LA COUR: 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.
LA COUR
Largest movements
- Tangible fixed assets -€1,972
down €1,972 (-1.9%), from €104,751 to €102,779
of which Land and buildings: -€23,368
- Trade debts +€29,811
up €29,811 (+3,218%), from €926 to €30,737
- Profit (loss) carried forward -€24,360
down €24,360 (-19.0%), from €128,032 to €103,672
- Tax, wage and social debts -€2,695
down €2,695 (-76.0%), from €3,547 to €852
- Advances received -€2,544
no longer reported in 2025 (was €2,544)
- Gross operating margin +€6,331
up €6,331, from -€1,080 to €5,252
- Depreciation +€2,378
up €2,378 (+10.8%), from €22,093 to €24,472
- Other operating charges +€1,652
up €1,652 (+184%), from €897 to €2,550
- Financial charges -€220
down €220 (-7.8%), from €2,811 to €2,591
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,695 | €178,157 | -€1,538 | -0.9% |
| Fixed assets | 21/28 | €104,751 | €102,779 | -€1,972 | -1.9% |
| Tangible fixed assets | 22/27 | €104,751 | €102,779 | -€1,972 | -1.9% |
| Land and buildings | 22 | €102,439 | €79,071 | -€23,368 | -22.8% |
| Plant, machinery and equipment | 23 | €2,040 | €1,360 | -€680 | -33.3% |
| Furniture and vehicles | 24 | - | €22,125 | +€22,125 | |
| Other tangible fixed assets | 26 | €272 | €223 | -€49 | -17.9% |
| Current assets | 29/58 | €74,945 | €75,378 | +€433 | +0.6% |
| Stocks and contracts in progress | 3 | €69,000 | €69,000 | = | 0.0% |
| Stocks | 30/36 | €69,000 | €69,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,945 | €6,218 | +€274 | +4.6% |
| Trade receivables | 40 | €2,295 | €3,852 | +€1,557 | +67.8% |
| Other amounts receivable | 41 | €3,650 | €2,367 | -€1,283 | -35.2% |
| Deferred charges and accrued income | 490/1 | - | €159 | +€159 | |
| Total equity and liabilities | 10/49 | €179,695 | €178,157 | -€1,538 | -0.9% |
| Equity | 10/15 | €148,492 | €124,132 | -€24,360 | -16.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,032 | €103,672 | -€24,360 | -19.0% |
| Amounts payable | 17/49 | €31,203 | €54,025 | +€22,822 | +73.1% |
| Amounts payable within one year | 42/48 | €31,203 | €53,505 | +€22,302 | +71.5% |
| Financial debts | 43 | €20,552 | €19,989 | -€563 | -2.7% |
| Credit institutions | 430/8 | €20,552 | €19,989 | -€563 | -2.7% |
| Trade debts | 44 | €926 | €30,737 | +€29,811 | +3,218% |
| Suppliers | 440/4 | €926 | €30,737 | +€29,811 | +3,218% |
| Advances received on contracts in progress | 46 | €2,544 | - | -€2,544 | |
| Taxes, remuneration and social security | 45 | €3,547 | €852 | -€2,695 | -76.0% |
| Taxes | 450/3 | €3,547 | €852 | -€2,695 | -76.0% |
| Other amounts payable | 47/48 | €3,634 | €1,927 | -€1,707 | -47.0% |
| Accrued charges and deferred income | 492/3 | - | €520 | +€520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,093 | €24,472 | +€2,378 | +10.8% |
| Other operating charges | 640/8 | €897 | €2,550 | +€1,652 | +184% |
| Gross operating margin | 9900 | -€1,080 | €5,252 | +€6,331 | |
| Operating profit (loss) | 9901 | -€24,070 | -€21,770 | +€2,300 | +9.6% |
| Financial charges | 65/66B | €2,811 | €2,591 | -€220 | -7.8% |
| Recurring financial charges | 65 | €2,811 | €2,591 | -€220 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,881 | -€24,360 | +€2,520 | +9.4% |
| Profit (loss) for the period | 9904 | -€26,881 | -€24,360 | +€2,520 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,881 | -€24,360 | +€2,520 | +9.4% |
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 24 October 2026 via checked.be.