LSSSMR: 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.
LSSSMR
Largest movements
- Cash +€32,119
up €32,119 (+187%), from €17,184 to €49,303
mainly Net result for the year (+€45,982) and Other debts (+€20,618)
- Receivables within one year +€14,352
up €14,352 (+22.4%), from €63,934 to €78,285
of which Trade receivables: +€14,352
- Tangible fixed assets +€5,806
up €5,806 (+236%), from €2,465 to €8,272
of which Furniture and vehicles: +€6,503
- Reserves +€23,136
up €23,136 (+33.9%), from €68,326 to €91,462
- Other debts +€20,618
up €20,618 (+3,623%), from €569 to €21,187
- Tax, wage and social debts +€9,246
up €9,246 (+66.1%), from €13,990 to €23,236
of which Taxes: +€9,246
- Gross operating margin +€30,407
up €30,407 (+92.4%), from €32,892 to €63,299
- Taxes +€6,426
up €6,426 (+102%), from €6,305 to €12,731
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 | €86,690 | €138,621 | +€51,931 | +59.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,465 | €8,272 | +€5,806 | +236% |
| Tangible fixed assets | 22/27 | €2,465 | €8,272 | +€5,806 | +236% |
| Plant, machinery and equipment | 23 | €2,465 | €1,769 | -€697 | -28.3% |
| Furniture and vehicles | 24 | €0 | €6,503 | +€6,503 | |
| Current assets | 29/58 | €84,224 | €130,349 | +€46,125 | +54.8% |
| Amounts receivable within one year | 40/41 | €63,934 | €78,285 | +€14,352 | +22.4% |
| Trade receivables | 40 | €63,934 | €78,285 | +€14,352 | +22.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €17,184 | €49,303 | +€32,119 | +187% |
| Deferred charges and accrued income | 490/1 | €3,107 | €2,761 | -€346 | -11.1% |
| Total equity and liabilities | 10/49 | €86,690 | €138,621 | +€51,931 | +59.9% |
| Equity | 10/15 | €70,826 | €93,962 | +€23,136 | +32.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €68,326 | €91,462 | +€23,136 | +33.9% |
| Distributable reserves | 133 | €68,326 | €91,462 | +€23,136 | +33.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,864 | €44,659 | +€28,795 | +182% |
| Amounts payable within one year | 42/48 | €15,864 | €44,659 | +€28,795 | +182% |
| Trade debts | 44 | €1,304 | €236 | -€1,068 | -81.9% |
| Suppliers | 440/4 | €1,304 | €236 | -€1,068 | -81.9% |
| Taxes, remuneration and social security | 45 | €13,990 | €23,236 | +€9,246 | +66.1% |
| Taxes | 450/3 | €13,990 | €23,236 | +€9,246 | +66.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €569 | €21,187 | +€20,618 | +3,623% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €1,279 | -€148 | -10.4% |
| Other operating charges | 640/8 | €1,442 | €1,998 | +€556 | +38.5% |
| Gross operating margin | 9900 | €32,892 | €63,299 | +€30,407 | +92.4% |
| Operating profit (loss) | 9901 | €30,023 | €60,022 | +€29,999 | +99.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €873 | €1,310 | +€437 | +50.1% |
| Recurring financial charges | 65 | €873 | €1,310 | +€437 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €29,151 | €58,712 | +€29,562 | +101% |
| Income taxes | 67/77 | €6,305 | €12,731 | +€6,426 | +102% |
| Profit (loss) for the period | 9904 | €22,846 | €45,982 | +€23,136 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €22,846 | €45,982 | +€23,136 | +101% |
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 25 October 2026 via checked.be.