L.P.: what changed
Two fiscal 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.P.
Largest movements
- Cash +€458,717
up €458,717 (+161.0%), from €284,832 to €743,549
mainly Current investments (+€400,000) and Other debts (+€132,769)
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Other debts +€132,769
up €132,769 (+48512.5%), from €274 to €133,043
- Reserves -€49,618
down €49,618 (-7.8%), from €633,161 to €583,543
of which Distributable reserves: -€49,618
- Tax, wage and social debts -€30,294
down €30,294 (-55.8%), from €54,307 to €24,013
- Gross operating margin -€30,866
down €30,866 (-15.1%), from €204,007 to €173,142
- Taxes -€8,178
down €8,178 (-12.6%), from €64,663 to €56,485
- Financial income +€5,847
up €5,847 (+269.8%), from €2,167 to €8,014
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 | €705,932 | €754,198 | +€48,266 | +6.8% |
| Fixed assets | 21/28 | €5,462 | €1,985 | -€3,478 | -63.7% |
| Tangible fixed assets | 22/27 | €5,462 | €1,985 | -€3,478 | -63.7% |
| Plant, machinery and equipment | 23 | €1,284 | €887 | -€397 | -30.9% |
| Furniture and vehicles | 24 | €4,179 | €1,098 | -€3,081 | -73.7% |
| Current assets | 29/58 | €700,470 | €752,213 | +€51,744 | +7.4% |
| Amounts receivable within one year | 40/41 | €13,000 | €5,919 | -€7,081 | -54.5% |
| Other amounts receivable | 41 | €13,000 | €5,919 | -€7,081 | -54.5% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €284,832 | €743,549 | +€458,717 | +161.0% |
| Deferred charges and accrued income | 490/1 | €2,638 | €2,745 | +€108 | +4.1% |
| Total equity and liabilities | 10/49 | €705,932 | €754,198 | +€48,266 | +6.8% |
| Equity | 10/15 | €645,561 | €595,943 | -€49,618 | -7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €633,161 | €583,543 | -€49,618 | -7.8% |
| 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 | €631,301 | €581,683 | -€49,618 | -7.9% |
| Amounts payable | 17/49 | €60,370 | €158,255 | +€97,884 | +162.1% |
| Amounts payable within one year | 42/48 | €59,620 | €158,255 | +€98,634 | +165.4% |
| Trade debts | 44 | €5,040 | €1,199 | -€3,841 | -76.2% |
| Suppliers | 440/4 | €5,040 | €1,199 | -€3,841 | -76.2% |
| Taxes, remuneration and social security | 45 | €54,307 | €24,013 | -€30,294 | -55.8% |
| Taxes | 450/3 | €54,307 | €24,013 | -€30,294 | -55.8% |
| Other amounts payable | 47/48 | €274 | €133,043 | +€132,769 | +48512.5% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,275 | €4,687 | -€589 | -11.2% |
| Other operating charges | 640/8 | €1,923 | €1,917 | -€6 | -0.3% |
| Gross operating margin | 9900 | €204,007 | €173,142 | -€30,866 | -15.1% |
| Operating profit (loss) | 9901 | €196,809 | €166,538 | -€30,271 | -15.4% |
| Financial income | 75/76B | €2,167 | €8,014 | +€5,847 | +269.8% |
| Recurring financial income | 75 | €2,167 | €8,014 | +€5,847 | +269.8% |
| Financial charges | 65/66B | €30 | €1,624 | +€1,595 | +5386.2% |
| Recurring financial charges | 65 | €30 | €1,624 | +€1,595 | +5386.2% |
| Profit (loss) for the period before taxes | 9903 | €198,947 | €172,928 | -€26,019 | -13.1% |
| Income taxes | 67/77 | €64,663 | €56,485 | -€8,178 | -12.6% |
| Profit (loss) for the period | 9904 | €134,283 | €116,443 | -€17,841 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €134,283 | €116,443 | -€17,841 | -13.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.