,662
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 | €692,214 | €776,202 | +€83,988 | +12.1% |
| Fixed assets | 21/28 | €289,546 | €265,884 | -€23,662 | -8.2% |
| Tangible fixed assets | 22/27 | €289,546 | €265,884 | -€23,662 | -8.2% |
| Plant, machinery and equipment | 23 | €17,839 | €12,054 | -€5,785 | -32.4% |
| Furniture and vehicles | 24 | €2,178 | €1,253 | -€924 | -42.4% |
| Other tangible fixed assets | 26 | €269,530 | €252,577 | -€16,953 | -6.3% |
| Current assets | 29/58 | €402,668 | €510,318 | +€107,650 | +26.7% |
| Amounts receivable within one year | 40/41 | €13,859 | €107,279 | +€93,420 | +674% |
| Other amounts receivable | 41 | €13,859 | €107,279 | +€93,420 | +674% |
| Cash at bank and in hand | 54/58 | €377,407 | €401,390 | +€23,984 | +6.4% |
| Deferred charges and accrued income | 490/1 | €11,402 | €1,649 | -€9,753 | -85.5% |
| Total equity and liabilities | 10/49 | €692,214 | €776,202 | +€83,988 | +12.1% |
| Equity | 10/15 | €242,278 | €363,533 | +€121,256 | +50.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,678 | €144,933 | +€121,256 | +512% |
| Amounts payable | 17/49 | €449,936 | €412,669 | -€37,267 | -8.3% |
| Amounts payable after more than one year | 17 | €292,325 | €269,693 | -€22,632 | -7.7% |
| Financial debts | 170/4 | €292,325 | €269,693 | -€22,632 | -7.7% |
| Amounts payable within one year | 42/48 | €150,130 | €136,334 | -€13,796 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €22,632 | €22,632 | = | 0.0% |
| Trade debts | 44 | €4,513 | €4,417 | -€95 | -2.1% |
| Suppliers | 440/4 | €4,513 | €4,417 | -€95 | -2.1% |
| Taxes, remuneration and social security | 45 | €2,100 | €17,400 | +€15,300 | +729% |
| Taxes | 450/3 | €2,100 | €17,400 | +€15,300 | +729% |
| Other amounts payable | 47/48 | €120,886 | €91,885 | -€29,001 | -24.0% |
| Accrued charges and deferred income | 492/3 | €7,481 | €6,642 | -€839 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,095 | €23,662 | -€2,433 | -9.3% |
| Other operating charges | 640/8 | €2,797 | €2,864 | +€66 | +2.4% |
| Gross operating margin | 9900 | €137,015 | €203,356 | +€66,341 | +48.4% |
| Operating profit (loss) | 9901 | €108,123 | €176,831 | +€68,708 | +63.5% |
| Financial income | 75/76B | €498 | €508 | +€10 | +2.0% |
| Recurring financial income | 75 | €498 | €508 | +€10 | +2.0% |
| Financial charges | 65/66B | €13,710 | €12,550 | -€1,160 | -8.5% |
| Recurring financial charges | 65 | €13,710 | €12,550 | -€1,160 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €94,911 | €164,789 | +€69,878 | +73.6% |
| Income taxes | 67/77 | €15,186 | €43,533 | +€28,347 | +187% |
| Profit (loss) for the period | 9904 | €79,725 | €121,256 | +€41,530 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,725 | €121,256 | +€41,530 | +52.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.