LEST: 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.
LEST
Largest movements
- Cash -€13,461
down €13,461 (-44.7%), from €30,108 to €16,647
mainly Contributions, distributions and other (-€11,540) and Current portion of long-term debt (-€9,614)
- Receivables after one year -€12,000
down €12,000 (-100.0%), from €12,000 to €0
- Tangible fixed assets -€9,628
down €9,628 (-49.1%), from €19,601 to €9,974
of which Furniture and vehicles: -€8,773
- Receivables within one year +€2,138
up €2,138 (+9.8%), from €21,728 to €23,866
of which Trade receivables: +€3,434
- Reserves -€10,117
down €10,117 (-25.3%), from €39,931 to €29,814
- Current portion of long-term debt -€9,614
down €9,614 (-100.0%), from €9,614 to €0
- Tax, wage and social debts -€9,058
down €9,058 (-45.9%), from €19,718 to €10,659
- Trade debts -€1,698
down €1,698 (-25.9%), from €6,567 to €4,870
- Other debts -€1,665
down €1,665 (-47.4%), from €3,511 to €1,846
- Gross operating margin -€5,356
down €5,356 (-22.3%), from €24,002 to €18,646
- Depreciation -€3,061
down €3,061 (-20.2%), from €15,154 to €12,093
- Other operating charges -€1,463
down €1,463 (-36.5%), from €4,012 to €2,549
- Financial income -€369
down €369 (-65.2%), from €567 to €197
of which Financial income: -€369
- Financial charges -€332
down €332 (-43.0%), from €772 to €440
of which Financial charges: -€332
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 | €85,552 | €53,388 | -€32,163 | -37.6% |
| Fixed assets | 21/28 | €19,601 | €9,974 | -€9,628 | -49.1% |
| Tangible fixed assets | 22/27 | €19,601 | €9,974 | -€9,628 | -49.1% |
| Plant, machinery and equipment | 23 | €383 | €0 | -€383 | -100.0% |
| Furniture and vehicles | 24 | €16,739 | €7,966 | -€8,773 | -52.4% |
| Other tangible fixed assets | 26 | €2,479 | €2,007 | -€472 | -19.0% |
| Current assets | 29/58 | €65,951 | €43,415 | -€22,536 | -34.2% |
| Amounts receivable after more than one year | 29 | €12,000 | €0 | -€12,000 | -100.0% |
| Other amounts receivable | 291 | €12,000 | €0 | -€12,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €21,728 | €23,866 | +€2,138 | +9.8% |
| Trade receivables | 40 | €16,370 | €19,804 | +€3,434 | +21.0% |
| Other amounts receivable | 41 | €5,358 | €4,062 | -€1,295 | -24.2% |
| Cash at bank and in hand | 54/58 | €30,108 | €16,647 | -€13,461 | -44.7% |
| Deferred charges and accrued income | 490/1 | €2,115 | €2,902 | +€787 | +37.2% |
| Total equity and liabilities | 10/49 | €85,552 | €53,388 | -€32,163 | -37.6% |
| Equity | 10/15 | €46,131 | €36,014 | -€10,117 | -21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,931 | €29,814 | -€10,117 | -25.3% |
| Distributable reserves | 133 | €39,931 | €29,814 | -€10,117 | -25.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,421 | €17,375 | -€22,046 | -55.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €39,410 | €17,375 | -€22,035 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €9,614 | €0 | -€9,614 | -100.0% |
| Trade debts | 44 | €6,567 | €4,870 | -€1,698 | -25.9% |
| Suppliers | 440/4 | €6,567 | €4,870 | -€1,698 | -25.9% |
| Taxes, remuneration and social security | 45 | €19,718 | €10,659 | -€9,058 | -45.9% |
| Taxes | 450/3 | €19,718 | €10,659 | -€9,058 | -45.9% |
| Other amounts payable | 47/48 | €3,511 | €1,846 | -€1,665 | -47.4% |
| Accrued charges and deferred income | 492/3 | €11 | €0 | -€11 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,154 | €12,093 | -€3,061 | -20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,012 | €2,549 | -€1,463 | -36.5% |
| Gross operating margin | 9900 | €24,002 | €18,646 | -€5,356 | -22.3% |
| Operating profit (loss) | 9901 | €4,836 | €4,005 | -€832 | -17.2% |
| Financial income | 75/76B | €567 | €197 | -€369 | -65.2% |
| Recurring financial income | 75 | €567 | €197 | -€369 | -65.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €772 | €440 | -€332 | -43.0% |
| Recurring financial charges | 65 | €772 | €440 | -€332 | -43.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €4,631 | €3,762 | -€869 | -18.8% |
| Income taxes | 67/77 | €2,496 | €2,340 | -€156 | -6.2% |
| Profit (loss) for the period | 9904 | €2,136 | €1,422 | -€713 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,136 | €1,422 | -€713 | -33.4% |
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 10 October 2026 via checked.be.