LN2T TRAINING: 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.
LN2T TRAINING
Largest movements
- Tangible fixed assets +€158,235
up €158,235 (+287.5%), from €55,042 to €213,278
of which Land and buildings: +€175,162
- Cash -€31,829
down €31,829 (-57.4%), from €55,440 to €23,611
mainly Investment in fixed assets (net) (-€180,737) and Trade debts (-€18,760)
- Debts after one year +€149,816
up €149,816 (+796.7%), from €18,805 to €168,621
- Trade debts -€18,760
down €18,760 (-97.6%), from €19,227 to €467
- Tax, wage and social debts -€9,218
down €9,218 (-76.7%), from €12,019 to €2,801
- Current portion of long-term debt +€5,985
up €5,985 (+125.1%), from €4,782 to €10,767
- Profit (loss) carried forward -€3,263
down €3,263 (-9.6%), from €33,924 to €30,661
- Gross operating margin -€38,511
down €38,511 (-59.9%), from €64,341 to €25,829
- Taxes -€8,873
down €8,873 (-97.9%), from €9,060 to €187
- Financial charges +€4,686
up €4,686 (+595.2%), from €787 to €5,473
- Depreciation +€3,053
up €3,053 (+15.7%), from €19,449 to €22,502
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 | €110,482 | €236,973 | +€126,491 | +114.5% |
| Fixed assets | 21/28 | €55,042 | €213,278 | +€158,235 | +287.5% |
| Tangible fixed assets | 22/27 | €55,042 | €213,278 | +€158,235 | +287.5% |
| Land and buildings | 22 | - | €175,162 | +€175,162 | |
| Plant, machinery and equipment | 23 | €40,322 | €24,226 | -€16,097 | -39.9% |
| Furniture and vehicles | 24 | €14,720 | €0 | -€14,720 | -100.0% |
| Other tangible fixed assets | 26 | - | €13,890 | +€13,890 | |
| Current assets | 29/58 | €55,440 | €23,695 | -€31,745 | -57.3% |
| Amounts receivable within one year | 40/41 | €0 | €85 | +€85 | |
| Trade receivables | 40 | €0 | €85 | +€85 | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €55,440 | €23,611 | -€31,829 | -57.4% |
| Total equity and liabilities | 10/49 | €110,482 | €236,973 | +€126,491 | +114.5% |
| Equity | 10/15 | €35,424 | €32,161 | -€3,263 | -9.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,924 | €30,661 | -€3,263 | -9.6% |
| Amounts payable | 17/49 | €75,058 | €204,812 | +€129,754 | +172.9% |
| Amounts payable after more than one year | 17 | €18,805 | €168,621 | +€149,816 | +796.7% |
| Financial debts | 170/4 | €18,805 | €168,621 | +€149,816 | +796.7% |
| Amounts payable within one year | 42/48 | €56,253 | €36,191 | -€20,062 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €4,782 | €10,767 | +€5,985 | +125.1% |
| Trade debts | 44 | €19,227 | €467 | -€18,760 | -97.6% |
| Suppliers | 440/4 | €19,227 | €467 | -€18,760 | -97.6% |
| Taxes, remuneration and social security | 45 | €12,019 | €2,801 | -€9,218 | -76.7% |
| Taxes | 450/3 | €12,019 | €2,801 | -€9,218 | -76.7% |
| Other amounts payable | 47/48 | €20,225 | €22,156 | +€1,931 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,449 | €22,502 | +€3,053 | +15.7% |
| Other operating charges | 640/8 | €1,120 | €931 | -€189 | -16.9% |
| Gross operating margin | 9900 | €64,341 | €25,829 | -€38,511 | -59.9% |
| Operating profit (loss) | 9901 | €43,771 | €2,397 | -€41,375 | -94.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +350.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +350.0% |
| Financial charges | 65/66B | €787 | €5,473 | +€4,686 | +595.2% |
| Recurring financial charges | 65 | €787 | €5,473 | +€4,686 | +595.2% |
| Profit (loss) for the period before taxes | 9903 | €42,984 | -€3,076 | -€46,060 | |
| Income taxes | 67/77 | €9,060 | €187 | -€8,873 | -97.9% |
| Profit (loss) for the period | 9904 | €33,924 | -€3,263 | -€37,187 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,924 | -€3,263 | -€37,187 |
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 4 October 2026 via checked.be.