LUCIE DELAUNOIT: 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.
LUCIE DELAUNOIT
Largest movements
- Cash +€119,978
up €119,978 (+352%), from €34,058 to €154,036
mainly Net result for the year (+€125,210) and Debts after one year (+€29,828)
- Tangible fixed assets +€37,770
new in 2025: €37,770
- Receivables within one year +€33,206
up €33,206 (+3,944%), from €842 to €34,048
- Profit (loss) carried forward +€125,210
up €125,210 (+576%), from €21,750 to €146,960
- Debts after one year +€29,828
new in 2025: €29,828
- Tax, wage and social debts +€27,192
up €27,192 (+261%), from €10,400 to €37,592
- Current portion of long-term debt +€8,365
new in 2025: €8,365
- Gross operating margin +€139,394
up €139,394 (+481%), from €28,992 to €168,385
- Taxes +€26,832
up €26,832 (+370%), from €7,250 to €34,082
- Depreciation +€7,224
new in 2025: €7,224
- Other operating charges +€1,785
new in 2025: €1,785
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 | €35,150 | €227,118 | +€191,969 | +546% |
| Fixed assets | 21/28 | - | €37,770 | +€37,770 | |
| Tangible fixed assets | 22/27 | - | €37,770 | +€37,770 | |
| Leasing and similar rights | 25 | - | €37,770 | +€37,770 | |
| Current assets | 29/58 | €35,150 | €189,349 | +€154,199 | +439% |
| Amounts receivable within one year | 40/41 | €842 | €34,048 | +€33,206 | +3,944% |
| Other amounts receivable | 41 | €842 | €34,048 | +€33,206 | +3,944% |
| Cash at bank and in hand | 54/58 | €34,058 | €154,036 | +€119,978 | +352% |
| Deferred charges and accrued income | 490/1 | €250 | €1,265 | +€1,015 | +406% |
| Total equity and liabilities | 10/49 | €35,150 | €227,118 | +€191,969 | +546% |
| Equity | 10/15 | €24,750 | €149,960 | +€125,210 | +506% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,750 | €146,960 | +€125,210 | +576% |
| Amounts payable | 17/49 | €10,400 | €77,159 | +€66,759 | +642% |
| Amounts payable after more than one year | 17 | - | €29,828 | +€29,828 | |
| Financial debts | 170/4 | - | €29,828 | +€29,828 | |
| Amounts payable within one year | 42/48 | €10,400 | €47,331 | +€36,931 | +355% |
| Current portion of amounts payable after more than one year | 42 | - | €8,365 | +€8,365 | |
| Trade debts | 44 | - | €1,374 | +€1,374 | |
| Suppliers | 440/4 | - | €1,374 | +€1,374 | |
| Taxes, remuneration and social security | 45 | €10,400 | €37,592 | +€27,192 | +261% |
| Taxes | 450/3 | €10,400 | €37,592 | +€27,192 | +261% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,224 | +€7,224 | |
| Other operating charges | 640/8 | - | €1,785 | +€1,785 | |
| Gross operating margin | 9900 | €28,992 | €168,385 | +€139,394 | +481% |
| Operating profit (loss) | 9901 | €28,992 | €159,377 | +€130,385 | +450% |
| Financial income | 75/76B | €26 | €946 | +€920 | +3,604% |
| Recurring financial income | 75 | €26 | €946 | +€920 | +3,604% |
| Financial charges | 65/66B | €18 | €1,030 | +€1,013 | +5,787% |
| Recurring financial charges | 65 | €18 | €1,030 | +€1,013 | +5,787% |
| Profit (loss) for the period before taxes | 9903 | €29,000 | €159,292 | +€130,292 | +449% |
| Income taxes | 67/77 | €7,250 | €34,082 | +€26,832 | +370% |
| Profit (loss) for the period | 9904 | €21,750 | €125,210 | +€103,460 | +476% |
| Profit (loss) for the period to be appropriated | 9905 | €21,750 | €125,210 | +€103,460 | +476% |
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 16 October 2026 via checked.be.