L CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€13,653
down €13,653 (-25.9%), from €52,659 to €39,005
of which Leasing and similar rights: -€11,234
- Cash -€10,589
down €10,589 (-98.0%), from €10,800 to €211
mainly Debts after one year (-€19,196) and Trade debts (-€7,680)
- Deferred charges and accrued income -€1,889
down €1,889 (-94.0%), from €2,010 to €121
- Receivables within one year +€1,461
up €1,461 (+13.3%), from €11,005 to €12,467
of which Other amounts receivable: +€1,579
- Debts after one year -€19,196
down €19,196 (-72.1%), from €26,629 to €7,433
- Other debts +€11,678
new in 2025: €11,678
- Trade debts -€7,680
down €7,680 (-27.6%), from €27,839 to €20,159
- Tax, wage and social debts -€4,462
down €4,462 (-63.6%), from €7,014 to €2,552
- Profit (loss) carried forward -€3,732
down €3,732 (-32.7%), from -€11,410 to -€15,142
- Gross operating margin -€4,609
down €4,609 (-22.7%), from €20,271 to €15,663
- Taxes -€1,252
down €1,252 (-65.8%), from €1,905 to €652
- Other operating charges +€1,236
up €1,236 (+247.3%), from €500 to €1,736
- Depreciation +€956
up €956 (+7.4%), from €12,959 to €13,915
- Financial charges -€769
down €769 (-19.9%), from €3,860 to €3,091
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 | €79,020 | €54,088 | -€24,932 | -31.6% |
| Fixed assets | 21/28 | €55,205 | €41,289 | -€13,915 | -25.2% |
| Intangible fixed assets | 21 | €262 | - | -€262 | |
| Tangible fixed assets | 22/27 | €52,659 | €39,005 | -€13,653 | -25.9% |
| Plant, machinery and equipment | 23 | €4,581 | €2,926 | -€1,656 | -36.1% |
| Furniture and vehicles | 24 | €3,141 | €2,377 | -€763 | -24.3% |
| Leasing and similar rights | 25 | €44,936 | €33,702 | -€11,234 | -25.0% |
| Financial fixed assets | 28 | €2,284 | €2,284 | = | 0.0% |
| Current assets | 29/58 | €23,815 | €12,798 | -€11,016 | -46.3% |
| Amounts receivable within one year | 40/41 | €11,005 | €12,467 | +€1,461 | +13.3% |
| Trade receivables | 40 | €10,155 | €10,037 | -€118 | -1.2% |
| Other amounts receivable | 41 | €851 | €2,430 | +€1,579 | +185.7% |
| Cash at bank and in hand | 54/58 | €10,800 | €211 | -€10,589 | -98.0% |
| Deferred charges and accrued income | 490/1 | €2,010 | €121 | -€1,889 | -94.0% |
| Total equity and liabilities | 10/49 | €79,020 | €54,088 | -€24,932 | -31.6% |
| Equity | 10/15 | -€3,350 | -€7,082 | -€3,732 | -111.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€11,410 | -€15,142 | -€3,732 | -32.7% |
| Amounts payable | 17/49 | €82,370 | €61,170 | -€21,200 | -25.7% |
| Amounts payable after more than one year | 17 | €26,629 | €7,433 | -€19,196 | -72.1% |
| Financial debts | 170/4 | €26,629 | €7,433 | -€19,196 | -72.1% |
| Amounts payable within one year | 42/48 | €55,741 | €53,737 | -€2,004 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €20,887 | €19,196 | -€1,691 | -8.1% |
| Financial debts | 43 | - | €151 | +€151 | |
| Credit institutions | 430/8 | - | €151 | +€151 | |
| Trade debts | 44 | €27,839 | €20,159 | -€7,680 | -27.6% |
| Suppliers | 440/4 | €27,839 | €20,159 | -€7,680 | -27.6% |
| Taxes, remuneration and social security | 45 | €7,014 | €2,552 | -€4,462 | -63.6% |
| Taxes | 450/3 | €7,014 | €2,552 | -€4,462 | -63.6% |
| Other amounts payable | 47/48 | - | €11,678 | +€11,678 | |
| Remuneration, social security and pensions | 62 | €19 | - | -€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,959 | €13,915 | +€956 | +7.4% |
| Other operating charges | 640/8 | €500 | €1,736 | +€1,236 | +247.3% |
| Gross operating margin | 9900 | €20,271 | €15,663 | -€4,609 | -22.7% |
| Operating profit (loss) | 9901 | €6,794 | €11 | -€6,782 | -99.8% |
| Financial income | 75/76B | €38 | - | -€38 | |
| Recurring financial income | 75 | €38 | - | -€38 | |
| Financial charges | 65/66B | €3,860 | €3,091 | -€769 | -19.9% |
| Recurring financial charges | 65 | €3,860 | €3,091 | -€769 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €2,971 | -€3,079 | -€6,051 | |
| Income taxes | 67/77 | €1,905 | €652 | -€1,252 | -65.8% |
| Profit (loss) for the period | 9904 | €1,067 | -€3,732 | -€4,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,067 | -€3,732 | -€4,798 |
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 7 October 2026 via checked.be.