DR. TOM VAN LEEMPUT: 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. TOM VAN LEEMPUT
Largest movements
- Receivables within one year +€61,280
up €61,280 (+30.2%), from €202,667 to €263,947
of which Other amounts receivable: +€71,881
- Cash -€42,069
down €42,069 (-55.0%), from €76,520 to €34,452
mainly Tax, wage and social debts (-€97,964) and Receivables within one year (-€61,280)
- Tangible fixed assets -€13,355
down €13,355 (-86.0%), from €15,538 to €2,183
of which Furniture and vehicles: -€13,914
- Reserves +€108,155
new in 2025: €108,155
- Tax, wage and social debts -€97,964
down €97,964 (-84.8%), from €115,480 to €17,516
- Trade debts -€6,865
down €6,865 (-78.7%), from €8,723 to €1,858
- Gross operating margin -€31,593
down €31,593 (-15.7%), from €201,750 to €170,157
- Depreciation -€4,185
down €4,185 (-22.6%), from €18,532 to €14,347
- Taxes +€3,220
up €3,220 (+7.6%), from €42,148 to €45,368
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 | €294,725 | €300,581 | +€5,856 | +2.0% |
| Fixed assets | 21/28 | €15,538 | €2,183 | -€13,355 | -86.0% |
| Tangible fixed assets | 22/27 | €15,538 | €2,183 | -€13,355 | -86.0% |
| Plant, machinery and equipment | 23 | €701 | €1,260 | +€559 | +79.7% |
| Furniture and vehicles | 24 | €14,837 | €923 | -€13,914 | -93.8% |
| Current assets | 29/58 | €279,187 | €298,398 | +€19,211 | +6.9% |
| Amounts receivable within one year | 40/41 | €202,667 | €263,947 | +€61,280 | +30.2% |
| Trade receivables | 40 | €127,347 | €116,746 | -€10,601 | -8.3% |
| Other amounts receivable | 41 | €75,319 | €147,200 | +€71,881 | +95.4% |
| Cash at bank and in hand | 54/58 | €76,520 | €34,452 | -€42,069 | -55.0% |
| Total equity and liabilities | 10/49 | €294,725 | €300,581 | +€5,856 | +2.0% |
| Equity | 10/15 | €158,380 | €266,534 | +€108,155 | +68.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €108,155 | +€108,155 | |
| Distributable reserves | 133 | - | €108,155 | +€108,155 | |
| Profit (loss) carried forward | 14 | €139,780 | €139,780 | = | 0.0% |
| Amounts payable | 17/49 | €136,345 | €34,047 | -€102,298 | -75.0% |
| Amounts payable within one year | 42/48 | €136,345 | €34,047 | -€102,298 | -75.0% |
| Current portion of amounts payable after more than one year | 42 | €12,142 | €14,672 | +€2,530 | +20.8% |
| Trade debts | 44 | €8,723 | €1,858 | -€6,865 | -78.7% |
| Suppliers | 440/4 | €8,723 | €1,858 | -€6,865 | -78.7% |
| Taxes, remuneration and social security | 45 | €115,480 | €17,516 | -€97,964 | -84.8% |
| Taxes | 450/3 | €115,480 | €17,516 | -€97,964 | -84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,532 | €14,347 | -€4,185 | -22.6% |
| Other operating charges | 640/8 | €505 | €578 | +€72 | +14.3% |
| Gross operating margin | 9900 | €201,750 | €170,157 | -€31,593 | -15.7% |
| Operating profit (loss) | 9901 | €182,712 | €155,232 | -€27,480 | -15.0% |
| Financial charges | 65/66B | €784 | €1,709 | +€925 | +118% |
| Recurring financial charges | 65 | €784 | €1,709 | +€925 | +118% |
| Profit (loss) for the period before taxes | 9903 | €181,928 | €153,523 | -€28,405 | -15.6% |
| Income taxes | 67/77 | €42,148 | €45,368 | +€3,220 | +7.6% |
| Profit (loss) for the period | 9904 | €139,780 | €108,155 | -€31,625 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,780 | €108,155 | -€31,625 | -22.6% |
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 17 October 2026 via checked.be.