L.C.M. CONSULT: 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.C.M. CONSULT
Largest movements
- Tangible fixed assets -€22,799
down €22,799 (-6.4%), from €357,299 to €334,500
of which Land and buildings: -€14,553
- Cash -€20,858
down €20,858 (-9.9%), from €210,336 to €189,478
mainly Contributions, distributions and other (-€88,934) and Investment in fixed assets (net) (-€21,804)
- Receivables within one year +€10,584
up €10,584 (+3.7%), from €283,123 to €293,707
of which Other amounts receivable: +€26,325
- Debts after one year -€20,829
no longer reported in 2025 (was €20,829)
- Other debts -€13,794
down €13,794 (-13.6%), from €101,750 to €87,956
- Tax, wage and social debts +€12,581
up €12,581 (+45.6%), from €27,599 to €40,179
- Reserves -€10,485
down €10,485 (-3.7%), from €286,225 to €275,739
of which Distributable reserves: -€10,485
- Gross operating margin +€29,084
up €29,084 (+21.4%), from €136,051 to €165,135
- Taxes +€6,596
up €6,596 (+24.4%), from €26,985 to €33,581
- Other operating charges +€5,776
up €5,776 (+176%), from €3,275 to €9,051
- Financial income -€5,522
down €5,522 (-80.1%), from €6,894 to €1,372
- Financial charges -€4,325
down €4,325 (-84.0%), from €5,148 to €823
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 | €878,323 | €840,134 | -€38,189 | -4.3% |
| Fixed assets | 21/28 | €357,299 | €334,500 | -€22,799 | -6.4% |
| Tangible fixed assets | 22/27 | €357,299 | €334,500 | -€22,799 | -6.4% |
| Land and buildings | 22 | €336,870 | €322,317 | -€14,553 | -4.3% |
| Furniture and vehicles | 24 | €20,429 | €12,183 | -€8,246 | -40.4% |
| Current assets | 29/58 | €521,024 | €505,634 | -€15,390 | -3.0% |
| Amounts receivable within one year | 40/41 | €283,123 | €293,707 | +€10,584 | +3.7% |
| Trade receivables | 40 | €35,313 | €19,572 | -€15,741 | -44.6% |
| Other amounts receivable | 41 | €247,810 | €274,135 | +€26,325 | +10.6% |
| Current investments | 50/53 | €950 | €950 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €210,336 | €189,478 | -€20,858 | -9.9% |
| Deferred charges and accrued income | 490/1 | €26,616 | €21,499 | -€5,117 | -19.2% |
| Total equity and liabilities | 10/49 | €878,323 | €840,134 | -€38,189 | -4.3% |
| Equity | 10/15 | €701,512 | €691,027 | -€10,485 | -1.5% |
| Contributions | 10/11 | €6,507 | €6,507 | = | 0.0% |
| Reserves | 13 | €286,225 | €275,739 | -€10,485 | -3.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,381 | €66,381 | = | 0.0% |
| Distributable reserves | 133 | €217,984 | €207,499 | -€10,485 | -4.8% |
| Profit (loss) carried forward | 14 | €408,780 | €408,780 | = | 0.0% |
| Amounts payable | 17/49 | €176,811 | €149,107 | -€27,704 | -15.7% |
| Amounts payable after more than one year | 17 | €20,829 | - | -€20,829 | |
| Financial debts | 170/4 | €20,829 | - | -€20,829 | |
| Amounts payable within one year | 42/48 | €152,930 | €148,963 | -€3,967 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €22,010 | €20,829 | -€1,181 | -5.4% |
| Trade debts | 44 | €1,572 | - | -€1,572 | |
| Suppliers | 440/4 | €1,572 | - | -€1,572 | |
| Taxes, remuneration and social security | 45 | €27,599 | €40,179 | +€12,581 | +45.6% |
| Taxes | 450/3 | €27,599 | €40,179 | +€12,581 | +45.6% |
| Other amounts payable | 47/48 | €101,750 | €87,956 | -€13,794 | -13.6% |
| Accrued charges and deferred income | 492/3 | €3,053 | €144 | -€2,908 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,684 | €44,603 | +€2,919 | +7.0% |
| Other operating charges | 640/8 | €3,275 | €9,051 | +€5,776 | +176% |
| Gross operating margin | 9900 | €136,051 | €165,135 | +€29,084 | +21.4% |
| Operating profit (loss) | 9901 | €91,092 | €111,481 | +€20,389 | +22.4% |
| Financial income | 75/76B | €6,894 | €1,372 | -€5,522 | -80.1% |
| Recurring financial income | 75 | €6,894 | €1,372 | -€5,522 | -80.1% |
| Financial charges | 65/66B | €5,148 | €823 | -€4,325 | -84.0% |
| Recurring financial charges | 65 | €5,148 | €823 | -€4,325 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €92,838 | €112,030 | +€19,192 | +20.7% |
| Income taxes | 67/77 | €26,985 | €33,581 | +€6,596 | +24.4% |
| Profit (loss) for the period | 9904 | €65,852 | €78,448 | +€12,596 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,852 | €78,448 | +€12,596 | +19.1% |
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 29 October 2026 via checked.be.