LS-11: what changed
What changed
LS-11
filed annual accounts (NBB)
Net result for the year
-€18,431
2024 · -€18,330-€101
Equity
€50,271
2024 · €68,702-€18,431
Cash
€2,058
2024 · €2,873-€814
Balance sheet total
€273,871
2024 · €289,702-€15,831
Largest movements
Assets
- Tangible fixed assets -€15,017
down €15,017 (-5.2%), from €286,830 to €271,813
Equity and liabilities
- Profit (loss) carried forward -€18,431
down €18,431 (-33.6%), from -€54,898 to -€73,329
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€18,330
Other operating charges
-€100
Financial charges
-€2
Result 2025
-€18,431
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3,414
Investment
€0
Financing
+€2,600
Cash 2024
€2,873
From operations (derived)
-€3,414
Net result for the year
-€18,431
Depreciation
+€15,017
Financing
+€2,600
Debts after one year
+€2,600
Cash 2025
€2,058
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,702 | €273,871 | -€15,831 | -5.5% |
| Fixed assets | 21/28 | €286,830 | €271,813 | -€15,017 | -5.2% |
| Tangible fixed assets | 22/27 | €286,830 | €271,813 | -€15,017 | -5.2% |
| Land and buildings | 22 | €286,830 | €271,813 | -€15,017 | -5.2% |
| Current assets | 29/58 | €2,873 | €2,058 | -€814 | -28.3% |
| Cash at bank and in hand | 54/58 | €2,873 | €2,058 | -€814 | -28.3% |
| Total equity and liabilities | 10/49 | €289,702 | €273,871 | -€15,831 | -5.5% |
| Equity | 10/15 | €68,702 | €50,271 | -€18,431 | -26.8% |
| Contributions | 10/11 | €123,600 | €123,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,898 | -€73,329 | -€18,431 | -33.6% |
| Amounts payable | 17/49 | €221,000 | €223,600 | +€2,600 | +1.2% |
| Amounts payable after more than one year | 17 | €221,000 | €223,600 | +€2,600 | +1.2% |
| Financial debts | 170/4 | €221,000 | €223,600 | +€2,600 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,017 | €15,017 | = | 0.0% |
| Other operating charges | 640/8 | €3,269 | €3,369 | +€100 | +3.1% |
| Operating profit (loss) | 9901 | -€18,286 | -€18,386 | -€100 | -0.5% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,330 | -€18,431 | -€101 | -0.6% |
| Profit (loss) for the period | 9904 | -€18,330 | -€18,431 | -€101 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,330 | -€18,431 | -€101 | -0.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.