LK22: 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.
LK22
Largest movements
- Receivables within one year +€82,178
new in 2025: €82,178
- Tangible fixed assets -€35,155
down €35,155 (-2.4%), from €1.4m to €1.4m
- Other debts -€49,461
down €49,461 (-100.0%), from €49,461 to €0
- Reserves +€45,546
new in 2025: €45,546
- Debts after one year +€38,591
up €38,591 (+2.9%), from €1.3m to €1.4m
- Financial charges -€34,958
down €34,958 (-44.7%), from €78,160 to €43,203
- Gross operating margin +€18,407
up €18,407 (+14.3%), from €128,436 to €146,842
- Taxes +€11,387
new in 2025: €11,387
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 | €1,454,326 | €1,506,329 | +€52,003 | +3.6% |
| Fixed assets | 21/28 | €1,438,747 | €1,403,592 | -€35,155 | -2.4% |
| Tangible fixed assets | 22/27 | €1,438,747 | €1,403,592 | -€35,155 | -2.4% |
| Land and buildings | 22 | €1,438,747 | €1,403,592 | -€35,155 | -2.4% |
| Current assets | 29/58 | €15,580 | €102,738 | +€87,158 | +559.4% |
| Amounts receivable within one year | 40/41 | - | €82,178 | +€82,178 | |
| Other amounts receivable | 41 | - | €82,178 | +€82,178 | |
| Cash at bank and in hand | 54/58 | €15,580 | €13,166 | -€2,413 | -15.5% |
| Deferred charges and accrued income | 490/1 | - | €7,394 | +€7,394 | |
| Total equity and liabilities | 10/49 | €1,454,326 | €1,506,329 | +€52,003 | +3.6% |
| Equity | 10/15 | €657 | €50,546 | +€49,889 | +7590.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €45,546 | +€45,546 | |
| Distributable reserves | 133 | - | €45,546 | +€45,546 | |
| Profit (loss) carried forward | 14 | -€4,343 | €0 | +€4,343 | |
| Amounts payable | 17/49 | €1,453,669 | €1,455,783 | +€2,114 | +0.1% |
| Amounts payable after more than one year | 17 | €1,349,431 | €1,388,021 | +€38,591 | +2.9% |
| Financial debts | 170/4 | €1,349,431 | €1,388,021 | +€38,591 | +2.9% |
| Amounts payable within one year | 42/48 | €104,238 | €67,762 | -€36,477 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €54,778 | €56,375 | +€1,597 | +2.9% |
| Taxes, remuneration and social security | 45 | - | €11,387 | +€11,387 | |
| Taxes | 450/3 | - | €11,387 | +€11,387 | |
| Other amounts payable | 47/48 | €49,461 | €0 | -€49,461 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,155 | €35,155 | = | 0.0% |
| Other operating charges | 640/8 | €7,668 | €8,512 | +€844 | +11.0% |
| Gross operating margin | 9900 | €128,436 | €146,842 | +€18,407 | +14.3% |
| Operating profit (loss) | 9901 | €85,612 | €103,175 | +€17,563 | +20.5% |
| Financial income | 75/76B | - | €1,303 | +€1,303 | |
| Recurring financial income | 75 | - | €1,303 | +€1,303 | |
| Financial charges | 65/66B | €78,160 | €43,203 | -€34,958 | -44.7% |
| Recurring financial charges | 65 | €78,160 | €43,203 | -€34,958 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €7,452 | €61,276 | +€53,824 | +722.3% |
| Income taxes | 67/77 | - | €11,387 | +€11,387 | |
| Profit (loss) for the period | 9904 | €7,452 | €49,889 | +€42,437 | +569.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,452 | €49,889 | +€42,437 | +569.5% |
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 1 October 2026 via checked.be.