LE 1421: 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.
LE 1421
Largest movements
- Tangible fixed assets -€46,876
down €46,876 (-5.1%), from €915,380 to €868,504
of which Land and buildings: -€37,200
- Reserves -€21,344
down €21,344 (-5.2%), from €411,004 to €389,660
- Debts after one year -€12,441
down €12,441 (-15.3%), from €81,155 to €68,714
- Gross operating margin -€10,169
down €10,169 (-32.2%), from €31,548 to €21,379
- Other operating charges +€5,038
up €5,038 (+89.4%), from €5,634 to €10,673
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 | €919,013 | €868,689 | -€50,324 | -5.5% |
| Fixed assets | 21/28 | €915,380 | €868,504 | -€46,876 | -5.1% |
| Tangible fixed assets | 22/27 | €915,380 | €868,504 | -€46,876 | -5.1% |
| Land and buildings | 22 | €867,006 | €829,806 | -€37,200 | -4.3% |
| Plant, machinery and equipment | 23 | €18,574 | €13,996 | -€4,578 | -24.6% |
| Other tangible fixed assets | 26 | €29,799 | €24,701 | -€5,098 | -17.1% |
| Current assets | 29/58 | €3,632 | €185 | -€3,447 | -94.9% |
| Cash at bank and in hand | 54/58 | €3,632 | €185 | -€3,447 | -94.9% |
| Total equity and liabilities | 10/49 | €919,013 | €868,689 | -€50,324 | -5.5% |
| Equity | 10/15 | €545,711 | €515,631 | -€30,080 | -5.5% |
| Contributions | 10/11 | €170,055 | €170,055 | = | 0.0% |
| Capital | 10 | €170,055 | €170,055 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Uncalled capital | 101 | €28,260 | €28,260 | = | 0.0% |
| Reserves | 13 | €411,004 | €389,660 | -€21,344 | -5.2% |
| Tax-exempt reserves | 132 | €411,004 | €389,660 | -€21,344 | -5.2% |
| Profit (loss) carried forward | 14 | -€35,347 | -€44,084 | -€8,736 | -24.7% |
| Provisions and deferred taxes | 16 | €100,722 | €93,607 | -€7,115 | -7.1% |
| Deferred taxes | 168 | €100,722 | €93,607 | -€7,115 | -7.1% |
| Amounts payable | 17/49 | €272,580 | €259,450 | -€13,129 | -4.8% |
| Amounts payable after more than one year | 17 | €81,155 | €68,714 | -€12,441 | -15.3% |
| Financial debts | 170/4 | €81,155 | €68,714 | -€12,441 | -15.3% |
| Amounts payable within one year | 42/48 | €191,424 | €190,736 | -€688 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €12,318 | €12,441 | +€122 | +1.0% |
| Trade debts | 44 | €1,979 | €822 | -€1,157 | -58.5% |
| Suppliers | 440/4 | €1,979 | €822 | -€1,157 | -58.5% |
| Other amounts payable | 47/48 | €177,127 | €177,474 | +€346 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,615 | €46,876 | +€261 | +0.6% |
| Other operating charges | 640/8 | €5,634 | €10,673 | +€5,038 | +89.4% |
| Gross operating margin | 9900 | €31,548 | €21,379 | -€10,169 | -32.2% |
| Operating profit (loss) | 9901 | -€20,702 | -€36,170 | -€15,468 | -74.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +150% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +150% |
| Financial charges | 65/66B | €1,150 | €1,024 | -€126 | -11.0% |
| Recurring financial charges | 65 | €1,150 | €1,024 | -€126 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,852 | -€37,194 | -€15,342 | -70.2% |
| Transfer from deferred taxes | 780 | €5,262 | €7,115 | +€1,853 | +35.2% |
| Profit (loss) for the period | 9904 | -€16,590 | -€30,080 | -€13,489 | -81.3% |
| Transfer from tax-exempt reserves | 789 | €15,785 | €21,344 | +€5,558 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€805 | -€8,736 | -€7,931 | -985% |
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 20 October 2026 via checked.be.