L44: 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.
L44
Largest movements
- Cash -€8,863
down €8,863 (-98.6%), from €8,990 to €128
mainly Trade debts (-€14,497) and Contributions, distributions and other (-€7,000)
- Receivables within one year -€4,592
down €4,592 (-9.4%), from €48,895 to €44,303
- Trade debts -€14,497
down €14,497 (-59.7%), from €24,283 to €9,785
- Other debts +€10,000
new in 2025: €10,000
- Contributions -€7,000
down €7,000 (-6.9%), from €101,000 to €94,000
- Profit (loss) carried forward -€1,957
down €1,957 (-5.2%), from -€37,398 to -€39,355
- Gross operating margin +€35,439
up €35,439 (+95.1%), from -€37,256 to -€1,817
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 | €87,885 | €74,431 | -€13,454 | -15.3% |
| Current assets | 29/58 | €87,885 | €74,431 | -€13,454 | -15.3% |
| Stocks and contracts in progress | 3 | €30,000 | €30,000 | = | 0.0% |
| Stocks | 30/36 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,895 | €44,303 | -€4,592 | -9.4% |
| Other amounts receivable | 41 | €48,895 | €44,303 | -€4,592 | -9.4% |
| Cash at bank and in hand | 54/58 | €8,990 | €128 | -€8,863 | -98.6% |
| Total equity and liabilities | 10/49 | €87,885 | €74,431 | -€13,454 | -15.3% |
| Equity | 10/15 | €63,602 | €54,645 | -€8,957 | -14.1% |
| Contributions | 10/11 | €101,000 | €94,000 | -€7,000 | -6.9% |
| Profit (loss) carried forward | 14 | -€37,398 | -€39,355 | -€1,957 | -5.2% |
| Amounts payable | 17/49 | €24,283 | €19,785 | -€4,497 | -18.5% |
| Amounts payable within one year | 42/48 | €24,283 | €19,785 | -€4,497 | -18.5% |
| Trade debts | 44 | €24,283 | €9,785 | -€14,497 | -59.7% |
| Suppliers | 440/4 | €24,283 | €9,785 | -€14,497 | -59.7% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | -€37,256 | -€1,817 | +€35,439 | +95.1% |
| Operating profit (loss) | 9901 | -€37,256 | -€1,817 | +€35,439 | +95.1% |
| Financial charges | 65/66B | €142 | €140 | -€2 | -1.4% |
| Recurring financial charges | 65 | €142 | €140 | -€2 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,398 | -€1,957 | +€35,441 | +94.8% |
| Profit (loss) for the period | 9904 | -€37,398 | -€1,957 | +€35,441 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,398 | -€1,957 | +€35,441 | +94.8% |
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.