L & C TRADE: 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.
What changed
L & C TRADE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€110,820
2024 · €99,567+€11,253
Equity
€709,680
2024 · €601,860+€107,820
Cash
€28
2024 · €0+€28
Balance sheet total
€1.3m
2024 · €920,986+€339,256
Largest movements
Assets
- Receivables within one year +€323,202
up €323,202 (+78.1%), from €413,775 to €736,977
of which Other amounts receivable: +€345,432
- Tangible fixed assets +€14,735
up €14,735 (+4.2%), from €352,717 to €367,452
of which Furniture and vehicles: +€31,259
Equity and liabilities
- Debts after one year +€230,358
up €230,358 (+163%), from €140,982 to €371,340
- Reserves +€107,820
up €107,820 (+19.0%), from €566,349 to €674,169
Income statement
- Depreciation -€14,119
down €14,119 (-41.5%), from €34,000 to €19,881
- Staff costs +€14,009
new in 2025: €14,009
- Taxes -€13,707
down €13,707 (-23.0%), from €59,570 to €45,864
- Gross operating margin -€9,317
down €9,317 (-5.0%), from €187,447 to €178,130
- Financial income +€4,414
up €4,414 (+17.5%), from €25,163 to €29,576
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.
Result 2024
€99,567
Gross operating margin
-€9,317
Staff costs
-€14,009
Depreciation
+€14,119
Other operating charges
+€1,277
Financial income
+€4,414
Financial charges
+€1,064
Taxes
+€13,707
Result 2025
€110,820
raises the resultlowers the result
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.
From operations
-€195,294
Investment
-€34,616
Financing
+€229,938
Cash 2024
€0
From operations (derived)
-€195,294
Net result for the year
+€110,820
Depreciation
+€19,881
Receivables within one year
-€323,202
Deferred charges and accrued income
-€1,291
Trade debts
-€4,313
Tax, wage and social debts
+€802
Other debts
+€3,000
Accrued charges and deferred income
-€991
Investment (derived)
-€34,616
Investment in fixed assets (net)
-€34,616
Financing
+€229,938
Debts after one year
+€230,358
Current portion of long-term debt
+€6,140
Short-term financial debts
-€3,560
Contributions, distributions and other
-€3,000
Cash 2025
€28
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €920,986 | €1,260,242 | +€339,256 | +36.8% |
| Fixed assets | 21/28 | €352,717 | €367,452 | +€14,735 | +4.2% |
| Tangible fixed assets | 22/27 | €352,717 | €367,452 | +€14,735 | +4.2% |
| Land and buildings | 22 | €349,883 | €332,130 | -€17,753 | -5.1% |
| Plant, machinery and equipment | 23 | €1,147 | €2,555 | +€1,408 | +123% |
| Furniture and vehicles | 24 | - | €31,259 | +€31,259 | |
| Other tangible fixed assets | 26 | €1,687 | €1,508 | -€179 | -10.6% |
| Current assets | 29/58 | €568,268 | €892,790 | +€324,521 | +57.1% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €413,775 | €736,977 | +€323,202 | +78.1% |
| Trade receivables | 40 | €22,230 | - | -€22,230 | |
| Other amounts receivable | 41 | €391,545 | €736,977 | +€345,432 | +88.2% |
| Cash at bank and in hand | 54/58 | €0 | €28 | +€28 | |
| Deferred charges and accrued income | 490/1 | €4,493 | €5,785 | +€1,291 | +28.7% |
| Total equity and liabilities | 10/49 | €920,986 | €1,260,242 | +€339,256 | +36.8% |
| Equity | 10/15 | €601,860 | €709,680 | +€107,820 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €566,349 | €674,169 | +€107,820 | +19.0% |
| Distributable reserves | 133 | €566,349 | €674,169 | +€107,820 | +19.0% |
| Profit (loss) carried forward | 14 | €16,910 | €16,910 | = | 0.0% |
| Amounts payable | 17/49 | €319,126 | €550,562 | +€231,436 | +72.5% |
| Amounts payable after more than one year | 17 | €140,982 | €371,340 | +€230,358 | +163% |
| Financial debts | 170/4 | €140,982 | €371,340 | +€230,358 | +163% |
| Amounts payable within one year | 42/48 | €177,153 | €179,222 | +€2,069 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €35,979 | €42,119 | +€6,140 | +17.1% |
| Financial debts | 43 | €5,236 | €1,676 | -€3,560 | -68.0% |
| Credit institutions | 430/8 | €5,236 | €1,676 | -€3,560 | -68.0% |
| Trade debts | 44 | €10,292 | €5,979 | -€4,313 | -41.9% |
| Suppliers | 440/4 | €10,292 | €5,979 | -€4,313 | -41.9% |
| Taxes, remuneration and social security | 45 | €125,647 | €126,449 | +€802 | +0.6% |
| Taxes | 450/3 | €125,647 | €124,651 | -€995 | -0.8% |
| Remuneration and social security | 454/9 | - | €1,797 | +€1,797 | |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | €991 | - | -€991 | |
| Remuneration, social security and pensions | 62 | - | €14,009 | +€14,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,000 | €19,881 | -€14,119 | -41.5% |
| Other operating charges | 640/8 | €6,253 | €4,976 | -€1,277 | -20.4% |
| Gross operating margin | 9900 | €187,447 | €178,130 | -€9,317 | -5.0% |
| Operating profit (loss) | 9901 | €147,194 | €139,263 | -€7,931 | -5.4% |
| Financial income | 75/76B | €25,163 | €29,576 | +€4,414 | +17.5% |
| Recurring financial income | 75 | €25,163 | €29,576 | +€4,414 | +17.5% |
| Financial charges | 65/66B | €13,220 | €12,156 | -€1,064 | -8.1% |
| Recurring financial charges | 65 | €13,220 | €12,156 | -€1,064 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €159,137 | €156,684 | -€2,453 | -1.5% |
| Income taxes | 67/77 | €59,570 | €45,864 | -€13,707 | -23.0% |
| Profit (loss) for the period | 9904 | €99,567 | €110,820 | +€11,253 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €99,567 | €110,820 | +€11,253 | +11.3% |
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 31 October 2026 via checked.be.