GROEP L.S.D.: 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.
GROEP L.S.D.
Largest movements
- Receivables within one year +€51,186
up €51,186 (+3,725%), from €1,374 to €52,560
of which Other amounts receivable: +€51,137
- Cash +€38,708
up €38,708 (+88.8%), from €43,566 to €82,274
mainly Trade debts (+€48,838) and Tax, wage and social debts (+€41,001)
- Trade debts +€48,838
up €48,838 (+6,143%), from €795 to €49,633
- Tax, wage and social debts +€41,001
up €41,001 (+71.0%), from €57,769 to €98,770
of which Taxes: +€29,858
- Profit (loss) carried forward +€14,985
up €14,985 (+109%), from €13,779 to €28,764
- Other debts -€13,794
down €13,794 (-13.8%), from €100,000 to €86,206
- Financial income -€16,358
down €16,358 (-50.8%), from €32,181 to €15,823
- Taxes -€10,260
down €10,260 (-69.6%), from €14,735 to €4,475
- Staff costs -€5,727
down €5,727 (-6.4%), from €89,406 to €83,679
- Other operating charges +€1,743
up €1,743 (+5.1%), from €34,515 to €36,258
- Gross operating margin +€1,567
up €1,567 (+1.3%), from €123,791 to €125,358
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 | €297,965 | €388,994 | +€91,029 | +30.6% |
| Fixed assets | 21/28 | €925 | €523 | -€402 | -43.4% |
| Tangible fixed assets | 22/27 | €925 | €523 | -€402 | -43.4% |
| Plant, machinery and equipment | 23 | €925 | - | -€925 | |
| Furniture and vehicles | 24 | - | €523 | +€523 | |
| Current assets | 29/58 | €297,040 | €388,471 | +€91,431 | +30.8% |
| Stocks and contracts in progress | 3 | €252,100 | €252,100 | = | 0.0% |
| Stocks | 30/36 | €252,100 | €252,100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,374 | €52,560 | +€51,186 | +3,725% |
| Trade receivables | 40 | - | €50 | +€50 | |
| Other amounts receivable | 41 | €1,374 | €52,511 | +€51,137 | +3,722% |
| Cash at bank and in hand | 54/58 | €43,566 | €82,274 | +€38,708 | +88.8% |
| Deferred charges and accrued income | 490/1 | - | €1,537 | +€1,537 | |
| Total equity and liabilities | 10/49 | €297,965 | €388,994 | +€91,029 | +30.6% |
| Equity | 10/15 | €139,401 | €154,386 | +€14,985 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €107,022 | €107,022 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €21,110 | +€19,250 | +1,035% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | - | €19,250 | +€19,250 | |
| Distributable reserves | 133 | €105,162 | €85,912 | -€19,250 | -18.3% |
| Profit (loss) carried forward | 14 | €13,779 | €28,764 | +€14,985 | +109% |
| Amounts payable | 17/49 | €158,564 | €234,608 | +€76,044 | +48.0% |
| Amounts payable within one year | 42/48 | €158,564 | €234,608 | +€76,044 | +48.0% |
| Trade debts | 44 | €795 | €49,633 | +€48,838 | +6,143% |
| Suppliers | 440/4 | €795 | €49,633 | +€48,838 | +6,143% |
| Taxes, remuneration and social security | 45 | €57,769 | €98,770 | +€41,001 | +71.0% |
| Taxes | 450/3 | €24,996 | €54,854 | +€29,858 | +119% |
| Remuneration and social security | 454/9 | €32,773 | €43,915 | +€11,142 | +34.0% |
| Other amounts payable | 47/48 | €100,000 | €86,206 | -€13,794 | -13.8% |
| Remuneration, social security and pensions | 62 | €89,406 | €83,679 | -€5,727 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,155 | €667 | -€488 | -42.3% |
| Other operating charges | 640/8 | €34,515 | €36,258 | +€1,743 | +5.1% |
| Gross operating margin | 9900 | €123,791 | €125,358 | +€1,567 | +1.3% |
| Operating profit (loss) | 9901 | -€1,285 | €4,754 | +€6,039 | |
| Financial income | 75/76B | €32,181 | €15,823 | -€16,358 | -50.8% |
| Recurring financial income | 75 | €32,181 | €15,823 | -€16,358 | -50.8% |
| Financial charges | 65/66B | €2,382 | €1,117 | -€1,265 | -53.1% |
| Recurring financial charges | 65 | €2,382 | €1,117 | -€1,265 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €28,514 | €19,460 | -€9,054 | -31.8% |
| Income taxes | 67/77 | €14,735 | €4,475 | -€10,260 | -69.6% |
| Profit (loss) for the period | 9904 | €13,779 | €14,985 | +€1,206 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,779 | €14,985 | +€1,206 | +8.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.