L'CA PON: 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'CA PON
Largest movements
- Tangible fixed assets +€21,658
up €21,658 (+8.5%), from €253,823 to €275,480
of which Furniture and vehicles: +€30,358
- Cash +€18,645
up €18,645 (+383%), from €4,867 to €23,511
mainly Net result for the year (+€31,523) and Depreciation (+€12,353)
- Receivables within one year +€9,187
up €9,187 (+312%), from €2,944 to €12,131
of which Trade receivables: +€9,195
- Profit (loss) carried forward +€31,523
up €31,523 (+44.9%), from €70,269 to €101,792
- Trade debts +€10,279
up €10,279 (+284%), from €3,625 to €13,904
- Tax, wage and social debts +€7,738
up €7,738 (+99.7%), from €7,759 to €15,497
- Current portion of long-term debt +€4,309
up €4,309 (+24.0%), from €17,958 to €22,267
- Debts after one year -€3,818
down €3,818 (-2.8%), from €136,652 to €132,834
- Gross operating margin +€15,504
up €15,504 (+34.1%), from €45,458 to €60,962
- Depreciation +€3,653
up €3,653 (+42.0%), from €8,700 to €12,353
- Taxes +€1,556
up €1,556 (+22.6%), from €6,891 to €8,447
- Financial charges -€1,034
down €1,034 (-16.9%), from €6,111 to €5,077
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 | €262,158 | €311,647 | +€49,489 | +18.9% |
| Fixed assets | 21/28 | €254,098 | €275,755 | +€21,658 | +8.5% |
| Tangible fixed assets | 22/27 | €253,823 | €275,480 | +€21,658 | +8.5% |
| Land and buildings | 22 | €253,823 | €245,123 | -€8,700 | -3.4% |
| Furniture and vehicles | 24 | - | €30,358 | +€30,358 | |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €8,060 | €35,892 | +€27,831 | +345% |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,944 | €12,131 | +€9,187 | +312% |
| Trade receivables | 40 | €2,890 | €12,086 | +€9,195 | +318% |
| Other amounts receivable | 41 | €53 | €45 | -€8 | -15.3% |
| Cash at bank and in hand | 54/58 | €4,867 | €23,511 | +€18,645 | +383% |
| Total equity and liabilities | 10/49 | €262,158 | €311,647 | +€49,489 | +18.9% |
| Equity | 10/15 | €90,729 | €122,252 | +€31,523 | +34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,269 | €101,792 | +€31,523 | +44.9% |
| Amounts payable | 17/49 | €171,429 | €189,395 | +€17,966 | +10.5% |
| Amounts payable after more than one year | 17 | €136,652 | €132,834 | -€3,818 | -2.8% |
| Financial debts | 170/4 | €136,652 | €132,834 | -€3,818 | -2.8% |
| Amounts payable within one year | 42/48 | €34,778 | €56,562 | +€21,784 | +62.6% |
| Current portion of amounts payable after more than one year | 42 | €17,958 | €22,267 | +€4,309 | +24.0% |
| Trade debts | 44 | €3,625 | €13,904 | +€10,279 | +284% |
| Suppliers | 440/4 | €3,625 | €13,904 | +€10,279 | +284% |
| Taxes, remuneration and social security | 45 | €7,759 | €15,497 | +€7,738 | +99.7% |
| Taxes | 450/3 | €7,759 | €15,497 | +€7,738 | +99.7% |
| Other amounts payable | 47/48 | €5,436 | €4,893 | -€542 | -10.0% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,700 | €12,353 | +€3,653 | +42.0% |
| Other operating charges | 640/8 | €3,246 | €3,562 | +€316 | +9.7% |
| Non-recurring operating charges | 66A | €58 | - | -€58 | |
| Gross operating margin | 9900 | €45,458 | €60,962 | +€15,504 | +34.1% |
| Operating profit (loss) | 9901 | €33,455 | €45,048 | +€11,593 | +34.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,111 | €5,077 | -€1,034 | -16.9% |
| Recurring financial charges | 65 | €6,111 | €5,077 | -€1,034 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €27,345 | €39,970 | +€12,626 | +46.2% |
| Income taxes | 67/77 | €6,891 | €8,447 | +€1,556 | +22.6% |
| Profit (loss) for the period | 9904 | €20,454 | €31,523 | +€11,069 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,454 | €31,523 | +€11,069 | +54.1% |
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 15 October 2026 via checked.be.