LLN SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Cash -€201,787
no longer reported in 2025 (was €201,787)
mainly Trade debts (-€422,334) and Debts after one year (-€248,998)
- Tangible fixed assets -€184,339
down €184,339 (-3.7%), from €5.0m to €4.8m
of which Land and buildings: -€170,792
- Receivables within one year -€120,994
down €120,994 (-90.1%), from €134,251 to €13,257
of which Trade receivables: -€100,293
- Trade debts -€422,334
down €422,334 (-89.5%), from €472,111 to €49,778
- Debts after one year -€248,998
down €248,998 (-7.7%), from €3.2m to €3.0m
- Profit (loss) carried forward +€164,178
up €164,178 (+23.3%), from €704,063 to €868,241
- Staff costs -€83,048
no longer reported in 2025 (was €83,048)
- Gross operating margin +€77,580
up €77,580 (+13.5%), from €573,722 to €651,302
- Depreciation +€66,104
up €66,104 (+27.3%), from €241,729 to €307,833
- Taxes +€21,369
up €21,369 (+67.7%), from €31,548 to €52,917
- Financial charges +€7,928
up €7,928 (+7.4%), from €106,606 to €114,534
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 | €5,323,254 | €4,812,161 | -€511,094 | -9.6% |
| Fixed assets | 21/28 | €4,961,912 | €4,777,573 | -€184,339 | -3.7% |
| Tangible fixed assets | 22/27 | €4,961,912 | €4,777,573 | -€184,339 | -3.7% |
| Land and buildings | 22 | €4,924,622 | €4,753,830 | -€170,792 | -3.5% |
| Plant, machinery and equipment | 23 | €1,025 | €626 | -€399 | -38.9% |
| Furniture and vehicles | 24 | €11,168 | €7,471 | -€3,697 | -33.1% |
| Other tangible fixed assets | 26 | €25,097 | €15,646 | -€9,451 | -37.7% |
| Current assets | 29/58 | €361,342 | €34,588 | -€326,754 | -90.4% |
| Amounts receivable within one year | 40/41 | €134,251 | €13,257 | -€120,994 | -90.1% |
| Trade receivables | 40 | €110,774 | €10,481 | -€100,293 | -90.5% |
| Other amounts receivable | 41 | €23,477 | €2,776 | -€20,701 | -88.2% |
| Current investments | 50/53 | €14,500 | €14,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €201,787 | - | -€201,787 | |
| Deferred charges and accrued income | 490/1 | €10,803 | €6,830 | -€3,973 | -36.8% |
| Total equity and liabilities | 10/49 | €5,323,254 | €4,812,161 | -€511,094 | -9.6% |
| Equity | 10/15 | €1,348,737 | €1,506,515 | +€157,778 | +11.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64,500 | €64,500 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Own shares acquired | 1312 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €704,063 | €868,241 | +€164,178 | +23.3% |
| Investment grants | 15 | €74,674 | €68,274 | -€6,400 | -8.6% |
| Amounts payable | 17/49 | €3,974,517 | €3,305,646 | -€668,871 | -16.8% |
| Amounts payable after more than one year | 17 | €3,241,094 | €2,992,096 | -€248,998 | -7.7% |
| Financial debts | 170/4 | €3,241,094 | €2,992,096 | -€248,998 | -7.7% |
| Amounts payable within one year | 42/48 | €733,424 | €313,550 | -€419,873 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €242,288 | €248,998 | +€6,710 | +2.8% |
| Financial debts | 43 | - | €14,775 | +€14,775 | |
| Credit institutions | 430/8 | - | €14,775 | +€14,775 | |
| Trade debts | 44 | €472,111 | €49,778 | -€422,334 | -89.5% |
| Suppliers | 440/4 | €472,111 | €49,778 | -€422,334 | -89.5% |
| Taxes, remuneration and social security | 45 | €11,056 | - | -€11,056 | |
| Taxes | 450/3 | €2,056 | - | -€2,056 | |
| Remuneration and social security | 454/9 | €9,001 | - | -€9,001 | |
| Other amounts payable | 47/48 | €7,968 | - | -€7,968 | |
| Remuneration, social security and pensions | 62 | €83,048 | - | -€83,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,729 | €307,833 | +€66,104 | +27.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €665 | - | -€665 | |
| Other operating charges | 640/8 | €18,900 | €18,240 | -€660 | -3.5% |
| Gross operating margin | 9900 | €573,722 | €651,302 | +€77,580 | +13.5% |
| Operating profit (loss) | 9901 | €229,380 | €325,229 | +€95,849 | +41.8% |
| Financial income | 75/76B | €6,478 | €6,400 | -€78 | -1.2% |
| Recurring financial income | 75 | €6,478 | €6,400 | -€78 | -1.2% |
| Financial charges | 65/66B | €106,606 | €114,534 | +€7,928 | +7.4% |
| Recurring financial charges | 65 | €106,606 | €114,534 | +€7,928 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €129,253 | €217,095 | +€87,842 | +68.0% |
| Income taxes | 67/77 | €31,548 | €52,917 | +€21,369 | +67.7% |
| Profit (loss) for the period | 9904 | €97,705 | €164,178 | +€66,473 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,705 | €164,178 | +€66,473 | +68.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.