L&R: 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&R
Largest movements
- Receivables within one year +€5,035
new in 2025: €5,035
- Cash +€3,210
up €3,210 (+8.6%), from €37,492 to €40,702
mainly Net result for the year (+€10,087) and Other debts (+€2,937)
- Tangible fixed assets -€683
down €683 (-26.9%), from €2,541 to €1,858
of which Furniture and vehicles: -€683
- Profit (loss) carried forward +€7,899
no longer reported in 2025 (was -€7,899)
- Tax, wage and social debts -€3,248
no longer reported in 2025 (was €3,248)
- Other debts +€2,937
up €2,937 (+24.4%), from €12,020 to €14,957
- Trade debts -€2,215
down €2,215 (-12.4%), from €17,824 to €15,610
- Reserves +€2,188
up €2,188 (+89.7%), from €2,440 to €4,628
of which Distributable reserves: +€2,188
- Gross operating margin +€17,373
up €17,373, from -€4,724 to €12,649
- Other operating charges -€1,352
down €1,352 (-83.1%), from €1,628 to €276
- Depreciation +€491
up €491 (+255%), from €192 to €683
- Taxes +€384
up €384 (+185%), from €207 to €591
- Financial charges -€219
down €219 (-15.7%), from €1,397 to €1,179
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 | €40,034 | €47,595 | +€7,561 | +18.9% |
| Fixed assets | 21/28 | €2,541 | €1,858 | -€683 | -26.9% |
| Tangible fixed assets | 22/27 | €2,541 | €1,858 | -€683 | -26.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,541 | €1,858 | -€683 | -26.9% |
| Current assets | 29/58 | €37,492 | €45,737 | +€8,245 | +22.0% |
| Amounts receivable within one year | 40/41 | - | €5,035 | +€5,035 | |
| Other amounts receivable | 41 | - | €5,035 | +€5,035 | |
| Cash at bank and in hand | 54/58 | €37,492 | €40,702 | +€3,210 | +8.6% |
| Total equity and liabilities | 10/49 | €40,034 | €47,595 | +€7,561 | +18.9% |
| Equity | 10/15 | €6,941 | €17,028 | +€10,087 | +145% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,440 | €4,628 | +€2,188 | +89.7% |
| Non-distributable reserves | 130/1 | €226 | €226 | = | 0.0% |
| Reserves not available under the articles | 1311 | €226 | €226 | = | 0.0% |
| Distributable reserves | 133 | €2,214 | €4,402 | +€2,188 | +98.8% |
| Profit (loss) carried forward | 14 | -€7,899 | - | +€7,899 | |
| Amounts payable | 17/49 | €33,093 | €30,567 | -€2,526 | -7.6% |
| Amounts payable within one year | 42/48 | €33,093 | €30,567 | -€2,526 | -7.6% |
| Trade debts | 44 | €17,824 | €15,610 | -€2,215 | -12.4% |
| Suppliers | 440/4 | €17,824 | €15,610 | -€2,215 | -12.4% |
| Taxes, remuneration and social security | 45 | €3,248 | - | -€3,248 | |
| Taxes | 450/3 | €3,248 | - | -€3,248 | |
| Other amounts payable | 47/48 | €12,020 | €14,957 | +€2,937 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €683 | +€491 | +255% |
| Other operating charges | 640/8 | €1,628 | €276 | -€1,352 | -83.1% |
| Gross operating margin | 9900 | -€4,724 | €12,649 | +€17,373 | |
| Operating profit (loss) | 9901 | -€6,544 | €11,690 | +€18,233 | |
| Financial income | 75/76B | €249 | €167 | -€82 | -33.0% |
| Recurring financial income | 75 | €249 | €167 | -€82 | -33.0% |
| Financial charges | 65/66B | €1,397 | €1,179 | -€219 | -15.7% |
| Recurring financial charges | 65 | €1,397 | €1,179 | -€219 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,692 | €10,678 | +€18,370 | |
| Income taxes | 67/77 | €207 | €591 | +€384 | +185% |
| Profit (loss) for the period | 9904 | -€7,899 | €10,087 | +€17,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,899 | €10,087 | +€17,987 |
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 15 October 2026 via checked.be.