Dr. Lore Bens: 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. Lore Bens
Largest movements
- Current investments +€183,500
up €183,500 (+147%), from €124,850 to €308,350
- Cash -€51,250
down €51,250 (-53.2%), from €96,260 to €45,009
mainly Contributions, distributions and other (-€205,172) and Current investments (-€183,500)
- Receivables within one year -€39,829
down €39,829 (-84.2%), from €47,288 to €7,459
of which Other amounts receivable: -€42,899
- Receivables after one year -€35,000
no longer reported in 2025 (was €35,000)
- Tangible fixed assets -€13,294
down €13,294 (-14.3%), from €93,238 to €79,944
of which Furniture and vehicles: -€12,589
- Other debts +€205,308
up €205,308 (+25,960%), from €791 to €206,099
- Reserves -€165,511
down €165,511 (-42.7%), from €387,330 to €221,819
- Gross operating margin -€9,660
down €9,660 (-11.5%), from €84,056 to €74,396
- Financial income -€4,242
down €4,242 (-49.0%), from €8,655 to €4,413
- Taxes -€4,226
down €4,226 (-21.0%), from €20,116 to €15,890
- Financial charges +€1,575
up €1,575 (+430%), from €367 to €1,941
- Depreciation +€1,190
up €1,190 (+6.1%), from €19,541 to €20,731
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 | €406,636 | €445,762 | +€39,126 | +9.6% |
| Fixed assets | 21/28 | €93,238 | €79,944 | -€13,294 | -14.3% |
| Tangible fixed assets | 22/27 | €93,238 | €79,944 | -€13,294 | -14.3% |
| Plant, machinery and equipment | 23 | €3,191 | €1,831 | -€1,360 | -42.6% |
| Furniture and vehicles | 24 | €48,872 | €36,283 | -€12,589 | -25.8% |
| Other tangible fixed assets | 26 | €41,175 | €41,830 | +€655 | +1.6% |
| Current assets | 29/58 | €313,398 | €365,819 | +€52,421 | +16.7% |
| Amounts receivable after more than one year | 29 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 291 | €35,000 | - | -€35,000 | |
| Amounts receivable within one year | 40/41 | €47,288 | €7,459 | -€39,829 | -84.2% |
| Trade receivables | 40 | €41 | €3,111 | +€3,070 | +7,423% |
| Other amounts receivable | 41 | €47,247 | €4,348 | -€42,899 | -90.8% |
| Current investments | 50/53 | €124,850 | €308,350 | +€183,500 | +147% |
| Cash at bank and in hand | 54/58 | €96,260 | €45,009 | -€51,250 | -53.2% |
| Deferred charges and accrued income | 490/1 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Total equity and liabilities | 10/49 | €406,636 | €445,762 | +€39,126 | +9.6% |
| Equity | 10/15 | €399,730 | €234,219 | -€165,511 | -41.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €387,330 | €221,819 | -€165,511 | -42.7% |
| Distributable reserves | 133 | €387,330 | €221,819 | -€165,511 | -42.7% |
| Amounts payable | 17/49 | €6,906 | €211,544 | +€204,638 | +2,963% |
| Amounts payable within one year | 42/48 | €6,906 | €211,544 | +€204,638 | +2,963% |
| Trade debts | 44 | €865 | €933 | +€68 | +7.9% |
| Suppliers | 440/4 | €865 | €933 | +€68 | +7.9% |
| Taxes, remuneration and social security | 45 | €5,251 | €4,511 | -€739 | -14.1% |
| Taxes | 450/3 | €5,251 | €4,511 | -€739 | -14.1% |
| Other amounts payable | 47/48 | €791 | €206,099 | +€205,308 | +25,960% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,541 | €20,731 | +€1,190 | +6.1% |
| Other operating charges | 640/8 | €182 | €585 | +€404 | +222% |
| Gross operating margin | 9900 | €84,056 | €74,396 | -€9,660 | -11.5% |
| Operating profit (loss) | 9901 | €64,333 | €53,080 | -€11,253 | -17.5% |
| Financial income | 75/76B | €8,655 | €4,413 | -€4,242 | -49.0% |
| Recurring financial income | 75 | €8,655 | €4,413 | -€4,242 | -49.0% |
| Financial charges | 65/66B | €367 | €1,941 | +€1,575 | +430% |
| Recurring financial charges | 65 | €367 | €1,941 | +€1,575 | +430% |
| Profit (loss) for the period before taxes | 9903 | €72,621 | €55,551 | -€17,070 | -23.5% |
| Income taxes | 67/77 | €20,116 | €15,890 | -€4,226 | -21.0% |
| Profit (loss) for the period | 9904 | €52,505 | €39,661 | -€12,844 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,505 | €39,661 | -€12,844 | -24.5% |
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 19 October 2026 via checked.be.