L2P: 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.
L2P
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€86,650
down €86,650 (-93.2%), from €92,928 to €6,279
mainly Current investments (-€100,000) and Contributions, distributions and other (-€12,700)
- Other debts +€12,700
up €12,700 (+41.7%), from €30,450 to €43,150
- Financial income +€858
up €858 (+212%), from €404 to €1,262
- Other operating charges +€813
up €813 (+36.7%), from €2,215 to €3,029
- Gross operating margin +€775
up €775 (+3.8%), from €20,242 to €21,017
- Taxes +€289
up €289 (+5.2%), from €5,566 to €5,856
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 | €286,890 | €300,282 | +€13,392 | +4.7% |
| Fixed assets | 21/28 | €192,600 | €192,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €191,600 | €191,600 | = | 0.0% |
| Land and buildings | 22 | €191,600 | €191,600 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €94,290 | €107,682 | +€13,392 | +14.2% |
| Amounts receivable within one year | 40/41 | €1,361 | €1,361 | = | 0.0% |
| Trade receivables | 40 | €1,361 | €1,361 | = | 0.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €92,928 | €6,279 | -€86,650 | -93.2% |
| Deferred charges and accrued income | 490/1 | - | €42 | +€42 | |
| Total equity and liabilities | 10/49 | €286,890 | €300,282 | +€13,392 | +4.7% |
| Equity | 10/15 | €254,031 | €253,773 | -€258 | -0.1% |
| Contributions | 10/11 | €170,878 | €170,878 | = | 0.0% |
| Reserves | 13 | €83,153 | €82,894 | -€258 | -0.3% |
| Non-distributable reserves | 130/1 | €11,647 | €11,647 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,647 | €11,647 | = | 0.0% |
| Distributable reserves | 133 | €71,506 | €71,248 | -€258 | -0.4% |
| Amounts payable | 17/49 | €32,859 | €46,509 | +€13,651 | +41.5% |
| Amounts payable within one year | 42/48 | €31,945 | €44,682 | +€12,737 | +39.9% |
| Taxes, remuneration and social security | 45 | €1,495 | €1,532 | +€37 | +2.5% |
| Taxes | 450/3 | €1,495 | €1,532 | +€37 | +2.5% |
| Other amounts payable | 47/48 | €30,450 | €43,150 | +€12,700 | +41.7% |
| Accrued charges and deferred income | 492/3 | €914 | €1,827 | +€914 | +100% |
| Other operating charges | 640/8 | €2,215 | €3,029 | +€813 | +36.7% |
| Gross operating margin | 9900 | €20,242 | €21,017 | +€775 | +3.8% |
| Operating profit (loss) | 9901 | €18,027 | €17,988 | -€39 | -0.2% |
| Financial income | 75/76B | €404 | €1,262 | +€858 | +212% |
| Recurring financial income | 75 | €404 | €1,262 | +€858 | +212% |
| Financial charges | 65/66B | €948 | €953 | +€4 | +0.4% |
| Recurring financial charges | 65 | €948 | €953 | +€4 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €17,483 | €18,297 | +€815 | +4.7% |
| Income taxes | 67/77 | €5,566 | €5,856 | +€289 | +5.2% |
| Profit (loss) for the period | 9904 | €11,917 | €12,442 | +€525 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,917 | €12,442 | +€525 | +4.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.