LONDON CALLING !: 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 CALLING !
Largest movements
- Tangible fixed assets -€5,954
down €5,954 (-26.1%), from €22,807 to €16,853
- Receivables within one year -€2,418
down €2,418 (-33.2%), from €7,272 to €4,855
of which Trade receivables: -€7,272
- Cash -€2,388
down €2,388 (-17.6%), from €13,548 to €11,160
mainly Debts after one year (-€12,348) and Tax, wage and social debts (-€7,331)
- Debts after one year -€12,348
down €12,348 (-75.8%), from €16,297 to €3,949
- Short-term financial debts +€8,179
new in 2025: €8,179
- Tax, wage and social debts -€7,331
down €7,331 (-48.3%), from €15,185 to €7,853
- Profit (loss) carried forward +€3,581
up €3,581 (+91.7%), from €3,904 to €7,485
- Current portion of long-term debt -€2,152
down €2,152 (-14.3%), from €15,072 to €12,920
- Gross operating margin -€27,458
down €27,458 (-63.9%), from €42,958 to €15,500
- Other operating charges -€11,763
down €11,763 (-89.2%), from €13,185 to €1,423
- Financial charges -€2,864
down €2,864 (-38.1%), from €7,525 to €4,661
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 | €72,747 | €61,452 | -€11,296 | -15.5% |
| Fixed assets | 21/28 | €28,957 | €23,003 | -€5,954 | -20.6% |
| Tangible fixed assets | 22/27 | €22,807 | €16,853 | -€5,954 | -26.1% |
| Other tangible fixed assets | 26 | €22,807 | €16,853 | -€5,954 | -26.1% |
| Financial fixed assets | 28 | €6,150 | €6,150 | = | 0.0% |
| Current assets | 29/58 | €43,790 | €38,448 | -€5,342 | -12.2% |
| Stocks and contracts in progress | 3 | €2,570 | €2,034 | -€536 | -20.9% |
| Stocks | 30/36 | €2,570 | €2,034 | -€536 | -20.9% |
| Amounts receivable within one year | 40/41 | €7,272 | €4,855 | -€2,418 | -33.2% |
| Trade receivables | 40 | €7,272 | - | -€7,272 | |
| Other amounts receivable | 41 | - | €4,855 | +€4,855 | |
| Current investments | 50/53 | €20,400 | €20,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,548 | €11,160 | -€2,388 | -17.6% |
| Total equity and liabilities | 10/49 | €72,747 | €61,452 | -€11,296 | -15.5% |
| Equity | 10/15 | €18,904 | €22,485 | +€3,581 | +18.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,904 | €7,485 | +€3,581 | +91.7% |
| Amounts payable | 17/49 | €53,843 | €38,966 | -€14,877 | -27.6% |
| Amounts payable after more than one year | 17 | €16,297 | €3,949 | -€12,348 | -75.8% |
| Financial debts | 170/4 | €16,297 | €3,949 | -€12,348 | -75.8% |
| Amounts payable within one year | 42/48 | €36,623 | €35,017 | -€1,605 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €15,072 | €12,920 | -€2,152 | -14.3% |
| Financial debts | 43 | - | €8,179 | +€8,179 | |
| Credit institutions | 430/8 | - | €8,179 | +€8,179 | |
| Trade debts | 44 | €5,125 | €6,065 | +€940 | +18.3% |
| Suppliers | 440/4 | €5,125 | €6,065 | +€940 | +18.3% |
| Taxes, remuneration and social security | 45 | €15,185 | €7,853 | -€7,331 | -48.3% |
| Taxes | 450/3 | €15,185 | €7,853 | -€7,331 | -48.3% |
| Other amounts payable | 47/48 | €1,241 | - | -€1,241 | |
| Accrued charges and deferred income | 492/3 | €923 | - | -€923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,954 | €5,954 | = | 0.0% |
| Other operating charges | 640/8 | €13,185 | €1,423 | -€11,763 | -89.2% |
| Gross operating margin | 9900 | €42,958 | €15,500 | -€27,458 | -63.9% |
| Operating profit (loss) | 9901 | €23,819 | €8,123 | -€15,696 | -65.9% |
| Financial income | 75/76B | - | €118 | +€118 | |
| Recurring financial income | 75 | - | €118 | +€118 | |
| Financial charges | 65/66B | €7,525 | €4,661 | -€2,864 | -38.1% |
| Recurring financial charges | 65 | €7,525 | €4,661 | -€2,864 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €16,294 | €3,581 | -€12,713 | -78.0% |
| Profit (loss) for the period | 9904 | €16,294 | €3,581 | -€12,713 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,294 | €3,581 | -€12,713 | -78.0% |
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 21 October 2026 via checked.be.