LAURENT PINON: what changed
LAURENT PINON
Largest movements
- Cash +€11,642
up €11,642 (+92.2%), from €12,623 to €24,264
mainly Net result for the year (+€10,930) and Receivables within one year (+€8,400)
- Receivables within one year -€8,400
down €8,400 (-34.8%), from €24,144 to €15,743
of which Other amounts receivable: -€6,246
- Tangible fixed assets +€3,589
new in 2025: €3,589
- Deferred charges and accrued income +€2,045
new in 2025: €2,045
- Profit (loss) carried forward +€10,930
up €10,930 (+56.6%), from €19,303 to €30,233
- Other debts +€7,384
up €7,384 (+71.9%), from €10,277 to €17,661
- Trade debts -€7,267
down €7,267 (-58.9%), from €12,344 to €5,077
- Tax, wage and social debts -€2,172
down €2,172 (-27.7%), from €7,843 to €5,671
of which Taxes: -€2,322
- Gross operating margin +€18,059
up €18,059 (+271%), from €6,669 to €24,729
- Taxes +€4,156
up €4,156 (+250%), from €1,662 to €5,818
- Other operating charges +€2,940
up €2,940 (+95.0%), from €3,094 to €6,034
- Financial charges +€861
up €861 (+141%), from €608 to €1,469
- Depreciation +€478
new in 2025: €478
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 | €51,767 | €60,642 | +€8,875 | +17.1% |
| Fixed assets | 21/28 | €15,000 | €18,589 | +€3,589 | +23.9% |
| Tangible fixed assets | 22/27 | - | €3,589 | +€3,589 | |
| Furniture and vehicles | 24 | - | €3,589 | +€3,589 | |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €36,767 | €42,053 | +€5,286 | +14.4% |
| Amounts receivable within one year | 40/41 | €24,144 | €15,743 | -€8,400 | -34.8% |
| Trade receivables | 40 | €16,671 | €14,517 | -€2,154 | -12.9% |
| Other amounts receivable | 41 | €7,473 | €1,227 | -€6,246 | -83.6% |
| Cash at bank and in hand | 54/58 | €12,623 | €24,264 | +€11,642 | +92.2% |
| Deferred charges and accrued income | 490/1 | - | €2,045 | +€2,045 | |
| Total equity and liabilities | 10/49 | €51,767 | €60,642 | +€8,875 | +17.1% |
| Equity | 10/15 | €21,303 | €32,233 | +€10,930 | +51.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,303 | €30,233 | +€10,930 | +56.6% |
| Amounts payable | 17/49 | €30,464 | €28,409 | -€2,055 | -6.7% |
| Amounts payable within one year | 42/48 | €30,464 | €28,409 | -€2,055 | -6.7% |
| Trade debts | 44 | €12,344 | €5,077 | -€7,267 | -58.9% |
| Suppliers | 440/4 | €12,344 | €5,077 | -€7,267 | -58.9% |
| Taxes, remuneration and social security | 45 | €7,843 | €5,671 | -€2,172 | -27.7% |
| Taxes | 450/3 | €6,143 | €3,821 | -€2,322 | -37.8% |
| Remuneration and social security | 454/9 | €1,700 | €1,850 | +€150 | +8.8% |
| Other amounts payable | 47/48 | €10,277 | €17,661 | +€7,384 | +71.9% |
| Non-recurring operating income | 76A | €16 | - | -€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €478 | +€478 | |
| Other operating charges | 640/8 | €3,094 | €6,034 | +€2,940 | +95.0% |
| Gross operating margin | 9900 | €6,669 | €24,729 | +€18,059 | +271% |
| Operating profit (loss) | 9901 | €3,576 | €18,217 | +€14,641 | +409% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €608 | €1,469 | +€861 | +141% |
| Recurring financial charges | 65 | €608 | €1,469 | +€861 | +141% |
| Profit (loss) for the period before taxes | 9903 | €2,967 | €16,748 | +€13,780 | +464% |
| Income taxes | 67/77 | €1,662 | €5,818 | +€4,156 | +250% |
| Profit (loss) for the period | 9904 | €1,305 | €10,930 | +€9,625 | +737% |
| Profit (loss) for the period to be appropriated | 9905 | €1,305 | €10,930 | +€9,625 | +737% |
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 5 November 2026 via checked.be.