LS RELAX: 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.
LS RELAX
Largest movements
- Cash +€7,077
up €7,077 (+29.5%), from €23,980 to €31,057
mainly Net result for the year (+€12,004) and Tax, wage and social debts (+€3,146)
- Reserves +€12,004
up €12,004 (+203%), from €5,921 to €17,925
- Other debts -€8,561
down €8,561 (-84.6%), from €10,121 to €1,560
- Tax, wage and social debts +€3,146
up €3,146 (+198%), from €1,592 to €4,738
- Current portion of long-term debt -€476
down €476 (-100%), from €476 to €0
- Gross operating margin -€4,352
down €4,352 (-16.6%), from €26,204 to €21,852
- Financial charges +€1,564
up €1,564 (+125%), from €1,256 to €2,820
- Taxes +€1,554
up €1,554 (+97.7%), from €1,592 to €3,146
- Depreciation +€454
up €454 (+18.1%), from €2,517 to €2,971
- Other operating charges +€427
up €427 (+83.3%), from €512 to €939
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 | €37,158 | €44,137 | +€6,979 | +18.8% |
| Fixed assets | 21/28 | €12,125 | €11,836 | -€289 | -2.4% |
| Tangible fixed assets | 22/27 | €12,125 | €11,836 | -€289 | -2.4% |
| Plant, machinery and equipment | 23 | €711 | €2,735 | +€2,025 | +285% |
| Furniture and vehicles | 24 | €2,523 | €1,364 | -€1,159 | -46.0% |
| Other tangible fixed assets | 26 | €8,892 | €7,738 | -€1,154 | -13.0% |
| Current assets | 29/58 | €25,032 | €32,300 | +€7,268 | +29.0% |
| Amounts receivable within one year | 40/41 | €1,053 | €1,143 | +€90 | +8.6% |
| Trade receivables | 40 | €696 | €0 | -€696 | -100% |
| Other amounts receivable | 41 | €357 | €1,143 | +€786 | +220% |
| Cash at bank and in hand | 54/58 | €23,980 | €31,057 | +€7,077 | +29.5% |
| Deferred charges and accrued income | 490/1 | €0 | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €37,158 | €44,137 | +€6,979 | +18.8% |
| Equity | 10/15 | €20,921 | €32,925 | +€12,004 | +57.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €5,921 | €17,925 | +€12,004 | +203% |
| Distributable reserves | 133 | €5,921 | €17,925 | +€12,004 | +203% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €16,237 | €11,212 | -€5,025 | -30.9% |
| Amounts payable within one year | 42/48 | €16,237 | €10,785 | -€5,452 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €476 | €0 | -€476 | -100% |
| Trade debts | 44 | €4,049 | €4,487 | +€438 | +10.8% |
| Suppliers | 440/4 | €4,049 | €4,487 | +€438 | +10.8% |
| Taxes, remuneration and social security | 45 | €1,592 | €4,738 | +€3,146 | +198% |
| Taxes | 450/3 | €1,592 | €4,738 | +€3,146 | +198% |
| Other amounts payable | 47/48 | €10,121 | €1,560 | -€8,561 | -84.6% |
| Accrued charges and deferred income | 492/3 | - | €427 | +€427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,517 | €2,971 | +€454 | +18.1% |
| Other operating charges | 640/8 | €512 | €939 | +€427 | +83.3% |
| Gross operating margin | 9900 | €26,204 | €21,852 | -€4,352 | -16.6% |
| Operating profit (loss) | 9901 | €23,176 | €17,943 | -€5,233 | -22.6% |
| Financial income | 75/76B | €23 | €27 | +€4 | +17.1% |
| Recurring financial income | 75 | €23 | €27 | +€4 | +17.1% |
| Financial charges | 65/66B | €1,256 | €2,820 | +€1,564 | +125% |
| Recurring financial charges | 65 | €1,256 | €2,820 | +€1,564 | +125% |
| Profit (loss) for the period before taxes | 9903 | €21,943 | €15,150 | -€6,793 | -31.0% |
| Income taxes | 67/77 | €1,592 | €3,146 | +€1,554 | +97.7% |
| Profit (loss) for the period | 9904 | €20,351 | €12,004 | -€8,347 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,351 | €12,004 | -€8,347 | -41.0% |
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 13 October 2026 via checked.be.