LONDON EXPERTS: 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 EXPERTS
Largest movements
- Cash +€243,567
up €243,567 (+551%), from €44,201 to €287,768
mainly Current investments (+€200,000) and Net result for the year (+€94,909)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Profit (loss) carried forward +€94,076
up €94,076 (+188%), from €49,914 to €143,990
- Other debts -€39,935
down €39,935 (-97.0%), from €41,164 to €1,229
- Tax, wage and social debts -€13,837
down €13,837 (-98.2%), from €14,087 to €250
- Gross operating margin +€97,614
up €97,614 (+381%), from €25,597 to €123,211
- Taxes +€25,316
up €25,316 (+374%), from €6,767 to €32,083
- Financial income +€3,454
up €3,454 (+159%), from €2,170 to €5,624
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 | €259,716 | €300,061 | +€40,345 | +15.5% |
| Fixed assets | 21/28 | €1,681 | €701 | -€979 | -58.3% |
| Tangible fixed assets | 22/27 | €1,626 | €646 | -€979 | -60.2% |
| Furniture and vehicles | 24 | €1,626 | €646 | -€979 | -60.2% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €258,035 | €299,359 | +€41,324 | +16.0% |
| Amounts receivable within one year | 40/41 | €13,533 | €11,352 | -€2,181 | -16.1% |
| Trade receivables | 40 | €13,000 | €10,310 | -€2,690 | -20.7% |
| Other amounts receivable | 41 | €533 | €1,042 | +€510 | +95.7% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €44,201 | €287,768 | +€243,567 | +551% |
| Deferred charges and accrued income | 490/1 | €301 | €239 | -€62 | -20.6% |
| Total equity and liabilities | 10/49 | €259,716 | €300,061 | +€40,345 | +15.5% |
| Equity | 10/15 | €204,123 | €298,199 | +€94,076 | +46.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €149,209 | €149,209 | = | 0.0% |
| Distributable reserves | 133 | €149,209 | €149,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,914 | €143,990 | +€94,076 | +188% |
| Amounts payable | 17/49 | €55,592 | €1,861 | -€53,731 | -96.7% |
| Amounts payable within one year | 42/48 | €55,592 | €1,861 | -€53,731 | -96.7% |
| Trade debts | 44 | €341 | €382 | +€41 | +12.1% |
| Suppliers | 440/4 | €341 | €382 | +€41 | +12.1% |
| Taxes, remuneration and social security | 45 | €14,087 | €250 | -€13,837 | -98.2% |
| Taxes | 450/3 | €14,087 | €250 | -€13,837 | -98.2% |
| Other amounts payable | 47/48 | €41,164 | €1,229 | -€39,935 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,266 | €1,179 | -€86 | -6.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €25,597 | €123,211 | +€97,614 | +381% |
| Operating profit (loss) | 9901 | €23,944 | €121,632 | +€97,688 | +408% |
| Financial income | 75/76B | €2,170 | €5,624 | +€3,454 | +159% |
| Recurring financial income | 75 | €2,170 | €5,624 | +€3,454 | +159% |
| Financial charges | 65/66B | €176 | €264 | +€88 | +50.0% |
| Recurring financial charges | 65 | €176 | €264 | +€88 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €25,938 | €126,992 | +€101,054 | +390% |
| Income taxes | 67/77 | €6,767 | €32,083 | +€25,316 | +374% |
| Profit (loss) for the period | 9904 | €19,170 | €94,909 | +€75,738 | +395% |
| Profit (loss) for the period to be appropriated | 9905 | €19,170 | €94,909 | +€75,738 | +395% |
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 23 October 2026 via checked.be.