L2B: 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.
L2B
Largest movements
- Cash -€3,106
down €3,106 (-5.7%), from €54,184 to €51,078
mainly Tax, wage and social debts (-€11,267) and Receivables within one year (-€2,122)
- Receivables within one year +€2,122
up €2,122 (+69.1%), from €3,070 to €5,193
- Tangible fixed assets +€644
up €644 (+47.0%), from €1,369 to €2,013
- Tax, wage and social debts -€11,267
down €11,267 (-64.0%), from €17,605 to €6,338
- Reserves +€10,949
up €10,949 (+32.2%), from €34,043 to €44,991
- Gross operating margin -€31,056
down €31,056 (-65.8%), from €47,230 to €16,173
- Taxes -€8,562
down €8,562 (-65.6%), from €13,055 to €4,492
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 | €58,624 | €58,284 | -€340 | -0.6% |
| Fixed assets | 21/28 | €1,369 | €2,013 | +€644 | +47.0% |
| Tangible fixed assets | 22/27 | €1,369 | €2,013 | +€644 | +47.0% |
| Plant, machinery and equipment | 23 | €1,369 | €2,013 | +€644 | +47.0% |
| Current assets | 29/58 | €57,255 | €56,271 | -€984 | -1.7% |
| Amounts receivable within one year | 40/41 | €3,070 | €5,193 | +€2,122 | +69.1% |
| Trade receivables | 40 | €3,070 | €5,193 | +€2,122 | +69.1% |
| Cash at bank and in hand | 54/58 | €54,184 | €51,078 | -€3,106 | -5.7% |
| Total equity and liabilities | 10/49 | €58,624 | €58,284 | -€340 | -0.6% |
| Equity | 10/15 | €39,043 | €49,991 | +€10,949 | +28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,043 | €44,991 | +€10,949 | +32.2% |
| Distributable reserves | 133 | €34,043 | €44,991 | +€10,949 | +32.2% |
| Amounts payable | 17/49 | €19,581 | €8,292 | -€11,289 | -57.7% |
| Amounts payable within one year | 42/48 | €19,479 | €8,190 | -€11,289 | -58.0% |
| Trade debts | 44 | €1,874 | €1,852 | -€22 | -1.2% |
| Suppliers | 440/4 | €1,874 | €1,852 | -€22 | -1.2% |
| Taxes, remuneration and social security | 45 | €17,605 | €6,338 | -€11,267 | -64.0% |
| Taxes | 450/3 | €17,605 | €6,338 | -€11,267 | -64.0% |
| Accrued charges and deferred income | 492/3 | €102 | €102 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124 | €569 | +€444 | +356.9% |
| Gross operating margin | 9900 | €47,230 | €16,173 | -€31,056 | -65.8% |
| Operating profit (loss) | 9901 | €47,105 | €15,605 | -€31,500 | -66.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8 | €164 | +€155 | +1862.7% |
| Recurring financial charges | 65 | €8 | €164 | +€155 | +1862.7% |
| Profit (loss) for the period before taxes | 9903 | €47,097 | €15,441 | -€31,656 | -67.2% |
| Income taxes | 67/77 | €13,055 | €4,492 | -€8,562 | -65.6% |
| Profit (loss) for the period | 9904 | €34,043 | €10,949 | -€23,094 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,043 | €10,949 | -€23,094 | -67.8% |
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.