Laurens Taghon: what changed
Laurens Taghon
Largest movements
- Tangible fixed assets -€8,700
down €8,700 (-15.6%), from €55,758 to €47,057
of which Furniture and vehicles: -€10,741
- Receivables within one year +€5,641
up €5,641 (+114%), from €4,953 to €10,595
of which Other amounts receivable: +€4,638
- Cash -€2,800
down €2,800 (-23.2%), from €12,082 to €9,281
mainly Debts after one year (-€9,360) and Receivables within one year (-€5,641)
- Debts after one year -€9,360
down €9,360 (-38.9%), from €24,079 to €14,719
- Reserves +€7,869
up €7,869 (+28.3%), from €27,762 to €35,631
- Tax, wage and social debts -€2,440
down €2,440 (-100%), from €2,440 to €0
- Accrued charges and deferred income -€1,310
down €1,310 (-100%), from €1,310 to €0
- Other debts -€860
down €860 (-29.6%), from €2,910 to €2,049
- Gross operating margin -€26,661
down €26,661 (-49.6%), from €53,747 to €27,085
- Taxes -€6,993
down €6,993 (-62.2%), from €11,250 to €4,257
- Other operating charges +€2,946
up €2,946 (+215%), from €1,370 to €4,316
- Depreciation -€2,398
down €2,398 (-20.0%), from €11,990 to €9,593
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 | €73,468 | €68,099 | -€5,368 | -7.3% |
| Fixed assets | 21/28 | €55,758 | €47,057 | -€8,700 | -15.6% |
| Tangible fixed assets | 22/27 | €55,758 | €47,057 | -€8,700 | -15.6% |
| Land and buildings | 22 | €16,318 | €17,098 | +€780 | +4.8% |
| Plant, machinery and equipment | 23 | - | €1,261 | +€1,261 | |
| Furniture and vehicles | 24 | €39,439 | €28,698 | -€10,741 | -27.2% |
| Current assets | 29/58 | €17,710 | €21,042 | +€3,332 | +18.8% |
| Amounts receivable within one year | 40/41 | €4,953 | €10,595 | +€5,641 | +114% |
| Trade receivables | 40 | €4,953 | €5,957 | +€1,003 | +20.3% |
| Other amounts receivable | 41 | - | €4,638 | +€4,638 | |
| Cash at bank and in hand | 54/58 | €12,082 | €9,281 | -€2,800 | -23.2% |
| Deferred charges and accrued income | 490/1 | €675 | €1,166 | +€491 | +72.8% |
| Total equity and liabilities | 10/49 | €73,468 | €68,099 | -€5,368 | -7.3% |
| Equity | 10/15 | €32,762 | €40,631 | +€7,869 | +24.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,762 | €35,631 | +€7,869 | +28.3% |
| Distributable reserves | 133 | €27,762 | €35,631 | +€7,869 | +28.3% |
| Amounts payable | 17/49 | €40,705 | €27,468 | -€13,237 | -32.5% |
| Amounts payable after more than one year | 17 | €24,079 | €14,719 | -€9,360 | -38.9% |
| Financial debts | 170/4 | €24,079 | €14,719 | -€9,360 | -38.9% |
| Amounts payable within one year | 42/48 | €15,316 | €12,749 | -€2,567 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €9,340 | €9,360 | +€20 | +0.2% |
| Trade debts | 44 | €626 | €1,339 | +€713 | +114% |
| Suppliers | 440/4 | €626 | €1,339 | +€713 | +114% |
| Taxes, remuneration and social security | 45 | €2,440 | €0 | -€2,440 | -100% |
| Taxes | 450/3 | €2,440 | €0 | -€2,440 | -100% |
| Other amounts payable | 47/48 | €2,910 | €2,049 | -€860 | -29.6% |
| Accrued charges and deferred income | 492/3 | €1,310 | €0 | -€1,310 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,990 | €9,593 | -€2,398 | -20.0% |
| Other operating charges | 640/8 | €1,370 | €4,316 | +€2,946 | +215% |
| Gross operating margin | 9900 | €53,747 | €27,085 | -€26,661 | -49.6% |
| Operating profit (loss) | 9901 | €40,386 | €13,177 | -€27,209 | -67.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,374 | €1,051 | -€323 | -23.5% |
| Recurring financial charges | 65 | €1,374 | €1,051 | -€323 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €39,012 | €12,126 | -€26,887 | -68.9% |
| Income taxes | 67/77 | €11,250 | €4,257 | -€6,993 | -62.2% |
| Profit (loss) for the period | 9904 | €27,762 | €7,869 | -€19,893 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,762 | €7,869 | -€19,893 | -71.7% |
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 3 November 2026 via checked.be.