L³: 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.
L³
Largest movements
- Cash -€2,213
down €2,213 (-99.7%), from €2,219 to €6
mainly Trade debts (-€4,855) and Net result for the year (-€2,491)
- Other debts +€6,153
up €6,153 (+5.4%), from €114,853 to €121,005
- Trade debts -€4,855
no longer reported in 2025 (was €4,855)
- Profit (loss) carried forward -€2,491
down €2,491 (-1.5%), from -€170,687 to -€173,178
- Tax, wage and social debts -€1,020
down €1,020 (-8.3%), from €12,297 to €11,277
- Staff costs +€3,516
no longer reported in 2025 (was -€3,516)
- Gross operating margin +€3,394
up €3,394 (+42.3%), from -€8,031 to -€4,637
- Financial charges -€1,318
down €1,318 (-93.7%), from €1,407 to €88
- Financial income +€314
up €314 (+15.3%), from €2,057 to €2,371
of which Financial income: +€2,257
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 | €2,228 | €15 | -€2,213 | -99.3% |
| Current assets | 29/58 | €2,228 | €15 | -€2,213 | -99.3% |
| Current investments | 50/53 | €9 | €9 | +€0 | +1.8% |
| Cash at bank and in hand | 54/58 | €2,219 | €6 | -€2,213 | -99.7% |
| Total equity and liabilities | 10/49 | €2,228 | €15 | -€2,213 | -99.3% |
| Equity | 10/15 | -€151,663 | -€154,154 | -€2,491 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €424 | €424 | = | 0.0% |
| Distributable reserves | 133 | €424 | €424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,687 | -€173,178 | -€2,491 | -1.5% |
| Amounts payable | 17/49 | €153,891 | €154,169 | +€278 | +0.2% |
| Amounts payable within one year | 42/48 | €153,891 | €154,169 | +€278 | +0.2% |
| Trade debts | 44 | €4,855 | - | -€4,855 | |
| Suppliers | 440/4 | €4,855 | - | -€4,855 | |
| Advances received on contracts in progress | 46 | €21,886 | €21,886 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,297 | €11,277 | -€1,020 | -8.3% |
| Taxes | 450/3 | €12,297 | €11,277 | -€1,020 | -8.3% |
| Other amounts payable | 47/48 | €114,853 | €121,005 | +€6,153 | +5.4% |
| Remuneration, social security and pensions | 62 | -€3,516 | - | +€3,516 | |
| Other operating charges | 640/8 | €62 | €137 | +€75 | +121% |
| Gross operating margin | 9900 | -€8,031 | -€4,637 | +€3,394 | +42.3% |
| Operating profit (loss) | 9901 | -€4,577 | -€4,774 | -€197 | -4.3% |
| Financial income | 75/76B | €2,057 | €2,371 | +€314 | +15.3% |
| Recurring financial income | 75 | €114 | €2,371 | +€2,257 | +1,978% |
| Non-recurring financial income | 76B | €1,943 | - | -€1,943 | |
| Financial charges | 65/66B | €1,407 | €88 | -€1,318 | -93.7% |
| Recurring financial charges | 65 | €1,407 | €88 | -€1,318 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,926 | -€2,491 | +€1,435 | +36.6% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -87.9% |
| Profit (loss) for the period | 9904 | -€3,927 | -€2,491 | +€1,436 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,927 | -€2,491 | +€1,436 | +36.6% |
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 16 October 2026 via checked.be.