HENRI LUCETTE: 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.
HENRI LUCETTE
Largest movements
- Cash +€40,249
up €40,249 (+141%), from €28,467 to €68,716
mainly Net result for the year (+€53,510) and Depreciation (+€648)
- Receivables within one year +€5,537
up €5,537 (+45.1%), from €12,277 to €17,814
of which Other amounts receivable: +€5,117
- Tangible fixed assets +€3,485
new in 2025: €3,485
- Reserves +€53,510
up €53,510 (+159%), from €33,613 to €87,123
- Tax, wage and social debts -€4,061
down €4,061 (-100%), from €4,061 to €0
- Gross operating margin +€26,131
up €26,131 (+60.8%), from €42,996 to €69,127
- Taxes +€5,151
up €5,151 (+55.6%), from €9,258 to €14,409
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 | €43,823 | €93,370 | +€49,547 | +113% |
| Fixed assets | 21/28 | - | €3,485 | +€3,485 | |
| Tangible fixed assets | 22/27 | - | €3,485 | +€3,485 | |
| Furniture and vehicles | 24 | - | €3,485 | +€3,485 | |
| Current assets | 29/58 | €43,823 | €89,885 | +€46,062 | +105% |
| Amounts receivable within one year | 40/41 | €12,277 | €17,814 | +€5,537 | +45.1% |
| Trade receivables | 40 | €11,280 | €11,700 | +€420 | +3.7% |
| Other amounts receivable | 41 | €997 | €6,114 | +€5,117 | +513% |
| Cash at bank and in hand | 54/58 | €28,467 | €68,716 | +€40,249 | +141% |
| Deferred charges and accrued income | 490/1 | €3,079 | €3,355 | +€276 | +9.0% |
| Total equity and liabilities | 10/49 | €43,823 | €93,370 | +€49,547 | +113% |
| Equity | 10/15 | €36,613 | €90,123 | +€53,510 | +146% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,613 | €87,123 | +€53,510 | +159% |
| Distributable reserves | 133 | €33,613 | €87,123 | +€53,510 | +159% |
| Amounts payable | 17/49 | €7,210 | €3,247 | -€3,963 | -55.0% |
| Amounts payable within one year | 42/48 | €6,946 | €3,247 | -€3,699 | -53.3% |
| Trade debts | 44 | €1,361 | €1,856 | +€495 | +36.4% |
| Suppliers | 440/4 | €1,361 | €1,856 | +€495 | +36.4% |
| Taxes, remuneration and social security | 45 | €4,061 | €0 | -€4,061 | -100% |
| Taxes | 450/3 | €4,061 | €0 | -€4,061 | -100% |
| Other amounts payable | 47/48 | €1,524 | €1,391 | -€133 | -8.7% |
| Accrued charges and deferred income | 492/3 | €264 | €0 | -€264 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €648 | +€648 | |
| Other operating charges | 640/8 | €118 | €483 | +€365 | +308% |
| Gross operating margin | 9900 | €42,996 | €69,127 | +€26,131 | +60.8% |
| Operating profit (loss) | 9901 | €42,878 | €67,997 | +€25,119 | +58.6% |
| Financial charges | 65/66B | €7 | €78 | +€71 | +1,061% |
| Recurring financial charges | 65 | €7 | €78 | +€71 | +1,061% |
| Profit (loss) for the period before taxes | 9903 | €42,871 | €67,919 | +€25,048 | +58.4% |
| Income taxes | 67/77 | €9,258 | €14,409 | +€5,151 | +55.6% |
| Profit (loss) for the period | 9904 | €33,613 | €53,510 | +€19,897 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,613 | €53,510 | +€19,897 | +59.2% |
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 25 October 2026 via checked.be.