L²Finances: 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.
L²Finances
Largest movements
- Current investments -€200,000
down €200,000 (-66.7%), from €300,000 to €100,000
- Cash +€124,376
up €124,376 (+292%), from €42,600 to €166,976
mainly Current investments (+€200,000) and Depreciation (+€25,274)
- Receivables within one year +€50,459
up €50,459 (+75.0%), from €67,250 to €117,709
- Tangible fixed assets -€24,648
down €24,648 (-5.0%), from €497,486 to €472,838
of which Land and buildings: -€24,287
- Debts after one year -€27,868
down €27,868 (-7.5%), from €372,710 to €344,841
- Reserves -€14,647
down €14,647 (-4.4%), from €330,693 to €316,046
of which Tax-exempt reserves: -€14,647
- Taxes +€12,876
up €12,876 (+7,585%), from €170 to €13,046
- Gross operating margin +€12,338
up €12,338, from -€1,107 to €11,232
- Financial income +€3,567
up €3,567 (+29.1%), from €12,248 to €15,815
- Financial charges -€863
down €863 (-8.1%), from €10,667 to €9,804
- Depreciation +€692
up €692 (+2.8%), from €24,582 to €25,274
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 | €912,194 | €860,659 | -€51,535 | -5.6% |
| Fixed assets | 21/28 | €498,061 | €473,413 | -€24,648 | -4.9% |
| Tangible fixed assets | 22/27 | €497,486 | €472,838 | -€24,648 | -5.0% |
| Land and buildings | 22 | €495,118 | €470,830 | -€24,287 | -4.9% |
| Furniture and vehicles | 24 | €2,368 | €2,007 | -€361 | -15.2% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €414,133 | €387,246 | -€26,887 | -6.5% |
| Amounts receivable within one year | 40/41 | €67,250 | €117,709 | +€50,459 | +75.0% |
| Other amounts receivable | 41 | €67,250 | €117,709 | +€50,459 | +75.0% |
| Current investments | 50/53 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Cash at bank and in hand | 54/58 | €42,600 | €166,976 | +€124,376 | +292% |
| Deferred charges and accrued income | 490/1 | €4,284 | €2,562 | -€1,722 | -40.2% |
| Total equity and liabilities | 10/49 | €912,194 | €860,659 | -€51,535 | -5.6% |
| Equity | 10/15 | €404,325 | €385,532 | -€18,794 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €330,693 | €316,046 | -€14,647 | -4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €317,458 | €302,811 | -€14,647 | -4.6% |
| Distributable reserves | 133 | €11,375 | €11,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,032 | €50,886 | -€4,147 | -7.5% |
| Provisions and deferred taxes | 16 | €105,819 | €100,937 | -€4,882 | -4.6% |
| Deferred taxes | 168 | €105,819 | €100,937 | -€4,882 | -4.6% |
| Amounts payable | 17/49 | €402,049 | €374,190 | -€27,859 | -6.9% |
| Amounts payable after more than one year | 17 | €372,710 | €344,841 | -€27,868 | -7.5% |
| Financial debts | 170/4 | €372,710 | €344,841 | -€27,868 | -7.5% |
| Amounts payable within one year | 42/48 | €29,340 | €29,349 | +€9 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €27,250 | €27,868 | +€618 | +2.3% |
| Trade debts | 44 | €1,854 | €1,134 | -€720 | -38.8% |
| Suppliers | 440/4 | €1,854 | €1,134 | -€720 | -38.8% |
| Taxes, remuneration and social security | 45 | €235 | €75 | -€160 | -68.2% |
| Taxes | 450/3 | €235 | €75 | -€160 | -68.2% |
| Other amounts payable | 47/48 | - | €272 | +€272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,582 | €25,274 | +€692 | +2.8% |
| Other operating charges | 640/8 | €2,974 | €2,598 | -€375 | -12.6% |
| Gross operating margin | 9900 | -€1,107 | €11,232 | +€12,338 | |
| Operating profit (loss) | 9901 | -€28,663 | -€16,641 | +€12,022 | +41.9% |
| Financial income | 75/76B | €12,248 | €15,815 | +€3,567 | +29.1% |
| Recurring financial income | 75 | €12,248 | €15,815 | +€3,567 | +29.1% |
| Financial charges | 65/66B | €10,667 | €9,804 | -€863 | -8.1% |
| Recurring financial charges | 65 | €10,667 | €9,804 | -€863 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,082 | -€10,630 | +€16,452 | +60.7% |
| Transfer from deferred taxes | 780 | €4,759 | €4,882 | +€123 | +2.6% |
| Income taxes | 67/77 | €170 | €13,046 | +€12,876 | +7,585% |
| Profit (loss) for the period | 9904 | -€22,493 | -€18,794 | +€3,699 | +16.4% |
| Transfer from tax-exempt reserves | 789 | €14,278 | €14,647 | +€369 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,214 | -€4,147 | +€4,068 | +49.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.