Laura Vervier: what changed
Laura Vervier
Largest movements
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Cash -€9,229
down €9,229 (-24.9%), from €37,097 to €27,868
mainly Contributions, distributions and other (-€90,000) and Deferred charges and accrued income (-€5,398)
- Deferred charges and accrued income +€5,398
new in 2025: €5,398
- Current investments +€2,095
up €2,095 (+3.2%), from €66,031 to €68,126
- Reserves -€92,000
down €92,000 (-97.9%), from €94,000 to €2,000
- Other debts +€70,635
up €70,635 (+768%), from €9,199 to €79,834
- Tax, wage and social debts +€8,789
up €8,789 (+94.2%), from €9,335 to €18,124
- Gross operating margin -€50,384
down €50,384, from €48,650 to -€1,733
- Taxes -€9,347
down €9,347 (-100.0%), from €9,347 to €0
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 | €113,300 | €101,430 | -€11,871 | -10.5% |
| Current assets | 29/58 | €113,300 | €101,430 | -€11,871 | -10.5% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Trade receivables | 290 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €172 | €38 | -€134 | -78.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €172 | €38 | -€134 | -78.2% |
| Current investments | 50/53 | €66,031 | €68,126 | +€2,095 | +3.2% |
| Cash at bank and in hand | 54/58 | €37,097 | €27,868 | -€9,229 | -24.9% |
| Deferred charges and accrued income | 490/1 | - | €5,398 | +€5,398 | |
| Total equity and liabilities | 10/49 | €113,300 | €101,430 | -€11,871 | -10.5% |
| Equity | 10/15 | €94,766 | €2,615 | -€92,151 | -97.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €94,000 | €2,000 | -€92,000 | -97.9% |
| Distributable reserves | 133 | €94,000 | €2,000 | -€92,000 | -97.9% |
| Profit (loss) carried forward | 14 | €666 | €515 | -€151 | -22.7% |
| Amounts payable | 17/49 | €18,534 | €98,815 | +€80,281 | +433% |
| Amounts payable within one year | 42/48 | €18,534 | €98,815 | +€80,281 | +433% |
| Trade debts | 44 | €0 | €857 | +€857 | |
| Suppliers | 440/4 | €0 | €857 | +€857 | |
| Taxes, remuneration and social security | 45 | €9,335 | €18,124 | +€8,789 | +94.2% |
| Taxes | 450/3 | €9,335 | €18,124 | +€8,789 | +94.2% |
| Other amounts payable | 47/48 | €9,199 | €79,834 | +€70,635 | +768% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €48,650 | -€1,733 | -€50,384 | |
| Operating profit (loss) | 9901 | €48,650 | -€2,133 | -€50,783 | |
| Financial income | 75/76B | €325 | €136 | -€189 | -58.1% |
| Recurring financial income | 75 | €325 | €136 | -€189 | -58.1% |
| Financial charges | 65/66B | €154 | €154 | +€0 | +0.3% |
| Recurring financial charges | 65 | €154 | €154 | +€0 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €48,822 | -€2,151 | -€50,973 | |
| Income taxes | 67/77 | €9,347 | €0 | -€9,347 | -100.0% |
| Profit (loss) for the period | 9904 | €39,475 | -€2,151 | -€41,626 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,475 | -€2,151 | -€41,626 |
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 5 November 2026 via checked.be.