L.C.N.CONSTRUCT: 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.N.CONSTRUCT
Largest movements
- Cash +€21,781
up €21,781 (+95.9%), from €22,720 to €44,501
mainly Net result for the year (+€15,844) and Depreciation (+€4,772)
- Tangible fixed assets -€4,772
no longer reported in 2025 (was €4,772)
- Receivables within one year +€2,414
up €2,414 (+11.6%), from €20,888 to €23,303
of which Other amounts receivable: +€3,591
- Reserves +€15,844
up €15,844 (+17.7%), from €89,531 to €105,375
of which Distributable reserves: +€15,844
- Tax, wage and social debts +€3,519
new in 2025: €3,519
of which Taxes: +€3,355
- Gross operating margin +€10,687
up €10,687 (+64.9%), from €16,472 to €27,159
- Taxes +€3,828
up €3,828 (+108.1%), from €3,541 to €7,369
- Depreciation -€1,189
down €1,189 (-19.9%), from €5,961 to €4,772
- Financial income -€353
down €353 (-15.9%), from €2,224 to €1,871
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.
Cash bridge derived
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 | €140,583 | €159,902 | +€19,319 | +13.7% |
| Fixed assets | 21/28 | €4,772 | - | -€4,772 | |
| Tangible fixed assets | 22/27 | €4,772 | - | -€4,772 | |
| Furniture and vehicles | 24 | €4,772 | - | -€4,772 | |
| Current assets | 29/58 | €135,811 | €159,902 | +€24,091 | +17.7% |
| Amounts receivable within one year | 40/41 | €20,888 | €23,303 | +€2,414 | +11.6% |
| Trade receivables | 40 | €3,943 | €2,766 | -€1,177 | -29.8% |
| Other amounts receivable | 41 | €16,945 | €20,537 | +€3,591 | +21.2% |
| Current investments | 50/53 | €91,203 | €91,203 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,720 | €44,501 | +€21,781 | +95.9% |
| Deferred charges and accrued income | 490/1 | €1,000 | €895 | -€104 | -10.4% |
| Total equity and liabilities | 10/49 | €140,583 | €159,902 | +€19,319 | +13.7% |
| Equity | 10/15 | €140,478 | €156,322 | +€15,844 | +11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,531 | €105,375 | +€15,844 | +17.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €87,671 | €103,515 | +€15,844 | +18.1% |
| Profit (loss) carried forward | 14 | €44,747 | €44,747 | = | 0.0% |
| Amounts payable | 17/49 | €105 | €3,580 | +€3,475 | +3304.4% |
| Amounts payable within one year | 42/48 | €105 | €3,580 | +€3,475 | +3304.4% |
| Trade debts | 44 | €105 | €62 | -€44 | -41.5% |
| Suppliers | 440/4 | €105 | €62 | -€44 | -41.5% |
| Taxes, remuneration and social security | 45 | - | €3,519 | +€3,519 | |
| Taxes | 450/3 | - | €3,355 | +€3,355 | |
| Remuneration and social security | 454/9 | - | €164 | +€164 | |
| Remuneration, social security and pensions | 62 | - | €147 | +€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,961 | €4,772 | -€1,189 | -19.9% |
| Other operating charges | 640/8 | €703 | €813 | +€110 | +15.7% |
| Gross operating margin | 9900 | €16,472 | €27,159 | +€10,687 | +64.9% |
| Operating profit (loss) | 9901 | €9,808 | €21,427 | +€11,619 | +118.5% |
| Financial income | 75/76B | €2,224 | €1,871 | -€353 | -15.9% |
| Recurring financial income | 75 | €2,224 | €1,871 | -€353 | -15.9% |
| Financial charges | 65/66B | €139 | €85 | -€55 | -39.1% |
| Recurring financial charges | 65 | €139 | €85 | -€55 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €11,893 | €23,214 | +€11,320 | +95.2% |
| Income taxes | 67/77 | €3,541 | €7,369 | +€3,828 | +108.1% |
| Profit (loss) for the period | 9904 | €8,352 | €15,844 | +€7,492 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,352 | €15,844 | +€7,492 | +89.7% |
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 11 October 2026 via checked.be.