LE LIEU: 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 LIEU
Largest movements
- Tangible fixed assets -€10,687
down €10,687 (-58.9%), from €18,141 to €7,454
of which Furniture and vehicles: -€6,824
- Stocks and contracts -€3,268
down €3,268 (-12.4%), from €26,279 to €23,011
- Receivables within one year +€2,157
up €2,157 (+58.6%), from €3,682 to €5,839
of which Trade receivables: +€3,146
- Cash +€710
up €710 (+1,986%), from €36 to €746
mainly Trade debts (+€23,274) and Depreciation (+€7,647)
- Other debts -€23,418
down €23,418 (-2.7%), from €869,889 to €846,471
- Trade debts +€23,274
up €23,274 (+696%), from €3,343 to €26,617
- Profit (loss) carried forward -€11,347
down €11,347 (-1.0%), from -€1.1m to -€1.1m
- Gross operating margin +€36,965
up €36,965 (+96.8%), from -€38,186 to -€1,221
- Depreciation -€4,734
down €4,734 (-38.2%), from €12,381 to €7,647
- Financial charges +€457
up €457 (+27.1%), from €1,685 to €2,143
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 | €50,101 | €38,764 | -€11,337 | -22.6% |
| Fixed assets | 21/28 | €18,166 | €7,479 | -€10,687 | -58.8% |
| Tangible fixed assets | 22/27 | €18,141 | €7,454 | -€10,687 | -58.9% |
| Plant, machinery and equipment | 23 | €4,493 | €630 | -€3,863 | -86.0% |
| Furniture and vehicles | 24 | €13,648 | €6,824 | -€6,824 | -50.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €31,935 | €31,285 | -€650 | -2.0% |
| Stocks and contracts in progress | 3 | €26,279 | €23,011 | -€3,268 | -12.4% |
| Stocks | 30/36 | €26,279 | €23,011 | -€3,268 | -12.4% |
| Amounts receivable within one year | 40/41 | €3,682 | €5,839 | +€2,157 | +58.6% |
| Trade receivables | 40 | €2,471 | €5,617 | +€3,146 | +127% |
| Other amounts receivable | 41 | €1,211 | €222 | -€989 | -81.7% |
| Cash at bank and in hand | 54/58 | €36 | €746 | +€710 | +1,986% |
| Deferred charges and accrued income | 490/1 | €1,938 | €1,689 | -€250 | -12.9% |
| Total equity and liabilities | 10/49 | €50,101 | €38,764 | -€11,337 | -22.6% |
| Equity | 10/15 | -€832,636 | -€843,983 | -€11,347 | -1.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,132,636 | -€1,143,983 | -€11,347 | -1.0% |
| Amounts payable | 17/49 | €882,737 | €882,747 | +€10 | 0.0% |
| Amounts payable within one year | 42/48 | €882,737 | €882,747 | +€10 | 0.0% |
| Financial debts | 43 | €9,113 | €9,376 | +€263 | +2.9% |
| Credit institutions | 430/8 | €9,113 | €9,376 | +€263 | +2.9% |
| Trade debts | 44 | €3,343 | €26,617 | +€23,274 | +696% |
| Suppliers | 440/4 | €3,343 | €26,617 | +€23,274 | +696% |
| Taxes, remuneration and social security | 45 | €392 | €283 | -€108 | -27.7% |
| Taxes | 450/3 | €392 | €283 | -€108 | -27.7% |
| Other amounts payable | 47/48 | €869,889 | €846,471 | -€23,418 | -2.7% |
| Non-recurring operating income | 76A | - | €15,520 | +€15,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,381 | €7,647 | -€4,734 | -38.2% |
| Other operating charges | 640/8 | €230 | €53 | -€177 | -76.9% |
| Gross operating margin | 9900 | -€38,186 | -€1,221 | +€36,965 | +96.8% |
| Operating profit (loss) | 9901 | -€50,797 | -€8,921 | +€41,876 | +82.4% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,685 | €2,143 | +€457 | +27.1% |
| Recurring financial charges | 65 | €1,685 | €2,143 | +€457 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€52,476 | -€11,064 | +€41,412 | +78.9% |
| Income taxes | 67/77 | €322 | €283 | -€39 | -12.1% |
| Profit (loss) for the period | 9904 | -€52,798 | -€11,347 | +€41,451 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,798 | -€11,347 | +€41,451 | +78.5% |
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 14 October 2026 via checked.be.