LUC WEEMAELS: 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 WEEMAELS
Largest movements
- Cash +€26,583
up €26,583 (+99.6%), from €26,679 to €53,262
mainly Receivables within one year (+€16,866) and Net result for the year (+€11,970)
- Tangible fixed assets +€17,993
new in 2025: €17,993
- Receivables within one year -€16,866
down €16,866 (-57.4%), from €29,402 to €12,536
of which Trade receivables: -€16,767
- Current portion of long-term debt +€10,452
new in 2025: €10,452
- Reserves +€10,000
up €10,000 (+43.7%), from €22,860 to €32,860
- Tax, wage and social debts +€4,102
up €4,102 (+108%), from €3,800 to €7,902
- Profit (loss) carried forward +€1,970
up €1,970 (+12.8%), from €15,356 to €17,326
- Other debts +€1,111
up €1,111 (+78.4%), from €1,417 to €2,528
- Gross operating margin +€5,081
up €5,081 (+27.2%), from €18,672 to €23,753
- Taxes +€1,473
up €1,473 (+45.6%), from €3,227 to €4,700
- Depreciation -€464
down €464 (-7.2%), from €6,461 to €5,998
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 | €56,151 | €83,861 | +€27,710 | +49.3% |
| Fixed assets | 21/28 | €70 | €18,063 | +€17,993 | +25,587% |
| Tangible fixed assets | 22/27 | - | €17,993 | +€17,993 | |
| Furniture and vehicles | 24 | - | €17,993 | +€17,993 | |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €56,081 | €65,798 | +€9,718 | +17.3% |
| Amounts receivable within one year | 40/41 | €29,402 | €12,536 | -€16,866 | -57.4% |
| Trade receivables | 40 | €28,630 | €11,863 | -€16,767 | -58.6% |
| Other amounts receivable | 41 | €771 | €673 | -€98 | -12.8% |
| Cash at bank and in hand | 54/58 | €26,679 | €53,262 | +€26,583 | +99.6% |
| Total equity and liabilities | 10/49 | €56,151 | €83,861 | +€27,710 | +49.3% |
| Equity | 10/15 | €50,716 | €62,686 | +€11,970 | +23.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €22,860 | €32,860 | +€10,000 | +43.7% |
| Distributable reserves | 133 | €22,860 | €32,860 | +€10,000 | +43.7% |
| Profit (loss) carried forward | 14 | €15,356 | €17,326 | +€1,970 | +12.8% |
| Amounts payable | 17/49 | €5,435 | €21,175 | +€15,740 | +290% |
| Amounts payable within one year | 42/48 | €5,435 | €21,175 | +€15,740 | +290% |
| Current portion of amounts payable after more than one year | 42 | - | €10,452 | +€10,452 | |
| Trade debts | 44 | €218 | €294 | +€76 | +34.6% |
| Suppliers | 440/4 | €218 | €294 | +€76 | +34.6% |
| Taxes, remuneration and social security | 45 | €3,800 | €7,902 | +€4,102 | +108% |
| Taxes | 450/3 | €3,800 | €7,902 | +€4,102 | +108% |
| Other amounts payable | 47/48 | €1,417 | €2,528 | +€1,111 | +78.4% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,461 | €5,998 | -€464 | -7.2% |
| Other operating charges | 640/8 | €621 | €787 | +€166 | +26.8% |
| Gross operating margin | 9900 | €18,672 | €23,753 | +€5,081 | +27.2% |
| Operating profit (loss) | 9901 | €11,589 | €16,968 | +€5,379 | +46.4% |
| Financial income | 75/76B | €7 | €14 | +€8 | +115% |
| Recurring financial income | 75 | €7 | €14 | +€8 | +115% |
| Financial charges | 65/66B | €199 | €312 | +€114 | +57.2% |
| Recurring financial charges | 65 | €199 | €312 | +€114 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €11,397 | €16,670 | +€5,273 | +46.3% |
| Income taxes | 67/77 | €3,227 | €4,700 | +€1,473 | +45.6% |
| Profit (loss) for the period | 9904 | €8,170 | €11,970 | +€3,800 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,170 | €11,970 | +€3,800 | +46.5% |
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 26 October 2026 via checked.be.