LIST Design: what changed
Two fiscal 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.
LIST Design
Largest movements
- Receivables within one year +€15,202
up €15,202 (+61.0%), from €24,926 to €40,128
of which Trade receivables: +€13,832
- Current investments +€11,999
up €11,999 (+38.8%), from €30,926 to €42,925
- Cash -€6,238
down €6,238 (-14.2%), from €43,966 to €37,728
mainly Contributions, distributions and other (-€57,600) and Receivables within one year (-€15,202)
- Tangible fixed assets -€1,836
down €1,836 (-17.6%), from €10,418 to €8,582
of which Other tangible fixed assets: -€3,000
- Other debts +€59,003
up €59,003 (+236.0%), from €25,000 to €84,003
- Profit (loss) carried forward -€31,421
down €31,421 (-100.0%), from €31,421 to €0
- Tax, wage and social debts -€8,566
down €8,566 (-77.3%), from €11,081 to €2,515
- Gross operating margin -€8,091
down €8,091 (-17.3%), from €46,696 to €38,605
- Financial income +€1,209
up €1,209 (+2176.1%), from €56 to €1,265
- Taxes -€1,204
down €1,204 (-14.6%), from €8,247 to €7,043
- Financial charges -€924
down €924 (-26.3%), from €3,510 to €2,586
- Depreciation +€476
up €476 (+15.5%), from €3,061 to €3,536
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 | €110,333 | €129,459 | +€19,126 | +17.3% |
| Fixed assets | 21/28 | €10,418 | €8,582 | -€1,836 | -17.6% |
| Tangible fixed assets | 22/27 | €10,418 | €8,582 | -€1,836 | -17.6% |
| Plant, machinery and equipment | 23 | - | €1,413 | +€1,413 | |
| Furniture and vehicles | 24 | €1,184 | €935 | -€249 | -21.0% |
| Other tangible fixed assets | 26 | €9,234 | €6,234 | -€3,000 | -32.5% |
| Current assets | 29/58 | €99,915 | €120,878 | +€20,962 | +21.0% |
| Amounts receivable within one year | 40/41 | €24,926 | €40,128 | +€15,202 | +61.0% |
| Trade receivables | 40 | €24,926 | €38,758 | +€13,832 | +55.5% |
| Other amounts receivable | 41 | - | €1,370 | +€1,370 | |
| Current investments | 50/53 | €30,926 | €42,925 | +€11,999 | +38.8% |
| Cash at bank and in hand | 54/58 | €43,966 | €37,728 | -€6,238 | -14.2% |
| Deferred charges and accrued income | 490/1 | €97 | €97 | -€0 | -0.5% |
| Total equity and liabilities | 10/49 | €110,333 | €129,459 | +€19,126 | +17.3% |
| Equity | 10/15 | €62,155 | €30,733 | -€31,421 | -50.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,733 | €28,733 | = | 0.0% |
| Distributable reserves | 133 | €28,733 | €28,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,421 | €0 | -€31,421 | -100.0% |
| Amounts payable | 17/49 | €48,179 | €98,726 | +€50,547 | +104.9% |
| Amounts payable within one year | 42/48 | €46,174 | €96,906 | +€50,733 | +109.9% |
| Trade debts | 44 | €10,093 | €10,388 | +€295 | +2.9% |
| Suppliers | 440/4 | €10,093 | €10,388 | +€295 | +2.9% |
| Taxes, remuneration and social security | 45 | €11,081 | €2,515 | -€8,566 | -77.3% |
| Taxes | 450/3 | €11,081 | €2,515 | -€8,566 | -77.3% |
| Other amounts payable | 47/48 | €25,000 | €84,003 | +€59,003 | +236.0% |
| Accrued charges and deferred income | 492/3 | €2,005 | €1,820 | -€185 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,061 | €3,536 | +€476 | +15.5% |
| Other operating charges | 640/8 | €512 | €526 | +€13 | +2.6% |
| Gross operating margin | 9900 | €46,696 | €38,605 | -€8,091 | -17.3% |
| Operating profit (loss) | 9901 | €43,123 | €34,543 | -€8,580 | -19.9% |
| Financial income | 75/76B | €56 | €1,265 | +€1,209 | +2176.1% |
| Recurring financial income | 75 | €56 | €1,265 | +€1,209 | +2176.1% |
| Financial charges | 65/66B | €3,510 | €2,586 | -€924 | -26.3% |
| Recurring financial charges | 65 | €3,510 | €2,586 | -€924 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €39,668 | €33,222 | -€6,447 | -16.3% |
| Income taxes | 67/77 | €8,247 | €7,043 | -€1,204 | -14.6% |
| Profit (loss) for the period | 9904 | €31,421 | €26,179 | -€5,242 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,421 | €26,179 | -€5,242 | -16.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.