L&J - label: 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 - label
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€33,404
down €33,404 (-83.5%), from €40,025 to €6,621
- Taxes -€6,616
down €6,616 (-97.9%), from €6,756 to €141
- Depreciation +€1,850
up €1,850 (+14.8%), from €12,470 to €14,320
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 | €2,010,575 | €1,985,670 | -€24,905 | -1.2% |
| Fixed assets | 21/28 | €1,975,071 | €1,961,791 | -€13,280 | -0.7% |
| Tangible fixed assets | 22/27 | €30,597 | €17,317 | -€13,280 | -43.4% |
| Furniture and vehicles | 24 | €30,597 | €17,317 | -€13,280 | -43.4% |
| Financial fixed assets | 28 | €1,944,474 | €1,944,474 | = | 0.0% |
| Current assets | 29/58 | €35,503 | €23,878 | -€11,625 | -32.7% |
| Amounts receivable within one year | 40/41 | €8,489 | €13,442 | +€4,953 | +58.3% |
| Trade receivables | 40 | €5,489 | €10,182 | +€4,694 | +85.5% |
| Other amounts receivable | 41 | €3,000 | €3,259 | +€259 | +8.6% |
| Cash at bank and in hand | 54/58 | €27,015 | €10,437 | -€16,578 | -61.4% |
| Total equity and liabilities | 10/49 | €2,010,575 | €1,985,670 | -€24,905 | -1.2% |
| Equity | 10/15 | €842,756 | €833,323 | -€9,433 | -1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €835,860 | €826,860 | -€9,000 | -1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €834,000 | €825,000 | -€9,000 | -1.1% |
| Profit (loss) carried forward | 14 | €696 | €263 | -€433 | -62.2% |
| Amounts payable | 17/49 | €1,167,819 | €1,152,346 | -€15,472 | -1.3% |
| Amounts payable within one year | 42/48 | €1,167,819 | €1,152,346 | -€15,472 | -1.3% |
| Trade debts | 44 | €1,276 | €572 | -€703 | -55.1% |
| Suppliers | 440/4 | €1,276 | €572 | -€703 | -55.1% |
| Taxes, remuneration and social security | 45 | €6,415 | €4,146 | -€2,269 | -35.4% |
| Taxes | 450/3 | €6,415 | €4,146 | -€2,269 | -35.4% |
| Other amounts payable | 47/48 | €1,160,128 | €1,147,628 | -€12,500 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,470 | €14,320 | +€1,850 | +14.8% |
| Other operating charges | 640/8 | €1,479 | €1,523 | +€43 | +2.9% |
| Gross operating margin | 9900 | €40,025 | €6,621 | -€33,404 | -83.5% |
| Operating profit (loss) | 9901 | €26,076 | -€9,222 | -€35,298 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €262 | €70 | -€192 | -73.2% |
| Recurring financial charges | 65 | €262 | €70 | -€192 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €25,816 | -€9,292 | -€35,108 | |
| Income taxes | 67/77 | €6,756 | €141 | -€6,616 | -97.9% |
| Profit (loss) for the period | 9904 | €19,059 | -€9,433 | -€28,492 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,059 | -€9,433 | -€28,492 |
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 20 October 2026 via checked.be.