L & L CMP: 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 CMP
Largest movements
- Receivables within one year -€580,266
down €580,266 (-58.7%), from €987,873 to €407,607
of which Other amounts receivable: -€500,000
- Financial fixed assets +€500,000
up €500,000 (+104%), from €480,666 to €980,666
- Tangible fixed assets -€52,634
down €52,634 (-7.0%), from €757,092 to €704,458
of which Land and buildings: -€85,861
- Deferred charges and accrued income +€39,259
up €39,259 (+1,725%), from €2,276 to €41,535
- Cash -€22,601
down €22,601 (-94.6%), from €23,882 to €1,281
mainly Investment in fixed assets (net) (-€564,596) and Other debts (-€340,427)
- Other debts -€340,427
down €340,427 (-73.9%), from €460,517 to €120,090
- Reserves +€175,703
up €175,703 (+45.4%), from €386,601 to €562,304
of which Tax-exempt reserves: +€102,471
- Short-term financial debts -€125,000
down €125,000 (-44.4%), from €281,250 to €156,250
- Debts after one year +€120,510
up €120,510 (+17.9%), from €672,056 to €792,565
- Trade debts +€70,359
up €70,359 (+123%), from €57,023 to €127,382
- Financial charges -€41,736
down €41,736 (-48.4%), from €86,229 to €44,493
- Gross operating margin -€23,792
down €23,792 (-5.8%), from €408,628 to €384,836
- Taxes -€22,155
down €22,155 (-43.1%), from €51,393 to €29,238
- Depreciation -€20,671
down €20,671 (-15.0%), from €137,902 to €117,230
- Other operating charges -€18,572
down €18,572 (-52.7%), from €35,271 to €16,699
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 | €2,251,789 | €2,135,546 | -€116,243 | -5.2% |
| Fixed assets | 21/28 | €1,237,758 | €1,685,124 | +€447,366 | +36.1% |
| Tangible fixed assets | 22/27 | €757,092 | €704,458 | -€52,634 | -7.0% |
| Land and buildings | 22 | €750,692 | €664,831 | -€85,861 | -11.4% |
| Plant, machinery and equipment | 23 | €4,064 | €36,502 | +€32,438 | +798% |
| Furniture and vehicles | 24 | €2,337 | €3,126 | +€789 | +33.8% |
| Financial fixed assets | 28 | €480,666 | €980,666 | +€500,000 | +104% |
| Current assets | 29/58 | €1,014,031 | €450,422 | -€563,608 | -55.6% |
| Amounts receivable within one year | 40/41 | €987,873 | €407,607 | -€580,266 | -58.7% |
| Trade receivables | 40 | €151,072 | €70,806 | -€80,266 | -53.1% |
| Other amounts receivable | 41 | €836,801 | €336,801 | -€500,000 | -59.8% |
| Cash at bank and in hand | 54/58 | €23,882 | €1,281 | -€22,601 | -94.6% |
| Deferred charges and accrued income | 490/1 | €2,276 | €41,535 | +€39,259 | +1,725% |
| Total equity and liabilities | 10/49 | €2,251,789 | €2,135,546 | -€116,243 | -5.2% |
| Equity | 10/15 | €511,601 | €687,304 | +€175,703 | +34.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €386,601 | €562,304 | +€175,703 | +45.4% |
| Tax-exempt reserves | 132 | €199 | €102,669 | +€102,471 | +51,573% |
| Distributable reserves | 133 | €386,402 | €459,635 | +€73,233 | +19.0% |
| Amounts payable | 17/49 | €1,740,188 | €1,448,242 | -€291,946 | -16.8% |
| Amounts payable after more than one year | 17 | €672,056 | €792,565 | +€120,510 | +17.9% |
| Financial debts | 170/4 | €672,056 | €792,565 | +€120,510 | +17.9% |
| Amounts payable within one year | 42/48 | €1,032,246 | €655,677 | -€376,569 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €132,651 | €198,420 | +€65,769 | +49.6% |
| Financial debts | 43 | €281,250 | €156,250 | -€125,000 | -44.4% |
| Other loans | 439 | €281,250 | €156,250 | -€125,000 | -44.4% |
| Trade debts | 44 | €57,023 | €127,382 | +€70,359 | +123% |
| Suppliers | 440/4 | €57,023 | €127,382 | +€70,359 | +123% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €98,804 | €51,534 | -€47,270 | -47.8% |
| Taxes | 450/3 | €79,783 | €34,146 | -€45,637 | -57.2% |
| Remuneration and social security | 454/9 | €19,021 | €17,388 | -€1,633 | -8.6% |
| Other amounts payable | 47/48 | €460,517 | €120,090 | -€340,427 | -73.9% |
| Accrued charges and deferred income | 492/3 | €35,887 | - | -€35,887 | |
| Remuneration, social security and pensions | 62 | €67 | €238 | +€171 | +256% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,902 | €117,230 | -€20,671 | -15.0% |
| Other operating charges | 640/8 | €35,271 | €16,699 | -€18,572 | -52.7% |
| Non-recurring operating charges | 66A | - | €1,235 | +€1,235 | |
| Gross operating margin | 9900 | €408,628 | €384,836 | -€23,792 | -5.8% |
| Operating profit (loss) | 9901 | €235,389 | €249,434 | +€14,045 | +6.0% |
| Financial income | 75/76B | €343 | €0 | -€343 | -100.0% |
| Recurring financial income | 75 | €343 | €0 | -€343 | -100.0% |
| Financial charges | 65/66B | €86,229 | €44,493 | -€41,736 | -48.4% |
| Recurring financial charges | 65 | €86,229 | €44,493 | -€41,736 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €149,503 | €204,941 | +€55,439 | +37.1% |
| Income taxes | 67/77 | €51,393 | €29,238 | -€22,155 | -43.1% |
| Profit (loss) for the period | 9904 | €98,110 | €175,703 | +€77,593 | +79.1% |
| Transfer to tax-exempt reserves | 689 | - | €102,471 | +€102,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,110 | €73,233 | -€24,877 | -25.4% |
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 13 October 2026 via checked.be.