L & L: what changed
Two fiscal 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
- Tangible fixed assets -€49,827
down €49,827 (-22.5%), from €221,607 to €171,780
of which Land and buildings: -€34,600
- Receivables within one year +€37,132
up €37,132 (+212.1%), from €17,503 to €54,635
of which Trade receivables: +€28,957
- Cash -€5,646
down €5,646 (-24.7%), from €22,861 to €17,215
mainly Receivables within one year (-€37,132) and Trade debts (-€25,571)
- Trade debts -€25,571
down €25,571 (-33.2%), from €76,954 to €51,384
- Profit (loss) carried forward +€18,747
up €18,747 (+35.2%), from €53,291 to €72,038
- Debts after one year -€14,851
down €14,851 (-33.1%), from €44,923 to €30,071
- Other debts +€4,804
up €4,804 (+15.7%), from €30,605 to €35,409
- Gross operating margin +€15,893
up €15,893 (+22.2%), from €71,735 to €87,629
- Depreciation +€5,928
up €5,928 (+13.5%), from €43,899 to €49,827
- Taxes +€2,176
up €2,176 (+54.2%), from €4,017 to €6,193
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,893 | €249,013 | -€15,880 | -6.0% |
| Fixed assets | 21/28 | €221,741 | €171,914 | -€49,827 | -22.5% |
| Tangible fixed assets | 22/27 | €221,607 | €171,780 | -€49,827 | -22.5% |
| Land and buildings | 22 | €154,400 | €119,800 | -€34,600 | -22.4% |
| Furniture and vehicles | 24 | €67,207 | €51,980 | -€15,227 | -22.7% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €43,152 | €77,099 | +€33,947 | +78.7% |
| Amounts receivable within one year | 40/41 | €17,503 | €54,635 | +€37,132 | +212.1% |
| Trade receivables | 40 | €7,615 | €36,572 | +€28,957 | +380.3% |
| Other amounts receivable | 41 | €9,888 | €18,063 | +€8,175 | +82.7% |
| Cash at bank and in hand | 54/58 | €22,861 | €17,215 | -€5,646 | -24.7% |
| Deferred charges and accrued income | 490/1 | €2,788 | €5,249 | +€2,461 | +88.3% |
| Total equity and liabilities | 10/49 | €264,893 | €249,013 | -€15,880 | -6.0% |
| Equity | 10/15 | €76,351 | €95,098 | +€18,747 | +24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €15,000 | €16,860 | +€1,860 | +12.4% |
| Profit (loss) carried forward | 14 | €53,291 | €72,038 | +€18,747 | +35.2% |
| Amounts payable | 17/49 | €188,542 | €153,915 | -€34,627 | -18.4% |
| Amounts payable after more than one year | 17 | €44,923 | €30,071 | -€14,851 | -33.1% |
| Financial debts | 170/4 | €44,923 | €30,071 | -€14,851 | -33.1% |
| Amounts payable within one year | 42/48 | €143,619 | €123,844 | -€19,776 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €13,255 | €14,851 | +€1,597 | +12.0% |
| Financial debts | 43 | €1,021 | €1,186 | +€165 | +16.2% |
| Credit institutions | 430/8 | €1,021 | €1,186 | +€165 | +16.2% |
| Trade debts | 44 | €76,954 | €51,384 | -€25,571 | -33.2% |
| Suppliers | 440/4 | €76,954 | €51,384 | -€25,571 | -33.2% |
| Taxes, remuneration and social security | 45 | €21,785 | €21,013 | -€771 | -3.5% |
| Taxes | 450/3 | €18,935 | €18,163 | -€771 | -4.1% |
| Remuneration and social security | 454/9 | €2,850 | €2,850 | = | 0.0% |
| Other amounts payable | 47/48 | €30,605 | €35,409 | +€4,804 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,899 | €49,827 | +€5,928 | +13.5% |
| Other operating charges | 640/8 | €9,400 | €9,527 | +€127 | +1.4% |
| Gross operating margin | 9900 | €71,735 | €87,629 | +€15,893 | +22.2% |
| Operating profit (loss) | 9901 | €18,436 | €28,275 | +€9,839 | +53.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -87.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -87.5% |
| Financial charges | 65/66B | €3,199 | €3,335 | +€136 | +4.3% |
| Recurring financial charges | 65 | €3,199 | €3,335 | +€136 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €15,238 | €24,940 | +€9,702 | +63.7% |
| Income taxes | 67/77 | €4,017 | €6,193 | +€2,176 | +54.2% |
| Profit (loss) for the period | 9904 | €11,221 | €18,747 | +€7,526 | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,221 | €18,747 | +€7,526 | +67.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.