LES 2 T: 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.
LES 2 T
Largest movements
- Tangible fixed assets +€217,212
up €217,212 (+2,615%), from €8,307 to €225,519
of which Assets under construction and advance payments: +€193,728
- Receivables within one year -€111,842
down €111,842 (-76.0%), from €147,081 to €35,239
of which Trade receivables: -€94,755
- Stocks and contracts -€19,394
no longer reported in 2025 (was €19,394)
- Cash -€5,588
down €5,588 (-11.4%), from €49,102 to €43,514
mainly Investment in fixed assets (net) (-€222,735) and Trade debts (-€51,751)
- Profit (loss) carried forward +€104,011
up €104,011 (+282%), from €36,844 to €140,855
- Trade debts -€51,751
down €51,751 (-64.3%), from €80,484 to €28,733
- Tax, wage and social debts +€45,078
new in 2025: €45,078
- Other debts -€18,278
down €18,278 (-16.8%), from €108,556 to €90,278
- Gross operating margin +€128,419
up €128,419, from -€3,106 to €125,313
- Taxes +€29,472
new in 2025: €29,472
- Financial income +€11,120
up €11,120 (+355%), from €3,132 to €14,252
- Depreciation +€3,062
up €3,062 (+124%), from €2,461 to €5,524
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 | €225,884 | €306,272 | +€80,389 | +35.6% |
| Fixed assets | 21/28 | €10,307 | €227,519 | +€217,212 | +2,107% |
| Tangible fixed assets | 22/27 | €8,307 | €225,519 | +€217,212 | +2,615% |
| Furniture and vehicles | 24 | €110 | €1,207 | +€1,097 | +997% |
| Other tangible fixed assets | 26 | €8,197 | €30,584 | +€22,386 | +273% |
| Assets under construction and advance payments | 27 | - | €193,728 | +€193,728 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €215,576 | €78,753 | -€136,823 | -63.5% |
| Stocks and contracts in progress | 3 | €19,394 | - | -€19,394 | |
| Stocks | 30/36 | €19,394 | - | -€19,394 | |
| Amounts receivable within one year | 40/41 | €147,081 | €35,239 | -€111,842 | -76.0% |
| Trade receivables | 40 | €129,994 | €35,239 | -€94,755 | -72.9% |
| Other amounts receivable | 41 | €17,087 | - | -€17,087 | |
| Cash at bank and in hand | 54/58 | €49,102 | €43,514 | -€5,588 | -11.4% |
| Total equity and liabilities | 10/49 | €225,884 | €306,272 | +€80,389 | +35.6% |
| Equity | 10/15 | €36,844 | €140,855 | +€104,011 | +282% |
| Profit (loss) carried forward | 14 | €36,844 | €140,855 | +€104,011 | +282% |
| Amounts payable | 17/49 | €189,040 | €165,418 | -€23,622 | -12.5% |
| Amounts payable within one year | 42/48 | €189,040 | €164,089 | -€24,951 | -13.2% |
| Trade debts | 44 | €80,484 | €28,733 | -€51,751 | -64.3% |
| Suppliers | 440/4 | €80,484 | €28,733 | -€51,751 | -64.3% |
| Taxes, remuneration and social security | 45 | - | €45,078 | +€45,078 | |
| Taxes | 450/3 | - | €45,078 | +€45,078 | |
| Other amounts payable | 47/48 | €108,556 | €90,278 | -€18,278 | -16.8% |
| Accrued charges and deferred income | 492/3 | - | €1,329 | +€1,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,461 | €5,524 | +€3,062 | +124% |
| Other operating charges | 640/8 | €234 | €297 | +€63 | +27.0% |
| Gross operating margin | 9900 | -€3,106 | €125,313 | +€128,419 | |
| Operating profit (loss) | 9901 | -€5,801 | €119,492 | +€125,293 | |
| Financial income | 75/76B | €3,132 | €14,252 | +€11,120 | +355% |
| Recurring financial income | 75 | €3,132 | €14,252 | +€11,120 | +355% |
| Financial charges | 65/66B | €162 | €262 | +€99 | +61.1% |
| Recurring financial charges | 65 | €162 | €262 | +€99 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,832 | €133,482 | +€136,314 | |
| Income taxes | 67/77 | - | €29,472 | +€29,472 | |
| Profit (loss) for the period | 9904 | -€2,832 | €104,011 | +€106,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,832 | €104,011 | +€106,842 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.