L.C - stables: 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 - stables
Largest movements
- Tangible fixed assets -€5,997
down €5,997 (-14.0%), from €42,863 to €36,866
of which Plant, machinery and equipment: -€10,616
- Receivables within one year -€4,930
down €4,930 (-94.3%), from €5,227 to €297
- Cash -€4,814
down €4,814 (-75.3%), from €6,396 to €1,582
mainly Investment in fixed assets (net) (-€10,177) and Net result for the year (-€10,035)
- Profit (loss) carried forward -€10,035
down €10,035, from €3,692 to -€6,342
- Trade debts -€8,349
down €8,349 (-74.7%), from €11,182 to €2,833
- Other debts +€5,380
up €5,380 (+11.9%), from €45,209 to €50,589
- Tax, wage and social debts -€1,877
no longer reported in 2025 (was €1,877)
- Advances received -€860
no longer reported in 2025 (was €860)
- Gross operating margin -€10,907
down €10,907 (-56.0%), from €19,466 to €8,558
- Taxes +€1,089
new in 2025: €1,089
- Depreciation +€950
up €950 (+6.2%), from €15,224 to €16,174
- Other operating charges +€362
up €362 (+72.4%), from €500 to €862
- Financial charges +€221
up €221 (+252.9%), from €88 to €309
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 | €62,820 | €47,079 | -€15,741 | -25.1% |
| Fixed assets | 21/28 | €42,863 | €36,866 | -€5,997 | -14.0% |
| Tangible fixed assets | 22/27 | €42,863 | €36,866 | -€5,997 | -14.0% |
| Land and buildings | 22 | €1,392 | €9,052 | +€7,661 | +550.4% |
| Plant, machinery and equipment | 23 | €29,321 | €18,705 | -€10,616 | -36.2% |
| Other tangible fixed assets | 26 | €12,150 | €9,109 | -€3,042 | -25.0% |
| Current assets | 29/58 | €19,957 | €10,213 | -€9,744 | -48.8% |
| Stocks and contracts in progress | 3 | €8,334 | €8,334 | = | 0.0% |
| Stocks | 30/36 | €8,334 | €8,334 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,227 | €297 | -€4,930 | -94.3% |
| Other amounts receivable | 41 | €5,227 | €297 | -€4,930 | -94.3% |
| Cash at bank and in hand | 54/58 | €6,396 | €1,582 | -€4,814 | -75.3% |
| Total equity and liabilities | 10/49 | €62,820 | €47,079 | -€15,741 | -25.1% |
| Equity | 10/15 | €3,692 | -€6,342 | -€10,035 | |
| Profit (loss) carried forward | 14 | €3,692 | -€6,342 | -€10,035 | |
| Amounts payable | 17/49 | €59,128 | €53,422 | -€5,706 | -9.7% |
| Amounts payable within one year | 42/48 | €59,128 | €53,422 | -€5,706 | -9.7% |
| Trade debts | 44 | €11,182 | €2,833 | -€8,349 | -74.7% |
| Suppliers | 440/4 | €11,182 | €2,833 | -€8,349 | -74.7% |
| Advances received on contracts in progress | 46 | €860 | - | -€860 | |
| Taxes, remuneration and social security | 45 | €1,877 | - | -€1,877 | |
| Taxes | 450/3 | €1,877 | - | -€1,877 | |
| Other amounts payable | 47/48 | €45,209 | €50,589 | +€5,380 | +11.9% |
| Remuneration, social security and pensions | 62 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,224 | €16,174 | +€950 | +6.2% |
| Other operating charges | 640/8 | €500 | €862 | +€362 | +72.4% |
| Gross operating margin | 9900 | €19,466 | €8,558 | -€10,907 | -56.0% |
| Operating profit (loss) | 9901 | €3,742 | -€8,637 | -€12,379 | |
| Financial income | 75/76B | €38 | - | -€38 | |
| Recurring financial income | 75 | €38 | - | -€38 | |
| Financial charges | 65/66B | €88 | €309 | +€221 | +252.9% |
| Recurring financial charges | 65 | €88 | €309 | +€221 | +252.9% |
| Profit (loss) for the period before taxes | 9903 | €3,692 | -€8,946 | -€12,638 | |
| Income taxes | 67/77 | - | €1,089 | +€1,089 | |
| Profit (loss) for the period | 9904 | €3,692 | -€10,035 | -€13,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,692 | -€10,035 | -€13,727 |
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 9 October 2026 via checked.be.