LIESBETH HENDRIKS: 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.
LIESBETH HENDRIKS
Largest movements
- Receivables within one year +€4,763
up €4,763 (+8.7%), from €54,742 to €59,505
of which Other amounts receivable: +€5,856
- Tangible fixed assets -€788
down €788 (-13.8%), from €5,711 to €4,923
- Reserves +€8,613
up €8,613 (+19.1%), from €45,058 to €53,672
of which Distributable reserves: +€8,613
- Tax, wage and social debts -€5,450
down €5,450 (-55.7%), from €9,783 to €4,333
- Taxes -€1,045
down €1,045 (-19.2%), from €5,456 to €4,411
- Other operating charges +€916
up €916 (+776.5%), from €118 to €1,034
- Gross operating margin -€628
down €628 (-5.0%), from €12,671 to €12,044
- Financial income +€198
up €198 (+6.9%), from €2,868 to €3,066
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 | €61,041 | €64,491 | +€3,450 | +5.7% |
| Fixed assets | 21/28 | €5,711 | €4,923 | -€788 | -13.8% |
| Tangible fixed assets | 22/27 | €5,711 | €4,923 | -€788 | -13.8% |
| Furniture and vehicles | 24 | €5,711 | €4,923 | -€788 | -13.8% |
| Current assets | 29/58 | €55,330 | €59,568 | +€4,238 | +7.7% |
| Amounts receivable within one year | 40/41 | €54,742 | €59,505 | +€4,763 | +8.7% |
| Trade receivables | 40 | €1,092 | - | -€1,092 | |
| Other amounts receivable | 41 | €53,650 | €59,505 | +€5,856 | +10.9% |
| Cash at bank and in hand | 54/58 | €588 | €63 | -€525 | -89.3% |
| Total equity and liabilities | 10/49 | €61,041 | €64,491 | +€3,450 | +5.7% |
| Equity | 10/15 | €51,258 | €59,872 | +€8,613 | +16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,058 | €53,672 | +€8,613 | +19.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,198 | €51,812 | +€8,613 | +19.9% |
| Amounts payable | 17/49 | €9,783 | €4,620 | -€5,163 | -52.8% |
| Amounts payable within one year | 42/48 | €9,783 | €4,620 | -€5,163 | -52.8% |
| Financial debts | 43 | - | €273 | +€273 | |
| Credit institutions | 430/8 | - | €273 | +€273 | |
| Trade debts | 44 | - | €14 | +€14 | |
| Suppliers | 440/4 | - | €14 | +€14 | |
| Taxes, remuneration and social security | 45 | €9,783 | €4,333 | -€5,450 | -55.7% |
| Taxes | 450/3 | €9,783 | €4,333 | -€5,450 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €788 | €788 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €1,034 | +€916 | +776.5% |
| Gross operating margin | 9900 | €12,671 | €12,044 | -€628 | -5.0% |
| Operating profit (loss) | 9901 | €11,765 | €10,222 | -€1,544 | -13.1% |
| Financial income | 75/76B | €2,868 | €3,066 | +€198 | +6.9% |
| Recurring financial income | 75 | €2,868 | €3,066 | +€198 | +6.9% |
| Financial charges | 65/66B | €293 | €264 | -€29 | -10.0% |
| Recurring financial charges | 65 | €293 | €264 | -€29 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €14,340 | €13,024 | -€1,316 | -9.2% |
| Income taxes | 67/77 | €5,456 | €4,411 | -€1,045 | -19.2% |
| Profit (loss) for the period | 9904 | €8,884 | €8,613 | -€271 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,884 | €8,613 | -€271 | -3.1% |
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 6 October 2026 via checked.be.