Laure Driessen Advocaat: 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.
Laure Driessen Advocaat
Largest movements
- Tangible fixed assets +€95,599
new in 2025: €95,599
- Receivables within one year +€57,545
up €57,545 (+1,451%), from €3,965 to €61,510
of which Other amounts receivable: +€54,596
- Cash -€13,453
down €13,453 (-22.2%), from €60,514 to €47,060
mainly Investment in fixed assets (net) (-€97,592) and Receivables within one year (-€57,545)
- Debts after one year +€93,248
new in 2025: €93,248
- Profit (loss) carried forward +€30,161
up €30,161 (+63.6%), from €47,459 to €77,620
- Current portion of long-term debt +€8,787
new in 2025: €8,787
- Tax, wage and social debts +€5,700
up €5,700 (+36.7%), from €15,520 to €21,221
- Other operating charges +€14,490
up €14,490 (+23,001%), from €63 to €14,553
- Gross operating margin +€12,763
up €12,763 (+29.7%), from €43,026 to €55,789
- Financial charges +€2,414
up €2,414 (+1,363%), from €177 to €2,591
- Depreciation +€1,993
new in 2025: €1,993
- Financial income +€1,539
up €1,539 (+995%), from €155 to €1,694
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 | €64,479 | €204,169 | +€139,690 | +217% |
| Fixed assets | 21/28 | - | €95,599 | +€95,599 | |
| Tangible fixed assets | 22/27 | - | €95,599 | +€95,599 | |
| Land and buildings | 22 | - | €95,599 | +€95,599 | |
| Current assets | 29/58 | €64,479 | €108,571 | +€44,092 | +68.4% |
| Amounts receivable within one year | 40/41 | €3,965 | €61,510 | +€57,545 | +1,451% |
| Trade receivables | 40 | - | €2,949 | +€2,949 | |
| Other amounts receivable | 41 | €3,965 | €58,561 | +€54,596 | +1,377% |
| Cash at bank and in hand | 54/58 | €60,514 | €47,060 | -€13,453 | -22.2% |
| Total equity and liabilities | 10/49 | €64,479 | €204,169 | +€139,690 | +217% |
| Equity | 10/15 | €48,959 | €79,120 | +€30,161 | +61.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,459 | €77,620 | +€30,161 | +63.6% |
| Amounts payable | 17/49 | €15,520 | €125,049 | +€109,529 | +706% |
| Amounts payable after more than one year | 17 | - | €93,248 | +€93,248 | |
| Financial debts | 170/4 | - | €93,248 | +€93,248 | |
| Amounts payable within one year | 42/48 | €15,520 | €31,801 | +€16,281 | +105% |
| Current portion of amounts payable after more than one year | 42 | - | €8,787 | +€8,787 | |
| Trade debts | 44 | - | €1,794 | +€1,794 | |
| Suppliers | 440/4 | - | €1,794 | +€1,794 | |
| Taxes, remuneration and social security | 45 | €15,520 | €21,221 | +€5,700 | +36.7% |
| Taxes | 450/3 | €15,520 | €21,221 | +€5,700 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,993 | +€1,993 | |
| Other operating charges | 640/8 | €63 | €14,553 | +€14,490 | +23,001% |
| Gross operating margin | 9900 | €43,026 | €55,789 | +€12,763 | +29.7% |
| Operating profit (loss) | 9901 | €42,963 | €39,242 | -€3,721 | -8.7% |
| Financial income | 75/76B | €155 | €1,694 | +€1,539 | +995% |
| Recurring financial income | 75 | €155 | €1,694 | +€1,539 | +995% |
| Financial charges | 65/66B | €177 | €2,591 | +€2,414 | +1,363% |
| Recurring financial charges | 65 | €177 | €2,591 | +€2,414 | +1,363% |
| Profit (loss) for the period before taxes | 9903 | €42,941 | €38,346 | -€4,595 | -10.7% |
| Income taxes | 67/77 | €9,643 | €8,184 | -€1,459 | -15.1% |
| Profit (loss) for the period | 9904 | €33,297 | €30,161 | -€3,136 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,297 | €30,161 | -€3,136 | -9.4% |
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 29 October 2026 via checked.be.