L-SAVER: 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-SAVER
Largest movements
- Cash +€124,099
up €124,099 (+286.1%), from €43,379 to €167,478
mainly Net result for the year (+€102,946) and Receivables within one year (+€8,313)
- Receivables within one year -€8,313
down €8,313 (-57.1%), from €14,551 to €6,238
of which Other amounts receivable: -€13,044
- Tangible fixed assets -€6,415
down €6,415 (-59.3%), from €10,818 to €4,403
- Profit (loss) carried forward +€61,624
up €61,624, from -€51,624 to €10,000
- Reserves +€40,489
up €40,489 (+34.2%), from €118,540 to €159,030
- Other debts +€4,072
up €4,072 (+150.8%), from €2,700 to €6,772
- Tax, wage and social debts +€1,924
up €1,924 (+4167.3%), from €46 to €1,970
- Gross operating margin +€159,079
up €159,079, from -€33,560 to €125,519
- Taxes +€15,833
up €15,833 (+12369.9%), from €128 to €15,961
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 | €71,624 | €179,869 | +€108,244 | +151.1% |
| Fixed assets | 21/28 | €10,818 | €4,403 | -€6,415 | -59.3% |
| Tangible fixed assets | 22/27 | €10,818 | €4,403 | -€6,415 | -59.3% |
| Furniture and vehicles | 24 | €10,818 | €4,403 | -€6,415 | -59.3% |
| Current assets | 29/58 | €60,806 | €175,465 | +€114,659 | +188.6% |
| Amounts receivable within one year | 40/41 | €14,551 | €6,238 | -€8,313 | -57.1% |
| Trade receivables | 40 | €1,507 | €6,238 | +€4,731 | +313.9% |
| Other amounts receivable | 41 | €13,044 | - | -€13,044 | |
| Cash at bank and in hand | 54/58 | €43,379 | €167,478 | +€124,099 | +286.1% |
| Deferred charges and accrued income | 490/1 | €2,877 | €1,749 | -€1,127 | -39.2% |
| Total equity and liabilities | 10/49 | €71,624 | €179,869 | +€108,244 | +151.1% |
| Equity | 10/15 | €67,916 | €170,030 | +€102,113 | +150.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €118,540 | €159,030 | +€40,489 | +34.2% |
| Distributable reserves | 133 | €118,540 | €159,030 | +€40,489 | +34.2% |
| Profit (loss) carried forward | 14 | -€51,624 | €10,000 | +€61,624 | |
| Amounts payable | 17/49 | €3,708 | €9,839 | +€6,131 | +165.4% |
| Amounts payable within one year | 42/48 | €3,708 | €9,839 | +€6,131 | +165.4% |
| Trade debts | 44 | €962 | €1,097 | +€136 | +14.1% |
| Suppliers | 440/4 | €962 | €1,097 | +€136 | +14.1% |
| Taxes, remuneration and social security | 45 | €46 | €1,970 | +€1,924 | +4167.3% |
| Taxes | 450/3 | €46 | €1,970 | +€1,924 | +4167.3% |
| Other amounts payable | 47/48 | €2,700 | €6,772 | +€4,072 | +150.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,012 | €6,415 | -€597 | -8.5% |
| Other operating charges | 640/8 | €581 | €544 | -€38 | -6.5% |
| Gross operating margin | 9900 | -€33,560 | €125,519 | +€159,079 | |
| Operating profit (loss) | 9901 | -€41,153 | €118,560 | +€159,714 | |
| Financial income | 75/76B | €572 | €470 | -€102 | -17.8% |
| Recurring financial income | 75 | €572 | €470 | -€102 | -17.8% |
| Financial charges | 65/66B | €491 | €123 | -€368 | -75.0% |
| Recurring financial charges | 65 | €491 | €123 | -€368 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,072 | €118,908 | +€159,979 | |
| Income taxes | 67/77 | €128 | €15,961 | +€15,833 | +12369.9% |
| Profit (loss) for the period | 9904 | -€41,200 | €102,946 | +€144,146 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,200 | €102,946 | +€144,146 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.