Laurens De Both: 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.
Laurens De Both
Largest movements
- Cash +€123,756
up €123,756 (+402%), from €30,810 to €154,566
mainly Net result for the year (+€89,184) and Tax, wage and social debts (+€35,345)
- Reserves +€89,184
up €89,184 (+619%), from €14,412 to €103,596
- Tax, wage and social debts +€35,345
up €35,345 (+395%), from €8,948 to €44,293
- Gross operating margin +€96,343
up €96,343 (+470%), from €20,480 to €116,823
- Taxes +€20,144
up €20,144 (+485%), from €4,151 to €24,295
- Financial charges +€1,611
up €1,611 (+93.0%), from €1,733 to €3,344
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 | €32,406 | €156,293 | +€123,887 | +382% |
| Current assets | 29/58 | €32,406 | €156,293 | +€123,887 | +382% |
| Amounts receivable within one year | 40/41 | - | €74 | +€74 | |
| Other amounts receivable | 41 | - | €74 | +€74 | |
| Cash at bank and in hand | 54/58 | €30,810 | €154,566 | +€123,756 | +402% |
| Deferred charges and accrued income | 490/1 | €1,596 | €1,654 | +€58 | +3.6% |
| Total equity and liabilities | 10/49 | €32,406 | €156,293 | +€123,887 | +382% |
| Equity | 10/15 | €19,412 | €108,596 | +€89,184 | +459% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,412 | €103,596 | +€89,184 | +619% |
| Distributable reserves | 133 | €14,412 | €103,596 | +€89,184 | +619% |
| Amounts payable | 17/49 | €12,994 | €47,698 | +€34,704 | +267% |
| Amounts payable within one year | 42/48 | €12,994 | €47,698 | +€34,704 | +267% |
| Trade debts | 44 | €2,497 | €1,550 | -€947 | -37.9% |
| Suppliers | 440/4 | €2,497 | €1,550 | -€947 | -37.9% |
| Taxes, remuneration and social security | 45 | €8,948 | €44,293 | +€35,345 | +395% |
| Taxes | 450/3 | €8,948 | €44,293 | +€35,345 | +395% |
| Other amounts payable | 47/48 | €1,550 | €1,855 | +€305 | +19.7% |
| Other operating charges | 640/8 | €184 | €0 | -€184 | -100% |
| Gross operating margin | 9900 | €20,480 | €116,823 | +€96,343 | +470% |
| Operating profit (loss) | 9901 | €20,296 | €116,823 | +€96,527 | +476% |
| Financial charges | 65/66B | €1,733 | €3,344 | +€1,611 | +93.0% |
| Recurring financial charges | 65 | €1,733 | €3,344 | +€1,611 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | €18,563 | €113,479 | +€94,916 | +511% |
| Income taxes | 67/77 | €4,151 | €24,295 | +€20,144 | +485% |
| Profit (loss) for the period | 9904 | €14,412 | €89,184 | +€74,772 | +519% |
| Profit (loss) for the period to be appropriated | 9905 | €14,412 | €89,184 | +€74,772 | +519% |
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 18 October 2026 via checked.be.