L.N.C.: 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.C.
Largest movements
- Tangible fixed assets +€20,771
new in 2025: €20,771
- Cash +€7,340
up €7,340 (+2,646%), from €277 to €7,618
mainly Other debts (+€36,448) and Depreciation (+€10,386)
- Receivables within one year +€5,053
up €5,053 (+26,263%), from €19 to €5,072
of which Trade receivables: +€5,017
- Other debts +€36,448
up €36,448 (+344%), from €10,597 to €47,045
- Profit (loss) carried forward -€9,702
down €9,702 (-40.1%), from -€24,220 to -€33,923
- Trade debts +€3,329
new in 2025: €3,329
- Tax, wage and social debts +€3,090
up €3,090 (+89.1%), from €3,469 to €6,559
of which Remuneration and social security: +€5,334
- Gross operating margin +€48,456
up €48,456, from -€1,572 to €46,884
- Staff costs +€41,340
new in 2025: €41,340
- Depreciation +€10,386
new in 2025: €10,386
- Other operating charges +€2,504
up €2,504 (+745%), from €336 to €2,841
- Financial charges +€1,827
up €1,827 (+949%), from €193 to €2,020
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 | €22,297 | €55,461 | +€33,165 | +149% |
| Fixed assets | 21/28 | €22,000 | €42,771 | +€20,771 | +94.4% |
| Intangible fixed assets | 21 | €22,000 | €22,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | - | €20,771 | +€20,771 | |
| Furniture and vehicles | 24 | - | €20,771 | +€20,771 | |
| Current assets | 29/58 | €297 | €12,690 | +€12,393 | +4,178% |
| Amounts receivable within one year | 40/41 | €19 | €5,072 | +€5,053 | +26,263% |
| Trade receivables | 40 | - | €5,017 | +€5,017 | |
| Other amounts receivable | 41 | €19 | €55 | +€36 | +185% |
| Cash at bank and in hand | 54/58 | €277 | €7,618 | +€7,340 | +2,646% |
| Total equity and liabilities | 10/49 | €22,297 | €55,461 | +€33,165 | +149% |
| Equity | 10/15 | €8,231 | -€1,472 | -€9,702 | |
| Contributions | 10/11 | €30,592 | €30,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,220 | -€33,923 | -€9,702 | -40.1% |
| Amounts payable | 17/49 | €14,066 | €56,933 | +€42,867 | +305% |
| Amounts payable within one year | 42/48 | €14,066 | €56,933 | +€42,867 | +305% |
| Trade debts | 44 | - | €3,329 | +€3,329 | |
| Suppliers | 440/4 | - | €3,329 | +€3,329 | |
| Taxes, remuneration and social security | 45 | €3,469 | €6,559 | +€3,090 | +89.1% |
| Taxes | 450/3 | €3,469 | €1,225 | -€2,245 | -64.7% |
| Remuneration and social security | 454/9 | - | €5,334 | +€5,334 | |
| Other amounts payable | 47/48 | €10,597 | €47,045 | +€36,448 | +344% |
| Non-recurring operating income | 76A | - | €210 | +€210 | |
| Remuneration, social security and pensions | 62 | - | €41,340 | +€41,340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,386 | +€10,386 | |
| Other operating charges | 640/8 | €336 | €2,841 | +€2,504 | +745% |
| Non-recurring operating charges | 66A | €9,854 | - | -€9,854 | |
| Gross operating margin | 9900 | -€1,572 | €46,884 | +€48,456 | |
| Operating profit (loss) | 9901 | -€11,763 | -€7,682 | +€4,080 | +34.7% |
| Financial charges | 65/66B | €193 | €2,020 | +€1,827 | +949% |
| Recurring financial charges | 65 | €193 | €2,020 | +€1,827 | +949% |
| Profit (loss) for the period before taxes | 9903 | -€11,955 | -€9,702 | +€2,253 | +18.8% |
| Profit (loss) for the period | 9904 | -€11,955 | -€9,702 | +€2,253 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,955 | -€9,702 | +€2,253 | +18.8% |
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 18 October 2026 via checked.be.