LLN express: 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.
LLN express
Largest movements
- Tangible fixed assets +€92,234
up €92,234 (+73.1%), from €126,157 to €218,391
of which Leasing and similar rights: +€102,200
- Receivables within one year -€24,796
down €24,796 (-26.3%), from €94,372 to €69,576
of which Other amounts receivable: -€23,548
- Deferred charges and accrued income +€4,017
new in 2025: €4,017
- Cash +€3,840
up €3,840 (+31.4%), from €12,243 to €16,083
mainly Depreciation (+€64,216) and Current portion of long-term debt (+€50,797)
- Current portion of long-term debt +€50,797
new in 2025: €50,797
- Debts after one year +€48,023
up €48,023 (+40.2%), from €119,571 to €167,594
- Profit (loss) carried forward -€26,188
down €26,188 (-40.2%), from €65,108 to €38,920
- Tax, wage and social debts -€7,475
down €7,475 (-22.1%), from €33,770 to €26,295
of which Taxes: -€6,945
- Trade debts +€6,587
up €6,587 (+10455.6%), from €63 to €6,650
- Turnover +€324,221
new in 2025: €324,221
- Purchases and services +€153,105
new in 2025: €153,105
- Depreciation +€25,470
up €25,470 (+65.7%), from €38,746 to €64,216
- Gross operating margin +€25,302
up €25,302 (+17.4%), from €145,814 to €171,116
- Staff costs +€24,659
up €24,659 (+27.4%), from €89,945 to €114,604
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 | €232,772 | €308,067 | +€75,295 | +32.3% |
| Fixed assets | 21/28 | €126,157 | €218,391 | +€92,234 | +73.1% |
| Tangible fixed assets | 22/27 | €126,157 | €218,391 | +€92,234 | +73.1% |
| Furniture and vehicles | 24 | €9,966 | - | -€9,966 | |
| Leasing and similar rights | 25 | €116,191 | €218,391 | +€102,200 | +88.0% |
| Current assets | 29/58 | €106,615 | €89,676 | -€16,939 | -15.9% |
| Amounts receivable within one year | 40/41 | €94,372 | €69,576 | -€24,796 | -26.3% |
| Trade receivables | 40 | €36,456 | €35,208 | -€1,248 | -3.4% |
| Other amounts receivable | 41 | €57,916 | €34,368 | -€23,548 | -40.7% |
| Cash at bank and in hand | 54/58 | €12,243 | €16,083 | +€3,840 | +31.4% |
| Deferred charges and accrued income | 490/1 | - | €4,017 | +€4,017 | |
| Total equity and liabilities | 10/49 | €232,772 | €308,067 | +€75,295 | +32.3% |
| Equity | 10/15 | €79,368 | €53,180 | -€26,188 | -33.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,108 | €38,920 | -€26,188 | -40.2% |
| Amounts payable | 17/49 | €153,404 | €254,887 | +€101,483 | +66.2% |
| Amounts payable after more than one year | 17 | €119,571 | €167,594 | +€48,023 | +40.2% |
| Financial debts | 170/4 | €119,571 | €167,594 | +€48,023 | +40.2% |
| Amounts payable within one year | 42/48 | €33,833 | €87,293 | +€53,460 | +158.0% |
| Current portion of amounts payable after more than one year | 42 | - | €50,797 | +€50,797 | |
| Financial debts | 43 | - | €3,551 | +€3,551 | |
| Credit institutions | 430/8 | - | €3,551 | +€3,551 | |
| Trade debts | 44 | €63 | €6,650 | +€6,587 | +10455.6% |
| Suppliers | 440/4 | €63 | €6,650 | +€6,587 | +10455.6% |
| Taxes, remuneration and social security | 45 | €33,770 | €26,295 | -€7,475 | -22.1% |
| Taxes | 450/3 | €18,427 | €11,482 | -€6,945 | -37.7% |
| Remuneration and social security | 454/9 | €15,343 | €14,813 | -€530 | -3.5% |
| Turnover | 70 | - | €324,221 | +€324,221 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €153,105 | +€153,105 | |
| Remuneration, social security and pensions | 62 | €89,945 | €114,604 | +€24,659 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,746 | €64,216 | +€25,470 | +65.7% |
| Other operating charges | 640/8 | €5,321 | €10,229 | +€4,908 | +92.2% |
| Non-recurring operating charges | 66A | €63 | €566 | +€503 | +798.4% |
| Gross operating margin | 9900 | €145,814 | €171,116 | +€25,302 | +17.4% |
| Operating profit (loss) | 9901 | €11,739 | -€18,499 | -€30,238 | |
| Financial income | 75/76B | €128 | - | -€128 | |
| Recurring financial income | 75 | €128 | - | -€128 | |
| Non-recurring financial income | 76B | €128 | - | -€128 | |
| Financial charges | 65/66B | €5,438 | €8,612 | +€3,174 | +58.4% |
| Recurring financial charges | 65 | €5,438 | €8,612 | +€3,174 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €6,429 | -€27,111 | -€33,540 | |
| Transfer to deferred taxes | 680 | €3,637 | - | -€3,637 | |
| Income taxes | 67/77 | - | -€923 | -€923 | |
| Profit (loss) for the period | 9904 | €2,792 | -€26,188 | -€28,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,792 | -€26,188 | -€28,980 |
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 9 October 2026 via checked.be.