LLEF: 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.
LLEF
Largest movements
- Cash +€18,565
up €18,565 (+718%), from €2,587 to €21,152
mainly Net result for the year (+€175,338) and Other debts (+€48,450)
- Profit (loss) carried forward +€175,338
up €175,338 (+24.5%), from €715,218 to €890,556
- Debts after one year -€157,522
down €157,522 (-49.8%), from €316,594 to €159,072
- Advances received -€50,000
down €50,000 (-100%), from €50,000 to €0
- Other debts +€48,450
up €48,450 (+51.0%), from €95,000 to €143,450
- Financial charges -€1,424
down €1,424 (-22.6%), from €6,309 to €4,885
- Gross operating margin -€576
down €576 (-2.6%), from €21,797 to €21,221
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.
Derived cash bridge
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 | €1,428,887 | €1,445,902 | +€17,015 | +1.2% |
| Fixed assets | 21/28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Current assets | 29/58 | €28,887 | €45,902 | +€17,015 | +58.9% |
| Amounts receivable within one year | 40/41 | €26,300 | €24,750 | -€1,550 | -5.9% |
| Trade receivables | 40 | €24,750 | €24,750 | = | 0.0% |
| Other amounts receivable | 41 | €1,550 | €0 | -€1,550 | -100% |
| Cash at bank and in hand | 54/58 | €2,587 | €21,152 | +€18,565 | +718% |
| Total equity and liabilities | 10/49 | €1,428,887 | €1,445,902 | +€17,015 | +1.2% |
| Equity | 10/15 | €810,218 | €985,556 | +€175,338 | +21.6% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €715,218 | €890,556 | +€175,338 | +24.5% |
| Amounts payable | 17/49 | €618,669 | €460,347 | -€158,323 | -25.6% |
| Amounts payable after more than one year | 17 | €316,594 | €159,072 | -€157,522 | -49.8% |
| Financial debts | 170/4 | €316,594 | €159,072 | -€157,522 | -49.8% |
| Amounts payable within one year | 42/48 | €301,691 | €301,275 | -€416 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €155,988 | €157,522 | +€1,534 | +1.0% |
| Trade debts | 44 | €702 | €303 | -€400 | -56.9% |
| Suppliers | 440/4 | €702 | €303 | -€400 | -56.9% |
| Advances received on contracts in progress | 46 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts payable | 47/48 | €95,000 | €143,450 | +€48,450 | +51.0% |
| Accrued charges and deferred income | 492/3 | €384 | €0 | -€384 | -100% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €21,797 | €21,221 | -€576 | -2.6% |
| Operating profit (loss) | 9901 | €20,830 | €20,222 | -€607 | -2.9% |
| Financial income | 75/76B | €160,000 | €160,000 | = | 0.0% |
| Recurring financial income | 75 | €160,000 | €160,000 | = | 0.0% |
| Financial charges | 65/66B | €6,309 | €4,885 | -€1,424 | -22.6% |
| Recurring financial charges | 65 | €6,309 | €4,885 | -€1,424 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €174,521 | €175,338 | +€817 | +0.5% |
| Profit (loss) for the period | 9904 | €174,521 | €175,338 | +€817 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €174,521 | €175,338 | +€817 | +0.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.