LAURENT HIRTH: 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 HIRTH
Largest movements
- Receivables within one year -€2,564
down €2,564 (-39.5%), from €6,483 to €3,920
of which Trade receivables: -€1,345
- Cash -€1,063
down €1,063 (-77.1%), from €1,378 to €315
mainly Net result for the year (-€1,949) and Tax, wage and social debts (-€1,614)
- Profit (loss) carried forward -€1,949
down €1,949 (-14.8%), from -€13,169 to -€15,118
- Tax, wage and social debts -€1,614
no longer reported in 2025 (was €1,614)
- Gross operating margin -€1,007
down €1,007 (-103%), from -€981 to -€1,989
- Financial income +€87
up €87 (+83.8%), from €103 to €190
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 | €7,862 | €4,235 | -€3,627 | -46.1% |
| Current assets | 29/58 | €7,862 | €4,235 | -€3,627 | -46.1% |
| Amounts receivable within one year | 40/41 | €6,483 | €3,920 | -€2,564 | -39.5% |
| Trade receivables | 40 | €1,663 | €318 | -€1,345 | -80.9% |
| Other amounts receivable | 41 | €4,820 | €3,602 | -€1,219 | -25.3% |
| Cash at bank and in hand | 54/58 | €1,378 | €315 | -€1,063 | -77.1% |
| Total equity and liabilities | 10/49 | €7,862 | €4,235 | -€3,627 | -46.1% |
| Equity | 10/15 | €6,123 | €4,175 | -€1,949 | -31.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €692 | €692 | = | 0.0% |
| Distributable reserves | 133 | €692 | €692 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,169 | -€15,118 | -€1,949 | -14.8% |
| Amounts payable | 17/49 | €1,738 | €61 | -€1,678 | -96.5% |
| Amounts payable within one year | 42/48 | €1,738 | €61 | -€1,678 | -96.5% |
| Trade debts | 44 | €124 | €61 | -€64 | -51.3% |
| Suppliers | 440/4 | €124 | €61 | -€64 | -51.3% |
| Taxes, remuneration and social security | 45 | €1,614 | - | -€1,614 | |
| Taxes | 450/3 | €1,614 | - | -€1,614 | |
| Gross operating margin | 9900 | -€981 | -€1,989 | -€1,007 | -103% |
| Operating profit (loss) | 9901 | -€981 | -€1,989 | -€1,007 | -103% |
| Financial income | 75/76B | €103 | €190 | +€87 | +83.8% |
| Recurring financial income | 75 | €103 | €190 | +€87 | +83.8% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,013 | -€1,949 | -€936 | -92.4% |
| Profit (loss) for the period | 9904 | -€1,013 | -€1,949 | -€936 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,013 | -€1,949 | -€936 | -92.4% |
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 13 October 2026 via checked.be.