L-24: 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.
L-24
Largest movements
- Receivables within one year -€86,912
down €86,912 (-87.0%), from €99,909 to €12,997
of which Trade receivables: -€86,925
- Cash -€40,229
down €40,229 (-79.4%), from €50,688 to €10,459
mainly Trade debts (-€60,220) and Other debts (-€35,466)
- Tangible fixed assets -€32,919
down €32,919 (-2.9%), from €1.1m to €1.1m
of which Land and buildings: -€20,805
- Deferred charges and accrued income +€14,802
up €14,802 (+1453.5%), from €1,018 to €15,820
- Trade debts -€60,220
down €60,220 (-34.8%), from €173,086 to €112,866
- Other debts -€35,466
down €35,466 (-8.1%), from €435,245 to €399,779
- Debts after one year -€18,398
down €18,398 (-5.1%), from €357,874 to €339,476
- Profit (loss) carried forward -€18,103
down €18,103 (-23.6%), from -€76,687 to -€94,791
- Gross operating margin -€40,879
down €40,879 (-36.8%), from €111,191 to €70,311
- Taxes +€25,831
up €25,831 (+7399.4%), from €349 to €26,180
- Depreciation +€3,653
up €3,653 (+6.8%), from €53,896 to €57,549
- Other operating charges -€3,214
down €3,214 (-39.3%), from €8,173 to €4,959
- Financial charges -€1,648
down €1,648 (-26.3%), from €6,263 to €4,616
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.
Cash bridge derived
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 | €1,284,970 | €1,139,711 | -€145,258 | -11.3% |
| Fixed assets | 21/28 | €1,133,354 | €1,100,435 | -€32,919 | -2.9% |
| Tangible fixed assets | 22/27 | €1,133,348 | €1,100,429 | -€32,919 | -2.9% |
| Land and buildings | 22 | €1,049,694 | €1,028,889 | -€20,805 | -2.0% |
| Plant, machinery and equipment | 23 | €4,816 | €12,371 | +€7,555 | +156.9% |
| Furniture and vehicles | 24 | €78,838 | €59,169 | -€19,669 | -24.9% |
| Financial fixed assets | 28 | €6 | €6 | = | 0.0% |
| Current assets | 29/58 | €151,615 | €39,276 | -€112,340 | -74.1% |
| Amounts receivable within one year | 40/41 | €99,909 | €12,997 | -€86,912 | -87.0% |
| Trade receivables | 40 | €98,208 | €11,283 | -€86,925 | -88.5% |
| Other amounts receivable | 41 | €1,702 | €1,714 | +€13 | +0.7% |
| Cash at bank and in hand | 54/58 | €50,688 | €10,459 | -€40,229 | -79.4% |
| Deferred charges and accrued income | 490/1 | €1,018 | €15,820 | +€14,802 | +1453.5% |
| Total equity and liabilities | 10/49 | €1,284,970 | €1,139,711 | -€145,258 | -11.3% |
| Equity | 10/15 | €244,613 | €222,843 | -€21,770 | -8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €308,900 | €305,233 | -€3,667 | -1.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,561 | €114,894 | -€3,667 | -3.1% |
| Distributable reserves | 133 | €188,484 | €188,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,687 | -€94,791 | -€18,103 | -23.6% |
| Provisions and deferred taxes | 16 | €39,520 | €38,298 | -€1,222 | -3.1% |
| Deferred taxes | 168 | €39,520 | €38,298 | -€1,222 | -3.1% |
| Amounts payable | 17/49 | €1,000,836 | €878,570 | -€122,266 | -12.2% |
| Amounts payable after more than one year | 17 | €357,874 | €339,476 | -€18,398 | -5.1% |
| Financial debts | 170/4 | €357,874 | €339,476 | -€18,398 | -5.1% |
| Amounts payable within one year | 42/48 | €642,962 | €539,094 | -€103,868 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €18,191 | €19,906 | +€1,716 | +9.4% |
| Trade debts | 44 | €173,086 | €112,866 | -€60,220 | -34.8% |
| Suppliers | 440/4 | €173,086 | €112,866 | -€60,220 | -34.8% |
| Taxes, remuneration and social security | 45 | €16,441 | €6,542 | -€9,898 | -60.2% |
| Taxes | 450/3 | €16,441 | €6,542 | -€9,898 | -60.2% |
| Other amounts payable | 47/48 | €435,245 | €399,779 | -€35,466 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,896 | €57,549 | +€3,653 | +6.8% |
| Other operating charges | 640/8 | €8,173 | €4,959 | -€3,214 | -39.3% |
| Gross operating margin | 9900 | €111,191 | €70,311 | -€40,879 | -36.8% |
| Operating profit (loss) | 9901 | €49,122 | €7,803 | -€41,319 | -84.1% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €6,263 | €4,616 | -€1,648 | -26.3% |
| Recurring financial charges | 65 | €6,263 | €4,616 | -€1,648 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €42,861 | €3,187 | -€39,674 | -92.6% |
| Transfer from deferred taxes | 780 | €1,222 | €1,222 | = | 0.0% |
| Income taxes | 67/77 | €349 | €26,180 | +€25,831 | +7399.4% |
| Profit (loss) for the period | 9904 | €43,734 | -€21,770 | -€65,504 | |
| Transfer from tax-exempt reserves | 789 | €3,667 | €3,667 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,401 | -€18,103 | -€65,504 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.