LN Management: 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.
LN Management
Largest movements
- Receivables within one year +€18,712
up €18,712 (+5.6%), from €333,199 to €351,911
of which Other amounts receivable: +€18,712
- Deferred charges and accrued income +€5,947
up €5,947 (+36.6%), from €16,266 to €22,213
- Reserves -€247,081
no longer reported in 2025 (was €247,081)
- Other debts +€141,443
up €141,443 (+221.2%), from €63,945 to €205,388
- Profit (loss) carried forward +€121,823
new in 2025: €121,823
- Tax, wage and social debts +€7,985
up €7,985 (+23.7%), from €33,740 to €41,725
- Financial income +€5,947
up €5,947 (+36.6%), from €16,266 to €22,213
- Gross operating margin +€5,724
up €5,724 (+4.4%), from €129,815 to €135,540
- Taxes +€2,712
up €2,712 (+8.2%), from €33,126 to €35,838
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 | €349,888 | €374,508 | +€24,620 | +7.0% |
| Current assets | 29/58 | €349,888 | €374,508 | +€24,620 | +7.0% |
| Amounts receivable within one year | 40/41 | €333,199 | €351,911 | +€18,712 | +5.6% |
| Trade receivables | 40 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €318,199 | €336,911 | +€18,712 | +5.9% |
| Cash at bank and in hand | 54/58 | €422 | €383 | -€38 | -9.1% |
| Deferred charges and accrued income | 490/1 | €16,266 | €22,213 | +€5,947 | +36.6% |
| Total equity and liabilities | 10/49 | €349,888 | €374,508 | +€24,620 | +7.0% |
| Equity | 10/15 | €252,081 | €126,823 | -€125,258 | -49.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €247,081 | - | -€247,081 | |
| Distributable reserves | 133 | €247,081 | - | -€247,081 | |
| Profit (loss) carried forward | 14 | - | €121,823 | +€121,823 | |
| Amounts payable | 17/49 | €97,806 | €247,685 | +€149,878 | +153.2% |
| Amounts payable within one year | 42/48 | €97,806 | €247,685 | +€149,878 | +153.2% |
| Trade debts | 44 | €121 | €572 | +€451 | +372.5% |
| Suppliers | 440/4 | €121 | €572 | +€451 | +372.5% |
| Taxes, remuneration and social security | 45 | €33,740 | €41,725 | +€7,985 | +23.7% |
| Taxes | 450/3 | €33,740 | €41,725 | +€7,985 | +23.7% |
| Other amounts payable | 47/48 | €63,945 | €205,388 | +€141,443 | +221.2% |
| Other operating charges | 640/8 | - | €26 | +€26 | |
| Gross operating margin | 9900 | €129,815 | €135,540 | +€5,724 | +4.4% |
| Operating profit (loss) | 9901 | €129,815 | €135,514 | +€5,698 | +4.4% |
| Financial income | 75/76B | €16,266 | €22,213 | +€5,947 | +36.6% |
| Recurring financial income | 75 | €16,266 | €22,213 | +€5,947 | +36.6% |
| Financial charges | 65/66B | €113 | €65 | -€48 | -42.3% |
| Recurring financial charges | 65 | €113 | €65 | -€48 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €145,968 | €157,661 | +€11,693 | +8.0% |
| Income taxes | 67/77 | €33,126 | €35,838 | +€2,712 | +8.2% |
| Profit (loss) for the period | 9904 | €112,842 | €121,823 | +€8,981 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €112,842 | €121,823 | +€8,981 | +8.0% |
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 7 October 2026 via checked.be.