Romain Lesiuk: 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.
Romain Lesiuk
Largest movements
- Cash -€9,392
down €9,392 (-45.7%), from €20,574 to €11,181
mainly Contributions, distributions and other (-€11,800) and Tax, wage and social debts (-€7,776)
- Tangible fixed assets -€2,814
down €2,814 (-78.5%), from €3,587 to €772
- Receivables within one year +€903
up €903 (+2.5%), from €35,649 to €36,552
of which Other amounts receivable: +€1,612
- Tax, wage and social debts -€7,776
down €7,776 (-72.7%), from €10,699 to €2,923
- Profit (loss) carried forward -€3,674
down €3,674, from €3,247 to -€427
- Trade debts +€791
up €791 (+185%), from €427 to €1,218
- Short-term financial debts -€727
down €727 (-100%), from €727 to €0
- Gross operating margin +€7,796
up €7,796 (+124%), from €6,271 to €14,066
- Taxes +€1,646
up €1,646 (+137%), from €1,205 to €2,851
- Depreciation -€311
down €311 (-9.9%), from €3,125 to €2,814
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 | €60,275 | €49,336 | -€10,939 | -18.1% |
| Fixed assets | 21/28 | €3,587 | €772 | -€2,814 | -78.5% |
| Tangible fixed assets | 22/27 | €3,587 | €772 | -€2,814 | -78.5% |
| Furniture and vehicles | 24 | €3,587 | €772 | -€2,814 | -78.5% |
| Current assets | 29/58 | €56,688 | €48,563 | -€8,125 | -14.3% |
| Amounts receivable within one year | 40/41 | €35,649 | €36,552 | +€903 | +2.5% |
| Trade receivables | 40 | €33,631 | €32,923 | -€708 | -2.1% |
| Other amounts receivable | 41 | €2,018 | €3,630 | +€1,612 | +79.9% |
| Cash at bank and in hand | 54/58 | €20,574 | €11,181 | -€9,392 | -45.7% |
| Deferred charges and accrued income | 490/1 | €465 | €830 | +€364 | +78.3% |
| Total equity and liabilities | 10/49 | €60,275 | €49,336 | -€10,939 | -18.1% |
| Equity | 10/15 | €48,247 | €44,573 | -€3,674 | -7.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,247 | -€427 | -€3,674 | |
| Amounts payable | 17/49 | €12,028 | €4,763 | -€7,265 | -60.4% |
| Amounts payable within one year | 42/48 | €12,028 | €4,763 | -€7,265 | -60.4% |
| Financial debts | 43 | €727 | €0 | -€727 | -100% |
| Credit institutions | 430/8 | €727 | €0 | -€727 | -100% |
| Trade debts | 44 | €427 | €1,218 | +€791 | +185% |
| Suppliers | 440/4 | €427 | €1,218 | +€791 | +185% |
| Taxes, remuneration and social security | 45 | €10,699 | €2,923 | -€7,776 | -72.7% |
| Taxes | 450/3 | €10,699 | €2,923 | -€7,776 | -72.7% |
| Other amounts payable | 47/48 | €174 | €622 | +€448 | +258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,125 | €2,814 | -€311 | -9.9% |
| Other operating charges | 640/8 | €69 | €66 | -€3 | -4.0% |
| Gross operating margin | 9900 | €6,271 | €14,066 | +€7,796 | +124% |
| Operating profit (loss) | 9901 | €3,077 | €11,186 | +€8,109 | +264% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €158 | €220 | +€62 | +39.2% |
| Recurring financial charges | 65 | €158 | €220 | +€62 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €2,919 | €10,977 | +€8,058 | +276% |
| Income taxes | 67/77 | €1,205 | €2,851 | +€1,646 | +137% |
| Profit (loss) for the period | 9904 | €1,714 | €8,126 | +€6,412 | +374% |
| Profit (loss) for the period to be appropriated | 9905 | €1,714 | €8,126 | +€6,412 | +374% |
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 21 October 2026 via checked.be.