L1: 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.
L1
Largest movements
- Current investments -€40,000
down €40,000 (-100%), from €40,000 to €0
- Cash +€29,169
up €29,169 (+762%), from €3,829 to €32,998
mainly Current investments (+€40,000) and Net result for the year (+€32,303)
- Deferred charges and accrued income +€4,447
new in 2025: €4,447
- Tangible fixed assets -€1,233
down €1,233 (-67.7%), from €1,821 to €588
- Profit (loss) carried forward -€18,637
down €18,637 (-100%), from €18,637 to €0
- Other debts +€16,096
up €16,096 (+48.5%), from €33,171 to €49,268
- Tax, wage and social debts -€4,910
down €4,910 (-55.4%), from €8,861 to €3,951
- Gross operating margin +€9,445
up €9,445 (+27.7%), from €34,143 to €43,588
- Depreciation -€5,824
down €5,824 (-82.5%), from €7,057 to €1,233
- Taxes +€2,239
up €2,239 (+31.0%), from €7,222 to €9,461
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 | €66,086 | €58,668 | -€7,418 | -11.2% |
| Fixed assets | 21/28 | €1,861 | €628 | -€1,233 | -66.3% |
| Tangible fixed assets | 22/27 | €1,821 | €588 | -€1,233 | -67.7% |
| Furniture and vehicles | 24 | €1,821 | €588 | -€1,233 | -67.7% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €64,226 | €58,040 | -€6,185 | -9.6% |
| Amounts receivable within one year | 40/41 | €20,397 | €20,595 | +€198 | +1.0% |
| Trade receivables | 40 | - | €20,595 | +€20,595 | |
| Other amounts receivable | 41 | €20,397 | €0 | -€20,397 | -100% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100% |
| Cash at bank and in hand | 54/58 | €3,829 | €32,998 | +€29,169 | +762% |
| Deferred charges and accrued income | 490/1 | - | €4,447 | +€4,447 | |
| Total equity and liabilities | 10/49 | €66,086 | €58,668 | -€7,418 | -11.2% |
| Equity | 10/15 | €22,387 | €3,750 | -€18,637 | -83.2% |
| Contributions | 10/11 | €3,750 | €3,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,637 | €0 | -€18,637 | -100% |
| Amounts payable | 17/49 | €43,699 | €54,918 | +€11,219 | +25.7% |
| Amounts payable within one year | 42/48 | €43,699 | €54,918 | +€11,219 | +25.7% |
| Trade debts | 44 | €1,667 | €1,699 | +€32 | +1.9% |
| Suppliers | 440/4 | €1,667 | €1,699 | +€32 | +1.9% |
| Taxes, remuneration and social security | 45 | €8,861 | €3,951 | -€4,910 | -55.4% |
| Taxes | 450/3 | €8,861 | €3,951 | -€4,910 | -55.4% |
| Other amounts payable | 47/48 | €33,171 | €49,268 | +€16,096 | +48.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,057 | €1,233 | -€5,824 | -82.5% |
| Other operating charges | 640/8 | €1,264 | €946 | -€318 | -25.1% |
| Gross operating margin | 9900 | €34,143 | €43,588 | +€9,445 | +27.7% |
| Operating profit (loss) | 9901 | €25,822 | €41,409 | +€15,587 | +60.4% |
| Financial income | 75/76B | €252 | €514 | +€262 | +104% |
| Recurring financial income | 75 | €252 | €514 | +€262 | +104% |
| Financial charges | 65/66B | €215 | €159 | -€56 | -26.2% |
| Recurring financial charges | 65 | €215 | €159 | -€56 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €25,859 | €41,764 | +€15,905 | +61.5% |
| Income taxes | 67/77 | €7,222 | €9,461 | +€2,239 | +31.0% |
| Profit (loss) for the period | 9904 | €18,637 | €32,303 | +€13,666 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,637 | €32,303 | +€13,666 | +73.3% |
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 22 October 2026 via checked.be.