L@TDZ: 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@TDZ
Largest movements
- Cash +€48,271
up €48,271 (+614%), from €7,861 to €56,132
mainly Debts after one year (+€17,233) and Investment in fixed assets (net) (+€13,798)
- Tangible fixed assets -€23,251
down €23,251 (-41.6%), from €55,829 to €32,578
of which Furniture and vehicles: -€23,437
- Deferred charges and accrued income -€2,100
no longer reported in 2025 (was €2,100)
- Receivables within one year +€1,724
up €1,724 (+9.9%), from €17,485 to €19,209
of which Other amounts receivable: +€2,311
- Debts after one year +€17,233
new in 2025: €17,233
- Profit (loss) carried forward +€5,400
up €5,400 (+10.0%), from €53,888 to €59,288
- Current portion of long-term debt +€1,424
up €1,424 (+41.4%), from €3,443 to €4,867
- Turnover +€63,367
up €63,367 (+27.8%), from €227,729 to €291,096
- Purchases and services +€53,905
up €53,905 (+24.7%), from €218,306 to €272,211
- Gross operating margin +€9,462
up €9,462 (+100%), from €9,424 to €18,886
- Depreciation -€6,373
down €6,373 (-40.3%), from €15,826 to €9,453
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 | €87,490 | €112,255 | +€24,766 | +28.3% |
| Fixed assets | 21/28 | €56,719 | €33,468 | -€23,251 | -41.0% |
| Tangible fixed assets | 22/27 | €55,829 | €32,578 | -€23,251 | -41.6% |
| Furniture and vehicles | 24 | €49,020 | €25,583 | -€23,437 | -47.8% |
| Other tangible fixed assets | 26 | €6,809 | €6,995 | +€186 | +2.7% |
| Financial fixed assets | 28 | €890 | €890 | = | 0.0% |
| Current assets | 29/58 | €30,771 | €78,788 | +€48,017 | +156% |
| Stocks and contracts in progress | 3 | €3,325 | €3,447 | +€122 | +3.7% |
| Stocks | 30/36 | €3,325 | €3,447 | +€122 | +3.7% |
| Amounts receivable within one year | 40/41 | €17,485 | €19,209 | +€1,724 | +9.9% |
| Trade receivables | 40 | €5,062 | €4,476 | -€587 | -11.6% |
| Other amounts receivable | 41 | €12,422 | €14,733 | +€2,311 | +18.6% |
| Cash at bank and in hand | 54/58 | €7,861 | €56,132 | +€48,271 | +614% |
| Deferred charges and accrued income | 490/1 | €2,100 | - | -€2,100 | |
| Total equity and liabilities | 10/49 | €87,490 | €112,255 | +€24,766 | +28.3% |
| Equity | 10/15 | €78,348 | €83,748 | +€5,400 | +6.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,888 | €59,288 | +€5,400 | +10.0% |
| Amounts payable | 17/49 | €9,141 | €28,507 | +€19,366 | +212% |
| Amounts payable after more than one year | 17 | - | €17,233 | +€17,233 | |
| Financial debts | 170/4 | - | €17,233 | +€17,233 | |
| Amounts payable within one year | 42/48 | €9,141 | €11,275 | +€2,133 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €3,443 | €4,867 | +€1,424 | +41.4% |
| Trade debts | 44 | €4,836 | €4,689 | -€147 | -3.0% |
| Suppliers | 440/4 | €4,836 | €4,689 | -€147 | -3.0% |
| Taxes, remuneration and social security | 45 | €863 | €1,114 | +€251 | +29.1% |
| Taxes | 450/3 | €863 | €1,114 | +€251 | +29.1% |
| Other amounts payable | 47/48 | - | €605 | +€605 | |
| Turnover | 70 | €227,729 | €291,096 | +€63,367 | +27.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €218,306 | €272,211 | +€53,905 | +24.7% |
| Remuneration, social security and pensions | 62 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,826 | €9,453 | -€6,373 | -40.3% |
| Other operating charges | 640/8 | €1,311 | €1,242 | -€69 | -5.3% |
| Non-recurring operating charges | 66A | - | €1,241 | +€1,241 | |
| Gross operating margin | 9900 | €9,424 | €18,886 | +€9,462 | +100% |
| Operating profit (loss) | 9901 | -€7,714 | €6,930 | +€14,644 | |
| Financial income | 75/76B | €727 | €778 | +€51 | +7.0% |
| Recurring financial income | 75 | €727 | €778 | +€51 | +7.0% |
| Financial charges | 65/66B | €1,383 | €2,308 | +€926 | +67.0% |
| Recurring financial charges | 65 | €1,383 | €2,308 | +€926 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,370 | €5,400 | +€13,769 | |
| Income taxes | 67/77 | €344 | - | -€344 | |
| Profit (loss) for the period | 9904 | -€8,714 | €5,400 | +€14,114 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,714 | €5,400 | +€14,114 |
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 18 October 2026 via checked.be.