Lode Taelman: 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.
Lode Taelman
Largest movements
- Tangible fixed assets +€46,733
up €46,733 (+402%), from €11,630 to €58,363
of which Furniture and vehicles: +€47,529
- Cash -€36,951
down €36,951 (-30.0%), from €122,976 to €86,025
mainly Investment in fixed assets (net) (-€52,876) and Receivables within one year (-€10,345)
- Receivables within one year +€10,345
up €10,345 (+22.8%), from €45,342 to €55,687
- Debts after one year +€16,511
new in 2025: €16,511
- Profit (loss) carried forward -€8,205
down €8,205 (-56.4%), from -€14,546 to -€22,751
- Current portion of long-term debt +€6,033
new in 2025: €6,033
- Other debts +€3,313
up €3,313 (+3.0%), from €110,445 to €113,758
- Tax, wage and social debts +€3,232
up €3,232 (+50.7%), from €6,372 to €9,604
- Gross operating margin -€3,698
down €3,698 (-81.2%), from €4,553 to €854
- Depreciation +€3,613
up €3,613 (+143%), from €2,530 to €6,143
- Taxes -€2,270
down €2,270 (-74.4%), from €3,052 to €782
- Financial income -€1,717
down €1,717 (-40.6%), from €4,233 to €2,516
- Financial charges +€410
up €410 (+11.8%), from €3,465 to €3,875
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 | €179,998 | €200,896 | +€20,898 | +11.6% |
| Fixed assets | 21/28 | €11,630 | €58,363 | +€46,733 | +402% |
| Tangible fixed assets | 22/27 | €11,630 | €58,363 | +€46,733 | +402% |
| Plant, machinery and equipment | 23 | €2,589 | €2,224 | -€366 | -14.1% |
| Furniture and vehicles | 24 | €2,264 | €49,793 | +€47,529 | +2,099% |
| Other tangible fixed assets | 26 | €6,777 | €6,347 | -€430 | -6.3% |
| Current assets | 29/58 | €168,368 | €142,533 | -€25,835 | -15.3% |
| Amounts receivable within one year | 40/41 | €45,342 | €55,687 | +€10,345 | +22.8% |
| Other amounts receivable | 41 | €45,342 | €55,687 | +€10,345 | +22.8% |
| Cash at bank and in hand | 54/58 | €122,976 | €86,025 | -€36,951 | -30.0% |
| Deferred charges and accrued income | 490/1 | €50 | €821 | +€771 | +1,557% |
| Total equity and liabilities | 10/49 | €179,998 | €200,896 | +€20,898 | +11.6% |
| Equity | 10/15 | €60,898 | €52,694 | -€8,205 | -13.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €63,044 | €63,044 | = | 0.0% |
| Distributable reserves | 133 | €63,044 | €63,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,546 | -€22,751 | -€8,205 | -56.4% |
| Amounts payable | 17/49 | €119,100 | €148,202 | +€29,103 | +24.4% |
| Amounts payable after more than one year | 17 | - | €16,511 | +€16,511 | |
| Financial debts | 170/4 | - | €16,511 | +€16,511 | |
| Amounts payable within one year | 42/48 | €119,100 | €131,692 | +€12,592 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | - | €6,033 | +€6,033 | |
| Financial debts | 43 | €1,000 | €1,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000 | €1,000 | = | 0.0% |
| Trade debts | 44 | €1,283 | €1,297 | +€14 | +1.1% |
| Suppliers | 440/4 | €1,283 | €1,297 | +€14 | +1.1% |
| Taxes, remuneration and social security | 45 | €6,372 | €9,604 | +€3,232 | +50.7% |
| Taxes | 450/3 | €6,372 | €9,604 | +€3,232 | +50.7% |
| Other amounts payable | 47/48 | €110,445 | €113,758 | +€3,313 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,530 | €6,143 | +€3,613 | +143% |
| Other operating charges | 640/8 | €1,019 | €776 | -€243 | -23.9% |
| Gross operating margin | 9900 | €4,553 | €854 | -€3,698 | -81.2% |
| Operating profit (loss) | 9901 | €1,004 | -€6,064 | -€7,068 | |
| Financial income | 75/76B | €4,233 | €2,516 | -€1,717 | -40.6% |
| Recurring financial income | 75 | €4,233 | €2,516 | -€1,717 | -40.6% |
| Financial charges | 65/66B | €3,465 | €3,875 | +€410 | +11.8% |
| Recurring financial charges | 65 | €3,465 | €3,875 | +€410 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €1,773 | -€7,423 | -€9,195 | |
| Income taxes | 67/77 | €3,052 | €782 | -€2,270 | -74.4% |
| Profit (loss) for the period | 9904 | -€1,279 | -€8,205 | -€6,926 | -541% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,279 | -€8,205 | -€6,926 | -541% |
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 23 October 2026 via checked.be.