LK Confidential: 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 Confidential
Largest movements
- Cash -€21,812
down €21,812 (-68.4%), from €31,880 to €10,069
mainly Net result for the year (-€16,128) and Tax, wage and social debts (-€3,200)
- Receivables within one year +€869
up €869 (+124%), from €703 to €1,573
of which Trade receivables: +€806
- Tangible fixed assets -€478
down €478 (-85.1%), from €561 to €84
- Profit (loss) carried forward -€16,128
down €16,128 (-81.9%), from €19,700 to €3,572
- Tax, wage and social debts -€3,200
no longer reported in 2025 (was €3,200)
- Trade debts -€2,239
down €2,239 (-34.1%), from €6,563 to €4,324
- Gross operating margin -€31,408
down €31,408, from €15,974 to -€15,433
- Taxes -€3,216
down €3,216 (-99.8%), from €3,221 to €5
- Financial charges -€2,816
down €2,816 (-95.8%), from €2,940 to €124
- Other operating charges -€215
down €215 (-43.7%), from €491 to €276
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 | €33,145 | €11,725 | -€21,420 | -64.6% |
| Fixed assets | 21/28 | €561 | €84 | -€478 | -85.1% |
| Tangible fixed assets | 22/27 | €561 | €84 | -€478 | -85.1% |
| Plant, machinery and equipment | 23 | €561 | €84 | -€478 | -85.1% |
| Current assets | 29/58 | €32,584 | €11,642 | -€20,942 | -64.3% |
| Amounts receivable within one year | 40/41 | €703 | €1,573 | +€869 | +124% |
| Trade receivables | 40 | - | €806 | +€806 | |
| Other amounts receivable | 41 | €703 | €767 | +€64 | +9.1% |
| Cash at bank and in hand | 54/58 | €31,880 | €10,069 | -€21,812 | -68.4% |
| Total equity and liabilities | 10/49 | €33,145 | €11,725 | -€21,420 | -64.6% |
| Equity | 10/15 | €20,200 | €4,072 | -€16,128 | -79.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,700 | €3,572 | -€16,128 | -81.9% |
| Amounts payable | 17/49 | €12,944 | €7,653 | -€5,291 | -40.9% |
| Amounts payable within one year | 42/48 | €12,944 | €7,653 | -€5,291 | -40.9% |
| Trade debts | 44 | €6,563 | €4,324 | -€2,239 | -34.1% |
| Suppliers | 440/4 | €6,563 | €4,324 | -€2,239 | -34.1% |
| Taxes, remuneration and social security | 45 | €3,200 | - | -€3,200 | |
| Taxes | 450/3 | €3,200 | - | -€3,200 | |
| Other amounts payable | 47/48 | €3,182 | €3,330 | +€148 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478 | €478 | = | 0.0% |
| Other operating charges | 640/8 | €491 | €276 | -€215 | -43.7% |
| Gross operating margin | 9900 | €15,974 | -€15,433 | -€31,408 | |
| Operating profit (loss) | 9901 | €15,006 | -€16,187 | -€31,193 | |
| Financial income | 75/76B | €164 | €187 | +€24 | +14.4% |
| Recurring financial income | 75 | €164 | €187 | +€24 | +14.4% |
| Financial charges | 65/66B | €2,940 | €124 | -€2,816 | -95.8% |
| Recurring financial charges | 65 | €2,940 | €124 | -€2,816 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €12,230 | -€16,123 | -€28,353 | |
| Income taxes | 67/77 | €3,221 | €5 | -€3,216 | -99.8% |
| Profit (loss) for the period | 9904 | €9,009 | -€16,128 | -€25,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,009 | -€16,128 | -€25,137 |
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.