IAN LESSER: 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.
IAN LESSER
Largest movements
- Cash -€95,967
down €95,967 (-92.6%), from €103,684 to €7,718
mainly Other debts (-€87,150) and Receivables within one year (-€85,115)
- Receivables within one year +€85,115
up €85,115 (+77.3%), from €110,050 to €195,165
of which Other amounts receivable: +€108,051
- Deferred charges and accrued income -€2,317
down €2,317 (-36.5%), from €6,349 to €4,032
- Profit (loss) carried forward +€94,209
up €94,209 (+163%), from €57,743 to €151,952
- Other debts -€87,150
no longer reported in 2025 (was €87,150)
- Tax, wage and social debts -€20,637
down €20,637 (-29.3%), from €70,499 to €49,862
- Gross operating margin -€111,777
down €111,777 (-48.0%), from €232,864 to €121,087
- Taxes -€27,639
down €27,639 (-50.8%), from €54,437 to €26,799
- Financial charges +€4,005
up €4,005 (+123%), from €3,247 to €7,252
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 | €221,457 | €207,814 | -€13,644 | -6.2% |
| Fixed assets | 21/28 | €1,374 | €899 | -€475 | -34.6% |
| Tangible fixed assets | 22/27 | €1,374 | €899 | -€475 | -34.6% |
| Plant, machinery and equipment | 23 | €1,374 | €899 | -€475 | -34.6% |
| Current assets | 29/58 | €220,083 | €206,915 | -€13,169 | -6.0% |
| Amounts receivable within one year | 40/41 | €110,050 | €195,165 | +€85,115 | +77.3% |
| Trade receivables | 40 | €22,937 | - | -€22,937 | |
| Other amounts receivable | 41 | €87,114 | €195,165 | +€108,051 | +124% |
| Cash at bank and in hand | 54/58 | €103,684 | €7,718 | -€95,967 | -92.6% |
| Deferred charges and accrued income | 490/1 | €6,349 | €4,032 | -€2,317 | -36.5% |
| Total equity and liabilities | 10/49 | €221,457 | €207,814 | -€13,644 | -6.2% |
| Equity | 10/15 | €62,743 | €156,952 | +€94,209 | +150% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,743 | €151,952 | +€94,209 | +163% |
| Amounts payable | 17/49 | €158,714 | €50,862 | -€107,852 | -68.0% |
| Amounts payable within one year | 42/48 | €158,714 | €50,862 | -€107,852 | -68.0% |
| Trade debts | 44 | €1,066 | €1,000 | -€66 | -6.2% |
| Suppliers | 440/4 | €1,066 | €1,000 | -€66 | -6.2% |
| Taxes, remuneration and social security | 45 | €70,499 | €49,862 | -€20,637 | -29.3% |
| Taxes | 450/3 | €70,499 | €49,862 | -€20,637 | -29.3% |
| Other amounts payable | 47/48 | €87,150 | - | -€87,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51 | €475 | +€424 | +836% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €232,864 | €121,087 | -€111,777 | -48.0% |
| Operating profit (loss) | 9901 | €232,763 | €120,612 | -€112,151 | -48.2% |
| Financial income | 75/76B | €7,165 | €7,648 | +€483 | +6.7% |
| Recurring financial income | 75 | €7,165 | €7,648 | +€483 | +6.7% |
| Financial charges | 65/66B | €3,247 | €7,252 | +€4,005 | +123% |
| Recurring financial charges | 65 | €3,247 | €7,252 | +€4,005 | +123% |
| Profit (loss) for the period before taxes | 9903 | €236,681 | €121,008 | -€115,673 | -48.9% |
| Income taxes | 67/77 | €54,437 | €26,799 | -€27,639 | -50.8% |
| Profit (loss) for the period | 9904 | €182,243 | €94,209 | -€88,035 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €182,243 | €94,209 | -€88,035 | -48.3% |
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 18 October 2026 via checked.be.