L2S: 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.
L2S
Largest movements
- Cash +€149,441
up €149,441 (+223%), from €66,944 to €216,385
mainly Net result for the year (+€118,233) and Tax, wage and social debts (+€35,998)
- Tangible fixed assets +€3,255
new in 2025: €3,255
- Reserves +€118,233
up €118,233 (+208%), from €56,810 to €175,044
- Tax, wage and social debts +€35,998
up €35,998 (+155%), from €23,295 to €59,293
- Gross operating margin +€83,367
up €83,367 (+114%), from €73,365 to €156,732
- Taxes +€20,503
up €20,503 (+142%), from €14,485 to €34,988
- Financial charges +€1,671
up €1,671 (+164%), from €1,021 to €2,692
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 | €86,737 | €240,590 | +€153,853 | +177% |
| Fixed assets | 21/28 | - | €3,255 | +€3,255 | |
| Tangible fixed assets | 22/27 | - | €3,255 | +€3,255 | |
| Furniture and vehicles | 24 | - | €3,255 | +€3,255 | |
| Current assets | 29/58 | €86,737 | €237,335 | +€150,598 | +174% |
| Amounts receivable within one year | 40/41 | €18,827 | €19,947 | +€1,119 | +5.9% |
| Trade receivables | 40 | €17,860 | €19,133 | +€1,273 | +7.1% |
| Other amounts receivable | 41 | €967 | €814 | -€153 | -15.9% |
| Cash at bank and in hand | 54/58 | €66,944 | €216,385 | +€149,441 | +223% |
| Deferred charges and accrued income | 490/1 | €966 | €1,003 | +€37 | +3.8% |
| Total equity and liabilities | 10/49 | €86,737 | €240,590 | +€153,853 | +177% |
| Equity | 10/15 | €59,310 | €177,544 | +€118,233 | +199% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €56,810 | €175,044 | +€118,233 | +208% |
| Distributable reserves | 133 | €56,810 | €175,044 | +€118,233 | +208% |
| Amounts payable | 17/49 | €27,427 | €63,047 | +€35,620 | +130% |
| Amounts payable within one year | 42/48 | €27,427 | €63,047 | +€35,620 | +130% |
| Trade debts | 44 | €4,132 | €3,754 | -€378 | -9.2% |
| Suppliers | 440/4 | €4,132 | €3,754 | -€378 | -9.2% |
| Taxes, remuneration and social security | 45 | €23,295 | €59,293 | +€35,998 | +155% |
| Taxes | 450/3 | €23,295 | €59,293 | +€35,998 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,052 | €808 | -€244 | -23.2% |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €73,365 | €156,732 | +€83,367 | +114% |
| Operating profit (loss) | 9901 | €72,313 | €155,866 | +€83,553 | +116% |
| Financial income | 75/76B | €3 | €47 | +€45 | +1,772% |
| Recurring financial income | 75 | €3 | €47 | +€45 | +1,772% |
| Financial charges | 65/66B | €1,021 | €2,692 | +€1,671 | +164% |
| Recurring financial charges | 65 | €1,021 | €2,692 | +€1,671 | +164% |
| Profit (loss) for the period before taxes | 9903 | €71,295 | €153,221 | +€81,926 | +115% |
| Income taxes | 67/77 | €14,485 | €34,988 | +€20,503 | +142% |
| Profit (loss) for the period | 9904 | €56,810 | €118,233 | +€61,423 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €56,810 | €118,233 | +€61,423 | +108% |
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 15 October 2026 via checked.be.