LLR MANAGEMENT: 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.
LLR MANAGEMENT
Largest movements
- Cash +€48,108
up €48,108 (+367%), from €13,115 to €61,223
mainly Net result for the year (+€51,232) and Other debts (+€41,744)
- Receivables within one year -€3,563
down €3,563 (-25.4%), from €14,003 to €10,439
of which Other amounts receivable: -€2,465
- Other debts +€41,744
up €41,744 (+154%), from €27,191 to €68,935
- Debts after one year -€25,724
down €25,724 (-25.0%), from €102,849 to €77,124
- Profit (loss) carried forward +€19,232
up €19,232 (+37.1%), from €51,823 to €71,055
- Tax, wage and social debts +€5,514
new in 2025: €5,514
- Short-term financial debts +€3,811
new in 2025: €3,811
- Financial income -€7,665
down €7,665 (-38.0%), from €20,165 to €12,500
- Gross operating margin +€5,971
up €5,971 (+11.1%), from €53,997 to €59,968
- Depreciation -€1,571
down €1,571 (-37.0%), from €4,240 to €2,669
- Financial charges +€1,146
up €1,146 (+22.6%), from €5,061 to €6,207
- Taxes -€690
down €690 (-5.5%), from €12,650 to €11,960
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 | €209,836 | €256,942 | +€47,107 | +22.4% |
| Fixed assets | 21/28 | €181,620 | €181,697 | +€77 | 0.0% |
| Tangible fixed assets | 22/27 | €2,120 | €2,197 | +€77 | +3.6% |
| Furniture and vehicles | 24 | €2,120 | €2,197 | +€77 | +3.6% |
| Financial fixed assets | 28 | €179,500 | €179,500 | = | 0.0% |
| Current assets | 29/58 | €28,216 | €75,245 | +€47,030 | +167% |
| Amounts receivable within one year | 40/41 | €14,003 | €10,439 | -€3,563 | -25.4% |
| Trade receivables | 40 | €1,099 | - | -€1,099 | |
| Other amounts receivable | 41 | €12,904 | €10,439 | -€2,465 | -19.1% |
| Cash at bank and in hand | 54/58 | €13,115 | €61,223 | +€48,108 | +367% |
| Deferred charges and accrued income | 490/1 | €1,098 | €3,583 | +€2,485 | +226% |
| Total equity and liabilities | 10/49 | €209,836 | €256,942 | +€47,107 | +22.4% |
| Equity | 10/15 | €52,823 | €72,055 | +€19,232 | +36.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,823 | €71,055 | +€19,232 | +37.1% |
| Amounts payable | 17/49 | €157,013 | €184,887 | +€27,875 | +17.8% |
| Amounts payable after more than one year | 17 | €102,849 | €77,124 | -€25,724 | -25.0% |
| Financial debts | 170/4 | €102,849 | €77,124 | -€25,724 | -25.0% |
| Amounts payable within one year | 42/48 | €54,164 | €107,763 | +€53,599 | +99.0% |
| Current portion of amounts payable after more than one year | 42 | €24,980 | €25,724 | +€744 | +3.0% |
| Financial debts | 43 | - | €3,811 | +€3,811 | |
| Credit institutions | 430/8 | - | €3,811 | +€3,811 | |
| Trade debts | 44 | €1,993 | €3,778 | +€1,785 | +89.6% |
| Suppliers | 440/4 | €1,993 | €3,778 | +€1,785 | +89.6% |
| Taxes, remuneration and social security | 45 | - | €5,514 | +€5,514 | |
| Taxes | 450/3 | - | €5,514 | +€5,514 | |
| Other amounts payable | 47/48 | €27,191 | €68,935 | +€41,744 | +154% |
| Non-recurring operating income | 76A | - | €15,650 | +€15,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,240 | €2,669 | -€1,571 | -37.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €53,997 | €59,968 | +€5,971 | +11.1% |
| Operating profit (loss) | 9901 | €49,370 | €56,899 | +€7,530 | +15.3% |
| Financial income | 75/76B | €20,165 | €12,500 | -€7,665 | -38.0% |
| Recurring financial income | 75 | €20,165 | €12,500 | -€7,665 | -38.0% |
| Financial charges | 65/66B | €5,061 | €6,207 | +€1,146 | +22.6% |
| Recurring financial charges | 65 | €5,061 | €6,207 | +€1,146 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €64,473 | €63,192 | -€1,281 | -2.0% |
| Income taxes | 67/77 | €12,650 | €11,960 | -€690 | -5.5% |
| Profit (loss) for the period | 9904 | €51,823 | €51,232 | -€591 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,823 | €51,232 | -€591 | -1.1% |
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 16 October 2026 via checked.be.