Thomas Laleman: 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.
Thomas Laleman
Largest movements
- Cash +€112,285
up €112,285 (+120%), from €93,633 to €205,918
mainly Net result for the year (+€58,897) and Receivables within one year (+€39,071)
- Receivables within one year -€39,071
down €39,071 (-99.7%), from €39,204 to €133
of which Trade receivables: -€39,204
- Deferred charges and accrued income -€4,158
down €4,158 (-100%), from €4,158 to €0
- Reserves +€60,000
up €60,000 (+66.7%), from €90,000 to €150,000
- Tax, wage and social debts +€13,733
up €13,733 (+38.6%), from €35,592 to €49,325
of which Taxes: +€13,676
- Trade debts -€4,862
down €4,862 (-64.5%), from €7,536 to €2,674
- Gross operating margin -€42,018
down €42,018 (-35.0%), from €120,220 to €78,203
- Taxes -€8,033
down €8,033 (-31.5%), from €25,470 to €17,437
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 | €141,269 | €208,764 | +€67,496 | +47.8% |
| Formation expenses | 20 | €148 | €0 | -€148 | -100% |
| Fixed assets | 21/28 | €4,126 | €2,713 | -€1,413 | -34.2% |
| Tangible fixed assets | 22/27 | €4,126 | €2,713 | -€1,413 | -34.2% |
| Furniture and vehicles | 24 | €4,126 | €2,713 | -€1,413 | -34.2% |
| Current assets | 29/58 | €136,995 | €206,051 | +€69,056 | +50.4% |
| Amounts receivable within one year | 40/41 | €39,204 | €133 | -€39,071 | -99.7% |
| Trade receivables | 40 | €39,204 | €0 | -€39,204 | -100% |
| Other amounts receivable | 41 | - | €133 | +€133 | |
| Cash at bank and in hand | 54/58 | €93,633 | €205,918 | +€112,285 | +120% |
| Deferred charges and accrued income | 490/1 | €4,158 | €0 | -€4,158 | -100% |
| Total equity and liabilities | 10/49 | €141,269 | €208,764 | +€67,496 | +47.8% |
| Equity | 10/15 | €94,984 | €153,882 | +€58,897 | +62.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €150,000 | +€60,000 | +66.7% |
| Distributable reserves | 133 | €90,000 | €150,000 | +€60,000 | +66.7% |
| Profit (loss) carried forward | 14 | €2,984 | €1,882 | -€1,103 | -36.9% |
| Amounts payable | 17/49 | €46,284 | €54,883 | +€8,598 | +18.6% |
| Amounts payable within one year | 42/48 | €46,284 | €54,883 | +€8,598 | +18.6% |
| Trade debts | 44 | €7,536 | €2,674 | -€4,862 | -64.5% |
| Suppliers | 440/4 | €7,536 | €2,674 | -€4,862 | -64.5% |
| Taxes, remuneration and social security | 45 | €35,592 | €49,325 | +€13,733 | +38.6% |
| Taxes | 450/3 | €35,592 | €49,268 | +€13,676 | +38.4% |
| Remuneration and social security | 454/9 | - | €57 | +€57 | |
| Other amounts payable | 47/48 | €3,157 | €2,884 | -€273 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,219 | €1,561 | +€342 | +28.0% |
| Other operating charges | 640/8 | €513 | €237 | -€276 | -53.8% |
| Gross operating margin | 9900 | €120,220 | €78,203 | -€42,018 | -35.0% |
| Operating profit (loss) | 9901 | €118,488 | €76,405 | -€42,083 | -35.5% |
| Financial charges | 65/66B | €33 | €70 | +€37 | +112% |
| Recurring financial charges | 65 | €33 | €70 | +€37 | +112% |
| Profit (loss) for the period before taxes | 9903 | €118,455 | €76,335 | -€42,120 | -35.6% |
| Income taxes | 67/77 | €25,470 | €17,437 | -€8,033 | -31.5% |
| Profit (loss) for the period | 9904 | €92,984 | €58,897 | -€34,087 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,984 | €58,897 | -€34,087 | -36.7% |
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.