L+ Invest: what changed
What changed
L+ Invest
filed annual accounts (NBB)
Net result for the year
-€72,059
2024 · €9,969-€82,028
Equity
-€64,500
2024 · €7,559-€72,059
Cash
€37,831
2024 · €68,194-€30,363
Balance sheet total
€4.2m
2024 · €4.1m+€89,991
Largest movements
Assets
- Tangible fixed assets +€124,977
up €124,977 (+3.1%), from €4.0m to €4.2m
of which Land and buildings: +€128,357
Equity and liabilities
- Short-term financial debts +€200,000
new in 2025: €200,000
- Trade debts -€83,543
down €83,543 (-96.8%), from €86,287 to €2,744
- Profit (loss) carried forward -€72,059
down €72,059 (-14.6%), from -€492,441 to -€564,500
- Other debts +€46,888
up €46,888 (+37.7%), from €124,509 to €171,397
Income statement
- Gross operating margin -€42,941
down €42,941 (-19.5%), from €220,295 to €177,355
- Depreciation +€30,031
up €30,031 (+15.3%), from €196,588 to €226,619
- Financial charges +€5,798
up €5,798 (+690%), from €840 to €6,638
- Other operating charges +€4,118
up €4,118 (+31.9%), from €12,898 to €17,016
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,969
Gross operating margin
-€42,941
Depreciation
-€30,031
Other operating charges
-€4,118
Financial income
+€860
Financial charges
-€5,798
Result 2025
-€72,059
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€121,233
Investment
-€351,596
Financing
+€200,000
Cash 2024
€68,194
From operations (derived)
+€121,233
Net result for the year
-€72,059
Depreciation
+€226,619
Receivables within one year
+€5,235
Deferred charges and accrued income
-€613
Trade debts
-€83,543
Other debts
+€46,888
Accrued charges and deferred income
-€1,295
Investment (derived)
-€351,596
Investment in fixed assets (net)
-€351,596
Financing
+€200,000
Short-term financial debts
+€200,000
Cash 2025
€37,831
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,122,250 | €4,212,242 | +€89,991 | +2.2% |
| Fixed assets | 21/28 | €4,044,868 | €4,169,844 | +€124,977 | +3.1% |
| Tangible fixed assets | 22/27 | €4,044,868 | €4,169,844 | +€124,977 | +3.1% |
| Land and buildings | 22 | €4,023,904 | €4,152,261 | +€128,357 | +3.2% |
| Plant, machinery and equipment | 23 | €594 | €118 | -€477 | -80.2% |
| Furniture and vehicles | 24 | €20,075 | €17,466 | -€2,609 | -13.0% |
| Other tangible fixed assets | 26 | €295 | - | -€295 | |
| Current assets | 29/58 | €77,383 | €42,397 | -€34,985 | -45.2% |
| Amounts receivable within one year | 40/41 | €6,085 | €850 | -€5,235 | -86.0% |
| Other amounts receivable | 41 | €6,085 | €850 | -€5,235 | -86.0% |
| Cash at bank and in hand | 54/58 | €68,194 | €37,831 | -€30,363 | -44.5% |
| Deferred charges and accrued income | 490/1 | €3,104 | €3,717 | +€613 | +19.7% |
| Total equity and liabilities | 10/49 | €4,122,250 | €4,212,242 | +€89,991 | +2.2% |
| Equity | 10/15 | €7,559 | -€64,500 | -€72,059 | |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€492,441 | -€564,500 | -€72,059 | -14.6% |
| Amounts payable | 17/49 | €4,114,691 | €4,276,741 | +€162,050 | +3.9% |
| Amounts payable after more than one year | 17 | €3,900,000 | €3,900,000 | = | 0.0% |
| Other amounts payable | 178/9 | €3,900,000 | €3,900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €210,796 | €374,141 | +€163,345 | +77.5% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €86,287 | €2,744 | -€83,543 | -96.8% |
| Suppliers | 440/4 | €86,287 | €2,744 | -€83,543 | -96.8% |
| Other amounts payable | 47/48 | €124,509 | €171,397 | +€46,888 | +37.7% |
| Accrued charges and deferred income | 492/3 | €3,895 | €2,600 | -€1,295 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,588 | €226,619 | +€30,031 | +15.3% |
| Other operating charges | 640/8 | €12,898 | €17,016 | +€4,118 | +31.9% |
| Gross operating margin | 9900 | €220,295 | €177,355 | -€42,941 | -19.5% |
| Operating profit (loss) | 9901 | €10,809 | -€66,281 | -€77,090 | |
| Financial income | 75/76B | - | €860 | +€860 | |
| Recurring financial income | 75 | - | €860 | +€860 | |
| Financial charges | 65/66B | €840 | €6,638 | +€5,798 | +690% |
| Recurring financial charges | 65 | €840 | €6,638 | +€5,798 | +690% |
| Profit (loss) for the period before taxes | 9903 | €9,969 | -€72,059 | -€82,028 | |
| Profit (loss) for the period | 9904 | €9,969 | -€72,059 | -€82,028 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,969 | -€72,059 | -€82,028 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.