Luc DE PUTTER: 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.
Luc DE PUTTER
Largest movements
- Cash +€8,583
up €8,583 (+47.8%), from €17,945 to €26,527
mainly Net result for the year (+€22,503) and Tax, wage and social debts (+€1,652)
- Receivables within one year +€2,519
up €2,519 (+2.3%), from €107,801 to €110,320
of which Trade receivables: +€5,772
- Profit (loss) carried forward +€22,503
up €22,503 (+27.1%), from €83,127 to €105,630
- Trade debts -€13,053
down €13,053 (-96.8%), from €13,483 to €430
- Tax, wage and social debts +€1,652
new in 2025: €1,652
- Gross operating margin +€19,139
up €19,139 (+219%), from €8,720 to €27,858
- Taxes +€4,776
up €4,776 (+175%), from €2,725 to €7,501
- Financial income -€430
down €430 (-13.2%), from €3,261 to €2,830
- Financial charges -€333
down €333 (-53.8%), from €618 to €286
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 | €125,746 | €136,848 | +€11,102 | +8.8% |
| Current assets | 29/58 | €125,746 | €136,848 | +€11,102 | +8.8% |
| Amounts receivable within one year | 40/41 | €107,801 | €110,320 | +€2,519 | +2.3% |
| Trade receivables | 40 | €24,549 | €30,320 | +€5,772 | +23.5% |
| Other amounts receivable | 41 | €83,252 | €80,000 | -€3,252 | -3.9% |
| Cash at bank and in hand | 54/58 | €17,945 | €26,527 | +€8,583 | +47.8% |
| Total equity and liabilities | 10/49 | €125,746 | €136,848 | +€11,102 | +8.8% |
| Equity | 10/15 | €112,263 | €134,766 | +€22,503 | +20.0% |
| Contributions | 10/11 | €29,136 | €29,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,127 | €105,630 | +€22,503 | +27.1% |
| Amounts payable | 17/49 | €13,483 | €2,082 | -€11,401 | -84.6% |
| Amounts payable within one year | 42/48 | €13,483 | €2,082 | -€11,401 | -84.6% |
| Trade debts | 44 | €13,483 | €430 | -€13,053 | -96.8% |
| Suppliers | 440/4 | €13,483 | €430 | -€13,053 | -96.8% |
| Taxes, remuneration and social security | 45 | - | €1,652 | +€1,652 | |
| Taxes | 450/3 | - | €1,652 | +€1,652 | |
| Other operating charges | 640/8 | €462 | €400 | -€63 | -13.5% |
| Gross operating margin | 9900 | €8,720 | €27,858 | +€19,139 | +219% |
| Operating profit (loss) | 9901 | €8,257 | €27,459 | +€19,201 | +233% |
| Financial income | 75/76B | €3,261 | €2,830 | -€430 | -13.2% |
| Recurring financial income | 75 | €3,261 | €2,830 | -€430 | -13.2% |
| Financial charges | 65/66B | €618 | €286 | -€333 | -53.8% |
| Recurring financial charges | 65 | €618 | €286 | -€333 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €10,900 | €30,003 | +€19,104 | +175% |
| Income taxes | 67/77 | €2,725 | €7,501 | +€4,776 | +175% |
| Profit (loss) for the period | 9904 | €8,175 | €22,503 | +€14,328 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €8,175 | €22,503 | +€14,328 | +175% |
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 20 October 2026 via checked.be.