GREGOR LANGUS ECON: 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.
GREGOR LANGUS ECON
Largest movements
- Cash +€211,376
up €211,376 (+9.6%), from €2.2m to €2.4m
mainly Other debts (+€1.4m) and Net result for the year (+€878,452)
- Receivables within one year -€79,644
down €79,644 (-65.1%), from €122,405 to €42,761
of which Other amounts receivable: -€79,457
- Other debts +€1.4m
up €1.4m (+751.7%), from €180,006 to €1.5m
- Profit (loss) carried forward -€736,549
down €736,549 (-45.6%), from €1.6m to €878,529
- Accrued charges and deferred income -€500,000
no longer reported in 2025 (was €500,000)
- Tax, wage and social debts +€32,504
up €32,504 (+382.7%), from €8,492 to €40,996
of which Taxes: +€36,218
- Gross operating margin +€521,458
up €521,458 (+83.0%), from €628,495 to €1.1m
- Taxes +€138,969
up €138,969 (+93.2%), from €149,061 to €288,030
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.
Cash bridge derived
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 | €2,325,515 | €2,481,747 | +€156,232 | +6.7% |
| Fixed assets | 21/28 | €1,822 | €25,638 | +€23,816 | +1307.3% |
| Tangible fixed assets | 22/27 | €1,822 | €25,638 | +€23,816 | +1307.3% |
| Furniture and vehicles | 24 | €1,822 | €25,638 | +€23,816 | +1307.3% |
| Current assets | 29/58 | €2,323,693 | €2,456,109 | +€132,416 | +5.7% |
| Amounts receivable within one year | 40/41 | €122,405 | €42,761 | -€79,644 | -65.1% |
| Trade receivables | 40 | €39,512 | €39,325 | -€187 | -0.5% |
| Other amounts receivable | 41 | €82,893 | €3,436 | -€79,457 | -95.9% |
| Cash at bank and in hand | 54/58 | €2,200,538 | €2,411,914 | +€211,376 | +9.6% |
| Deferred charges and accrued income | 490/1 | €750 | €1,434 | +€684 | +91.3% |
| Total equity and liabilities | 10/49 | €2,325,515 | €2,481,747 | +€156,232 | +6.7% |
| Equity | 10/15 | €1,633,678 | €897,129 | -€736,549 | -45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,615,078 | €878,529 | -€736,549 | -45.6% |
| Amounts payable | 17/49 | €691,837 | €1,584,617 | +€892,781 | +129.0% |
| Amounts payable within one year | 42/48 | €191,837 | €1,584,617 | +€1.4m | +726.0% |
| Trade debts | 44 | €3,338 | €10,516 | +€7,178 | +215.0% |
| Suppliers | 440/4 | €3,338 | €10,516 | +€7,178 | +215.0% |
| Taxes, remuneration and social security | 45 | €8,492 | €40,996 | +€32,504 | +382.7% |
| Taxes | 450/3 | €2,827 | €39,045 | +€36,218 | +1281.1% |
| Remuneration and social security | 454/9 | €5,665 | €1,950 | -€3,715 | -65.6% |
| Other amounts payable | 47/48 | €180,006 | €1,533,106 | +€1.4m | +751.7% |
| Accrued charges and deferred income | 492/3 | €500,000 | - | -€500,000 | |
| Remuneration, social security and pensions | 62 | €8,807 | €13,898 | +€5,091 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €2,792 | +€1,840 | +193.4% |
| Other operating charges | 640/8 | €511 | €1,038 | +€527 | +103.1% |
| Gross operating margin | 9900 | €628,495 | €1,149,953 | +€521,458 | +83.0% |
| Operating profit (loss) | 9901 | €618,224 | €1,132,224 | +€513,999 | +83.1% |
| Financial income | 75/76B | €33,824 | €35,901 | +€2,077 | +6.1% |
| Recurring financial income | 75 | €33,824 | €35,901 | +€2,077 | +6.1% |
| Financial charges | 65/66B | €802 | €1,644 | +€843 | +105.1% |
| Recurring financial charges | 65 | €802 | €1,644 | +€843 | +105.1% |
| Profit (loss) for the period before taxes | 9903 | €651,247 | €1,166,481 | +€515,234 | +79.1% |
| Income taxes | 67/77 | €149,061 | €288,030 | +€138,969 | +93.2% |
| Profit (loss) for the period | 9904 | €502,186 | €878,452 | +€376,265 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €502,186 | €878,452 | +€376,265 | +74.9% |
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 11 October 2026 via checked.be.