LLub: 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.
LLub
Largest movements
- Cash +€26,880
up €26,880 (+45.3%), from €59,388 to €86,268
mainly Net result for the year (+€59,229) and Other debts (+€43,352)
- Tangible fixed assets +€2,507
up €2,507 (+64.4%), from €3,896 to €6,403
- Receivables within one year +€1,563
up €1,563 (+7.4%), from €21,044 to €22,607
of which Trade receivables: +€1,213
- Other debts +€43,352
up €43,352 (+226.1%), from €19,170 to €62,522
- Profit (loss) carried forward -€28,395
no longer reported in 2025 (was €28,395)
- Trade debts +€14,670
up €14,670 (+414.9%), from €3,536 to €18,206
- Tax, wage and social debts +€1,429
up €1,429 (+5.5%), from €25,803 to €27,232
- Gross operating margin +€18,154
up €18,154 (+29.5%), from €61,536 to €79,690
- Depreciation -€6,542
down €6,542 (-77.2%), from €8,477 to €1,934
- Taxes +€4,063
up €4,063 (+32.3%), from €12,587 to €16,651
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 | €86,948 | €118,005 | +€31,057 | +35.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,896 | €6,403 | +€2,507 | +64.4% |
| Tangible fixed assets | 22/27 | €3,896 | €6,403 | +€2,507 | +64.4% |
| Furniture and vehicles | 24 | €3,896 | €6,403 | +€2,507 | +64.4% |
| Current assets | 29/58 | €83,052 | €111,601 | +€28,550 | +34.4% |
| Amounts receivable within one year | 40/41 | €21,044 | €22,607 | +€1,563 | +7.4% |
| Trade receivables | 40 | €21,044 | €22,257 | +€1,213 | +5.8% |
| Other amounts receivable | 41 | €0 | €350 | +€349 | +3494900.0% |
| Cash at bank and in hand | 54/58 | €59,388 | €86,268 | +€26,880 | +45.3% |
| Deferred charges and accrued income | 490/1 | €2,619 | €2,726 | +€107 | +4.1% |
| Total equity and liabilities | 10/49 | €86,948 | €118,005 | +€31,057 | +35.7% |
| Equity | 10/15 | €38,395 | €10,000 | -€28,395 | -74.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,395 | - | -€28,395 | |
| Amounts payable | 17/49 | €48,553 | €108,005 | +€59,452 | +122.4% |
| Amounts payable within one year | 42/48 | €48,509 | €107,960 | +€59,451 | +122.6% |
| Trade debts | 44 | €3,536 | €18,206 | +€14,670 | +414.9% |
| Suppliers | 440/4 | €3,536 | €18,206 | +€14,670 | +414.9% |
| Taxes, remuneration and social security | 45 | €25,803 | €27,232 | +€1,429 | +5.5% |
| Taxes | 450/3 | €25,803 | €27,232 | +€1,429 | +5.5% |
| Other amounts payable | 47/48 | €19,170 | €62,522 | +€43,352 | +226.1% |
| Accrued charges and deferred income | 492/3 | €44 | €45 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,477 | €1,934 | -€6,542 | -77.2% |
| Other operating charges | 640/8 | €900 | €929 | +€29 | +3.2% |
| Non-recurring operating charges | 66A | €179 | €522 | +€343 | +191.5% |
| Gross operating margin | 9900 | €61,536 | €79,690 | +€18,154 | +29.5% |
| Operating profit (loss) | 9901 | €51,981 | €76,305 | +€24,324 | +46.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €42 | €427 | +€386 | +926.5% |
| Recurring financial charges | 65 | €42 | €427 | +€386 | +926.5% |
| Profit (loss) for the period before taxes | 9903 | €51,939 | €75,880 | +€23,941 | +46.1% |
| Income taxes | 67/77 | €12,587 | €16,651 | +€4,063 | +32.3% |
| Profit (loss) for the period | 9904 | €39,352 | €59,229 | +€19,877 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,352 | €59,229 | +€19,877 | +50.5% |
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 1 October 2026 via checked.be.