L E M FORWARD: 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 E M FORWARD
Largest movements
- Cash +€4,833
up €4,833 (+26.4%), from €18,334 to €23,167
mainly Net result for the year (+€37,246) and Current portion of long-term debt (+€616)
- Profit (loss) carried forward +€37,246
up €37,246 (+49.4%), from €75,383 to €112,629
- Debts after one year -€28,596
down €28,596 (-18.3%), from €156,633 to €128,037
- Gross operating margin +€4,701
up €4,701 (+41.9%), from €11,211 to €15,912
- Financial charges -€4,303
down €4,303 (-41.8%), from €10,290 to €5,987
- Taxes +€1,267
up €1,267 (+112.8%), from €1,123 to €2,390
- Financial income -€1,204
down €1,204 (-3.8%), from €31,314 to €30,110
- Other operating charges +€400
new in 2025: €400
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 | €338,856 | €344,056 | +€5,200 | +1.5% |
| Fixed assets | 21/28 | €305,984 | €305,984 | = | 0.0% |
| Financial fixed assets | 28 | €305,984 | €305,984 | = | 0.0% |
| Current assets | 29/58 | €32,872 | €38,072 | +€5,200 | +15.8% |
| Amounts receivable within one year | 40/41 | €14,538 | €14,905 | +€367 | +2.5% |
| Trade receivables | 40 | €11,788 | €11,788 | = | 0.0% |
| Other amounts receivable | 41 | €2,750 | €3,117 | +€367 | +13.3% |
| Cash at bank and in hand | 54/58 | €18,334 | €23,167 | +€4,833 | +26.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €338,856 | €344,056 | +€5,200 | +1.5% |
| Equity | 10/15 | €85,383 | €122,629 | +€37,246 | +43.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,383 | €112,629 | +€37,246 | +49.4% |
| Amounts payable | 17/49 | €253,473 | €221,427 | -€32,046 | -12.6% |
| Amounts payable after more than one year | 17 | €156,633 | €128,037 | -€28,596 | -18.3% |
| Financial debts | 170/4 | €156,633 | €128,037 | -€28,596 | -18.3% |
| Amounts payable within one year | 42/48 | €92,180 | €91,242 | -€938 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €27,980 | €28,596 | +€616 | +2.2% |
| Trade debts | 44 | €1,372 | €1,791 | +€419 | +30.5% |
| Suppliers | 440/4 | €1,372 | €1,791 | +€419 | +30.5% |
| Taxes, remuneration and social security | 45 | €9,143 | €7,772 | -€1,372 | -15.0% |
| Taxes | 450/3 | €6,723 | €5,345 | -€1,377 | -20.5% |
| Remuneration and social security | 454/9 | €2,421 | €2,427 | +€6 | +0.2% |
| Other amounts payable | 47/48 | €53,684 | €53,083 | -€601 | -1.1% |
| Accrued charges and deferred income | 492/3 | €4,660 | €2,148 | -€2,512 | -53.9% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €11,211 | €15,912 | +€4,701 | +41.9% |
| Operating profit (loss) | 9901 | €11,211 | €15,512 | +€4,301 | +38.4% |
| Financial income | 75/76B | €31,314 | €30,110 | -€1,204 | -3.8% |
| Recurring financial income | 75 | €31,314 | €30,110 | -€1,204 | -3.8% |
| Financial charges | 65/66B | €10,290 | €5,987 | -€4,303 | -41.8% |
| Recurring financial charges | 65 | €10,290 | €5,987 | -€4,303 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €32,236 | €39,636 | +€7,400 | +23.0% |
| Income taxes | 67/77 | €1,123 | €2,390 | +€1,267 | +112.8% |
| Profit (loss) for the period | 9904 | €31,113 | €37,246 | +€6,133 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,113 | €37,246 | +€6,133 | +19.7% |
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 6 October 2026 via checked.be.