LLM BOUW: 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.
LLM BOUW
Largest movements
- Stocks and contracts +€722,609
up €722,609 (+2,339%), from €30,891 to €753,500
- Cash +€35,887
up €35,887 (+311%), from €11,549 to €47,435
mainly Debts after one year (+€425,000) and Short-term financial debts (+€310,000)
- Receivables within one year +€13,387
up €13,387 (+93.9%), from €14,257 to €27,644
of which Trade receivables: +€7,688
- Debts after one year +€425,000
new in 2025: €425,000
- Short-term financial debts +€310,000
new in 2025: €310,000
- Trade debts +€40,684
up €40,684 (+361%), from €11,277 to €51,961
- Financial charges +€14,466
up €14,466 (+48,218%), from €30 to €14,496
- Financial income +€9,795
up €9,795 (+97,954,800%), from €0 to €9,795
- Gross operating margin -€1,551
down €1,551 (-91.4%), from €1,697 to €146
- Other operating charges +€280
up €280 (+24.7%), from €1,133 to €1,412
- Taxes -€146
down €146 (-100%), from €146 to €0
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 | €56,696 | €828,579 | +€771,883 | +1,361% |
| Current assets | 29/58 | €56,696 | €828,579 | +€771,883 | +1,361% |
| Stocks and contracts in progress | 3 | €30,891 | €753,500 | +€722,609 | +2,339% |
| Stocks | 30/36 | €30,891 | €753,500 | +€722,609 | +2,339% |
| Amounts receivable within one year | 40/41 | €14,257 | €27,644 | +€13,387 | +93.9% |
| Trade receivables | 40 | €8,400 | €16,088 | +€7,688 | +91.5% |
| Other amounts receivable | 41 | €5,857 | €11,555 | +€5,699 | +97.3% |
| Cash at bank and in hand | 54/58 | €11,549 | €47,435 | +€35,887 | +311% |
| Total equity and liabilities | 10/49 | €56,696 | €828,579 | +€771,883 | +1,361% |
| Equity | 10/15 | €39,940 | €33,973 | -€5,967 | -14.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €9,940 | €9,940 | = | 0.0% |
| Distributable reserves | 133 | €9,940 | €9,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,967 | -€5,967 | |
| Amounts payable | 17/49 | €16,757 | €794,606 | +€777,849 | +4,642% |
| Amounts payable after more than one year | 17 | - | €425,000 | +€425,000 | |
| Financial debts | 170/4 | - | €425,000 | +€425,000 | |
| Amounts payable within one year | 42/48 | €11,582 | €361,961 | +€350,379 | +3,025% |
| Financial debts | 43 | - | €310,000 | +€310,000 | |
| Other loans | 439 | - | €310,000 | +€310,000 | |
| Trade debts | 44 | €11,277 | €51,961 | +€40,684 | +361% |
| Suppliers | 440/4 | €11,277 | €51,961 | +€40,684 | +361% |
| Taxes, remuneration and social security | 45 | €305 | €0 | -€305 | -100% |
| Taxes | 450/3 | €305 | €0 | -€305 | -100% |
| Accrued charges and deferred income | 492/3 | €5,175 | €7,645 | +€2,470 | +47.7% |
| Other operating charges | 640/8 | €1,133 | €1,412 | +€280 | +24.7% |
| Gross operating margin | 9900 | €1,697 | €146 | -€1,551 | -91.4% |
| Operating profit (loss) | 9901 | €564 | -€1,267 | -€1,831 | |
| Financial income | 75/76B | €0 | €9,795 | +€9,795 | +97,954,800% |
| Recurring financial income | 75 | €0 | €9,795 | +€9,795 | +97,954,800% |
| Financial charges | 65/66B | €30 | €14,496 | +€14,466 | +48,218% |
| Recurring financial charges | 65 | €30 | €14,496 | +€14,466 | +48,218% |
| Profit (loss) for the period before taxes | 9903 | €534 | -€5,967 | -€6,501 | |
| Income taxes | 67/77 | €146 | €0 | -€146 | -100% |
| Profit (loss) for the period | 9904 | €389 | -€5,967 | -€6,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €389 | -€5,967 | -€6,355 |
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 18 October 2026 via checked.be.