L.A3: 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.A3
Largest movements
- Current investments +€250,000
up €250,000, from €0 to €250,000
- Cash -€169,909
down €169,909 (-80.4%), from €211,432 to €41,523
mainly Current investments (-€250,000) and Debts after one year (-€77,512)
- Tangible fixed assets -€91,094
down €91,094 (-8.1%), from €1.1m to €1.0m
of which Furniture and vehicles: -€60,472
- Reserves +€160,094
up €160,094 (+16.6%), from €964,724 to €1.1m
of which Distributable reserves: +€162,126
- Profit (loss) carried forward -€136,455
down €136,455 (-100%), from €136,455 to €0
- Debts after one year -€77,512
down €77,512 (-26.1%), from €296,605 to €219,093
- Depreciation +€33,225
up €33,225 (+25.5%), from €130,377 to €163,602
- Financial income -€20,635
down €20,635 (-62.3%), from €33,135 to €12,500
- Taxes -€13,007
down €13,007 (-58.6%), from €22,191 to €9,184
- Financial charges +€6,708
up €6,708 (+59.2%), from €11,321 to €18,029
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 | €1,541,691 | €1,512,024 | -€29,667 | -1.9% |
| Fixed assets | 21/28 | €1,246,220 | €1,155,126 | -€91,094 | -7.3% |
| Tangible fixed assets | 22/27 | €1,127,220 | €1,036,126 | -€91,094 | -8.1% |
| Land and buildings | 22 | €851,219 | €818,660 | -€32,559 | -3.8% |
| Plant, machinery and equipment | 23 | €2,083 | €4,344 | +€2,261 | +109% |
| Furniture and vehicles | 24 | €216,139 | €155,667 | -€60,472 | -28.0% |
| Other tangible fixed assets | 26 | €57,779 | €57,454 | -€324 | -0.6% |
| Financial fixed assets | 28 | €119,000 | €119,000 | = | 0.0% |
| Current assets | 29/58 | €295,471 | €356,899 | +€61,428 | +20.8% |
| Stocks and contracts in progress | 3 | €5,266 | €910 | -€4,356 | -82.7% |
| Stocks | 30/36 | €5,266 | €910 | -€4,356 | -82.7% |
| Amounts receivable within one year | 40/41 | €70,604 | €56,074 | -€14,529 | -20.6% |
| Trade receivables | 40 | €39,825 | €31,063 | -€8,762 | -22.0% |
| Other amounts receivable | 41 | €30,778 | €25,011 | -€5,767 | -18.7% |
| Current investments | 50/53 | €0 | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €211,432 | €41,523 | -€169,909 | -80.4% |
| Deferred charges and accrued income | 490/1 | €8,169 | €8,391 | +€221 | +2.7% |
| Total equity and liabilities | 10/49 | €1,541,691 | €1,512,024 | -€29,667 | -1.9% |
| Equity | 10/15 | €1,119,779 | €1,143,418 | +€23,639 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €964,724 | €1,124,818 | +€160,094 | +16.6% |
| Tax-exempt reserves | 132 | €71,002 | €68,970 | -€2,032 | -2.9% |
| Distributable reserves | 133 | €893,722 | €1,055,848 | +€162,126 | +18.1% |
| Profit (loss) carried forward | 14 | €136,455 | €0 | -€136,455 | -100% |
| Provisions and deferred taxes | 16 | €15,014 | €14,506 | -€508 | -3.4% |
| Deferred taxes | 168 | €15,014 | €14,506 | -€508 | -3.4% |
| Amounts payable | 17/49 | €406,897 | €354,100 | -€52,797 | -13.0% |
| Amounts payable after more than one year | 17 | €296,605 | €219,093 | -€77,512 | -26.1% |
| Financial debts | 170/4 | €296,605 | €219,093 | -€77,512 | -26.1% |
| Amounts payable within one year | 42/48 | €110,292 | €135,007 | +€24,715 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €73,739 | €77,512 | +€3,773 | +5.1% |
| Trade debts | 44 | €9,093 | €19,837 | +€10,743 | +118% |
| Suppliers | 440/4 | €9,093 | €19,837 | +€10,743 | +118% |
| Taxes, remuneration and social security | 45 | €16,920 | €20,012 | +€3,092 | +18.3% |
| Taxes | 450/3 | €16,920 | €20,012 | +€3,092 | +18.3% |
| Other amounts payable | 47/48 | €10,540 | €17,646 | +€7,107 | +67.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €21,449 | €7,434 | -€14,015 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,377 | €163,602 | +€33,225 | +25.5% |
| Other operating charges | 640/8 | €5,208 | €6,221 | +€1,013 | +19.4% |
| Gross operating margin | 9900 | €209,284 | €208,500 | -€784 | -0.4% |
| Operating profit (loss) | 9901 | €73,698 | €38,677 | -€35,021 | -47.5% |
| Financial income | 75/76B | €33,135 | €12,500 | -€20,635 | -62.3% |
| Recurring financial income | 75 | €33,135 | €12,500 | -€20,635 | -62.3% |
| Financial charges | 65/66B | €11,321 | €18,029 | +€6,708 | +59.2% |
| Recurring financial charges | 65 | €11,321 | €18,029 | +€6,708 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €95,512 | €33,148 | -€62,364 | -65.3% |
| Transfer from deferred taxes | 780 | €240 | €508 | +€268 | +112% |
| Income taxes | 67/77 | €22,191 | €9,184 | -€13,007 | -58.6% |
| Profit (loss) for the period | 9904 | €73,561 | €24,472 | -€49,090 | -66.7% |
| Transfer from tax-exempt reserves | 789 | €960 | €2,032 | +€1,071 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €74,522 | €26,503 | -€48,018 | -64.4% |
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.