L42: 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.
L42
Largest movements
- Cash +€27,509
up €27,509 (+24.0%), from €114,778 to €142,287
mainly Other debts (+€139,410) and Net result for the year (+€132,560)
- Current investments +€24,000
up €24,000 (+40.0%), from €60,000 to €84,000
- Receivables within one year +€9,563
up €9,563 (+806%), from €1,186 to €10,749
of which Other amounts receivable: +€8,106
- Other debts +€139,410
new in 2025: €139,410
- Profit (loss) carried forward -€77,440
down €77,440 (-58.6%), from €132,138 to €54,698
- Tax, wage and social debts -€2,790
down €2,790 (-6.6%), from €42,051 to €39,261
- Gross operating margin +€57,004
up €57,004 (+48.1%), from €118,422 to €175,426
- Taxes +€13,234
up €13,234 (+49.6%), from €26,689 to €39,923
- Financial income -€6,982
down €6,982 (-74.5%), from €9,377 to €2,395
- Other operating charges +€1,956
up €1,956 (+129%), from €1,520 to €3,476
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 | €178,277 | €238,615 | +€60,338 | +33.8% |
| Current assets | 29/58 | €178,277 | €238,615 | +€60,338 | +33.8% |
| Amounts receivable within one year | 40/41 | €1,186 | €10,749 | +€9,563 | +806% |
| Trade receivables | 40 | €490 | €1,948 | +€1,458 | +298% |
| Other amounts receivable | 41 | €696 | €8,802 | +€8,106 | +1,165% |
| Current investments | 50/53 | €60,000 | €84,000 | +€24,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €114,778 | €142,287 | +€27,509 | +24.0% |
| Deferred charges and accrued income | 490/1 | €2,313 | €1,579 | -€734 | -31.7% |
| Total equity and liabilities | 10/49 | €178,277 | €238,615 | +€60,338 | +33.8% |
| Equity | 10/15 | €135,138 | €57,698 | -€77,440 | -57.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,138 | €54,698 | -€77,440 | -58.6% |
| Amounts payable | 17/49 | €43,139 | €180,917 | +€137,778 | +319% |
| Amounts payable within one year | 42/48 | €42,195 | €180,917 | +€138,722 | +329% |
| Trade debts | 44 | €144 | €2,246 | +€2,102 | +1,460% |
| Suppliers | 440/4 | €144 | €2,246 | +€2,102 | +1,460% |
| Taxes, remuneration and social security | 45 | €42,051 | €39,261 | -€2,790 | -6.6% |
| Taxes | 450/3 | €42,051 | €39,261 | -€2,790 | -6.6% |
| Other amounts payable | 47/48 | - | €139,410 | +€139,410 | |
| Accrued charges and deferred income | 492/3 | €944 | - | -€944 | |
| Other operating charges | 640/8 | €1,520 | €3,476 | +€1,956 | +129% |
| Gross operating margin | 9900 | €118,422 | €175,426 | +€57,004 | +48.1% |
| Operating profit (loss) | 9901 | €116,902 | €171,950 | +€55,048 | +47.1% |
| Financial income | 75/76B | €9,377 | €2,395 | -€6,982 | -74.5% |
| Recurring financial income | 75 | €9,377 | €2,395 | -€6,982 | -74.5% |
| Financial charges | 65/66B | €2,469 | €1,863 | -€606 | -24.6% |
| Recurring financial charges | 65 | €2,469 | €1,863 | -€606 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €123,810 | €172,483 | +€48,673 | +39.3% |
| Income taxes | 67/77 | €26,689 | €39,923 | +€13,234 | +49.6% |
| Profit (loss) for the period | 9904 | €97,121 | €132,560 | +€35,439 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,121 | €132,560 | +€35,439 | +36.5% |
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 22 October 2026 via checked.be.