Lisbeth Depypere: 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.
Lisbeth Depypere
Largest movements
- Cash -€71,327
down €71,327 (-70.4%), from €101,246 to €29,920
mainly Contributions, distributions and other (-€81,000) and Tax, wage and social debts (-€9,748)
- Receivables within one year +€8,322
up €8,322 (+947.3%), from €878 to €9,200
of which Other amounts receivable: +€9,044
- Profit (loss) carried forward -€49,171
down €49,171 (-77.5%), from €63,454 to €14,283
- Tax, wage and social debts -€9,748
down €9,748 (-71.2%), from €13,685 to €3,938
- Other debts -€6,151
down €6,151 (-26.2%), from €23,452 to €17,301
- Accrued charges and deferred income +€1,718
new in 2025: €1,718
- Gross operating margin -€42,512
down €42,512 (-49.8%), from €85,361 to €42,848
- Taxes -€13,496
down €13,496 (-66.0%), from €20,452 to €6,956
- Financial income -€2,244
down €2,244 (-99.9%), from €2,247 to €2
- Financial charges +€1,781
up €1,781 (+387.5%), from €460 to €2,240
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 | €103,836 | €40,544 | -€63,293 | -61.0% |
| Fixed assets | 21/28 | €1,711 | €1,303 | -€409 | -23.9% |
| Tangible fixed assets | 22/27 | €1,711 | €1,303 | -€409 | -23.9% |
| Furniture and vehicles | 24 | €1,711 | €1,303 | -€409 | -23.9% |
| Current assets | 29/58 | €102,125 | €39,241 | -€62,884 | -61.6% |
| Amounts receivable within one year | 40/41 | €878 | €9,200 | +€8,322 | +947.3% |
| Trade receivables | 40 | €723 | €0 | -€723 | -100.0% |
| Other amounts receivable | 41 | €156 | €9,200 | +€9,044 | +5804.1% |
| Cash at bank and in hand | 54/58 | €101,246 | €29,920 | -€71,327 | -70.4% |
| Deferred charges and accrued income | 490/1 | - | €121 | +€121 | |
| Total equity and liabilities | 10/49 | €103,836 | €40,544 | -€63,293 | -61.0% |
| Equity | 10/15 | €65,454 | €16,283 | -€49,171 | -75.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €63,454 | €14,283 | -€49,171 | -77.5% |
| Amounts payable | 17/49 | €38,382 | €24,261 | -€14,121 | -36.8% |
| Amounts payable within one year | 42/48 | €38,382 | €22,542 | -€15,839 | -41.3% |
| Trade debts | 44 | €1,245 | €1,304 | +€59 | +4.7% |
| Suppliers | 440/4 | €1,245 | €1,304 | +€59 | +4.7% |
| Taxes, remuneration and social security | 45 | €13,685 | €3,938 | -€9,748 | -71.2% |
| Taxes | 450/3 | €13,685 | €3,938 | -€9,748 | -71.2% |
| Other amounts payable | 47/48 | €23,452 | €17,301 | -€6,151 | -26.2% |
| Accrued charges and deferred income | 492/3 | - | €1,718 | +€1,718 | |
| Remuneration, social security and pensions | 62 | €722 | - | -€722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €409 | +€77 | +23.2% |
| Other operating charges | 640/8 | €899 | €1,418 | +€518 | +57.6% |
| Non-recurring operating charges | 66A | €1,289 | €0 | -€1,289 | -100.0% |
| Gross operating margin | 9900 | €85,361 | €42,848 | -€42,512 | -49.8% |
| Operating profit (loss) | 9901 | €82,119 | €41,022 | -€41,097 | -50.0% |
| Financial income | 75/76B | €2,247 | €2 | -€2,244 | -99.9% |
| Recurring financial income | 75 | €2,247 | €2 | -€2,244 | -99.9% |
| Financial charges | 65/66B | €460 | €2,240 | +€1,781 | +387.5% |
| Recurring financial charges | 65 | €460 | €2,240 | +€1,781 | +387.5% |
| Profit (loss) for the period before taxes | 9903 | €83,906 | €38,784 | -€45,122 | -53.8% |
| Income taxes | 67/77 | €20,452 | €6,956 | -€13,496 | -66.0% |
| Profit (loss) for the period | 9904 | €63,454 | €31,829 | -€31,626 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,454 | €31,829 | -€31,626 | -49.8% |
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 7 October 2026 via checked.be.