Etienne LANGE: 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.
Etienne LANGE
Largest movements
- Tangible fixed assets -€40,469
down €40,469 (-11.5%), from €351,829 to €311,360
of which Land and buildings: -€26,293
- Cash -€19,110
down €19,110 (-55.7%), from €34,325 to €15,215
mainly Provisions (-€150,000) and Debts after one year (-€13,555)
- Provisions -€150,000
down €150,000 (-100%), from €150,000 to €0
- Other debts +€106,304
up €106,304 (+53.6%), from €198,413 to €304,717
- Profit (loss) carried forward -€21,663
down €21,663 (-7.9%), from -€274,267 to -€295,930
- Debts after one year -€13,555
down €13,555 (-16.4%), from €82,599 to €69,044
- Revaluation surpluses +€10,238
new in 2025: €10,238
- Gross operating margin -€13,929
down €13,929 (-23.5%), from €59,379 to €45,450
- Other operating charges -€4,824
down €4,824 (-71.6%), from €6,737 to €1,913
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 | €396,973 | €337,395 | -€59,579 | -15.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €362,649 | €322,180 | -€40,469 | -11.2% |
| Tangible fixed assets | 22/27 | €351,829 | €311,360 | -€40,469 | -11.5% |
| Land and buildings | 22 | €253,682 | €227,389 | -€26,293 | -10.4% |
| Plant, machinery and equipment | 23 | €3,331 | €2,867 | -€464 | -13.9% |
| Furniture and vehicles | 24 | €0 | €3,013 | +€3,013 | |
| Other tangible fixed assets | 26 | €94,815 | €78,090 | -€16,725 | -17.6% |
| Financial fixed assets | 28 | €10,820 | €10,820 | = | 0.0% |
| Current assets | 29/58 | €34,325 | €15,215 | -€19,110 | -55.7% |
| Cash at bank and in hand | 54/58 | €34,325 | €15,215 | -€19,110 | -55.7% |
| Total equity and liabilities | 10/49 | €396,973 | €337,395 | -€59,579 | -15.0% |
| Equity | 10/15 | -€48,055 | -€51,238 | -€3,183 | -6.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €10,238 | +€10,238 | |
| Reserves | 13 | €126,212 | €134,454 | +€8,242 | +6.5% |
| Non-distributable reserves | 130/1 | €3,223 | €127,973 | +€124,751 | +3,871% |
| Legal reserve | 130 | €3,223 | €3,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €124,751 | +€124,751 | |
| Tax-exempt reserves | 132 | €11,097 | €6,480 | -€4,617 | -41.6% |
| Distributable reserves | 133 | €111,892 | - | -€111,892 | |
| Profit (loss) carried forward | 14 | -€274,267 | -€295,930 | -€21,663 | -7.9% |
| Provisions and deferred taxes | 16 | €150,000 | €0 | -€150,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €150,000 | €0 | -€150,000 | -100% |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Other liabilities and charges | 164/5 | €150,000 | - | -€150,000 | |
| Amounts payable | 17/49 | €295,028 | €388,633 | +€93,604 | +31.7% |
| Amounts payable after more than one year | 17 | €82,599 | €69,044 | -€13,555 | -16.4% |
| Financial debts | 170/4 | €82,599 | €69,044 | -€13,555 | -16.4% |
| Amounts payable within one year | 42/48 | €212,429 | €319,589 | +€107,160 | +50.4% |
| Current portion of amounts payable after more than one year | 42 | €13,277 | €13,555 | +€279 | +2.1% |
| Trade debts | 44 | - | €962 | +€962 | |
| Suppliers | 440/4 | - | €962 | +€962 | |
| Taxes, remuneration and social security | 45 | €739 | €354 | -€385 | -52.1% |
| Taxes | 450/3 | €739 | €354 | -€385 | -52.1% |
| Other amounts payable | 47/48 | €198,413 | €304,717 | +€106,304 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,905 | €44,007 | +€102 | +0.2% |
| Other operating charges | 640/8 | €6,737 | €1,913 | -€4,824 | -71.6% |
| Gross operating margin | 9900 | €59,379 | €45,450 | -€13,929 | -23.5% |
| Operating profit (loss) | 9901 | €8,738 | -€469 | -€9,207 | |
| Financial charges | 65/66B | €2,454 | €2,157 | -€298 | -12.1% |
| Recurring financial charges | 65 | €2,454 | €2,157 | -€298 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €6,283 | -€2,626 | -€8,909 | |
| Income taxes | 67/77 | €413 | €557 | +€143 | +34.7% |
| Profit (loss) for the period | 9904 | €5,870 | -€3,183 | -€9,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,870 | -€3,183 | -€9,052 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.