L GESTION: 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.
L GESTION
Largest movements
- Intangible fixed assets -€17,500
down €17,500 (-40.0%), from €43,750 to €26,250
- Receivables within one year +€16,743
up €16,743 (+51.8%), from €32,342 to €49,085
- Cash -€14,596
down €14,596 (-96.5%), from €15,119 to €523
mainly Trade debts (-€22,091) and Receivables within one year (-€16,743)
- Tangible fixed assets -€1,070
down €1,070 (-25.0%), from €4,279 to €3,209
- Trade debts -€22,091
down €22,091 (-36.9%), from €59,923 to €37,831
- Tax, wage and social debts +€5,634
up €5,634 (+201%), from €2,808 to €8,442
- Other operating charges -€26,498
no longer reported in 2025 (was €26,498)
- Gross operating margin -€25,555
down €25,555 (-57.2%), from €44,667 to €19,112
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 | €103,490 | €87,067 | -€16,423 | -15.9% |
| Fixed assets | 21/28 | €56,029 | €37,459 | -€18,570 | -33.1% |
| Intangible fixed assets | 21 | €43,750 | €26,250 | -€17,500 | -40.0% |
| Tangible fixed assets | 22/27 | €4,279 | €3,209 | -€1,070 | -25.0% |
| Other tangible fixed assets | 26 | €4,279 | €3,209 | -€1,070 | -25.0% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €47,461 | €49,608 | +€2,147 | +4.5% |
| Amounts receivable within one year | 40/41 | €32,342 | €49,085 | +€16,743 | +51.8% |
| Trade receivables | 40 | €32,342 | €49,085 | +€16,743 | +51.8% |
| Cash at bank and in hand | 54/58 | €15,119 | €523 | -€14,596 | -96.5% |
| Total equity and liabilities | 10/49 | €103,490 | €87,067 | -€16,423 | -15.9% |
| Equity | 10/15 | €39,454 | €39,488 | +€34 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €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% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,194 | €25,228 | +€34 | +0.1% |
| Amounts payable | 17/49 | €64,036 | €47,579 | -€16,458 | -25.7% |
| Amounts payable after more than one year | 17 | €1,305 | €1,305 | = | 0.0% |
| Other amounts payable | 178/9 | €1,305 | €1,305 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,731 | €46,273 | -€16,458 | -26.2% |
| Trade debts | 44 | €59,923 | €37,831 | -€22,091 | -36.9% |
| Suppliers | 440/4 | €59,923 | €37,831 | -€22,091 | -36.9% |
| Taxes, remuneration and social security | 45 | €2,808 | €8,442 | +€5,634 | +201% |
| Taxes | 450/3 | €2,808 | €8,442 | +€5,634 | +201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,570 | €18,570 | = | 0.0% |
| Other operating charges | 640/8 | €26,498 | - | -€26,498 | |
| Gross operating margin | 9900 | €44,667 | €19,112 | -€25,555 | -57.2% |
| Operating profit (loss) | 9901 | -€401 | €542 | +€944 | |
| Financial charges | 65/66B | €367 | €508 | +€141 | +38.3% |
| Recurring financial charges | 65 | €367 | €508 | +€141 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | -€769 | €34 | +€803 | |
| Profit (loss) for the period | 9904 | -€769 | €34 | +€803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€769 | €34 | +€803 |
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 16 October 2026 via checked.be.