LAURE STUYCK: what changed
LAURE STUYCK
Largest movements
- Cash -€65,534
down €65,534 (-41.0%), from €159,876 to €94,342
mainly Receivables within one year (-€31,715) and Tax, wage and social debts (-€18,414)
- Receivables within one year +€31,715
up €31,715, from €0 to €31,715
of which Other amounts receivable: +€31,715
- Tax, wage and social debts -€18,414
down €18,414 (-34.9%), from €52,723 to €34,309
of which Taxes: -€18,414
- Reserves -€15,071
down €15,071 (-15.3%), from €98,533 to €83,461
- Gross operating margin -€133,381
down €133,381, from €118,510 to -€14,871
- Taxes -€34,309
down €34,309 (-100%), from €34,309 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 | €159,876 | €126,057 | -€33,820 | -21.2% |
| Current assets | 29/58 | €159,876 | €126,057 | -€33,820 | -21.2% |
| Amounts receivable within one year | 40/41 | €0 | €31,715 | +€31,715 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €31,715 | +€31,715 | |
| Cash at bank and in hand | 54/58 | €159,876 | €94,342 | -€65,534 | -41.0% |
| Total equity and liabilities | 10/49 | €159,876 | €126,057 | -€33,820 | -21.2% |
| Equity | 10/15 | €103,533 | €88,118 | -€15,415 | -14.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €98,533 | €83,461 | -€15,071 | -15.3% |
| Distributable reserves | 133 | €98,533 | €83,461 | -€15,071 | -15.3% |
| Profit (loss) carried forward | 14 | - | -€343 | -€343 | |
| Amounts payable | 17/49 | €56,344 | €37,939 | -€18,405 | -32.7% |
| Amounts payable within one year | 42/48 | €56,344 | €37,939 | -€18,405 | -32.7% |
| Trade debts | 44 | €3,103 | €3,630 | +€527 | +17.0% |
| Suppliers | 440/4 | €3,103 | €3,630 | +€527 | +17.0% |
| Taxes, remuneration and social security | 45 | €52,723 | €34,309 | -€18,414 | -34.9% |
| Taxes | 450/3 | €52,723 | €34,309 | -€18,414 | -34.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €517 | €0 | -€517 | -100% |
| Other operating charges | 640/8 | €181 | €368 | +€187 | +103% |
| Gross operating margin | 9900 | €118,510 | -€14,871 | -€133,381 | |
| Operating profit (loss) | 9901 | €118,329 | -€15,239 | -€133,567 | |
| Financial charges | 65/66B | €559 | €176 | -€383 | -68.6% |
| Recurring financial charges | 65 | €559 | €176 | -€383 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €117,770 | -€15,415 | -€133,184 | |
| Income taxes | 67/77 | €34,309 | €0 | -€34,309 | -100% |
| Profit (loss) for the period | 9904 | €83,461 | -€15,415 | -€98,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,461 | -€15,415 | -€98,876 |
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 4 November 2026 via checked.be.