LS: 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.
LS
Largest movements
- Receivables within one year -€7,631
down €7,631 (-9.0%), from €85,145 to €77,514
of which Other amounts receivable: -€6,504
- Cash +€5,156
up €5,156 (+77.7%), from €6,639 to €11,795
mainly Net result for the year (+€8,098) and Receivables within one year (+€7,631)
- Advances received -€9,024
no longer reported in 2025 (was €9,024)
- Profit (loss) carried forward +€8,098
up €8,098 (+11.7%), from €68,954 to €77,053
- Trade debts -€1,061
down €1,061 (-73.0%), from €1,455 to €394
- Other operating charges -€36,989
down €36,989 (-97.6%), from €37,910 to €921
- Turnover +€34,892
new in 2025: €34,892
- Purchases and services +€23,657
new in 2025: €23,657
- Gross operating margin -€21,682
down €21,682 (-65.9%), from €32,917 to €11,235
- Financial charges +€500
new in 2025: €500
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 | €98,033 | €96,197 | -€1,836 | -1.9% |
| Fixed assets | 21/28 | €6,249 | €6,888 | +€639 | +10.2% |
| Tangible fixed assets | 22/27 | €6,189 | €6,828 | +€639 | +10.3% |
| Furniture and vehicles | 24 | €6,189 | €6,828 | +€639 | +10.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €91,784 | €89,309 | -€2,475 | -2.7% |
| Amounts receivable within one year | 40/41 | €85,145 | €77,514 | -€7,631 | -9.0% |
| Trade receivables | 40 | €7,141 | €6,014 | -€1,127 | -15.8% |
| Other amounts receivable | 41 | €78,004 | €71,500 | -€6,504 | -8.3% |
| Cash at bank and in hand | 54/58 | €6,639 | €11,795 | +€5,156 | +77.7% |
| Total equity and liabilities | 10/49 | €98,033 | €96,197 | -€1,836 | -1.9% |
| Equity | 10/15 | €87,554 | €95,653 | +€8,098 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €68,954 | €77,053 | +€8,098 | +11.7% |
| Amounts payable | 17/49 | €10,479 | €545 | -€9,934 | -94.8% |
| Amounts payable within one year | 42/48 | €10,479 | €545 | -€9,934 | -94.8% |
| Trade debts | 44 | €1,455 | €394 | -€1,061 | -73.0% |
| Suppliers | 440/4 | €1,455 | €394 | -€1,061 | -73.0% |
| Advances received on contracts in progress | 46 | €9,024 | - | -€9,024 | |
| Taxes, remuneration and social security | 45 | - | €151 | +€151 | |
| Taxes | 450/3 | - | €151 | +€151 | |
| Turnover | 70 | - | €34,892 | +€34,892 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €23,657 | +€23,657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €1,716 | +€16 | +0.9% |
| Other operating charges | 640/8 | €37,910 | €921 | -€36,989 | -97.6% |
| Gross operating margin | 9900 | €32,917 | €11,235 | -€21,682 | -65.9% |
| Operating profit (loss) | 9901 | -€6,693 | €8,598 | +€15,291 | |
| Financial charges | 65/66B | - | €500 | +€500 | |
| Recurring financial charges | 65 | - | €500 | +€500 | |
| Profit (loss) for the period before taxes | 9903 | -€6,693 | €8,098 | +€14,792 | |
| Profit (loss) for the period | 9904 | -€6,693 | €8,098 | +€14,792 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,693 | €8,098 | +€14,792 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.