GROUP LN: 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.
What changed
GROUP LN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€144,214
2024 · -€64,833-€79,382
Equity
€1.4m
2024 · €1.7m-€314,214
Cash
€86,851
2024 · €134,588-€47,738
Balance sheet total
€3.2m
2024 · €3.4m-€175,604
Largest movements
Assets
- Intangible fixed assets -€125,894
down €125,894 (-100%), from €125,894 to €0
- Cash -€47,738
down €47,738 (-35.5%), from €134,588 to €86,851
mainly Contributions, distributions and other (-€170,000) and Net result for the year (-€144,214)
Equity and liabilities
- Reserves -€314,214
down €314,214 (-30.8%), from €1.0m to €706,633
- Other debts +€161,774
up €161,774 (+180%), from €89,838 to €251,611
- Debts after one year -€45,000
down €45,000 (-3.3%), from €1.4m to €1.3m
of which Other amounts payable: -€36,000
Income statement
- Financial income -€118,059
down €118,059 (-56.9%), from €207,344 to €89,285
- Gross operating margin +€57,623
up €57,623 (+35.9%), from €160,696 to €218,319
- Write-downs +€34,979
new in 2025: €34,979
- Financial charges -€20,290
down €20,290 (-16.5%), from €123,022 to €102,731
- Staff costs +€5,281
up €5,281 (+3.8%), from €137,649 to €142,930
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.
Result 2024
-€64,833
Gross operating margin
+€57,623
Staff costs
-€5,281
Depreciation
-€1,690
Write-downs
-€34,979
Other operating charges
+€2,478
Other operating items
+€200
Financial income
-€118,059
Financial charges
+€20,290
Taxes
+€36
Result 2025
-€144,214
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€199,359
Investment
-€32,097
Financing
-€215,000
Cash 2024
€134,588
From operations (derived)
+€199,359
Net result for the year
-€144,214
Depreciation
+€161,700
Stocks and contracts
+€19,018
Receivables within one year
-€27,659
Deferred charges and accrued income
+€6,904
Trade debts
+€4,899
Tax, wage and social debts
+€89
Other debts
+€161,774
Accrued charges and deferred income
+€16,848
Investment (derived)
-€32,097
Investment in fixed assets (net)
-€32,097
Financing
-€215,000
Debts after one year
-€45,000
Contributions, distributions and other
-€170,000
Cash 2025
€86,851
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,383,975 | €3,208,371 | -€175,604 | -5.2% |
| Fixed assets | 21/28 | €619,976 | €490,373 | -€129,603 | -20.9% |
| Intangible fixed assets | 21 | €125,894 | €0 | -€125,894 | -100% |
| Tangible fixed assets | 22/27 | €152,369 | €148,660 | -€3,709 | -2.4% |
| Land and buildings | 22 | €110,118 | €117,196 | +€7,078 | +6.4% |
| Plant, machinery and equipment | 23 | €464 | €275 | -€189 | -40.7% |
| Furniture and vehicles | 24 | €41,787 | €31,189 | -€10,598 | -25.4% |
| Financial fixed assets | 28 | €341,713 | €341,713 | = | 0.0% |
| Current assets | 29/58 | €2,763,998 | €2,717,998 | -€46,001 | -1.7% |
| Stocks and contracts in progress | 3 | €2,484,179 | €2,465,162 | -€19,018 | -0.8% |
| Stocks | 30/36 | €2,484,179 | €2,465,162 | -€19,018 | -0.8% |
| Amounts receivable within one year | 40/41 | €134,906 | €162,565 | +€27,659 | +20.5% |
| Trade receivables | 40 | €82,674 | €162,025 | +€79,351 | +96.0% |
| Other amounts receivable | 41 | €52,232 | €540 | -€51,692 | -99.0% |
| Cash at bank and in hand | 54/58 | €134,588 | €86,851 | -€47,738 | -35.5% |
| Deferred charges and accrued income | 490/1 | €10,325 | €3,421 | -€6,904 | -66.9% |
| Total equity and liabilities | 10/49 | €3,383,975 | €3,208,371 | -€175,604 | -5.2% |
| Equity | 10/15 | €1,709,848 | €1,395,633 | -€314,214 | -18.4% |
| Contributions | 10/11 | €689,000 | €689,000 | = | 0.0% |
| Reserves | 13 | €1,020,848 | €706,633 | -€314,214 | -30.8% |
| Distributable reserves | 133 | €1,020,848 | €706,633 | -€314,214 | -30.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,674,127 | €1,812,737 | +€138,610 | +8.3% |
| Amounts payable after more than one year | 17 | €1,382,524 | €1,337,524 | -€45,000 | -3.3% |
| Financial debts | 170/4 | €45,000 | €36,000 | -€9,000 | -20.0% |
| Other amounts payable | 178/9 | €1,337,524 | €1,301,524 | -€36,000 | -2.7% |
| Amounts payable within one year | 42/48 | €182,135 | €348,897 | +€166,762 | +91.6% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €9,000 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €33,418 | €38,318 | +€4,899 | +14.7% |
| Suppliers | 440/4 | €33,418 | €38,318 | +€4,899 | +14.7% |
| Taxes, remuneration and social security | 45 | €49,879 | €49,969 | +€89 | +0.2% |
| Taxes | 450/3 | €34,534 | €26,364 | -€8,170 | -23.7% |
| Remuneration and social security | 454/9 | €15,345 | €23,604 | +€8,259 | +53.8% |
| Other amounts payable | 47/48 | €89,838 | €251,611 | +€161,774 | +180% |
| Accrued charges and deferred income | 492/3 | €109,467 | €126,316 | +€16,848 | +15.4% |
| Non-recurring operating income | 76A | €14,527 | €5,311 | -€9,216 | -63.4% |
| Remuneration, social security and pensions | 62 | €137,649 | €142,930 | +€5,281 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,010 | €161,700 | +€1,690 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €34,979 | +€34,979 | |
| Other operating charges | 640/8 | €11,192 | €8,714 | -€2,478 | -22.1% |
| Non-recurring operating charges | 66A | €200 | €0 | -€200 | -100% |
| Gross operating margin | 9900 | €160,696 | €218,319 | +€57,623 | +35.9% |
| Operating profit (loss) | 9901 | -€148,355 | -€130,003 | +€18,351 | +12.4% |
| Financial income | 75/76B | €207,344 | €89,285 | -€118,059 | -56.9% |
| Recurring financial income | 75 | €207,344 | €89,285 | -€118,059 | -56.9% |
| Financial charges | 65/66B | €123,022 | €102,731 | -€20,290 | -16.5% |
| Recurring financial charges | 65 | €123,022 | €102,731 | -€20,290 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€64,032 | -€143,450 | -€79,418 | -124% |
| Income taxes | 67/77 | €800 | €765 | -€36 | -4.5% |
| Profit (loss) for the period | 9904 | -€64,833 | -€144,214 | -€79,382 | -122% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,833 | -€144,214 | -€79,382 | -122% |
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.