L² Consultancy: 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.
L² Consultancy
Largest movements
- Cash +€121,071
up €121,071 (+136.0%), from €89,029 to €210,099
mainly Net result for the year (+€157,712) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€31,390
down €31,390 (-11.9%), from €264,485 to €233,094
of which Land and buildings: -€30,718
- Reserves +€84,264
up €84,264 (+9.0%), from €935,402 to €1.0m
of which Distributable reserves: +€84,264
- Current portion of long-term debt -€42,344
down €42,344 (-51.9%), from €81,666 to €39,321
- Debts after one year -€39,321
down €39,321 (-13.4%), from €294,536 to €255,215
- Gross operating margin -€5,247
down €5,247 (-3.7%), from €142,150 to €136,903
- Financial charges -€1,475
down €1,475 (-18.5%), from €7,990 to €6,515
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 | €1,362,771 | €1,360,360 | -€2,410 | -0.2% |
| Fixed assets | 21/28 | €1,148,481 | €1,117,091 | -€31,390 | -2.7% |
| Tangible fixed assets | 22/27 | €264,485 | €233,094 | -€31,390 | -11.9% |
| Land and buildings | 22 | €262,691 | €231,973 | -€30,718 | -11.7% |
| Furniture and vehicles | 24 | €1,794 | €1,121 | -€672 | -37.5% |
| Financial fixed assets | 28 | €883,997 | €883,997 | = | 0.0% |
| Current assets | 29/58 | €214,289 | €243,269 | +€28,980 | +13.5% |
| Amounts receivable within one year | 40/41 | €25,261 | €33,170 | +€7,909 | +31.3% |
| Trade receivables | 40 | - | €848 | +€848 | |
| Other amounts receivable | 41 | €25,261 | €32,322 | +€7,062 | +28.0% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €89,029 | €210,099 | +€121,071 | +136.0% |
| Total equity and liabilities | 10/49 | €1,362,771 | €1,360,360 | -€2,410 | -0.2% |
| Equity | 10/15 | €954,002 | €1,038,266 | +€84,264 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €935,402 | €1,019,666 | +€84,264 | +9.0% |
| Non-distributable reserves | 130/1 | €46,891 | €46,891 | = | 0.0% |
| Reserves not available under the articles | 1311 | €46,891 | €46,891 | = | 0.0% |
| Distributable reserves | 133 | €888,511 | €972,775 | +€84,264 | +9.5% |
| Amounts payable | 17/49 | €408,769 | €322,095 | -€86,674 | -21.2% |
| Amounts payable after more than one year | 17 | €294,536 | €255,215 | -€39,321 | -13.4% |
| Financial debts | 170/4 | €294,536 | €255,215 | -€39,321 | -13.4% |
| Amounts payable within one year | 42/48 | €114,233 | €66,880 | -€47,353 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €81,666 | €39,321 | -€42,344 | -51.9% |
| Trade debts | 44 | €6,050 | €5,912 | -€138 | -2.3% |
| Suppliers | 440/4 | €6,050 | €5,912 | -€138 | -2.3% |
| Taxes, remuneration and social security | 45 | €2,320 | - | -€2,320 | |
| Taxes | 450/3 | €2,320 | - | -€2,320 | |
| Other amounts payable | 47/48 | €24,196 | €21,647 | -€2,550 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,805 | €31,390 | -€414 | -1.3% |
| Other operating charges | 640/8 | €8,516 | €7,991 | -€525 | -6.2% |
| Gross operating margin | 9900 | €142,150 | €136,903 | -€5,247 | -3.7% |
| Operating profit (loss) | 9901 | €101,829 | €97,522 | -€4,308 | -4.2% |
| Financial income | 75/76B | €102,108 | €101,300 | -€808 | -0.8% |
| Recurring financial income | 75 | €102,108 | €101,300 | -€808 | -0.8% |
| Financial charges | 65/66B | €7,990 | €6,515 | -€1,475 | -18.5% |
| Recurring financial charges | 65 | €7,990 | €6,515 | -€1,475 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €195,947 | €192,306 | -€3,640 | -1.9% |
| Income taxes | 67/77 | €35,560 | €34,594 | -€966 | -2.7% |
| Profit (loss) for the period | 9904 | €160,386 | €157,712 | -€2,674 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €160,386 | €157,712 | -€2,674 | -1.7% |
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 9 October 2026 via checked.be.