LE LOAN: 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 LOAN
Largest movements
- Tangible fixed assets +€51,475
up €51,475 (+69.0%), from €74,599 to €126,074
of which Land and buildings: +€52,993
- Cash -€22,601
down €22,601 (-19.3%), from €117,160 to €94,558
mainly Investment in fixed assets (net) (-€70,395) and Receivables within one year (-€21,684)
- Receivables within one year +€21,684
up €21,684 (+408%), from €5,317 to €27,001
of which Trade receivables: +€17,597
- Profit (loss) carried forward +€34,241
up €34,241 (+127%), from €26,891 to €61,132
- Advances received +€22,997
new in 2025: €22,997
- Tax, wage and social debts -€5,680
down €5,680 (-50.6%), from €11,232 to €5,552
- Accrued charges and deferred income -€4,084
down €4,084 (-99.7%), from €4,094 to €11
- Debts after one year +€3,432
up €3,432 (+3.4%), from €100,195 to €103,627
- Gross operating margin +€16,897
up €16,897 (+31.7%), from €53,327 to €70,225
- Taxes +€4,589
up €4,589 (+44.5%), from €10,301 to €14,890
- Depreciation +€4,128
up €4,128 (+27.9%), from €14,792 to €18,921
- Other operating charges -€981
down €981 (-33.1%), from €2,964 to €1,983
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 | €200,643 | €252,258 | +€51,615 | +25.7% |
| Fixed assets | 21/28 | €74,599 | €126,074 | +€51,475 | +69.0% |
| Tangible fixed assets | 22/27 | €74,599 | €126,074 | +€51,475 | +69.0% |
| Land and buildings | 22 | €69,041 | €122,034 | +€52,993 | +76.8% |
| Furniture and vehicles | 24 | €5,558 | €4,040 | -€1,518 | -27.3% |
| Current assets | 29/58 | €126,044 | €126,185 | +€140 | +0.1% |
| Amounts receivable within one year | 40/41 | €5,317 | €27,001 | +€21,684 | +408% |
| Trade receivables | 40 | €4,098 | €21,695 | +€17,597 | +429% |
| Other amounts receivable | 41 | €1,219 | €5,306 | +€4,087 | +335% |
| Cash at bank and in hand | 54/58 | €117,160 | €94,558 | -€22,601 | -19.3% |
| Deferred charges and accrued income | 490/1 | €3,567 | €4,625 | +€1,057 | +29.6% |
| Total equity and liabilities | 10/49 | €200,643 | €252,258 | +€51,615 | +25.7% |
| Equity | 10/15 | €57,878 | €92,119 | +€34,241 | +59.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,891 | €61,132 | +€34,241 | +127% |
| Amounts payable | 17/49 | €142,766 | €160,139 | +€17,374 | +12.2% |
| Amounts payable after more than one year | 17 | €100,195 | €103,627 | +€3,432 | +3.4% |
| Financial debts | 170/4 | €100,195 | €103,627 | +€3,432 | +3.4% |
| Amounts payable within one year | 42/48 | €38,476 | €56,501 | +€18,025 | +46.8% |
| Trade debts | 44 | €7,244 | €7,953 | +€709 | +9.8% |
| Suppliers | 440/4 | €7,244 | €7,953 | +€709 | +9.8% |
| Advances received on contracts in progress | 46 | - | €22,997 | +€22,997 | |
| Taxes, remuneration and social security | 45 | €11,232 | €5,552 | -€5,680 | -50.6% |
| Taxes | 450/3 | €11,232 | €5,552 | -€5,680 | -50.6% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,094 | €11 | -€4,084 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,792 | €18,921 | +€4,128 | +27.9% |
| Other operating charges | 640/8 | €2,964 | €1,983 | -€981 | -33.1% |
| Non-recurring operating charges | 66A | €3,029 | - | -€3,029 | |
| Gross operating margin | 9900 | €53,327 | €70,225 | +€16,897 | +31.7% |
| Operating profit (loss) | 9901 | €32,541 | €49,321 | +€16,779 | +51.6% |
| Financial income | 75/76B | €97 | - | -€97 | |
| Recurring financial income | 75 | €97 | - | -€97 | |
| Financial charges | 65/66B | €151 | €190 | +€39 | +26.1% |
| Recurring financial charges | 65 | €151 | €190 | +€39 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €32,488 | €49,131 | +€16,643 | +51.2% |
| Income taxes | 67/77 | €10,301 | €14,890 | +€4,589 | +44.5% |
| Profit (loss) for the period | 9904 | €22,187 | €34,241 | +€12,054 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,187 | €34,241 | +€12,054 | +54.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.