LR: 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.
LR
Largest movements
- Tangible fixed assets -€1,506
down €1,506 (-37.0%), from €4,072 to €2,566
- Cash +€670
up €670 (+49.6%), from €1,352 to €2,022
mainly Depreciation (+€1,506) and Net result for the year (+€1,060)
- Receivables within one year +€200
up €200 (+66.1%), from €303 to €503
- Deferred charges and accrued income +€150
up €150 (+95.7%), from €156 to €306
- Profit (loss) carried forward +€245,498
up €245,498 (+83.9%), from -€292,613 to -€47,114
- Reserves -€244,438
down €244,438 (-100%), from €244,438 to €0
- Trade debts -€1,945
down €1,945 (-57.5%), from €3,383 to €1,438
- Tax, wage and social debts +€315
up €315 (+395%), from €80 to €395
- Other debts +€83
up €83 (+0.2%), from €44,394 to €44,478
- Gross operating margin +€2,496
up €2,496 (+201%), from €1,239 to €3,735
- Depreciation +€1,060
up €1,060 (+237%), from €446 to €1,506
- Taxes +€395
up €395, from €0 to €395
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 | €5,882 | €5,396 | -€486 | -8.3% |
| Fixed assets | 21/28 | €4,072 | €2,566 | -€1,506 | -37.0% |
| Tangible fixed assets | 22/27 | €4,072 | €2,566 | -€1,506 | -37.0% |
| Furniture and vehicles | 24 | €4,072 | €2,566 | -€1,506 | -37.0% |
| Current assets | 29/58 | €1,810 | €2,830 | +€1,020 | +56.3% |
| Amounts receivable within one year | 40/41 | €303 | €503 | +€200 | +66.1% |
| Trade receivables | 40 | €303 | €503 | +€200 | +66.1% |
| Cash at bank and in hand | 54/58 | €1,352 | €2,022 | +€670 | +49.6% |
| Deferred charges and accrued income | 490/1 | €156 | €306 | +€150 | +95.7% |
| Total equity and liabilities | 10/49 | €5,882 | €5,396 | -€486 | -8.3% |
| Equity | 10/15 | -€41,975 | -€40,914 | +€1,060 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €244,438 | €0 | -€244,438 | -100% |
| Distributable reserves | 133 | €244,438 | €0 | -€244,438 | -100% |
| Profit (loss) carried forward | 14 | -€292,613 | -€47,114 | +€245,498 | +83.9% |
| Amounts payable | 17/49 | €47,857 | €46,310 | -€1,546 | -3.2% |
| Amounts payable within one year | 42/48 | €47,857 | €46,310 | -€1,546 | -3.2% |
| Trade debts | 44 | €3,383 | €1,438 | -€1,945 | -57.5% |
| Suppliers | 440/4 | €3,383 | €1,438 | -€1,945 | -57.5% |
| Taxes, remuneration and social security | 45 | €80 | €395 | +€315 | +395% |
| Taxes | 450/3 | €80 | €395 | +€315 | +395% |
| Other amounts payable | 47/48 | €44,394 | €44,478 | +€83 | +0.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446 | €1,506 | +€1,060 | +237% |
| Other operating charges | 640/8 | €585 | €585 | +€0 | 0.0% |
| Gross operating margin | 9900 | €1,239 | €3,735 | +€2,496 | +201% |
| Operating profit (loss) | 9901 | €208 | €1,644 | +€1,436 | +692% |
| Financial charges | 65/66B | €203 | €188 | -€15 | -7.3% |
| Recurring financial charges | 65 | €203 | €188 | -€15 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €4 | €1,455 | +€1,451 | +33,745% |
| Income taxes | 67/77 | €0 | €395 | +€395 | |
| Profit (loss) for the period | 9904 | €4 | €1,060 | +€1,056 | +24,557% |
| Profit (loss) for the period to be appropriated | 9905 | €4 | €1,060 | +€1,056 | +24,557% |
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 30 October 2026 via checked.be.