LAURENT DEWIT: 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.
LAURENT DEWIT
Largest movements
- Receivables within one year +€37,962
up €37,962 (+488.4%), from €7,773 to €45,735
of which Trade receivables: +€42,265
- Cash -€9,842
down €9,842 (-2.9%), from €342,636 to €332,794
mainly Receivables within one year (-€37,962) and Other debts (-€24,530)
- Stocks and contracts -€4,819
down €4,819 (-8.9%), from €54,385 to €49,566
- Reserves +€55,000
up €55,000 (+29.4%), from €186,860 to €241,860
of which Distributable reserves: +€55,000
- Other debts -€24,530
no longer reported in 2025 (was €24,530)
- Tax, wage and social debts -€17,220
down €17,220 (-35.9%), from €47,940 to €30,720
of which Taxes: -€17,350
- Profit (loss) carried forward +€7,705
up €7,705 (+5.5%), from €139,682 to €147,387
- Staff costs +€5,596
new in 2025: €5,596
- Other operating charges +€4,573
up €4,573 (+737.6%), from €620 to €5,193
- Taxes +€3,368
up €3,368 (+11.8%), from €28,571 to €31,939
- Financial income -€1,999
down €1,999 (-39.0%), from €5,132 to €3,133
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.
Cash bridge derived
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 | €412,318 | €432,651 | +€20,333 | +4.9% |
| Fixed assets | 21/28 | €4,187 | €3,813 | -€374 | -8.9% |
| Tangible fixed assets | 22/27 | €967 | €593 | -€374 | -38.7% |
| Furniture and vehicles | 24 | €967 | €593 | -€374 | -38.7% |
| Financial fixed assets | 28 | €3,220 | €3,220 | = | 0.0% |
| Current assets | 29/58 | €408,131 | €428,838 | +€20,707 | +5.1% |
| Stocks and contracts in progress | 3 | €54,385 | €49,566 | -€4,819 | -8.9% |
| Stocks | 30/36 | €54,385 | €49,566 | -€4,819 | -8.9% |
| Amounts receivable within one year | 40/41 | €7,773 | €45,735 | +€37,962 | +488.4% |
| Trade receivables | 40 | €1,664 | €43,929 | +€42,265 | +2540.0% |
| Other amounts receivable | 41 | €6,109 | €1,806 | -€4,303 | -70.4% |
| Cash at bank and in hand | 54/58 | €342,636 | €332,794 | -€9,842 | -2.9% |
| Deferred charges and accrued income | 490/1 | €3,337 | €743 | -€2,594 | -77.7% |
| Total equity and liabilities | 10/49 | €412,318 | €432,651 | +€20,333 | +4.9% |
| Equity | 10/15 | €338,942 | €401,647 | +€62,705 | +18.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €186,860 | €241,860 | +€55,000 | +29.4% |
| Tax-exempt reserves | 132 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €185,000 | €240,000 | +€55,000 | +29.7% |
| Profit (loss) carried forward | 14 | €139,682 | €147,387 | +€7,705 | +5.5% |
| Amounts payable | 17/49 | €73,376 | €31,004 | -€42,372 | -57.7% |
| Amounts payable within one year | 42/48 | €73,376 | €31,004 | -€42,372 | -57.7% |
| Trade debts | 44 | €906 | €284 | -€622 | -68.7% |
| Suppliers | 440/4 | €906 | €284 | -€622 | -68.7% |
| Taxes, remuneration and social security | 45 | €47,940 | €30,720 | -€17,220 | -35.9% |
| Taxes | 450/3 | €47,940 | €30,590 | -€17,350 | -36.2% |
| Remuneration and social security | 454/9 | - | €130 | +€130 | |
| Other amounts payable | 47/48 | €24,530 | - | -€24,530 | |
| Non-recurring operating income | 76A | €5,132 | - | -€5,132 | |
| Remuneration, social security and pensions | 62 | - | €5,596 | +€5,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,221 | €374 | -€847 | -69.4% |
| Other operating charges | 640/8 | €620 | €5,193 | +€4,573 | +737.6% |
| Gross operating margin | 9900 | €103,456 | €102,859 | -€597 | -0.6% |
| Operating profit (loss) | 9901 | €101,615 | €91,696 | -€9,919 | -9.8% |
| Financial income | 75/76B | €5,132 | €3,133 | -€1,999 | -39.0% |
| Recurring financial income | 75 | €5,132 | €3,133 | -€1,999 | -39.0% |
| Financial charges | 65/66B | €148 | €185 | +€37 | +25.0% |
| Recurring financial charges | 65 | €148 | €185 | +€37 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €106,599 | €94,644 | -€11,955 | -11.2% |
| Income taxes | 67/77 | €28,571 | €31,939 | +€3,368 | +11.8% |
| Profit (loss) for the period | 9904 | €78,028 | €62,705 | -€15,323 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,028 | €62,705 | -€15,323 | -19.6% |
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 9 October 2026 via checked.be.