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 +€8,867
up €8,867 (+91.8%), from €9,660 to €18,527
mainly Net result for the year (+€18,908) and Other debts (+€7,461)
- Tangible fixed assets +€8,533
up €8,533 (+90.0%), from €9,487 to €18,020
of which Furniture and vehicles: +€9,625
- Receivables within one year +€1,443
up €1,443 (+2.5%), from €58,348 to €59,791
of which Trade receivables: +€4,053
- Reserves +€10,285
up €10,285 (+98.1%), from €10,483 to €20,768
of which Distributable reserves: +€10,285
- Other debts +€7,461
up €7,461 (+1,241%), from €601 to €8,062
- Provisions +€1,021
up €1,021 (+3.2%), from €32,122 to €33,143
- Gross operating margin +€15,726
up €15,726 (+31.3%), from €50,170 to €65,896
- Financial charges -€5,640
down €5,640 (-14.4%), from €39,125 to €33,486
- Taxes +€3,088
up €3,088 (+47.7%), from €6,470 to €9,559
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 | €77,709 | €96,727 | +€19,018 | +24.5% |
| Fixed assets | 21/28 | €9,561 | €18,095 | +€8,533 | +89.2% |
| Tangible fixed assets | 22/27 | €9,487 | €18,020 | +€8,533 | +90.0% |
| Land and buildings | 22 | €1,687 | €1,626 | -€61 | -3.6% |
| Furniture and vehicles | 24 | €874 | €10,499 | +€9,625 | +1,101% |
| Other tangible fixed assets | 26 | €6,925 | €5,895 | -€1,030 | -14.9% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €68,147 | €78,632 | +€10,485 | +15.4% |
| Amounts receivable within one year | 40/41 | €58,348 | €59,791 | +€1,443 | +2.5% |
| Trade receivables | 40 | €25,440 | €29,494 | +€4,053 | +15.9% |
| Other amounts receivable | 41 | €32,908 | €30,298 | -€2,610 | -7.9% |
| Cash at bank and in hand | 54/58 | €9,660 | €18,527 | +€8,867 | +91.8% |
| Deferred charges and accrued income | 490/1 | €139 | €313 | +€174 | +125% |
| Total equity and liabilities | 10/49 | €77,709 | €96,727 | +€19,018 | +24.5% |
| Equity | 10/15 | €40,699 | €50,984 | +€10,285 | +25.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,483 | €20,768 | +€10,285 | +98.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,623 | €18,908 | +€10,285 | +119% |
| Profit (loss) carried forward | 14 | €24,016 | €24,016 | -€0 | 0.0% |
| Provisions and deferred taxes | 16 | €32,122 | €33,143 | +€1,021 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €32,122 | €33,143 | +€1,021 | +3.2% |
| Other liabilities and charges | 164/5 | €32,122 | €33,143 | +€1,021 | +3.2% |
| Amounts payable | 17/49 | €4,888 | €12,599 | +€7,711 | +158% |
| Amounts payable within one year | 42/48 | €4,888 | €12,599 | +€7,711 | +158% |
| Trade debts | 44 | €1,168 | €1,324 | +€156 | +13.4% |
| Suppliers | 440/4 | €1,168 | €1,324 | +€156 | +13.4% |
| Taxes, remuneration and social security | 45 | €3,118 | €3,212 | +€94 | +3.0% |
| Taxes | 450/3 | €3,118 | €3,212 | +€94 | +3.0% |
| Other amounts payable | 47/48 | €601 | €8,062 | +€7,461 | +1,241% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,917 | €2,150 | +€232 | +12.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €779 | €1,021 | +€243 | +31.2% |
| Other operating charges | 640/8 | €723 | €775 | +€52 | +7.2% |
| Gross operating margin | 9900 | €50,170 | €65,896 | +€15,726 | +31.3% |
| Operating profit (loss) | 9901 | €46,751 | €61,950 | +€15,198 | +32.5% |
| Financial income | 75/76B | €2 | €3 | +€1 | +24.9% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +24.9% |
| Financial charges | 65/66B | €39,125 | €33,486 | -€5,640 | -14.4% |
| Recurring financial charges | 65 | €39,125 | €33,486 | -€5,640 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €7,629 | €28,467 | +€20,839 | +273% |
| Income taxes | 67/77 | €6,470 | €9,559 | +€3,088 | +47.7% |
| Profit (loss) for the period | 9904 | €1,158 | €18,908 | +€17,750 | +1,533% |
| Profit (loss) for the period to be appropriated | 9905 | €1,158 | €18,908 | +€17,750 | +1,533% |
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 30 October 2026 via checked.be.