LK2: 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.
LK2
Largest movements
- Cash +€54,727
up €54,727 (+281.7%), from €19,430 to €74,156
mainly Depreciation (+€61,034) and Net result for the year (+€8,205)
- Tangible fixed assets -€54,582
down €54,582 (-14.3%), from €380,607 to €326,025
- Receivables within one year +€7,905
up €7,905 (+44.9%), from €17,594 to €25,498
of which Trade receivables: +€12,924
- Profit (loss) carried forward +€8,205
up €8,205 (+2.0%), from -€418,408 to -€410,203
- Depreciation +€8,370
up €8,370 (+15.9%), from €52,664 to €61,034
- Gross operating margin +€1,177
up €1,177 (+1.8%), from €65,649 to €66,827
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 | €512,687 | €524,962 | +€12,274 | +2.4% |
| Fixed assets | 21/28 | €380,607 | €326,025 | -€54,582 | -14.3% |
| Tangible fixed assets | 22/27 | €380,607 | €326,025 | -€54,582 | -14.3% |
| Land and buildings | 22 | €262,212 | €239,522 | -€22,689 | -8.7% |
| Plant, machinery and equipment | 23 | €56,865 | €42,739 | -€14,126 | -24.8% |
| Furniture and vehicles | 24 | €49,347 | €42,765 | -€6,582 | -13.3% |
| Other tangible fixed assets | 26 | €12,183 | €999 | -€11,184 | -91.8% |
| Current assets | 29/58 | €132,080 | €198,936 | +€66,856 | +50.6% |
| Amounts receivable after more than one year | 29 | €84,495 | €84,495 | = | 0.0% |
| Trade receivables | 290 | €84,495 | €84,495 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,594 | €25,498 | +€7,905 | +44.9% |
| Trade receivables | 40 | €12,539 | €25,464 | +€12,924 | +103.1% |
| Other amounts receivable | 41 | €5,054 | €35 | -€5,020 | -99.3% |
| Cash at bank and in hand | 54/58 | €19,430 | €74,156 | +€54,727 | +281.7% |
| Deferred charges and accrued income | 490/1 | €10,562 | €14,787 | +€4,225 | +40.0% |
| Total equity and liabilities | 10/49 | €512,687 | €524,962 | +€12,274 | +2.4% |
| Equity | 10/15 | €119,461 | €127,666 | +€8,205 | +6.9% |
| Contributions | 10/11 | €537,200 | €537,200 | = | 0.0% |
| Reserves | 13 | €669 | €669 | = | 0.0% |
| Non-distributable reserves | 130/1 | €669 | €669 | = | 0.0% |
| Reserves not available under the articles | 1311 | €669 | €669 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,408 | -€410,203 | +€8,205 | +2.0% |
| Amounts payable | 17/49 | €393,226 | €397,295 | +€4,069 | +1.0% |
| Amounts payable after more than one year | 17 | €219,100 | €219,100 | = | 0.0% |
| Financial debts | 170/4 | €219,100 | €219,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €174,126 | €178,195 | +€4,069 | +2.3% |
| Trade debts | 44 | - | €134 | +€134 | |
| Suppliers | 440/4 | - | €134 | +€134 | |
| Taxes, remuneration and social security | 45 | €3,152 | €5,167 | +€2,014 | +63.9% |
| Taxes | 450/3 | €3,152 | €5,167 | +€2,014 | +63.9% |
| Other amounts payable | 47/48 | €170,974 | €172,895 | +€1,921 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,664 | €61,034 | +€8,370 | +15.9% |
| Other operating charges | 640/8 | €1,153 | €1,636 | +€483 | +41.9% |
| Non-recurring operating charges | 66A | €10,098 | - | -€10,098 | |
| Gross operating margin | 9900 | €65,649 | €66,827 | +€1,177 | +1.8% |
| Operating profit (loss) | 9901 | €1,734 | €4,156 | +€2,422 | +139.7% |
| Financial income | 75/76B | €4,225 | €4,272 | +€47 | +1.1% |
| Recurring financial income | 75 | €4,225 | €4,272 | +€47 | +1.1% |
| Financial charges | 65/66B | €35 | €84 | +€49 | +141.3% |
| Recurring financial charges | 65 | €35 | €84 | +€49 | +141.3% |
| Profit (loss) for the period before taxes | 9903 | €5,924 | €8,345 | +€2,421 | +40.9% |
| Income taxes | 67/77 | €273 | €140 | -€134 | -48.9% |
| Profit (loss) for the period | 9904 | €5,651 | €8,205 | +€2,554 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,651 | €8,205 | +€2,554 | +45.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.