L CHOC: 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 CHOC
Largest movements
- Tangible fixed assets +€147,138
up €147,138 (+10,734%), from €1,371 to €148,508
of which Other tangible fixed assets: +€101,694
- Receivables within one year +€100,250
up €100,250 (+131%), from €76,730 to €176,980
of which Trade receivables: +€144,777
- Cash +€50,789
up €50,789 (+878%), from €5,786 to €56,575
mainly Trade debts (+€119,602) and Other debts (+€113,685)
- Intangible fixed assets -€28,000
down €28,000 (-20.7%), from €135,333 to €107,333
- Stocks and contracts +€6,321
up €6,321 (+40.1%), from €15,757 to €22,078
- Trade debts +€119,602
up €119,602 (+749%), from €15,969 to €135,571
- Other debts +€113,685
new in 2025: €113,685
- Accrued charges and deferred income -€59,478
down €59,478 (-99.1%), from €60,000 to €522
- Debts after one year +€51,886
up €51,886 (+81.4%), from €63,769 to €115,654
- Tax, wage and social debts +€30,524
up €30,524 (+132%), from €23,119 to €53,643
of which Taxes: +€28,357
- Gross operating margin +€159,237
up €159,237 (+79.8%), from €199,595 to €358,832
- Taxes +€29,936
up €29,936 (+481%), from €6,218 to €36,154
- Depreciation +€19,650
up €19,650 (+92.1%), from €21,327 to €40,977
- Other operating charges +€8,126
up €8,126 (+253%), from €3,215 to €11,342
- Staff costs +€6,290
up €6,290 (+4.2%), from €149,790 to €156,080
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 | €238,977 | €516,259 | +€277,283 | +116% |
| Fixed assets | 21/28 | €136,704 | €255,842 | +€119,138 | +87.1% |
| Intangible fixed assets | 21 | €135,333 | €107,333 | -€28,000 | -20.7% |
| Tangible fixed assets | 22/27 | €1,371 | €148,508 | +€147,138 | +10,734% |
| Plant, machinery and equipment | 23 | €1,371 | €10,391 | +€9,020 | +658% |
| Leasing and similar rights | 25 | - | €36,423 | +€36,423 | |
| Other tangible fixed assets | 26 | - | €101,694 | +€101,694 | |
| Current assets | 29/58 | €102,272 | €260,418 | +€158,145 | +155% |
| Stocks and contracts in progress | 3 | €15,757 | €22,078 | +€6,321 | +40.1% |
| Stocks | 30/36 | €15,757 | €22,078 | +€6,321 | +40.1% |
| Amounts receivable within one year | 40/41 | €76,730 | €176,980 | +€100,250 | +131% |
| Trade receivables | 40 | €4,853 | €149,629 | +€144,777 | +2,983% |
| Other amounts receivable | 41 | €71,877 | €27,351 | -€44,526 | -61.9% |
| Cash at bank and in hand | 54/58 | €5,786 | €56,575 | +€50,789 | +878% |
| Deferred charges and accrued income | 490/1 | €4,000 | €4,784 | +€784 | +19.6% |
| Total equity and liabilities | 10/49 | €238,977 | €516,259 | +€277,283 | +116% |
| Equity | 10/15 | €38,899 | €35,050 | -€3,849 | -9.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €25,050 | €25,050 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,849 | €0 | -€3,849 | -100% |
| Amounts payable | 17/49 | €200,078 | €481,209 | +€281,132 | +141% |
| Amounts payable after more than one year | 17 | €63,769 | €115,654 | +€51,886 | +81.4% |
| Financial debts | 170/4 | €63,769 | €115,654 | +€51,886 | +81.4% |
| Amounts payable within one year | 42/48 | €76,309 | €365,032 | +€288,724 | +378% |
| Current portion of amounts payable after more than one year | 42 | €30,717 | €47,312 | +€16,595 | +54.0% |
| Financial debts | 43 | €6,504 | €0 | -€6,504 | -100% |
| Credit institutions | 430/8 | €6,504 | €0 | -€6,504 | -100% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €15,969 | €135,571 | +€119,602 | +749% |
| Suppliers | 440/4 | €15,969 | €135,571 | +€119,602 | +749% |
| Advances received on contracts in progress | 46 | - | €14,822 | +€14,822 | |
| Taxes, remuneration and social security | 45 | €23,119 | €53,643 | +€30,524 | +132% |
| Taxes | 450/3 | €982 | €29,339 | +€28,357 | +2,887% |
| Remuneration and social security | 454/9 | €22,137 | €24,304 | +€2,167 | +9.8% |
| Other amounts payable | 47/48 | - | €113,685 | +€113,685 | |
| Accrued charges and deferred income | 492/3 | €60,000 | €522 | -€59,478 | -99.1% |
| Remuneration, social security and pensions | 62 | €149,790 | €156,080 | +€6,290 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,327 | €40,977 | +€19,650 | +92.1% |
| Other operating charges | 640/8 | €3,215 | €11,342 | +€8,126 | +253% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €199,595 | €358,832 | +€159,237 | +79.8% |
| Operating profit (loss) | 9901 | €25,263 | €150,433 | +€125,170 | +495% |
| Financial income | 75/76B | €5,158 | €9,017 | +€3,859 | +74.8% |
| Recurring financial income | 75 | €5,158 | €9,017 | +€3,859 | +74.8% |
| Financial charges | 65/66B | €12,210 | €13,460 | +€1,250 | +10.2% |
| Recurring financial charges | 65 | €12,210 | €13,460 | +€1,250 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €18,210 | €145,990 | +€127,780 | +702% |
| Income taxes | 67/77 | €6,218 | €36,154 | +€29,936 | +481% |
| Profit (loss) for the period | 9904 | €11,992 | €109,836 | +€97,844 | +816% |
| Transfer to tax-exempt reserves | 689 | €21,050 | €0 | -€21,050 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,058 | €109,836 | +€118,894 |
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 17 October 2026 via checked.be.