L&A MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€7,664
down €7,664 (-29.6%), from €25,903 to €18,239
of which Furniture and vehicles: -€5,075
- Cash -€5,783
down €5,783 (-23.5%), from €24,619 to €18,836
mainly Trade debts (-€7,137) and Tax, wage and social debts (-€4,511)
- Receivables within one year +€3,663
up €3,663 (+31.3%), from €11,694 to €15,357
of which Other amounts receivable: +€2,464
- Stocks and contracts -€837
down €837 (-4.7%), from €17,629 to €16,792
- Trade debts -€7,137
down €7,137 (-50.3%), from €14,175 to €7,038
- Tax, wage and social debts -€4,511
down €4,511 (-33.6%), from €13,413 to €8,902
- Gross operating margin -€5,804
down €5,804 (-42.0%), from €13,822 to €8,018
- Taxes -€1,646
down €1,646 (-74.3%), from €2,215 to €568
- Depreciation -€524
down €524 (-6.4%), from €8,238 to €7,714
- Financial income +€213
up €213 (+43.4%), from €489 to €702
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 | €82,267 | €70,842 | -€11,425 | -13.9% |
| Fixed assets | 21/28 | €25,953 | €18,239 | -€7,714 | -29.7% |
| Intangible fixed assets | 21 | €50 | - | -€50 | |
| Tangible fixed assets | 22/27 | €25,903 | €18,239 | -€7,664 | -29.6% |
| Furniture and vehicles | 24 | €5,075 | - | -€5,075 | |
| Other tangible fixed assets | 26 | €20,828 | €18,239 | -€2,589 | -12.4% |
| Current assets | 29/58 | €56,314 | €52,602 | -€3,711 | -6.6% |
| Stocks and contracts in progress | 3 | €17,629 | €16,792 | -€837 | -4.7% |
| Stocks | 30/36 | €17,629 | €16,792 | -€837 | -4.7% |
| Amounts receivable within one year | 40/41 | €11,694 | €15,357 | +€3,663 | +31.3% |
| Trade receivables | 40 | €217 | €1,416 | +€1,199 | +553% |
| Other amounts receivable | 41 | €11,477 | €13,941 | +€2,464 | +21.5% |
| Cash at bank and in hand | 54/58 | €24,619 | €18,836 | -€5,783 | -23.5% |
| Deferred charges and accrued income | 490/1 | €2,372 | €1,618 | -€754 | -31.8% |
| Total equity and liabilities | 10/49 | €82,267 | €70,842 | -€11,425 | -13.9% |
| Equity | 10/15 | €54,679 | €54,901 | +€222 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,079 | €36,301 | +€222 | +0.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,219 | €34,441 | +€222 | +0.6% |
| Amounts payable | 17/49 | €27,588 | €15,940 | -€11,648 | -42.2% |
| Amounts payable within one year | 42/48 | €27,588 | €15,940 | -€11,648 | -42.2% |
| Trade debts | 44 | €14,175 | €7,038 | -€7,137 | -50.3% |
| Suppliers | 440/4 | €14,175 | €7,038 | -€7,137 | -50.3% |
| Taxes, remuneration and social security | 45 | €13,413 | €8,902 | -€4,511 | -33.6% |
| Taxes | 450/3 | €13,413 | €8,902 | -€4,511 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,238 | €7,714 | -€524 | -6.4% |
| Other operating charges | 640/8 | €224 | €112 | -€112 | -50.0% |
| Gross operating margin | 9900 | €13,822 | €8,018 | -€5,804 | -42.0% |
| Operating profit (loss) | 9901 | €5,360 | €192 | -€5,168 | -96.4% |
| Financial income | 75/76B | €489 | €702 | +€213 | +43.4% |
| Recurring financial income | 75 | €489 | €702 | +€213 | +43.4% |
| Financial charges | 65/66B | €112 | €103 | -€9 | -8.2% |
| Recurring financial charges | 65 | €112 | €103 | -€9 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €5,737 | €791 | -€4,946 | -86.2% |
| Income taxes | 67/77 | €2,215 | €568 | -€1,646 | -74.3% |
| Profit (loss) for the period | 9904 | €3,522 | €222 | -€3,300 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,522 | €222 | -€3,300 | -93.7% |
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 22 October 2026 via checked.be.