L&N: 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&N
Largest movements
- Cash -€8,428
down €8,428 (-83.6%), from €10,084 to €1,656
mainly Investment in fixed assets (net) (-€2,670) and Tax, wage and social debts (-€2,383)
- Receivables within one year +€1,771
up €1,771 (+288.4%), from €614 to €2,385
of which Other amounts receivable: +€2,385
- Tangible fixed assets +€1,395
up €1,395 (+45.6%), from €3,059 to €4,454
of which Other tangible fixed assets: +€1,498
- Tax, wage and social debts -€2,383
down €2,383 (-83.9%), from €2,840 to €457
- Profit (loss) carried forward -€2,172
down €2,172 (-69.9%), from -€3,106 to -€5,278
- Other debts -€638
no longer reported in 2025 (was €638)
- Gross operating margin -€7,194
down €7,194 (-93.7%), from €7,675 to €481
- Taxes -€1,711
down €1,711 (-84.2%), from €2,033 to €322
- Depreciation +€105
up €105 (+9.0%), from €1,170 to €1,275
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.
Cash bridge derived
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 | €14,007 | €8,715 | -€5,292 | -37.8% |
| Fixed assets | 21/28 | €3,059 | €4,454 | +€1,395 | +45.6% |
| Tangible fixed assets | 22/27 | €3,059 | €4,454 | +€1,395 | +45.6% |
| Furniture and vehicles | 24 | €3,059 | €2,956 | -€103 | -3.4% |
| Other tangible fixed assets | 26 | - | €1,498 | +€1,498 | |
| Current assets | 29/58 | €10,948 | €4,261 | -€6,687 | -61.1% |
| Amounts receivable within one year | 40/41 | €614 | €2,385 | +€1,771 | +288.4% |
| Trade receivables | 40 | €614 | - | -€614 | |
| Other amounts receivable | 41 | - | €2,385 | +€2,385 | |
| Cash at bank and in hand | 54/58 | €10,084 | €1,656 | -€8,428 | -83.6% |
| Deferred charges and accrued income | 490/1 | €250 | €220 | -€30 | -12.0% |
| Total equity and liabilities | 10/49 | €14,007 | €8,715 | -€5,292 | -37.8% |
| Equity | 10/15 | €7,294 | €5,122 | -€2,172 | -29.8% |
| Contributions | 10/11 | €10,400 | €10,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,106 | -€5,278 | -€2,172 | -69.9% |
| Amounts payable | 17/49 | €6,713 | €3,593 | -€3,120 | -46.5% |
| Amounts payable within one year | 42/48 | €6,713 | €3,593 | -€3,120 | -46.5% |
| Trade debts | 44 | €3,235 | €3,136 | -€99 | -3.1% |
| Suppliers | 440/4 | €3,235 | €3,136 | -€99 | -3.1% |
| Taxes, remuneration and social security | 45 | €2,840 | €457 | -€2,383 | -83.9% |
| Taxes | 450/3 | €2,840 | €457 | -€2,383 | -83.9% |
| Other amounts payable | 47/48 | €638 | - | -€638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,170 | €1,275 | +€105 | +9.0% |
| Other operating charges | 640/8 | €995 | €1,026 | +€31 | +3.1% |
| Gross operating margin | 9900 | €7,675 | €481 | -€7,194 | -93.7% |
| Operating profit (loss) | 9901 | €5,510 | -€1,820 | -€7,330 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €40 | €45 | +€5 | +12.5% |
| Recurring financial charges | 65 | €40 | €45 | +€5 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €5,470 | -€1,850 | -€7,320 | |
| Income taxes | 67/77 | €2,033 | €322 | -€1,711 | -84.2% |
| Profit (loss) for the period | 9904 | €3,437 | -€2,172 | -€5,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,437 | -€2,172 | -€5,609 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.