LA 440: 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.
LA 440
Largest movements
- Tangible fixed assets -€23,974
down €23,974 (-5.9%), from €406,779 to €382,805
of which Land and buildings: -€23,033
- Profit (loss) carried forward -€22,613
down €22,613 (-14.9%), from -€152,086 to -€174,698
- Other debts -€8,530
down €8,530 (-2.1%), from €405,900 to €397,370
- Gross operating margin -€2,088
down €2,088 (-20.2%), from €10,312 to €8,223
- Depreciation +€473
up €473 (+2.0%), from €23,501 to €23,974
- Taxes -€143
down €143 (-52.0%), from €275 to €132
- Other operating charges +€129
up €129 (+2.7%), from €4,816 to €4,945
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 | €474,157 | €446,639 | -€27,519 | -5.8% |
| Fixed assets | 21/28 | €406,779 | €382,805 | -€23,974 | -5.9% |
| Tangible fixed assets | 22/27 | €406,779 | €382,805 | -€23,974 | -5.9% |
| Land and buildings | 22 | €403,505 | €380,472 | -€23,033 | -5.7% |
| Furniture and vehicles | 24 | €3,274 | €2,333 | -€941 | -28.8% |
| Current assets | 29/58 | €67,379 | €63,834 | -€3,545 | -5.3% |
| Amounts receivable within one year | 40/41 | €6,167 | €5,499 | -€668 | -10.8% |
| Trade receivables | 40 | €5,190 | €5,000 | -€190 | -3.7% |
| Other amounts receivable | 41 | €977 | €499 | -€478 | -49.0% |
| Cash at bank and in hand | 54/58 | €61,212 | €58,335 | -€2,877 | -4.7% |
| Total equity and liabilities | 10/49 | €474,157 | €446,639 | -€27,519 | -5.8% |
| Equity | 10/15 | €65,169 | €42,557 | -€22,613 | -34.7% |
| Contributions | 10/11 | €14,255 | €14,255 | = | 0.0% |
| Reserves | 13 | €203,000 | €203,000 | = | 0.0% |
| Distributable reserves | 133 | €203,000 | €203,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,086 | -€174,698 | -€22,613 | -14.9% |
| Amounts payable | 17/49 | €408,988 | €404,082 | -€4,906 | -1.2% |
| Amounts payable within one year | 42/48 | €406,422 | €399,458 | -€6,964 | -1.7% |
| Trade debts | 44 | €303 | €1,829 | +€1,526 | +503.3% |
| Suppliers | 440/4 | €303 | €1,829 | +€1,526 | +503.3% |
| Taxes, remuneration and social security | 45 | €219 | €259 | +€40 | +18.2% |
| Taxes | 450/3 | €219 | €259 | +€40 | +18.2% |
| Other amounts payable | 47/48 | €405,900 | €397,370 | -€8,530 | -2.1% |
| Accrued charges and deferred income | 492/3 | €2,566 | €4,625 | +€2,058 | +80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,501 | €23,974 | +€473 | +2.0% |
| Other operating charges | 640/8 | €4,816 | €4,945 | +€129 | +2.7% |
| Gross operating margin | 9900 | €10,312 | €8,223 | -€2,088 | -20.2% |
| Operating profit (loss) | 9901 | -€18,006 | -€20,696 | -€2,690 | -14.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,788 | €1,786 | -€2 | -0.1% |
| Recurring financial charges | 65 | €1,788 | €1,786 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,794 | -€22,481 | -€2,687 | -13.6% |
| Income taxes | 67/77 | €275 | €132 | -€143 | -52.0% |
| Profit (loss) for the period | 9904 | -€20,069 | -€22,613 | -€2,544 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,069 | -€22,613 | -€2,544 | -12.7% |
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 7 October 2026 via checked.be.