Luc Didden: 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 Didden
Largest movements
- Tangible fixed assets -€12,366
down €12,366 (-8.0%), from €155,331 to €142,965
of which Land and buildings: -€13,062
- Receivables within one year +€11,803
up €11,803 (+57.9%), from €20,368 to €32,171
of which Trade receivables: +€6,804
- Cash +€9,093
up €9,093 (+782%), from €1,162 to €10,255
mainly Net result for the year (+€27,906) and Depreciation (+€22,395)
- Receivables after one year +€2,000
up €2,000 (+66.7%), from €3,000 to €5,000
- Profit (loss) carried forward +€27,906
up €27,906 (+53.9%), from -€51,789 to -€23,883
- Debts after one year -€21,505
down €21,505 (-15.6%), from €138,250 to €116,745
- Other debts -€10,652
no longer reported in 2025 (was €10,652)
- Tax, wage and social debts +€7,771
up €7,771 (+69.8%), from €11,141 to €18,912
- Short-term financial debts +€3,357
new in 2025: €3,357
- Gross operating margin +€28,203
up €28,203 (+64.9%), from €43,475 to €71,678
- Taxes +€8,099
up €8,099 (+211%), from €3,832 to €11,931
- Depreciation +€2,798
up €2,798 (+14.3%), from €19,597 to €22,395
- Other operating charges +€1,276
up €1,276 (+36.2%), from €3,526 to €4,803
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 | €180,046 | €190,636 | +€10,590 | +5.9% |
| Fixed assets | 21/28 | €155,331 | €142,965 | -€12,366 | -8.0% |
| Tangible fixed assets | 22/27 | €155,331 | €142,965 | -€12,366 | -8.0% |
| Land and buildings | 22 | €130,681 | €117,620 | -€13,062 | -10.0% |
| Plant, machinery and equipment | 23 | €5,973 | €4,541 | -€1,432 | -24.0% |
| Furniture and vehicles | 24 | - | €6,053 | +€6,053 | |
| Other tangible fixed assets | 26 | €18,677 | €14,752 | -€3,925 | -21.0% |
| Current assets | 29/58 | €24,715 | €47,671 | +€22,956 | +92.9% |
| Amounts receivable after more than one year | 29 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Other amounts receivable | 291 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €20,368 | €32,171 | +€11,803 | +57.9% |
| Trade receivables | 40 | €19,193 | €25,998 | +€6,804 | +35.4% |
| Other amounts receivable | 41 | €1,175 | €6,173 | +€4,999 | +426% |
| Cash at bank and in hand | 54/58 | €1,162 | €10,255 | +€9,093 | +782% |
| Deferred charges and accrued income | 490/1 | €185 | €245 | +€60 | +32.4% |
| Total equity and liabilities | 10/49 | €180,046 | €190,636 | +€10,590 | +5.9% |
| Equity | 10/15 | -€10,123 | €17,783 | +€27,906 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,066 | €23,066 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,206 | €21,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,789 | -€23,883 | +€27,906 | +53.9% |
| Amounts payable | 17/49 | €190,169 | €172,853 | -€17,316 | -9.1% |
| Amounts payable after more than one year | 17 | €138,250 | €116,745 | -€21,505 | -15.6% |
| Financial debts | 170/4 | €138,250 | €116,745 | -€21,505 | -15.6% |
| Amounts payable within one year | 42/48 | €47,124 | €51,314 | +€4,189 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €20,992 | €21,505 | +€513 | +2.4% |
| Financial debts | 43 | - | €3,357 | +€3,357 | |
| Credit institutions | 430/8 | - | €3,357 | +€3,357 | |
| Trade debts | 44 | €4,339 | €7,539 | +€3,200 | +73.7% |
| Suppliers | 440/4 | €4,339 | €7,539 | +€3,200 | +73.7% |
| Taxes, remuneration and social security | 45 | €11,141 | €18,912 | +€7,771 | +69.8% |
| Taxes | 450/3 | €11,141 | €18,912 | +€7,771 | +69.8% |
| Other amounts payable | 47/48 | €10,652 | - | -€10,652 | |
| Accrued charges and deferred income | 492/3 | €4,795 | €4,795 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,597 | €22,395 | +€2,798 | +14.3% |
| Other operating charges | 640/8 | €3,526 | €4,803 | +€1,276 | +36.2% |
| Gross operating margin | 9900 | €43,475 | €71,678 | +€28,203 | +64.9% |
| Operating profit (loss) | 9901 | €20,351 | €44,480 | +€24,129 | +119% |
| Financial income | 75/76B | €64 | €79 | +€15 | +22.7% |
| Recurring financial income | 75 | €64 | €79 | +€15 | +22.7% |
| Financial charges | 65/66B | €5,071 | €4,723 | -€349 | -6.9% |
| Recurring financial charges | 65 | €5,071 | €4,723 | -€349 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €15,344 | €39,836 | +€24,492 | +160% |
| Income taxes | 67/77 | €3,832 | €11,931 | +€8,099 | +211% |
| Profit (loss) for the period | 9904 | €11,512 | €27,906 | +€16,394 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €11,512 | €27,906 | +€16,394 | +142% |
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 30 October 2026 via checked.be.