LLK MANAGEMENT: 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.
LLK MANAGEMENT
Largest movements
- Receivables within one year +€40,701
up €40,701 (+187%), from €21,820 to €62,521
of which Trade receivables: +€40,701
- Cash -€24,644
down €24,644 (-90.0%), from €27,376 to €2,732
mainly Receivables within one year (-€40,701) and Other debts (-€9,891)
- Deferred charges and accrued income -€2,266
down €2,266 (-36.7%), from €6,182 to €3,915
- Reserves +€20,141
up €20,141 (+76.0%), from €26,505 to €46,646
- Other debts -€9,891
down €9,891 (-61.9%), from €15,978 to €6,087
- Tax, wage and social debts +€1,939
up €1,939 (+14.6%), from €13,260 to €15,199
- Trade debts +€952
up €952 (+40.8%), from €2,333 to €3,285
- Gross operating margin +€35,942
up €35,942 (+599%), from €6,000 to €41,942
- Taxes +€9,607
up €9,607 (+449%), from €2,141 to €11,748
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 | €64,477 | €77,916 | +€13,440 | +20.8% |
| Fixed assets | 21/28 | €9,099 | €8,748 | -€351 | -3.9% |
| Tangible fixed assets | 22/27 | €2,849 | €2,498 | -€351 | -12.3% |
| Plant, machinery and equipment | 23 | €566 | €302 | -€264 | -46.7% |
| Furniture and vehicles | 24 | €2,283 | €2,196 | -€87 | -3.8% |
| Financial fixed assets | 28 | €6,250 | €6,250 | = | 0.0% |
| Current assets | 29/58 | €55,378 | €69,168 | +€13,790 | +24.9% |
| Amounts receivable within one year | 40/41 | €21,820 | €62,521 | +€40,701 | +187% |
| Trade receivables | 40 | €350 | €41,051 | +€40,701 | +11,629% |
| Other amounts receivable | 41 | €21,470 | €21,470 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,376 | €2,732 | -€24,644 | -90.0% |
| Deferred charges and accrued income | 490/1 | €6,182 | €3,915 | -€2,266 | -36.7% |
| Total equity and liabilities | 10/49 | €64,477 | €77,916 | +€13,440 | +20.8% |
| Equity | 10/15 | €32,406 | €52,846 | +€20,439 | +63.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,505 | €46,646 | +€20,141 | +76.0% |
| Distributable reserves | 133 | €26,505 | €46,646 | +€20,141 | +76.0% |
| Profit (loss) carried forward | 14 | -€298 | €0 | +€298 | |
| Amounts payable | 17/49 | €32,070 | €25,071 | -€7,000 | -21.8% |
| Amounts payable within one year | 42/48 | €31,570 | €24,571 | -€7,000 | -22.2% |
| Trade debts | 44 | €2,333 | €3,285 | +€952 | +40.8% |
| Suppliers | 440/4 | €2,333 | €3,285 | +€952 | +40.8% |
| Taxes, remuneration and social security | 45 | €13,260 | €15,199 | +€1,939 | +14.6% |
| Taxes | 450/3 | €13,260 | €15,199 | +€1,939 | +14.6% |
| Other amounts payable | 47/48 | €15,978 | €6,087 | -€9,891 | -61.9% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,708 | €1,641 | -€68 | -4.0% |
| Other operating charges | 640/8 | €1,444 | €1,658 | +€213 | +14.8% |
| Gross operating margin | 9900 | €6,000 | €41,942 | +€35,942 | +599% |
| Operating profit (loss) | 9901 | €2,847 | €38,643 | +€35,796 | +1,257% |
| Financial income | 75/76B | €644 | €644 | = | 0.0% |
| Recurring financial income | 75 | €644 | €644 | = | 0.0% |
| Financial charges | 65/66B | €1,648 | €1,444 | -€205 | -12.4% |
| Recurring financial charges | 65 | €1,648 | €1,444 | -€205 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €1,842 | €37,843 | +€36,001 | +1,954% |
| Income taxes | 67/77 | €2,141 | €11,748 | +€9,607 | +449% |
| Profit (loss) for the period | 9904 | -€298 | €26,096 | +€26,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€298 | €26,096 | +€26,394 |
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.