L&Ko: 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.
L&Ko
Largest movements
- Tangible fixed assets +€16,836
up €16,836 (+238%), from €7,087 to €23,923
of which Furniture and vehicles: +€17,441
- Receivables after one year +€8,888
new in 2024: €8,888
- Cash +€659
up €659 (+7.4%), from €8,886 to €9,545
mainly Debts after one year (+€24,242) and Depreciation (+€4,862)
- Receivables within one year +€630
up €630 (+87.6%), from €719 to €1,349
of which Trade receivables: +€589
- Debts after one year +€24,242
up €24,242 (+221%), from €10,958 to €35,200
of which Financial debts: +€24,850
- Profit (loss) carried forward +€2,509
up €2,509 (+28.5%), from -€8,807 to -€6,298
- Trade debts -€1,346
down €1,346 (-28.5%), from €4,728 to €3,382
- Tax, wage and social debts +€1,046
up €1,046 (+39.8%), from €2,627 to €3,673
- Depreciation +€2,305
up €2,305 (+90.1%), from €2,557 to €4,862
- Turnover +€1,738
up €1,738 (+2.9%), from €60,720 to €62,458
- Gross operating margin +€1,514
up €1,514 (+22.7%), from €6,683 to €8,197
- Purchases and services -€1,145
down €1,145 (-2.0%), from €57,614 to €56,469
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,106 | €54,557 | +€26,451 | +94.1% |
| Fixed assets | 21/28 | €7,730 | €23,923 | +€16,193 | +209% |
| Intangible fixed assets | 21 | €293 | €0 | -€293 | -100% |
| Tangible fixed assets | 22/27 | €7,087 | €23,923 | +€16,836 | +238% |
| Plant, machinery and equipment | 23 | €5,562 | €4,957 | -€605 | -10.9% |
| Furniture and vehicles | 24 | €1,525 | €18,966 | +€17,441 | +1,144% |
| Financial fixed assets | 28 | €350 | €0 | -€350 | -100% |
| Current assets | 29/58 | €20,376 | €30,634 | +€10,258 | +50.3% |
| Amounts receivable after more than one year | 29 | - | €8,888 | +€8,888 | |
| Other amounts receivable | 291 | - | €8,888 | +€8,888 | |
| Stocks and contracts in progress | 3 | €10,671 | €10,671 | = | 0.0% |
| Stocks | 30/36 | €10,671 | €10,671 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €719 | €1,349 | +€630 | +87.6% |
| Trade receivables | 40 | €702 | €1,291 | +€589 | +83.9% |
| Other amounts receivable | 41 | €17 | €58 | +€41 | +241% |
| Cash at bank and in hand | 54/58 | €8,886 | €9,545 | +€659 | +7.4% |
| Deferred charges and accrued income | 490/1 | €100 | €181 | +€81 | +81.0% |
| Total equity and liabilities | 10/49 | €28,106 | €54,557 | +€26,451 | +94.1% |
| Equity | 10/15 | €9,793 | €12,302 | +€2,509 | +25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,807 | -€6,298 | +€2,509 | +28.5% |
| Amounts payable | 17/49 | €18,313 | €42,255 | +€23,942 | +131% |
| Amounts payable after more than one year | 17 | €10,958 | €35,200 | +€24,242 | +221% |
| Financial debts | 170/4 | €10,350 | €35,200 | +€24,850 | +240% |
| Other amounts payable | 178/9 | €608 | - | -€608 | |
| Amounts payable within one year | 42/48 | €7,355 | €7,055 | -€300 | -4.1% |
| Trade debts | 44 | €4,728 | €3,382 | -€1,346 | -28.5% |
| Suppliers | 440/4 | €4,728 | €3,382 | -€1,346 | -28.5% |
| Taxes, remuneration and social security | 45 | €2,627 | €3,673 | +€1,046 | +39.8% |
| Taxes | 450/3 | €2,627 | €3,673 | +€1,046 | +39.8% |
| Turnover | 70 | €60,720 | €62,458 | +€1,738 | +2.9% |
| Non-recurring operating income | 76A | €3,577 | €2,209 | -€1,368 | -38.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €57,614 | €56,469 | -€1,145 | -2.0% |
| Remuneration, social security and pensions | 62 | €329 | - | -€329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,557 | €4,862 | +€2,305 | +90.1% |
| Other operating charges | 640/8 | €568 | €471 | -€97 | -17.1% |
| Non-recurring operating charges | 66A | €515 | - | -€515 | |
| Gross operating margin | 9900 | €6,683 | €8,197 | +€1,514 | +22.7% |
| Operating profit (loss) | 9901 | €2,714 | €2,864 | +€150 | +5.5% |
| Financial income | 75/76B | €28 | €117 | +€89 | +318% |
| Recurring financial income | 75 | €28 | €117 | +€89 | +318% |
| Financial charges | 65/66B | €833 | €472 | -€361 | -43.3% |
| Recurring financial charges | 65 | €833 | €472 | -€361 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €1,909 | €2,509 | +€600 | +31.4% |
| Profit (loss) for the period | 9904 | €1,909 | €2,509 | +€600 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,909 | €2,509 | +€600 | +31.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.