Lennert Depla: what changed
Two fiscal 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.
Lennert Depla
Largest movements
- Cash +€57,084
up €57,084 (+58.8%), from €97,078 to €154,162
mainly Other debts (+€89,130) and Net result for the year (+€52,597)
- Tangible fixed assets -€11,860
down €11,860 (-30.4%), from €38,961 to €27,101
of which Leasing and similar rights: -€10,470
- Receivables within one year -€2,578
down €2,578 (-13.1%), from €19,681 to €17,103
- Other debts +€89,130
up €89,130 (+9047.4%), from €985 to €90,116
- Reserves -€36,403
down €36,403 (-36.3%), from €100,399 to €63,996
- Debts after one year -€12,936
down €12,936 (-48.0%), from €26,962 to €14,026
- Current portion of long-term debt +€2,579
up €2,579 (+31.5%), from €8,175 to €10,755
- Gross operating margin -€1,764
down €1,764 (-2.1%), from €82,348 to €80,584
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.
Cash bridge derived
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 | €157,187 | €199,959 | +€42,771 | +27.2% |
| Fixed assets | 21/28 | €38,961 | €27,101 | -€11,860 | -30.4% |
| Tangible fixed assets | 22/27 | €38,961 | €27,101 | -€11,860 | -30.4% |
| Plant, machinery and equipment | 23 | €4,419 | €3,028 | -€1,390 | -31.5% |
| Leasing and similar rights | 25 | €34,542 | €24,073 | -€10,470 | -30.3% |
| Current assets | 29/58 | €118,226 | €172,857 | +€54,631 | +46.2% |
| Amounts receivable within one year | 40/41 | €19,681 | €17,103 | -€2,578 | -13.1% |
| Trade receivables | 40 | €19,681 | €17,103 | -€2,578 | -13.1% |
| Cash at bank and in hand | 54/58 | €97,078 | €154,162 | +€57,084 | +58.8% |
| Deferred charges and accrued income | 490/1 | €1,467 | €1,593 | +€125 | +8.5% |
| Total equity and liabilities | 10/49 | €157,187 | €199,959 | +€42,771 | +27.2% |
| Equity | 10/15 | €105,199 | €68,796 | -€36,403 | -34.6% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €100,399 | €63,996 | -€36,403 | -36.3% |
| Distributable reserves | 133 | €100,399 | €63,996 | -€36,403 | -36.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €51,988 | €131,163 | +€79,174 | +152.3% |
| Amounts payable after more than one year | 17 | €26,962 | €14,026 | -€12,936 | -48.0% |
| Financial debts | 170/4 | €26,962 | €14,026 | -€12,936 | -48.0% |
| Amounts payable within one year | 42/48 | €25,026 | €117,136 | +€92,110 | +368.1% |
| Current portion of amounts payable after more than one year | 42 | €8,175 | €10,755 | +€2,579 | +31.5% |
| Trade debts | 44 | €345 | €459 | +€115 | +33.2% |
| Suppliers | 440/4 | €345 | €459 | +€115 | +33.2% |
| Taxes, remuneration and social security | 45 | €15,521 | €15,807 | +€286 | +1.8% |
| Taxes | 450/3 | €15,521 | €15,807 | +€286 | +1.8% |
| Other amounts payable | 47/48 | €985 | €90,116 | +€89,130 | +9047.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,652 | €11,860 | -€792 | -6.3% |
| Other operating charges | 640/8 | €64 | €210 | +€146 | +228.8% |
| Gross operating margin | 9900 | €82,348 | €80,584 | -€1,764 | -2.1% |
| Operating profit (loss) | 9901 | €69,632 | €68,514 | -€1,118 | -1.6% |
| Financial income | 75/76B | €0 | €20 | +€20 | |
| Recurring financial income | 75 | €0 | €20 | +€20 | |
| Financial charges | 65/66B | €1,622 | €1,240 | -€382 | -23.5% |
| Recurring financial charges | 65 | €1,622 | €1,240 | -€382 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €68,010 | €67,294 | -€716 | -1.1% |
| Income taxes | 67/77 | €14,454 | €14,697 | +€243 | +1.7% |
| Profit (loss) for the period | 9904 | €53,556 | €52,597 | -€959 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,556 | €52,597 | -€959 | -1.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.