LE 14: 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.
LE 14
Largest movements
- Tangible fixed assets -€38,979
down €38,979 (-4.3%), from €910,588 to €871,609
of which Land and buildings: -€34,557
- Other debts -€348,696
no longer reported in 2025 (was €348,696)
- Debts after one year +€323,469
up €323,469 (+48.0%), from €673,334 to €996,803
of which Financial debts: +€318,889
- Profit (loss) carried forward -€19,895
down €19,895 (-10.0%), from -€199,058 to -€218,953
- Depreciation -€75,814
down €75,814 (-64.3%), from €117,843 to €42,028
- Gross operating margin +€54,478
up €54,478 (+633.8%), from €8,596 to €63,074
- Other operating charges +€6,097
up €6,097 (+47.4%), from €12,859 to €18,956
- Financial charges +€5,539
up €5,539 (+33.7%), from €16,445 to €21,984
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 | €933,970 | €895,412 | -€38,559 | -4.1% |
| Fixed assets | 21/28 | €910,588 | €871,609 | -€38,979 | -4.3% |
| Tangible fixed assets | 22/27 | €910,588 | €871,609 | -€38,979 | -4.3% |
| Land and buildings | 22 | €888,462 | €853,905 | -€34,557 | -3.9% |
| Plant, machinery and equipment | 23 | €2,918 | €3,783 | +€865 | +29.6% |
| Furniture and vehicles | 24 | €19,209 | €13,921 | -€5,288 | -27.5% |
| Current assets | 29/58 | €23,382 | €23,803 | +€421 | +1.8% |
| Amounts receivable within one year | 40/41 | €7,110 | €3,150 | -€3,960 | -55.7% |
| Trade receivables | 40 | €7,110 | €3,150 | -€3,960 | -55.7% |
| Cash at bank and in hand | 54/58 | €14,822 | €16,281 | +€1,459 | +9.8% |
| Deferred charges and accrued income | 490/1 | €1,450 | €4,371 | +€2,922 | +201.5% |
| Total equity and liabilities | 10/49 | €933,970 | €895,412 | -€38,559 | -4.1% |
| Equity | 10/15 | -€149,058 | -€168,953 | -€19,895 | -13.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,058 | -€218,953 | -€19,895 | -10.0% |
| Amounts payable | 17/49 | €1,083,028 | €1,064,365 | -€18,664 | -1.7% |
| Amounts payable after more than one year | 17 | €673,334 | €996,803 | +€323,469 | +48.0% |
| Financial debts | 170/4 | €561,642 | €880,531 | +€318,889 | +56.8% |
| Other amounts payable | 178/9 | €111,692 | €116,272 | +€4,580 | +4.1% |
| Amounts payable within one year | 42/48 | €400,217 | €54,308 | -€345,909 | -86.4% |
| Current portion of amounts payable after more than one year | 42 | €38,975 | €39,060 | +€85 | +0.2% |
| Trade debts | 44 | €11,667 | €10,618 | -€1,050 | -9.0% |
| Suppliers | 440/4 | €11,667 | €10,618 | -€1,050 | -9.0% |
| Taxes, remuneration and social security | 45 | €879 | €4,630 | +€3,751 | +427.0% |
| Taxes | 450/3 | €879 | €4,630 | +€3,751 | +427.0% |
| Other amounts payable | 47/48 | €348,696 | - | -€348,696 | |
| Accrued charges and deferred income | 492/3 | €9,477 | €13,254 | +€3,777 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,843 | €42,028 | -€75,814 | -64.3% |
| Other operating charges | 640/8 | €12,859 | €18,956 | +€6,097 | +47.4% |
| Gross operating margin | 9900 | €8,596 | €63,074 | +€54,478 | +633.8% |
| Operating profit (loss) | 9901 | -€122,106 | €2,089 | +€124,195 | |
| Financial charges | 65/66B | €16,445 | €21,984 | +€5,539 | +33.7% |
| Recurring financial charges | 65 | €16,445 | €21,984 | +€5,539 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | -€138,551 | -€19,895 | +€118,656 | +85.6% |
| Profit (loss) for the period | 9904 | -€138,551 | -€19,895 | +€118,656 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€138,551 | -€19,895 | +€118,656 | +85.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.