Lars Piesschaert Functional Training: 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.
Lars Piesschaert Functional Training
Largest movements
- Cash +€11,643
up €11,643 (+129%), from €8,996 to €20,639
mainly Net result for the year (+€17,054) and Deferred charges and accrued income (+€2,383)
- Receivables within one year +€4,655
up €4,655 (+14.4%), from €32,258 to €36,913
of which Other amounts receivable: +€3,337
- Deferred charges and accrued income -€2,383
down €2,383 (-60.1%), from €3,964 to €1,581
- Tangible fixed assets -€889
down €889 (-40.1%), from €2,215 to €1,327
of which Plant, machinery and equipment: -€545
- Reserves +€41,208
new in 2025: €41,208
- Profit (loss) carried forward -€24,154
down €24,154 (-100%), from €24,154 to €0
- Tax, wage and social debts -€4,000
down €4,000 (-30.9%), from €12,933 to €8,934
of which Remuneration and social security: -€2,093
- Trade debts +€1,017
up €1,017 (+262%), from €388 to €1,405
- Debts after one year -€898
down €898 (-13.0%), from €6,913 to €6,015
of which Financial debts: -€6,913
- Gross operating margin -€9,545
down €9,545 (-28.5%), from €33,515 to €23,970
- Taxes -€1,775
down €1,775 (-26.1%), from €6,800 to €5,025
- Financial income +€441
up €441 (+75.7%), from €583 to €1,025
- Depreciation +€438
up €438 (+97.3%), from €450 to €889
- Financial charges -€437
down €437 (-20.4%), from €2,148 to €1,711
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 | €47,434 | €60,460 | +€13,026 | +27.5% |
| Fixed assets | 21/28 | €2,216 | €1,327 | -€889 | -40.1% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -22.2% |
| Tangible fixed assets | 22/27 | €2,215 | €1,327 | -€889 | -40.1% |
| Plant, machinery and equipment | 23 | €1,359 | €814 | -€545 | -40.1% |
| Furniture and vehicles | 24 | €857 | €513 | -€344 | -40.1% |
| Current assets | 29/58 | €45,218 | €59,132 | +€13,915 | +30.8% |
| Amounts receivable within one year | 40/41 | €32,258 | €36,913 | +€4,655 | +14.4% |
| Trade receivables | 40 | €13,351 | €14,668 | +€1,317 | +9.9% |
| Other amounts receivable | 41 | €18,907 | €22,245 | +€3,337 | +17.7% |
| Cash at bank and in hand | 54/58 | €8,996 | €20,639 | +€11,643 | +129% |
| Deferred charges and accrued income | 490/1 | €3,964 | €1,581 | -€2,383 | -60.1% |
| Total equity and liabilities | 10/49 | €47,434 | €60,460 | +€13,026 | +27.5% |
| Equity | 10/15 | €26,154 | €43,208 | +€17,054 | +65.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €41,208 | +€41,208 | |
| Distributable reserves | 133 | - | €41,208 | +€41,208 | |
| Profit (loss) carried forward | 14 | €24,154 | €0 | -€24,154 | -100% |
| Amounts payable | 17/49 | €21,280 | €17,252 | -€4,029 | -18.9% |
| Amounts payable after more than one year | 17 | €6,913 | €6,015 | -€898 | -13.0% |
| Financial debts | 170/4 | €6,913 | €0 | -€6,913 | -100% |
| Other amounts payable | 178/9 | - | €6,015 | +€6,015 | |
| Amounts payable within one year | 42/48 | €14,367 | €11,237 | -€3,130 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €1,046 | €898 | -€148 | -14.1% |
| Trade debts | 44 | €388 | €1,405 | +€1,017 | +262% |
| Suppliers | 440/4 | €388 | €1,405 | +€1,017 | +262% |
| Taxes, remuneration and social security | 45 | €12,933 | €8,934 | -€4,000 | -30.9% |
| Taxes | 450/3 | €10,840 | €8,934 | -€1,907 | -17.6% |
| Remuneration and social security | 454/9 | €2,093 | €0 | -€2,093 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €889 | +€438 | +97.3% |
| Other operating charges | 640/8 | €546 | €316 | -€230 | -42.1% |
| Gross operating margin | 9900 | €33,515 | €23,970 | -€9,545 | -28.5% |
| Operating profit (loss) | 9901 | €32,519 | €22,765 | -€9,754 | -30.0% |
| Financial income | 75/76B | €583 | €1,025 | +€441 | +75.7% |
| Recurring financial income | 75 | €583 | €1,025 | +€441 | +75.7% |
| Financial charges | 65/66B | €2,148 | €1,711 | -€437 | -20.4% |
| Recurring financial charges | 65 | €2,148 | €1,711 | -€437 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €30,954 | €22,079 | -€8,875 | -28.7% |
| Income taxes | 67/77 | €6,800 | €5,025 | -€1,775 | -26.1% |
| Profit (loss) for the period | 9904 | €24,154 | €17,054 | -€7,099 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,154 | €17,054 | -€7,099 | -29.4% |
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 14 October 2026 via checked.be.