L.AN: 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.AN
Largest movements
- Receivables within one year +€6,445
up €6,445 (+37.6%), from €17,120 to €23,565
of which Other amounts receivable: +€10,875
- Tangible fixed assets -€4,488
down €4,488 (-26.1%), from €17,198 to €12,710
- Cash +€4,467
up €4,467 (+92.5%), from €4,828 to €9,295
mainly Depreciation (+€5,488) and Stocks and contracts (+€3,700)
- Stocks and contracts -€3,700
down €3,700 (-43.0%), from €8,600 to €4,900
of which Contracts in progress: -€2,850
- Profit (loss) carried forward +€3,138
up €3,138 (+31.7%), from -€9,886 to -€6,748
- Gross operating margin +€11,185
up €11,185, from -€2,269 to €8,916
- Depreciation -€4,278
down €4,278 (-43.8%), from €9,766 to €5,488
- Other operating charges -€167
down €167 (-18.7%), from €896 to €729
- Financial income +€108
up €108 (+28.0%), from €384 to €492
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 | €82,130 | €84,994 | +€2,864 | +3.5% |
| Fixed assets | 21/28 | €17,198 | €12,710 | -€4,488 | -26.1% |
| Tangible fixed assets | 22/27 | €17,198 | €12,710 | -€4,488 | -26.1% |
| Land and buildings | 22 | €7,367 | €5,891 | -€1,476 | -20.0% |
| Plant, machinery and equipment | 23 | €1,748 | €1,068 | -€679 | -38.9% |
| Furniture and vehicles | 24 | €7,383 | €5,401 | -€1,982 | -26.8% |
| Other tangible fixed assets | 26 | €700 | €350 | -€350 | -50.0% |
| Current assets | 29/58 | €64,932 | €72,284 | +€7,352 | +11.3% |
| Stocks and contracts in progress | 3 | €8,600 | €4,900 | -€3,700 | -43.0% |
| Stocks | 30/36 | €4,750 | €3,900 | -€850 | -17.9% |
| Contracts in progress | 37 | €3,850 | €1,000 | -€2,850 | -74.0% |
| Amounts receivable within one year | 40/41 | €17,120 | €23,565 | +€6,445 | +37.6% |
| Trade receivables | 40 | €4,430 | €0 | -€4,430 | -100% |
| Other amounts receivable | 41 | €12,690 | €23,565 | +€10,875 | +85.7% |
| Current investments | 50/53 | €30,128 | €30,231 | +€102 | +0.3% |
| Cash at bank and in hand | 54/58 | €4,828 | €9,295 | +€4,467 | +92.5% |
| Deferred charges and accrued income | 490/1 | €4,255 | €4,293 | +€38 | +0.9% |
| Total equity and liabilities | 10/49 | €82,130 | €84,994 | +€2,864 | +3.5% |
| Equity | 10/15 | €78,564 | €81,702 | +€3,138 | +4.0% |
| Contributions | 10/11 | €6,240 | €6,240 | = | 0.0% |
| Reserves | 13 | €82,210 | €82,210 | = | 0.0% |
| Distributable reserves | 133 | €82,210 | €82,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,886 | -€6,748 | +€3,138 | +31.7% |
| Amounts payable | 17/49 | €3,566 | €3,292 | -€273 | -7.7% |
| Amounts payable within one year | 42/48 | €3,566 | €3,292 | -€273 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,966 | €2,692 | -€273 | -9.2% |
| Suppliers | 440/4 | €2,966 | €2,692 | -€273 | -9.2% |
| Taxes, remuneration and social security | 45 | €600 | €600 | = | 0.0% |
| Taxes | 450/3 | €600 | €600 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,766 | €5,488 | -€4,278 | -43.8% |
| Other operating charges | 640/8 | €896 | €729 | -€167 | -18.7% |
| Non-recurring operating charges | 66A | €93 | €0 | -€93 | -100% |
| Gross operating margin | 9900 | -€2,269 | €8,916 | +€11,185 | |
| Operating profit (loss) | 9901 | -€13,024 | €2,699 | +€15,724 | |
| Financial income | 75/76B | €384 | €492 | +€108 | +28.0% |
| Recurring financial income | 75 | €384 | €492 | +€108 | +28.0% |
| Financial charges | 65/66B | €112 | €113 | +€0 | +0.4% |
| Recurring financial charges | 65 | €112 | €113 | +€0 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,752 | €3,079 | +€15,831 | |
| Income taxes | 67/77 | €0 | -€59 | -€59 | |
| Profit (loss) for the period | 9904 | -€12,752 | €3,138 | +€15,890 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,752 | €3,138 | +€15,890 |
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.