LAURENT GOBLET: 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 GOBLET
Largest movements
- Cash +€51,606
up €51,606 (+42.2%), from €122,235 to €173,841
mainly Net result for the year (+€45,021) and Depreciation (+€10,939)
- Tangible fixed assets -€10,939
down €10,939 (-25.6%), from €42,712 to €31,773
of which Furniture and vehicles: -€7,170
- Receivables within one year -€2,631
down €2,631 (-20.5%), from €12,809 to €10,178
of which Other amounts receivable: -€1,917
- Reserves +€45,000
up €45,000 (+31.0%), from €145,000 to €190,000
- Debts after one year -€6,760
no longer reported in 2025 (was €6,760)
- Gross operating margin +€3,971
up €3,971 (+5.7%), from €69,145 to €73,116
- Taxes +€1,398
up €1,398 (+8.8%), from €15,901 to €17,299
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 | €192,532 | €229,477 | +€36,945 | +19.2% |
| Fixed assets | 21/28 | €42,712 | €31,773 | -€10,939 | -25.6% |
| Tangible fixed assets | 22/27 | €42,712 | €31,773 | -€10,939 | -25.6% |
| Plant, machinery and equipment | 23 | €14,131 | €10,362 | -€3,770 | -26.7% |
| Furniture and vehicles | 24 | €28,581 | €21,411 | -€7,170 | -25.1% |
| Current assets | 29/58 | €149,820 | €197,704 | +€47,884 | +32.0% |
| Stocks and contracts in progress | 3 | €14,776 | €12,709 | -€2,067 | -14.0% |
| Stocks | 30/36 | €14,776 | €12,709 | -€2,067 | -14.0% |
| Amounts receivable within one year | 40/41 | €12,809 | €10,178 | -€2,631 | -20.5% |
| Trade receivables | 40 | €8,993 | €8,279 | -€714 | -7.9% |
| Other amounts receivable | 41 | €3,816 | €1,898 | -€1,917 | -50.3% |
| Cash at bank and in hand | 54/58 | €122,235 | €173,841 | +€51,606 | +42.2% |
| Deferred charges and accrued income | 490/1 | - | €977 | +€977 | |
| Total equity and liabilities | 10/49 | €192,532 | €229,477 | +€36,945 | +19.2% |
| Equity | 10/15 | €172,208 | €217,229 | +€45,021 | +26.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €145,000 | €190,000 | +€45,000 | +31.0% |
| Distributable reserves | 133 | €145,000 | €190,000 | +€45,000 | +31.0% |
| Profit (loss) carried forward | 14 | €7,208 | €7,229 | +€21 | +0.3% |
| Amounts payable | 17/49 | €20,323 | €12,248 | -€8,076 | -39.7% |
| Amounts payable after more than one year | 17 | €6,760 | - | -€6,760 | |
| Financial debts | 170/4 | €6,760 | - | -€6,760 | |
| Amounts payable within one year | 42/48 | €13,563 | €12,248 | -€1,316 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €5,976 | €6,760 | +€784 | +13.1% |
| Trade debts | 44 | €2,711 | €2,000 | -€712 | -26.3% |
| Suppliers | 440/4 | €2,711 | €2,000 | -€712 | -26.3% |
| Taxes, remuneration and social security | 45 | €4,060 | €2,672 | -€1,388 | -34.2% |
| Taxes | 450/3 | €1,715 | €2,672 | +€957 | +55.8% |
| Remuneration and social security | 454/9 | €2,345 | - | -€2,345 | |
| Other amounts payable | 47/48 | €817 | €817 | = | 0.0% |
| Non-recurring operating income | 76A | €10,087 | - | -€10,087 | |
| Remuneration, social security and pensions | 62 | €555 | - | -€555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,089 | €10,939 | -€149 | -1.3% |
| Other operating charges | 640/8 | €536 | €548 | +€12 | +2.3% |
| Gross operating margin | 9900 | €69,145 | €73,116 | +€3,971 | +5.7% |
| Operating profit (loss) | 9901 | €56,965 | €61,629 | +€4,664 | +8.2% |
| Financial income | 75/76B | €1,625 | €1,803 | +€178 | +10.9% |
| Recurring financial income | 75 | €1,625 | €1,803 | +€178 | +10.9% |
| Financial charges | 65/66B | €1,267 | €1,111 | -€156 | -12.3% |
| Recurring financial charges | 65 | €1,267 | €1,111 | -€156 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €57,323 | €62,320 | +€4,997 | +8.7% |
| Income taxes | 67/77 | €15,901 | €17,299 | +€1,398 | +8.8% |
| Profit (loss) for the period | 9904 | €41,422 | €45,021 | +€3,599 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,422 | €45,021 | +€3,599 | +8.7% |
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 22 October 2026 via checked.be.