LAAA CREATION: 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.
LAAA CREATION
Largest movements
- Receivables within one year -€35,782
down €35,782 (-74.1%), from €48,296 to €12,514
- Cash +€11,338
up €11,338 (+292.2%), from €3,880 to €15,218
mainly Receivables within one year (+€35,782) and Depreciation (+€12,235)
- Tangible fixed assets -€6,434
down €6,434 (-24.0%), from €26,818 to €20,384
of which Other tangible fixed assets: -€6,102
- Profit (loss) carried forward -€19,946
down €19,946 (-1600.8%), from -€1,246 to -€21,192
- Debts after one year -€5,073
down €5,073 (-54.3%), from €9,349 to €4,276
- Tax, wage and social debts -€3,935
down €3,935 (-8.7%), from €45,439 to €41,504
of which Taxes: -€3,017
- Other debts -€1,502
down €1,502 (-63.3%), from €2,374 to €872
- Gross operating margin +€7,318
up €7,318 (+74.5%), from -€9,829 to -€2,511
- Financial charges -€1,260
down €1,260 (-26.3%), from €4,783 to €3,523
- Other operating charges -€498
down €498 (-22.9%), from €2,175 to €1,677
- Depreciation +€383
up €383 (+3.2%), from €11,852 to €12,235
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 | €78,994 | €48,116 | -€30,878 | -39.1% |
| Fixed assets | 21/28 | €26,818 | €20,384 | -€6,434 | -24.0% |
| Tangible fixed assets | 22/27 | €26,818 | €20,384 | -€6,434 | -24.0% |
| Furniture and vehicles | 24 | €759 | €427 | -€332 | -43.7% |
| Other tangible fixed assets | 26 | €26,059 | €19,957 | -€6,102 | -23.4% |
| Current assets | 29/58 | €52,176 | €27,732 | -€24,444 | -46.8% |
| Amounts receivable within one year | 40/41 | €48,296 | €12,514 | -€35,782 | -74.1% |
| Trade receivables | 40 | €48,296 | €12,514 | -€35,782 | -74.1% |
| Cash at bank and in hand | 54/58 | €3,880 | €15,218 | +€11,338 | +292.2% |
| Total equity and liabilities | 10/49 | €78,994 | €48,116 | -€30,878 | -39.1% |
| Equity | 10/15 | -€1,146 | -€21,092 | -€19,946 | -1740.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,246 | -€21,192 | -€19,946 | -1600.8% |
| Amounts payable | 17/49 | €80,140 | €69,208 | -€10,932 | -13.6% |
| Amounts payable after more than one year | 17 | €9,349 | €4,276 | -€5,073 | -54.3% |
| Financial debts | 170/4 | €9,349 | €4,276 | -€5,073 | -54.3% |
| Amounts payable within one year | 42/48 | €70,791 | €64,932 | -€5,859 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €5,010 | €5,073 | +€63 | +1.3% |
| Trade debts | 44 | €17,968 | €17,483 | -€485 | -2.7% |
| Suppliers | 440/4 | €17,968 | €17,483 | -€485 | -2.7% |
| Taxes, remuneration and social security | 45 | €45,439 | €41,504 | -€3,935 | -8.7% |
| Taxes | 450/3 | €39,521 | €36,504 | -€3,017 | -7.6% |
| Remuneration and social security | 454/9 | €5,918 | €5,000 | -€918 | -15.5% |
| Other amounts payable | 47/48 | €2,374 | €872 | -€1,502 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,852 | €12,235 | +€383 | +3.2% |
| Other operating charges | 640/8 | €2,175 | €1,677 | -€498 | -22.9% |
| Gross operating margin | 9900 | -€9,829 | -€2,511 | +€7,318 | +74.5% |
| Operating profit (loss) | 9901 | -€23,856 | -€16,423 | +€7,433 | +31.2% |
| Financial charges | 65/66B | €4,783 | €3,523 | -€1,260 | -26.3% |
| Recurring financial charges | 65 | €4,783 | €3,523 | -€1,260 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,639 | -€19,946 | +€8,693 | +30.4% |
| Profit (loss) for the period | 9904 | -€28,639 | -€19,946 | +€8,693 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,639 | -€19,946 | +€8,693 | +30.4% |
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 30 September 2026 via checked.be.