T-LA19: 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.
T-LA19
Largest movements
- Receivables within one year +€118,262
up €118,262 (+102%), from €116,509 to €234,771
of which Other amounts receivable: +€59,694
- Tangible fixed assets +€114,910
up €114,910 (+58.7%), from €195,687 to €310,597
of which Furniture and vehicles: +€124,344
- Cash -€29,081
down €29,081 (-61.1%), from €47,604 to €18,523
mainly Investment in fixed assets (net) (-€157,706) and Receivables within one year (-€118,262)
- Debts after one year +€86,044
up €86,044 (+65.9%), from €130,484 to €216,528
- Reserves +€76,994
up €76,994 (+51.1%), from €150,810 to €227,804
- Current portion of long-term debt +€35,417
up €35,417 (+281%), from €12,588 to €48,005
- Trade debts +€25,521
up €25,521 (+114%), from €22,443 to €47,964
- Profit (loss) carried forward -€21,341
no longer reported in 2025 (was €21,341)
- Turnover -€561,135
no longer reported in 2025 (was €561,135)
- Purchases and services -€429,097
no longer reported in 2025 (was €429,097)
- Gross operating margin +€6,594
up €6,594 (+5.0%), from €132,038 to €138,632
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 | €363,200 | €567,264 | +€204,064 | +56.2% |
| Fixed assets | 21/28 | €195,787 | €310,697 | +€114,910 | +58.7% |
| Tangible fixed assets | 22/27 | €195,687 | €310,597 | +€114,910 | +58.7% |
| Land and buildings | 22 | €160,451 | €142,893 | -€17,558 | -10.9% |
| Plant, machinery and equipment | 23 | €8,738 | €17,387 | +€8,649 | +99.0% |
| Furniture and vehicles | 24 | €24,594 | €148,938 | +€124,344 | +506% |
| Other tangible fixed assets | 26 | €1,904 | €1,380 | -€524 | -27.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €167,413 | €256,566 | +€89,153 | +53.3% |
| Amounts receivable within one year | 40/41 | €116,509 | €234,771 | +€118,262 | +102% |
| Trade receivables | 40 | €59,172 | €117,741 | +€58,569 | +99.0% |
| Other amounts receivable | 41 | €57,337 | €117,031 | +€59,694 | +104% |
| Cash at bank and in hand | 54/58 | €47,604 | €18,523 | -€29,081 | -61.1% |
| Deferred charges and accrued income | 490/1 | €3,300 | €3,272 | -€28 | -0.9% |
| Total equity and liabilities | 10/49 | €363,200 | €567,264 | +€204,064 | +56.2% |
| Equity | 10/15 | €190,752 | €246,405 | +€55,653 | +29.2% |
| Contributions | 10/11 | €18,601 | €18,601 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,601 | +€18,601 | |
| Other | 1109/19 | - | €18,601 | +€18,601 | |
| Reserves | 13 | €150,810 | €227,804 | +€76,994 | +51.1% |
| Distributable reserves | 133 | €150,810 | €227,804 | +€76,994 | +51.1% |
| Profit (loss) carried forward | 14 | €21,341 | - | -€21,341 | |
| Amounts payable | 17/49 | €172,448 | €320,858 | +€148,410 | +86.1% |
| Amounts payable after more than one year | 17 | €130,484 | €216,528 | +€86,044 | +65.9% |
| Financial debts | 170/4 | €130,484 | €216,528 | +€86,044 | +65.9% |
| Amounts payable within one year | 42/48 | €41,964 | €104,330 | +€62,366 | +149% |
| Current portion of amounts payable after more than one year | 42 | €12,588 | €48,005 | +€35,417 | +281% |
| Trade debts | 44 | €22,443 | €47,964 | +€25,521 | +114% |
| Suppliers | 440/4 | €22,443 | €47,964 | +€25,521 | +114% |
| Taxes, remuneration and social security | 45 | €6,933 | €8,361 | +€1,428 | +20.6% |
| Taxes | 450/3 | €6,933 | €6,641 | -€292 | -4.2% |
| Remuneration and social security | 454/9 | - | €1,720 | +€1,720 | |
| Turnover | 70 | €561,135 | - | -€561,135 | |
| Goods, raw materials, services and sundry goods | 60/61 | €429,097 | - | -€429,097 | |
| Remuneration, social security and pensions | 62 | - | €3,892 | +€3,892 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,650 | €42,796 | +€146 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,461 | - | -€2,461 | |
| Other operating charges | 640/8 | €5,294 | €7,467 | +€2,173 | +41.0% |
| Gross operating margin | 9900 | €132,038 | €138,632 | +€6,594 | +5.0% |
| Operating profit (loss) | 9901 | €81,633 | €84,478 | +€2,845 | +3.5% |
| Financial income | 75/76B | €1,465 | €3,517 | +€2,052 | +140% |
| Recurring financial income | 75 | €1,465 | €3,517 | +€2,052 | +140% |
| Financial charges | 65/66B | €3,146 | €8,704 | +€5,558 | +177% |
| Recurring financial charges | 65 | €3,146 | €8,704 | +€5,558 | +177% |
| Profit (loss) for the period before taxes | 9903 | €79,952 | €79,291 | -€661 | -0.8% |
| Income taxes | 67/77 | €23,943 | €23,637 | -€306 | -1.3% |
| Profit (loss) for the period | 9904 | €56,009 | €55,653 | -€356 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,009 | €55,653 | -€356 | -0.6% |
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 24 October 2026 via checked.be.