LONDON: 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.
LONDON
Largest movements
- Receivables within one year -€83,299
no longer reported in 2025 (was €83,299)
of which Trade receivables: -€79,253
- Cash -€1,396
no longer reported in 2025 (was €1,396)
mainly Other debts (-€61,353) and Net result for the year (-€17,104)
- Other debts -€61,353
down €61,353 (-80.8%), from €75,954 to €14,601
- Profit (loss) carried forward -€17,104
down €17,104 (-138%), from -€12,376 to -€29,481
- Tax, wage and social debts -€5,912
down €5,912 (-74.3%), from €7,958 to €2,045
of which Taxes: -€7,958
- Gross operating margin -€8,846
down €8,846 (-393%), from -€2,248 to -€11,094
- Financial charges +€5,054
up €5,054 (+1,003%), from €504 to €5,558
- Other operating charges +€208
up €208 (+85.4%), from €244 to €452
- Financial income -€141
no longer reported in 2025 (was €141)
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 | €84,695 | - | -€84,695 | |
| Current assets | 29/58 | €84,695 | - | -€84,695 | |
| Amounts receivable within one year | 40/41 | €83,299 | - | -€83,299 | |
| Trade receivables | 40 | €79,253 | - | -€79,253 | |
| Other amounts receivable | 41 | €4,046 | - | -€4,046 | |
| Cash at bank and in hand | 54/58 | €1,396 | - | -€1,396 | |
| Total equity and liabilities | 10/49 | €84,695 | €0 | -€84,695 | -100% |
| Equity | 10/15 | -€2,376 | -€19,481 | -€17,104 | -720% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,376 | -€29,481 | -€17,104 | -138% |
| Amounts payable | 17/49 | €87,071 | €19,481 | -€67,591 | -77.6% |
| Amounts payable within one year | 42/48 | €87,048 | €19,481 | -€67,567 | -77.6% |
| Financial debts | 43 | - | €64 | +€64 | |
| Credit institutions | 430/8 | - | €64 | +€64 | |
| Trade debts | 44 | €3,136 | €2,771 | -€366 | -11.7% |
| Suppliers | 440/4 | €3,136 | €2,771 | -€366 | -11.7% |
| Taxes, remuneration and social security | 45 | €7,958 | €2,045 | -€5,912 | -74.3% |
| Taxes | 450/3 | €7,958 | - | -€7,958 | |
| Remuneration and social security | 454/9 | - | €2,045 | +€2,045 | |
| Other amounts payable | 47/48 | €75,954 | €14,601 | -€61,353 | -80.8% |
| Accrued charges and deferred income | 492/3 | €23 | - | -€23 | |
| Other operating charges | 640/8 | €244 | €452 | +€208 | +85.4% |
| Gross operating margin | 9900 | -€2,248 | -€11,094 | -€8,846 | -393% |
| Operating profit (loss) | 9901 | -€2,492 | -€11,546 | -€9,054 | -363% |
| Financial income | 75/76B | €141 | - | -€141 | |
| Recurring financial income | 75 | €141 | - | -€141 | |
| Financial charges | 65/66B | €504 | €5,558 | +€5,054 | +1,003% |
| Recurring financial charges | 65 | €504 | €5,558 | +€5,054 | +1,003% |
| Profit (loss) for the period before taxes | 9903 | -€2,855 | -€17,104 | -€14,249 | -499% |
| Profit (loss) for the period | 9904 | -€2,855 | -€17,104 | -€14,249 | -499% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,855 | -€17,104 | -€14,249 | -499% |
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 25 October 2026 via checked.be.