Lothar Van Driessche: 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.
Lothar Van Driessche
Largest movements
- Current investments +€18,923
up €18,923 (+15.1%), from €124,908 to €143,831
- Receivables after one year -€17,000
down €17,000 (-100%), from €17,000 to €0
- Cash +€16,421
up €16,421 (+85.3%), from €19,261 to €35,682
mainly Net result for the year (+€96,931) and Receivables after one year (+€17,000)
- Reserves +€99,625
up €99,625 (+133%), from €75,000 to €174,625
- Other debts -€55,318
down €55,318 (-99.7%), from €55,493 to €175
- Tax, wage and social debts -€14,897
down €14,897 (-53.2%), from €27,989 to €13,092
- Debts after one year -€5,885
down €5,885 (-27.3%), from €21,562 to €15,677
- Profit (loss) carried forward -€4,694
down €4,694 (-100%), from €4,694 to €0
- Gross operating margin +€90,896
up €90,896 (+234%), from €38,770 to €129,666
- Taxes +€18,585
up €18,585 (+210%), from €8,838 to €27,423
- Financial charges +€1,703
up €1,703 (+64.5%), from €2,639 to €4,342
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 | €200,219 | €217,691 | +€17,472 | +8.7% |
| Fixed assets | 21/28 | €32,545 | €31,758 | -€786 | -2.4% |
| Tangible fixed assets | 22/27 | €1,795 | €1,008 | -€786 | -43.8% |
| Plant, machinery and equipment | 23 | €1,173 | €699 | -€473 | -40.4% |
| Furniture and vehicles | 24 | €622 | €309 | -€313 | -50.3% |
| Financial fixed assets | 28 | €30,750 | €30,750 | = | 0.0% |
| Current assets | 29/58 | €167,674 | €185,933 | +€18,258 | +10.9% |
| Amounts receivable after more than one year | 29 | €17,000 | €0 | -€17,000 | -100% |
| Other amounts receivable | 291 | €17,000 | €0 | -€17,000 | -100% |
| Amounts receivable within one year | 40/41 | €6,420 | €6,420 | = | 0.0% |
| Other amounts receivable | 41 | €6,420 | €6,420 | = | 0.0% |
| Current investments | 50/53 | €124,908 | €143,831 | +€18,923 | +15.1% |
| Cash at bank and in hand | 54/58 | €19,261 | €35,682 | +€16,421 | +85.3% |
| Deferred charges and accrued income | 490/1 | €86 | €0 | -€86 | -100% |
| Total equity and liabilities | 10/49 | €200,219 | €217,691 | +€17,472 | +8.7% |
| Equity | 10/15 | €84,694 | €179,625 | +€94,931 | +112% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €174,625 | +€99,625 | +133% |
| Distributable reserves | 133 | €75,000 | €174,625 | +€99,625 | +133% |
| Profit (loss) carried forward | 14 | €4,694 | €0 | -€4,694 | -100% |
| Amounts payable | 17/49 | €115,525 | €38,066 | -€77,459 | -67.0% |
| Amounts payable after more than one year | 17 | €21,562 | €15,677 | -€5,885 | -27.3% |
| Financial debts | 170/4 | €21,562 | €15,677 | -€5,885 | -27.3% |
| Amounts payable within one year | 42/48 | €92,640 | €21,139 | -€71,501 | -77.2% |
| Current portion of amounts payable after more than one year | 42 | €5,676 | €5,885 | +€209 | +3.7% |
| Trade debts | 44 | €3,482 | €1,987 | -€1,495 | -42.9% |
| Suppliers | 440/4 | €3,482 | €1,987 | -€1,495 | -42.9% |
| Taxes, remuneration and social security | 45 | €27,989 | €13,092 | -€14,897 | -53.2% |
| Taxes | 450/3 | €27,989 | €13,092 | -€14,897 | -53.2% |
| Other amounts payable | 47/48 | €55,493 | €175 | -€55,318 | -99.7% |
| Accrued charges and deferred income | 492/3 | €1,323 | €1,250 | -€73 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560 | €786 | +€226 | +40.4% |
| Other operating charges | 640/8 | €710 | €750 | +€39 | +5.5% |
| Gross operating margin | 9900 | €38,770 | €129,666 | +€90,896 | +234% |
| Operating profit (loss) | 9901 | €37,499 | €128,130 | +€90,630 | +242% |
| Financial income | 75/76B | €1,363 | €566 | -€797 | -58.5% |
| Recurring financial income | 75 | €1,363 | €566 | -€797 | -58.5% |
| Financial charges | 65/66B | €2,639 | €4,342 | +€1,703 | +64.5% |
| Recurring financial charges | 65 | €2,639 | €4,342 | +€1,703 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €36,224 | €124,354 | +€88,130 | +243% |
| Income taxes | 67/77 | €8,838 | €27,423 | +€18,585 | +210% |
| Profit (loss) for the period | 9904 | €27,386 | €96,931 | +€69,545 | +254% |
| Profit (loss) for the period to be appropriated | 9905 | €27,386 | €96,931 | +€69,545 | +254% |
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.