Laurens Deceuninck: 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 Deceuninck
Largest movements
- Cash +€57,876
up €57,876 (+20.8%), from €278,428 to €336,304
mainly Net result for the year (+€79,130) and Depreciation (+€9,415)
- Deferred charges and accrued income +€11,659
up €11,659 (+98.9%), from €11,791 to €23,450
- Tangible fixed assets -€9,415
down €9,415 (-56.3%), from €16,723 to €7,308
- Reserves +€79,130
up €79,130 (+28.9%), from €273,699 to €352,829
- Tax, wage and social debts -€10,468
down €10,468 (-14.7%), from €71,042 to €60,574
- Other debts -€6,074
down €6,074 (-44.7%), from €13,601 to €7,527
No income-statement line moved by more than 1% of the activity.
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 | €362,382 | €422,502 | +€60,120 | +16.6% |
| Fixed assets | 21/28 | €16,723 | €7,308 | -€9,415 | -56.3% |
| Tangible fixed assets | 22/27 | €16,723 | €7,308 | -€9,415 | -56.3% |
| Furniture and vehicles | 24 | €16,723 | €7,308 | -€9,415 | -56.3% |
| Current assets | 29/58 | €345,659 | €415,194 | +€69,535 | +20.1% |
| Amounts receivable within one year | 40/41 | €55,440 | €55,440 | = | 0.0% |
| Other amounts receivable | 41 | €55,440 | €55,440 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €278,428 | €336,304 | +€57,876 | +20.8% |
| Deferred charges and accrued income | 490/1 | €11,791 | €23,450 | +€11,659 | +98.9% |
| Total equity and liabilities | 10/49 | €362,382 | €422,502 | +€60,120 | +16.6% |
| Equity | 10/15 | €274,699 | €353,829 | +€79,130 | +28.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €273,699 | €352,829 | +€79,130 | +28.9% |
| Distributable reserves | 133 | €273,699 | €352,829 | +€79,130 | +28.9% |
| Amounts payable | 17/49 | €87,683 | €68,673 | -€19,010 | -21.7% |
| Amounts payable within one year | 42/48 | €85,978 | €68,266 | -€17,713 | -20.6% |
| Trade debts | 44 | €1,335 | €165 | -€1,170 | -87.6% |
| Suppliers | 440/4 | €1,335 | €165 | -€1,170 | -87.6% |
| Taxes, remuneration and social security | 45 | €71,042 | €60,574 | -€10,468 | -14.7% |
| Taxes | 450/3 | €71,042 | €60,574 | -€10,468 | -14.7% |
| Other amounts payable | 47/48 | €13,601 | €7,527 | -€6,074 | -44.7% |
| Accrued charges and deferred income | 492/3 | €1,705 | €408 | -€1,297 | -76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,555 | €9,415 | -€140 | -1.5% |
| Other operating charges | 640/8 | €775 | €1,708 | +€933 | +120% |
| Gross operating margin | 9900 | €123,241 | €124,291 | +€1,051 | +0.9% |
| Operating profit (loss) | 9901 | €112,911 | €113,168 | +€257 | +0.2% |
| Financial charges | 65/66B | €1,091 | €1,061 | -€29 | -2.7% |
| Recurring financial charges | 65 | €1,091 | €1,061 | -€29 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €111,820 | €112,107 | +€286 | +0.3% |
| Income taxes | 67/77 | €32,729 | €32,977 | +€247 | +0.8% |
| Profit (loss) for the period | 9904 | €79,091 | €79,130 | +€39 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,091 | €79,130 | +€39 | 0.0% |
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 21 October 2026 via checked.be.