Dr. Lore Klewais: what changed
Dr. Lore Klewais
Largest movements
- Cash +€24,288
up €24,288 (+20.0%), from €121,570 to €145,859
mainly Net result for the year (+€30,222) and Depreciation (+€5,507)
- Tangible fixed assets -€4,233
down €4,233 (-24.5%), from €17,247 to €13,014
of which Furniture and vehicles: -€2,823
- Deferred charges and accrued income +€3,961
up €3,961 (+321%), from €1,233 to €5,194
- Profit (loss) carried forward +€29,389
up €29,389 (+25.6%), from €114,737 to €144,126
- Tax, wage and social debts -€7,447
down €7,447 (-34.7%), from €21,459 to €14,012
of which Taxes: -€7,035
- Gross operating margin -€31,390
down €31,390 (-40.7%), from €77,153 to €45,763
- Taxes -€6,635
down €6,635 (-42.7%), from €15,547 to €8,912
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 | €141,710 | €165,422 | +€23,712 | +16.7% |
| Fixed assets | 21/28 | €17,247 | €13,014 | -€4,233 | -24.5% |
| Tangible fixed assets | 22/27 | €17,247 | €13,014 | -€4,233 | -24.5% |
| Plant, machinery and equipment | 23 | €3,905 | €2,495 | -€1,410 | -36.1% |
| Furniture and vehicles | 24 | €13,342 | €10,519 | -€2,823 | -21.2% |
| Current assets | 29/58 | €124,463 | €152,408 | +€27,946 | +22.5% |
| Amounts receivable within one year | 40/41 | €1,660 | €1,356 | -€304 | -18.3% |
| Trade receivables | 40 | €1,660 | €1,356 | -€304 | -18.3% |
| Cash at bank and in hand | 54/58 | €121,570 | €145,859 | +€24,288 | +20.0% |
| Deferred charges and accrued income | 490/1 | €1,233 | €5,194 | +€3,961 | +321% |
| Total equity and liabilities | 10/49 | €141,710 | €165,422 | +€23,712 | +16.7% |
| Equity | 10/15 | €116,737 | €146,126 | +€29,389 | +25.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,737 | €144,126 | +€29,389 | +25.6% |
| Amounts payable | 17/49 | €24,973 | €19,296 | -€5,676 | -22.7% |
| Amounts payable after more than one year | 17 | €2,931 | €4,452 | +€1,521 | +51.9% |
| Other amounts payable | 178/9 | €2,931 | €4,452 | +€1,521 | +51.9% |
| Amounts payable within one year | 42/48 | €22,042 | €14,845 | -€7,197 | -32.7% |
| Taxes, remuneration and social security | 45 | €21,459 | €14,012 | -€7,447 | -34.7% |
| Taxes | 450/3 | €21,047 | €14,012 | -€7,035 | -33.4% |
| Remuneration and social security | 454/9 | €412 | - | -€412 | |
| Other amounts payable | 47/48 | €583 | €833 | +€250 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,813 | €5,507 | +€694 | +14.4% |
| Other operating charges | 640/8 | €687 | €980 | +€293 | +42.6% |
| Gross operating margin | 9900 | €77,153 | €45,763 | -€31,390 | -40.7% |
| Operating profit (loss) | 9901 | €71,652 | €39,276 | -€32,376 | -45.2% |
| Financial charges | 65/66B | €146 | €142 | -€3 | -2.3% |
| Recurring financial charges | 65 | €146 | €142 | -€3 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €71,507 | €39,133 | -€32,373 | -45.3% |
| Income taxes | 67/77 | €15,547 | €8,912 | -€6,635 | -42.7% |
| Profit (loss) for the period | 9904 | €55,960 | €30,222 | -€25,738 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,960 | €30,222 | -€25,738 | -46.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.