L.R.C.: 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.C.
Largest movements
- Stocks and contracts -€29,967
no longer reported in 2025 (was €29,967)
- Cash +€9,835
up €9,835 (+413%), from €2,383 to €12,218
mainly Stocks and contracts (+€29,967) and Deferred charges and accrued income (+€6,342)
- Deferred charges and accrued income -€6,342
down €6,342 (-83.5%), from €7,594 to €1,252
- Tangible fixed assets -€3,836
down €3,836 (-40.0%), from €9,579 to €5,743
of which Furniture and vehicles: -€2,992
- Receivables within one year +€1,755
up €1,755 (+3.4%), from €51,241 to €52,996
of which Other amounts receivable: +€5,296
- Other debts -€10,898
down €10,898 (-35.5%), from €30,713 to €19,815
- Debts after one year -€6,617
down €6,617 (-85.3%), from €7,756 to €1,139
- Profit (loss) carried forward -€4,910
down €4,910 (-52.7%), from -€9,324 to -€14,235
- Tax, wage and social debts -€3,391
down €3,391 (-16.4%), from €20,717 to €17,326
- Trade debts -€3,092
down €3,092 (-13.3%), from €23,178 to €20,086
- Gross operating margin -€18,475
down €18,475 (-64.2%), from €28,785 to €10,311
- Taxes -€5,352
down €5,352 (-89.6%), from €5,970 to €618
- Financial charges -€2,492
down €2,492 (-39.1%), from €6,368 to €3,876
- Other operating charges +€1,446
up €1,446 (+26.4%), from €5,483 to €6,929
- Depreciation -€531
down €531 (-16.3%), from €3,266 to €2,735
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 | €100,814 | €72,259 | -€28,555 | -28.3% |
| Fixed assets | 21/28 | €9,629 | €5,793 | -€3,836 | -39.8% |
| Tangible fixed assets | 22/27 | €9,579 | €5,743 | -€3,836 | -40.0% |
| Plant, machinery and equipment | 23 | €4,829 | €3,985 | -€844 | -17.5% |
| Furniture and vehicles | 24 | €4,750 | €1,759 | -€2,992 | -63.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €91,185 | €66,466 | -€24,719 | -27.1% |
| Stocks and contracts in progress | 3 | €29,967 | - | -€29,967 | |
| Stocks | 30/36 | €29,967 | - | -€29,967 | |
| Amounts receivable within one year | 40/41 | €51,241 | €52,996 | +€1,755 | +3.4% |
| Trade receivables | 40 | €42,425 | €38,884 | -€3,541 | -8.3% |
| Other amounts receivable | 41 | €8,816 | €14,112 | +€5,296 | +60.1% |
| Cash at bank and in hand | 54/58 | €2,383 | €12,218 | +€9,835 | +413% |
| Deferred charges and accrued income | 490/1 | €7,594 | €1,252 | -€6,342 | -83.5% |
| Total equity and liabilities | 10/49 | €100,814 | €72,259 | -€28,555 | -28.3% |
| Equity | 10/15 | €12,187 | €7,277 | -€4,910 | -40.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,919 | €2,919 | = | 0.0% |
| Distributable reserves | 133 | €2,919 | €2,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,324 | -€14,235 | -€4,910 | -52.7% |
| Amounts payable | 17/49 | €88,627 | €64,983 | -€23,645 | -26.7% |
| Amounts payable after more than one year | 17 | €7,756 | €1,139 | -€6,617 | -85.3% |
| Financial debts | 170/4 | €7,756 | €1,139 | -€6,617 | -85.3% |
| Amounts payable within one year | 42/48 | €80,871 | €63,844 | -€17,027 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €6,262 | €6,617 | +€355 | +5.7% |
| Trade debts | 44 | €23,178 | €20,086 | -€3,092 | -13.3% |
| Suppliers | 440/4 | €23,178 | €20,086 | -€3,092 | -13.3% |
| Taxes, remuneration and social security | 45 | €20,717 | €17,326 | -€3,391 | -16.4% |
| Taxes | 450/3 | €20,717 | €17,326 | -€3,391 | -16.4% |
| Other amounts payable | 47/48 | €30,713 | €19,815 | -€10,898 | -35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,266 | €2,735 | -€531 | -16.3% |
| Other operating charges | 640/8 | €5,483 | €6,929 | +€1,446 | +26.4% |
| Non-recurring operating charges | 66A | - | €1,233 | +€1,233 | |
| Gross operating margin | 9900 | €28,785 | €10,311 | -€18,475 | -64.2% |
| Operating profit (loss) | 9901 | €20,036 | -€587 | -€20,623 | |
| Financial income | 75/76B | €20 | €170 | +€149 | +731% |
| Recurring financial income | 75 | €20 | €170 | +€149 | +731% |
| Financial charges | 65/66B | €6,368 | €3,876 | -€2,492 | -39.1% |
| Recurring financial charges | 65 | €6,368 | €3,876 | -€2,492 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €13,689 | -€4,292 | -€17,981 | |
| Income taxes | 67/77 | €5,970 | €618 | -€5,352 | -89.6% |
| Profit (loss) for the period | 9904 | €7,719 | -€4,910 | -€12,630 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,719 | -€4,910 | -€12,630 |
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 24 October 2026 via checked.be.