Dr. Lynn De Roeck: 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. Lynn De Roeck
Largest movements
- Cash -€296,683
down €296,683 (-32.2%), from €921,043 to €624,360
mainly Contributions, distributions and other (-€809,412) and Receivables within one year (-€70,477)
- Receivables within one year +€70,477
new in 2025: €70,477
of which Other amounts receivable: +€57,538
- Tangible fixed assets +€33,993
up €33,993 (+1,667%), from €2,039 to €36,031
- Profit (loss) carried forward -€157,313
down €157,313 (-19.4%), from €810,069 to €652,756
- Tax, wage and social debts -€36,268
no longer reported in 2025 (was €36,268)
- Gross operating margin -€205,996
down €205,996 (-19.1%), from €1.1m to €874,808
- Taxes -€53,806
down €53,806 (-20.2%), from €266,268 to €212,462
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 | €923,082 | €731,106 | -€191,976 | -20.8% |
| Fixed assets | 21/28 | €2,039 | €36,031 | +€33,993 | +1,667% |
| Tangible fixed assets | 22/27 | €2,039 | €36,031 | +€33,993 | +1,667% |
| Plant, machinery and equipment | 23 | €2,039 | €36,031 | +€33,993 | +1,667% |
| Current assets | 29/58 | €921,043 | €695,075 | -€225,968 | -24.5% |
| Amounts receivable within one year | 40/41 | - | €70,477 | +€70,477 | |
| Trade receivables | 40 | - | €12,939 | +€12,939 | |
| Other amounts receivable | 41 | - | €57,538 | +€57,538 | |
| Cash at bank and in hand | 54/58 | €921,043 | €624,360 | -€296,683 | -32.2% |
| Deferred charges and accrued income | 490/1 | - | €238 | +€238 | |
| Total equity and liabilities | 10/49 | €923,082 | €731,106 | -€191,976 | -20.8% |
| Equity | 10/15 | €880,819 | €723,507 | -€157,313 | -17.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €68,251 | €68,251 | = | 0.0% |
| Distributable reserves | 133 | €68,251 | €68,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | €810,069 | €652,756 | -€157,313 | -19.4% |
| Amounts payable | 17/49 | €42,263 | €7,600 | -€34,663 | -82.0% |
| Amounts payable within one year | 42/48 | €42,263 | €6,543 | -€35,720 | -84.5% |
| Trade debts | 44 | €678 | - | -€678 | |
| Suppliers | 440/4 | €678 | - | -€678 | |
| Taxes, remuneration and social security | 45 | €36,268 | - | -€36,268 | |
| Taxes | 450/3 | €36,268 | - | -€36,268 | |
| Other amounts payable | 47/48 | €5,317 | €6,543 | +€1,226 | +23.1% |
| Accrued charges and deferred income | 492/3 | - | €1,057 | +€1,057 | |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €2,934 | €4,011 | +€1,077 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €4,596 | +€4,388 | +2,109% |
| Other operating charges | 640/8 | €1,190 | €1,473 | +€283 | +23.8% |
| Gross operating margin | 9900 | €1,080,804 | €874,808 | -€205,996 | -19.1% |
| Operating profit (loss) | 9901 | €1,076,472 | €864,727 | -€211,744 | -19.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €167 | +€32 | +23.3% |
| Recurring financial charges | 65 | €135 | €167 | +€32 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €1,076,337 | €864,561 | -€211,775 | -19.7% |
| Income taxes | 67/77 | €266,268 | €212,462 | -€53,806 | -20.2% |
| Profit (loss) for the period | 9904 | €810,069 | €652,099 | -€157,969 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €810,069 | €652,099 | -€157,969 | -19.5% |
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 29 October 2026 via checked.be.