L.M.: what changed
Two fiscal 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.M.
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
No income-statement line moved by more than 1% of the activity.
From the 2023 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,490 | €156,490 | = | 0.0% |
| Fixed assets | 21/28 | €156,490 | €156,490 | = | 0.0% |
| Tangible fixed assets | 22/27 | €156,490 | €156,490 | = | 0.0% |
| Land and buildings | 22 | €156,490 | €156,490 | = | 0.0% |
| Total equity and liabilities | 10/49 | €156,490 | €156,490 | = | 0.0% |
| Equity | 10/15 | €37,702 | €37,702 | = | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €53,822 | €53,822 | = | 0.0% |
| Reserves | 13 | €26,141 | €26,141 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,066 | €23,066 | = | 0.0% |
| Other | 1319 | €23,066 | €23,066 | = | 0.0% |
| Distributable reserves | 133 | €3,075 | €3,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,853 | -€60,853 | = | 0.0% |
| Amounts payable | 17/49 | €118,788 | €118,788 | = | 0.0% |
| Amounts payable within one year | 42/48 | €118,788 | €118,788 | = | 0.0% |
| Other amounts payable | 47/48 | €118,788 | €118,788 | = | 0.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.