Florent LAHAYE: 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.
Florent LAHAYE
Largest movements
- Cash +€73,139
up €73,139 (+19.7%), from €371,072 to €444,211
mainly Other debts (+€112,104) and Net result for the year (+€75,295)
- Current investments +€15,000
up €15,000 (+150%), from €10,000 to €25,000
- Tangible fixed assets -€14,690
down €14,690 (-40.1%), from €36,627 to €21,937
- Other debts +€112,104
up €112,104 (+2,899%), from €3,867 to €115,971
- Reserves -€48,578
down €48,578 (-14.5%), from €334,016 to €285,438
of which Distributable reserves: -€43,000
- Tax, wage and social debts +€11,402
up €11,402 (+315%), from €3,615 to €15,017
- Gross operating margin +€24,816
up €24,816 (+27.0%), from €91,823 to €116,639
- Taxes +€8,051
up €8,051 (+34.1%), from €23,615 to €31,666
- Financial income +€3,894
up €3,894 (+68.5%), from €5,687 to €9,581
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 | €417,699 | €491,148 | +€73,449 | +17.6% |
| Fixed assets | 21/28 | €36,627 | €21,937 | -€14,690 | -40.1% |
| Tangible fixed assets | 22/27 | €36,627 | €21,937 | -€14,690 | -40.1% |
| Plant, machinery and equipment | 23 | €8,375 | €4,192 | -€4,183 | -49.9% |
| Furniture and vehicles | 24 | €16,852 | €10,639 | -€6,213 | -36.9% |
| Other tangible fixed assets | 26 | €11,400 | €7,106 | -€4,294 | -37.7% |
| Current assets | 29/58 | €381,072 | €469,211 | +€88,139 | +23.1% |
| Current investments | 50/53 | €10,000 | €25,000 | +€15,000 | +150% |
| Cash at bank and in hand | 54/58 | €371,072 | €444,211 | +€73,139 | +19.7% |
| Total equity and liabilities | 10/49 | €417,699 | €491,148 | +€73,449 | +17.6% |
| Equity | 10/15 | €405,505 | €357,800 | -€47,705 | -11.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €334,016 | €285,438 | -€48,578 | -14.5% |
| Tax-exempt reserves | 132 | €11,156 | €5,578 | -€5,578 | -50.0% |
| Distributable reserves | 133 | €322,860 | €279,860 | -€43,000 | -13.3% |
| Profit (loss) carried forward | 14 | €59,089 | €59,962 | +€873 | +1.5% |
| Provisions and deferred taxes | 16 | €3,719 | €1,859 | -€1,860 | -50.0% |
| Deferred taxes | 168 | €3,719 | €1,859 | -€1,860 | -50.0% |
| Amounts payable | 17/49 | €8,475 | €131,489 | +€123,014 | +1,451% |
| Amounts payable within one year | 42/48 | €8,475 | €131,489 | +€123,014 | +1,451% |
| Trade debts | 44 | €993 | €501 | -€492 | -49.5% |
| Suppliers | 440/4 | €993 | €501 | -€492 | -49.5% |
| Taxes, remuneration and social security | 45 | €3,615 | €15,017 | +€11,402 | +315% |
| Taxes | 450/3 | €3,615 | €15,017 | +€11,402 | +315% |
| Other amounts payable | 47/48 | €3,867 | €115,971 | +€112,104 | +2,899% |
| Remuneration, social security and pensions | 62 | - | €1,152 | +€1,152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,490 | €17,890 | -€600 | -3.2% |
| Other operating charges | 640/8 | €1,184 | €1,432 | +€248 | +20.9% |
| Gross operating margin | 9900 | €91,823 | €116,639 | +€24,816 | +27.0% |
| Operating profit (loss) | 9901 | €72,149 | €96,165 | +€24,016 | +33.3% |
| Financial income | 75/76B | €5,687 | €9,581 | +€3,894 | +68.5% |
| Recurring financial income | 75 | €5,687 | €9,581 | +€3,894 | +68.5% |
| Financial charges | 65/66B | €632 | €644 | +€12 | +1.9% |
| Recurring financial charges | 65 | €632 | €644 | +€12 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €77,204 | €105,102 | +€27,898 | +36.1% |
| Transfer from deferred taxes | 780 | €1,859 | €1,859 | = | 0.0% |
| Income taxes | 67/77 | €23,615 | €31,666 | +€8,051 | +34.1% |
| Profit (loss) for the period | 9904 | €55,448 | €75,295 | +€19,847 | +35.8% |
| Transfer from tax-exempt reserves | 789 | €5,578 | €5,578 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,026 | €80,873 | +€19,847 | +32.5% |
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 29 October 2026 via checked.be.