LRN Solutions: what changed
Two fiscal 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.
LRN Solutions
Largest movements
- Tangible fixed assets +€612,022
new in 2024: €612,022
- Cash +€30,441
up €30,441 (+181.6%), from €16,760 to €47,201
mainly Debts after one year (+€578,538) and Depreciation (+€87,015)
- Receivables within one year -€29,837
down €29,837 (-61.0%), from €48,904 to €19,067
- Debts after one year +€578,538
new in 2024: €578,538
- Current portion of long-term debt +€32,592
new in 2024: €32,592
- Depreciation +€87,015
new in 2024: €87,015
- Gross operating margin +€36,189
up €36,189 (+61.4%), from €58,953 to €95,142
- Taxes -€10,845
down €10,845 (-90.4%), from €12,000 to €1,155
- Financial charges +€3,276
up €3,276 (+28220.1%), from €12 to €3,288
- Write-downs -€1,400
no longer reported in 2024 (was €1,400)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,664 | €679,075 | +€613,411 | +934.2% |
| Fixed assets | 21/28 | - | €612,022 | +€612,022 | |
| Tangible fixed assets | 22/27 | - | €612,022 | +€612,022 | |
| Land and buildings | 22 | - | €612,022 | +€612,022 | |
| Current assets | 29/58 | €65,664 | €67,053 | +€1,389 | +2.1% |
| Amounts receivable within one year | 40/41 | €48,904 | €19,067 | -€29,837 | -61.0% |
| Trade receivables | 40 | €48,904 | €19,067 | -€29,837 | -61.0% |
| Cash at bank and in hand | 54/58 | €16,760 | €47,201 | +€30,441 | +181.6% |
| Deferred charges and accrued income | 490/1 | - | €785 | +€785 | |
| Total equity and liabilities | 10/49 | €65,664 | €679,075 | +€613,411 | +934.2% |
| Equity | 10/15 | €46,042 | €49,725 | +€3,684 | +8.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,542 | €49,225 | +€3,684 | +8.1% |
| Amounts payable | 17/49 | €19,622 | €629,350 | +€609,727 | +3107.3% |
| Amounts payable after more than one year | 17 | - | €578,538 | +€578,538 | |
| Financial debts | 170/4 | - | €578,538 | +€578,538 | |
| Amounts payable within one year | 42/48 | €19,622 | €50,811 | +€31,189 | +158.9% |
| Current portion of amounts payable after more than one year | 42 | - | €32,592 | +€32,592 | |
| Trade debts | 44 | €5,410 | €312 | -€5,098 | -94.2% |
| Suppliers | 440/4 | €5,410 | €312 | -€5,098 | -94.2% |
| Taxes, remuneration and social security | 45 | €14,212 | €17,579 | +€3,366 | +23.7% |
| Taxes | 450/3 | €14,212 | €17,579 | +€3,366 | +23.7% |
| Other amounts payable | 47/48 | - | €329 | +€329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €87,015 | +€87,015 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,400 | - | -€1,400 | |
| Gross operating margin | 9900 | €58,953 | €95,142 | +€36,189 | +61.4% |
| Operating profit (loss) | 9901 | €57,553 | €8,127 | -€49,426 | -85.9% |
| Financial charges | 65/66B | €12 | €3,288 | +€3,276 | +28220.1% |
| Recurring financial charges | 65 | €12 | €3,288 | +€3,276 | +28220.1% |
| Profit (loss) for the period before taxes | 9903 | €57,542 | €4,839 | -€52,703 | -91.6% |
| Income taxes | 67/77 | €12,000 | €1,155 | -€10,845 | -90.4% |
| Profit (loss) for the period | 9904 | €45,542 | €3,684 | -€41,858 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,542 | €3,684 | -€41,858 | -91.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.