2LC: 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.
2LC
Largest movements
- Stocks and contracts +€136,872
up €136,872 (+1366.1%), from €10,020 to €146,891
- Receivables within one year -€53,001
down €53,001 (-29.8%), from €177,861 to €124,860
of which Other amounts receivable: -€82,214
- Tangible fixed assets +€7,592
new in 2025: €7,592
- Reserves +€62,945
up €62,945 (+70.6%), from €89,116 to €152,061
- Trade debts +€20,922
up €20,922 (+30.5%), from €68,707 to €89,629
- Other debts +€7,498
up €7,498 (+159541.9%), from €5 to €7,503
- Accrued charges and deferred income +€4,053
new in 2025: €4,053
- Gross operating margin +€27,392
up €27,392 (+45.4%), from €60,287 to €87,679
- Taxes +€6,933
up €6,933 (+42.4%), from €16,353 to €23,286
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.
Cash bridge derived
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 | €188,202 | €280,340 | +€92,138 | +49.0% |
| Fixed assets | 21/28 | - | €7,592 | +€7,592 | |
| Tangible fixed assets | 22/27 | - | €7,592 | +€7,592 | |
| Furniture and vehicles | 24 | - | €7,592 | +€7,592 | |
| Current assets | 29/58 | €188,202 | €272,748 | +€84,546 | +44.9% |
| Stocks and contracts in progress | 3 | €10,020 | €146,891 | +€136,872 | +1366.1% |
| Stocks | 30/36 | €10,020 | €146,891 | +€136,872 | +1366.1% |
| Amounts receivable within one year | 40/41 | €177,861 | €124,860 | -€53,001 | -29.8% |
| Trade receivables | 40 | €9 | €29,222 | +€29,213 | +321730.2% |
| Other amounts receivable | 41 | €177,852 | €95,638 | -€82,214 | -46.2% |
| Cash at bank and in hand | 54/58 | €322 | €997 | +€675 | +209.5% |
| Total equity and liabilities | 10/49 | €188,202 | €280,340 | +€92,138 | +49.0% |
| Equity | 10/15 | €94,116 | €157,061 | +€62,945 | +66.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,116 | €152,061 | +€62,945 | +70.6% |
| Distributable reserves | 133 | €89,116 | €152,061 | +€62,945 | +70.6% |
| Amounts payable | 17/49 | €94,086 | €123,279 | +€29,193 | +31.0% |
| Amounts payable within one year | 42/48 | €94,086 | €119,226 | +€25,140 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €14,308 | -€692 | -4.6% |
| Trade debts | 44 | €68,707 | €89,629 | +€20,922 | +30.5% |
| Suppliers | 440/4 | €68,707 | €89,629 | +€20,922 | +30.5% |
| Taxes, remuneration and social security | 45 | €10,374 | €7,786 | -€2,588 | -24.9% |
| Taxes | 450/3 | €10,374 | €7,786 | -€2,588 | -24.9% |
| Other amounts payable | 47/48 | €5 | €7,503 | +€7,498 | +159541.9% |
| Accrued charges and deferred income | 492/3 | - | €4,053 | +€4,053 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €408 | +€408 | |
| Other operating charges | 640/8 | €446 | €593 | +€147 | +33.0% |
| Gross operating margin | 9900 | €60,287 | €87,679 | +€27,392 | +45.4% |
| Operating profit (loss) | 9901 | €59,842 | €86,679 | +€26,837 | +44.8% |
| Financial income | 75/76B | €310 | €437 | +€128 | +41.2% |
| Recurring financial income | 75 | €310 | €437 | +€128 | +41.2% |
| Financial charges | 65/66B | €533 | €885 | +€352 | +66.0% |
| Recurring financial charges | 65 | €533 | €885 | +€352 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €59,618 | €86,231 | +€26,613 | +44.6% |
| Income taxes | 67/77 | €16,353 | €23,286 | +€6,933 | +42.4% |
| Profit (loss) for the period | 9904 | €43,265 | €62,945 | +€19,680 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,265 | €62,945 | +€19,680 | +45.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.