Lieven Vandervennet: 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.
Lieven Vandervennet
Largest movements
- Cash -€44
no longer reported in 2025 (was €44)
mainly Tax, wage and social debts (-€2,077) and Net result for the year (-€311)
- Other debts +€2,327
up €2,327 (+42,005%), from €6 to €2,333
- Tax, wage and social debts -€2,077
down €2,077 (-89.3%), from €2,327 to €250
- Profit (loss) carried forward -€311
down €311 (-6.5%), from -€4,803 to -€5,114
- Short-term financial debts +€16
new in 2025: €16
- Gross operating margin +€4,255
no longer reported in 2025 (was -€4,255)
- Financial charges -€221
down €221 (-78.5%), from €282 to €61
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 | €44 | - | -€44 | |
| Current assets | 29/58 | €44 | - | -€44 | |
| Cash at bank and in hand | 54/58 | €44 | - | -€44 | |
| Total equity and liabilities | 10/49 | €44 | €0 | -€44 | -100% |
| Equity | 10/15 | -€2,288 | -€2,599 | -€311 | -13.6% |
| Contributions | 10/11 | €2,515 | €2,515 | = | 0.0% |
| Capital | 10 | €2,515 | €2,515 | = | 0.0% |
| Issued capital | 100 | €2,515 | €2,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,803 | -€5,114 | -€311 | -6.5% |
| Amounts payable | 17/49 | €2,333 | €2,599 | +€266 | +11.4% |
| Amounts payable within one year | 42/48 | €2,333 | €2,599 | +€266 | +11.4% |
| Financial debts | 43 | - | €16 | +€16 | |
| Credit institutions | 430/8 | - | €16 | +€16 | |
| Taxes, remuneration and social security | 45 | €2,327 | €250 | -€2,077 | -89.3% |
| Taxes | 450/3 | €2,327 | €250 | -€2,077 | -89.3% |
| Other amounts payable | 47/48 | €6 | €2,333 | +€2,327 | +42,005% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31 | - | -€31 | |
| Other operating charges | 640/8 | €236 | €250 | +€14 | +6.1% |
| Gross operating margin | 9900 | -€4,255 | - | +€4,255 | |
| Operating profit (loss) | 9901 | -€4,522 | -€250 | +€4,272 | +94.5% |
| Financial charges | 65/66B | €282 | €61 | -€221 | -78.5% |
| Recurring financial charges | 65 | €282 | €61 | -€221 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,803 | -€311 | +€4,493 | +93.5% |
| Profit (loss) for the period | 9904 | -€4,803 | -€311 | +€4,493 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,803 | -€311 | +€4,493 | +93.5% |
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 26 October 2026 via checked.be.