LMNOP: 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.
LMNOP
Largest movements
- Cash +€4,005
up €4,005 (+18.6%), from €21,509 to €25,513
mainly Net result for the year (+€33,436) and Other debts (+€9,152)
- Tangible fixed assets +€2,966
new in 2025: €2,966
- Receivables within one year -€765
down €765 (-68.0%), from €1,126 to €361
of which Trade receivables: -€1,000
- Other debts +€9,152
up €9,152 (+70.0%), from €13,071 to €22,222
- Tax, wage and social debts -€2,744
down €2,744 (-34.1%), from €8,045 to €5,301
- Gross operating margin +€3,291
up €3,291 (+7.5%), from €44,086 to €47,377
- Taxes +€761
up €761 (+6.6%), from €11,494 to €12,255
- Financial charges -€738
down €738 (-73.2%), from €1,008 to €270
- Depreciation +€687
new in 2025: €687
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 | €23,290 | €29,534 | +€6,243 | +26.8% |
| Fixed assets | 21/28 | - | €2,966 | +€2,966 | |
| Tangible fixed assets | 22/27 | - | €2,966 | +€2,966 | |
| Furniture and vehicles | 24 | - | €2,966 | +€2,966 | |
| Current assets | 29/58 | €23,290 | €26,568 | +€3,278 | +14.1% |
| Amounts receivable within one year | 40/41 | €1,126 | €361 | -€765 | -68.0% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €126 | €361 | +€235 | +186% |
| Cash at bank and in hand | 54/58 | €21,509 | €25,513 | +€4,005 | +18.6% |
| Deferred charges and accrued income | 490/1 | €656 | €694 | +€38 | +5.9% |
| Total equity and liabilities | 10/49 | €23,290 | €29,534 | +€6,243 | +26.8% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €21,290 | €27,534 | +€6,243 | +29.3% |
| Amounts payable within one year | 42/48 | €21,290 | €27,534 | +€6,243 | +29.3% |
| Trade debts | 44 | €174 | €10 | -€164 | -94.3% |
| Suppliers | 440/4 | €174 | €10 | -€164 | -94.3% |
| Taxes, remuneration and social security | 45 | €8,045 | €5,301 | -€2,744 | -34.1% |
| Taxes | 450/3 | €8,045 | €5,301 | -€2,744 | -34.1% |
| Other amounts payable | 47/48 | €13,071 | €22,222 | +€9,152 | +70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €687 | +€687 | |
| Other operating charges | 640/8 | €918 | €729 | -€189 | -20.6% |
| Gross operating margin | 9900 | €44,086 | €47,377 | +€3,291 | +7.5% |
| Operating profit (loss) | 9901 | €43,168 | €45,961 | +€2,793 | +6.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,008 | €270 | -€738 | -73.2% |
| Recurring financial charges | 65 | €1,008 | €270 | -€738 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €42,161 | €45,691 | +€3,530 | +8.4% |
| Income taxes | 67/77 | €11,494 | €12,255 | +€761 | +6.6% |
| Profit (loss) for the period | 9904 | €30,667 | €33,436 | +€2,769 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,667 | €33,436 | +€2,769 | +9.0% |
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.