DR.V.LAEREMANS: 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.V.LAEREMANS
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€106,006
up €106,006 (+29.4%), from €360,825 to €466,831
mainly Current investments (+€200,000) and Net result for the year (+€157,679)
- Tangible fixed assets +€54,302
up €54,302 (+37.1%), from €146,334 to €200,636
of which Furniture and vehicles: +€53,836
- Reserves -€42,777
down €42,777 (-6.0%), from €715,748 to €672,971
- Gross operating margin +€22,515
up €22,515 (+10.1%), from €223,700 to €246,215
- Depreciation +€10,540
up €10,540 (+71.9%), from €14,665 to €25,205
- Financial income +€3,142
up €3,142 (+3,928,063%), from €0 to €3,143
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 | €773,249 | €729,399 | -€43,850 | -5.7% |
| Fixed assets | 21/28 | €146,334 | €200,636 | +€54,302 | +37.1% |
| Tangible fixed assets | 22/27 | €146,334 | €200,636 | +€54,302 | +37.1% |
| Land and buildings | 22 | €124,338 | €113,139 | -€11,199 | -9.0% |
| Plant, machinery and equipment | 23 | €3,699 | €16,247 | +€12,548 | +339% |
| Furniture and vehicles | 24 | €8,589 | €62,425 | +€53,836 | +627% |
| Other tangible fixed assets | 26 | €9,707 | €8,825 | -€882 | -9.1% |
| Current assets | 29/58 | €626,915 | €528,763 | -€98,152 | -15.7% |
| Amounts receivable within one year | 40/41 | €32,833 | €28,602 | -€4,231 | -12.9% |
| Trade receivables | 40 | €32,833 | €28,602 | -€4,231 | -12.9% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €360,825 | €466,831 | +€106,006 | +29.4% |
| Deferred charges and accrued income | 490/1 | €33,257 | €33,330 | +€73 | +0.2% |
| Total equity and liabilities | 10/49 | €773,249 | €729,399 | -€43,850 | -5.7% |
| Equity | 10/15 | €743,321 | €700,544 | -€42,777 | -5.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €715,748 | €672,971 | -€42,777 | -6.0% |
| Distributable reserves | 133 | €715,748 | €672,971 | -€42,777 | -6.0% |
| Profit (loss) carried forward | 14 | €13,313 | €13,313 | = | 0.0% |
| Amounts payable | 17/49 | €29,928 | €28,856 | -€1,073 | -3.6% |
| Amounts payable after more than one year | 17 | €4,500 | €3,000 | -€1,500 | -33.3% |
| Financial debts | 170/4 | €4,500 | €3,000 | -€1,500 | -33.3% |
| Amounts payable within one year | 42/48 | €25,428 | €25,856 | +€427 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | €1,500 | = | 0.0% |
| Trade debts | 44 | €2,120 | €2,165 | +€45 | +2.1% |
| Suppliers | 440/4 | €2,120 | €2,165 | +€45 | +2.1% |
| Taxes, remuneration and social security | 45 | €7,319 | €6,098 | -€1,222 | -16.7% |
| Taxes | 450/3 | €7,319 | €6,098 | -€1,222 | -16.7% |
| Other amounts payable | 47/48 | €14,489 | €16,093 | +€1,604 | +11.1% |
| Non-recurring operating income | 76A | - | €17,250 | +€17,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,665 | €25,205 | +€10,540 | +71.9% |
| Other operating charges | 640/8 | €1,204 | €921 | -€283 | -23.5% |
| Gross operating margin | 9900 | €223,700 | €246,215 | +€22,515 | +10.1% |
| Operating profit (loss) | 9901 | €207,831 | €220,090 | +€12,258 | +5.9% |
| Financial income | 75/76B | €0 | €3,143 | +€3,142 | +3,928,063% |
| Recurring financial income | 75 | €0 | €3,143 | +€3,142 | +3,928,063% |
| Financial charges | 65/66B | €296 | €308 | +€11 | +3.8% |
| Recurring financial charges | 65 | €296 | €308 | +€11 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €207,535 | €222,924 | +€15,390 | +7.4% |
| Income taxes | 67/77 | €62,883 | €65,245 | +€2,362 | +3.8% |
| Profit (loss) for the period | 9904 | €144,652 | €157,679 | +€13,028 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €144,652 | €157,679 | +€13,028 | +9.0% |
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 30 October 2026 via checked.be.