L.L.S.: 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.S.
Largest movements
- Receivables within one year +€23,373
up €23,373 (+266%), from €8,788 to €32,160
of which Trade receivables: +€13,500
- Tangible fixed assets +€10,965
up €10,965 (+16.7%), from €65,634 to €76,599
of which Furniture and vehicles: +€39,737
- Deferred charges and accrued income +€8,115
up €8,115 (+1,563%), from €519 to €8,634
- Cash +€3,130
up €3,130 (+6.9%), from €45,511 to €48,641
mainly Depreciation (+€34,269) and Net result for the year (+€33,477)
- Profit (loss) carried forward +€33,477
up €33,477 (+424%), from €7,898 to €41,375
- Trade debts +€9,404
new in 2025: €9,404
- Tax, wage and social debts +€2,620
up €2,620 (+139%), from €1,890 to €4,510
- Gross operating margin +€35,996
up €35,996 (+71.5%), from €50,373 to €86,369
- Taxes +€7,946
up €7,946 (+183%), from €4,347 to €12,293
- Depreciation +€4,139
up €4,139 (+13.7%), from €30,130 to €34,269
- Financial charges +€3,769
up €3,769 (+85.6%), from €4,401 to €8,170
- Financial income +€1,250
up €1,250 (+65.1%), from €1,919 to €3,170
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 | €210,452 | €256,034 | +€45,582 | +21.7% |
| Fixed assets | 21/28 | €65,634 | €76,599 | +€10,965 | +16.7% |
| Tangible fixed assets | 22/27 | €65,634 | €76,599 | +€10,965 | +16.7% |
| Land and buildings | 22 | €54,282 | €27,046 | -€27,237 | -50.2% |
| Plant, machinery and equipment | 23 | €8,858 | €7,323 | -€1,535 | -17.3% |
| Furniture and vehicles | 24 | €2,494 | €42,231 | +€39,737 | +1,593% |
| Current assets | 29/58 | €144,818 | €179,435 | +€34,617 | +23.9% |
| Amounts receivable within one year | 40/41 | €8,788 | €32,160 | +€23,373 | +266% |
| Trade receivables | 40 | - | €13,500 | +€13,500 | |
| Other amounts receivable | 41 | €8,788 | €18,660 | +€9,873 | +112% |
| Current investments | 50/53 | €90,000 | €90,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,511 | €48,641 | +€3,130 | +6.9% |
| Deferred charges and accrued income | 490/1 | €519 | €8,634 | +€8,115 | +1,563% |
| Total equity and liabilities | 10/49 | €210,452 | €256,034 | +€45,582 | +21.7% |
| Equity | 10/15 | €207,895 | €241,372 | +€33,477 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,798 | €193,798 | = | 0.0% |
| Distributable reserves | 133 | €193,798 | €193,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,898 | €41,375 | +€33,477 | +424% |
| Amounts payable | 17/49 | €2,557 | €14,662 | +€12,105 | +473% |
| Amounts payable within one year | 42/48 | €1,890 | €13,914 | +€12,024 | +636% |
| Trade debts | 44 | - | €9,404 | +€9,404 | |
| Suppliers | 440/4 | - | €9,404 | +€9,404 | |
| Taxes, remuneration and social security | 45 | €1,890 | €4,510 | +€2,620 | +139% |
| Taxes | 450/3 | €1,890 | €4,510 | +€2,620 | +139% |
| Accrued charges and deferred income | 492/3 | €667 | €748 | +€81 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,130 | €34,269 | +€4,139 | +13.7% |
| Other operating charges | 640/8 | €1,215 | €1,330 | +€114 | +9.4% |
| Gross operating margin | 9900 | €50,373 | €86,369 | +€35,996 | +71.5% |
| Operating profit (loss) | 9901 | €19,027 | €50,770 | +€31,743 | +167% |
| Financial income | 75/76B | €1,919 | €3,170 | +€1,250 | +65.1% |
| Recurring financial income | 75 | €1,919 | €3,170 | +€1,250 | +65.1% |
| Financial charges | 65/66B | €4,401 | €8,170 | +€3,769 | +85.6% |
| Recurring financial charges | 65 | €4,401 | €8,170 | +€3,769 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | €16,546 | €45,770 | +€29,224 | +177% |
| Income taxes | 67/77 | €4,347 | €12,293 | +€7,946 | +183% |
| Profit (loss) for the period | 9904 | €12,199 | €33,477 | +€21,278 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €12,199 | €33,477 | +€21,278 | +174% |
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 25 October 2026 via checked.be.