DR. LYNN DECOSTER: 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 DECOSTER
Largest movements
- Cash +€183,333
up €183,333 (+41.6%), from €440,989 to €624,322
mainly Net result for the year (+€188,429) and Current investments (+€143,116)
- Current investments -€143,116
down €143,116 (-30.7%), from €466,670 to €323,554
- Tangible fixed assets -€10,959
down €10,959 (-42.3%), from €25,882 to €14,923
- Reserves +€67,438
up €67,438 (+8.4%), from €799,801 to €867,239
- Other debts -€33,080
down €33,080 (-21.5%), from €154,070 to €120,991
- Financial income +€4,659
up €4,659 (+39.6%), from €11,754 to €16,414
- Gross operating margin -€3,074
down €3,074 (-1.1%), from €268,740 to €265,666
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 | €1,041,576 | €1,075,629 | +€34,053 | +3.3% |
| Fixed assets | 21/28 | €25,882 | €14,923 | -€10,959 | -42.3% |
| Tangible fixed assets | 22/27 | €25,882 | €14,923 | -€10,959 | -42.3% |
| Furniture and vehicles | 24 | €25,882 | €14,923 | -€10,959 | -42.3% |
| Current assets | 29/58 | €1,015,694 | €1,060,706 | +€45,012 | +4.4% |
| Amounts receivable within one year | 40/41 | €107,155 | €111,465 | +€4,309 | +4.0% |
| Other amounts receivable | 41 | €107,155 | €111,465 | +€4,309 | +4.0% |
| Current investments | 50/53 | €466,670 | €323,554 | -€143,116 | -30.7% |
| Cash at bank and in hand | 54/58 | €440,989 | €624,322 | +€183,333 | +41.6% |
| Deferred charges and accrued income | 490/1 | €880 | €1,366 | +€486 | +55.2% |
| Total equity and liabilities | 10/49 | €1,041,576 | €1,075,629 | +€34,053 | +3.3% |
| Equity | 10/15 | €855,601 | €923,039 | +€67,438 | +7.9% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €799,801 | €867,239 | +€67,438 | +8.4% |
| Distributable reserves | 133 | €799,801 | €867,239 | +€67,438 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €185,975 | €152,590 | -€33,385 | -18.0% |
| Amounts payable within one year | 42/48 | €185,975 | €152,590 | -€33,385 | -18.0% |
| Trade debts | 44 | - | €125 | +€125 | |
| Suppliers | 440/4 | - | €125 | +€125 | |
| Taxes, remuneration and social security | 45 | €31,904 | €31,475 | -€430 | -1.3% |
| Taxes | 450/3 | €31,904 | €31,475 | -€430 | -1.3% |
| Other amounts payable | 47/48 | €154,070 | €120,991 | -€33,080 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,340 | €10,959 | -€381 | -3.4% |
| Other operating charges | 640/8 | €504 | €518 | +€15 | +2.9% |
| Gross operating margin | 9900 | €268,740 | €265,666 | -€3,074 | -1.1% |
| Operating profit (loss) | 9901 | €256,896 | €254,188 | -€2,707 | -1.1% |
| Financial income | 75/76B | €11,754 | €16,414 | +€4,659 | +39.6% |
| Recurring financial income | 75 | €11,754 | €16,414 | +€4,659 | +39.6% |
| Financial charges | 65/66B | €116 | €246 | +€131 | +113% |
| Recurring financial charges | 65 | €116 | €246 | +€131 | +113% |
| Profit (loss) for the period before taxes | 9903 | €268,535 | €270,356 | +€1,821 | +0.7% |
| Income taxes | 67/77 | €81,235 | €81,927 | +€692 | +0.9% |
| Profit (loss) for the period | 9904 | €187,299 | €188,429 | +€1,129 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €187,299 | €188,429 | +€1,129 | +0.6% |
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.