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
- Cash +€59,556
up €59,556 (+63.4%), from €93,931 to €153,487
mainly Other debts (+€117,647) and Net result for the year (+€61,832)
- Receivables within one year -€15,437
down €15,437 (-12.1%), from €127,065 to €111,628
of which Other amounts receivable: -€9,051
- Tangible fixed assets +€14,445
up €14,445 (+34.1%), from €42,377 to €56,822
of which Furniture and vehicles: +€20,388
- Other debts +€117,647
up €117,647, from €0 to €117,647
- Profit (loss) carried forward -€55,815
down €55,815 (-26.5%), from €210,504 to €154,689
- Trade debts -€13,723
down €13,723 (-83.8%), from €16,367 to €2,644
- Debts after one year +€5,780
up €5,780 (+73.5%), from €7,861 to €13,641
- Gross operating margin -€15,866
down €15,866 (-8.1%), from €197,000 to €181,134
- Staff costs -€9,454
down €9,454 (-10.9%), from €86,558 to €77,104
- Depreciation -€4,061
down €4,061 (-31.9%), from €12,742 to €8,681
- Other operating charges +€3,482
up €3,482 (+139.4%), from €2,498 to €5,981
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 | €277,149 | €336,729 | +€59,580 | +21.5% |
| Fixed assets | 21/28 | €42,377 | €56,822 | +€14,445 | +34.1% |
| Tangible fixed assets | 22/27 | €42,377 | €56,822 | +€14,445 | +34.1% |
| Furniture and vehicles | 24 | €18,603 | €38,991 | +€20,388 | +109.6% |
| Other tangible fixed assets | 26 | €23,774 | €17,830 | -€5,943 | -25.0% |
| Current assets | 29/58 | €234,772 | €279,907 | +€45,135 | +19.2% |
| Stocks and contracts in progress | 3 | €9,328 | €9,273 | -€55 | -0.6% |
| Stocks | 30/36 | €9,328 | €9,273 | -€55 | -0.6% |
| Amounts receivable within one year | 40/41 | €127,065 | €111,628 | -€15,437 | -12.1% |
| Trade receivables | 40 | €16,326 | €9,940 | -€6,386 | -39.1% |
| Other amounts receivable | 41 | €110,739 | €101,688 | -€9,051 | -8.2% |
| Cash at bank and in hand | 54/58 | €93,931 | €153,487 | +€59,556 | +63.4% |
| Deferred charges and accrued income | 490/1 | €4,449 | €5,519 | +€1,071 | +24.1% |
| Total equity and liabilities | 10/49 | €277,149 | €336,729 | +€59,580 | +21.5% |
| Equity | 10/15 | €229,104 | €173,289 | -€55,815 | -24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,504 | €154,689 | -€55,815 | -26.5% |
| Amounts payable | 17/49 | €48,045 | €163,440 | +€115,395 | +240.2% |
| Amounts payable after more than one year | 17 | €7,861 | €13,641 | +€5,780 | +73.5% |
| Financial debts | 170/4 | €7,861 | €13,641 | +€5,780 | +73.5% |
| Amounts payable within one year | 42/48 | €40,184 | €149,799 | +€109,615 | +272.8% |
| Current portion of amounts payable after more than one year | 42 | €12,988 | €16,068 | +€3,080 | +23.7% |
| Financial debts | 43 | €3,249 | €4,133 | +€884 | +27.2% |
| Other loans | 439 | €3,249 | €4,133 | +€884 | +27.2% |
| Trade debts | 44 | €16,367 | €2,644 | -€13,723 | -83.8% |
| Suppliers | 440/4 | €16,367 | €2,644 | -€13,723 | -83.8% |
| Taxes, remuneration and social security | 45 | €7,581 | €9,308 | +€1,726 | +22.8% |
| Taxes | 450/3 | €1,232 | €3,702 | +€2,470 | +200.6% |
| Remuneration and social security | 454/9 | €6,349 | €5,605 | -€744 | -11.7% |
| Other amounts payable | 47/48 | €0 | €117,647 | +€117,647 | |
| Remuneration, social security and pensions | 62 | €86,558 | €77,104 | -€9,454 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,742 | €8,681 | -€4,061 | -31.9% |
| Other operating charges | 640/8 | €2,498 | €5,981 | +€3,482 | +139.4% |
| Gross operating margin | 9900 | €197,000 | €181,134 | -€15,866 | -8.1% |
| Operating profit (loss) | 9901 | €95,202 | €89,369 | -€5,832 | -6.1% |
| Financial income | 75/76B | €5,520 | €4,309 | -€1,211 | -21.9% |
| Recurring financial income | 75 | €5,520 | €4,309 | -€1,211 | -21.9% |
| Financial charges | 65/66B | €9,735 | €8,744 | -€991 | -10.2% |
| Recurring financial charges | 65 | €9,735 | €8,744 | -€991 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €90,987 | €84,934 | -€6,053 | -6.7% |
| Income taxes | 67/77 | €24,632 | €23,102 | -€1,530 | -6.2% |
| Profit (loss) for the period | 9904 | €66,355 | €61,832 | -€4,523 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,355 | €61,832 | -€4,523 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.