Laurence Desmet: what changed
What changed
Laurence Desmet
NACE 47.791, Retail sale of antiques
filed annual accounts (NBB)
Net result for the year
€46,858
2024 · -€9,925+€56,784
Equity
€25,404
2024 · €13,895+€11,509
Cash
€52,950
2024 · €3,909+€49,041
Balance sheet total
€127,450
2024 · €90,014+€37,436
Largest movements
Assets
- Cash +€49,041
up €49,041 (+1,254%), from €3,909 to €52,950
mainly Net result for the year (+€46,858) and Other debts (+€26,349)
- Tangible fixed assets -€16,756
down €16,756 (-25.5%), from €65,689 to €48,933
- Receivables within one year +€4,861
up €4,861 (+49.5%), from €9,829 to €14,691
of which Other amounts receivable: +€4,758
Equity and liabilities
- Other debts +€26,349
up €26,349 (+293%), from €9,000 to €35,349
- Debts after one year -€16,246
down €16,246 (-36.2%), from €44,859 to €28,613
- Tax, wage and social debts +€15,216
up €15,216 (+870%), from €1,750 to €16,966
- Profit (loss) carried forward +€11,509
up €11,509, from -€11,509 to €0
- Short-term financial debts -€4,016
down €4,016 (-100%), from €4,016 to €0
Income statement
- Gross operating margin +€67,359
up €67,359 (+504%), from €13,371 to €80,730
- Taxes +€10,949
up €10,949 (+3,300%), from €332 to €11,281
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.
Result 2024
-€9,925
Gross operating margin
+€67,359
Depreciation
-€108
Other operating charges
+€431
Financial income
+€112
Financial charges
-€61
Taxes
-€10,949
Result 2025
€46,858
raises the resultlowers the result
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.
From operations
+€105,474
Investment
-€1,479
Financing
-€54,955
Cash 2024
€3,909
From operations (derived)
+€105,474
Net result for the year
+€46,858
Depreciation
+€18,235
Receivables within one year
-€4,861
Deferred charges and accrued income
-€290
Trade debts
+€3,592
Tax, wage and social debts
+€15,216
Other debts
+€26,349
Accrued charges and deferred income
+€376
Investment (derived)
-€1,479
Investment in fixed assets (net)
-€1,479
Financing
-€54,955
Debts after one year
-€16,246
Current portion of long-term debt
+€657
Short-term financial debts
-€4,016
Contributions, distributions and other
-€35,349
Cash 2025
€52,950
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,014 | €127,450 | +€37,436 | +41.6% |
| Fixed assets | 21/28 | €65,689 | €48,933 | -€16,756 | -25.5% |
| Tangible fixed assets | 22/27 | €65,689 | €48,933 | -€16,756 | -25.5% |
| Furniture and vehicles | 24 | €65,689 | €48,933 | -€16,756 | -25.5% |
| Current assets | 29/58 | €24,325 | €78,517 | +€54,192 | +223% |
| Stocks and contracts in progress | 3 | €8,854 | €8,854 | = | 0.0% |
| Stocks | 30/36 | €8,854 | €8,854 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,829 | €14,691 | +€4,861 | +49.5% |
| Trade receivables | 40 | €5,896 | €6,000 | +€104 | +1.8% |
| Other amounts receivable | 41 | €3,933 | €8,691 | +€4,758 | +121% |
| Cash at bank and in hand | 54/58 | €3,909 | €52,950 | +€49,041 | +1,254% |
| Deferred charges and accrued income | 490/1 | €1,732 | €2,022 | +€290 | +16.7% |
| Total equity and liabilities | 10/49 | €90,014 | €127,450 | +€37,436 | +41.6% |
| Equity | 10/15 | €13,895 | €25,404 | +€11,509 | +82.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,404 | €23,404 | = | 0.0% |
| Distributable reserves | 133 | €23,404 | €23,404 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,509 | €0 | +€11,509 | |
| Amounts payable | 17/49 | €76,119 | €102,047 | +€25,928 | +34.1% |
| Amounts payable after more than one year | 17 | €44,859 | €28,613 | -€16,246 | -36.2% |
| Financial debts | 170/4 | €44,859 | €28,613 | -€16,246 | -36.2% |
| Amounts payable within one year | 42/48 | €31,260 | €73,058 | +€41,798 | +134% |
| Current portion of amounts payable after more than one year | 42 | €15,589 | €16,246 | +€657 | +4.2% |
| Financial debts | 43 | €4,016 | €0 | -€4,016 | -100% |
| Credit institutions | 430/8 | €4,016 | €0 | -€4,016 | -100% |
| Trade debts | 44 | €905 | €4,497 | +€3,592 | +397% |
| Suppliers | 440/4 | €905 | €4,497 | +€3,592 | +397% |
| Taxes, remuneration and social security | 45 | €1,750 | €16,966 | +€15,216 | +870% |
| Taxes | 450/3 | €1,750 | €16,966 | +€15,216 | +870% |
| Other amounts payable | 47/48 | €9,000 | €35,349 | +€26,349 | +293% |
| Accrued charges and deferred income | 492/3 | - | €376 | +€376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,127 | €18,235 | +€108 | +0.6% |
| Other operating charges | 640/8 | €1,840 | €1,410 | -€431 | -23.4% |
| Gross operating margin | 9900 | €13,371 | €80,730 | +€67,359 | +504% |
| Operating profit (loss) | 9901 | -€6,596 | €61,086 | +€67,682 | |
| Financial income | 75/76B | €8 | €120 | +€112 | +1,365% |
| Recurring financial income | 75 | €8 | €120 | +€112 | +1,365% |
| Financial charges | 65/66B | €3,005 | €3,067 | +€61 | +2.0% |
| Recurring financial charges | 65 | €3,005 | €3,067 | +€61 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,594 | €58,139 | +€67,733 | |
| Income taxes | 67/77 | €332 | €11,281 | +€10,949 | +3,300% |
| Profit (loss) for the period | 9904 | -€9,925 | €46,858 | +€56,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,925 | €46,858 | +€56,784 |
Next steps
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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.