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 +€28,932
up €28,932 (+63.9%), from €45,263 to €74,195
mainly Debts after one year (+€36,083) and Net result for the year (+€10,739)
- Tangible fixed assets +€12,005
up €12,005 (+2,033%), from €591 to €12,595
of which Other tangible fixed assets: +€12,362
- Receivables within one year +€7,337
up €7,337 (+28.3%), from €25,966 to €33,303
of which Trade receivables: +€16,184
- Deferred charges and accrued income +€3,401
up €3,401 (+3,440%), from €99 to €3,500
- Debts after one year +€36,083
new in 2025: €36,083
- Reserves +€10,739
up €10,739 (+26.3%), from €40,878 to €51,617
- Current portion of long-term debt +€10,481
new in 2025: €10,481
- Short-term financial debts -€3,899
down €3,899 (-56.1%), from €6,944 to €3,045
- Tax, wage and social debts -€2,073
down €2,073 (-19.4%), from €10,687 to €8,614
- Taxes -€6,380
down €6,380 (-54.4%), from €11,727 to €5,347
- Gross operating margin -€2,789
down €2,789 (-6.9%), from €40,642 to €37,853
- Financial charges +€947
up €947 (+61.5%), from €1,539 to €2,486
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 | €71,919 | €123,594 | +€51,675 | +71.9% |
| Fixed assets | 21/28 | €591 | €12,595 | +€12,005 | +2,033% |
| Tangible fixed assets | 22/27 | €591 | €12,595 | +€12,005 | +2,033% |
| Plant, machinery and equipment | 23 | €357 | - | -€357 | |
| Other tangible fixed assets | 26 | €233 | €12,595 | +€12,362 | +5,303% |
| Current assets | 29/58 | €71,328 | €110,999 | +€39,671 | +55.6% |
| Amounts receivable within one year | 40/41 | €25,966 | €33,303 | +€7,337 | +28.3% |
| Trade receivables | 40 | €16,966 | €33,150 | +€16,184 | +95.4% |
| Other amounts receivable | 41 | €9,000 | €153 | -€8,847 | -98.3% |
| Cash at bank and in hand | 54/58 | €45,263 | €74,195 | +€28,932 | +63.9% |
| Deferred charges and accrued income | 490/1 | €99 | €3,500 | +€3,401 | +3,440% |
| Total equity and liabilities | 10/49 | €71,919 | €123,594 | +€51,675 | +71.9% |
| Equity | 10/15 | €41,878 | €52,617 | +€10,739 | +25.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,878 | €51,617 | +€10,739 | +26.3% |
| Distributable reserves | 133 | €40,878 | €51,617 | +€10,739 | +26.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €30,041 | €70,977 | +€40,936 | +136% |
| Amounts payable after more than one year | 17 | - | €36,083 | +€36,083 | |
| Financial debts | 170/4 | - | €36,083 | +€36,083 | |
| Amounts payable within one year | 42/48 | €29,531 | €34,894 | +€5,362 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,481 | +€10,481 | |
| Financial debts | 43 | €6,944 | €3,045 | -€3,899 | -56.1% |
| Credit institutions | 430/8 | €6,944 | €3,045 | -€3,899 | -56.1% |
| Trade debts | 44 | €1,760 | €635 | -€1,125 | -63.9% |
| Suppliers | 440/4 | €1,760 | €635 | -€1,125 | -63.9% |
| Taxes, remuneration and social security | 45 | €10,687 | €8,614 | -€2,073 | -19.4% |
| Taxes | 450/3 | €10,687 | €8,614 | -€2,073 | -19.4% |
| Other amounts payable | 47/48 | €10,141 | €12,119 | +€1,978 | +19.5% |
| Accrued charges and deferred income | 492/3 | €509 | - | -€509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,454 | €1,405 | -€50 | -3.4% |
| Other operating charges | 640/8 | €1,408 | €1,189 | -€220 | -15.6% |
| Non-recurring operating charges | 66A | - | €16,690 | +€16,690 | |
| Gross operating margin | 9900 | €40,642 | €37,853 | -€2,789 | -6.9% |
| Operating profit (loss) | 9901 | €37,780 | €18,570 | -€19,210 | -50.8% |
| Financial income | 75/76B | €99 | €2 | -€97 | -98.0% |
| Recurring financial income | 75 | €99 | €2 | -€97 | -98.0% |
| Financial charges | 65/66B | €1,539 | €2,486 | +€947 | +61.5% |
| Recurring financial charges | 65 | €1,539 | €2,486 | +€947 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €36,339 | €16,086 | -€20,254 | -55.7% |
| Income taxes | 67/77 | €11,727 | €5,347 | -€6,380 | -54.4% |
| Profit (loss) for the period | 9904 | €24,613 | €10,739 | -€13,874 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,613 | €10,739 | -€13,874 | -56.4% |
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 21 October 2026 via checked.be.