L&L IMPACT: 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 IMPACT
Largest movements
- Cash +€40,205
up €40,205 (+116%), from €34,547 to €74,752
mainly Depreciation (+€44,722) and Net result for the year (+€35,297)
- Receivables within one year -€24,336
down €24,336 (-33.2%), from €73,257 to €48,921
of which Trade receivables: -€13,872
- Deferred charges and accrued income +€16,021
up €16,021 (+184%), from €8,715 to €24,736
- Tangible fixed assets -€13,378
down €13,378 (-15.2%), from €88,202 to €74,824
of which Furniture and vehicles: -€15,705
- Intangible fixed assets +€3,277
up €3,277 (+190%), from €1,723 to €5,000
- Profit (loss) carried forward +€35,297
new in 2025: €35,297
- Trade debts -€24,807
down €24,807 (-91.2%), from €27,201 to €2,394
- Debts after one year -€18,408
down €18,408 (-40.6%), from €45,315 to €26,907
- Tax, wage and social debts +€14,728
up €14,728 (+72.0%), from €20,461 to €35,189
of which Remuneration and social security: +€10,702
- Other debts +€13,650
up €13,650 (+231%), from €5,919 to €19,569
- Staff costs +€47,209
up €47,209 (+185%), from €25,474 to €72,683
- Gross operating margin +€43,544
up €43,544 (+50.1%), from €86,986 to €130,530
- Financial income +€16,588
up €16,588 (+62.8%), from €26,428 to €43,016
- Other operating charges +€3,806
up €3,806 (+121%), from €3,133 to €6,939
- Depreciation -€2,488
down €2,488 (-5.3%), from €47,210 to €44,722
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 | €223,324 | €244,163 | +€20,839 | +9.3% |
| Fixed assets | 21/28 | €94,725 | €84,624 | -€10,101 | -10.7% |
| Intangible fixed assets | 21 | €1,723 | €5,000 | +€3,277 | +190% |
| Tangible fixed assets | 22/27 | €88,202 | €74,824 | -€13,378 | -15.2% |
| Plant, machinery and equipment | 23 | €1,247 | €3,574 | +€2,327 | +187% |
| Furniture and vehicles | 24 | €86,955 | €71,250 | -€15,705 | -18.1% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €128,599 | €159,539 | +€30,940 | +24.1% |
| Stocks and contracts in progress | 3 | €12,080 | €11,130 | -€950 | -7.9% |
| Stocks | 30/36 | €12,080 | €11,130 | -€950 | -7.9% |
| Amounts receivable within one year | 40/41 | €73,257 | €48,921 | -€24,336 | -33.2% |
| Trade receivables | 40 | €56,751 | €42,879 | -€13,872 | -24.4% |
| Other amounts receivable | 41 | €16,506 | €6,042 | -€10,464 | -63.4% |
| Cash at bank and in hand | 54/58 | €34,547 | €74,752 | +€40,205 | +116% |
| Deferred charges and accrued income | 490/1 | €8,715 | €24,736 | +€16,021 | +184% |
| Total equity and liabilities | 10/49 | €223,324 | €244,163 | +€20,839 | +9.3% |
| Equity | 10/15 | €63,700 | €98,997 | +€35,297 | +55.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,700 | €58,700 | = | 0.0% |
| Distributable reserves | 133 | €58,700 | €58,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €35,297 | +€35,297 | |
| Amounts payable | 17/49 | €159,624 | €145,166 | -€14,458 | -9.1% |
| Amounts payable after more than one year | 17 | €45,315 | €26,907 | -€18,408 | -40.6% |
| Financial debts | 170/4 | €45,315 | €26,907 | -€18,408 | -40.6% |
| Amounts payable within one year | 42/48 | €114,022 | €116,453 | +€2,431 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €48,926 | €53,188 | +€4,262 | +8.7% |
| Financial debts | 43 | €20 | - | -€20 | |
| Credit institutions | 430/8 | €20 | - | -€20 | |
| Trade debts | 44 | €27,201 | €2,394 | -€24,807 | -91.2% |
| Suppliers | 440/4 | €27,201 | €2,394 | -€24,807 | -91.2% |
| Advances received on contracts in progress | 46 | €11,495 | €6,113 | -€5,382 | -46.8% |
| Taxes, remuneration and social security | 45 | €20,461 | €35,189 | +€14,728 | +72.0% |
| Taxes | 450/3 | €17,675 | €21,701 | +€4,026 | +22.8% |
| Remuneration and social security | 454/9 | €2,786 | €13,488 | +€10,702 | +384% |
| Other amounts payable | 47/48 | €5,919 | €19,569 | +€13,650 | +231% |
| Accrued charges and deferred income | 492/3 | €287 | €1,806 | +€1,519 | +529% |
| Remuneration, social security and pensions | 62 | €25,474 | €72,683 | +€47,209 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,210 | €44,722 | -€2,488 | -5.3% |
| Other operating charges | 640/8 | €3,133 | €6,939 | +€3,806 | +121% |
| Non-recurring operating charges | 66A | €4,816 | €1,228 | -€3,588 | -74.5% |
| Gross operating margin | 9900 | €86,986 | €130,530 | +€43,544 | +50.1% |
| Operating profit (loss) | 9901 | €6,353 | €4,958 | -€1,395 | -22.0% |
| Financial income | 75/76B | €26,428 | €43,016 | +€16,588 | +62.8% |
| Recurring financial income | 75 | €26,428 | €43,016 | +€16,588 | +62.8% |
| Financial charges | 65/66B | €4,902 | €5,684 | +€782 | +16.0% |
| Recurring financial charges | 65 | €4,902 | €5,684 | +€782 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €27,879 | €42,290 | +€14,411 | +51.7% |
| Income taxes | 67/77 | €8,751 | €6,993 | -€1,758 | -20.1% |
| Profit (loss) for the period | 9904 | €19,128 | €35,297 | +€16,169 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,128 | €35,297 | +€16,169 | +84.5% |
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 19 October 2026 via checked.be.