LES DEUX D: 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 DEUX D
Largest movements
- Tangible fixed assets -€161,229
down €161,229 (-4.9%), from €3.3m to €3.1m
of which Leasing and similar rights: -€158,122
- Profit (loss) carried forward -€146,733
down €146,733 (-26.3%), from -€558,412 to -€705,145
- Debts after one year -€130,920
down €130,920 (-4.0%), from €3.3m to €3.1m
- Trade debts +€95,242
up €95,242 (+80.4%), from €118,494 to €213,736
- Other operating charges +€34,948
up €34,948 (+909%), from €3,846 to €38,795
- Financial charges -€6,757
down €6,757 (-4.5%), from €148,722 to €141,965
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 | €3,399,895 | €3,234,771 | -€165,124 | -4.9% |
| Fixed assets | 21/28 | €3,262,851 | €3,101,622 | -€161,229 | -4.9% |
| Tangible fixed assets | 22/27 | €3,262,851 | €3,101,622 | -€161,229 | -4.9% |
| Leasing and similar rights | 25 | €3,205,746 | €3,047,624 | -€158,122 | -4.9% |
| Other tangible fixed assets | 26 | €57,105 | €53,998 | -€3,107 | -5.4% |
| Current assets | 29/58 | €137,044 | €133,149 | -€3,895 | -2.8% |
| Amounts receivable within one year | 40/41 | €136,309 | €132,152 | -€4,157 | -3.0% |
| Trade receivables | 40 | €65,878 | €124,739 | +€58,861 | +89.3% |
| Other amounts receivable | 41 | €70,431 | €7,413 | -€63,019 | -89.5% |
| Cash at bank and in hand | 54/58 | €735 | €997 | +€262 | +35.6% |
| Total equity and liabilities | 10/49 | €3,399,895 | €3,234,771 | -€165,124 | -4.9% |
| Equity | 10/15 | -€308,412 | -€455,145 | -€146,733 | -47.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€558,412 | -€705,145 | -€146,733 | -26.3% |
| Amounts payable | 17/49 | €3,708,307 | €3,689,916 | -€18,391 | -0.5% |
| Amounts payable after more than one year | 17 | €3,252,356 | €3,121,436 | -€130,920 | -4.0% |
| Financial debts | 170/4 | €3,252,356 | €3,121,436 | -€130,920 | -4.0% |
| Amounts payable within one year | 42/48 | €455,951 | €568,480 | +€112,529 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €125,749 | €130,920 | +€5,171 | +4.1% |
| Trade debts | 44 | €118,494 | €213,736 | +€95,242 | +80.4% |
| Suppliers | 440/4 | €118,494 | €213,736 | +€95,242 | +80.4% |
| Taxes, remuneration and social security | 45 | €900 | €900 | -€0 | 0.0% |
| Taxes | 450/3 | €900 | €900 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €210,808 | €222,924 | +€12,116 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,986 | €161,229 | +€1,242 | +0.8% |
| Other operating charges | 640/8 | €3,846 | €38,795 | +€34,948 | +909% |
| Gross operating margin | 9900 | €196,557 | €195,255 | -€1,301 | -0.7% |
| Operating profit (loss) | 9901 | €32,724 | -€4,768 | -€37,492 | |
| Financial charges | 65/66B | €148,722 | €141,965 | -€6,757 | -4.5% |
| Recurring financial charges | 65 | €148,722 | €141,965 | -€6,757 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€115,998 | -€146,733 | -€30,735 | -26.5% |
| Profit (loss) for the period | 9904 | -€115,998 | -€146,733 | -€30,735 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,998 | -€146,733 | -€30,735 | -26.5% |
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 13 October 2026 via checked.be.