L.L.T.: 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.T.
Largest movements
- Receivables within one year +€3,790
up €3,790 (+2.1%), from €181,133 to €184,923
of which Trade receivables: +€16,531
- Cash +€3,776
up €3,776 (+2,149%), from €176 to €3,951
mainly Other debts (+€6,737) and Net result for the year (+€6,373)
- Tax, wage and social debts -€10,202
down €10,202 (-26.9%), from €37,926 to €27,724
- Other debts +€6,737
new in 2025: €6,737
- Reserves +€6,370
up €6,370 (+4.6%), from €137,525 to €143,895
- Trade debts +€4,657
up €4,657 (+207%), from €2,251 to €6,908
- Gross operating margin -€77,607
down €77,607 (-88.0%), from €88,179 to €10,573
- Taxes -€24,835
down €24,835 (-87.5%), from €28,368 to €3,532
- Other operating charges -€4,580
down €4,580 (-90.2%), from €5,075 to €495
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 | €181,309 | €188,874 | +€7,566 | +4.2% |
| Current assets | 29/58 | €181,309 | €188,874 | +€7,566 | +4.2% |
| Amounts receivable within one year | 40/41 | €181,133 | €184,923 | +€3,790 | +2.1% |
| Trade receivables | 40 | €149,912 | €166,443 | +€16,531 | +11.0% |
| Other amounts receivable | 41 | €31,221 | €18,480 | -€12,741 | -40.8% |
| Cash at bank and in hand | 54/58 | €176 | €3,951 | +€3,776 | +2,149% |
| Total equity and liabilities | 10/49 | €181,309 | €188,874 | +€7,566 | +4.2% |
| Equity | 10/15 | €141,132 | €147,505 | +€6,373 | +4.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Capital | 10 | €20,460 | €20,460 | = | 0.0% |
| Issued capital | 100 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €137,525 | €143,895 | +€6,370 | +4.6% |
| Distributable reserves | 133 | €137,525 | €143,895 | +€6,370 | +4.6% |
| Profit (loss) carried forward | 14 | -€16,853 | -€16,850 | +€3 | 0.0% |
| Amounts payable | 17/49 | €40,176 | €41,369 | +€1,193 | +3.0% |
| Amounts payable within one year | 42/48 | €40,176 | €41,369 | +€1,193 | +3.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,251 | €6,908 | +€4,657 | +207% |
| Suppliers | 440/4 | €2,251 | €6,908 | +€4,657 | +207% |
| Taxes, remuneration and social security | 45 | €37,926 | €27,724 | -€10,202 | -26.9% |
| Taxes | 450/3 | €37,926 | €27,724 | -€10,202 | -26.9% |
| Other amounts payable | 47/48 | - | €6,737 | +€6,737 | |
| Other operating charges | 640/8 | €5,075 | €495 | -€4,580 | -90.2% |
| Gross operating margin | 9900 | €88,179 | €10,573 | -€77,607 | -88.0% |
| Operating profit (loss) | 9901 | €83,105 | €10,077 | -€73,027 | -87.9% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €710 | €172 | -€538 | -75.7% |
| Recurring financial charges | 65 | €710 | €172 | -€538 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €82,396 | €9,905 | -€72,491 | -88.0% |
| Income taxes | 67/77 | €28,368 | €3,532 | -€24,835 | -87.5% |
| Profit (loss) for the period | 9904 | €54,029 | €6,373 | -€47,656 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,029 | €6,373 | -€47,656 | -88.2% |
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 22 October 2026 via checked.be.