L.C. SATELLITE: 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. SATELLITE
Largest movements
- Tangible fixed assets +€5,773
up €5,773 (+227%), from €2,539 to €8,312
of which Plant, machinery and equipment: +€5,921
- Deferred charges and accrued income -€1,076
down €1,076 (-86.2%), from €1,249 to €172
- Stocks and contracts +€716
new in 2025: €716
- Receivables within one year -€638
down €638 (-11.8%), from €5,424 to €4,786
of which Trade receivables: -€620
- Profit (loss) carried forward +€23,126
up €23,126 (+62.6%), from -€36,949 to -€13,824
- Other debts -€13,796
down €13,796 (-32.3%), from €42,777 to €28,981
- Tax, wage and social debts -€3,492
down €3,492 (-19.3%), from €18,093 to €14,601
of which Remuneration and social security: -€2,710
- Trade debts -€1,539
down €1,539 (-11.1%), from €13,919 to €12,381
- Gross operating margin -€18,133
down €18,133 (-39.8%), from €45,506 to €27,373
- Staff costs -€10,630
down €10,630 (-96.4%), from €11,026 to €396
- Depreciation -€3,748
down €3,748 (-65.2%), from €5,749 to €2,001
- Other operating charges +€933
up €933 (+601%), from €155 to €1,088
- Financial charges +€589
up €589 (+329%), from €179 to €768
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 | €56,440 | €60,740 | +€4,299 | +7.6% |
| Fixed assets | 21/28 | €6,139 | €11,912 | +€5,773 | +94.0% |
| Tangible fixed assets | 22/27 | €2,539 | €8,312 | +€5,773 | +227% |
| Plant, machinery and equipment | 23 | €2,391 | €8,312 | +€5,921 | +248% |
| Furniture and vehicles | 24 | €148 | €0 | -€148 | -100% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €50,301 | €48,828 | -€1,473 | -2.9% |
| Stocks and contracts in progress | 3 | - | €716 | +€716 | |
| Stocks | 30/36 | - | €716 | +€716 | |
| Amounts receivable within one year | 40/41 | €5,424 | €4,786 | -€638 | -11.8% |
| Trade receivables | 40 | €5,405 | €4,786 | -€620 | -11.5% |
| Other amounts receivable | 41 | €19 | - | -€19 | |
| Cash at bank and in hand | 54/58 | €43,628 | €43,154 | -€474 | -1.1% |
| Deferred charges and accrued income | 490/1 | €1,249 | €172 | -€1,076 | -86.2% |
| Total equity and liabilities | 10/49 | €56,440 | €60,740 | +€4,299 | +7.6% |
| Equity | 10/15 | -€18,349 | €4,776 | +€23,126 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,949 | -€13,824 | +€23,126 | +62.6% |
| Amounts payable | 17/49 | €74,789 | €55,963 | -€18,826 | -25.2% |
| Amounts payable within one year | 42/48 | €74,789 | €55,963 | -€18,826 | -25.2% |
| Trade debts | 44 | €13,919 | €12,381 | -€1,539 | -11.1% |
| Suppliers | 440/4 | €13,919 | €12,381 | -€1,539 | -11.1% |
| Taxes, remuneration and social security | 45 | €18,093 | €14,601 | -€3,492 | -19.3% |
| Taxes | 450/3 | €10,870 | €10,089 | -€781 | -7.2% |
| Remuneration and social security | 454/9 | €7,223 | €4,513 | -€2,710 | -37.5% |
| Other amounts payable | 47/48 | €42,777 | €28,981 | -€13,796 | -32.3% |
| Remuneration, social security and pensions | 62 | €11,026 | €396 | -€10,630 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,749 | €2,001 | -€3,748 | -65.2% |
| Other operating charges | 640/8 | €155 | €1,088 | +€933 | +601% |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | €45,506 | €27,373 | -€18,133 | -39.8% |
| Operating profit (loss) | 9901 | €28,276 | €23,888 | -€4,388 | -15.5% |
| Financial income | 75/76B | €2 | €6 | +€4 | +153% |
| Recurring financial income | 75 | €2 | €6 | +€4 | +153% |
| Financial charges | 65/66B | €179 | €768 | +€589 | +329% |
| Recurring financial charges | 65 | €179 | €768 | +€589 | +329% |
| Profit (loss) for the period before taxes | 9903 | €28,099 | €23,126 | -€4,973 | -17.7% |
| Profit (loss) for the period | 9904 | €28,099 | €23,126 | -€4,973 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,099 | €23,126 | -€4,973 | -17.7% |
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 28 October 2026 via checked.be.