L³: what changed
L³
Largest movements
- Cash -€2,213
down €2,213 (-99.7%), from €2,219 to €6
mainly Trade debts (-€4,855) and Net result for the year (-€2,491)
- Other debts +€6,153
up €6,153 (+5.4%), from €114,853 to €121,005
- Trade debts -€4,855
no longer reported in 2025 (was €4,855)
- Profit (loss) carried forward -€2,491
down €2,491 (-1.5%), from -€170,687 to -€173,178
- Tax, wage and social debts -€1,020
down €1,020 (-8.3%), from €12,297 to €11,277
- Staff costs +€3,516
no longer reported in 2025 (was -€3,516)
- Gross operating margin +€3,394
up €3,394 (+42.3%), from -€8,031 to -€4,637
- Financial charges -€1,318
down €1,318 (-93.7%), from €1,407 to €88
- Financial income +€314
up €314 (+15.3%), from €2,057 to €2,371
of which Financial income: +€2,257
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,228 | €15 | -€2,213 | -99.3% |
| Current assets | 29/58 | €2,228 | €15 | -€2,213 | -99.3% |
| Current investments | 50/53 | €9 | €9 | +€0 | +1.8% |
| Cash at bank and in hand | 54/58 | €2,219 | €6 | -€2,213 | -99.7% |
| Total equity and liabilities | 10/49 | €2,228 | €15 | -€2,213 | -99.3% |
| Equity | 10/15 | -€151,663 | -€154,154 | -€2,491 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €424 | €424 | = | 0.0% |
| Distributable reserves | 133 | €424 | €424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,687 | -€173,178 | -€2,491 | -1.5% |
| Amounts payable | 17/49 | €153,891 | €154,169 | +€278 | +0.2% |
| Amounts payable within one year | 42/48 | €153,891 | €154,169 | +€278 | +0.2% |
| Trade debts | 44 | €4,855 | - | -€4,855 | |
| Suppliers | 440/4 | €4,855 | - | -€4,855 | |
| Advances received on contracts in progress | 46 | €21,886 | €21,886 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,297 | €11,277 | -€1,020 | -8.3% |
| Taxes | 450/3 | €12,297 | €11,277 | -€1,020 | -8.3% |
| Other amounts payable | 47/48 | €114,853 | €121,005 | +€6,153 | +5.4% |
| Remuneration, social security and pensions | 62 | -€3,516 | - | +€3,516 | |
| Other operating charges | 640/8 | €62 | €137 | +€75 | +121% |
| Gross operating margin | 9900 | -€8,031 | -€4,637 | +€3,394 | +42.3% |
| Operating profit (loss) | 9901 | -€4,577 | -€4,774 | -€197 | -4.3% |
| Financial income | 75/76B | €2,057 | €2,371 | +€314 | +15.3% |
| Recurring financial income | 75 | €114 | €2,371 | +€2,257 | +1,978% |
| Non-recurring financial income | 76B | €1,943 | - | -€1,943 | |
| Financial charges | 65/66B | €1,407 | €88 | -€1,318 | -93.7% |
| Recurring financial charges | 65 | €1,407 | €88 | -€1,318 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,926 | -€2,491 | +€1,435 | +36.6% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -87.9% |
| Profit (loss) for the period | 9904 | -€3,927 | -€2,491 | +€1,436 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,927 | -€2,491 | +€1,436 | +36.6% |
Next steps
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 5 November 2026 via checked.be.