L&N Solutions: 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 Solutions
Largest movements
- Tangible fixed assets +€3,927
up €3,927 (+49.6%), from €7,924 to €11,851
of which Plant, machinery and equipment: +€7,250
- Stocks and contracts -€3,828
down €3,828 (-4.6%), from €84,020 to €80,192
- Cash -€2,595
down €2,595 (-50.2%), from €5,169 to €2,574
mainly Debts after one year (-€15,647) and Investment in fixed assets (net) (-€7,250)
- Receivables within one year -€2,169
down €2,169 (-7.3%), from €29,814 to €27,645
of which Other amounts receivable: -€5,689
- Debts after one year -€15,647
down €15,647 (-31.8%), from €49,197 to €33,551
- Short-term financial debts +€6,135
up €6,135 (+19.8%), from €30,912 to €37,047
- Trade debts +€3,867
up €3,867 (+242%), from €1,598 to €5,465
- Tax, wage and social debts -€3,703
down €3,703 (-39.8%), from €9,303 to €5,600
- Profit (loss) carried forward +€3,608
up €3,608 (+10.9%), from -€33,143 to -€29,535
- Gross operating margin -€6,582
down €6,582 (-32.8%), from €20,096 to €13,514
- Depreciation -€6,213
down €6,213 (-65.2%), from €9,536 to €3,323
- Financial charges -€2,008
down €2,008 (-26.7%), from €7,524 to €5,516
- Other operating charges -€1,339
down €1,339 (-54.6%), from €2,450 to €1,111
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 | €127,780 | €123,115 | -€4,665 | -3.7% |
| Fixed assets | 21/28 | €8,777 | €12,704 | +€3,927 | +44.7% |
| Tangible fixed assets | 22/27 | €7,924 | €11,851 | +€3,927 | +49.6% |
| Land and buildings | 22 | €1,729 | €1,513 | -€216 | -12.5% |
| Plant, machinery and equipment | 23 | €0 | €7,250 | +€7,250 | |
| Furniture and vehicles | 24 | €6,195 | €3,088 | -€3,107 | -50.2% |
| Financial fixed assets | 28 | €853 | €853 | = | 0.0% |
| Current assets | 29/58 | €119,003 | €110,410 | -€8,592 | -7.2% |
| Stocks and contracts in progress | 3 | €84,020 | €80,192 | -€3,828 | -4.6% |
| Stocks | 30/36 | €84,020 | €80,192 | -€3,828 | -4.6% |
| Amounts receivable within one year | 40/41 | €29,814 | €27,645 | -€2,169 | -7.3% |
| Trade receivables | 40 | €11,000 | €14,520 | +€3,520 | +32.0% |
| Other amounts receivable | 41 | €18,814 | €13,125 | -€5,689 | -30.2% |
| Cash at bank and in hand | 54/58 | €5,169 | €2,574 | -€2,595 | -50.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €127,780 | €123,115 | -€4,665 | -3.7% |
| Equity | 10/15 | €22,197 | €25,805 | +€3,608 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,740 | €36,740 | = | 0.0% |
| 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 | €34,880 | €34,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,143 | -€29,535 | +€3,608 | +10.9% |
| Amounts payable | 17/49 | €105,583 | €97,309 | -€8,273 | -7.8% |
| Amounts payable after more than one year | 17 | €49,197 | €33,551 | -€15,647 | -31.8% |
| Financial debts | 170/4 | €49,197 | €33,551 | -€15,647 | -31.8% |
| Amounts payable within one year | 42/48 | €56,307 | €63,758 | +€7,451 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €14,494 | €15,647 | +€1,152 | +7.9% |
| Financial debts | 43 | €30,912 | €37,047 | +€6,135 | +19.8% |
| Credit institutions | 430/8 | €30,912 | €37,047 | +€6,135 | +19.8% |
| Trade debts | 44 | €1,598 | €5,465 | +€3,867 | +242% |
| Suppliers | 440/4 | €1,598 | €5,465 | +€3,867 | +242% |
| Taxes, remuneration and social security | 45 | €9,303 | €5,600 | -€3,703 | -39.8% |
| Taxes | 450/3 | €9,303 | €5,600 | -€3,703 | -39.8% |
| Accrued charges and deferred income | 492/3 | €78 | €0 | -€78 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,536 | €3,323 | -€6,213 | -65.2% |
| Other operating charges | 640/8 | €2,450 | €1,111 | -€1,339 | -54.6% |
| Gross operating margin | 9900 | €20,096 | €13,514 | -€6,582 | -32.8% |
| Operating profit (loss) | 9901 | €8,111 | €9,080 | +€970 | +12.0% |
| Financial income | 75/76B | €44 | €44 | +€0 | +0.1% |
| Recurring financial income | 75 | €44 | €44 | +€0 | +0.1% |
| Financial charges | 65/66B | €7,524 | €5,516 | -€2,008 | -26.7% |
| Recurring financial charges | 65 | €7,524 | €5,516 | -€2,008 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €630 | €3,608 | +€2,978 | +472% |
| Profit (loss) for the period | 9904 | €630 | €3,608 | +€2,978 | +472% |
| Profit (loss) for the period to be appropriated | 9905 | €630 | €3,608 | +€2,978 | +472% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.