L.K.C.: 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.K.C.
Largest movements
- Receivables within one year -€51,447
down €51,447 (-2.2%), from €2.3m to €2.2m
of which Other amounts receivable: -€55,682
- Short-term financial debts -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Reserves +€65,019
up €65,019 (+3.2%), from €2.1m to €2.1m
of which Distributable reserves: +€65,019
- Other debts -€50,916
down €50,916 (-4.9%), from €1.0m to €982,852
- Financial income +€40,053
up €40,053 (+89.3%), from €44,850 to €84,903
of which Non-recurring financial income: +€39,076
- Gross operating margin +€5,309
up €5,309 (+37.0%), from -€14,331 to -€9,022
- Financial charges -€346
down €346 (-4.5%), from €7,627 to €7,281
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 | €3,216,184 | €3,161,971 | -€54,213 | -1.7% |
| Fixed assets | 21/28 | €814,109 | €799,446 | -€14,663 | -1.8% |
| Tangible fixed assets | 22/27 | €27,466 | €24,946 | -€2,520 | -9.2% |
| Plant, machinery and equipment | 23 | €1,206 | €327 | -€879 | -72.9% |
| Other tangible fixed assets | 26 | €26,261 | €24,619 | -€1,642 | -6.3% |
| Financial fixed assets | 28 | €786,643 | €774,500 | -€12,143 | -1.5% |
| Current assets | 29/58 | €2,402,074 | €2,362,525 | -€39,550 | -1.6% |
| Amounts receivable after more than one year | 29 | €105,219 | €125,490 | +€20,271 | +19.3% |
| Other amounts receivable | 291 | €105,219 | €125,490 | +€20,271 | +19.3% |
| Amounts receivable within one year | 40/41 | €2,287,391 | €2,235,944 | -€51,447 | -2.2% |
| Trade receivables | 40 | €3,025 | €7,260 | +€4,235 | +140.0% |
| Other amounts receivable | 41 | €2,284,366 | €2,228,684 | -€55,682 | -2.4% |
| Cash at bank and in hand | 54/58 | €9,130 | €754 | -€8,376 | -91.7% |
| Deferred charges and accrued income | 490/1 | €334 | €337 | +€2 | +0.7% |
| Total equity and liabilities | 10/49 | €3,216,184 | €3,161,971 | -€54,213 | -1.7% |
| Equity | 10/15 | €2,112,166 | €2,177,186 | +€65,019 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,050,166 | €2,115,186 | +€65,019 | +3.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,043,966 | €2,108,986 | +€65,019 | +3.2% |
| Amounts payable | 17/49 | €1,104,017 | €984,785 | -€119,232 | -10.8% |
| Amounts payable within one year | 42/48 | €1,104,017 | €983,787 | -€120,230 | -10.9% |
| Financial debts | 43 | €70,000 | €0 | -€70,000 | -100.0% |
| Credit institutions | 430/8 | €70,000 | €0 | -€70,000 | -100.0% |
| Trade debts | 44 | €187 | €143 | -€43 | -23.1% |
| Suppliers | 440/4 | €187 | €143 | -€43 | -23.1% |
| Taxes, remuneration and social security | 45 | €62 | €791 | +€729 | +1167.8% |
| Taxes | 450/3 | €62 | €791 | +€729 | +1167.8% |
| Other amounts payable | 47/48 | €1,033,768 | €982,852 | -€50,916 | -4.9% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,520 | €2,520 | = | 0.0% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | -€14,331 | -€9,022 | +€5,309 | +37.0% |
| Operating profit (loss) | 9901 | -€17,881 | -€12,603 | +€5,278 | +29.5% |
| Financial income | 75/76B | €44,850 | €84,903 | +€40,053 | +89.3% |
| Recurring financial income | 75 | €44,850 | €45,827 | +€977 | +2.2% |
| Non-recurring financial income | 76B | - | €39,076 | +€39,076 | |
| Financial charges | 65/66B | €7,627 | €7,281 | -€346 | -4.5% |
| Recurring financial charges | 65 | €7,627 | €7,281 | -€346 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €19,342 | €65,019 | +€45,677 | +236.2% |
| Profit (loss) for the period | 9904 | €19,342 | €65,019 | +€45,677 | +236.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,342 | €65,019 | +€45,677 | +236.2% |
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.