LK: 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.
LK
Largest movements
- Receivables within one year -€4,947
down €4,947 (-7.7%), from €63,932 to €58,986
of which Trade receivables: -€4,697
- Tangible fixed assets -€3,974
down €3,974 (-17.7%), from €22,456 to €18,481
of which Furniture and vehicles: -€7,380
- Cash -€3,460
down €3,460 (-12.1%), from €28,506 to €25,046
mainly Net result for the year (-€11,369) and Trade debts (-€3,843)
- Deferred charges and accrued income -€2,007
no longer reported in 2025 (was €2,007)
- Profit (loss) carried forward -€11,369
down €11,369 (-63.2%), from -€17,988 to -€29,356
- Trade debts -€3,843
down €3,843 (-10.9%), from €35,365 to €31,522
- Other debts +€1,458
up €1,458 (+2.7%), from €53,859 to €55,317
- Gross operating margin -€8,862
down €8,862 (-92.1%), from €9,626 to €764
- Other operating charges +€3,698
up €3,698 (+134%), from €2,761 to €6,459
- Depreciation +€1,039
up €1,039 (+23.4%), from €4,436 to €5,474
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 | €139,162 | €126,069 | -€13,093 | -9.4% |
| Fixed assets | 21/28 | €22,456 | €18,481 | -€3,974 | -17.7% |
| Tangible fixed assets | 22/27 | €22,456 | €18,481 | -€3,974 | -17.7% |
| Land and buildings | 22 | €8,350 | €8,326 | -€24 | -0.3% |
| Plant, machinery and equipment | 23 | €3,730 | €7,159 | +€3,429 | +91.9% |
| Furniture and vehicles | 24 | €10,376 | €2,996 | -€7,380 | -71.1% |
| Current assets | 29/58 | €116,706 | €107,588 | -€9,118 | -7.8% |
| Stocks and contracts in progress | 3 | €22,261 | €23,556 | +€1,295 | +5.8% |
| Stocks | 30/36 | €22,261 | €23,556 | +€1,295 | +5.8% |
| Amounts receivable within one year | 40/41 | €63,932 | €58,986 | -€4,947 | -7.7% |
| Trade receivables | 40 | €36,850 | €32,153 | -€4,697 | -12.7% |
| Other amounts receivable | 41 | €27,082 | €26,832 | -€250 | -0.9% |
| Cash at bank and in hand | 54/58 | €28,506 | €25,046 | -€3,460 | -12.1% |
| Deferred charges and accrued income | 490/1 | €2,007 | - | -€2,007 | |
| Total equity and liabilities | 10/49 | €139,162 | €126,069 | -€13,093 | -9.4% |
| Equity | 10/15 | €18,877 | €7,508 | -€11,369 | -60.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,664 | €30,664 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €28,764 | €28,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,988 | -€29,356 | -€11,369 | -63.2% |
| Amounts payable | 17/49 | €120,285 | €118,561 | -€1,724 | -1.4% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,285 | €88,561 | -€1,724 | -1.9% |
| Trade debts | 44 | €35,365 | €31,522 | -€3,843 | -10.9% |
| Suppliers | 440/4 | €35,365 | €31,522 | -€3,843 | -10.9% |
| Taxes, remuneration and social security | 45 | €1,061 | €1,721 | +€661 | +62.3% |
| Taxes | 450/3 | €1,061 | €1,721 | +€661 | +62.3% |
| Other amounts payable | 47/48 | €53,859 | €55,317 | +€1,458 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,436 | €5,474 | +€1,039 | +23.4% |
| Other operating charges | 640/8 | €2,761 | €6,459 | +€3,698 | +134% |
| Gross operating margin | 9900 | €9,626 | €764 | -€8,862 | -92.1% |
| Operating profit (loss) | 9901 | €2,429 | -€11,170 | -€13,599 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €212 | €198 | -€13 | -6.3% |
| Recurring financial charges | 65 | €212 | €198 | -€13 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €2,217 | -€11,369 | -€13,586 | |
| Profit (loss) for the period | 9904 | €2,217 | -€11,369 | -€13,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,217 | -€11,369 | -€13,586 |
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.