LOUISA VANDEPITTE: 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.
LOUISA VANDEPITTE
Largest movements
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Cash +€37,567
up €37,567 (+103%), from €36,517 to €74,083
mainly Current investments (+€125,000) and Net result for the year (+€66,794)
- Tangible fixed assets +€15,021
new in 2025: €15,021
of which Furniture and vehicles: +€12,838
- Receivables within one year +€3,151
new in 2025: €3,151
- Reserves -€59,305
down €59,305 (-47.0%), from €126,099 to €66,794
- Tax, wage and social debts -€9,841
down €9,841 (-29.0%), from €33,909 to €24,068
- Gross operating margin +€30,242
up €30,242 (+37.0%), from €81,690 to €111,933
- Other operating charges +€21,713
up €21,713 (+3,251%), from €668 to €22,381
- Taxes +€7,724
up €7,724 (+45.9%), from €16,819 to €24,543
- Financial income +€4,029
up €4,029 (+7,618%), from €53 to €4,082
- Depreciation +€2,290
new in 2025: €2,290
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 | €161,869 | €93,006 | -€68,863 | -42.5% |
| Fixed assets | 21/28 | - | €15,021 | +€15,021 | |
| Tangible fixed assets | 22/27 | - | €15,021 | +€15,021 | |
| Plant, machinery and equipment | 23 | - | €2,182 | +€2,182 | |
| Furniture and vehicles | 24 | - | €12,838 | +€12,838 | |
| Current assets | 29/58 | €161,869 | €77,985 | -€83,884 | -51.8% |
| Amounts receivable within one year | 40/41 | - | €3,151 | +€3,151 | |
| Trade receivables | 40 | - | €3,151 | +€3,151 | |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €36,517 | €74,083 | +€37,567 | +103% |
| Deferred charges and accrued income | 490/1 | €353 | €751 | +€398 | +113% |
| Total equity and liabilities | 10/49 | €161,869 | €93,006 | -€68,863 | -42.5% |
| Equity | 10/15 | €127,599 | €68,294 | -€59,305 | -46.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €126,099 | €66,794 | -€59,305 | -47.0% |
| Distributable reserves | 133 | €126,099 | €66,794 | -€59,305 | -47.0% |
| Amounts payable | 17/49 | €34,270 | €24,712 | -€9,558 | -27.9% |
| Amounts payable within one year | 42/48 | €34,270 | €24,712 | -€9,558 | -27.9% |
| Trade debts | 44 | €361 | €643 | +€283 | +78.3% |
| Suppliers | 440/4 | €361 | €643 | +€283 | +78.3% |
| Taxes, remuneration and social security | 45 | €33,909 | €24,068 | -€9,841 | -29.0% |
| Taxes | 450/3 | €33,909 | €24,068 | -€9,841 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,290 | +€2,290 | |
| Other operating charges | 640/8 | €668 | €22,381 | +€21,713 | +3,251% |
| Gross operating margin | 9900 | €81,690 | €111,933 | +€30,242 | +37.0% |
| Operating profit (loss) | 9901 | €81,023 | €87,262 | +€6,239 | +7.7% |
| Financial income | 75/76B | €53 | €4,082 | +€4,029 | +7,618% |
| Recurring financial income | 75 | €53 | €4,082 | +€4,029 | +7,618% |
| Financial charges | 65/66B | €74 | €6 | -€68 | -91.8% |
| Recurring financial charges | 65 | €74 | €6 | -€68 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | €81,002 | €91,337 | +€10,336 | +12.8% |
| Income taxes | 67/77 | €16,819 | €24,543 | +€7,724 | +45.9% |
| Profit (loss) for the period | 9904 | €64,182 | €66,794 | +€2,612 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,182 | €66,794 | +€2,612 | +4.1% |
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 17 October 2026 via checked.be.