Luc Daans: 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.
Luc Daans
Largest movements
- Cash +€8,022
up €8,022 (+216.6%), from €3,704 to €11,726
mainly Net result for the year (+€7,770) and Other debts (+€5,039)
- Receivables within one year +€2,769
up €2,769 (+19.9%), from €13,892 to €16,661
of which Trade receivables: +€2,069
- Tangible fixed assets +€1,891
up €1,891 (+41.6%), from €4,549 to €6,440
of which Other tangible fixed assets: +€2,697
- Profit (loss) carried forward +€7,770
up €7,770 (+94.0%), from -€8,268 to -€498
- Other debts +€5,039
up €5,039 (+56.7%), from €8,883 to €13,922
- Taxes +€1,643
up €1,643 (+80.3%), from €2,045 to €3,689
- Gross operating margin -€1,441
down €1,441 (-8.6%), from €16,849 to €15,408
- Depreciation -€546
down €546 (-18.3%), from €2,982 to €2,437
- Other operating charges -€235
down €235 (-17.6%), from €1,331 to €1,096
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 | €23,881 | €36,658 | +€12,777 | +53.5% |
| Fixed assets | 21/28 | €4,549 | €6,440 | +€1,891 | +41.6% |
| Tangible fixed assets | 22/27 | €4,549 | €6,440 | +€1,891 | +41.6% |
| Furniture and vehicles | 24 | €3,002 | €2,197 | -€806 | -26.8% |
| Other tangible fixed assets | 26 | €1,547 | €4,243 | +€2,697 | +174.3% |
| Current assets | 29/58 | €19,332 | €30,218 | +€10,886 | +56.3% |
| Amounts receivable within one year | 40/41 | €13,892 | €16,661 | +€2,769 | +19.9% |
| Trade receivables | 40 | €12,292 | €14,361 | +€2,069 | +16.8% |
| Other amounts receivable | 41 | €1,600 | €2,300 | +€700 | +43.8% |
| Cash at bank and in hand | 54/58 | €3,704 | €11,726 | +€8,022 | +216.6% |
| Deferred charges and accrued income | 490/1 | €1,735 | €1,830 | +€95 | +5.5% |
| Total equity and liabilities | 10/49 | €23,881 | €36,658 | +€12,777 | +53.5% |
| Equity | 10/15 | €9,564 | €17,335 | +€7,770 | +81.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,633 | €11,633 | = | 0.0% |
| Non-distributable reserves | 130/1 | €703 | €703 | = | 0.0% |
| Reserves not available under the articles | 1311 | €703 | €703 | = | 0.0% |
| Distributable reserves | 133 | €10,930 | €10,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,268 | -€498 | +€7,770 | +94.0% |
| Amounts payable | 17/49 | €14,316 | €19,323 | +€5,007 | +35.0% |
| Amounts payable within one year | 42/48 | €14,316 | €19,323 | +€5,007 | +35.0% |
| Trade debts | 44 | €2,733 | €2,500 | -€233 | -8.5% |
| Suppliers | 440/4 | €2,733 | €2,500 | -€233 | -8.5% |
| Taxes, remuneration and social security | 45 | €2,700 | €2,901 | +€200 | +7.4% |
| Taxes | 450/3 | €2,700 | €2,901 | +€200 | +7.4% |
| Other amounts payable | 47/48 | €8,883 | €13,922 | +€5,039 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,982 | €2,437 | -€546 | -18.3% |
| Other operating charges | 640/8 | €1,331 | €1,096 | -€235 | -17.6% |
| Gross operating margin | 9900 | €16,849 | €15,408 | -€1,441 | -8.6% |
| Operating profit (loss) | 9901 | €12,536 | €11,875 | -€660 | -5.3% |
| Financial income | 75/76B | €0 | €11 | +€10 | +11566.7% |
| Recurring financial income | 75 | €0 | €11 | +€10 | +11566.7% |
| Financial charges | 65/66B | €330 | €427 | +€97 | +29.5% |
| Recurring financial charges | 65 | €330 | €427 | +€97 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €12,206 | €11,459 | -€747 | -6.1% |
| Income taxes | 67/77 | €2,045 | €3,689 | +€1,643 | +80.3% |
| Profit (loss) for the period | 9904 | €10,161 | €7,770 | -€2,390 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,161 | €7,770 | -€2,390 | -23.5% |
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 6 October 2026 via checked.be.