Laura GASPARD: 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.
Laura GASPARD
Largest movements
- Receivables within one year +€18,303
up €18,303 (+42.6%), from €42,979 to €61,281
- Cash +€15,791
up €15,791 (+40.6%), from €38,862 to €54,653
mainly Net result for the year (+€90,856) and Other debts (+€22,784)
- Other debts +€22,784
up €22,784 (+31.0%), from €73,402 to €96,186
- Tax, wage and social debts +€11,312
up €11,312 (+235%), from €4,811 to €16,123
- Gross operating margin +€27,539
up €27,539 (+29.1%), from €94,693 to €122,232
- Taxes +€5,636
up €5,636 (+27.7%), from €20,361 to €25,997
- Financial charges +€2,888
up €2,888 (+219%), from €1,318 to €4,206
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 | €84,641 | €117,931 | +€33,291 | +39.3% |
| Fixed assets | 21/28 | €732 | €415 | -€317 | -43.3% |
| Tangible fixed assets | 22/27 | €732 | €415 | -€317 | -43.3% |
| Furniture and vehicles | 24 | €732 | €415 | -€317 | -43.3% |
| Current assets | 29/58 | €83,909 | €117,516 | +€33,607 | +40.1% |
| Amounts receivable within one year | 40/41 | €42,979 | €61,281 | +€18,303 | +42.6% |
| Trade receivables | 40 | €42,979 | €61,281 | +€18,303 | +42.6% |
| Cash at bank and in hand | 54/58 | €38,862 | €54,653 | +€15,791 | +40.6% |
| Deferred charges and accrued income | 490/1 | €2,068 | €1,582 | -€486 | -23.5% |
| Total equity and liabilities | 10/49 | €84,641 | €117,931 | +€33,291 | +39.3% |
| Equity | 10/15 | €5,519 | €5,375 | -€144 | -2.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €519 | €375 | -€144 | -27.7% |
| Amounts payable | 17/49 | €79,121 | €112,556 | +€33,434 | +42.3% |
| Amounts payable within one year | 42/48 | €79,121 | €112,556 | +€33,434 | +42.3% |
| Trade debts | 44 | €908 | €247 | -€661 | -72.8% |
| Suppliers | 440/4 | €908 | €247 | -€661 | -72.8% |
| Taxes, remuneration and social security | 45 | €4,811 | €16,123 | +€11,312 | +235% |
| Taxes | 450/3 | €4,811 | €16,123 | +€11,312 | +235% |
| Other amounts payable | 47/48 | €73,402 | €96,186 | +€22,784 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219 | €317 | +€98 | +44.7% |
| Other operating charges | 640/8 | €1,874 | €856 | -€1,018 | -54.3% |
| Non-recurring operating charges | 66A | €743 | - | -€743 | |
| Gross operating margin | 9900 | €94,693 | €122,232 | +€27,539 | +29.1% |
| Operating profit (loss) | 9901 | €91,857 | €121,059 | +€29,202 | +31.8% |
| Financial charges | 65/66B | €1,318 | €4,206 | +€2,888 | +219% |
| Recurring financial charges | 65 | €1,318 | €4,206 | +€2,888 | +219% |
| Profit (loss) for the period before taxes | 9903 | €90,539 | €116,853 | +€26,314 | +29.1% |
| Income taxes | 67/77 | €20,361 | €25,997 | +€5,636 | +27.7% |
| Profit (loss) for the period | 9904 | €70,178 | €90,856 | +€20,678 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,178 | €90,856 | +€20,678 | +29.5% |
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 1 November 2026 via checked.be.