Laurent Van Melckebeke: 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 Van Melckebeke
Largest movements
- Cash +€40,614
up €40,614 (+43.0%), from €94,389 to €135,003
mainly Net result for the year (+€58,117) and Receivables within one year (+€4,914)
- Tangible fixed assets +€26,058
up €26,058 (+1,985%), from €1,313 to €27,371
of which Other tangible fixed assets: +€24,311
- Receivables within one year -€4,914
down €4,914 (-69.0%), from €7,116 to €2,202
of which Trade receivables: -€6,211
- Profit (loss) carried forward +€58,117
up €58,117 (+79.8%), from €72,823 to €130,940
- Tax, wage and social debts +€2,045
up €2,045 (+16.4%), from €12,456 to €14,501
- Gross operating margin -€17,261
down €17,261 (-18.1%), from €95,389 to €78,128
- Taxes -€3,892
down €3,892 (-20.4%), from €19,095 to €15,203
- Depreciation +€2,349
up €2,349 (+2,550%), from €92 to €2,441
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 | €103,479 | €165,237 | +€61,758 | +59.7% |
| Fixed assets | 21/28 | €1,313 | €27,371 | +€26,058 | +1,985% |
| Tangible fixed assets | 22/27 | €1,313 | €27,371 | +€26,058 | +1,985% |
| Furniture and vehicles | 24 | €1,313 | €3,060 | +€1,747 | +133% |
| Other tangible fixed assets | 26 | - | €24,311 | +€24,311 | |
| Current assets | 29/58 | €102,166 | €137,866 | +€35,700 | +34.9% |
| Amounts receivable within one year | 40/41 | €7,116 | €2,202 | -€4,914 | -69.0% |
| Trade receivables | 40 | €6,211 | - | -€6,211 | |
| Other amounts receivable | 41 | €905 | €2,202 | +€1,297 | +143% |
| Cash at bank and in hand | 54/58 | €94,389 | €135,003 | +€40,614 | +43.0% |
| Deferred charges and accrued income | 490/1 | €660 | €661 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €103,479 | €165,237 | +€61,758 | +59.7% |
| Equity | 10/15 | €87,823 | €145,940 | +€58,117 | +66.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,823 | €130,940 | +€58,117 | +79.8% |
| Amounts payable | 17/49 | €15,656 | €19,297 | +€3,641 | +23.3% |
| Amounts payable within one year | 42/48 | €15,656 | €19,297 | +€3,641 | +23.3% |
| Trade debts | 44 | €3,200 | €4,149 | +€949 | +29.7% |
| Suppliers | 440/4 | €3,200 | €4,149 | +€949 | +29.7% |
| Taxes, remuneration and social security | 45 | €12,456 | €14,501 | +€2,045 | +16.4% |
| Taxes | 450/3 | €12,456 | €14,501 | +€2,045 | +16.4% |
| Other amounts payable | 47/48 | - | €647 | +€647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92 | €2,441 | +€2,349 | +2,550% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €95,389 | €78,128 | -€17,261 | -18.1% |
| Operating profit (loss) | 9901 | €94,525 | €75,287 | -€19,238 | -20.4% |
| Financial charges | 65/66B | €2,608 | €1,967 | -€640 | -24.6% |
| Recurring financial charges | 65 | €2,608 | €1,967 | -€640 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €91,917 | €73,320 | -€18,598 | -20.2% |
| Income taxes | 67/77 | €19,095 | €15,203 | -€3,892 | -20.4% |
| Profit (loss) for the period | 9904 | €72,823 | €58,117 | -€14,706 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,823 | €58,117 | -€14,706 | -20.2% |
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 27 October 2026 via checked.be.