L2Dev: 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.
L2Dev
Largest movements
- Receivables within one year +€380,606
up €380,606 (+187%), from €203,244 to €583,850
of which Trade receivables: +€376,628
- Deferred charges and accrued income -€47,644
down €47,644 (-49.7%), from €95,955 to €48,311
- Tangible fixed assets -€10,606
down €10,606 (-2.7%), from €389,962 to €379,357
- Trade debts +€348,491
up €348,491 (+173%), from €200,882 to €549,372
- Tax, wage and social debts +€182,394
up €182,394 (+49.5%), from €368,516 to €550,911
of which Remuneration and social security: +€174,246
- Advances received -€117,467
no longer reported in 2025 (was €117,467)
- Profit (loss) carried forward -€81,154
down €81,154 (-18.4%), from -€441,811 to -€522,965
- Debts after one year -€19,813
down €19,813 (-5.1%), from €391,493 to €371,680
of which Financial debts: -€19,813
- Gross operating margin +€476,335
up €476,335 (+137%), from €347,336 to €823,671
- Staff costs +€408,120
up €408,120 (+94.3%), from €432,670 to €840,790
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 | €697,994 | €1,013,867 | +€315,873 | +45.3% |
| Fixed assets | 21/28 | €389,962 | €380,857 | -€9,106 | -2.3% |
| Tangible fixed assets | 22/27 | €389,962 | €379,357 | -€10,606 | -2.7% |
| Land and buildings | 22 | €389,962 | €379,357 | -€10,606 | -2.7% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €308,032 | €633,011 | +€324,979 | +106% |
| Amounts receivable within one year | 40/41 | €203,244 | €583,850 | +€380,606 | +187% |
| Trade receivables | 40 | €203,244 | €579,872 | +€376,628 | +185% |
| Other amounts receivable | 41 | - | €3,978 | +€3,978 | |
| Cash at bank and in hand | 54/58 | €8,833 | €851 | -€7,983 | -90.4% |
| Deferred charges and accrued income | 490/1 | €95,955 | €48,311 | -€47,644 | -49.7% |
| Total equity and liabilities | 10/49 | €697,994 | €1,013,867 | +€315,873 | +45.3% |
| Equity | 10/15 | -€438,811 | -€519,965 | -€81,154 | -18.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€441,811 | -€522,965 | -€81,154 | -18.4% |
| Amounts payable | 17/49 | €1,136,805 | €1,533,832 | +€397,027 | +34.9% |
| Amounts payable after more than one year | 17 | €391,493 | €371,680 | -€19,813 | -5.1% |
| Financial debts | 170/4 | €359,411 | €339,598 | -€19,813 | -5.5% |
| Other amounts payable | 178/9 | €32,082 | €32,082 | = | 0.0% |
| Amounts payable within one year | 42/48 | €744,482 | €1,155,631 | +€411,149 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | €19,282 | €19,813 | +€531 | +2.8% |
| Trade debts | 44 | €200,882 | €549,372 | +€348,491 | +173% |
| Suppliers | 440/4 | €200,882 | €549,372 | +€348,491 | +173% |
| Advances received on contracts in progress | 46 | €117,467 | - | -€117,467 | |
| Taxes, remuneration and social security | 45 | €368,516 | €550,911 | +€182,394 | +49.5% |
| Taxes | 450/3 | €182,597 | €190,744 | +€8,148 | +4.5% |
| Remuneration and social security | 454/9 | €185,920 | €360,166 | +€174,246 | +93.7% |
| Other amounts payable | 47/48 | €38,335 | €35,535 | -€2,800 | -7.3% |
| Accrued charges and deferred income | 492/3 | €830 | €6,521 | +€5,691 | +686% |
| Remuneration, social security and pensions | 62 | €432,670 | €840,790 | +€408,120 | +94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,606 | €10,606 | = | 0.0% |
| Other operating charges | 640/8 | €31,320 | €33,229 | +€1,909 | +6.1% |
| Gross operating margin | 9900 | €347,336 | €823,671 | +€476,335 | +137% |
| Operating profit (loss) | 9901 | -€127,260 | -€60,953 | +€66,306 | +52.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +80.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +80.0% |
| Financial charges | 65/66B | €20,318 | €19,631 | -€687 | -3.4% |
| Recurring financial charges | 65 | €20,318 | €19,631 | -€687 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€147,577 | -€80,584 | +€66,993 | +45.4% |
| Income taxes | 67/77 | €1,281 | €570 | -€711 | -55.5% |
| Profit (loss) for the period | 9904 | -€148,858 | -€81,154 | +€67,704 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€148,858 | -€81,154 | +€67,704 | +45.5% |
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 25 October 2026 via checked.be.