Philippe Laconte: 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.
Philippe Laconte
Largest movements
- Cash -€159,134
down €159,134 (-24.3%), from €654,140 to €495,006
mainly Contributions, distributions and other (-€210,694) and Other debts (-€169,677)
- Tangible fixed assets -€14,461
down €14,461 (-17.8%), from €81,468 to €67,007
- Other debts -€169,677
down €169,677 (-39.4%), from €431,149 to €261,473
- Financial charges +€24,295
up €24,295 (+55.5%), from €43,738 to €68,033
- Taxes -€9,831
down €9,831 (-13.2%), from €74,215 to €64,384
- Gross operating margin -€7,379
down €7,379 (-2.0%), from €371,257 to €363,877
- Depreciation +€5,411
up €5,411 (+37.5%), from €14,445 to €19,855
- Other operating charges -€4,810
down €4,810 (-84.0%), from €5,723 to €914
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 | €738,171 | €568,556 | -€169,615 | -23.0% |
| Fixed assets | 21/28 | €81,468 | €67,007 | -€14,461 | -17.8% |
| Tangible fixed assets | 22/27 | €81,468 | €67,007 | -€14,461 | -17.8% |
| Furniture and vehicles | 24 | €81,468 | €67,007 | -€14,461 | -17.8% |
| Current assets | 29/58 | €656,703 | €501,549 | -€155,155 | -23.6% |
| Amounts receivable within one year | 40/41 | €1,625 | €5,616 | +€3,991 | +246% |
| Other amounts receivable | 41 | €1,625 | €5,616 | +€3,991 | +246% |
| Cash at bank and in hand | 54/58 | €654,140 | €495,006 | -€159,134 | -24.3% |
| Deferred charges and accrued income | 490/1 | €939 | €926 | -€12 | -1.3% |
| Total equity and liabilities | 10/49 | €738,171 | €568,556 | -€169,615 | -23.0% |
| Equity | 10/15 | €306,235 | €306,235 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €303,235 | €303,235 | = | 0.0% |
| Distributable reserves | 133 | €303,235 | €303,235 | = | 0.0% |
| Amounts payable | 17/49 | €431,936 | €262,321 | -€169,615 | -39.3% |
| Amounts payable within one year | 42/48 | €431,936 | €262,321 | -€169,615 | -39.3% |
| Trade debts | 44 | €296 | €357 | +€61 | +20.7% |
| Suppliers | 440/4 | €296 | €357 | +€61 | +20.7% |
| Taxes, remuneration and social security | 45 | €492 | €492 | = | 0.0% |
| Taxes | 450/3 | €492 | €492 | = | 0.0% |
| Other amounts payable | 47/48 | €431,149 | €261,473 | -€169,677 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,445 | €19,855 | +€5,411 | +37.5% |
| Other operating charges | 640/8 | €5,723 | €914 | -€4,810 | -84.0% |
| Gross operating margin | 9900 | €371,257 | €363,877 | -€7,379 | -2.0% |
| Operating profit (loss) | 9901 | €351,089 | €343,108 | -€7,981 | -2.3% |
| Financial income | 75/76B | €1 | €3 | +€2 | +198% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +198% |
| Financial charges | 65/66B | €43,738 | €68,033 | +€24,295 | +55.5% |
| Recurring financial charges | 65 | €43,738 | €68,033 | +€24,295 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €307,352 | €275,078 | -€32,274 | -10.5% |
| Income taxes | 67/77 | €74,215 | €64,384 | -€9,831 | -13.2% |
| Profit (loss) for the period | 9904 | €233,137 | €210,694 | -€22,442 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €233,137 | €210,694 | -€22,442 | -9.6% |
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 15 October 2026 via checked.be.