LONG COURRIER: 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.
LONG COURRIER
Largest movements
- Stocks and contracts +€16,739
up €16,739 (+25.1%), from €66,762 to €83,501
- Receivables within one year +€16,140
up €16,140 (+146%), from €11,072 to €27,212
of which Trade receivables: +€11,710
- Cash -€5,819
down €5,819 (-5.9%), from €98,022 to €92,203
mainly Stocks and contracts (-€16,739) and Receivables within one year (-€16,140)
- Tangible fixed assets -€5,809
down €5,809 (-23.1%), from €25,190 to €19,380
of which Furniture and vehicles: -€5,809
- Trade debts +€24,502
up €24,502 (+65.3%), from €37,537 to €62,038
- Reserves -€6,284
down €6,284 (-7.3%), from €85,852 to €79,568
- Debts after one year -€5,179
down €5,179 (-28.6%), from €18,101 to €12,922
- Other debts +€4,615
up €4,615 (+14.9%), from €30,871 to €35,485
- Tax, wage and social debts +€4,430
up €4,430 (+33.7%), from €13,159 to €17,589
of which Taxes: +€4,430
- Gross operating margin -€27,804
down €27,804 (-60.0%), from €46,315 to €18,511
- Taxes -€8,515
down €8,515 (-68.9%), from €12,353 to €3,838
- Depreciation +€1,952
up €1,952 (+50.6%), from €3,857 to €5,809
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 | €201,147 | €222,296 | +€21,148 | +10.5% |
| Fixed assets | 21/28 | €25,190 | €19,380 | -€5,809 | -23.1% |
| Tangible fixed assets | 22/27 | €25,190 | €19,380 | -€5,809 | -23.1% |
| Furniture and vehicles | 24 | €25,190 | €19,380 | -€5,809 | -23.1% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €175,958 | €202,915 | +€26,958 | +15.3% |
| Stocks and contracts in progress | 3 | €66,762 | €83,501 | +€16,739 | +25.1% |
| Stocks | 30/36 | €66,762 | €83,501 | +€16,739 | +25.1% |
| Amounts receivable within one year | 40/41 | €11,072 | €27,212 | +€16,140 | +146% |
| Trade receivables | 40 | €11,072 | €22,782 | +€11,710 | +106% |
| Other amounts receivable | 41 | - | €4,430 | +€4,430 | |
| Cash at bank and in hand | 54/58 | €98,022 | €92,203 | -€5,819 | -5.9% |
| Deferred charges and accrued income | 490/1 | €102 | €0 | -€102 | -100% |
| Total equity and liabilities | 10/49 | €201,147 | €222,296 | +€21,148 | +10.5% |
| Equity | 10/15 | €94,150 | €87,866 | -€6,284 | -6.7% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Reserves | 13 | €85,852 | €79,568 | -€6,284 | -7.3% |
| Distributable reserves | 133 | €85,852 | €79,568 | -€6,284 | -7.3% |
| Profit (loss) carried forward | 14 | €5,819 | €5,819 | = | 0.0% |
| Amounts payable | 17/49 | €106,998 | €134,430 | +€27,432 | +25.6% |
| Amounts payable after more than one year | 17 | €18,101 | €12,922 | -€5,179 | -28.6% |
| Financial debts | 170/4 | €18,101 | €12,922 | -€5,179 | -28.6% |
| Amounts payable within one year | 42/48 | €86,886 | €120,292 | +€33,405 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €5,320 | €5,179 | -€140 | -2.6% |
| Trade debts | 44 | €37,537 | €62,038 | +€24,502 | +65.3% |
| Suppliers | 440/4 | €37,537 | €62,038 | +€24,502 | +65.3% |
| Taxes, remuneration and social security | 45 | €13,159 | €17,589 | +€4,430 | +33.7% |
| Taxes | 450/3 | €13,159 | €17,589 | +€4,430 | +33.7% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €30,871 | €35,485 | +€4,615 | +14.9% |
| Accrued charges and deferred income | 492/3 | €2,010 | €1,216 | -€794 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,857 | €5,809 | +€1,952 | +50.6% |
| Other operating charges | 640/8 | €694 | €943 | +€249 | +35.9% |
| Gross operating margin | 9900 | €46,315 | €18,511 | -€27,804 | -60.0% |
| Operating profit (loss) | 9901 | €41,764 | €11,759 | -€30,005 | -71.8% |
| Financial income | 75/76B | €1 | €35 | +€34 | +2,483% |
| Recurring financial income | 75 | €1 | €35 | +€34 | +2,483% |
| Financial charges | 65/66B | €4,047 | €4,240 | +€193 | +4.8% |
| Recurring financial charges | 65 | €4,047 | €4,240 | +€193 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €37,719 | €7,554 | -€30,165 | -80.0% |
| Income taxes | 67/77 | €12,353 | €3,838 | -€8,515 | -68.9% |
| Profit (loss) for the period | 9904 | €25,366 | €3,716 | -€21,650 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,366 | €3,716 | -€21,650 | -85.4% |
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 17 October 2026 via checked.be.