L.S. Solutions: 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.S. Solutions
Largest movements
- Financial fixed assets +€232,500
new in 2025: €232,500
- Tangible fixed assets +€139,823
up €139,823 (+24.7%), from €566,522 to €706,345
of which Land and buildings: +€208,365
- Cash +€120,698
up €120,698 (+122%), from €99,013 to €219,710
mainly Debts after one year (+€225,021) and Trade debts (+€207,991)
- Receivables within one year +€18,960
up €18,960 (+23.0%), from €82,292 to €101,253
of which Trade receivables: +€24,577
- Debts after one year +€225,021
up €225,021 (+66.8%), from €336,743 to €561,764
- Trade debts +€207,991
up €207,991 (+712%), from €29,192 to €237,183
- Reserves +€67,872
up €67,872 (+24.1%), from €281,263 to €349,135
- Current portion of long-term debt +€14,482
up €14,482 (+18.3%), from €78,949 to €93,431
- Depreciation -€38,652
down €38,652 (-37.2%), from €103,783 to €65,131
- Other operating charges +€20,451
up €20,451 (+488%), from €4,192 to €24,642
- Gross operating margin +€15,503
up €15,503 (+8.2%), from €188,100 to €203,603
- Taxes +€5,134
up €5,134 (+34.0%), from €15,094 to €20,228
- Financial charges +€4,895
up €4,895 (+37.4%), from €13,078 to €17,972
of which Financial charges: +€4,895
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 | €751,165 | €1,264,820 | +€513,655 | +68.4% |
| Fixed assets | 21/28 | €566,522 | €938,845 | +€372,323 | +65.7% |
| Tangible fixed assets | 22/27 | €566,522 | €706,345 | +€139,823 | +24.7% |
| Land and buildings | 22 | €292,050 | €500,415 | +€208,365 | +71.3% |
| Plant, machinery and equipment | 23 | €14,544 | €10,081 | -€4,463 | -30.7% |
| Furniture and vehicles | 24 | €259,928 | €195,849 | -€64,079 | -24.7% |
| Financial fixed assets | 28 | - | €232,500 | +€232,500 | |
| Current assets | 29/58 | €184,643 | €325,975 | +€141,332 | +76.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €82,292 | €101,253 | +€18,960 | +23.0% |
| Trade receivables | 40 | €64,727 | €89,304 | +€24,577 | +38.0% |
| Other amounts receivable | 41 | €17,565 | €11,949 | -€5,616 | -32.0% |
| Cash at bank and in hand | 54/58 | €99,013 | €219,710 | +€120,698 | +122% |
| Deferred charges and accrued income | 490/1 | €3,338 | €5,012 | +€1,673 | +50.1% |
| Total equity and liabilities | 10/49 | €751,165 | €1,264,820 | +€513,655 | +68.4% |
| Equity | 10/15 | €282,763 | €350,635 | +€67,872 | +24.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €281,263 | €349,135 | +€67,872 | +24.1% |
| Distributable reserves | 133 | €281,263 | €349,135 | +€67,872 | +24.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €468,402 | €914,185 | +€445,782 | +95.2% |
| Amounts payable after more than one year | 17 | €336,743 | €561,764 | +€225,021 | +66.8% |
| Financial debts | 170/4 | €336,743 | €561,764 | +€225,021 | +66.8% |
| Amounts payable within one year | 42/48 | €131,660 | €352,421 | +€220,761 | +168% |
| Current portion of amounts payable after more than one year | 42 | €78,949 | €93,431 | +€14,482 | +18.3% |
| Trade debts | 44 | €29,192 | €237,183 | +€207,991 | +712% |
| Suppliers | 440/4 | €29,192 | €237,183 | +€207,991 | +712% |
| Taxes, remuneration and social security | 45 | €15,536 | €14,673 | -€863 | -5.6% |
| Taxes | 450/3 | €15,536 | €12,973 | -€2,563 | -16.5% |
| Remuneration and social security | 454/9 | €0 | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €7,982 | €7,134 | -€848 | -10.6% |
| Non-recurring operating income | 76A | €1,500 | €22,757 | +€21,257 | +1,417% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,783 | €65,131 | -€38,652 | -37.2% |
| Other operating charges | 640/8 | €4,192 | €24,642 | +€20,451 | +488% |
| Non-recurring operating charges | 66A | - | €7,896 | +€7,896 | |
| Gross operating margin | 9900 | €188,100 | €203,603 | +€15,503 | +8.2% |
| Operating profit (loss) | 9901 | €80,125 | €105,934 | +€25,809 | +32.2% |
| Financial income | 75/76B | €236 | €138 | -€97 | -41.3% |
| Recurring financial income | 75 | €236 | €138 | -€97 | -41.3% |
| Financial charges | 65/66B | €13,078 | €17,972 | +€4,895 | +37.4% |
| Recurring financial charges | 65 | €13,078 | €17,972 | +€4,895 | +37.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €67,284 | €88,100 | +€20,817 | +30.9% |
| Income taxes | 67/77 | €15,094 | €20,228 | +€5,134 | +34.0% |
| Profit (loss) for the period | 9904 | €52,189 | €67,872 | +€15,683 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,189 | €67,872 | +€15,683 | +30.0% |
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 14 October 2026 via checked.be.