L2-label: 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.
L2-label
Largest movements
- Cash -€37,032
down €37,032 (-22.1%), from €167,443 to €130,411
mainly Contributions, distributions and other (-€174,231) and Tax, wage and social debts (-€2,113)
- Tangible fixed assets -€6,048
down €6,048 (-52.8%), from €11,465 to €5,417
of which Furniture and vehicles: -€5,425
- Profit (loss) carried forward -€82,723
no longer reported in 2025 (was €82,723)
- Other debts +€40,782
up €40,782 (+65.0%), from €62,770 to €103,552
- Tax, wage and social debts -€2,113
down €2,113 (-17.1%), from €12,336 to €10,223
of which Taxes: -€2,113
- Gross operating margin +€33,030
up €33,030 (+35.0%), from €94,421 to €127,451
- Taxes +€7,554
up €7,554 (+42.6%), from €17,714 to €25,268
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 | €179,562 | €135,828 | -€43,734 | -24.4% |
| Fixed assets | 21/28 | €11,465 | €5,417 | -€6,048 | -52.8% |
| Tangible fixed assets | 22/27 | €11,465 | €5,417 | -€6,048 | -52.8% |
| Plant, machinery and equipment | 23 | €1,710 | €1,087 | -€623 | -36.4% |
| Furniture and vehicles | 24 | €9,754 | €4,330 | -€5,425 | -55.6% |
| Current assets | 29/58 | €168,097 | €130,411 | -€37,686 | -22.4% |
| Amounts receivable within one year | 40/41 | €655 | - | -€655 | |
| Other amounts receivable | 41 | €655 | - | -€655 | |
| Cash at bank and in hand | 54/58 | €167,443 | €130,411 | -€37,032 | -22.1% |
| Total equity and liabilities | 10/49 | €179,562 | €135,828 | -€43,734 | -24.4% |
| Equity | 10/15 | €103,183 | €20,460 | -€82,723 | -80.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,723 | - | -€82,723 | |
| Amounts payable | 17/49 | €76,379 | €115,368 | +€38,989 | +51.0% |
| Amounts payable within one year | 42/48 | €76,379 | €115,368 | +€38,989 | +51.0% |
| Financial debts | 43 | - | €66 | +€66 | |
| Credit institutions | 430/8 | - | €66 | +€66 | |
| Trade debts | 44 | €1,273 | €1,528 | +€255 | +20.0% |
| Suppliers | 440/4 | €1,273 | €1,528 | +€255 | +20.0% |
| Taxes, remuneration and social security | 45 | €12,336 | €10,223 | -€2,113 | -17.1% |
| Taxes | 450/3 | €9,936 | €7,823 | -€2,113 | -21.3% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €62,770 | €103,552 | +€40,782 | +65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,917 | €6,048 | +€131 | +2.2% |
| Other operating charges | 640/8 | €1,788 | €1,600 | -€188 | -10.5% |
| Gross operating margin | 9900 | €94,421 | €127,451 | +€33,030 | +35.0% |
| Operating profit (loss) | 9901 | €86,716 | €119,803 | +€33,087 | +38.2% |
| Financial income | 75/76B | €654 | €722 | +€68 | +10.4% |
| Recurring financial income | 75 | €654 | €722 | +€68 | +10.4% |
| Financial charges | 65/66B | €3,183 | €3,749 | +€565 | +17.8% |
| Recurring financial charges | 65 | €3,183 | €3,749 | +€565 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €84,187 | €116,777 | +€32,590 | +38.7% |
| Income taxes | 67/77 | €17,714 | €25,268 | +€7,554 | +42.6% |
| Profit (loss) for the period | 9904 | €66,473 | €91,508 | +€25,036 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,473 | €91,508 | +€25,036 | +37.7% |
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 5 October 2026 via checked.be.