LN TACK: 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 TACK
Largest movements
- Receivables within one year +€47,876
up €47,876 (+162.1%), from €29,536 to €77,412
of which Other amounts receivable: +€51,434
- Tangible fixed assets -€14,037
down €14,037 (-2.1%), from €664,191 to €650,154
of which Land and buildings: -€12,756
- Reserves +€42,256
up €42,256 (+12.0%), from €352,420 to €394,677
of which Distributable reserves: +€42,256
- Debts after one year -€21,815
down €21,815 (-15.4%), from €141,792 to €119,977
- Trade debts +€13,711
up €13,711 (+416.7%), from €3,290 to €17,002
- Gross operating margin -€4,409
down €4,409 (-4.5%), from €97,013 to €92,603
- Depreciation +€3,147
up €3,147 (+21.0%), from €14,952 to €18,098
- Taxes -€1,984
down €1,984 (-8.3%), from €23,863 to €21,879
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 | €698,948 | €731,745 | +€32,797 | +4.7% |
| Fixed assets | 21/28 | €664,191 | €650,154 | -€14,037 | -2.1% |
| Tangible fixed assets | 22/27 | €664,191 | €650,154 | -€14,037 | -2.1% |
| Land and buildings | 22 | €652,943 | €640,187 | -€12,756 | -2.0% |
| Plant, machinery and equipment | 23 | €2,232 | €1,674 | -€557 | -25.0% |
| Furniture and vehicles | 24 | €4,117 | €3,393 | -€724 | -17.6% |
| Other tangible fixed assets | 26 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €34,757 | €81,591 | +€46,834 | +134.7% |
| Amounts receivable within one year | 40/41 | €29,536 | €77,412 | +€47,876 | +162.1% |
| Trade receivables | 40 | €24,137 | €20,579 | -€3,558 | -14.7% |
| Other amounts receivable | 41 | €5,399 | €56,833 | +€51,434 | +952.6% |
| Current investments | 50/53 | €25 | €25 | +€0 | +1.0% |
| Cash at bank and in hand | 54/58 | €3,103 | €1,881 | -€1,222 | -39.4% |
| Deferred charges and accrued income | 490/1 | €2,092 | €2,273 | +€180 | +8.6% |
| Total equity and liabilities | 10/49 | €698,948 | €731,745 | +€32,797 | +4.7% |
| Equity | 10/15 | €371,170 | €413,427 | +€42,256 | +11.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €352,420 | €394,677 | +€42,256 | +12.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €331,795 | €374,052 | +€42,256 | +12.7% |
| Provisions and deferred taxes | 16 | €121,741 | €121,741 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €121,741 | €121,741 | = | 0.0% |
| Pensions and similar obligations | 160 | €121,741 | €121,741 | = | 0.0% |
| Amounts payable | 17/49 | €206,037 | €196,577 | -€9,459 | -4.6% |
| Amounts payable after more than one year | 17 | €141,792 | €119,977 | -€21,815 | -15.4% |
| Financial debts | 170/4 | €141,792 | €119,977 | -€21,815 | -15.4% |
| Amounts payable within one year | 42/48 | €64,245 | €76,600 | +€12,356 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €21,605 | €21,815 | +€210 | +1.0% |
| Financial debts | 43 | €8,141 | €5,497 | -€2,645 | -32.5% |
| Credit institutions | 430/8 | €8,141 | €5,497 | -€2,645 | -32.5% |
| Trade debts | 44 | €3,290 | €17,002 | +€13,711 | +416.7% |
| Suppliers | 440/4 | €3,290 | €17,002 | +€13,711 | +416.7% |
| Taxes, remuneration and social security | 45 | €25,420 | €21,764 | -€3,657 | -14.4% |
| Taxes | 450/3 | €25,420 | €21,764 | -€3,657 | -14.4% |
| Other amounts payable | 47/48 | €5,787 | €10,523 | +€4,736 | +81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,952 | €18,098 | +€3,147 | +21.0% |
| Other operating charges | 640/8 | €2,626 | €2,126 | -€500 | -19.0% |
| Gross operating margin | 9900 | €97,013 | €92,603 | -€4,409 | -4.5% |
| Operating profit (loss) | 9901 | €79,435 | €72,379 | -€7,056 | -8.9% |
| Financial income | 75/76B | €24 | €7 | -€17 | -71.6% |
| Recurring financial income | 75 | €24 | €7 | -€17 | -71.6% |
| Financial charges | 65/66B | €3,328 | €3,515 | +€186 | +5.6% |
| Recurring financial charges | 65 | €3,328 | €3,515 | +€186 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €76,130 | €68,871 | -€7,259 | -9.5% |
| Income taxes | 67/77 | €23,863 | €21,879 | -€1,984 | -8.3% |
| Profit (loss) for the period | 9904 | €52,267 | €46,992 | -€5,275 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,267 | €46,992 | -€5,275 | -10.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.