L&S TRANS: 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 TRANS
Largest movements
- Tangible fixed assets -€20,875
down €20,875 (-37.8%), from €55,204 to €34,329
- Deferred charges and accrued income +€3,677
up €3,677 (+109%), from €3,380 to €7,057
- Receivables within one year +€2,172
up €2,172 (+9.7%), from €22,281 to €24,453
of which Other amounts receivable: +€2,372
- Current portion of long-term debt -€18,773
no longer reported in 2025 (was €18,773)
- Trade debts +€10,501
up €10,501 (+23.2%), from €45,308 to €55,809
- Other debts +€7,388
up €7,388 (+29.7%), from €24,899 to €32,287
- Profit (loss) carried forward -€6,354
down €6,354 (-70.3%), from €9,035 to €2,681
- Tax, wage and social debts -€5,052
down €5,052 (-66.9%), from €7,552 to €2,500
of which Taxes: -€4,586
- Depreciation +€8,021
up €8,021 (+62.4%), from €12,854 to €20,875
- Other operating charges -€4,123
down €4,123 (-14.6%), from €28,320 to €24,197
- Gross operating margin +€1,661
up €1,661 (+3.8%), from €43,971 to €45,633
- Staff costs -€1,237
down €1,237 (-18.8%), from €6,590 to €5,353
- Financial charges -€543
down €543 (-27.1%), from €2,005 to €1,461
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 | €107,319 | €93,277 | -€14,043 | -13.1% |
| Fixed assets | 21/28 | €66,454 | €45,579 | -€20,875 | -31.4% |
| Tangible fixed assets | 22/27 | €55,204 | €34,329 | -€20,875 | -37.8% |
| Furniture and vehicles | 24 | €55,204 | €34,329 | -€20,875 | -37.8% |
| Financial fixed assets | 28 | €11,250 | €11,250 | = | 0.0% |
| Current assets | 29/58 | €40,865 | €47,698 | +€6,832 | +16.7% |
| Amounts receivable within one year | 40/41 | €22,281 | €24,453 | +€2,172 | +9.7% |
| Trade receivables | 40 | €15,851 | €15,651 | -€200 | -1.3% |
| Other amounts receivable | 41 | €6,430 | €8,802 | +€2,372 | +36.9% |
| Cash at bank and in hand | 54/58 | €15,204 | €16,188 | +€984 | +6.5% |
| Deferred charges and accrued income | 490/1 | €3,380 | €7,057 | +€3,677 | +109% |
| Total equity and liabilities | 10/49 | €107,319 | €93,277 | -€14,043 | -13.1% |
| Equity | 10/15 | €9,035 | €2,681 | -€6,354 | -70.3% |
| Profit (loss) carried forward | 14 | €9,035 | €2,681 | -€6,354 | -70.3% |
| Amounts payable | 17/49 | €98,284 | €90,596 | -€7,688 | -7.8% |
| Amounts payable after more than one year | 17 | €1,753 | - | -€1,753 | |
| Financial debts | 170/4 | €1,753 | - | -€1,753 | |
| Amounts payable within one year | 42/48 | €96,532 | €90,596 | -€5,936 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €18,773 | - | -€18,773 | |
| Trade debts | 44 | €45,308 | €55,809 | +€10,501 | +23.2% |
| Suppliers | 440/4 | €45,308 | €55,809 | +€10,501 | +23.2% |
| Taxes, remuneration and social security | 45 | €7,552 | €2,500 | -€5,052 | -66.9% |
| Taxes | 450/3 | €4,586 | - | -€4,586 | |
| Remuneration and social security | 454/9 | €2,966 | €2,500 | -€466 | -15.7% |
| Other amounts payable | 47/48 | €24,899 | €32,287 | +€7,388 | +29.7% |
| Remuneration, social security and pensions | 62 | €6,590 | €5,353 | -€1,237 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,854 | €20,875 | +€8,021 | +62.4% |
| Other operating charges | 640/8 | €28,320 | €24,197 | -€4,123 | -14.6% |
| Gross operating margin | 9900 | €43,971 | €45,633 | +€1,661 | +3.8% |
| Operating profit (loss) | 9901 | -€3,793 | -€4,793 | -€1,000 | -26.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,005 | €1,461 | -€543 | -27.1% |
| Recurring financial charges | 65 | €2,005 | €1,461 | -€543 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,798 | -€6,252 | -€454 | -7.8% |
| Income taxes | 67/77 | - | €102 | +€102 | |
| Profit (loss) for the period | 9904 | -€5,798 | -€6,354 | -€557 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,798 | -€6,354 | -€557 | -9.6% |
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 14 October 2026 via checked.be.