LR MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€26,291
down €26,291 (-46.0%), from €57,166 to €30,875
of which Other amounts receivable: -€18,695
- Deferred charges and accrued income +€930
new in 2025: €930
- Cash +€723
up €723 (+18.2%), from €3,968 to €4,691
mainly Receivables within one year (+€26,291) and Net result for the year (+€17,670)
- Other debts -€25,500
down €25,500 (-75.0%), from €34,000 to €8,500
- Tax, wage and social debts -€10,189
down €10,189 (-56.0%), from €18,198 to €8,009
of which Taxes: -€10,189
- Profit (loss) carried forward +€7,670
up €7,670 (+256.6%), from €2,989 to €10,659
- Short-term financial debts +€3,525
up €3,525 (+846.0%), from €417 to €3,941
- Gross operating margin +€8,498
up €8,498 (+49.0%), from €17,357 to €25,855
- Taxes +€1,570
up €1,570 (+32.6%), from €4,819 to €6,389
- Financial charges -€608
down €608 (-34.3%), from €1,775 to €1,167
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.
Cash bridge derived
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 | €62,046 | €36,975 | -€25,071 | -40.4% |
| Fixed assets | 21/28 | €911 | €479 | -€433 | -47.5% |
| Tangible fixed assets | 22/27 | €911 | €479 | -€433 | -47.5% |
| Other tangible fixed assets | 26 | €911 | €479 | -€433 | -47.5% |
| Current assets | 29/58 | €61,134 | €36,496 | -€24,639 | -40.3% |
| Amounts receivable within one year | 40/41 | €57,166 | €30,875 | -€26,291 | -46.0% |
| Trade receivables | 40 | €19,097 | €11,500 | -€7,597 | -39.8% |
| Other amounts receivable | 41 | €38,069 | €19,375 | -€18,695 | -49.1% |
| Cash at bank and in hand | 54/58 | €3,968 | €4,691 | +€723 | +18.2% |
| Deferred charges and accrued income | 490/1 | - | €930 | +€930 | |
| Total equity and liabilities | 10/49 | €62,046 | €36,975 | -€25,071 | -40.4% |
| Equity | 10/15 | €4,989 | €12,659 | +€7,670 | +153.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,989 | €10,659 | +€7,670 | +256.6% |
| Amounts payable | 17/49 | €57,057 | €24,316 | -€32,741 | -57.4% |
| Amounts payable within one year | 42/48 | €57,057 | €24,316 | -€32,741 | -57.4% |
| Financial debts | 43 | €417 | €3,941 | +€3,525 | +846.0% |
| Credit institutions | 430/8 | €417 | €3,941 | +€3,525 | +846.0% |
| Trade debts | 44 | €4,443 | €3,866 | -€577 | -13.0% |
| Suppliers | 440/4 | €4,443 | €3,866 | -€577 | -13.0% |
| Taxes, remuneration and social security | 45 | €18,198 | €8,009 | -€10,189 | -56.0% |
| Taxes | 450/3 | €16,198 | €6,009 | -€10,189 | -62.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €34,000 | €8,500 | -€25,500 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €433 | = | 0.0% |
| Other operating charges | 640/8 | €328 | €200 | -€128 | -39.1% |
| Gross operating margin | 9900 | €17,357 | €25,855 | +€8,498 | +49.0% |
| Operating profit (loss) | 9901 | €16,597 | €25,222 | +€8,626 | +52.0% |
| Financial income | 75/76B | €0 | €4 | +€3 | +857.9% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +857.9% |
| Financial charges | 65/66B | €1,775 | €1,167 | -€608 | -34.3% |
| Recurring financial charges | 65 | €1,775 | €1,167 | -€608 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €14,822 | €24,059 | +€9,237 | +62.3% |
| Income taxes | 67/77 | €4,819 | €6,389 | +€1,570 | +32.6% |
| Profit (loss) for the period | 9904 | €10,003 | €17,670 | +€7,667 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,003 | €17,670 | +€7,667 | +76.7% |
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 11 October 2026 via checked.be.