L. & O. PARTNERS: 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. PARTNERS
Largest movements
- Cash -€10,064
down €10,064 (-50.7%), from €19,844 to €9,780
mainly Trade debts (-€13,615) and Tax, wage and social debts (-€5,951)
- Receivables within one year -€6,695
down €6,695 (-7.4%), from €90,609 to €83,914
of which Trade receivables: -€5,398
- Tangible fixed assets -€1,311
down €1,311 (-62.1%), from €2,112 to €801
- Trade debts -€13,615
down €13,615 (-70.1%), from €19,411 to €5,796
- Tax, wage and social debts -€5,951
down €5,951 (-35.4%), from €16,827 to €10,877
of which Remuneration and social security: -€5,072
- Other debts +€4,729
up €4,729 (+54.1%), from €8,744 to €13,472
- Profit (loss) carried forward -€2,691
down €2,691 (-37.9%), from €7,092 to €4,401
- Staff costs -€11,122
down €11,122 (-27.0%), from €41,194 to €30,072
- Gross operating margin +€2,731
up €2,731 (+9.8%), from €27,751 to €30,481
- Taxes +€1,118
up €1,118 (+12,231%), from €9 to €1,127
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 | €113,054 | €94,545 | -€18,508 | -16.4% |
| Fixed assets | 21/28 | €2,162 | €851 | -€1,311 | -60.6% |
| Tangible fixed assets | 22/27 | €2,112 | €801 | -€1,311 | -62.1% |
| Furniture and vehicles | 24 | €2,112 | €801 | -€1,311 | -62.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €110,892 | €93,694 | -€17,198 | -15.5% |
| Amounts receivable within one year | 40/41 | €90,609 | €83,914 | -€6,695 | -7.4% |
| Trade receivables | 40 | €85,459 | €80,061 | -€5,398 | -6.3% |
| Other amounts receivable | 41 | €5,150 | €3,853 | -€1,297 | -25.2% |
| Cash at bank and in hand | 54/58 | €19,844 | €9,780 | -€10,064 | -50.7% |
| Deferred charges and accrued income | 490/1 | €439 | - | -€439 | |
| Total equity and liabilities | 10/49 | €113,054 | €94,545 | -€18,508 | -16.4% |
| Equity | 10/15 | €67,092 | €64,401 | -€2,691 | -4.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,092 | €4,401 | -€2,691 | -37.9% |
| Amounts payable | 17/49 | €45,962 | €30,145 | -€15,817 | -34.4% |
| Amounts payable within one year | 42/48 | €44,982 | €30,145 | -€14,837 | -33.0% |
| Trade debts | 44 | €19,411 | €5,796 | -€13,615 | -70.1% |
| Suppliers | 440/4 | €19,411 | €5,796 | -€13,615 | -70.1% |
| Taxes, remuneration and social security | 45 | €16,827 | €10,877 | -€5,951 | -35.4% |
| Taxes | 450/3 | €2,405 | €1,526 | -€879 | -36.5% |
| Remuneration and social security | 454/9 | €14,422 | €9,350 | -€5,072 | -35.2% |
| Other amounts payable | 47/48 | €8,744 | €13,472 | +€4,729 | +54.1% |
| Accrued charges and deferred income | 492/3 | €980 | - | -€980 | |
| Remuneration, social security and pensions | 62 | €41,194 | €30,072 | -€11,122 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,578 | €1,311 | -€267 | -16.9% |
| Other operating charges | 640/8 | €521 | €572 | +€51 | +9.8% |
| Gross operating margin | 9900 | €27,751 | €30,481 | +€2,731 | +9.8% |
| Operating profit (loss) | 9901 | -€15,542 | -€1,473 | +€14,069 | +90.5% |
| Financial income | 75/76B | €41 | €277 | +€237 | +583% |
| Recurring financial income | 75 | €41 | €277 | +€237 | +583% |
| Financial charges | 65/66B | €305 | €368 | +€64 | +20.9% |
| Recurring financial charges | 65 | €305 | €368 | +€64 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,806 | -€1,564 | +€14,242 | +90.1% |
| Income taxes | 67/77 | €9 | €1,127 | +€1,118 | +12,231% |
| Profit (loss) for the period | 9904 | -€15,815 | -€2,691 | +€13,124 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,815 | -€2,691 | +€13,124 | +83.0% |
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 1 November 2026 via checked.be.