Pierre Laurent: 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.
Pierre Laurent
Largest movements
- Cash +€61,581
up €61,581 (+41.2%), from €149,397 to €210,979
mainly Other debts (+€184,969) and Net result for the year (+€72,433)
- Other debts +€184,969
new in 2025: €184,969
- Profit (loss) carried forward -€111,567
down €111,567 (-99.5%), from €112,143 to €576
- Tax, wage and social debts -€13,213
down €13,213 (-53.8%), from €24,540 to €11,327
- Gross operating margin +€6,839
up €6,839 (+7.9%), from €86,217 to €93,057
- Taxes +€1,389
up €1,389 (+8.0%), from €17,255 to €18,643
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 | €152,851 | €214,161 | +€61,311 | +40.1% |
| Fixed assets | 21/28 | €2,856 | €1,479 | -€1,377 | -48.2% |
| Tangible fixed assets | 22/27 | €2,856 | €1,479 | -€1,377 | -48.2% |
| Furniture and vehicles | 24 | €2,856 | €1,479 | -€1,377 | -48.2% |
| Current assets | 29/58 | €149,995 | €212,682 | +€62,688 | +41.8% |
| Amounts receivable within one year | 40/41 | €192 | €102 | -€90 | -47.0% |
| Trade receivables | 40 | - | €102 | +€102 | |
| Other amounts receivable | 41 | €192 | - | -€192 | |
| Cash at bank and in hand | 54/58 | €149,397 | €210,979 | +€61,581 | +41.2% |
| Deferred charges and accrued income | 490/1 | €405 | €1,602 | +€1,197 | +295% |
| Total equity and liabilities | 10/49 | €152,851 | €214,161 | +€61,311 | +40.1% |
| Equity | 10/15 | €127,143 | €15,576 | -€111,567 | -87.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,143 | €576 | -€111,567 | -99.5% |
| Amounts payable | 17/49 | €25,708 | €198,585 | +€172,877 | +672% |
| Amounts payable within one year | 42/48 | €25,708 | €198,585 | +€172,877 | +672% |
| Trade debts | 44 | €1,168 | €2,289 | +€1,121 | +96.0% |
| Suppliers | 440/4 | €1,168 | €2,289 | +€1,121 | +96.0% |
| Taxes, remuneration and social security | 45 | €24,540 | €11,327 | -€13,213 | -53.8% |
| Taxes | 450/3 | €24,540 | €11,327 | -€13,213 | -53.8% |
| Other amounts payable | 47/48 | - | €184,969 | +€184,969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,275 | €1,377 | +€102 | +8.0% |
| Other operating charges | 640/8 | €643 | €1,565 | +€922 | +143% |
| Gross operating margin | 9900 | €86,217 | €93,057 | +€6,839 | +7.9% |
| Operating profit (loss) | 9901 | €84,299 | €90,115 | +€5,816 | +6.9% |
| Financial income | 75/76B | €572 | €1,454 | +€882 | +154% |
| Recurring financial income | 75 | €572 | €1,454 | +€882 | +154% |
| Financial charges | 65/66B | €455 | €492 | +€37 | +8.2% |
| Recurring financial charges | 65 | €455 | €492 | +€37 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €84,416 | €91,076 | +€6,660 | +7.9% |
| Income taxes | 67/77 | €17,255 | €18,643 | +€1,389 | +8.0% |
| Profit (loss) for the period | 9904 | €67,162 | €72,433 | +€5,272 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,162 | €72,433 | +€5,272 | +7.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.