Violette Lebrun: 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.
Violette Lebrun
Largest movements
- Cash +€123,280
up €123,280 (+476%), from €25,874 to €149,155
mainly Net result for the year (+€79,302) and Current investments (+€27,732)
- Current investments -€27,732
down €27,732 (-100%), from €27,732 to €0
- Receivables within one year -€21,100
down €21,100 (-92.8%), from €22,746 to €1,645
of which Other amounts receivable: -€15,251
- Tangible fixed assets +€5,783
up €5,783 (+1,069%), from €541 to €6,324
- Profit (loss) carried forward +€79,302
up €79,302 (+126%), from €62,848 to €142,150
- Trade debts -€5,702
down €5,702 (-87.5%), from €6,515 to €812
- Tax, wage and social debts +€3,346
up €3,346 (+51.2%), from €6,530 to €9,876
- Other debts +€3,286
new in 2025: €3,286
- Gross operating margin +€46,634
up €46,634 (+79.8%), from €58,438 to €105,072
- Taxes +€8,809
up €8,809 (+73.7%), from €11,951 to €20,760
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 | €76,893 | €157,124 | +€80,231 | +104% |
| Fixed assets | 21/28 | €541 | €6,324 | +€5,783 | +1,069% |
| Tangible fixed assets | 22/27 | €541 | €6,324 | +€5,783 | +1,069% |
| Furniture and vehicles | 24 | €541 | €6,324 | +€5,783 | +1,069% |
| Current assets | 29/58 | €76,352 | €150,800 | +€74,448 | +97.5% |
| Amounts receivable within one year | 40/41 | €22,746 | €1,645 | -€21,100 | -92.8% |
| Trade receivables | 40 | €5,849 | €0 | -€5,849 | -100% |
| Other amounts receivable | 41 | €16,896 | €1,645 | -€15,251 | -90.3% |
| Current investments | 50/53 | €27,732 | €0 | -€27,732 | -100% |
| Cash at bank and in hand | 54/58 | €25,874 | €149,155 | +€123,280 | +476% |
| Total equity and liabilities | 10/49 | €76,893 | €157,124 | +€80,231 | +104% |
| Equity | 10/15 | €63,848 | €143,150 | +€79,302 | +124% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,848 | €142,150 | +€79,302 | +126% |
| Amounts payable | 17/49 | €13,045 | €13,974 | +€929 | +7.1% |
| Amounts payable within one year | 42/48 | €13,045 | €13,974 | +€929 | +7.1% |
| Trade debts | 44 | €6,515 | €812 | -€5,702 | -87.5% |
| Suppliers | 440/4 | €6,515 | €812 | -€5,702 | -87.5% |
| Taxes, remuneration and social security | 45 | €6,530 | €9,876 | +€3,346 | +51.2% |
| Taxes | 450/3 | €6,530 | €9,876 | +€3,346 | +51.2% |
| Other amounts payable | 47/48 | - | €3,286 | +€3,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196 | €510 | +€314 | +160% |
| Other operating charges | 640/8 | €3,355 | €3,527 | +€172 | +5.1% |
| Gross operating margin | 9900 | €58,438 | €105,072 | +€46,634 | +79.8% |
| Operating profit (loss) | 9901 | €54,887 | €101,035 | +€46,148 | +84.1% |
| Financial income | 75/76B | €1,086 | €203 | -€883 | -81.3% |
| Recurring financial income | 75 | €1,086 | €203 | -€883 | -81.3% |
| Financial charges | 65/66B | €126 | €1,176 | +€1,050 | +832% |
| Recurring financial charges | 65 | €126 | €1,176 | +€1,050 | +832% |
| Profit (loss) for the period before taxes | 9903 | €55,846 | €100,062 | +€44,216 | +79.2% |
| Income taxes | 67/77 | €11,951 | €20,760 | +€8,809 | +73.7% |
| Profit (loss) for the period | 9904 | €43,895 | €79,302 | +€35,406 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,895 | €79,302 | +€35,406 | +80.7% |
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.