LLA VIEW: 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.
LLA VIEW
Largest movements
- Tangible fixed assets +€753,328
up €753,328 (+80.6%), from €934,774 to €1.7m
of which Land and buildings: +€624,381
- Cash +€237,020
up €237,020 (+529%), from €44,778 to €281,798
mainly Debts after one year (+€593,890) and Contributions, distributions and other (+€200,000)
- Receivables within one year +€48,483
up €48,483 (+230%), from €21,083 to €69,566
of which Other amounts receivable: +€59,475
- Financial fixed assets +€41,781
up €41,781 (+2.3%), from €1.8m to €1.8m
- Debts after one year +€593,890
up €593,890 (+43.8%), from €1.4m to €1.9m
- Contributions +€200,000
up €200,000 (+13,333%), from €1,500 to €201,500
- Other debts +€130,700
up €130,700 (+8.7%), from €1.5m to €1.6m
- Trade debts +€115,490
up €115,490 (+840%), from €13,744 to €129,234
- Accrued charges and deferred income -€51,356
down €51,356 (-79.6%), from €64,488 to €13,132
- Gross operating margin +€209,016
up €209,016 (+606%), from €34,473 to €243,489
- Staff costs +€30,428
up €30,428 (+278%), from €10,958 to €41,386
- Depreciation +€16,206
up €16,206 (+101%), from €15,992 to €32,199
- Other operating charges +€10,149
up €10,149 (+496%), from €2,047 to €12,196
- Financial charges +€3,309
up €3,309 (+3.1%), from €106,325 to €109,634
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 | €2,803,358 | €3,884,619 | +€1.1m | +38.6% |
| Fixed assets | 21/28 | €2,737,066 | €3,532,176 | +€795,109 | +29.0% |
| Tangible fixed assets | 22/27 | €934,774 | €1,688,102 | +€753,328 | +80.6% |
| Land and buildings | 22 | €861,424 | €1,485,804 | +€624,381 | +72.5% |
| Plant, machinery and equipment | 23 | €60,577 | €174,762 | +€114,184 | +188% |
| Furniture and vehicles | 24 | €11,632 | €23,342 | +€11,710 | +101% |
| Other tangible fixed assets | 26 | €1,142 | €4,195 | +€3,053 | +267% |
| Financial fixed assets | 28 | €1,802,292 | €1,844,073 | +€41,781 | +2.3% |
| Current assets | 29/58 | €66,292 | €352,443 | +€286,152 | +432% |
| Amounts receivable within one year | 40/41 | €21,083 | €69,566 | +€48,483 | +230% |
| Trade receivables | 40 | €11,683 | €691 | -€10,992 | -94.1% |
| Other amounts receivable | 41 | €9,400 | €68,875 | +€59,475 | +633% |
| Cash at bank and in hand | 54/58 | €44,778 | €281,798 | +€237,020 | +529% |
| Deferred charges and accrued income | 490/1 | €431 | €1,079 | +€649 | +151% |
| Total equity and liabilities | 10/49 | €2,803,358 | €3,884,619 | +€1.1m | +38.6% |
| Equity | 10/15 | -€186,238 | €61,838 | +€248,075 | |
| Contributions | 10/11 | €1,500 | €201,500 | +€200,000 | +13,333% |
| Profit (loss) carried forward | 14 | -€187,738 | -€139,662 | +€48,075 | +25.6% |
| Amounts payable | 17/49 | €2,989,596 | €3,822,781 | +€833,186 | +27.9% |
| Amounts payable after more than one year | 17 | €1,355,779 | €1,949,669 | +€593,890 | +43.8% |
| Financial debts | 170/4 | €1,355,779 | €1,949,669 | +€593,890 | +43.8% |
| Amounts payable within one year | 42/48 | €1,569,329 | €1,859,980 | +€290,652 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €52,246 | €69,382 | +€17,135 | +32.8% |
| Trade debts | 44 | €13,744 | €129,234 | +€115,490 | +840% |
| Suppliers | 440/4 | €13,744 | €129,234 | +€115,490 | +840% |
| Taxes, remuneration and social security | 45 | €887 | €28,213 | +€27,326 | +3,080% |
| Taxes | 450/3 | - | €24,798 | +€24,798 | |
| Remuneration and social security | 454/9 | €887 | €3,415 | +€2,528 | +285% |
| Other amounts payable | 47/48 | €1,502,451 | €1,633,151 | +€130,700 | +8.7% |
| Accrued charges and deferred income | 492/3 | €64,488 | €13,132 | -€51,356 | -79.6% |
| Remuneration, social security and pensions | 62 | €10,958 | €41,386 | +€30,428 | +278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,992 | €32,199 | +€16,206 | +101% |
| Other operating charges | 640/8 | €2,047 | €12,196 | +€10,149 | +496% |
| Gross operating margin | 9900 | €34,473 | €243,489 | +€209,016 | +606% |
| Operating profit (loss) | 9901 | €5,476 | €157,709 | +€152,232 | +2,780% |
| Financial charges | 65/66B | €106,325 | €109,634 | +€3,309 | +3.1% |
| Recurring financial charges | 65 | €106,325 | €109,634 | +€3,309 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€100,848 | €48,075 | +€148,924 | |
| Profit (loss) for the period | 9904 | -€100,848 | €48,075 | +€148,924 | |
| Profit (loss) for the period to be appropriated | 9905 | -€100,848 | €48,075 | +€148,924 |
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 22 October 2026 via checked.be.