L.C.T.: 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.T.
Largest movements
- Stocks and contracts +€493,071
up €493,071 (+1,420%), from €34,719 to €527,790
of which Stocks: +€493,071
- Cash -€319,532
down €319,532 (-66.8%), from €478,361 to €158,829
mainly Stocks and contracts (-€493,071) and Receivables within one year (-€262,411)
- Receivables within one year +€262,411
up €262,411 (+69.5%), from €377,340 to €639,751
of which Trade receivables: +€250,467
- Trade debts +€423,451
up €423,451 (+310%), from €136,758 to €560,209
- Short-term financial debts +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Profit (loss) carried forward -€30,415
down €30,415 (-5.3%), from €570,335 to €539,920
- Gross operating margin -€89,584
down €89,584 (-34.1%), from €262,975 to €173,391
- Taxes -€18,491
down €18,491 (-79.8%), from €23,179 to €4,688
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 | €908,208 | €1,340,695 | +€432,486 | +47.6% |
| Fixed assets | 21/28 | €15,610 | €12,805 | -€2,805 | -18.0% |
| Tangible fixed assets | 22/27 | €15,610 | €12,805 | -€2,805 | -18.0% |
| Plant, machinery and equipment | 23 | €4,398 | €3,688 | -€710 | -16.1% |
| Furniture and vehicles | 24 | €11,212 | €9,116 | -€2,096 | -18.7% |
| Current assets | 29/58 | €892,598 | €1,327,890 | +€435,291 | +48.8% |
| Stocks and contracts in progress | 3 | €34,719 | €527,790 | +€493,071 | +1,420% |
| Stocks | 30/36 | €34,719 | €527,790 | +€493,071 | +1,420% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €377,340 | €639,751 | +€262,411 | +69.5% |
| Trade receivables | 40 | €357,356 | €607,822 | +€250,467 | +70.1% |
| Other amounts receivable | 41 | €19,984 | €31,928 | +€11,944 | +59.8% |
| Cash at bank and in hand | 54/58 | €478,361 | €158,829 | -€319,532 | -66.8% |
| Deferred charges and accrued income | 490/1 | €2,179 | €1,520 | -€659 | -30.2% |
| Total equity and liabilities | 10/49 | €908,208 | €1,340,695 | +€432,486 | +47.6% |
| Equity | 10/15 | €608,954 | €578,539 | -€30,415 | -5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,027 | €20,027 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €20,027 | €20,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | €570,335 | €539,920 | -€30,415 | -5.3% |
| Amounts payable | 17/49 | €299,254 | €762,156 | +€462,901 | +155% |
| Amounts payable within one year | 42/48 | €299,254 | €762,156 | +€462,901 | +155% |
| Financial debts | 43 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Credit institutions | 430/8 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Trade debts | 44 | €136,758 | €560,209 | +€423,451 | +310% |
| Suppliers | 440/4 | €136,758 | €560,209 | +€423,451 | +310% |
| Advances received on contracts in progress | 46 | €453 | €1,523 | +€1,071 | +236% |
| Taxes, remuneration and social security | 45 | €22,754 | €15,423 | -€7,330 | -32.2% |
| Taxes | 450/3 | €6,227 | €0 | -€6,227 | -100% |
| Remuneration and social security | 454/9 | €16,527 | €15,423 | -€1,104 | -6.7% |
| Other amounts payable | 47/48 | €39,290 | €35,000 | -€4,290 | -10.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €145,095 | €143,763 | -€1,332 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,813 | €5,763 | -€2,050 | -26.2% |
| Other operating charges | 640/8 | €2,968 | €1,431 | -€1,537 | -51.8% |
| Gross operating margin | 9900 | €262,975 | €173,391 | -€89,584 | -34.1% |
| Operating profit (loss) | 9901 | €107,099 | €22,435 | -€84,665 | -79.1% |
| Financial income | 75/76B | €3,197 | €3,542 | +€346 | +10.8% |
| Recurring financial income | 75 | €3,197 | €3,542 | +€346 | +10.8% |
| Financial charges | 65/66B | €15,214 | €16,704 | +€1,490 | +9.8% |
| Recurring financial charges | 65 | €15,214 | €16,704 | +€1,490 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €95,082 | €9,273 | -€85,809 | -90.2% |
| Income taxes | 67/77 | €23,179 | €4,688 | -€18,491 | -79.8% |
| Profit (loss) for the period | 9904 | €71,903 | €4,585 | -€67,318 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,903 | €4,585 | -€67,318 | -93.6% |
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 24 October 2026 via checked.be.