L.K. SYSTEMS: 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. SYSTEMS
Largest movements
- Cash +€130,966
up €130,966 (+303%), from €43,275 to €174,242
mainly Current investments (+€120,000) and Depreciation (+€6,913)
- Current investments -€120,000
down €120,000 (-100%), from €120,000 to €0
- Tangible fixed assets -€6,913
down €6,913 (-6.0%), from €115,633 to €108,720
- Reserves +€6,831
up €6,831 (+18.8%), from €36,357 to €43,188
- Gross operating margin +€2,873
up €2,873 (+17.6%), from €16,316 to €19,189
- Financial income +€2,619
up €2,619 (+412%), from €636 to €3,256
- Depreciation -€1,284
down €1,284 (-15.7%), from €8,198 to €6,913
- Taxes +€1,146
up €1,146 (+143%), from €800 to €1,946
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 | €280,378 | €285,543 | +€5,165 | +1.8% |
| Fixed assets | 21/28 | €115,633 | €108,720 | -€6,913 | -6.0% |
| Tangible fixed assets | 22/27 | €115,633 | €108,720 | -€6,913 | -6.0% |
| Land and buildings | 22 | €115,633 | €108,720 | -€6,913 | -6.0% |
| Current assets | 29/58 | €164,745 | €176,823 | +€12,078 | +7.3% |
| Amounts receivable within one year | 40/41 | €1,470 | €1,949 | +€480 | +32.6% |
| Other amounts receivable | 41 | €1,470 | €1,949 | +€480 | +32.6% |
| Current investments | 50/53 | €120,000 | €0 | -€120,000 | -100% |
| Cash at bank and in hand | 54/58 | €43,275 | €174,242 | +€130,966 | +303% |
| Deferred charges and accrued income | 490/1 | - | €632 | +€632 | |
| Total equity and liabilities | 10/49 | €280,378 | €285,543 | +€5,165 | +1.8% |
| Equity | 10/15 | €277,602 | €284,433 | +€6,831 | +2.5% |
| Contributions | 10/11 | €241,245 | €241,245 | = | 0.0% |
| Reserves | 13 | €36,357 | €43,188 | +€6,831 | +18.8% |
| Distributable reserves | 133 | €36,357 | €43,188 | +€6,831 | +18.8% |
| Amounts payable | 17/49 | €2,776 | €1,110 | -€1,666 | -60.0% |
| Amounts payable after more than one year | 17 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,776 | €110 | -€1,666 | -93.8% |
| Trade debts | 44 | €974 | €69 | -€905 | -92.9% |
| Suppliers | 440/4 | €974 | €69 | -€905 | -92.9% |
| Taxes, remuneration and social security | 45 | €803 | €41 | -€761 | -94.9% |
| Taxes | 450/3 | €803 | €41 | -€761 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,198 | €6,913 | -€1,284 | -15.7% |
| Other operating charges | 640/8 | €6,388 | €6,430 | +€41 | +0.6% |
| Gross operating margin | 9900 | €16,316 | €19,189 | +€2,873 | +17.6% |
| Operating profit (loss) | 9901 | €1,730 | €5,847 | +€4,116 | +238% |
| Financial income | 75/76B | €636 | €3,256 | +€2,619 | +412% |
| Recurring financial income | 75 | €636 | €3,256 | +€2,619 | +412% |
| Financial charges | 65/66B | €251 | €326 | +€74 | +29.6% |
| Recurring financial charges | 65 | €251 | €326 | +€74 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €2,115 | €8,777 | +€6,661 | +315% |
| Income taxes | 67/77 | €800 | €1,946 | +€1,146 | +143% |
| Profit (loss) for the period | 9904 | €1,315 | €6,831 | +€5,516 | +419% |
| Profit (loss) for the period to be appropriated | 9905 | €1,315 | €6,831 | +€5,516 | +419% |
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 15 October 2026 via checked.be.