ASSOCIATION " L": 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.
ASSOCIATION " L"
Largest movements
- Stocks and contracts +€146,922
up €146,922 (+11.6%), from €1.3m to €1.4m
- Cash +€143,057
up €143,057 (+163%), from €87,968 to €231,025
mainly Other debts (+€316,514) and Net result for the year (+€240,275)
- Receivables within one year +€35,282
up €35,282 (+514%), from €6,863 to €42,144
- Advances received -€389,801
down €389,801 (-32.8%), from €1.2m to €798,325
- Other debts +€316,514
up €316,514 (+41.9%), from €756,093 to €1.1m
- Profit (loss) carried forward +€240,275
up €240,275 (+33.5%), from -€716,341 to -€476,066
- Tax, wage and social debts +€88,324
up €88,324 (+200%), from €44,103 to €132,427
- Trade debts +€82,614
up €82,614 (+213%), from €38,707 to €121,321
- Gross operating margin +€297,719
up €297,719, from -€15,938 to €281,781
- Financial charges +€7,113
up €7,113 (+19.1%), from €37,182 to €44,295
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 | €1,372,931 | €1,710,857 | +€337,926 | +24.6% |
| Fixed assets | 21/28 | €11,493 | €21,487 | +€9,994 | +87.0% |
| Tangible fixed assets | 22/27 | €1,493 | €11,487 | +€9,994 | +669% |
| Furniture and vehicles | 24 | €1,493 | €11,487 | +€9,994 | +669% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €1,361,438 | €1,689,370 | +€327,932 | +24.1% |
| Stocks and contracts in progress | 3 | €1,266,358 | €1,413,280 | +€146,922 | +11.6% |
| Stocks | 30/36 | €1,266,358 | €1,413,280 | +€146,922 | +11.6% |
| Amounts receivable within one year | 40/41 | €6,863 | €42,144 | +€35,282 | +514% |
| Trade receivables | 40 | €6,863 | €42,144 | +€35,282 | +514% |
| Cash at bank and in hand | 54/58 | €87,968 | €231,025 | +€143,057 | +163% |
| Deferred charges and accrued income | 490/1 | €249 | €2,920 | +€2,671 | +1,073% |
| Total equity and liabilities | 10/49 | €1,372,931 | €1,710,857 | +€337,926 | +24.6% |
| Equity | 10/15 | -€654,097 | -€413,822 | +€240,275 | +36.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €744 | €744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €744 | €744 | = | 0.0% |
| Legal reserve | 130 | €744 | €744 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€716,341 | -€476,066 | +€240,275 | +33.5% |
| Amounts payable | 17/49 | €2,027,028 | €2,124,679 | +€97,651 | +4.8% |
| Amounts payable within one year | 42/48 | €2,027,028 | €2,124,679 | +€97,651 | +4.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €38,707 | €121,321 | +€82,614 | +213% |
| Suppliers | 440/4 | €38,707 | €121,321 | +€82,614 | +213% |
| Advances received on contracts in progress | 46 | €1,188,126 | €798,325 | -€389,801 | -32.8% |
| Taxes, remuneration and social security | 45 | €44,103 | €132,427 | +€88,324 | +200% |
| Taxes | 450/3 | €44,103 | €132,427 | +€88,324 | +200% |
| Other amounts payable | 47/48 | €756,093 | €1,072,606 | +€316,514 | +41.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €801 | €2,375 | +€1,574 | +196% |
| Other operating charges | 640/8 | €513 | €588 | +€74 | +14.5% |
| Gross operating margin | 9900 | -€15,938 | €281,781 | +€297,719 | |
| Operating profit (loss) | 9901 | -€17,253 | €278,818 | +€296,071 | |
| Financial income | 75/76B | €4,287 | €5,752 | +€1,465 | +34.2% |
| Recurring financial income | 75 | €4,287 | €5,752 | +€1,465 | +34.2% |
| Financial charges | 65/66B | €37,182 | €44,295 | +€7,113 | +19.1% |
| Recurring financial charges | 65 | €37,182 | €44,295 | +€7,113 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€50,148 | €240,275 | +€290,423 | |
| Profit (loss) for the period | 9904 | -€50,148 | €240,275 | +€290,423 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,148 | €240,275 | +€290,423 |
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 13 October 2026 via checked.be.