L & N: 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 & N
Largest movements
- Receivables within one year -€51,404
down €51,404 (-34.5%), from €149,111 to €97,707
of which Trade receivables: -€68,373
- Tangible fixed assets -€20,303
down €20,303 (-81.8%), from €24,810 to €4,507
of which Leasing and similar rights: -€23,594
- Trade debts -€87,613
down €87,613 (-88.1%), from €99,432 to €11,819
- Debts after one year +€17,063
up €17,063 (+65.6%), from €26,019 to €43,083
- Short-term financial debts -€3,405
down €3,405 (-17.1%), from €19,943 to €16,538
- Tax, wage and social debts +€3,255
up €3,255 (+13.1%), from €24,938 to €28,193
of which Taxes: +€3,505
- Reserves +€3,235
up €3,235 (+3.6%), from €90,499 to €93,734
of which Distributable reserves: +€3,235
- Gross operating margin -€18,881
down €18,881 (-36.4%), from €51,930 to €33,048
- Depreciation -€3,500
down €3,500 (-12.4%), from €28,121 to €24,621
- Taxes -€2,923
down €2,923 (-42.2%), from €6,927 to €4,005
- Financial income +€2,643
up €2,643 (+44.8%), from €5,904 to €8,547
- Other operating charges -€2,078
down €2,078 (-31.0%), from €6,698 to €4,621
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,245 | €235,095 | -€69,149 | -22.7% |
| Fixed assets | 21/28 | €26,750 | €6,447 | -€20,303 | -75.9% |
| Tangible fixed assets | 22/27 | €24,810 | €4,507 | -€20,303 | -81.8% |
| Plant, machinery and equipment | 23 | - | €3,595 | +€3,595 | |
| Furniture and vehicles | 24 | €1,215 | €911 | -€304 | -25.0% |
| Leasing and similar rights | 25 | €23,594 | €0 | -€23,594 | -100% |
| Financial fixed assets | 28 | €1,940 | €1,940 | = | 0.0% |
| Current assets | 29/58 | €277,495 | €228,649 | -€48,847 | -17.6% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Other amounts receivable | 291 | €115,000 | €115,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,111 | €97,707 | -€51,404 | -34.5% |
| Trade receivables | 40 | €87,744 | €19,371 | -€68,373 | -77.9% |
| Other amounts receivable | 41 | €61,366 | €78,336 | +€16,969 | +27.7% |
| Cash at bank and in hand | 54/58 | €9,067 | €9,068 | +€1 | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,317 | €6,874 | +€2,557 | +59.2% |
| Total equity and liabilities | 10/49 | €304,245 | €235,095 | -€69,149 | -22.7% |
| Equity | 10/15 | €109,099 | €112,334 | +€3,235 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,499 | €93,734 | +€3,235 | +3.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €88,639 | €91,874 | +€3,235 | +3.6% |
| Amounts payable | 17/49 | €195,146 | €122,761 | -€72,385 | -37.1% |
| Amounts payable after more than one year | 17 | €26,019 | €43,083 | +€17,063 | +65.6% |
| Financial debts | 170/4 | €26,019 | €43,083 | +€17,063 | +65.6% |
| Amounts payable within one year | 42/48 | €167,624 | €79,487 | -€88,138 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €23,311 | €22,937 | -€374 | -1.6% |
| Financial debts | 43 | €19,943 | €16,538 | -€3,405 | -17.1% |
| Credit institutions | 430/8 | €19,943 | €16,538 | -€3,405 | -17.1% |
| Trade debts | 44 | €99,432 | €11,819 | -€87,613 | -88.1% |
| Suppliers | 440/4 | €99,432 | €11,819 | -€87,613 | -88.1% |
| Taxes, remuneration and social security | 45 | €24,938 | €28,193 | +€3,255 | +13.1% |
| Taxes | 450/3 | €22,908 | €26,413 | +€3,505 | +15.3% |
| Remuneration and social security | 454/9 | €2,030 | €1,780 | -€250 | -12.3% |
| Accrued charges and deferred income | 492/3 | €1,502 | €192 | -€1,310 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,121 | €24,621 | -€3,500 | -12.4% |
| Other operating charges | 640/8 | €6,698 | €4,621 | -€2,078 | -31.0% |
| Non-recurring operating charges | 66A | €188 | €0 | -€188 | -100% |
| Gross operating margin | 9900 | €51,930 | €33,048 | -€18,881 | -36.4% |
| Operating profit (loss) | 9901 | €16,922 | €3,807 | -€13,116 | -77.5% |
| Financial income | 75/76B | €5,904 | €8,547 | +€2,643 | +44.8% |
| Recurring financial income | 75 | €5,904 | €8,547 | +€2,643 | +44.8% |
| Financial charges | 65/66B | €6,366 | €5,113 | -€1,253 | -19.7% |
| Recurring financial charges | 65 | €6,366 | €5,113 | -€1,253 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €16,460 | €7,240 | -€9,220 | -56.0% |
| Income taxes | 67/77 | €6,927 | €4,005 | -€2,923 | -42.2% |
| Profit (loss) for the period | 9904 | €9,532 | €3,235 | -€6,297 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,532 | €3,235 | -€6,297 | -66.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.