Les "LL": 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 "LL"
Largest movements
- Tangible fixed assets -€50,640
down €50,640 (-12.7%), from €399,670 to €349,030
of which Land and buildings: -€45,978
- Receivables within one year -€4,968
no longer reported in 2025 (was €4,968)
of which Other amounts receivable: -€2,663
- Cash +€4,772
up €4,772 (+29.2%), from €16,328 to €21,100
mainly Depreciation (+€50,640) and Receivables within one year (+€4,968)
- Profit (loss) carried forward -€40,953
down €40,953 (-9.8%), from -€417,133 to -€458,086
- Debts after one year -€5,541
down €5,541 (-72.2%), from €7,672 to €2,131
- Gross operating margin -€3,865
down €3,865 (-19.9%), from €19,406 to €15,541
- Depreciation -€1,638
down €1,638 (-3.1%), from €52,278 to €50,640
- Other operating charges +€738
up €738 (+14.6%), from €5,034 to €5,772
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.
Cash bridge derived
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 | €421,088 | €371,065 | -€50,022 | -11.9% |
| Fixed assets | 21/28 | €399,670 | €349,030 | -€50,640 | -12.7% |
| Tangible fixed assets | 22/27 | €399,670 | €349,030 | -€50,640 | -12.7% |
| Land and buildings | 22 | €385,373 | €339,394 | -€45,978 | -11.9% |
| Plant, machinery and equipment | 23 | €12,877 | €8,970 | -€3,907 | -30.3% |
| Furniture and vehicles | 24 | €1,420 | €666 | -€754 | -53.1% |
| Current assets | 29/58 | €21,418 | €22,035 | +€617 | +2.9% |
| Stocks and contracts in progress | 3 | - | €936 | +€936 | |
| Stocks | 30/36 | - | €936 | +€936 | |
| Amounts receivable within one year | 40/41 | €4,968 | - | -€4,968 | |
| Trade receivables | 40 | €2,304 | - | -€2,304 | |
| Other amounts receivable | 41 | €2,663 | - | -€2,663 | |
| Cash at bank and in hand | 54/58 | €16,328 | €21,100 | +€4,772 | +29.2% |
| Deferred charges and accrued income | 490/1 | €123 | - | -€123 | |
| Total equity and liabilities | 10/49 | €421,088 | €371,065 | -€50,022 | -11.9% |
| Equity | 10/15 | €407,867 | €366,914 | -€40,953 | -10.0% |
| Contributions | 10/11 | €825,000 | €825,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€417,133 | -€458,086 | -€40,953 | -9.8% |
| Amounts payable | 17/49 | €13,221 | €4,151 | -€9,070 | -68.6% |
| Amounts payable after more than one year | 17 | €7,672 | €2,131 | -€5,541 | -72.2% |
| Other amounts payable | 178/9 | €7,672 | €2,131 | -€5,541 | -72.2% |
| Amounts payable within one year | 42/48 | €5,549 | €2,020 | -€3,529 | -63.6% |
| Trade debts | 44 | €5,451 | €2,014 | -€3,436 | -63.0% |
| Suppliers | 440/4 | €5,451 | €2,014 | -€3,436 | -63.0% |
| Taxes, remuneration and social security | 45 | €98 | €6 | -€92 | -94.1% |
| Taxes | 450/3 | €98 | €6 | -€92 | -94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,278 | €50,640 | -€1,638 | -3.1% |
| Other operating charges | 640/8 | €5,034 | €5,772 | +€738 | +14.6% |
| Gross operating margin | 9900 | €19,406 | €15,541 | -€3,865 | -19.9% |
| Operating profit (loss) | 9901 | -€37,906 | -€40,871 | -€2,964 | -7.8% |
| Financial income | 75/76B | €123 | - | -€123 | |
| Recurring financial income | 75 | €123 | - | -€123 | |
| Financial charges | 65/66B | €92 | €82 | -€10 | -11.3% |
| Recurring financial charges | 65 | €92 | €82 | -€10 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,876 | -€40,953 | -€3,077 | -8.1% |
| Profit (loss) for the period | 9904 | -€37,876 | -€40,953 | -€3,077 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,876 | -€40,953 | -€3,077 | -8.1% |
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 9 October 2026 via checked.be.