Le Money: 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 Money
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€92,224
down €92,224 (-59.3%), from €155,463 to €63,239
mainly Investment in fixed assets (net) (-€117,167) and Current investments (-€100,000)
- Tangible fixed assets +€47,298
up €47,298 (+24.1%), from €196,440 to €243,738
of which Assets under construction and advance payments: +€31,376
- Receivables within one year +€26,470
up €26,470 (+2,705%), from €978 to €27,448
of which Other amounts receivable: +€24,466
- Trade debts +€41,623
up €41,623 (+768%), from €5,422 to €47,045
- Reserves +€30,400
up €30,400 (+11.3%), from €270,031 to €300,431
- Tax, wage and social debts +€12,252
up €12,252 (+130%), from €9,426 to €21,678
- Gross operating margin -€53,650
down €53,650 (-31.2%), from €171,744 to €118,094
- Taxes -€23,392
down €23,392 (-64.6%), from €36,221 to €12,828
- Depreciation +€7,656
up €7,656 (+12.3%), from €62,213 to €69,869
- Other operating charges +€1,825
up €1,825 (+57.5%), from €3,173 to €4,998
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 | €363,070 | €447,386 | +€84,315 | +23.2% |
| Fixed assets | 21/28 | €196,440 | €243,738 | +€47,298 | +24.1% |
| Tangible fixed assets | 22/27 | €196,440 | €243,738 | +€47,298 | +24.1% |
| Land and buildings | 22 | €67,432 | €54,332 | -€13,100 | -19.4% |
| Plant, machinery and equipment | 23 | €61,736 | €81,758 | +€20,022 | +32.4% |
| Furniture and vehicles | 24 | €67,272 | €76,271 | +€9,000 | +13.4% |
| Assets under construction and advance payments | 27 | - | €31,376 | +€31,376 | |
| Current assets | 29/58 | €166,630 | €203,647 | +€37,017 | +22.2% |
| Amounts receivable within one year | 40/41 | €978 | €27,448 | +€26,470 | +2,705% |
| Trade receivables | 40 | €978 | €2,982 | +€2,004 | +205% |
| Other amounts receivable | 41 | - | €24,466 | +€24,466 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €155,463 | €63,239 | -€92,224 | -59.3% |
| Deferred charges and accrued income | 490/1 | €10,188 | €12,960 | +€2,772 | +27.2% |
| Total equity and liabilities | 10/49 | €363,070 | €447,386 | +€84,315 | +23.2% |
| Equity | 10/15 | €347,779 | €378,220 | +€30,441 | +8.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €270,031 | €300,431 | +€30,400 | +11.3% |
| Distributable reserves | 133 | €270,031 | €300,431 | +€30,400 | +11.3% |
| Profit (loss) carried forward | 14 | €59,156 | €59,196 | +€41 | +0.1% |
| Amounts payable | 17/49 | €15,291 | €69,166 | +€53,875 | +352% |
| Amounts payable within one year | 42/48 | €15,291 | €69,166 | +€53,875 | +352% |
| Trade debts | 44 | €5,422 | €47,045 | +€41,623 | +768% |
| Suppliers | 440/4 | €5,422 | €47,045 | +€41,623 | +768% |
| Taxes, remuneration and social security | 45 | €9,426 | €21,678 | +€12,252 | +130% |
| Taxes | 450/3 | €9,426 | €21,678 | +€12,252 | +130% |
| Other amounts payable | 47/48 | €443 | €443 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,213 | €69,869 | +€7,656 | +12.3% |
| Other operating charges | 640/8 | €3,173 | €4,998 | +€1,825 | +57.5% |
| Gross operating margin | 9900 | €171,744 | €118,094 | -€53,650 | -31.2% |
| Operating profit (loss) | 9901 | €106,358 | €43,227 | -€63,131 | -59.4% |
| Financial income | 75/76B | €394 | €202 | -€193 | -48.8% |
| Recurring financial income | 75 | €394 | €202 | -€193 | -48.8% |
| Financial charges | 65/66B | €721 | €159 | -€562 | -77.9% |
| Recurring financial charges | 65 | €721 | €159 | -€562 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €106,031 | €43,269 | -€62,762 | -59.2% |
| Income taxes | 67/77 | €36,221 | €12,828 | -€23,392 | -64.6% |
| Profit (loss) for the period | 9904 | €69,810 | €30,441 | -€39,369 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,810 | €30,441 | -€39,369 | -56.4% |
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 31 October 2026 via checked.be.