L R E: 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 R E
Largest movements
- Financial fixed assets +€2.8m
up €2.8m (+14.4%), from €19.8m to €22.7m
- Cash +€456,433
up €456,433 (+4770.3%), from €9,568 to €466,001
mainly Other debts (+€9.9m) and Accrued charges and deferred income (+€146,335)
- Other debts +€9.9m
up €9.9m (+277.6%), from €3.6m to €13.4m
- Debts after one year -€5.7m
down €5.7m (-59.9%), from €9.5m to €3.8m
of which Financial debts: -€6.1m
- Current portion of long-term debt -€784,276
no longer reported in 2024 (was €784,276)
- Profit (loss) carried forward -€278,281
down €278,281 (-5.8%), from €4.8m to €4.5m
- Financial charges +€41,628
up €41,628 (+14.3%), from €292,028 to €333,656
- Gross operating margin -€8,489
down €8,489 (-13.0%), from €65,083 to €56,594
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,895,813 | €23,184,580 | +€3.3m | +16.5% |
| Fixed assets | 21/28 | €19,810,245 | €22,653,578 | +€2.8m | +14.4% |
| Financial fixed assets | 28 | €19,810,245 | €22,653,578 | +€2.8m | +14.4% |
| Current assets | 29/58 | €85,568 | €531,001 | +€445,433 | +520.6% |
| Amounts receivable within one year | 40/41 | €76,000 | €65,000 | -€11,000 | -14.5% |
| Other amounts receivable | 41 | €76,000 | €65,000 | -€11,000 | -14.5% |
| Cash at bank and in hand | 54/58 | €9,568 | €466,001 | +€456,433 | +4770.3% |
| Total equity and liabilities | 10/49 | €19,895,813 | €23,184,580 | +€3.3m | +16.5% |
| Equity | 10/15 | €5,895,491 | €5,617,211 | -€278,281 | -4.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,795,491 | €4,517,211 | -€278,281 | -5.8% |
| Amounts payable | 17/49 | €14,000,322 | €17,567,369 | +€3.6m | +25.5% |
| Amounts payable after more than one year | 17 | €9,483,620 | €3,805,500 | -€5.7m | -59.9% |
| Financial debts | 170/4 | €6,078,120 | - | -€6.1m | |
| Other amounts payable | 178/9 | €3,405,500 | €3,805,500 | +€400,000 | +11.7% |
| Amounts payable within one year | 42/48 | €4,357,029 | €13,455,861 | +€9.1m | +208.8% |
| Current portion of amounts payable after more than one year | 42 | €784,276 | - | -€784,276 | |
| Trade debts | 44 | €2,211 | €798 | -€1,413 | -63.9% |
| Suppliers | 440/4 | €2,211 | €798 | -€1,413 | -63.9% |
| Taxes, remuneration and social security | 45 | €10,445 | €10,739 | +€294 | +2.8% |
| Taxes | 450/3 | €10,445 | €10,739 | +€294 | +2.8% |
| Other amounts payable | 47/48 | €3,560,097 | €13,444,324 | +€9.9m | +277.6% |
| Accrued charges and deferred income | 492/3 | €159,673 | €306,008 | +€146,335 | +91.6% |
| Non-recurring operating income | 76A | €76,000 | €65,000 | -€11,000 | -14.5% |
| Other operating charges | 640/8 | €1,202 | €1,218 | +€16 | +1.3% |
| Gross operating margin | 9900 | €65,083 | €56,594 | -€8,489 | -13.0% |
| Operating profit (loss) | 9901 | €63,881 | €55,376 | -€8,505 | -13.3% |
| Financial charges | 65/66B | €292,028 | €333,656 | +€41,628 | +14.3% |
| Recurring financial charges | 65 | €292,028 | €333,656 | +€41,628 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€228,147 | -€278,281 | -€50,133 | -22.0% |
| Profit (loss) for the period | 9904 | -€228,147 | -€278,281 | -€50,133 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€228,147 | -€278,281 | -€50,133 | -22.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.