LL CONCEPT: 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.
LL CONCEPT
Largest movements
- Cash -€29,016
down €29,016 (-89.3%), from €32,494 to €3,478
mainly Contributions, distributions and other (-€50,762) and Investment in fixed assets (net) (-€39,698)
- Tangible fixed assets +€28,146
up €28,146 (+100.2%), from €28,094 to €56,240
of which Plant, machinery and equipment: +€36,428
- Deferred charges and accrued income +€11,259
up €11,259 (+142.3%), from €7,915 to €19,174
- Receivables within one year +€3,169
up €3,169 (+11.1%), from €28,492 to €31,662
of which Other amounts receivable: +€4,908
- Other debts +€67,256
up €67,256 (+229.2%), from €29,350 to €96,606
- Profit (loss) carried forward -€46,926
down €46,926 (-100.0%), from €46,926 to €0
- Trade debts -€4,390
down €4,390 (-29.7%), from €14,798 to €10,407
- Tax, wage and social debts -€2,632
down €2,632 (-87.5%), from €3,006 to €375
of which Taxes: -€3,006
- Gross operating margin -€15,820
down €15,820 (-44.2%), from €35,787 to €19,967
- Taxes -€4,018
down €4,018 (-92.5%), from €4,345 to €327
- Staff costs +€2,162
new in 2025: €2,162
- Financial charges -€1,426
down €1,426 (-62.1%), from €2,296 to €869
- Depreciation -€423
down €423 (-3.5%), from €12,225 to €11,803
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 | €98,579 | €111,888 | +€13,309 | +13.5% |
| Fixed assets | 21/28 | €29,678 | €57,574 | +€27,896 | +94.0% |
| Intangible fixed assets | 21 | €1,584 | €1,334 | -€250 | -15.8% |
| Tangible fixed assets | 22/27 | €28,094 | €56,240 | +€28,146 | +100.2% |
| Plant, machinery and equipment | 23 | €17,399 | €53,826 | +€36,428 | +209.4% |
| Furniture and vehicles | 24 | €10,695 | €2,413 | -€8,282 | -77.4% |
| Current assets | 29/58 | €68,901 | €54,314 | -€14,587 | -21.2% |
| Amounts receivable within one year | 40/41 | €28,492 | €31,662 | +€3,169 | +11.1% |
| Trade receivables | 40 | €27,166 | €25,427 | -€1,739 | -6.4% |
| Other amounts receivable | 41 | €1,326 | €6,235 | +€4,908 | +370.1% |
| Cash at bank and in hand | 54/58 | €32,494 | €3,478 | -€29,016 | -89.3% |
| Deferred charges and accrued income | 490/1 | €7,915 | €19,174 | +€11,259 | +142.3% |
| Total equity and liabilities | 10/49 | €98,579 | €111,888 | +€13,309 | +13.5% |
| Equity | 10/15 | €49,926 | €3,000 | -€46,926 | -94.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,926 | €0 | -€46,926 | -100.0% |
| Amounts payable | 17/49 | €48,653 | €108,888 | +€60,234 | +123.8% |
| Amounts payable within one year | 42/48 | €47,153 | €107,388 | +€60,234 | +127.7% |
| Trade debts | 44 | €14,798 | €10,407 | -€4,390 | -29.7% |
| Suppliers | 440/4 | €14,798 | €10,407 | -€4,390 | -29.7% |
| Taxes, remuneration and social security | 45 | €3,006 | €375 | -€2,632 | -87.5% |
| Taxes | 450/3 | €3,006 | €0 | -€3,006 | -100.0% |
| Remuneration and social security | 454/9 | - | €375 | +€375 | |
| Other amounts payable | 47/48 | €29,350 | €96,606 | +€67,256 | +229.2% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €9,036 | +€9,036 | |
| Remuneration, social security and pensions | 62 | - | €2,162 | +€2,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,225 | €11,803 | -€423 | -3.5% |
| Other operating charges | 640/8 | €697 | €970 | +€273 | +39.2% |
| Gross operating margin | 9900 | €35,787 | €19,967 | -€15,820 | -44.2% |
| Operating profit (loss) | 9901 | €22,865 | €5,032 | -€17,833 | -78.0% |
| Financial income | 75/76B | €5 | €1 | -€5 | -88.4% |
| Recurring financial income | 75 | €5 | €1 | -€5 | -88.4% |
| Financial charges | 65/66B | €2,296 | €869 | -€1,426 | -62.1% |
| Recurring financial charges | 65 | €2,296 | €869 | -€1,426 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €20,575 | €4,163 | -€16,412 | -79.8% |
| Income taxes | 67/77 | €4,345 | €327 | -€4,018 | -92.5% |
| Profit (loss) for the period | 9904 | €16,230 | €3,836 | -€12,394 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,230 | €3,836 | -€12,394 | -76.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.