ALL - LOC: 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.
ALL - LOC
Largest movements
- Tangible fixed assets -€104,433
down €104,433 (-12.1%), from €865,377 to €760,944
of which Plant, machinery and equipment: -€74,631
- Cash -€21,671
down €21,671 (-26.6%), from €81,357 to €59,686
mainly Investment in fixed assets (net) (-€85,402) and Debts after one year (-€57,847)
- Debts after one year -€57,847
down €57,847 (-12.3%), from €469,606 to €411,759
- Current portion of long-term debt -€29,003
down €29,003 (-19.3%), from €149,904 to €120,901
- Profit (loss) carried forward -€18,632
down €18,632 (-6.0%), from -€309,061 to -€327,693
- Trade debts -€12,757
down €12,757 (-11.5%), from €110,562 to €97,805
- Advances received -€12,340
down €12,340 (-23.7%), from €52,000 to €39,660
- Gross operating margin +€49,289
up €49,289 (+7.6%), from €644,539 to €693,828
- Depreciation +€20,717
up €20,717 (+12.3%), from €169,118 to €189,835
- Staff costs -€17,066
down €17,066 (-3.5%), from €491,208 to €474,142
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 | €1,050,745 | €920,444 | -€130,301 | -12.4% |
| Fixed assets | 21/28 | €865,377 | €760,944 | -€104,433 | -12.1% |
| Tangible fixed assets | 22/27 | €865,377 | €760,944 | -€104,433 | -12.1% |
| Plant, machinery and equipment | 23 | €561,117 | €486,486 | -€74,631 | -13.3% |
| Furniture and vehicles | 24 | €131,032 | €121,723 | -€9,309 | -7.1% |
| Leasing and similar rights | 25 | €165,347 | €145,981 | -€19,366 | -11.7% |
| Other tangible fixed assets | 26 | €7,881 | €6,754 | -€1,127 | -14.3% |
| Current assets | 29/58 | €185,368 | €159,500 | -€25,868 | -14.0% |
| Stocks and contracts in progress | 3 | €14,156 | €11,756 | -€2,400 | -17.0% |
| Stocks | 30/36 | €14,156 | €11,756 | -€2,400 | -17.0% |
| Amounts receivable within one year | 40/41 | €75,270 | €77,311 | +€2,041 | +2.7% |
| Trade receivables | 40 | €74,865 | €74,906 | +€41 | +0.1% |
| Other amounts receivable | 41 | €405 | €2,405 | +€2,000 | +494% |
| Cash at bank and in hand | 54/58 | €81,357 | €59,686 | -€21,671 | -26.6% |
| Deferred charges and accrued income | 490/1 | €14,585 | €10,747 | -€3,838 | -26.3% |
| Total equity and liabilities | 10/49 | €1,050,745 | €920,444 | -€130,301 | -12.4% |
| Equity | 10/15 | €207,126 | €188,494 | -€18,632 | -9.0% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Capital | 10 | €310,000 | €310,000 | = | 0.0% |
| Issued capital | 100 | €310,000 | €310,000 | = | 0.0% |
| Revaluation surpluses | 12 | €204,700 | €204,700 | = | 0.0% |
| Reserves | 13 | €1,487 | €1,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,487 | €1,487 | = | 0.0% |
| Legal reserve | 130 | €1,487 | €1,487 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€309,061 | -€327,693 | -€18,632 | -6.0% |
| Amounts payable | 17/49 | €843,619 | €731,950 | -€111,669 | -13.2% |
| Amounts payable after more than one year | 17 | €469,606 | €411,759 | -€57,847 | -12.3% |
| Financial debts | 170/4 | €469,606 | €411,759 | -€57,847 | -12.3% |
| Amounts payable within one year | 42/48 | €374,013 | €320,191 | -€53,822 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €149,904 | €120,901 | -€29,003 | -19.3% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €110,562 | €97,805 | -€12,757 | -11.5% |
| Suppliers | 440/4 | €110,562 | €97,805 | -€12,757 | -11.5% |
| Advances received on contracts in progress | 46 | €52,000 | €39,660 | -€12,340 | -23.7% |
| Taxes, remuneration and social security | 45 | €36,496 | €36,740 | +€244 | +0.7% |
| Taxes | 450/3 | €3,840 | €4,084 | +€244 | +6.4% |
| Remuneration and social security | 454/9 | €32,656 | €32,656 | = | 0.0% |
| Other amounts payable | 47/48 | €51 | €85 | +€34 | +66.7% |
| Remuneration, social security and pensions | 62 | €491,208 | €474,142 | -€17,066 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,118 | €189,835 | +€20,717 | +12.3% |
| Other operating charges | 640/8 | €21,904 | €19,776 | -€2,128 | -9.7% |
| Non-recurring operating charges | 66A | - | €1,815 | +€1,815 | |
| Gross operating margin | 9900 | €644,539 | €693,828 | +€49,289 | +7.6% |
| Operating profit (loss) | 9901 | -€37,691 | €8,260 | +€45,951 | |
| Financial income | 75/76B | €502 | €1,425 | +€923 | +184% |
| Recurring financial income | 75 | €502 | €537 | +€35 | +7.0% |
| Non-recurring financial income | 76B | - | €888 | +€888 | |
| Financial charges | 65/66B | €28,405 | €28,317 | -€88 | -0.3% |
| Recurring financial charges | 65 | €28,405 | €28,317 | -€88 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,594 | -€18,632 | +€46,962 | +71.6% |
| Income taxes | 67/77 | €1,801 | - | -€1,801 | |
| Profit (loss) for the period | 9904 | -€67,395 | -€18,632 | +€48,763 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,395 | -€18,632 | +€48,763 | +72.4% |
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 14 October 2026 via checked.be.