DR. SYLVIE LATOUR: what changed
DR. SYLVIE LATOUR
Largest movements
- Tangible fixed assets -€17,698
down €17,698 (-25.0%), from €70,727 to €53,029
- Cash -€15,024
down €15,024 (-12.5%), from €119,968 to €104,944
mainly Net result for the year (-€35,258) and Contributions, distributions and other (-€25,000)
- Receivables within one year -€12,659
down €12,659 (-34.7%), from €36,499 to €23,840
of which Other amounts receivable: -€11,503
- Reserves -€60,258
down €60,258 (-29.2%), from €206,259 to €146,000
- Other debts +€19,274
up €19,274 (+641%), from €3,008 to €22,282
- Debts after one year -€5,666
down €5,666 (-43.4%), from €13,068 to €7,402
- Gross operating margin -€46,459
down €46,459, from €31,672 to -€14,788
- Taxes -€3,531
down €3,531 (-96.4%), from €3,663 to €132
- Financial income -€1,832
down €1,832 (-85.1%), from €2,152 to €320
of which Non-recurring financial income: -€1,800
- Depreciation -€711
down €711 (-3.9%), from €18,409 to €17,698
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 | €255,621 | €210,259 | -€45,362 | -17.7% |
| Fixed assets | 21/28 | €70,727 | €53,029 | -€17,698 | -25.0% |
| Tangible fixed assets | 22/27 | €70,727 | €53,029 | -€17,698 | -25.0% |
| Land and buildings | 22 | €58,712 | €50,791 | -€7,921 | -13.5% |
| Furniture and vehicles | 24 | €3,472 | €2,237 | -€1,235 | -35.6% |
| Leasing and similar rights | 25 | €8,543 | - | -€8,543 | |
| Current assets | 29/58 | €184,894 | €157,230 | -€27,664 | -15.0% |
| Amounts receivable within one year | 40/41 | €36,499 | €23,840 | -€12,659 | -34.7% |
| Trade receivables | 40 | €1,156 | - | -€1,156 | |
| Other amounts receivable | 41 | €35,343 | €23,840 | -€11,503 | -32.5% |
| Current investments | 50/53 | €26,122 | €26,229 | +€107 | +0.4% |
| Cash at bank and in hand | 54/58 | €119,968 | €104,944 | -€15,024 | -12.5% |
| Deferred charges and accrued income | 490/1 | €2,305 | €2,218 | -€88 | -3.8% |
| Total equity and liabilities | 10/49 | €255,621 | €210,259 | -€45,362 | -17.7% |
| Equity | 10/15 | €224,859 | €164,600 | -€60,258 | -26.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €206,259 | €146,000 | -€60,258 | -29.2% |
| Distributable reserves | 133 | €206,259 | €146,000 | -€60,258 | -29.2% |
| Amounts payable | 17/49 | €30,762 | €45,658 | +€14,897 | +48.4% |
| Amounts payable after more than one year | 17 | €13,068 | €7,402 | -€5,666 | -43.4% |
| Financial debts | 170/4 | €13,068 | €7,402 | -€5,666 | -43.4% |
| Amounts payable within one year | 42/48 | €15,534 | €36,507 | +€20,973 | +135% |
| Current portion of amounts payable after more than one year | 42 | €6,050 | €5,666 | -€384 | -6.3% |
| Trade debts | 44 | €3,606 | €4,808 | +€1,202 | +33.3% |
| Suppliers | 440/4 | €3,606 | €4,808 | +€1,202 | +33.3% |
| Taxes, remuneration and social security | 45 | €2,869 | €3,750 | +€881 | +30.7% |
| Taxes | 450/3 | €90 | €3,750 | +€3,660 | +4,069% |
| Remuneration and social security | 454/9 | €2,779 | - | -€2,779 | |
| Other amounts payable | 47/48 | €3,008 | €22,282 | +€19,274 | +641% |
| Accrued charges and deferred income | 492/3 | €2,160 | €1,750 | -€410 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,409 | €17,698 | -€711 | -3.9% |
| Other operating charges | 640/8 | €1,692 | €1,857 | +€166 | +9.8% |
| Gross operating margin | 9900 | €31,672 | -€14,788 | -€46,459 | |
| Operating profit (loss) | 9901 | €11,571 | -€34,343 | -€45,914 | |
| Financial income | 75/76B | €2,152 | €320 | -€1,832 | -85.1% |
| Recurring financial income | 75 | €352 | €320 | -€32 | -9.0% |
| Non-recurring financial income | 76B | €1,800 | - | -€1,800 | |
| Financial charges | 65/66B | €1,338 | €1,103 | -€235 | -17.5% |
| Recurring financial charges | 65 | €1,338 | €1,103 | -€235 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €12,384 | -€35,126 | -€47,510 | |
| Income taxes | 67/77 | €3,663 | €132 | -€3,531 | -96.4% |
| Profit (loss) for the period | 9904 | €8,721 | -€35,258 | -€43,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,721 | -€35,258 | -€43,980 |
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 4 November 2026 via checked.be.