Lars Vandewiele: what changed
Lars Vandewiele
Largest movements
- Receivables within one year -€12,620
down €12,620 (-43.5%), from €29,015 to €16,394
of which Other amounts receivable: -€8,760
- Deferred charges and accrued income +€8,482
up €8,482 (+296%), from €2,865 to €11,347
- Tangible fixed assets -€7,405
down €7,405 (-57.0%), from €12,989 to €5,584
of which Leasing and similar rights: -€7,184
- Cash +€4,693
up €4,693, from €0 to €4,693
mainly Receivables within one year (+€12,620) and Depreciation (+€9,206)
- Current portion of long-term debt -€5,904
down €5,904 (-79.8%), from €7,401 to €1,497
- Profit (loss) carried forward +€3,552
up €3,552 (+14.6%), from €24,403 to €27,955
- Short-term financial debts -€2,998
down €2,998 (-100%), from €2,998 to €0
- Other debts -€1,556
down €1,556 (-100%), from €1,556 to €0
- Debts after one year -€1,497
down €1,497 (-100%), from €1,497 to €0
- Gross operating margin +€9,337
up €9,337 (+114%), from €8,188 to €17,525
- Taxes +€1,847
up €1,847 (+1,212%), from €152 to €2,000
- Other operating charges +€617
up €617 (+30.3%), from €2,034 to €2,651
- Financial charges -€357
down €357 (-66.9%), from €533 to €177
- Financial income -€356
down €356 (-85.6%), from €416 to €60
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,315 | €42,018 | -€7,298 | -14.8% |
| Formation expenses | 20 | €146 | €0 | -€146 | -100% |
| Fixed assets | 21/28 | €12,989 | €5,584 | -€7,405 | -57.0% |
| Tangible fixed assets | 22/27 | €12,989 | €5,584 | -€7,405 | -57.0% |
| Plant, machinery and equipment | 23 | €2,529 | €1,918 | -€612 | -24.2% |
| Furniture and vehicles | 24 | €1,425 | €1,815 | +€390 | +27.4% |
| Leasing and similar rights | 25 | €9,034 | €1,851 | -€7,184 | -79.5% |
| Current assets | 29/58 | €36,180 | €36,434 | +€254 | +0.7% |
| Stocks and contracts in progress | 3 | €4,300 | €4,000 | -€300 | -7.0% |
| Stocks | 30/36 | €4,300 | €4,000 | -€300 | -7.0% |
| Amounts receivable within one year | 40/41 | €29,015 | €16,394 | -€12,620 | -43.5% |
| Trade receivables | 40 | €14,554 | €10,693 | -€3,861 | -26.5% |
| Other amounts receivable | 41 | €14,461 | €5,701 | -€8,760 | -60.6% |
| Cash at bank and in hand | 54/58 | €0 | €4,693 | +€4,693 | |
| Deferred charges and accrued income | 490/1 | €2,865 | €11,347 | +€8,482 | +296% |
| Total equity and liabilities | 10/49 | €49,315 | €42,018 | -€7,298 | -14.8% |
| Equity | 10/15 | €29,403 | €32,955 | +€3,552 | +12.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,403 | €27,955 | +€3,552 | +14.6% |
| Amounts payable | 17/49 | €19,912 | €9,062 | -€10,850 | -54.5% |
| Amounts payable after more than one year | 17 | €1,497 | €0 | -€1,497 | -100% |
| Financial debts | 170/4 | €1,497 | €0 | -€1,497 | -100% |
| Amounts payable within one year | 42/48 | €18,416 | €9,062 | -€9,353 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €7,401 | €1,497 | -€5,904 | -79.8% |
| Financial debts | 43 | €2,998 | €0 | -€2,998 | -100% |
| Credit institutions | 430/8 | €2,998 | €0 | -€2,998 | -100% |
| Trade debts | 44 | €3,211 | €3,316 | +€106 | +3.3% |
| Suppliers | 440/4 | €3,211 | €3,316 | +€106 | +3.3% |
| Taxes, remuneration and social security | 45 | €3,250 | €4,250 | +€1,000 | +30.8% |
| Taxes | 450/3 | €850 | €3,250 | +€2,400 | +282% |
| Remuneration and social security | 454/9 | €2,400 | €1,000 | -€1,400 | -58.3% |
| Other amounts payable | 47/48 | €1,556 | €0 | -€1,556 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,405 | €9,206 | -€199 | -2.1% |
| Other operating charges | 640/8 | €2,034 | €2,651 | +€617 | +30.3% |
| Gross operating margin | 9900 | €8,188 | €17,525 | +€9,337 | +114% |
| Operating profit (loss) | 9901 | -€3,251 | €5,668 | +€8,920 | |
| Financial income | 75/76B | €416 | €60 | -€356 | -85.6% |
| Recurring financial income | 75 | €416 | €60 | -€356 | -85.6% |
| Financial charges | 65/66B | €533 | €177 | -€357 | -66.9% |
| Recurring financial charges | 65 | €533 | €177 | -€357 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,368 | €5,552 | +€8,920 | |
| Income taxes | 67/77 | €152 | €2,000 | +€1,847 | +1,212% |
| Profit (loss) for the period | 9904 | -€3,521 | €3,552 | +€7,073 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,521 | €3,552 | +€7,073 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.