LESS - INVEST: 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.
LESS - INVEST
Largest movements
- Deferred charges and accrued income -€7,857
down €7,857 (-43.5%), from €18,083 to €10,226
- Receivables within one year +€2,398
up €2,398 (+100%), from €2,394 to €4,792
- Cash -€2,347
down €2,347 (-17.1%), from €13,701 to €11,354
mainly Net result for the year (-€5,097) and Receivables within one year (-€2,398)
- Profit (loss) carried forward -€3,237
new in 2025: -€3,237
- Reserves -€1,860
down €1,860 (-47.7%), from €3,900 to €2,040
of which Non-distributable reserves: -€1,860
- Trade debts -€1,588
down €1,588 (-72.1%), from €2,203 to €615
- Other debts -€1,135
down €1,135 (-5.1%), from €22,181 to €21,046
- Financial income -€11,818
down €11,818 (-99.1%), from €11,926 to €108
of which Non-recurring financial income: -€11,864
- Other operating charges -€4,967
down €4,967 (-77.7%), from €6,390 to €1,422
- Gross operating margin -€2,557
down €2,557, from €925 to -€1,632
- Taxes -€2,359
down €2,359 (-82.5%), from €2,861 to €502
- Financial charges +€82
up €82 (+48.2%), from €169 to €251
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 | €58,766 | €50,762 | -€8,004 | -13.6% |
| Fixed assets | 21/28 | €4,561 | €4,294 | -€268 | -5.9% |
| Tangible fixed assets | 22/27 | €4,561 | €4,294 | -€268 | -5.9% |
| Land and buildings | 22 | €2,440 | €2,102 | -€338 | -13.9% |
| Plant, machinery and equipment | 23 | €466 | €62 | -€404 | -86.7% |
| Furniture and vehicles | 24 | €1,655 | €2,130 | +€474 | +28.7% |
| Current assets | 29/58 | €54,204 | €46,468 | -€7,736 | -14.3% |
| Amounts receivable within one year | 40/41 | €2,394 | €4,792 | +€2,398 | +100% |
| Other amounts receivable | 41 | €2,394 | €4,792 | +€2,398 | +100% |
| Current investments | 50/53 | €20,027 | €20,096 | +€70 | +0.3% |
| Cash at bank and in hand | 54/58 | €13,701 | €11,354 | -€2,347 | -17.1% |
| Deferred charges and accrued income | 490/1 | €18,083 | €10,226 | -€7,857 | -43.5% |
| Total equity and liabilities | 10/49 | €58,766 | €50,762 | -€8,004 | -13.6% |
| Equity | 10/15 | €22,500 | €17,403 | -€5,097 | -22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,900 | €2,040 | -€1,860 | -47.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €2,040 | €2,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,237 | -€3,237 | |
| Amounts payable | 17/49 | €36,265 | €33,358 | -€2,907 | -8.0% |
| Amounts payable within one year | 42/48 | €36,265 | €33,358 | -€2,907 | -8.0% |
| Trade debts | 44 | €2,203 | €615 | -€1,588 | -72.1% |
| Suppliers | 440/4 | €2,203 | €615 | -€1,588 | -72.1% |
| Taxes, remuneration and social security | 45 | €11,881 | €11,697 | -€184 | -1.5% |
| Taxes | 450/3 | €11,881 | €11,697 | -€184 | -1.5% |
| Other amounts payable | 47/48 | €22,181 | €21,046 | -€1,135 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,373 | €1,397 | +€25 | +1.8% |
| Other operating charges | 640/8 | €6,390 | €1,422 | -€4,967 | -77.7% |
| Gross operating margin | 9900 | €925 | -€1,632 | -€2,557 | |
| Operating profit (loss) | 9901 | -€6,838 | -€4,452 | +€2,386 | +34.9% |
| Financial income | 75/76B | €11,926 | €108 | -€11,818 | -99.1% |
| Recurring financial income | 75 | €62 | €108 | +€46 | +73.3% |
| Non-recurring financial income | 76B | €11,864 | - | -€11,864 | |
| Financial charges | 65/66B | €169 | €251 | +€82 | +48.2% |
| Recurring financial charges | 65 | €169 | €251 | +€82 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €4,919 | -€4,595 | -€9,514 | |
| Income taxes | 67/77 | €2,861 | €502 | -€2,359 | -82.5% |
| Profit (loss) for the period | 9904 | €2,058 | -€5,097 | -€7,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,058 | -€5,097 | -€7,155 |
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 22 October 2026 via checked.be.