L&R Management: what changed
L&R Management
Largest movements
- Cash -€3,680
down €3,680 (-93.5%), from €3,936 to €256
mainly Debts after one year (-€11,554) and Receivables within one year (-€784)
- Deferred charges and accrued income -€2,000
no longer reported in 2025 (was €2,000)
- Debts after one year -€11,554
down €11,554 (-12.1%), from €95,234 to €83,679
- Other debts +€2,670
up €2,670 (+20.4%), from €13,089 to €15,758
- Current portion of long-term debt +€2,441
up €2,441 (+17.7%), from €13,792 to €16,234
- Financial charges +€1,261
up €1,261 (+30.7%), from €4,109 to €5,370
- Taxes -€535
down €535 (-71.2%), from €751 to €216
- Gross operating margin -€296
down €296 (-4.2%), from €7,114 to €6,818
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,321 | €124,425 | -€4,896 | -3.8% |
| Fixed assets | 21/28 | €120,636 | €120,636 | = | 0.0% |
| Financial fixed assets | 28 | €120,636 | €120,636 | = | 0.0% |
| Current assets | 29/58 | €8,685 | €3,789 | -€4,896 | -56.4% |
| Amounts receivable within one year | 40/41 | €2,749 | €3,532 | +€784 | +28.5% |
| Other amounts receivable | 41 | €2,749 | €3,532 | +€784 | +28.5% |
| Cash at bank and in hand | 54/58 | €3,936 | €256 | -€3,680 | -93.5% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €129,321 | €124,425 | -€4,896 | -3.8% |
| Equity | 10/15 | €4,954 | €5,819 | +€865 | +17.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,954 | €2,819 | +€865 | +44.3% |
| Distributable reserves | 133 | €1,954 | €2,819 | +€865 | +44.3% |
| Amounts payable | 17/49 | €124,367 | €118,606 | -€5,761 | -4.6% |
| Amounts payable after more than one year | 17 | €95,234 | €83,679 | -€11,554 | -12.1% |
| Financial debts | 170/4 | €95,234 | €83,679 | -€11,554 | -12.1% |
| Amounts payable within one year | 42/48 | €29,133 | €34,460 | +€5,327 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €13,792 | €16,234 | +€2,441 | +17.7% |
| Trade debts | 44 | - | €573 | +€573 | |
| Suppliers | 440/4 | - | €573 | +€573 | |
| Taxes, remuneration and social security | 45 | €2,252 | €1,895 | -€357 | -15.9% |
| Taxes | 450/3 | €2,252 | €1,895 | -€357 | -15.9% |
| Other amounts payable | 47/48 | €13,089 | €15,758 | +€2,670 | +20.4% |
| Accrued charges and deferred income | 492/3 | - | €466 | +€466 | |
| Other operating charges | 640/8 | €300 | €368 | +€68 | +22.5% |
| Gross operating margin | 9900 | €7,114 | €6,818 | -€296 | -4.2% |
| Operating profit (loss) | 9901 | €6,814 | €6,451 | -€363 | -5.3% |
| Financial charges | 65/66B | €4,109 | €5,370 | +€1,261 | +30.7% |
| Recurring financial charges | 65 | €4,109 | €5,370 | +€1,261 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €2,706 | €1,081 | -€1,624 | -60.0% |
| Income taxes | 67/77 | €751 | €216 | -€535 | -71.2% |
| Profit (loss) for the period | 9904 | €1,954 | €865 | -€1,089 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,954 | €865 | -€1,089 | -55.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.