L & C TRADING: 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 TRADING
Largest movements
- Tangible fixed assets -€171,164
down €171,164 (-3.3%), from €5.2m to €5.0m
of which Land and buildings: -€167,734
- Cash +€55,543
up €55,543 (+144%), from €38,527 to €94,070
mainly Contributions, distributions and other (+€3.8m) and Depreciation (+€171,164)
- Contributions +€3.8m
up €3.8m (+20,430%), from €18,600 to €3.8m
- Debts after one year -€3.8m
down €3.8m (-75.8%), from €5.0m to €1.2m
- Profit (loss) carried forward -€123,204
down €123,204 (-117%), from -€104,855 to -€228,059
- Depreciation -€111,579
down €111,579 (-39.5%), from €282,742 to €171,164
- Gross operating margin -€100,000
down €100,000 (-50.9%), from €196,281 to €96,281
- Financial charges -€9,655
down €9,655 (-18.2%), from €53,089 to €43,434
- Write-downs -€2,664
down €2,664 (-83.9%), from €3,174 to €510
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 | €5,210,846 | €5,086,807 | -€124,039 | -2.4% |
| Fixed assets | 21/28 | €5,156,234 | €4,985,070 | -€171,164 | -3.3% |
| Tangible fixed assets | 22/27 | €5,156,234 | €4,985,070 | -€171,164 | -3.3% |
| Land and buildings | 22 | €5,149,375 | €4,981,641 | -€167,734 | -3.3% |
| Plant, machinery and equipment | 23 | €6,859 | €3,430 | -€3,430 | -50.0% |
| Current assets | 29/58 | €54,612 | €101,737 | +€47,125 | +86.3% |
| Amounts receivable within one year | 40/41 | €9,246 | €1,050 | -€8,196 | -88.6% |
| Trade receivables | 40 | €9,073 | €850 | -€8,223 | -90.6% |
| Other amounts receivable | 41 | €173 | €199 | +€27 | +15.4% |
| Cash at bank and in hand | 54/58 | €38,527 | €94,070 | +€55,543 | +144% |
| Deferred charges and accrued income | 490/1 | €6,840 | €6,617 | -€223 | -3.3% |
| Total equity and liabilities | 10/49 | €5,210,846 | €5,086,807 | -€124,039 | -2.4% |
| Equity | 10/15 | €103,168 | €3,772,431 | +€3.7m | +3,557% |
| Contributions | 10/11 | €18,600 | €3,818,600 | +€3.8m | +20,430% |
| Reserves | 13 | €189,423 | €181,890 | -€7,533 | -4.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €187,563 | €180,030 | -€7,533 | -4.0% |
| Profit (loss) carried forward | 14 | -€104,855 | -€228,059 | -€123,204 | -117% |
| Provisions and deferred taxes | 16 | €96,580 | €92,701 | -€3,879 | -4.0% |
| Deferred taxes | 168 | €96,580 | €92,701 | -€3,879 | -4.0% |
| Amounts payable | 17/49 | €5,011,099 | €1,221,675 | -€3.8m | -75.6% |
| Amounts payable after more than one year | 17 | €5,010,006 | €1,210,006 | -€3.8m | -75.8% |
| Financial debts | 170/4 | €5,010,006 | €1,210,006 | -€3.8m | -75.8% |
| Amounts payable within one year | 42/48 | €1,093 | - | -€1,093 | |
| Trade debts | 44 | €1,093 | - | -€1,093 | |
| Suppliers | 440/4 | €1,093 | - | -€1,093 | |
| Accrued charges and deferred income | 492/3 | - | €11,669 | +€11,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282,742 | €171,164 | -€111,579 | -39.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,174 | €510 | -€2,664 | -83.9% |
| Other operating charges | 640/8 | €15,340 | €15,788 | +€449 | +2.9% |
| Gross operating margin | 9900 | €196,281 | €96,281 | -€100,000 | -50.9% |
| Operating profit (loss) | 9901 | -€104,975 | -€91,181 | +€13,793 | +13.1% |
| Financial charges | 65/66B | €53,089 | €43,434 | -€9,655 | -18.2% |
| Recurring financial charges | 65 | €53,089 | €43,434 | -€9,655 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€158,063 | -€134,615 | +€23,448 | +14.8% |
| Transfer from deferred taxes | 780 | €3,879 | €3,879 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€154,185 | -€130,736 | +€23,448 | +15.2% |
| Transfer from tax-exempt reserves | 789 | €7,533 | €7,533 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€146,652 | -€123,204 | +€23,448 | +16.0% |
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 26 October 2026 via checked.be.