INGRID LUYTEN: 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.
INGRID LUYTEN
Largest movements
- Cash +€14,322
up €14,322 (+31.8%), from €45,071 to €59,393
mainly Current investments (+€12,110) and Depreciation (+€11,262)
- Current investments -€12,110
down €12,110 (-49.9%), from €24,260 to €12,150
- Tangible fixed assets -€11,262
down €11,262 (-30.1%), from €37,463 to €26,201
- Deferred charges and accrued income -€3,435
down €3,435 (-72.9%), from €4,710 to €1,275
- Receivables within one year +€1,262
up €1,262 (+304%), from €415 to €1,677
- Reserves -€12,773
down €12,773 (-13.1%), from €97,273 to €84,500
- Other debts +€1,252
up €1,252 (+136%), from €919 to €2,171
- Gross operating margin -€3,481
down €3,481 (-16.2%), from €21,541 to €18,060
- Taxes -€1,361
down €1,361 (-36.5%), from €3,727 to €2,365
- Other operating charges +€499
up €499 (+183%), from €273 to €772
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 | €111,918 | €100,696 | -€11,222 | -10.0% |
| Fixed assets | 21/28 | €37,463 | €26,201 | -€11,262 | -30.1% |
| Tangible fixed assets | 22/27 | €37,463 | €26,201 | -€11,262 | -30.1% |
| Furniture and vehicles | 24 | €37,463 | €26,201 | -€11,262 | -30.1% |
| Current assets | 29/58 | €74,456 | €74,495 | +€39 | +0.1% |
| Amounts receivable within one year | 40/41 | €415 | €1,677 | +€1,262 | +304% |
| Other amounts receivable | 41 | €415 | €1,677 | +€1,262 | +304% |
| Current investments | 50/53 | €24,260 | €12,150 | -€12,110 | -49.9% |
| Cash at bank and in hand | 54/58 | €45,071 | €59,393 | +€14,322 | +31.8% |
| Deferred charges and accrued income | 490/1 | €4,710 | €1,275 | -€3,435 | -72.9% |
| Total equity and liabilities | 10/49 | €111,918 | €100,696 | -€11,222 | -10.0% |
| Equity | 10/15 | €109,673 | €96,900 | -€12,773 | -11.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €97,273 | €84,500 | -€12,773 | -13.1% |
| Distributable reserves | 133 | €97,273 | €84,500 | -€12,773 | -13.1% |
| Amounts payable | 17/49 | €2,246 | €3,796 | +€1,550 | +69.0% |
| Amounts payable within one year | 42/48 | €2,246 | €3,796 | +€1,550 | +69.0% |
| Trade debts | 44 | €721 | €432 | -€289 | -40.0% |
| Suppliers | 440/4 | €721 | €432 | -€289 | -40.0% |
| Taxes, remuneration and social security | 45 | €607 | €1,194 | +€587 | +96.7% |
| Taxes | 450/3 | €607 | €1,194 | +€587 | +96.7% |
| Other amounts payable | 47/48 | €919 | €2,171 | +€1,252 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,348 | €11,262 | -€86 | -0.8% |
| Other operating charges | 640/8 | €273 | €772 | +€499 | +183% |
| Gross operating margin | 9900 | €21,541 | €18,060 | -€3,481 | -16.2% |
| Operating profit (loss) | 9901 | €9,921 | €6,026 | -€3,895 | -39.3% |
| Financial income | 75/76B | €522 | €449 | -€73 | -14.0% |
| Recurring financial income | 75 | €522 | €449 | -€73 | -14.0% |
| Financial charges | 65/66B | €171 | €112 | -€59 | -34.3% |
| Recurring financial charges | 65 | €171 | €112 | -€59 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €10,272 | €6,362 | -€3,909 | -38.1% |
| Income taxes | 67/77 | €3,727 | €2,365 | -€1,361 | -36.5% |
| Profit (loss) for the period | 9904 | €6,545 | €3,997 | -€2,548 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,545 | €3,997 | -€2,548 | -38.9% |
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 26 October 2026 via checked.be.