LS35: what changed
LS35
Largest movements
- Stocks and contracts +€252,695
up €252,695 (+16.9%), from €1.5m to €1.8m
- Cash -€72,646
down €72,646 (-99.2%), from €73,214 to €568
mainly Stocks and contracts (-€252,695) and Net result for the year (-€82,602)
- Receivables within one year -€54,468
down €54,468 (-94.7%), from €57,491 to €3,022
of which Other amounts receivable: -€41,519
- Other debts +€210,955
up €210,955 (+37.9%), from €556,353 to €767,308
- Profit (loss) carried forward -€82,602
down €82,602 (-85.3%), from -€96,878 to -€179,481
- Trade debts -€43,786
down €43,786 (-74.8%), from €58,505 to €14,719
- Short-term financial debts +€20,959
up €20,959 (+8.1%), from €258,500 to €279,459
- Debts after one year +€20,000
up €20,000 (+2.4%), from €843,041 to €863,041
- Financial charges +€41,857
up €41,857 (+157%), from €26,618 to €68,475
- Gross operating margin +€20,546
up €20,546 (+64.5%), from -€31,850 to -€11,304
- Other operating charges +€2,301
up €2,301 (+1,001%), from €230 to €2,531
- Financial income -€778
down €778 (-99.9%), from €778 to €0
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,629,521 | €1,755,046 | +€125,525 | +7.7% |
| Fixed assets | 21/28 | €580 | €288 | -€292 | -50.3% |
| Tangible fixed assets | 22/27 | €580 | €288 | -€292 | -50.3% |
| Plant, machinery and equipment | 23 | €92 | €0 | -€92 | -100.0% |
| Furniture and vehicles | 24 | €489 | €288 | -€200 | -41.0% |
| Current assets | 29/58 | €1,628,940 | €1,754,758 | +€125,818 | +7.7% |
| Stocks and contracts in progress | 3 | €1,498,188 | €1,750,884 | +€252,695 | +16.9% |
| Stocks | 30/36 | €1,498,188 | €1,750,884 | +€252,695 | +16.9% |
| Amounts receivable within one year | 40/41 | €57,491 | €3,022 | -€54,468 | -94.7% |
| Trade receivables | 40 | €13,626 | €676 | -€12,950 | -95.0% |
| Other amounts receivable | 41 | €43,865 | €2,346 | -€41,519 | -94.7% |
| Cash at bank and in hand | 54/58 | €73,214 | €568 | -€72,646 | -99.2% |
| Deferred charges and accrued income | 490/1 | €47 | €284 | +€237 | +506% |
| Total equity and liabilities | 10/49 | €1,629,521 | €1,755,046 | +€125,525 | +7.7% |
| Equity | 10/15 | -€86,878 | -€169,481 | -€82,602 | -95.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,878 | -€179,481 | -€82,602 | -85.3% |
| Amounts payable | 17/49 | €1,716,399 | €1,924,527 | +€208,128 | +12.1% |
| Amounts payable after more than one year | 17 | €843,041 | €863,041 | +€20,000 | +2.4% |
| Financial debts | 170/4 | €843,041 | €863,041 | +€20,000 | +2.4% |
| Amounts payable within one year | 42/48 | €873,358 | €1,061,486 | +€188,128 | +21.5% |
| Financial debts | 43 | €258,500 | €279,459 | +€20,959 | +8.1% |
| Credit institutions | 430/8 | €258,500 | €279,459 | +€20,959 | +8.1% |
| Trade debts | 44 | €58,505 | €14,719 | -€43,786 | -74.8% |
| Suppliers | 440/4 | €58,505 | €14,719 | -€43,786 | -74.8% |
| Other amounts payable | 47/48 | €556,353 | €767,308 | +€210,955 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292 | €292 | = | 0.0% |
| Other operating charges | 640/8 | €230 | €2,531 | +€2,301 | +1,001% |
| Non-recurring operating charges | 66A | €1,361 | - | -€1,361 | |
| Gross operating margin | 9900 | -€31,850 | -€11,304 | +€20,546 | +64.5% |
| Operating profit (loss) | 9901 | -€33,733 | -€14,128 | +€19,606 | +58.1% |
| Financial income | 75/76B | €778 | €0 | -€778 | -99.9% |
| Recurring financial income | 75 | €778 | €0 | -€778 | -99.9% |
| Financial charges | 65/66B | €26,618 | €68,475 | +€41,857 | +157% |
| Recurring financial charges | 65 | €26,618 | €68,475 | +€41,857 | +157% |
| Profit (loss) for the period before taxes | 9903 | -€59,573 | -€82,602 | -€23,029 | -38.7% |
| Profit (loss) for the period | 9904 | -€59,573 | -€82,602 | -€23,029 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,573 | -€82,602 | -€23,029 | -38.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.