By L&G: 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.
By L&G
Largest movements
- Receivables within one year -€9,595
down €9,595 (-26.0%), from €36,894 to €27,298
of which Trade receivables: -€12,844
- Deferred charges and accrued income +€2,353
up €2,353 (+93.2%), from €2,525 to €4,878
- Other debts +€9,681
up €9,681 (+48.7%), from €19,865 to €29,547
- Profit (loss) carried forward -€7,979
down €7,979 (-14.2%), from €56,082 to €48,103
- Debts after one year -€7,279
down €7,279 (-100%), from €7,279 to €0
- Current portion of long-term debt -€7,089
down €7,089 (-49.3%), from €14,368 to €7,279
- Short-term financial debts +€6,453
up €6,453 (+522%), from €1,235 to €7,689
- Gross operating margin -€12,802
down €12,802 (-21.7%), from €59,077 to €46,275
- Taxes -€3,004
down €3,004 (-63.2%), from €4,755 to €1,751
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 | €136,001 | €129,244 | -€6,757 | -5.0% |
| Fixed assets | 21/28 | €96,583 | €97,067 | +€485 | +0.5% |
| Tangible fixed assets | 22/27 | €6,583 | €7,067 | +€485 | +7.4% |
| Furniture and vehicles | 24 | €63 | €1,682 | +€1,619 | +2,559% |
| Other tangible fixed assets | 26 | €6,519 | €5,385 | -€1,134 | -17.4% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €39,418 | €32,176 | -€7,242 | -18.4% |
| Amounts receivable within one year | 40/41 | €36,894 | €27,298 | -€9,595 | -26.0% |
| Trade receivables | 40 | €36,833 | €23,989 | -€12,844 | -34.9% |
| Other amounts receivable | 41 | €60 | €3,309 | +€3,249 | +5,392% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,525 | €4,878 | +€2,353 | +93.2% |
| Total equity and liabilities | 10/49 | €136,001 | €129,244 | -€6,757 | -5.0% |
| Equity | 10/15 | €65,482 | €57,503 | -€7,979 | -12.2% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,082 | €48,103 | -€7,979 | -14.2% |
| Amounts payable | 17/49 | €70,519 | €71,741 | +€1,221 | +1.7% |
| Amounts payable after more than one year | 17 | €7,279 | €0 | -€7,279 | -100% |
| Financial debts | 170/4 | €7,279 | €0 | -€7,279 | -100% |
| Amounts payable within one year | 42/48 | €63,240 | €71,741 | +€8,500 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €14,368 | €7,279 | -€7,089 | -49.3% |
| Financial debts | 43 | €1,235 | €7,689 | +€6,453 | +522% |
| Credit institutions | 430/8 | €1,235 | €7,689 | +€6,453 | +522% |
| Trade debts | 44 | €9,225 | €12,851 | +€3,626 | +39.3% |
| Suppliers | 440/4 | €9,225 | €12,851 | +€3,626 | +39.3% |
| Taxes, remuneration and social security | 45 | €18,548 | €14,376 | -€4,172 | -22.5% |
| Taxes | 450/3 | €18,548 | €14,376 | -€4,172 | -22.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,865 | €29,547 | +€9,681 | +48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,229 | €1,567 | +€338 | +27.5% |
| Other operating charges | 640/8 | €1,305 | €1,268 | -€38 | -2.9% |
| Non-recurring operating charges | 66A | €0 | €1,271 | +€1,271 | |
| Gross operating margin | 9900 | €59,077 | €46,275 | -€12,802 | -21.7% |
| Operating profit (loss) | 9901 | €56,542 | €42,169 | -€14,373 | -25.4% |
| Financial income | 75/76B | €365 | €0 | -€365 | -100.0% |
| Recurring financial income | 75 | €365 | €0 | -€365 | -100.0% |
| Financial charges | 65/66B | €48,604 | €48,397 | -€207 | -0.4% |
| Recurring financial charges | 65 | €48,604 | €48,397 | -€207 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €8,303 | -€6,228 | -€14,531 | |
| Income taxes | 67/77 | €4,755 | €1,751 | -€3,004 | -63.2% |
| Profit (loss) for the period | 9904 | €3,548 | -€7,979 | -€11,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,548 | -€7,979 | -€11,527 |
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 23 October 2026 via checked.be.