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
- Receivables within one year -€9,624
down €9,624 (-34.5%), from €27,903 to €18,279
of which Other amounts receivable: -€7,272
- Deferred charges and accrued income +€8,249
up €8,249 (+105.5%), from €7,818 to €16,067
- Tangible fixed assets -€2,044
down €2,044 (-10.1%), from €20,202 to €18,158
of which Land and buildings: -€3,352
- Cash +€1,397
up €1,397 (+13.9%), from €10,079 to €11,477
mainly Receivables within one year (+€9,624) and Depreciation (+€5,612)
- Trade debts -€2,352
down €2,352 (-6.4%), from €36,721 to €34,369
- Tax, wage and social debts +€2,347
new in 2025: €2,347
of which Taxes: +€2,013
- Short-term financial debts -€2,183
down €2,183 (-4.2%), from €52,183 to €50,000
of which Credit institutions: -€2,183
- Profit (loss) carried forward -€1,973
down €1,973 (-2.6%), from -€74,580 to -€76,553
- Gross operating margin +€49,510
up €49,510, from -€36,540 to €12,970
- Staff costs +€3,811
new in 2025: €3,811
- Financial charges +€2,545
up €2,545 (+72.7%), from €3,503 to €6,049
- Other operating charges -€807
down €807 (-48.9%), from €1,651 to €844
- Depreciation +€585
up €585 (+11.6%), from €5,027 to €5,612
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 | €129,902 | €126,949 | -€2,953 | -2.3% |
| Fixed assets | 21/28 | €20,256 | €18,158 | -€2,098 | -10.4% |
| Intangible fixed assets | 21 | €54 | €0 | -€54 | -100.0% |
| Tangible fixed assets | 22/27 | €20,202 | €18,158 | -€2,044 | -10.1% |
| Land and buildings | 22 | €17,632 | €14,280 | -€3,352 | -19.0% |
| Plant, machinery and equipment | 23 | €2,566 | €1,716 | -€850 | -33.1% |
| Furniture and vehicles | 24 | €4 | €2,161 | +€2,158 | +59275.5% |
| Current assets | 29/58 | €109,646 | €108,792 | -€854 | -0.8% |
| Stocks and contracts in progress | 3 | €63,846 | €62,969 | -€877 | -1.4% |
| Stocks | 30/36 | €63,846 | €62,969 | -€877 | -1.4% |
| Amounts receivable within one year | 40/41 | €27,903 | €18,279 | -€9,624 | -34.5% |
| Trade receivables | 40 | €20,486 | €18,134 | -€2,352 | -11.5% |
| Other amounts receivable | 41 | €7,417 | €145 | -€7,272 | -98.0% |
| Cash at bank and in hand | 54/58 | €10,079 | €11,477 | +€1,397 | +13.9% |
| Deferred charges and accrued income | 490/1 | €7,818 | €16,067 | +€8,249 | +105.5% |
| Total equity and liabilities | 10/49 | €129,902 | €126,949 | -€2,953 | -2.3% |
| Equity | 10/15 | €38,840 | €36,867 | -€1,973 | -5.1% |
| Contributions | 10/11 | €113,420 | €113,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,580 | -€76,553 | -€1,973 | -2.6% |
| Amounts payable | 17/49 | €91,062 | €90,083 | -€980 | -1.1% |
| Amounts payable within one year | 42/48 | €91,062 | €90,083 | -€980 | -1.1% |
| Financial debts | 43 | €52,183 | €50,000 | -€2,183 | -4.2% |
| Credit institutions | 430/8 | €2,183 | €0 | -€2,183 | -100.0% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €36,721 | €34,369 | -€2,352 | -6.4% |
| Suppliers | 440/4 | €36,721 | €34,369 | -€2,352 | -6.4% |
| Taxes, remuneration and social security | 45 | - | €2,347 | +€2,347 | |
| Taxes | 450/3 | - | €2,013 | +€2,013 | |
| Remuneration and social security | 454/9 | - | €334 | +€334 | |
| Other amounts payable | 47/48 | €2,158 | €3,367 | +€1,209 | +56.0% |
| Remuneration, social security and pensions | 62 | - | €3,811 | +€3,811 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,027 | €5,612 | +€585 | +11.6% |
| Other operating charges | 640/8 | €1,651 | €844 | -€807 | -48.9% |
| Gross operating margin | 9900 | -€36,540 | €12,970 | +€49,510 | |
| Operating profit (loss) | 9901 | -€43,218 | €2,703 | +€45,921 | |
| Financial income | 75/76B | - | €117 | +€117 | |
| Recurring financial income | 75 | - | €117 | +€117 | |
| Financial charges | 65/66B | €3,503 | €6,049 | +€2,545 | +72.7% |
| Recurring financial charges | 65 | €3,503 | €6,049 | +€2,545 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | -€46,721 | -€3,228 | +€43,493 | +93.1% |
| Profit (loss) for the period | 9904 | -€46,721 | -€3,228 | +€43,493 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,721 | -€3,228 | +€43,493 | +93.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.