Dr. Lotte Hendrix: 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. Lotte Hendrix
Largest movements
- Cash -€43,918
down €43,918 (-86.2%), from €50,976 to €7,057
mainly Contributions, distributions and other (-€345,432) and Deferred charges and accrued income (-€9,666)
- Receivables within one year -€13,265
down €13,265 (-100%), from €13,265 to €0
of which Other amounts receivable: -€12,990
- Deferred charges and accrued income +€9,666
up €9,666 (+10.7%), from €90,438 to €100,104
- Profit (loss) carried forward -€153,083
down €153,083 (-100%), from €153,083 to €0
- Other debts +€99,744
up €99,744, from €0 to €99,744
- Tax, wage and social debts +€3,450
up €3,450 (+104%), from €3,310 to €6,760
- Gross operating margin +€54,682
up €54,682 (+27.4%), from €199,871 to €254,553
- Taxes +€13,441
up €13,441 (+29.5%), from €45,515 to €58,956
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 | €158,510 | €109,676 | -€48,834 | -30.8% |
| Fixed assets | 21/28 | €3,831 | €2,514 | -€1,317 | -34.4% |
| Tangible fixed assets | 22/27 | €3,831 | €2,514 | -€1,317 | -34.4% |
| Plant, machinery and equipment | 23 | €121 | €0 | -€121 | -100% |
| Furniture and vehicles | 24 | €3,263 | €2,308 | -€955 | -29.3% |
| Other tangible fixed assets | 26 | €448 | €207 | -€241 | -53.8% |
| Current assets | 29/58 | €154,678 | €107,162 | -€47,517 | -30.7% |
| Amounts receivable within one year | 40/41 | €13,265 | €0 | -€13,265 | -100% |
| Trade receivables | 40 | €275 | €0 | -€275 | -100% |
| Other amounts receivable | 41 | €12,990 | €0 | -€12,990 | -100% |
| Cash at bank and in hand | 54/58 | €50,976 | €7,057 | -€43,918 | -86.2% |
| Deferred charges and accrued income | 490/1 | €90,438 | €100,104 | +€9,666 | +10.7% |
| Total equity and liabilities | 10/49 | €158,510 | €109,676 | -€48,834 | -30.8% |
| Equity | 10/15 | €154,083 | €1,000 | -€153,083 | -99.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,083 | €0 | -€153,083 | -100% |
| Amounts payable | 17/49 | €4,426 | €108,676 | +€104,249 | +2,355% |
| Amounts payable within one year | 42/48 | €3,938 | €108,676 | +€104,738 | +2,660% |
| Trade debts | 44 | €628 | €2,171 | +€1,543 | +246% |
| Suppliers | 440/4 | €628 | €2,171 | +€1,543 | +246% |
| Taxes, remuneration and social security | 45 | €3,310 | €6,760 | +€3,450 | +104% |
| Taxes | 450/3 | €3,310 | €6,760 | +€3,450 | +104% |
| Other amounts payable | 47/48 | €0 | €99,744 | +€99,744 | |
| Accrued charges and deferred income | 492/3 | €488 | €0 | -€488 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €707 | €1,317 | +€610 | +86.2% |
| Other operating charges | 640/8 | €1,084 | €1,557 | +€472 | +43.6% |
| Non-recurring operating charges | 66A | €90 | €0 | -€90 | -100% |
| Gross operating margin | 9900 | €199,871 | €254,553 | +€54,682 | +27.4% |
| Operating profit (loss) | 9901 | €197,990 | €251,679 | +€53,690 | +27.1% |
| Financial income | 75/76B | €818 | €0 | -€818 | -100% |
| Recurring financial income | 75 | €818 | €0 | -€818 | -100% |
| Financial charges | 65/66B | €210 | €376 | +€166 | +79.1% |
| Recurring financial charges | 65 | €210 | €376 | +€166 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €198,598 | €251,304 | +€52,706 | +26.5% |
| Income taxes | 67/77 | €45,515 | €58,956 | +€13,441 | +29.5% |
| Profit (loss) for the period | 9904 | €153,083 | €192,348 | +€39,265 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €153,083 | €192,348 | +€39,265 | +25.6% |
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 15 October 2026 via checked.be.