L-co: 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-co
Largest movements
- Tangible fixed assets -€5,873
down €5,873 (-10.3%), from €57,074 to €51,201
of which Furniture and vehicles: -€19,928
- Cash +€5,744
up €5,744 (+13.6%), from €42,322 to €48,067
mainly Net result for the year (+€52,885) and Depreciation (+€24,899)
- Other debts +€13,062
up €13,062 (+22.8%), from €57,316 to €70,378
- Current portion of long-term debt -€9,340
down €9,340 (-89.3%), from €10,462 to €1,122
- Tax, wage and social debts -€1,627
down €1,627 (-21.3%), from €7,645 to €6,018
- Gross operating margin +€12,328
up €12,328 (+15.4%), from €80,138 to €92,466
- Taxes +€2,526
up €2,526 (+22.4%), from €11,294 to €13,820
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 | €137,729 | €138,129 | +€400 | +0.3% |
| Fixed assets | 21/28 | €57,074 | €51,201 | -€5,873 | -10.3% |
| Tangible fixed assets | 22/27 | €57,074 | €51,201 | -€5,873 | -10.3% |
| Plant, machinery and equipment | 23 | €3,954 | €3,466 | -€488 | -12.3% |
| Furniture and vehicles | 24 | €33,468 | €13,540 | -€19,928 | -59.5% |
| Other tangible fixed assets | 26 | €19,653 | €34,196 | +€14,543 | +74.0% |
| Current assets | 29/58 | €80,655 | €86,928 | +€6,272 | +7.8% |
| Amounts receivable within one year | 40/41 | €37,259 | €38,387 | +€1,127 | +3.0% |
| Trade receivables | 40 | €28,490 | €28,000 | -€490 | -1.7% |
| Other amounts receivable | 41 | €8,770 | €10,386 | +€1,617 | +18.4% |
| Cash at bank and in hand | 54/58 | €42,322 | €48,067 | +€5,744 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,074 | €475 | -€599 | -55.8% |
| Total equity and liabilities | 10/49 | €137,729 | €138,129 | +€400 | +0.3% |
| Equity | 10/15 | €59,825 | €59,825 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,225 | €41,225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,365 | €39,365 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €77,904 | €78,304 | +€400 | +0.5% |
| Amounts payable after more than one year | 17 | €890 | €0 | -€890 | -100.0% |
| Financial debts | 170/4 | €890 | €0 | -€890 | -100.0% |
| Amounts payable within one year | 42/48 | €76,071 | €77,754 | +€1,683 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €10,462 | €1,122 | -€9,340 | -89.3% |
| Trade debts | 44 | €648 | €236 | -€413 | -63.7% |
| Suppliers | 440/4 | €648 | €236 | -€413 | -63.7% |
| Taxes, remuneration and social security | 45 | €7,645 | €6,018 | -€1,627 | -21.3% |
| Taxes | 450/3 | €7,645 | €6,018 | -€1,627 | -21.3% |
| Other amounts payable | 47/48 | €57,316 | €70,378 | +€13,062 | +22.8% |
| Accrued charges and deferred income | 492/3 | €944 | €550 | -€394 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,838 | €24,899 | +€62 | +0.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €80,138 | €92,466 | +€12,328 | +15.4% |
| Operating profit (loss) | 9901 | €54,913 | €67,167 | +€12,254 | +22.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €577 | €462 | -€115 | -19.9% |
| Recurring financial charges | 65 | €577 | €462 | -€115 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €54,336 | €66,705 | +€12,369 | +22.8% |
| Income taxes | 67/77 | €11,294 | €13,820 | +€2,526 | +22.4% |
| Profit (loss) for the period | 9904 | €43,042 | €52,885 | +€9,844 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,042 | €52,885 | +€9,844 | +22.9% |
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.