LLJ: 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.
LLJ
Largest movements
- Cash +€34,178
up €34,178 (+318%), from €10,748 to €44,926
mainly Net result for the year (+€36,836) and Other debts (+€36,613)
- Stocks and contracts +€23,600
up €23,600 (+26.2%), from €90,150 to €113,750
- Tangible fixed assets -€10,219
down €10,219 (-11.2%), from €91,337 to €81,118
of which Land and buildings: -€9,270
- Other debts +€36,613
up €36,613 (+242%), from €15,159 to €51,772
- Debts after one year +€17,729
up €17,729 (+55.6%), from €31,911 to €49,640
- Short-term financial debts -€10,037
no longer reported in 2025 (was €10,037)
- Current portion of long-term debt +€6,543
up €6,543 (+42.0%), from €15,584 to €22,128
- Tax, wage and social debts -€3,359
down €3,359 (-22.2%), from €15,122 to €11,764
- Gross operating margin +€15,245
up €15,245 (+23.7%), from €64,361 to €79,606
- Taxes +€4,147
up €4,147 (+44.5%), from €9,319 to €13,466
- Write-downs -€4,100
down €4,100 (-58.6%), from €7,000 to €2,900
- Depreciation -€1,276
down €1,276 (-6.5%), from €19,742 to €18,467
- Other operating charges -€1,100
down €1,100 (-40.6%), from €2,713 to €1,612
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 | €221,485 | €266,646 | +€45,161 | +20.4% |
| Fixed assets | 21/28 | €91,587 | €81,368 | -€10,219 | -11.2% |
| Tangible fixed assets | 22/27 | €91,337 | €81,118 | -€10,219 | -11.2% |
| Land and buildings | 22 | €77,920 | €68,650 | -€9,270 | -11.9% |
| Plant, machinery and equipment | 23 | €1,310 | €551 | -€760 | -58.0% |
| Furniture and vehicles | 24 | €12,107 | €11,917 | -€190 | -1.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €129,898 | €185,279 | +€55,381 | +42.6% |
| Stocks and contracts in progress | 3 | €90,150 | €113,750 | +€23,600 | +26.2% |
| Stocks | 30/36 | €90,150 | €113,750 | +€23,600 | +26.2% |
| Amounts receivable within one year | 40/41 | €26,442 | €25,125 | -€1,317 | -5.0% |
| Trade receivables | 40 | €23,680 | €25,125 | +€1,446 | +6.1% |
| Other amounts receivable | 41 | €2,763 | €0 | -€2,763 | -100% |
| Cash at bank and in hand | 54/58 | €10,748 | €44,926 | +€34,178 | +318% |
| Deferred charges and accrued income | 490/1 | €2,557 | €1,477 | -€1,081 | -42.3% |
| Total equity and liabilities | 10/49 | €221,485 | €266,646 | +€45,161 | +20.4% |
| Equity | 10/15 | €127,108 | €127,108 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,508 | €108,508 | = | 0.0% |
| Distributable reserves | 133 | €108,508 | €108,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,377 | €139,538 | +€45,161 | +47.9% |
| Amounts payable after more than one year | 17 | €31,911 | €49,640 | +€17,729 | +55.6% |
| Financial debts | 170/4 | €31,911 | €49,640 | +€17,729 | +55.6% |
| Amounts payable within one year | 42/48 | €62,452 | €89,884 | +€27,432 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €15,584 | €22,128 | +€6,543 | +42.0% |
| Financial debts | 43 | €10,037 | - | -€10,037 | |
| Credit institutions | 430/8 | €10,037 | - | -€10,037 | |
| Trade debts | 44 | €6,550 | €4,221 | -€2,329 | -35.6% |
| Suppliers | 440/4 | €6,550 | €4,221 | -€2,329 | -35.6% |
| Taxes, remuneration and social security | 45 | €15,122 | €11,764 | -€3,359 | -22.2% |
| Taxes | 450/3 | €15,122 | €11,764 | -€3,359 | -22.2% |
| Other amounts payable | 47/48 | €15,159 | €51,772 | +€36,613 | +242% |
| Accrued charges and deferred income | 492/3 | €14 | €14 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,742 | €18,467 | -€1,276 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,000 | €2,900 | -€4,100 | -58.6% |
| Other operating charges | 640/8 | €2,713 | €1,612 | -€1,100 | -40.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €64,361 | €79,606 | +€15,245 | +23.7% |
| Operating profit (loss) | 9901 | €34,906 | €56,627 | +€21,721 | +62.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,383% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,383% |
| Financial charges | 65/66B | €6,005 | €6,326 | +€321 | +5.4% |
| Recurring financial charges | 65 | €6,005 | €6,326 | +€321 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €28,901 | €50,302 | +€21,401 | +74.0% |
| Income taxes | 67/77 | €9,319 | €13,466 | +€4,147 | +44.5% |
| Profit (loss) for the period | 9904 | €19,582 | €36,836 | +€17,253 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,582 | €36,836 | +€17,253 | +88.1% |
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 14 October 2026 via checked.be.