LR Advies: 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.
LR Advies
Largest movements
- Tangible fixed assets -€18,119
down €18,119 (-27.5%), from €65,956 to €47,837
of which Furniture and vehicles: -€12,955
- Cash +€4,800
up €4,800 (+22.9%), from €20,917 to €25,717
mainly Net result for the year (+€52,828) and Depreciation (+€19,369)
- Intangible fixed assets -€1,250
down €1,250 (-32.4%), from €3,854 to €2,604
- Other debts -€17,974
down €17,974 (-19.3%), from €93,344 to €75,370
- Trade debts +€3,214
up €3,214 (+337%), from €954 to €4,168
- Gross operating margin +€30,287
up €30,287 (+47.3%), from €63,983 to €94,270
- Taxes +€7,112
up €7,112 (+56.5%), from €12,592 to €19,705
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 | €123,712 | €110,219 | -€13,492 | -10.9% |
| Fixed assets | 21/28 | €69,810 | €50,441 | -€19,369 | -27.7% |
| Intangible fixed assets | 21 | €3,854 | €2,604 | -€1,250 | -32.4% |
| Tangible fixed assets | 22/27 | €65,956 | €47,837 | -€18,119 | -27.5% |
| Furniture and vehicles | 24 | €50,953 | €37,998 | -€12,955 | -25.4% |
| Other tangible fixed assets | 26 | €15,003 | €9,839 | -€5,164 | -34.4% |
| Current assets | 29/58 | €53,902 | €59,778 | +€5,876 | +10.9% |
| Amounts receivable within one year | 40/41 | €31,228 | €32,344 | +€1,116 | +3.6% |
| Trade receivables | 40 | €25,820 | €32,275 | +€6,455 | +25.0% |
| Other amounts receivable | 41 | €5,408 | €69 | -€5,339 | -98.7% |
| Cash at bank and in hand | 54/58 | €20,917 | €25,717 | +€4,800 | +22.9% |
| Deferred charges and accrued income | 490/1 | €1,757 | €1,718 | -€40 | -2.3% |
| Total equity and liabilities | 10/49 | €123,712 | €110,219 | -€13,492 | -10.9% |
| Equity | 10/15 | €20,040 | €20,040 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €40 | €40 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40 | €40 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40 | €40 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,672 | €90,179 | -€13,492 | -13.0% |
| Amounts payable within one year | 42/48 | €102,760 | €88,905 | -€13,855 | -13.5% |
| Trade debts | 44 | €954 | €4,168 | +€3,214 | +337% |
| Suppliers | 440/4 | €954 | €4,168 | +€3,214 | +337% |
| Taxes, remuneration and social security | 45 | €8,462 | €9,368 | +€905 | +10.7% |
| Taxes | 450/3 | €8,462 | €9,368 | +€905 | +10.7% |
| Other amounts payable | 47/48 | €93,344 | €75,370 | -€17,974 | -19.3% |
| Accrued charges and deferred income | 492/3 | €911 | €1,274 | +€363 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,305 | €19,369 | -€936 | -4.6% |
| Other operating charges | 640/8 | €549 | €856 | +€307 | +55.8% |
| Gross operating margin | 9900 | €63,983 | €94,270 | +€30,287 | +47.3% |
| Operating profit (loss) | 9901 | €43,129 | €74,045 | +€30,917 | +71.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +167% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +167% |
| Financial charges | 65/66B | €1,706 | €1,512 | -€193 | -11.3% |
| Recurring financial charges | 65 | €1,706 | €1,512 | -€193 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €41,423 | €72,533 | +€31,110 | +75.1% |
| Income taxes | 67/77 | €12,592 | €19,705 | +€7,112 | +56.5% |
| Profit (loss) for the period | 9904 | €28,831 | €52,828 | +€23,998 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,831 | €52,828 | +€23,998 | +83.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.