L&L: 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&L
Largest movements
- Cash +€144,429
up €144,429 (+67.6%), from €213,810 to €358,239
mainly Net result for the year (+€176,190) and Receivables within one year (+€43,783)
- Receivables within one year -€43,783
down €43,783 (-74.2%), from €59,033 to €15,250
- Tangible fixed assets -€7,233
down €7,233 (-11.0%), from €65,602 to €58,369
- Profit (loss) carried forward +€176,190
up €176,190 (+50.3%), from -€350,009 to -€173,819
- Tax, wage and social debts -€46,783
no longer reported in 2025 (was €46,783)
- Accrued charges and deferred income -€14,615
no longer reported in 2025 (was €14,615)
- Trade debts -€11,579
down €11,579 (-93.2%), from €12,420 to €842
- Other debts -€9,769
down €9,769 (-5.2%), from €186,374 to €176,605
- Gross operating margin +€76,269
up €76,269 (+63.1%), from €120,854 to €197,123
- Financial charges -€14,613
down €14,613 (-89.4%), from €16,345 to €1,733
- Other operating charges -€11,100
down €11,100 (-36.6%), from €30,301 to €19,201
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 | €382,866 | €476,310 | +€93,444 | +24.4% |
| Fixed assets | 21/28 | €65,602 | €58,369 | -€7,233 | -11.0% |
| Tangible fixed assets | 22/27 | €65,602 | €58,369 | -€7,233 | -11.0% |
| Land and buildings | 22 | €65,602 | €58,369 | -€7,233 | -11.0% |
| Current assets | 29/58 | €317,264 | €417,941 | +€100,676 | +31.7% |
| Stocks and contracts in progress | 3 | €43,040 | €43,040 | = | 0.0% |
| Stocks | 30/36 | €43,040 | €43,040 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,033 | €15,250 | -€43,783 | -74.2% |
| Other amounts receivable | 41 | €59,033 | €15,250 | -€43,783 | -74.2% |
| Cash at bank and in hand | 54/58 | €213,810 | €358,239 | +€144,429 | +67.6% |
| Deferred charges and accrued income | 490/1 | €1,382 | €1,412 | +€30 | +2.2% |
| Total equity and liabilities | 10/49 | €382,866 | €476,310 | +€93,444 | +24.4% |
| Equity | 10/15 | €122,674 | €298,864 | +€176,190 | +143.6% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €224,789 | €224,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,009 | -€173,819 | +€176,190 | +50.3% |
| Amounts payable | 17/49 | €260,192 | €177,446 | -€82,746 | -31.8% |
| Amounts payable within one year | 42/48 | €245,577 | €177,446 | -€68,131 | -27.7% |
| Trade debts | 44 | €12,420 | €842 | -€11,579 | -93.2% |
| Suppliers | 440/4 | €12,420 | €842 | -€11,579 | -93.2% |
| Taxes, remuneration and social security | 45 | €46,783 | - | -€46,783 | |
| Taxes | 450/3 | €46,783 | - | -€46,783 | |
| Other amounts payable | 47/48 | €186,374 | €176,605 | -€9,769 | -5.2% |
| Accrued charges and deferred income | 492/3 | €14,615 | - | -€14,615 | |
| Other operating charges | 640/8 | €30,301 | €19,201 | -€11,100 | -36.6% |
| Non-recurring operating charges | 66A | €259,545 | - | -€259,545 | |
| Gross operating margin | 9900 | €120,854 | €197,123 | +€76,269 | +63.1% |
| Operating profit (loss) | 9901 | -€168,991 | €177,923 | +€346,914 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €16,345 | €1,733 | -€14,613 | -89.4% |
| Recurring financial charges | 65 | €16,345 | €1,733 | -€14,613 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€185,336 | €176,190 | +€361,526 | |
| Profit (loss) for the period | 9904 | -€185,336 | €176,190 | +€361,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€185,336 | €176,190 | +€361,526 |
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.