L.J.A.: 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.J.A.
Largest movements
- Receivables after one year -€86,579
down €86,579 (-100.0%), from €86,579 to €0
- Receivables within one year -€82,779
down €82,779 (-60.6%), from €136,642 to €53,863
of which Trade receivables: -€75,276
- Cash -€74,198
down €74,198 (-46.2%), from €160,758 to €86,560
mainly Contributions, distributions and other (-€224,900) and Trade debts (-€108,095)
- Trade debts -€108,095
down €108,095 (-71.7%), from €150,701 to €42,606
- Reserves -€105,900
down €105,900 (-100.0%), from €105,900 to €0
- Tax, wage and social debts -€18,443
down €18,443 (-31.7%), from €58,202 to €39,759
- Other debts -€13,592
down €13,592 (-24.4%), from €55,800 to €42,209
- Gross operating margin -€86,828
down €86,828 (-34.8%), from €249,534 to €162,706
- Taxes -€23,999
down €23,999 (-38.2%), from €62,790 to €38,792
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 | €391,426 | €146,168 | -€245,258 | -62.7% |
| Fixed assets | 21/28 | €4,081 | €4,122 | +€42 | +1.0% |
| Tangible fixed assets | 22/27 | €4,081 | €4,122 | +€42 | +1.0% |
| Furniture and vehicles | 24 | €4,081 | €4,122 | +€42 | +1.0% |
| Current assets | 29/58 | €387,346 | €142,046 | -€245,300 | -63.3% |
| Amounts receivable after more than one year | 29 | €86,579 | €0 | -€86,579 | -100.0% |
| Other amounts receivable | 291 | €86,579 | €0 | -€86,579 | -100.0% |
| Amounts receivable within one year | 40/41 | €136,642 | €53,863 | -€82,779 | -60.6% |
| Trade receivables | 40 | €125,886 | €50,610 | -€75,276 | -59.8% |
| Other amounts receivable | 41 | €10,756 | €3,253 | -€7,503 | -69.8% |
| Cash at bank and in hand | 54/58 | €160,758 | €86,560 | -€74,198 | -46.2% |
| Deferred charges and accrued income | 490/1 | €3,366 | €1,623 | -€1,744 | -51.8% |
| Total equity and liabilities | 10/49 | €391,426 | €146,168 | -€245,258 | -62.7% |
| Equity | 10/15 | €126,723 | €21,478 | -€105,245 | -83.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €105,900 | €0 | -€105,900 | -100.0% |
| Distributable reserves | 133 | €105,900 | €0 | -€105,900 | -100.0% |
| Profit (loss) carried forward | 14 | €372 | €1,027 | +€655 | +176.2% |
| Amounts payable | 17/49 | €264,703 | €124,690 | -€140,013 | -52.9% |
| Amounts payable within one year | 42/48 | €264,703 | €124,574 | -€140,130 | -52.9% |
| Trade debts | 44 | €150,701 | €42,606 | -€108,095 | -71.7% |
| Suppliers | 440/4 | €150,701 | €42,606 | -€108,095 | -71.7% |
| Taxes, remuneration and social security | 45 | €58,202 | €39,759 | -€18,443 | -31.7% |
| Taxes | 450/3 | €58,202 | €39,759 | -€18,443 | -31.7% |
| Other amounts payable | 47/48 | €55,800 | €42,209 | -€13,592 | -24.4% |
| Accrued charges and deferred income | 492/3 | - | €116 | +€116 | |
| Non-recurring operating income | 76A | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €946 | €1,242 | +€297 | +31.4% |
| Other operating charges | 640/8 | €914 | €1,312 | +€398 | +43.5% |
| Gross operating margin | 9900 | €249,534 | €162,706 | -€86,828 | -34.8% |
| Operating profit (loss) | 9901 | €247,674 | €160,151 | -€87,522 | -35.3% |
| Financial income | 75/76B | €3,637 | €1,146 | -€2,491 | -68.5% |
| Recurring financial income | 75 | €3,637 | €1,146 | -€2,491 | -68.5% |
| Financial charges | 65/66B | €2,170 | €2,851 | +€681 | +31.4% |
| Recurring financial charges | 65 | €2,170 | €2,851 | +€681 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €249,141 | €158,447 | -€90,694 | -36.4% |
| Income taxes | 67/77 | €62,790 | €38,792 | -€23,999 | -38.2% |
| Profit (loss) for the period | 9904 | €186,351 | €119,655 | -€66,696 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €186,351 | €119,655 | -€66,696 | -35.8% |
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 12 October 2026 via checked.be.