LLEC: 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.
LLEC
Largest movements
- Cash +€104,405
up €104,405 (+284.9%), from €36,644 to €141,049
mainly Net result for the year (+€172,672) and Tax, wage and social debts (+€57,385)
- Tangible fixed assets +€51,633
up €51,633 (+108.8%), from €47,438 to €99,071
of which Other tangible fixed assets: +€55,541
- Receivables within one year +€49,669
up €49,669 (+118.0%), from €42,076 to €91,745
- Deferred charges and accrued income +€35,810
up €35,810 (+915.4%), from €3,912 to €39,722
- Reserves +€171,006
up €171,006 (+380.6%), from €44,932 to €215,938
- Tax, wage and social debts +€57,385
up €57,385 (+193.2%), from €29,703 to €87,088
of which Taxes: +€52,680
- Accrued charges and deferred income +€19,557
up €19,557 (+898.7%), from €2,176 to €21,733
- Trade debts +€11,691
up €11,691 (+208.9%), from €5,597 to €17,288
- Debts after one year -€11,379
down €11,379 (-40.3%), from €28,244 to €16,865
- Gross operating margin +€176,246
up €176,246 (+257.0%), from €68,578 to €244,824
- Taxes +€39,007
up €39,007 (+333.9%), from €11,684 to €50,691
- Depreciation +€7,097
up €7,097 (+81.6%), from €8,694 to €15,791
- Staff costs +€3,833
new in 2025: €3,833
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 | €130,069 | €374,436 | +€244,367 | +187.9% |
| Fixed assets | 21/28 | €47,438 | €101,921 | +€54,483 | +114.9% |
| Tangible fixed assets | 22/27 | €47,438 | €99,071 | +€51,633 | +108.8% |
| Plant, machinery and equipment | 23 | €5,768 | €4,112 | -€1,656 | -28.7% |
| Furniture and vehicles | 24 | €41,670 | €39,419 | -€2,251 | -5.4% |
| Other tangible fixed assets | 26 | - | €55,541 | +€55,541 | |
| Financial fixed assets | 28 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €82,632 | €272,516 | +€189,884 | +229.8% |
| Amounts receivable within one year | 40/41 | €42,076 | €91,745 | +€49,669 | +118.0% |
| Trade receivables | 40 | €42,076 | €91,745 | +€49,669 | +118.0% |
| Cash at bank and in hand | 54/58 | €36,644 | €141,049 | +€104,405 | +284.9% |
| Deferred charges and accrued income | 490/1 | €3,912 | €39,722 | +€35,810 | +915.4% |
| Total equity and liabilities | 10/49 | €130,069 | €374,436 | +€244,367 | +187.9% |
| Equity | 10/15 | €46,932 | €217,938 | +€171,006 | +364.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €44,932 | €215,938 | +€171,006 | +380.6% |
| Distributable reserves | 133 | €44,932 | €215,938 | +€171,006 | +380.6% |
| Amounts payable | 17/49 | €83,138 | €156,498 | +€73,361 | +88.2% |
| Amounts payable after more than one year | 17 | €28,244 | €16,865 | -€11,379 | -40.3% |
| Financial debts | 170/4 | €28,244 | €16,865 | -€11,379 | -40.3% |
| Amounts payable within one year | 42/48 | €52,718 | €117,900 | +€65,183 | +123.6% |
| Current portion of amounts payable after more than one year | 42 | €10,962 | €12,399 | +€1,437 | +13.1% |
| Trade debts | 44 | €5,597 | €17,288 | +€11,691 | +208.9% |
| Suppliers | 440/4 | €5,597 | €17,288 | +€11,691 | +208.9% |
| Taxes, remuneration and social security | 45 | €29,703 | €87,088 | +€57,385 | +193.2% |
| Taxes | 450/3 | €29,703 | €82,383 | +€52,680 | +177.4% |
| Remuneration and social security | 454/9 | - | €4,705 | +€4,705 | |
| Other amounts payable | 47/48 | €6,455 | €1,125 | -€5,331 | -82.6% |
| Accrued charges and deferred income | 492/3 | €2,176 | €21,733 | +€19,557 | +898.7% |
| Remuneration, social security and pensions | 62 | - | €3,833 | +€3,833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,694 | €15,791 | +€7,097 | +81.6% |
| Other operating charges | 640/8 | €252 | €382 | +€129 | +51.2% |
| Gross operating margin | 9900 | €68,578 | €244,824 | +€176,246 | +257.0% |
| Operating profit (loss) | 9901 | €59,632 | €224,818 | +€165,186 | +277.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €1,298 | €1,455 | +€156 | +12.0% |
| Recurring financial charges | 65 | €1,298 | €1,455 | +€156 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €58,333 | €223,363 | +€165,030 | +282.9% |
| Income taxes | 67/77 | €11,684 | €50,691 | +€39,007 | +333.9% |
| Profit (loss) for the period | 9904 | €46,650 | €172,672 | +€126,022 | +270.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,650 | €172,672 | +€126,022 | +270.1% |
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 5 October 2026 via checked.be.