LNA 3: 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.
LNA 3
Largest movements
- Cash +€33,910
up €33,910 (+53.9%), from €62,917 to €96,827
mainly Depreciation (+€16,878) and Trade debts (+€16,605)
- Receivables within one year +€19,086
up €19,086 (+219.0%), from €8,714 to €27,800
- Tangible fixed assets -€16,878
down €16,878 (-36.5%), from €46,242 to €29,364
of which Plant, machinery and equipment: -€13,500
- Trade debts +€16,605
up €16,605 (+182.8%), from €9,085 to €25,690
- Current portion of long-term debt +€13,345
up €13,345 (+88.9%), from €15,017 to €28,362
- Profit (loss) carried forward +€4,353
up €4,353 (+11.1%), from €39,283 to €43,636
- Tax, wage and social debts +€3,613
up €3,613 (+22.0%), from €16,417 to €20,030
- Other debts -€1,917
down €1,917 (-14.3%), from €13,436 to €11,519
- Purchases and services -€161,097
down €161,097 (-24.4%), from €659,307 to €498,210
- Turnover -€142,592
down €142,592 (-21.1%), from €675,657 to €533,065
- Gross operating margin +€18,223
up €18,223 (+134.9%), from €13,508 to €31,731
- Financial income -€15,583
no longer reported in 2025 (was €15,583)
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 | €136,416 | €171,005 | +€34,589 | +25.4% |
| Fixed assets | 21/28 | €49,582 | €32,704 | -€16,878 | -34.0% |
| Tangible fixed assets | 22/27 | €46,242 | €29,364 | -€16,878 | -36.5% |
| Plant, machinery and equipment | 23 | €39,206 | €25,706 | -€13,500 | -34.4% |
| Furniture and vehicles | 24 | €7,036 | €3,658 | -€3,378 | -48.0% |
| Financial fixed assets | 28 | €3,340 | €3,340 | = | 0.0% |
| Current assets | 29/58 | €86,834 | €138,301 | +€51,467 | +59.3% |
| Stocks and contracts in progress | 3 | €10,995 | €9,466 | -€1,529 | -13.9% |
| Stocks | 30/36 | €10,995 | €9,466 | -€1,529 | -13.9% |
| Amounts receivable within one year | 40/41 | €8,714 | €27,800 | +€19,086 | +219.0% |
| Other amounts receivable | 41 | €8,714 | €27,800 | +€19,086 | +219.0% |
| Cash at bank and in hand | 54/58 | €62,917 | €96,827 | +€33,910 | +53.9% |
| Deferred charges and accrued income | 490/1 | €4,208 | €4,208 | = | 0.0% |
| Total equity and liabilities | 10/49 | €136,416 | €171,005 | +€34,589 | +25.4% |
| Equity | 10/15 | €65,233 | €69,586 | +€4,353 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,283 | €43,636 | +€4,353 | +11.1% |
| Investment grants | 15 | €1,350 | €1,350 | = | 0.0% |
| Amounts payable | 17/49 | €71,183 | €101,419 | +€30,236 | +42.5% |
| Amounts payable after more than one year | 17 | €17,228 | €15,818 | -€1,410 | -8.2% |
| Financial debts | 170/4 | €14,504 | €13,094 | -€1,410 | -9.7% |
| Other amounts payable | 178/9 | €2,724 | €2,724 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,955 | €85,601 | +€31,646 | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €15,017 | €28,362 | +€13,345 | +88.9% |
| Trade debts | 44 | €9,085 | €25,690 | +€16,605 | +182.8% |
| Suppliers | 440/4 | €9,085 | €25,690 | +€16,605 | +182.8% |
| Taxes, remuneration and social security | 45 | €16,417 | €20,030 | +€3,613 | +22.0% |
| Taxes | 450/3 | €16,417 | €20,030 | +€3,613 | +22.0% |
| Other amounts payable | 47/48 | €13,436 | €11,519 | -€1,917 | -14.3% |
| Turnover | 70 | €675,657 | €533,065 | -€142,592 | -21.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €659,307 | €498,210 | -€161,097 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,252 | €16,878 | -€374 | -2.2% |
| Other operating charges | 640/8 | €12,539 | €12,648 | +€109 | +0.9% |
| Gross operating margin | 9900 | €13,508 | €31,731 | +€18,223 | +134.9% |
| Operating profit (loss) | 9901 | -€16,283 | €2,205 | +€18,488 | |
| Financial income | 75/76B | €15,583 | - | -€15,583 | |
| Recurring financial income | 75 | €15,583 | - | -€15,583 | |
| Financial charges | 65/66B | €1,643 | €2,561 | +€918 | +55.9% |
| Recurring financial charges | 65 | €1,643 | €2,561 | +€918 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,343 | -€356 | +€1,987 | +84.8% |
| Income taxes | 67/77 | - | -€4,709 | -€4,709 | |
| Profit (loss) for the period | 9904 | -€2,343 | €4,353 | +€6,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,343 | €4,353 | +€6,696 |
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 9 October 2026 via checked.be.