LL Impact: 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.
LL Impact
Largest movements
- Receivables within one year -€94,035
down €94,035 (-64.5%), from €145,766 to €51,730
of which Trade receivables: -€135,810
- Current investments -€42,526
down €42,526 (-8.4%), from €504,583 to €462,057
- Cash +€26,995
up €26,995 (+168.0%), from €16,065 to €43,060
mainly Receivables within one year (+€94,035) and Net result for the year (+€52,497)
- Deferred charges and accrued income -€9,307
down €9,307 (-98.8%), from €9,420 to €112
- Other debts -€123,231
down €123,231 (-88.1%), from €139,936 to €16,705
- Reserves +€12,497
up €12,497 (+2.5%), from €506,524 to €519,021
- Financial charges +€331,235
up €331,235 (+2855.1%), from €11,602 to €342,836
- Gross operating margin -€221,639
down €221,639 (-54.0%), from €410,514 to €188,876
- Financial income +€212,853
up €212,853 (+1286.4%), from €16,547 to €229,400
- Taxes -€88,686
down €88,686 (-82.1%), from €108,064 to €19,378
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 | €677,746 | €562,401 | -€115,345 | -17.0% |
| Fixed assets | 21/28 | €1,913 | €5,441 | +€3,529 | +184.5% |
| Tangible fixed assets | 22/27 | €1,913 | €5,441 | +€3,529 | +184.5% |
| Plant, machinery and equipment | 23 | €217 | €0 | -€217 | -100.0% |
| Furniture and vehicles | 24 | €1,695 | €5,441 | +€3,746 | +221.0% |
| Current assets | 29/58 | €675,833 | €556,960 | -€118,874 | -17.6% |
| Amounts receivable within one year | 40/41 | €145,766 | €51,730 | -€94,035 | -64.5% |
| Trade receivables | 40 | €135,810 | €0 | -€135,810 | -100.0% |
| Other amounts receivable | 41 | €9,956 | €51,730 | +€41,774 | +419.6% |
| Current investments | 50/53 | €504,583 | €462,057 | -€42,526 | -8.4% |
| Cash at bank and in hand | 54/58 | €16,065 | €43,060 | +€26,995 | +168.0% |
| Deferred charges and accrued income | 490/1 | €9,420 | €112 | -€9,307 | -98.8% |
| Total equity and liabilities | 10/49 | €677,746 | €562,401 | -€115,345 | -17.0% |
| Equity | 10/15 | €525,124 | €537,621 | +€12,497 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €506,524 | €519,021 | +€12,497 | +2.5% |
| Distributable reserves | 133 | €506,524 | €519,021 | +€12,497 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €152,622 | €24,780 | -€127,842 | -83.8% |
| Amounts payable within one year | 42/48 | €152,622 | €24,780 | -€127,842 | -83.8% |
| Financial debts | 43 | €3,249 | €595 | -€2,654 | -81.7% |
| Credit institutions | 430/8 | €3,249 | €0 | -€3,249 | -100.0% |
| Other loans | 439 | - | €595 | +€595 | |
| Trade debts | 44 | €7,437 | €5,480 | -€1,957 | -26.3% |
| Suppliers | 440/4 | €7,437 | €5,480 | -€1,957 | -26.3% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,000 | = | 0.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €139,936 | €16,705 | -€123,231 | -88.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €260,022 | +€260,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €724 | €3,064 | +€2,340 | +323.3% |
| Other operating charges | 640/8 | €485 | €501 | +€16 | +3.2% |
| Gross operating margin | 9900 | €410,514 | €188,876 | -€221,639 | -54.0% |
| Operating profit (loss) | 9901 | €409,306 | €185,311 | -€223,994 | -54.7% |
| Financial income | 75/76B | €16,547 | €229,400 | +€212,853 | +1286.4% |
| Recurring financial income | 75 | €16,547 | €229,400 | +€212,853 | +1286.4% |
| Financial charges | 65/66B | €11,602 | €342,836 | +€331,235 | +2855.1% |
| Recurring financial charges | 65 | €11,602 | €342,836 | +€331,235 | +2855.1% |
| Profit (loss) for the period before taxes | 9903 | €414,251 | €71,874 | -€342,376 | -82.6% |
| Income taxes | 67/77 | €108,064 | €19,378 | -€88,686 | -82.1% |
| Profit (loss) for the period | 9904 | €306,187 | €52,497 | -€253,690 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €306,187 | €52,497 | -€253,690 | -82.9% |
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 3 October 2026 via checked.be.