LLX Finance: 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.
What changed
LLX Finance
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€41,181
2024 · -€12,614+€53,795
Equity
€2.6m
2024 · €2.6m+€41,181
Cash
€19,747
2024 · €18,155+€1,592
Balance sheet total
€4.0m
2024 · €3.9m+€40,503
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€51,572
down €51,572 (-100%), from €51,572 to €0
- Other debts +€42,826
up €42,826 (+3.3%), from €1.3m to €1.3m
- Profit (loss) carried forward +€41,181
up €41,181 (+5.4%), from €764,569 to €805,750
Income statement
- Financial income +€42,123
up €42,123, from €0 to €42,123
- Depreciation -€32,600
down €32,600 (-100%), from €32,600 to €0
- Provisions +€20,000
up €20,000, from -€20,000 to €0
- Taxes +€12,636
up €12,636 (+4,816%), from €262 to €12,899
- Financial charges +€11,979
up €11,979 (+14.7%), from €81,498 to €93,478
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.
Result 2024
-€12,614
Gross operating margin
+€9,054
Staff costs
+€2,500
Depreciation
+€32,600
Provisions
-€20,000
Other operating charges
+€2,085
Other operating items
+€10,050
Financial income
+€42,123
Financial charges
-€11,979
Taxes
-€12,636
Result 2025
€41,181
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€67,400
Investment
€0
Financing
-€65,807
Cash 2024
€18,155
From operations (derived)
+€67,400
Net result for the year
+€41,181
Receivables within one year
-€37,614
Deferred charges and accrued income
-€1,297
Trade debts
+€6,029
Tax, wage and social debts
+€16,273
Other debts
+€42,826
Financing
-€65,807
Debts after one year
-€51,572
Current portion of long-term debt
-€14,235
Cash 2025
€19,747
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,942,279 | €3,982,782 | +€40,503 | +1.0% |
| Fixed assets | 21/28 | €3,095,495 | €3,095,495 | = | 0.0% |
| Tangible fixed assets | 22/27 | €434,404 | €434,404 | = | 0.0% |
| Land and buildings | 22 | €356,602 | €356,602 | = | 0.0% |
| Furniture and vehicles | 24 | €77,802 | €77,802 | = | 0.0% |
| Financial fixed assets | 28 | €2,661,090 | €2,661,090 | = | 0.0% |
| Current assets | 29/58 | €846,785 | €887,287 | +€40,503 | +4.8% |
| Amounts receivable within one year | 40/41 | €828,630 | €866,243 | +€37,614 | +4.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €828,630 | €866,243 | +€37,614 | +4.5% |
| Cash at bank and in hand | 54/58 | €18,155 | €19,747 | +€1,592 | +8.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,297 | +€1,297 | |
| Total equity and liabilities | 10/49 | €3,942,279 | €3,982,782 | +€40,503 | +1.0% |
| Equity | 10/15 | €2,571,296 | €2,612,477 | +€41,181 | +1.6% |
| Contributions | 10/11 | €546,400 | €546,400 | = | 0.0% |
| Revaluation surpluses | 12 | €1,254,000 | €1,254,000 | = | 0.0% |
| Reserves | 13 | €6,327 | €6,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,467 | €4,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | €764,569 | €805,750 | +€41,181 | +5.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €1,370,983 | €1,370,305 | -€678 | 0.0% |
| Amounts payable after more than one year | 17 | €51,572 | €0 | -€51,572 | -100% |
| Financial debts | 170/4 | €51,572 | €0 | -€51,572 | -100% |
| Amounts payable within one year | 42/48 | €1,319,411 | €1,370,305 | +€50,894 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €14,235 | €0 | -€14,235 | -100% |
| Trade debts | 44 | €0 | €6,029 | +€6,029 | |
| Suppliers | 440/4 | €0 | €6,029 | +€6,029 | |
| Taxes, remuneration and social security | 45 | €23,757 | €40,030 | +€16,273 | +68.5% |
| Taxes | 450/3 | €23,757 | €40,030 | +€16,273 | +68.5% |
| Other amounts payable | 47/48 | €1,281,419 | €1,324,245 | +€42,826 | +3.3% |
| Remuneration, social security and pensions | 62 | €4,258 | €1,758 | -€2,500 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,600 | €0 | -€32,600 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,000 | €0 | +€20,000 | |
| Other operating charges | 640/8 | €2,599 | €514 | -€2,085 | -80.2% |
| Non-recurring operating charges | 66A | €10,050 | €0 | -€10,050 | -100% |
| Gross operating margin | 9900 | €98,654 | €107,707 | +€9,054 | +9.2% |
| Operating profit (loss) | 9901 | €69,147 | €105,435 | +€36,288 | +52.5% |
| Financial income | 75/76B | €0 | €42,123 | +€42,123 | |
| Recurring financial income | 75 | €0 | €42,123 | +€42,123 | |
| Financial charges | 65/66B | €81,498 | €93,478 | +€11,979 | +14.7% |
| Recurring financial charges | 65 | €81,498 | €93,478 | +€11,979 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,351 | €54,080 | +€66,431 | |
| Income taxes | 67/77 | €262 | €12,899 | +€12,636 | +4,816% |
| Profit (loss) for the period | 9904 | -€12,614 | €41,181 | +€53,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,614 | €41,181 | +€53,795 |
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 29 October 2026 via checked.be.