Lise Van Daele: 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.
Lise Van Daele
Largest movements
- Current investments +€60,000
up €60,000 (+75.0%), from €80,000 to €140,000
- Receivables within one year +€22,330
new in 2025: €22,330
- Cash +€15,470
up €15,470 (+57.1%), from €27,071 to €42,540
mainly Net result for the year (+€77,457) and Trade debts (+€22,349)
- Profit (loss) carried forward +€77,457
up €77,457, from €0 to €77,457
- Trade debts +€22,349
up €22,349 (+27,978%), from €80 to €22,429
- Tax, wage and social debts -€3,793
down €3,793 (-51.8%), from €7,325 to €3,532
of which Taxes: -€7,047
- Gross operating margin +€14,516
up €14,516 (+17.3%), from €83,843 to €98,359
- Taxes -€2,967
down €2,967 (-13.1%), from €22,569 to €19,603
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 | €111,120 | €207,132 | +€96,012 | +86.4% |
| Fixed assets | 21/28 | €4,023 | €2,234 | -€1,788 | -44.5% |
| Tangible fixed assets | 22/27 | €4,023 | €2,234 | -€1,788 | -44.5% |
| Furniture and vehicles | 24 | €4,023 | €2,234 | -€1,788 | -44.5% |
| Current assets | 29/58 | €107,097 | €204,898 | +€97,801 | +91.3% |
| Amounts receivable within one year | 40/41 | - | €22,330 | +€22,330 | |
| Trade receivables | 40 | - | €22,330 | +€22,330 | |
| Current investments | 50/53 | €80,000 | €140,000 | +€60,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €27,071 | €42,540 | +€15,470 | +57.1% |
| Deferred charges and accrued income | 490/1 | €27 | €28 | +€1 | +3.8% |
| Total equity and liabilities | 10/49 | €111,120 | €207,132 | +€96,012 | +86.4% |
| Equity | 10/15 | €103,715 | €181,172 | +€77,457 | +74.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €101,715 | €101,715 | = | 0.0% |
| Distributable reserves | 133 | €101,715 | €101,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €77,457 | +€77,457 | |
| Amounts payable | 17/49 | €7,405 | €25,961 | +€18,555 | +251% |
| Amounts payable within one year | 42/48 | €7,405 | €25,961 | +€18,555 | +251% |
| Trade debts | 44 | €80 | €22,429 | +€22,349 | +27,978% |
| Suppliers | 440/4 | €80 | €22,429 | +€22,349 | +27,978% |
| Taxes, remuneration and social security | 45 | €7,325 | €3,532 | -€3,793 | -51.8% |
| Taxes | 450/3 | €7,325 | €278 | -€7,047 | -96.2% |
| Remuneration and social security | 454/9 | €0 | €3,254 | +€3,254 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,788 | €1,788 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €83,843 | €98,359 | +€14,516 | +17.3% |
| Operating profit (loss) | 9901 | €81,486 | €95,986 | +€14,500 | +17.8% |
| Financial income | 75/76B | €548 | €1,081 | +€533 | +97.4% |
| Recurring financial income | 75 | €548 | €1,081 | +€533 | +97.4% |
| Financial charges | 65/66B | €34 | €7 | -€27 | -79.5% |
| Recurring financial charges | 65 | €34 | €7 | -€27 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €81,999 | €97,060 | +€15,060 | +18.4% |
| Income taxes | 67/77 | €22,569 | €19,603 | -€2,967 | -13.1% |
| Profit (loss) for the period | 9904 | €59,430 | €77,457 | +€18,027 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,430 | €77,457 | +€18,027 | +30.3% |
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 24 October 2026 via checked.be.