LES AB'S: 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 AB'S
Largest movements
- Tangible fixed assets -€7,060
down €7,060 (-48.8%), from €14,454 to €7,394
of which Plant, machinery and equipment: -€5,145
- Receivables within one year +€3,922
up €3,922 (+37.1%), from €10,565 to €14,487
- Stocks and contracts -€1,889
down €1,889 (-11.5%), from €16,437 to €14,548
- Cash -€926
down €926 (-30.2%), from €3,064 to €2,138
mainly Net result for the year (-€6,348) and Receivables within one year (-€3,922)
- Profit (loss) carried forward -€6,348
down €6,348 (-62.6%), from €10,138 to €3,790
- Trade debts +€2,767
new in 2025: €2,767
- Tax, wage and social debts -€1,718
down €1,718 (-85.6%), from €2,007 to €289
- Debts after one year -€769
down €769 (-4.4%), from €17,491 to €16,722
- Gross operating margin -€12,637
down €12,637 (-92.2%), from €13,703 to €1,066
- Depreciation -€1,606
down €1,606 (-18.3%), from €8,781 to €7,175
- Other operating charges -€485
no longer reported in 2025 (was €485)
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 | €44,635 | €38,568 | -€6,068 | -13.6% |
| Formation expenses | 20 | €114 | - | -€114 | |
| Fixed assets | 21/28 | €14,454 | €7,394 | -€7,060 | -48.8% |
| Tangible fixed assets | 22/27 | €14,454 | €7,394 | -€7,060 | -48.8% |
| Plant, machinery and equipment | 23 | €11,410 | €6,266 | -€5,145 | -45.1% |
| Furniture and vehicles | 24 | €3,044 | €1,129 | -€1,916 | -62.9% |
| Current assets | 29/58 | €30,066 | €31,173 | +€1,107 | +3.7% |
| Stocks and contracts in progress | 3 | €16,437 | €14,548 | -€1,889 | -11.5% |
| Stocks | 30/36 | €16,437 | €14,548 | -€1,889 | -11.5% |
| Amounts receivable within one year | 40/41 | €10,565 | €14,487 | +€3,922 | +37.1% |
| Trade receivables | 40 | €10,565 | €14,487 | +€3,922 | +37.1% |
| Cash at bank and in hand | 54/58 | €3,064 | €2,138 | -€926 | -30.2% |
| Total equity and liabilities | 10/49 | €44,635 | €38,568 | -€6,068 | -13.6% |
| Equity | 10/15 | €25,138 | €18,790 | -€6,348 | -25.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,138 | €3,790 | -€6,348 | -62.6% |
| Amounts payable | 17/49 | €19,498 | €19,778 | +€280 | +1.4% |
| Amounts payable after more than one year | 17 | €17,491 | €16,722 | -€769 | -4.4% |
| Other amounts payable | 178/9 | €17,491 | €16,722 | -€769 | -4.4% |
| Amounts payable within one year | 42/48 | €2,007 | €3,056 | +€1,049 | +52.3% |
| Trade debts | 44 | - | €2,767 | +€2,767 | |
| Suppliers | 440/4 | - | €2,767 | +€2,767 | |
| Taxes, remuneration and social security | 45 | €2,007 | €289 | -€1,718 | -85.6% |
| Taxes | 450/3 | €2,007 | €289 | -€1,718 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,781 | €7,175 | -€1,606 | -18.3% |
| Other operating charges | 640/8 | €485 | - | -€485 | |
| Gross operating margin | 9900 | €13,703 | €1,066 | -€12,637 | -92.2% |
| Operating profit (loss) | 9901 | €4,437 | -€6,109 | -€10,546 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +800% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +800% |
| Financial charges | 65/66B | €214 | €239 | +€25 | +11.6% |
| Recurring financial charges | 65 | €214 | €239 | +€25 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €4,223 | -€6,348 | -€10,571 | |
| Profit (loss) for the period | 9904 | €4,223 | -€6,348 | -€10,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,223 | -€6,348 | -€10,571 |
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 21 October 2026 via checked.be.