LNL MANAGEMENT: 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.
LNL MANAGEMENT
Largest movements
- Cash +€41,108
up €41,108 (+78.7%), from €52,212 to €93,320
mainly Net result for the year (+€41,627) and Depreciation (+€11,888)
- Tangible fixed assets -€11,888
down €11,888 (-21.0%), from €56,588 to €44,700
- Receivables within one year +€4,394
up €4,394 (+182%), from €2,409 to €6,803
of which Other amounts receivable: +€4,394
- Deferred charges and accrued income +€3,786
up €3,786 (+208%), from €1,821 to €5,607
- Reserves +€41,627
up €41,627 (+51.8%), from €80,323 to €121,950
- Tax, wage and social debts -€4,404
down €4,404 (-34.7%), from €12,692 to €8,288
of which Taxes: -€4,404
- Gross operating margin +€10,176
up €10,176 (+18.3%), from €55,718 to €65,893
- Depreciation +€9,036
up €9,036 (+317%), from €2,851 to €11,888
- Financial charges +€1,046
up €1,046 (+671%), from €156 to €1,202
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 | €113,030 | €150,430 | +€37,400 | +33.1% |
| Fixed assets | 21/28 | €56,588 | €44,700 | -€11,888 | -21.0% |
| Tangible fixed assets | 22/27 | €56,588 | €44,700 | -€11,888 | -21.0% |
| Furniture and vehicles | 24 | €56,588 | €44,700 | -€11,888 | -21.0% |
| Current assets | 29/58 | €56,442 | €105,730 | +€49,288 | +87.3% |
| Amounts receivable within one year | 40/41 | €2,409 | €6,803 | +€4,394 | +182% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,409 | €6,803 | +€4,394 | +182% |
| Cash at bank and in hand | 54/58 | €52,212 | €93,320 | +€41,108 | +78.7% |
| Deferred charges and accrued income | 490/1 | €1,821 | €5,607 | +€3,786 | +208% |
| Total equity and liabilities | 10/49 | €113,030 | €150,430 | +€37,400 | +33.1% |
| Equity | 10/15 | €100,323 | €141,950 | +€41,627 | +41.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €80,323 | €121,950 | +€41,627 | +51.8% |
| Distributable reserves | 133 | €80,323 | €121,950 | +€41,627 | +51.8% |
| Amounts payable | 17/49 | €12,707 | €8,480 | -€4,227 | -33.3% |
| Amounts payable within one year | 42/48 | €12,707 | €8,480 | -€4,227 | -33.3% |
| Trade debts | 44 | €15 | €192 | +€177 | +1,184% |
| Suppliers | 440/4 | €15 | €192 | +€177 | +1,184% |
| Taxes, remuneration and social security | 45 | €12,692 | €8,288 | -€4,404 | -34.7% |
| Taxes | 450/3 | €12,692 | €8,288 | -€4,404 | -34.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,851 | €11,888 | +€9,036 | +317% |
| Other operating charges | 640/8 | €601 | €520 | -€82 | -13.6% |
| Gross operating margin | 9900 | €55,718 | €65,893 | +€10,176 | +18.3% |
| Operating profit (loss) | 9901 | €52,265 | €53,486 | +€1,221 | +2.3% |
| Financial charges | 65/66B | €156 | €1,202 | +€1,046 | +671% |
| Recurring financial charges | 65 | €156 | €1,202 | +€1,046 | +671% |
| Profit (loss) for the period before taxes | 9903 | €52,109 | €52,283 | +€174 | +0.3% |
| Income taxes | 67/77 | €10,494 | €10,656 | +€163 | +1.6% |
| Profit (loss) for the period | 9904 | €41,616 | €41,627 | +€11 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,616 | €41,627 | +€11 | 0.0% |
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 31 October 2026 via checked.be.