L&C: what changed
Two fiscal 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&C
Largest movements
- Cash -€5,291
down €5,291 (-71.6%), from €7,384 to €2,094
mainly Receivables within one year (-€2,924) and Other debts (-€2,300)
- Receivables within one year +€2,924
up €2,924 (+32.4%), from €9,030 to €11,954
of which Trade receivables: +€2,381
- Trade debts +€2,321
up €2,321 (+25.7%), from €9,021 to €11,342
- Other debts -€2,300
down €2,300 (-89.0%), from €2,586 to €286
- Profit (loss) carried forward -€2,105
down €2,105 (-61.8%), from -€3,407 to -€5,512
- Current portion of long-term debt -€424
down €424 (-100.0%), from €424 to €0
- Turnover -€5,596
down €5,596 (-25.7%), from €21,790 to €16,194
- Purchases and services -€3,070
down €3,070 (-15.0%), from €20,507 to €17,437
- Gross operating margin -€2,751
down €2,751, from €1,508 to -€1,243
- Financial charges +€390
up €390 (+308.6%), from €126 to €516
- Depreciation -€370
no longer reported in 2025 (was €370)
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 | €21,564 | €19,198 | -€2,366 | -11.0% |
| Fixed assets | 21/28 | €3,800 | €3,800 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €17,764 | €15,398 | -€2,366 | -13.3% |
| Stocks and contracts in progress | 3 | €1,350 | €1,350 | = | 0.0% |
| Stocks | 30/36 | €1,350 | €1,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,030 | €11,954 | +€2,924 | +32.4% |
| Trade receivables | 40 | €4,651 | €7,032 | +€2,381 | +51.2% |
| Other amounts receivable | 41 | €4,379 | €4,922 | +€544 | +12.4% |
| Cash at bank and in hand | 54/58 | €7,384 | €2,094 | -€5,291 | -71.6% |
| Total equity and liabilities | 10/49 | €21,564 | €19,198 | -€2,366 | -11.0% |
| Equity | 10/15 | €7,693 | €5,588 | -€2,105 | -27.4% |
| Contributions | 10/11 | €11,100 | €11,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,407 | -€5,512 | -€2,105 | -61.8% |
| Amounts payable | 17/49 | €13,871 | €13,610 | -€261 | -1.9% |
| Amounts payable within one year | 42/48 | €13,871 | €13,610 | -€261 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €424 | €0 | -€424 | -100.0% |
| Trade debts | 44 | €9,021 | €11,342 | +€2,321 | +25.7% |
| Suppliers | 440/4 | €9,021 | €11,342 | +€2,321 | +25.7% |
| Taxes, remuneration and social security | 45 | €1,840 | €1,982 | +€142 | +7.7% |
| Taxes | 450/3 | €1,840 | €1,982 | +€142 | +7.7% |
| Other amounts payable | 47/48 | €2,586 | €286 | -€2,300 | -89.0% |
| Turnover | 70 | €21,790 | €16,194 | -€5,596 | -25.7% |
| Non-recurring operating income | 76A | €225 | - | -€225 | |
| Goods, raw materials, services and sundry goods | 60/61 | €20,507 | €17,437 | -€3,070 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | - | -€370 | |
| Other operating charges | 640/8 | €451 | €632 | +€181 | +40.2% |
| Gross operating margin | 9900 | €1,508 | -€1,243 | -€2,751 | |
| Operating profit (loss) | 9901 | €687 | -€1,875 | -€2,562 | |
| Financial income | 75/76B | - | €287 | +€287 | |
| Recurring financial income | 75 | - | €287 | +€287 | |
| Financial charges | 65/66B | €126 | €516 | +€390 | +308.6% |
| Recurring financial charges | 65 | €126 | €516 | +€390 | +308.6% |
| Profit (loss) for the period before taxes | 9903 | €560 | -€2,105 | -€2,665 | |
| Transfer to deferred taxes | 680 | €11 | - | -€11 | |
| Profit (loss) for the period | 9904 | €549 | -€2,105 | -€2,654 | |
| Profit (loss) for the period to be appropriated | 9905 | €549 | -€2,105 | -€2,654 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.