L.A. CONNECT: 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.A. CONNECT
Largest movements
- Receivables within one year -€14,403
down €14,403 (-64.7%), from €22,253 to €7,850
- Cash +€11,548
new in 2025: €11,548
mainly Net result for the year (+€23,652) and Other debts (+€15,050)
- Stocks and contracts +€10,810
up €10,810 (+87.5%), from €12,352 to €23,162
- Financial fixed assets +€2,400
new in 2025: €2,400
- Deferred charges and accrued income +€734
new in 2025: €734
- Other debts +€15,050
up €15,050 (+113%), from €13,351 to €28,400
- Short-term financial debts -€5,391
down €5,391 (-100%), from €5,391 to €0
- Trade debts +€3,250
up €3,250 (+448%), from €726 to €3,976
- Tax, wage and social debts -€1,473
down €1,473 (-19.9%), from €7,415 to €5,942
- Write-downs -€17,021
down €17,021 (-61.2%), from €27,831 to €10,810
- Gross operating margin +€5,289
up €5,289 (+16.8%), from €31,425 to €36,714
- Depreciation -€4,112
down €4,112 (-100%), from €4,112 to €0
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 | €34,605 | €45,694 | +€11,089 | +32.0% |
| Fixed assets | 21/28 | - | €2,400 | +€2,400 | |
| Financial fixed assets | 28 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €34,605 | €43,294 | +€8,689 | +25.1% |
| Stocks and contracts in progress | 3 | €12,352 | €23,162 | +€10,810 | +87.5% |
| Stocks | 30/36 | €12,352 | €23,162 | +€10,810 | +87.5% |
| Amounts receivable within one year | 40/41 | €22,253 | €7,850 | -€14,403 | -64.7% |
| Trade receivables | 40 | €22,253 | €7,850 | -€14,403 | -64.7% |
| Cash at bank and in hand | 54/58 | - | €11,548 | +€11,548 | |
| Deferred charges and accrued income | 490/1 | - | €734 | +€734 | |
| Total equity and liabilities | 10/49 | €34,605 | €45,694 | +€11,089 | +32.0% |
| Equity | 10/15 | €7,723 | €7,375 | -€348 | -4.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €4,723 | €4,375 | -€348 | -7.4% |
| Amounts payable | 17/49 | €26,882 | €38,319 | +€11,436 | +42.5% |
| Amounts payable within one year | 42/48 | €26,882 | €38,319 | +€11,436 | +42.5% |
| Financial debts | 43 | €5,391 | €0 | -€5,391 | -100% |
| Credit institutions | 430/8 | €5,391 | €0 | -€5,391 | -100% |
| Trade debts | 44 | €726 | €3,976 | +€3,250 | +448% |
| Suppliers | 440/4 | €726 | €3,976 | +€3,250 | +448% |
| Taxes, remuneration and social security | 45 | €7,415 | €5,942 | -€1,473 | -19.9% |
| Taxes | 450/3 | €7,415 | €5,942 | -€1,473 | -19.9% |
| Other amounts payable | 47/48 | €13,351 | €28,400 | +€15,050 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,112 | €0 | -€4,112 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,831 | €10,810 | -€17,021 | -61.2% |
| Other operating charges | 640/8 | €935 | €598 | -€337 | -36.0% |
| Gross operating margin | 9900 | €31,425 | €36,714 | +€5,289 | +16.8% |
| Operating profit (loss) | 9901 | -€1,453 | €25,306 | +€26,759 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €396 | €736 | +€340 | +85.9% |
| Recurring financial charges | 65 | €396 | €736 | +€340 | +85.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,849 | €24,574 | +€26,423 | |
| Income taxes | 67/77 | €886 | €922 | +€36 | +4.1% |
| Profit (loss) for the period | 9904 | -€2,734 | €23,652 | +€26,386 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,734 | €23,652 | +€26,386 |
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.