L2MG: 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.
L2MG
Largest movements
- Cash -€12,799
down €12,799 (-93.1%), from €13,751 to €952
mainly Net result for the year (-€15,222) and Other debts (-€2,232)
- Receivables within one year -€3,852
down €3,852 (-33.8%), from €11,395 to €7,543
of which Trade receivables: -€5,000
- Profit (loss) carried forward -€15,222
down €15,222 (-16.3%), from -€93,204 to -€108,426
- Other debts -€2,232
down €2,232 (-8.1%), from €27,704 to €25,472
- Trade debts +€413
up €413 (+62.0%), from €666 to €1,079
- Staff costs -€14,203
down €14,203 (-93.4%), from €15,208 to €1,005
- Other operating charges +€4,441
up €4,441 (+795.1%), from €559 to €5,000
- Gross operating margin +€2,430
up €2,430 (+22.6%), from -€10,738 to -€8,308
- Financial charges -€1,607
down €1,607 (-88.8%), from €1,809 to €202
- Taxes +€1,010
up €1,010, from -€517 to €493
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 | €26,769 | €9,905 | -€16,865 | -63.0% |
| Fixed assets | 21/28 | €1,623 | €1,409 | -€214 | -13.2% |
| Tangible fixed assets | 22/27 | €1,623 | €1,409 | -€214 | -13.2% |
| Furniture and vehicles | 24 | €1,623 | €1,409 | -€214 | -13.2% |
| Current assets | 29/58 | €25,146 | €8,496 | -€16,651 | -66.2% |
| Amounts receivable within one year | 40/41 | €11,395 | €7,543 | -€3,852 | -33.8% |
| Trade receivables | 40 | €11,000 | €6,000 | -€5,000 | -45.5% |
| Other amounts receivable | 41 | €395 | €1,543 | +€1,148 | +290.6% |
| Cash at bank and in hand | 54/58 | €13,751 | €952 | -€12,799 | -93.1% |
| Total equity and liabilities | 10/49 | €26,769 | €9,905 | -€16,865 | -63.0% |
| Equity | 10/15 | -€1,741 | -€16,963 | -€15,222 | -874.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €76,463 | €76,463 | = | 0.0% |
| Distributable reserves | 133 | €76,463 | €76,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,204 | -€108,426 | -€15,222 | -16.3% |
| Amounts payable | 17/49 | €28,510 | €26,867 | -€1,643 | -5.8% |
| Amounts payable within one year | 42/48 | €28,510 | €26,867 | -€1,643 | -5.8% |
| Trade debts | 44 | €666 | €1,079 | +€413 | +62.0% |
| Suppliers | 440/4 | €666 | €1,079 | +€413 | +62.0% |
| Taxes, remuneration and social security | 45 | €140 | €316 | +€176 | +126.2% |
| Taxes | 450/3 | €140 | €316 | +€176 | +126.2% |
| Other amounts payable | 47/48 | €27,704 | €25,472 | -€2,232 | -8.1% |
| Non-recurring operating income | 76A | €6,537 | - | -€6,537 | |
| Remuneration, social security and pensions | 62 | €15,208 | €1,005 | -€14,203 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214 | €214 | = | 0.0% |
| Other operating charges | 640/8 | €559 | €5,000 | +€4,441 | +795.1% |
| Gross operating margin | 9900 | -€10,738 | -€8,308 | +€2,430 | +22.6% |
| Operating profit (loss) | 9901 | -€26,719 | -€14,527 | +€12,192 | +45.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,809 | €202 | -€1,607 | -88.8% |
| Recurring financial charges | 65 | €1,809 | €202 | -€1,607 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,527 | -€14,729 | +€13,798 | +48.4% |
| Income taxes | 67/77 | -€517 | €493 | +€1,010 | |
| Profit (loss) for the period | 9904 | -€28,010 | -€15,222 | +€12,788 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,010 | -€15,222 | +€12,788 | +45.7% |
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.