LJ: 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.
LJ
Largest movements
- Cash +€144,367
up €144,367 (+63.9%), from €225,924 to €370,291
mainly Net result for the year (+€117,702) and Tax, wage and social debts (+€36,096)
- Tangible fixed assets -€17,758
down €17,758 (-22.5%), from €78,844 to €61,086
of which Furniture and vehicles: -€16,080
- Receivables within one year -€14,485
down €14,485 (-16.5%), from €87,675 to €73,191
of which Trade receivables: -€10,169
- Reserves +€117,702
up €117,702 (+36.0%), from €327,265 to €444,968
of which Distributable reserves: +€117,702
- Trade debts -€59,339
down €59,339 (-98.9%), from €59,973 to €633
- Tax, wage and social debts +€36,096
up €36,096 (+176.3%), from €20,480 to €56,576
of which Taxes: +€32,062
- Other debts +€15,256
up €15,256 (+202.2%), from €7,544 to €22,799
- Gross operating margin +€119,209
up €119,209 (+84.6%), from €140,847 to €260,056
- Taxes +€39,364
up €39,364 (+169.5%), from €23,229 to €62,593
- Staff costs +€15,209
up €15,209 (+33.7%), from €45,196 to €60,405
- Depreciation +€7,273
up €7,273 (+61.2%), from €11,885 to €19,158
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 | €454,013 | €563,728 | +€109,715 | +24.2% |
| Fixed assets | 21/28 | €78,894 | €61,136 | -€17,758 | -22.5% |
| Tangible fixed assets | 22/27 | €78,844 | €61,086 | -€17,758 | -22.5% |
| Plant, machinery and equipment | 23 | €7,640 | €6,077 | -€1,563 | -20.5% |
| Furniture and vehicles | 24 | €70,700 | €54,619 | -€16,080 | -22.7% |
| Other tangible fixed assets | 26 | €504 | €390 | -€114 | -22.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €375,119 | €502,592 | +€127,473 | +34.0% |
| Stocks and contracts in progress | 3 | €61,520 | €59,111 | -€2,409 | -3.9% |
| Stocks | 30/36 | €61,520 | €59,111 | -€2,409 | -3.9% |
| Amounts receivable within one year | 40/41 | €87,675 | €73,191 | -€14,485 | -16.5% |
| Trade receivables | 40 | €77,957 | €67,788 | -€10,169 | -13.0% |
| Other amounts receivable | 41 | €9,718 | €5,402 | -€4,316 | -44.4% |
| Cash at bank and in hand | 54/58 | €225,924 | €370,291 | +€144,367 | +63.9% |
| Total equity and liabilities | 10/49 | €454,013 | €563,728 | +€109,715 | +24.2% |
| Equity | 10/15 | €366,017 | €483,720 | +€117,702 | +32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,265 | €444,968 | +€117,702 | +36.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €325,405 | €443,108 | +€117,702 | +36.2% |
| Profit (loss) carried forward | 14 | €20,152 | €20,152 | = | 0.0% |
| Amounts payable | 17/49 | €87,996 | €80,009 | -€7,987 | -9.1% |
| Amounts payable within one year | 42/48 | €87,996 | €80,009 | -€7,987 | -9.1% |
| Trade debts | 44 | €59,973 | €633 | -€59,339 | -98.9% |
| Suppliers | 440/4 | €59,973 | €633 | -€59,339 | -98.9% |
| Taxes, remuneration and social security | 45 | €20,480 | €56,576 | +€36,096 | +176.3% |
| Taxes | 450/3 | €18,760 | €50,822 | +€32,062 | +170.9% |
| Remuneration and social security | 454/9 | €1,720 | €5,754 | +€4,034 | +234.6% |
| Other amounts payable | 47/48 | €7,544 | €22,799 | +€15,256 | +202.2% |
| Remuneration, social security and pensions | 62 | €45,196 | €60,405 | +€15,209 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,885 | €19,158 | +€7,273 | +61.2% |
| Other operating charges | 640/8 | €404 | €425 | +€21 | +5.3% |
| Gross operating margin | 9900 | €140,847 | €260,056 | +€119,209 | +84.6% |
| Operating profit (loss) | 9901 | €83,362 | €180,068 | +€96,706 | +116.0% |
| Financial income | 75/76B | €24 | €343 | +€319 | +1330.7% |
| Recurring financial income | 75 | €24 | €343 | +€319 | +1330.7% |
| Financial charges | 65/66B | €176 | €116 | -€61 | -34.4% |
| Recurring financial charges | 65 | €176 | €116 | -€61 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €83,209 | €180,295 | +€97,086 | +116.7% |
| Income taxes | 67/77 | €23,229 | €62,593 | +€39,364 | +169.5% |
| Profit (loss) for the period | 9904 | €59,980 | €117,702 | +€57,722 | +96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,980 | €117,702 | +€57,722 | +96.2% |
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.