L&O: 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&O
Largest movements
- Receivables within one year +€28,133
up €28,133 (+414.4%), from €6,788 to €34,922
of which Other amounts receivable: +€26,653
- Cash -€1,846
down €1,846 (-23.7%), from €7,779 to €5,933
mainly Receivables within one year (-€28,133) and Net result for the year (-€18,913)
- Other debts +€45,200
up €45,200 (+26.6%), from €169,751 to €214,952
- Profit (loss) carried forward -€18,913
down €18,913 (-11.3%), from -€167,584 to -€186,497
- Gross operating margin +€33,067
up €33,067 (+65.0%), from -€50,868 to -€17,800
- Depreciation -€3,636
down €3,636 (-100.0%), from €3,636 to €0
- Other operating charges +€601
up €601 (+150.5%), from €399 to €1,000
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 | €14,568 | €40,855 | +€26,287 | +180.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €14,568 | €40,855 | +€26,287 | +180.4% |
| Amounts receivable within one year | 40/41 | €6,788 | €34,922 | +€28,133 | +414.4% |
| Trade receivables | 40 | €1,317 | €2,797 | +€1,480 | +112.4% |
| Other amounts receivable | 41 | €5,472 | €32,125 | +€26,653 | +487.1% |
| Cash at bank and in hand | 54/58 | €7,779 | €5,933 | -€1,846 | -23.7% |
| Total equity and liabilities | 10/49 | €14,568 | €40,855 | +€26,287 | +180.4% |
| Equity | 10/15 | -€155,184 | -€174,097 | -€18,913 | -12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,584 | -€186,497 | -€18,913 | -11.3% |
| Amounts payable | 17/49 | €169,751 | €214,952 | +€45,200 | +26.6% |
| Amounts payable within one year | 42/48 | €169,751 | €214,952 | +€45,200 | +26.6% |
| Other amounts payable | 47/48 | €169,751 | €214,952 | +€45,200 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,636 | €0 | -€3,636 | -100.0% |
| Other operating charges | 640/8 | €399 | €1,000 | +€601 | +150.5% |
| Gross operating margin | 9900 | -€50,868 | -€17,800 | +€33,067 | +65.0% |
| Operating profit (loss) | 9901 | -€54,903 | -€18,800 | +€36,103 | +65.8% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €2 | €116 | +€114 | +6280.8% |
| Recurring financial charges | 65 | €2 | €116 | +€114 | +6280.8% |
| Profit (loss) for the period before taxes | 9903 | -€54,905 | -€18,913 | +€35,992 | +65.6% |
| Profit (loss) for the period | 9904 | -€54,905 | -€18,913 | +€35,992 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,905 | -€18,913 | +€35,992 | +65.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.