LC²: 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.
LC²
Largest movements
- Stocks and contracts -€559,254
down €559,254 (-100.0%), from €559,254 to €0
- Receivables within one year +€53,943
up €53,943 (+1742.4%), from €3,096 to €57,038
of which Other amounts receivable: +€52,884
- Current investments +€34,590
new in 2025: €34,590
- Debts after one year -€464,000
down €464,000 (-100.0%), from €464,000 to €0
- Other debts -€76,902
down €76,902 (-97.5%), from €78,885 to €1,983
- Profit (loss) carried forward +€36,088
up €36,088, from -€10,513 to €25,576
- Trade debts +€21,223
up €21,223 (+4234.1%), from €501 to €21,725
- Tax, wage and social debts +€13,451
up €13,451 (+4212.0%), from €319 to €13,771
- Gross operating margin +€62,842
up €62,842, from -€3,975 to €58,867
- Taxes +€13,451
up €13,451 (+4212.0%), from €319 to €13,771
- Financial charges +€7,599
up €7,599 (+3978.9%), from €191 to €7,789
- Other operating charges -€2,919
down €2,919 (-70.6%), from €4,137 to €1,218
- Depreciation -€1,890
down €1,890 (-100.0%), from €1,890 to €0
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 | €563,050 | €92,911 | -€470,139 | -83.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €563,050 | €92,911 | -€470,139 | -83.5% |
| Stocks and contracts in progress | 3 | €559,254 | €0 | -€559,254 | -100.0% |
| Stocks | 30/36 | €559,254 | €0 | -€559,254 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,096 | €57,038 | +€53,943 | +1742.4% |
| Trade receivables | 40 | €0 | €1,059 | +€1,059 | |
| Other amounts receivable | 41 | €3,096 | €55,980 | +€52,884 | +1708.2% |
| Current investments | 50/53 | - | €34,590 | +€34,590 | |
| Cash at bank and in hand | 54/58 | €432 | €960 | +€528 | +122.2% |
| Deferred charges and accrued income | 490/1 | €268 | €322 | +€54 | +20.2% |
| Total equity and liabilities | 10/49 | €563,050 | €92,911 | -€470,139 | -83.5% |
| Equity | 10/15 | €19,344 | €55,432 | +€36,088 | +186.6% |
| Contributions | 10/11 | €26,200 | €26,200 | = | 0.0% |
| Reserves | 13 | €3,657 | €3,657 | = | 0.0% |
| Distributable reserves | 133 | €3,657 | €3,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,513 | €25,576 | +€36,088 | |
| Amounts payable | 17/49 | €543,706 | €37,478 | -€506,227 | -93.1% |
| Amounts payable after more than one year | 17 | €464,000 | €0 | -€464,000 | -100.0% |
| Financial debts | 170/4 | €464,000 | €0 | -€464,000 | -100.0% |
| Amounts payable within one year | 42/48 | €79,706 | €37,478 | -€42,227 | -53.0% |
| Trade debts | 44 | €501 | €21,725 | +€21,223 | +4234.1% |
| Suppliers | 440/4 | €501 | €21,725 | +€21,223 | +4234.1% |
| Taxes, remuneration and social security | 45 | €319 | €13,771 | +€13,451 | +4212.0% |
| Taxes | 450/3 | €319 | €13,771 | +€13,451 | +4212.0% |
| Other amounts payable | 47/48 | €78,885 | €1,983 | -€76,902 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,890 | €0 | -€1,890 | -100.0% |
| Other operating charges | 640/8 | €4,137 | €1,218 | -€2,919 | -70.6% |
| Gross operating margin | 9900 | -€3,975 | €58,867 | +€62,842 | |
| Operating profit (loss) | 9901 | -€10,002 | €57,649 | +€67,651 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €191 | €7,789 | +€7,599 | +3978.9% |
| Recurring financial charges | 65 | €191 | €7,789 | +€7,599 | +3978.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,193 | €49,859 | +€60,052 | |
| Income taxes | 67/77 | €319 | €13,771 | +€13,451 | +4212.0% |
| Profit (loss) for the period | 9904 | -€10,513 | €36,088 | +€46,601 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,513 | €36,088 | +€46,601 |
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 12 October 2026 via checked.be.