LLEC: 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.
LLEC
Largest movements
- Receivables within one year -€109,445
down €109,445 (-66.2%), from €165,410 to €55,965
of which Trade receivables: -€109,692
- Trade debts -€83,924
down €83,924 (-51.7%), from €162,178 to €78,254
- Debts after one year -€25,477
down €25,477 (-33.7%), from €75,613 to €50,136
- Purchases and services +€22,057
new in 2025: €22,057
- Gross operating margin -€8,045
down €8,045 (-53.6%), from €15,016 to €6,971
- Taxes -€2,692
down €2,692 (-94.5%), from €2,850 to €158
- Depreciation +€1,493
up €1,493 (+89.2%), from €1,674 to €3,167
- Other operating charges +€960
new in 2025: €960
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 | €429,737 | €320,172 | -€109,565 | -25.5% |
| Fixed assets | 21/28 | €264,026 | €260,859 | -€3,167 | -1.2% |
| Tangible fixed assets | 22/27 | €7,826 | €4,659 | -€3,167 | -40.5% |
| Plant, machinery and equipment | 23 | €7,826 | €4,659 | -€3,167 | -40.5% |
| Financial fixed assets | 28 | €256,200 | €256,200 | = | 0.0% |
| Current assets | 29/58 | €165,711 | €59,313 | -€106,398 | -64.2% |
| Amounts receivable within one year | 40/41 | €165,410 | €55,965 | -€109,445 | -66.2% |
| Trade receivables | 40 | €161,398 | €51,706 | -€109,692 | -68.0% |
| Other amounts receivable | 41 | €4,012 | €4,259 | +€247 | +6.2% |
| Cash at bank and in hand | 54/58 | €301 | €3,348 | +€3,047 | +1,012% |
| Total equity and liabilities | 10/49 | €429,737 | €320,172 | -€109,565 | -25.5% |
| Equity | 10/15 | €111,462 | €111,684 | +€222 | +0.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €573 | €584 | +€11 | +2.0% |
| Non-distributable reserves | 130/1 | €573 | €584 | +€11 | +2.0% |
| Legal reserve | 130 | €573 | €584 | +€11 | +2.0% |
| Profit (loss) carried forward | 14 | €10,889 | €11,099 | +€210 | +1.9% |
| Amounts payable | 17/49 | €318,275 | €208,488 | -€109,787 | -34.5% |
| Amounts payable after more than one year | 17 | €75,613 | €50,136 | -€25,477 | -33.7% |
| Financial debts | 170/4 | €75,613 | €50,136 | -€25,477 | -33.7% |
| Amounts payable within one year | 42/48 | €242,662 | €158,352 | -€84,310 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €25,021 | €25,477 | +€456 | +1.8% |
| Trade debts | 44 | €162,178 | €78,254 | -€83,924 | -51.7% |
| Suppliers | 440/4 | €162,178 | €78,254 | -€83,924 | -51.7% |
| Taxes, remuneration and social security | 45 | €2,850 | €3,008 | +€158 | +5.5% |
| Taxes | 450/3 | €2,850 | €3,008 | +€158 | +5.5% |
| Other amounts payable | 47/48 | €52,613 | €51,613 | -€1,000 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €22,057 | +€22,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674 | €3,167 | +€1,493 | +89.2% |
| Other operating charges | 640/8 | - | €960 | +€960 | |
| Gross operating margin | 9900 | €15,016 | €6,971 | -€8,045 | -53.6% |
| Operating profit (loss) | 9901 | €13,342 | €2,845 | -€10,497 | -78.7% |
| Financial income | 75/76B | €57 | - | -€57 | |
| Recurring financial income | 75 | €57 | - | -€57 | |
| Financial charges | 65/66B | €2,971 | €2,465 | -€506 | -17.0% |
| Recurring financial charges | 65 | €2,971 | €2,465 | -€506 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €10,428 | €380 | -€10,048 | -96.4% |
| Income taxes | 67/77 | €2,850 | €158 | -€2,692 | -94.5% |
| Profit (loss) for the period | 9904 | €7,578 | €222 | -€7,356 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,578 | €222 | -€7,356 | -97.1% |
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 27 October 2026 via checked.be.