L&S: 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&S
Largest movements
- Cash +€23,502
up €23,502 (+215.5%), from €10,904 to €34,406
mainly Debts after one year (+€34,606) and Trade debts (+€6,767)
- Stocks and contracts +€18,265
up €18,265 (+35.5%), from €51,505 to €69,770
- Debts after one year +€34,606
up €34,606 (+32.4%), from €106,851 to €141,457
- Trade debts +€6,767
new in 2025: €6,767
- Tax, wage and social debts +€4,964
up €4,964 (+290.4%), from €1,709 to €6,673
- Profit (loss) carried forward -€4,866
down €4,866 (-27.9%), from -€17,427 to -€22,293
- Gross operating margin +€16,625
up €16,625, from -€9,381 to €7,245
- Financial charges +€3,947
up €3,947 (+52.4%), from €7,539 to €11,486
- Other operating charges +€383
up €383 (+99.6%), from €384 to €768
- Financial income +€364
up €364 (+48.5%), from €750 to €1,113
- Depreciation +€98
up €98 (+11.2%), from €873 to €971
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 | €96,133 | €137,604 | +€41,471 | +43.1% |
| Fixed assets | 21/28 | €3,980 | €3,010 | -€971 | -24.4% |
| Intangible fixed assets | 21 | €3,980 | €3,010 | -€971 | -24.4% |
| Current assets | 29/58 | €92,153 | €134,594 | +€42,441 | +46.1% |
| Stocks and contracts in progress | 3 | €51,505 | €69,770 | +€18,265 | +35.5% |
| Stocks | 30/36 | €51,505 | €69,770 | +€18,265 | +35.5% |
| Amounts receivable within one year | 40/41 | €29,744 | €30,398 | +€655 | +2.2% |
| Trade receivables | 40 | €20,135 | €18,338 | -€1,797 | -8.9% |
| Other amounts receivable | 41 | €9,609 | €12,061 | +€2,452 | +25.5% |
| Cash at bank and in hand | 54/58 | €10,904 | €34,406 | +€23,502 | +215.5% |
| Deferred charges and accrued income | 490/1 | - | €20 | +€20 | |
| Total equity and liabilities | 10/49 | €96,133 | €137,604 | +€41,471 | +43.1% |
| Equity | 10/15 | -€12,427 | -€17,293 | -€4,866 | -39.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,427 | -€22,293 | -€4,866 | -27.9% |
| Amounts payable | 17/49 | €108,560 | €154,897 | +€46,337 | +42.7% |
| Amounts payable after more than one year | 17 | €106,851 | €141,457 | +€34,606 | +32.4% |
| Other amounts payable | 178/9 | €106,851 | €141,457 | +€34,606 | +32.4% |
| Amounts payable within one year | 42/48 | €1,709 | €13,440 | +€11,731 | +686.3% |
| Trade debts | 44 | - | €6,767 | +€6,767 | |
| Suppliers | 440/4 | - | €6,767 | +€6,767 | |
| Taxes, remuneration and social security | 45 | €1,709 | €6,673 | +€4,964 | +290.4% |
| Taxes | 450/3 | €1,709 | €6,673 | +€4,964 | +290.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €971 | +€98 | +11.2% |
| Other operating charges | 640/8 | €384 | €768 | +€383 | +99.6% |
| Gross operating margin | 9900 | -€9,381 | €7,245 | +€16,625 | |
| Operating profit (loss) | 9901 | -€10,638 | €5,506 | +€16,144 | |
| Financial income | 75/76B | €750 | €1,113 | +€364 | +48.5% |
| Recurring financial income | 75 | €750 | €1,113 | +€364 | +48.5% |
| Financial charges | 65/66B | €7,539 | €11,486 | +€3,947 | +52.4% |
| Recurring financial charges | 65 | €7,539 | €11,486 | +€3,947 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,427 | -€4,866 | +€12,560 | +72.1% |
| Profit (loss) for the period | 9904 | -€17,427 | -€4,866 | +€12,560 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,427 | -€4,866 | +€12,560 | +72.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.