LE FINANCIER: 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.
LE FINANCIER
Largest movements
- Tangible fixed assets +€258,392
up €258,392 (+76.8%), from €336,289 to €594,681
of which Furniture and vehicles: +€222,029
- Cash -€9,947
down €9,947 (-98.8%), from €10,063 to €116
mainly Investment in fixed assets (net) (-€353,631) and Receivables within one year (-€9,768)
- Receivables within one year +€9,768
up €9,768 (+31.3%), from €31,253 to €41,021
of which Other amounts receivable: +€33,513
- Financial fixed assets +€8,520
up €8,520 (+97.8%), from €8,710 to €17,230
- Trade debts +€156,710
up €156,710 (+100%), from €156,579 to €313,289
- Tax, wage and social debts +€94,293
up €94,293 (+768%), from €12,270 to €106,563
of which Remuneration and social security: +€85,828
- Profit (loss) carried forward +€21,275
up €21,275 (+57.8%), from €36,779 to €58,055
- Turnover +€930,126
new in 2025: €930,126
- Purchases and services +€519,950
new in 2025: €519,950
- Gross operating margin +€353,381
up €353,381 (+297%), from €118,822 to €472,203
- Staff costs +€328,973
up €328,973 (+956%), from €34,398 to €363,370
- Depreciation +€51,451
up €51,451 (+146%), from €35,268 to €86,719
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 | €386,316 | €653,048 | +€266,733 | +69.0% |
| Fixed assets | 21/28 | €344,999 | €611,911 | +€266,912 | +77.4% |
| Tangible fixed assets | 22/27 | €336,289 | €594,681 | +€258,392 | +76.8% |
| Furniture and vehicles | 24 | €139,323 | €361,352 | +€222,029 | +159% |
| Other tangible fixed assets | 26 | €196,966 | €233,329 | +€36,363 | +18.5% |
| Financial fixed assets | 28 | €8,710 | €17,230 | +€8,520 | +97.8% |
| Current assets | 29/58 | €41,316 | €41,137 | -€179 | -0.4% |
| Amounts receivable within one year | 40/41 | €31,253 | €41,021 | +€9,768 | +31.3% |
| Trade receivables | 40 | €23,745 | - | -€23,745 | |
| Other amounts receivable | 41 | €7,509 | €41,021 | +€33,513 | +446% |
| Cash at bank and in hand | 54/58 | €10,063 | €116 | -€9,947 | -98.8% |
| Total equity and liabilities | 10/49 | €386,316 | €653,048 | +€266,733 | +69.0% |
| Equity | 10/15 | €38,779 | €60,055 | +€21,275 | +54.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,779 | €58,055 | +€21,275 | +57.8% |
| Amounts payable | 17/49 | €347,536 | €592,994 | +€245,457 | +70.6% |
| Amounts payable within one year | 42/48 | €347,536 | €592,994 | +€245,457 | +70.6% |
| Trade debts | 44 | €156,579 | €313,289 | +€156,710 | +100% |
| Suppliers | 440/4 | €156,579 | €313,289 | +€156,710 | +100% |
| Taxes, remuneration and social security | 45 | €12,270 | €106,563 | +€94,293 | +768% |
| Taxes | 450/3 | €1,314 | €9,778 | +€8,465 | +644% |
| Remuneration and social security | 454/9 | €10,957 | €96,785 | +€85,828 | +783% |
| Other amounts payable | 47/48 | €178,687 | €173,141 | -€5,545 | -3.1% |
| Turnover | 70 | - | €930,126 | +€930,126 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €519,950 | +€519,950 | |
| Remuneration, social security and pensions | 62 | €34,398 | €363,370 | +€328,973 | +956% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,268 | €86,719 | +€51,451 | +146% |
| Other operating charges | 640/8 | €386 | €400 | +€14 | +3.6% |
| Gross operating margin | 9900 | €118,822 | €472,203 | +€353,381 | +297% |
| Operating profit (loss) | 9901 | €48,771 | €21,714 | -€27,057 | -55.5% |
| Financial income | 75/76B | €171 | - | -€171 | |
| Recurring financial income | 75 | €171 | - | -€171 | |
| Financial charges | 65/66B | €293 | €438 | +€146 | +49.8% |
| Recurring financial charges | 65 | €293 | €438 | +€146 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €48,649 | €21,275 | -€27,373 | -56.3% |
| Income taxes | 67/77 | €423 | - | -€423 | |
| Profit (loss) for the period | 9904 | €48,226 | €21,275 | -€26,950 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,226 | €21,275 | -€26,950 | -55.9% |
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 18 October 2026 via checked.be.