L&S Concept: 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&S Concept
Largest movements
- Cash +€34,195
up €34,195 (+87.9%), from €38,883 to €73,078
mainly Trade debts (+€25,778) and Net result for the year (+€12,097)
- Tangible fixed assets -€13,398
down €13,398 (-18.0%), from €74,279 to €60,881
of which Land and buildings: -€7,763
- Receivables within one year +€6,930
up €6,930 (+2,785%), from €249 to €7,178
of which Trade receivables: +€6,913
- Trade debts +€25,778
up €25,778 (+736%), from €3,505 to €29,283
- Reserves +€12,097
up €12,097 (+41.2%), from €29,341 to €41,438
of which Distributable reserves: +€12,097
- Other debts -€8,293
down €8,293 (-15.0%), from €55,228 to €46,935
- Advances received -€7,039
down €7,039 (-48.4%), from €14,539 to €7,500
- Tax, wage and social debts +€5,303
up €5,303 (+68.3%), from €7,768 to €13,072
of which Taxes: +€9,073
- Gross operating margin +€19,791
up €19,791 (+25.5%), from €77,575 to €97,366
- Staff costs +€18,008
up €18,008 (+72.7%), from €24,778 to €42,786
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 | €116,581 | €144,428 | +€27,846 | +23.9% |
| Fixed assets | 21/28 | €76,029 | €62,631 | -€13,398 | -17.6% |
| Tangible fixed assets | 22/27 | €74,279 | €60,881 | -€13,398 | -18.0% |
| Land and buildings | 22 | €41,899 | €34,136 | -€7,763 | -18.5% |
| Plant, machinery and equipment | 23 | €9,380 | €9,952 | +€572 | +6.1% |
| Furniture and vehicles | 24 | €16,025 | €10,632 | -€5,393 | -33.7% |
| Other tangible fixed assets | 26 | €6,974 | €6,161 | -€814 | -11.7% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €40,552 | €81,796 | +€41,244 | +102% |
| Amounts receivable within one year | 40/41 | €249 | €7,178 | +€6,930 | +2,785% |
| Trade receivables | 40 | €0 | €6,913 | +€6,913 | |
| Other amounts receivable | 41 | €249 | €265 | +€17 | +6.6% |
| Cash at bank and in hand | 54/58 | €38,883 | €73,078 | +€34,195 | +87.9% |
| Deferred charges and accrued income | 490/1 | €1,420 | €1,540 | +€120 | +8.4% |
| Total equity and liabilities | 10/49 | €116,581 | €144,428 | +€27,846 | +23.9% |
| Equity | 10/15 | €35,541 | €47,638 | +€12,097 | +34.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,341 | €41,438 | +€12,097 | +41.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €29,341 | €41,438 | +€12,097 | +41.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €81,040 | €96,789 | +€15,749 | +19.4% |
| Amounts payable within one year | 42/48 | €81,040 | €96,789 | +€15,749 | +19.4% |
| Trade debts | 44 | €3,505 | €29,283 | +€25,778 | +736% |
| Suppliers | 440/4 | €3,505 | €29,283 | +€25,778 | +736% |
| Advances received on contracts in progress | 46 | €14,539 | €7,500 | -€7,039 | -48.4% |
| Taxes, remuneration and social security | 45 | €7,768 | €13,072 | +€5,303 | +68.3% |
| Taxes | 450/3 | €2,575 | €11,648 | +€9,073 | +352% |
| Remuneration and social security | 454/9 | €5,193 | €1,424 | -€3,769 | -72.6% |
| Other amounts payable | 47/48 | €55,228 | €46,935 | -€8,293 | -15.0% |
| Remuneration, social security and pensions | 62 | €24,778 | €42,786 | +€18,008 | +72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,583 | €11,683 | -€900 | -7.2% |
| Other operating charges | 640/8 | €2,659 | €2,010 | -€648 | -24.4% |
| Non-recurring operating charges | 66A | - | €22,144 | +€22,144 | |
| Gross operating margin | 9900 | €77,575 | €97,366 | +€19,791 | +25.5% |
| Operating profit (loss) | 9901 | €37,555 | €18,743 | -€18,813 | -50.1% |
| Financial income | 75/76B | €170 | €112 | -€57 | -33.6% |
| Recurring financial income | 75 | €170 | €112 | -€57 | -33.6% |
| Financial charges | 65/66B | €1,214 | €1,415 | +€200 | +16.5% |
| Recurring financial charges | 65 | €1,214 | €1,415 | +€200 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €36,511 | €17,441 | -€19,070 | -52.2% |
| Income taxes | 67/77 | €4,734 | €5,344 | +€609 | +12.9% |
| Profit (loss) for the period | 9904 | €31,776 | €12,097 | -€19,679 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,776 | €12,097 | -€19,679 | -61.9% |
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 19 October 2026 via checked.be.