LLN HOLDING: 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 HOLDING
Largest movements
- Receivables within one year -€85,742
down €85,742 (-30.5%), from €281,207 to €195,465
of which Other amounts receivable: -€130,994
- Cash -€28,043
down €28,043 (-81.6%), from €34,357 to €6,314
mainly Other debts (-€125,973) and Debts after one year (-€11,870)
- Other debts -€125,973
down €125,973 (-30.8%), from €409,299 to €283,326
- Financial income -€198,313
down €198,313 (-97.7%), from €203,084 to €4,771
- Depreciation +€5,331
up €5,331 (+23.8%), from €22,355 to €27,686
- Gross operating margin -€4,991
down €4,991 (-9.7%), from €51,416 to €46,426
- Taxes -€1,333
down €1,333 (-19.8%), from €6,751 to €5,418
- Financial charges +€587
up €587 (+15.0%), from €3,925 to €4,512
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 | €1,686,480 | €1,556,454 | -€130,027 | -7.7% |
| Fixed assets | 21/28 | €1,369,207 | €1,353,054 | -€16,152 | -1.2% |
| Tangible fixed assets | 22/27 | €269,357 | €253,204 | -€16,152 | -6.0% |
| Land and buildings | 22 | €113,708 | €111,094 | -€2,613 | -2.3% |
| Plant, machinery and equipment | 23 | €6,761 | €6,688 | -€72 | -1.1% |
| Furniture and vehicles | 24 | €55,990 | €44,729 | -€11,261 | -20.1% |
| Other tangible fixed assets | 26 | €92,898 | €90,692 | -€2,206 | -2.4% |
| Financial fixed assets | 28 | €1,099,850 | €1,099,850 | = | 0.0% |
| Current assets | 29/58 | €317,274 | €203,399 | -€113,874 | -35.9% |
| Amounts receivable within one year | 40/41 | €281,207 | €195,465 | -€85,742 | -30.5% |
| Trade receivables | 40 | €12,731 | €57,983 | +€45,252 | +355% |
| Other amounts receivable | 41 | €268,476 | €137,482 | -€130,994 | -48.8% |
| Cash at bank and in hand | 54/58 | €34,357 | €6,314 | -€28,043 | -81.6% |
| Deferred charges and accrued income | 490/1 | €1,710 | €1,620 | -€89 | -5.2% |
| Total equity and liabilities | 10/49 | €1,686,480 | €1,556,454 | -€130,027 | -7.7% |
| Equity | 10/15 | €1,156,242 | €1,168,983 | +€12,742 | +1.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,131,242 | €1,143,983 | +€12,742 | +1.1% |
| Distributable reserves | 133 | €1,131,242 | €1,143,983 | +€12,742 | +1.1% |
| Amounts payable | 17/49 | €530,239 | €387,471 | -€142,768 | -26.9% |
| Amounts payable after more than one year | 17 | €75,563 | €63,693 | -€11,870 | -15.7% |
| Financial debts | 170/4 | €75,563 | €63,693 | -€11,870 | -15.7% |
| Amounts payable within one year | 42/48 | €454,676 | €323,778 | -€130,899 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €24,880 | €25,861 | +€981 | +3.9% |
| Financial debts | 43 | - | €5,065 | +€5,065 | |
| Credit institutions | 430/8 | - | €5,065 | +€5,065 | |
| Trade debts | 44 | €4,722 | €3,376 | -€1,347 | -28.5% |
| Suppliers | 440/4 | €4,722 | €3,376 | -€1,347 | -28.5% |
| Taxes, remuneration and social security | 45 | €15,775 | €6,150 | -€9,625 | -61.0% |
| Taxes | 450/3 | €15,775 | €6,150 | -€9,625 | -61.0% |
| Other amounts payable | 47/48 | €409,299 | €283,326 | -€125,973 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,355 | €27,686 | +€5,331 | +23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33 | - | -€33 | |
| Other operating charges | 640/8 | €372 | €840 | +€468 | +126% |
| Gross operating margin | 9900 | €51,416 | €46,426 | -€4,991 | -9.7% |
| Operating profit (loss) | 9901 | €28,656 | €17,900 | -€10,756 | -37.5% |
| Financial income | 75/76B | €203,084 | €4,771 | -€198,313 | -97.7% |
| Recurring financial income | 75 | €203,084 | €4,771 | -€198,313 | -97.7% |
| Financial charges | 65/66B | €3,925 | €4,512 | +€587 | +15.0% |
| Recurring financial charges | 65 | €3,925 | €4,512 | +€587 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €227,815 | €18,159 | -€209,656 | -92.0% |
| Income taxes | 67/77 | €6,751 | €5,418 | -€1,333 | -19.8% |
| Profit (loss) for the period | 9904 | €221,064 | €12,742 | -€208,323 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €221,064 | €12,742 | -€208,323 | -94.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.