Laura Verduyn: 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 Verduyn
Largest movements
- Cash -€17,574
down €17,574 (-49.8%), from €35,301 to €17,727
mainly Net result for the year (-€26,817) and Tax, wage and social debts (-€5,120)
- Receivables within one year -€12,359
down €12,359 (-94.6%), from €13,061 to €703
of which Trade receivables: -€13,061
- Tangible fixed assets -€1,155
down €1,155 (-30.7%), from €3,760 to €2,605
of which Furniture and vehicles: -€790
- Profit (loss) carried forward -€26,817
down €26,817 (-49.9%), from €53,718 to €26,901
- Tax, wage and social debts -€5,120
down €5,120 (-45.4%), from €11,277 to €6,157
- Other debts +€1,100
up €1,100 (+4,521%), from €24 to €1,124
- Gross operating margin -€48,679
down €48,679, from €23,621 to -€25,058
- Taxes -€6,190
no longer reported in 2025 (was €6,190)
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 | €67,823 | €36,735 | -€31,087 | -45.8% |
| Fixed assets | 21/28 | €3,760 | €2,605 | -€1,155 | -30.7% |
| Tangible fixed assets | 22/27 | €3,760 | €2,605 | -€1,155 | -30.7% |
| Plant, machinery and equipment | 23 | €743 | €378 | -€365 | -49.1% |
| Furniture and vehicles | 24 | €3,017 | €2,227 | -€790 | -26.2% |
| Current assets | 29/58 | €64,063 | €34,130 | -€29,932 | -46.7% |
| Amounts receivable after more than one year | 29 | €15,700 | €15,700 | = | 0.0% |
| Other amounts receivable | 291 | €15,700 | €15,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,061 | €703 | -€12,359 | -94.6% |
| Trade receivables | 40 | €13,061 | - | -€13,061 | |
| Other amounts receivable | 41 | - | €703 | +€703 | |
| Cash at bank and in hand | 54/58 | €35,301 | €17,727 | -€17,574 | -49.8% |
| Total equity and liabilities | 10/49 | €67,823 | €36,735 | -€31,087 | -45.8% |
| Equity | 10/15 | €56,218 | €29,401 | -€26,817 | -47.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,718 | €26,901 | -€26,817 | -49.9% |
| Amounts payable | 17/49 | €11,604 | €7,334 | -€4,270 | -36.8% |
| Amounts payable within one year | 42/48 | €11,604 | €7,334 | -€4,270 | -36.8% |
| Trade debts | 44 | €303 | €53 | -€250 | -82.6% |
| Suppliers | 440/4 | €303 | €53 | -€250 | -82.6% |
| Taxes, remuneration and social security | 45 | €11,277 | €6,157 | -€5,120 | -45.4% |
| Taxes | 450/3 | €11,277 | €6,157 | -€5,120 | -45.4% |
| Other amounts payable | 47/48 | €24 | €1,124 | +€1,100 | +4,521% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,142 | €1,155 | +€13 | +1.1% |
| Other operating charges | 640/8 | €614 | €527 | -€86 | -14.1% |
| Gross operating margin | 9900 | €23,621 | -€25,058 | -€48,679 | |
| Operating profit (loss) | 9901 | €21,866 | -€26,740 | -€48,606 | |
| Financial charges | 65/66B | €67 | €77 | +€9 | +14.1% |
| Recurring financial charges | 65 | €67 | €77 | +€9 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €21,798 | -€26,817 | -€48,615 | |
| Income taxes | 67/77 | €6,190 | - | -€6,190 | |
| Profit (loss) for the period | 9904 | €15,608 | -€26,817 | -€42,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,608 | -€26,817 | -€42,425 |
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.