Françoise LOMBAERS: 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.
Françoise LOMBAERS
Largest movements
- Cash -€30,435
down €30,435 (-91.6%), from €33,212 to €2,777
mainly Net result for the year (-€27,473) and Contributions, distributions and other (-€18,974)
- Current investments +€12,105
up €12,105 (+53.8%), from €22,521 to €34,625
- Receivables within one year -€5,733
down €5,733 (-35.4%), from €16,180 to €10,447
of which Trade receivables: -€10,074
- Tangible fixed assets -€4,939
down €4,939 (-18.4%), from €26,771 to €21,832
of which Other tangible fixed assets: -€2,864
- Receivables after one year -€2,900
down €2,900 (-7.2%), from €40,500 to €37,600
- Profit (loss) carried forward -€27,473
down €27,473 (-32.2%), from €85,434 to €57,961
- Reserves -€18,700
down €18,700 (-82.8%), from €22,589 to €3,889
- Other debts +€14,023
up €14,023 (+233%), from €6,019 to €20,043
- Gross operating margin -€24,983
down €24,983, from €2,497 to -€22,486
- Depreciation -€896
down €896 (-14.3%), from €6,266 to €5,370
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 | €141,639 | €109,187 | -€32,451 | -22.9% |
| Fixed assets | 21/28 | €29,226 | €23,737 | -€5,489 | -18.8% |
| Intangible fixed assets | 21 | €2,436 | €1,886 | -€550 | -22.6% |
| Tangible fixed assets | 22/27 | €26,771 | €21,832 | -€4,939 | -18.4% |
| Furniture and vehicles | 24 | €2,671 | €596 | -€2,075 | -77.7% |
| Other tangible fixed assets | 26 | €24,099 | €21,235 | -€2,864 | -11.9% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €112,413 | €85,450 | -€26,962 | -24.0% |
| Amounts receivable after more than one year | 29 | €40,500 | €37,600 | -€2,900 | -7.2% |
| Other amounts receivable | 291 | €40,500 | €37,600 | -€2,900 | -7.2% |
| Amounts receivable within one year | 40/41 | €16,180 | €10,447 | -€5,733 | -35.4% |
| Trade receivables | 40 | €13,280 | €3,206 | -€10,074 | -75.9% |
| Other amounts receivable | 41 | €2,900 | €7,242 | +€4,342 | +150% |
| Current investments | 50/53 | €22,521 | €34,625 | +€12,105 | +53.8% |
| Cash at bank and in hand | 54/58 | €33,212 | €2,777 | -€30,435 | -91.6% |
| Total equity and liabilities | 10/49 | €141,639 | €109,187 | -€32,451 | -22.9% |
| Equity | 10/15 | €129,637 | €83,190 | -€46,447 | -35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,589 | €3,889 | -€18,700 | -82.8% |
| Distributable reserves | 133 | €22,589 | €3,889 | -€18,700 | -82.8% |
| Profit (loss) carried forward | 14 | €85,434 | €57,961 | -€27,473 | -32.2% |
| Investment grants | 15 | €3,014 | €2,740 | -€274 | -9.1% |
| Amounts payable | 17/49 | €12,002 | €25,998 | +€13,996 | +117% |
| Amounts payable within one year | 42/48 | €12,002 | €25,998 | +€13,996 | +117% |
| Trade debts | 44 | €5,316 | €4,494 | -€822 | -15.5% |
| Suppliers | 440/4 | €5,316 | €4,494 | -€822 | -15.5% |
| Taxes, remuneration and social security | 45 | €667 | €1,461 | +€795 | +119% |
| Taxes | 450/3 | €667 | €1,461 | +€795 | +119% |
| Other amounts payable | 47/48 | €6,019 | €20,043 | +€14,023 | +233% |
| Non-recurring operating income | 76A | €303 | - | -€303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,266 | €5,370 | -€896 | -14.3% |
| Other operating charges | 640/8 | €793 | €828 | +€35 | +4.4% |
| Non-recurring operating charges | 66A | - | €119 | +€119 | |
| Gross operating margin | 9900 | €2,497 | -€22,486 | -€24,983 | |
| Operating profit (loss) | 9901 | -€4,562 | -€28,803 | -€24,240 | -531% |
| Financial income | 75/76B | €1,884 | €1,831 | -€53 | -2.8% |
| Recurring financial income | 75 | €1,884 | €1,831 | -€53 | -2.8% |
| Financial charges | 65/66B | €159 | €365 | +€206 | +130% |
| Recurring financial charges | 65 | €159 | €365 | +€206 | +130% |
| Profit (loss) for the period before taxes | 9903 | -€2,837 | -€27,336 | -€24,499 | -864% |
| Income taxes | 67/77 | €164 | €137 | -€27 | -16.3% |
| Profit (loss) for the period | 9904 | -€3,001 | -€27,473 | -€24,472 | -816% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,001 | -€27,473 | -€24,472 | -816% |
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 27 October 2026 via checked.be.