L Van Looy: 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 Van Looy
Largest movements
- Current investments -€100,000
down €100,000 (-80.4%), from €124,390 to €24,390
- Receivables within one year +€40,922
up €40,922 (+231%), from €17,740 to €58,662
of which Trade receivables: +€40,922
- Deferred charges and accrued income +€10,085
new in 2025: €10,085
- Tangible fixed assets +€2,853
up €2,853 (+1,440%), from €198 to €3,051
of which Other tangible fixed assets: +€3,051
- Profit (loss) carried forward -€101,961
down €101,961 (-50.8%), from €200,625 to €98,664
- Other debts +€60,171
up €60,171 (+879%), from €6,843 to €67,014
- Gross operating margin -€12,387
down €12,387 (-14.0%), from €88,488 to €76,101
- Other operating charges -€2,091
down €2,091 (-97.0%), from €2,157 to €66
- Financial income -€1,876
down €1,876 (-47.9%), from €3,916 to €2,041
- Taxes +€1,306
up €1,306 (+7.0%), from €18,732 to €20,038
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 | €233,812 | €189,865 | -€43,947 | -18.8% |
| Fixed assets | 21/28 | €198 | €3,051 | +€2,853 | +1,440% |
| Tangible fixed assets | 22/27 | €198 | €3,051 | +€2,853 | +1,440% |
| Furniture and vehicles | 24 | €198 | - | -€198 | |
| Other tangible fixed assets | 26 | - | €3,051 | +€3,051 | |
| Current assets | 29/58 | €233,614 | €186,814 | -€46,800 | -20.0% |
| Amounts receivable within one year | 40/41 | €17,740 | €58,662 | +€40,922 | +231% |
| Trade receivables | 40 | €11,519 | €52,441 | +€40,922 | +355% |
| Other amounts receivable | 41 | €6,221 | €6,221 | = | 0.0% |
| Current investments | 50/53 | €124,390 | €24,390 | -€100,000 | -80.4% |
| Cash at bank and in hand | 54/58 | €91,484 | €93,677 | +€2,193 | +2.4% |
| Deferred charges and accrued income | 490/1 | - | €10,085 | +€10,085 | |
| Total equity and liabilities | 10/49 | €233,812 | €189,865 | -€43,947 | -18.8% |
| Equity | 10/15 | €200,626 | €98,665 | -€101,961 | -50.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,625 | €98,664 | -€101,961 | -50.8% |
| Amounts payable | 17/49 | €33,186 | €91,200 | +€58,014 | +175% |
| Amounts payable within one year | 42/48 | €33,186 | €91,200 | +€58,014 | +175% |
| Trade debts | 44 | €2,268 | €900 | -€1,368 | -60.3% |
| Suppliers | 440/4 | €2,268 | €900 | -€1,368 | -60.3% |
| Taxes, remuneration and social security | 45 | €24,075 | €23,286 | -€789 | -3.3% |
| Taxes | 450/3 | €24,075 | €23,286 | -€789 | -3.3% |
| Other amounts payable | 47/48 | €6,843 | €67,014 | +€60,171 | +879% |
| Non-recurring operating income | 76A | - | €862 | +€862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €252 | +€2 | +0.7% |
| Other operating charges | 640/8 | €2,157 | €66 | -€2,091 | -97.0% |
| Gross operating margin | 9900 | €88,488 | €76,101 | -€12,387 | -14.0% |
| Operating profit (loss) | 9901 | €86,081 | €75,783 | -€10,298 | -12.0% |
| Financial income | 75/76B | €3,916 | €2,041 | -€1,876 | -47.9% |
| Recurring financial income | 75 | €3,916 | €2,041 | -€1,876 | -47.9% |
| Financial charges | 65/66B | €98 | €512 | +€414 | +422% |
| Recurring financial charges | 65 | €98 | €512 | +€414 | +422% |
| Profit (loss) for the period before taxes | 9903 | €89,899 | €77,312 | -€12,587 | -14.0% |
| Income taxes | 67/77 | €18,732 | €20,038 | +€1,306 | +7.0% |
| Profit (loss) for the period | 9904 | €71,167 | €57,274 | -€13,893 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,167 | €57,274 | -€13,893 | -19.5% |
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 21 October 2026 via checked.be.