LF: 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.
LF
Largest movements
- Cash -€6,266
down €6,266 (-85.7%), from €7,309 to €1,043
mainly Tax, wage and social debts (-€8,434) and Other debts (-€5,615)
- Receivables within one year -€4,195
down €4,195 (-61.6%), from €6,807 to €2,611
- Stocks and contracts +€3,043
up €3,043 (+70.0%), from €4,345 to €7,388
- Tangible fixed assets -€831
down €831 (-59.9%), from €1,388 to €557
of which Plant, machinery and equipment: -€420
- Financial fixed assets +€343
up €343 (+5.9%), from €5,778 to €6,121
- Tax, wage and social debts -€8,434
down €8,434 (-79.0%), from €10,681 to €2,246
- Other debts -€5,615
down €5,615 (-88.1%), from €6,374 to €760
- Trade debts +€5,048
up €5,048 (+512%), from €986 to €6,034
- Profit (loss) carried forward +€3,317
up €3,317 (+20.5%), from -€16,182 to -€12,865
- Advances received -€2,622
down €2,622 (-50.7%), from €5,168 to €2,545
- Gross operating margin +€12,062
up €12,062, from -€5,599 to €6,463
- Financial income -€556
down €556 (-99.6%), from €558 to €2
- Depreciation -€420
down €420 (-33.6%), from €1,251 to €831
- Other operating charges +€364
up €364 (+19.8%), from €1,835 to €2,198
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 | €25,627 | €17,720 | -€7,907 | -30.9% |
| Fixed assets | 21/28 | €7,166 | €6,678 | -€488 | -6.8% |
| Tangible fixed assets | 22/27 | €1,388 | €557 | -€831 | -59.9% |
| Plant, machinery and equipment | 23 | €977 | €557 | -€420 | -43.0% |
| Furniture and vehicles | 24 | €411 | - | -€411 | |
| Financial fixed assets | 28 | €5,778 | €6,121 | +€343 | +5.9% |
| Current assets | 29/58 | €18,461 | €11,042 | -€7,419 | -40.2% |
| Stocks and contracts in progress | 3 | €4,345 | €7,388 | +€3,043 | +70.0% |
| Stocks | 30/36 | €4,345 | €7,388 | +€3,043 | +70.0% |
| Amounts receivable within one year | 40/41 | €6,807 | €2,611 | -€4,195 | -61.6% |
| Trade receivables | 40 | €6,807 | €2,611 | -€4,195 | -61.6% |
| Cash at bank and in hand | 54/58 | €7,309 | €1,043 | -€6,266 | -85.7% |
| Total equity and liabilities | 10/49 | €25,627 | €17,720 | -€7,907 | -30.9% |
| Equity | 10/15 | €2,418 | €5,735 | +€3,317 | +137% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,182 | -€12,865 | +€3,317 | +20.5% |
| Amounts payable | 17/49 | €23,209 | €11,985 | -€11,223 | -48.4% |
| Amounts payable within one year | 42/48 | €23,209 | €11,586 | -€11,623 | -50.1% |
| Trade debts | 44 | €986 | €6,034 | +€5,048 | +512% |
| Suppliers | 440/4 | €986 | €6,034 | +€5,048 | +512% |
| Advances received on contracts in progress | 46 | €5,168 | €2,545 | -€2,622 | -50.7% |
| Taxes, remuneration and social security | 45 | €10,681 | €2,246 | -€8,434 | -79.0% |
| Taxes | 450/3 | €10,681 | €2,246 | -€8,434 | -79.0% |
| Other amounts payable | 47/48 | €6,374 | €760 | -€5,615 | -88.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,251 | €831 | -€420 | -33.6% |
| Other operating charges | 640/8 | €1,835 | €2,198 | +€364 | +19.8% |
| Gross operating margin | 9900 | -€5,599 | €6,463 | +€12,062 | |
| Operating profit (loss) | 9901 | -€8,685 | €3,434 | +€12,119 | |
| Financial income | 75/76B | €558 | €2 | -€556 | -99.6% |
| Recurring financial income | 75 | €558 | €2 | -€556 | -99.6% |
| Financial charges | 65/66B | €95 | €119 | +€25 | +26.1% |
| Recurring financial charges | 65 | €95 | €119 | +€25 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,222 | €3,317 | +€11,539 | |
| Profit (loss) for the period | 9904 | -€8,222 | €3,317 | +€11,539 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,222 | €3,317 | +€11,539 |
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 20 October 2026 via checked.be.