LLOADOUT: 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.
LLOADOUT
Largest movements
- Receivables within one year -€21,780
down €21,780 (-62.1%), from €35,090 to €13,310
of which Trade receivables: -€21,780
- Cash +€9,077
up €9,077 (+34.2%), from €26,516 to €35,592
mainly Net result for the year (+€68,092) and Receivables within one year (+€21,780)
- Reserves +€68,092
up €68,092 (+86.6%), from €78,637 to €146,729
- Other debts -€42,400
down €42,400 (-30.6%), from €138,359 to €95,959
- Trade debts -€20,998
down €20,998 (-89.5%), from €23,472 to €2,474
- Debts after one year -€20,331
down €20,331 (-18.1%), from €112,149 to €91,818
- Gross operating margin +€51,369
up €51,369 (+109.6%), from €46,855 to €98,224
- Taxes +€12,552
up €12,552 (+114.2%), from €10,990 to €23,541
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 | €378,806 | €366,102 | -€12,703 | -3.4% |
| Fixed assets | 21/28 | €315,000 | €315,000 | = | 0.0% |
| Financial fixed assets | 28 | €315,000 | €315,000 | = | 0.0% |
| Current assets | 29/58 | €63,806 | €51,102 | -€12,703 | -19.9% |
| Amounts receivable within one year | 40/41 | €35,090 | €13,310 | -€21,780 | -62.1% |
| Trade receivables | 40 | €35,090 | €13,310 | -€21,780 | -62.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €26,516 | €35,592 | +€9,077 | +34.2% |
| Deferred charges and accrued income | 490/1 | €2,200 | €2,200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €378,806 | €366,102 | -€12,703 | -3.4% |
| Equity | 10/15 | €79,637 | €147,729 | +€68,092 | +85.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €78,637 | €146,729 | +€68,092 | +86.6% |
| Distributable reserves | 133 | €78,637 | €146,729 | +€68,092 | +86.6% |
| Amounts payable | 17/49 | €299,168 | €218,373 | -€80,795 | -27.0% |
| Amounts payable after more than one year | 17 | €112,149 | €91,818 | -€20,331 | -18.1% |
| Financial debts | 170/4 | €112,149 | €91,818 | -€20,331 | -18.1% |
| Amounts payable within one year | 42/48 | €187,019 | €126,555 | -€60,464 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €18,846 | €20,331 | +€1,485 | +7.9% |
| Trade debts | 44 | €23,472 | €2,474 | -€20,998 | -89.5% |
| Suppliers | 440/4 | €23,472 | €2,474 | -€20,998 | -89.5% |
| Taxes, remuneration and social security | 45 | €6,342 | €7,790 | +€1,448 | +22.8% |
| Taxes | 450/3 | €6,342 | €7,790 | +€1,448 | +22.8% |
| Other amounts payable | 47/48 | €138,359 | €95,959 | -€42,400 | -30.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | €284 | +€284 | |
| Gross operating margin | 9900 | €46,855 | €98,224 | +€51,369 | +109.6% |
| Operating profit (loss) | 9901 | €46,855 | €97,940 | +€51,085 | +109.0% |
| Financial income | 75/76B | €111 | €232 | +€121 | +109.4% |
| Recurring financial income | 75 | €111 | €232 | +€121 | +109.4% |
| Financial charges | 65/66B | €6,887 | €6,538 | -€350 | -5.1% |
| Recurring financial charges | 65 | €6,887 | €6,538 | -€350 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €40,078 | €91,634 | +€51,555 | +128.6% |
| Income taxes | 67/77 | €10,990 | €23,541 | +€12,552 | +114.2% |
| Profit (loss) for the period | 9904 | €29,089 | €68,092 | +€39,003 | +134.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,089 | €68,092 | +€39,003 | +134.1% |
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 8 October 2026 via checked.be.