Laurence Grevesse: 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.
Laurence Grevesse
Largest movements
- Cash +€8,965
up €8,965 (+65.1%), from €13,770 to €22,735
mainly Other debts (+€7,712) and Depreciation (+€6,166)
- Intangible fixed assets -€5,000
down €5,000 (-16.0%), from €31,233 to €26,233
- Receivables within one year -€2,399
down €2,399 (-9.3%), from €25,804 to €23,405
of which Trade receivables: -€2,399
- Profit (loss) carried forward -€8,772
down €8,772 (-414%), from -€2,118 to -€10,890
- Other debts +€7,712
up €7,712 (+13.2%), from €58,526 to €66,238
- Trade debts +€1,720
up €1,720 (+25.4%), from €6,777 to €8,497
- Gross operating margin -€8,022
down €8,022, from €6,608 to -€1,414
- Other operating charges -€223
down €223 (-24.2%), from €919 to €696
- Depreciation -€185
down €185 (-2.9%), from €6,351 to €6,166
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 | €74,116 | €74,553 | +€437 | +0.6% |
| Formation expenses | 20 | €766 | €100 | -€665 | -86.9% |
| Fixed assets | 21/28 | €32,227 | €26,726 | -€5,501 | -17.1% |
| Intangible fixed assets | 21 | €31,233 | €26,233 | -€5,000 | -16.0% |
| Tangible fixed assets | 22/27 | €994 | €493 | -€501 | -50.4% |
| Furniture and vehicles | 24 | €994 | €493 | -€501 | -50.4% |
| Current assets | 29/58 | €41,123 | €47,727 | +€6,603 | +16.1% |
| Amounts receivable within one year | 40/41 | €25,804 | €23,405 | -€2,399 | -9.3% |
| Trade receivables | 40 | €24,932 | €22,533 | -€2,399 | -9.6% |
| Other amounts receivable | 41 | €872 | €872 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,770 | €22,735 | +€8,965 | +65.1% |
| Deferred charges and accrued income | 490/1 | €1,549 | €1,586 | +€37 | +2.4% |
| Total equity and liabilities | 10/49 | €74,116 | €74,553 | +€437 | +0.6% |
| Equity | 10/15 | €382 | -€8,390 | -€8,772 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,118 | -€10,890 | -€8,772 | -414% |
| Amounts payable | 17/49 | €73,733 | €82,943 | +€9,209 | +12.5% |
| Amounts payable within one year | 42/48 | €73,733 | €82,943 | +€9,209 | +12.5% |
| Trade debts | 44 | €6,777 | €8,497 | +€1,720 | +25.4% |
| Suppliers | 440/4 | €6,777 | €8,497 | +€1,720 | +25.4% |
| Taxes, remuneration and social security | 45 | €8,431 | €8,207 | -€223 | -2.6% |
| Taxes | 450/3 | €6,831 | €6,607 | -€223 | -3.3% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €58,526 | €66,238 | +€7,712 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,351 | €6,166 | -€185 | -2.9% |
| Other operating charges | 640/8 | €919 | €696 | -€223 | -24.2% |
| Gross operating margin | 9900 | €6,608 | -€1,414 | -€8,022 | |
| Operating profit (loss) | 9901 | -€662 | -€8,277 | -€7,615 | -1,150% |
| Financial income | 75/76B | €10 | €33 | +€22 | +217% |
| Recurring financial income | 75 | €10 | €33 | +€22 | +217% |
| Financial charges | 65/66B | €407 | €387 | -€20 | -4.8% |
| Recurring financial charges | 65 | €407 | €387 | -€20 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,059 | -€8,631 | -€7,573 | -715% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | -€1,187 | -€8,772 | -€7,586 | -639% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,187 | -€8,772 | -€7,586 | -639% |
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 24 October 2026 via checked.be.