LC Advies: 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.
LC Advies
Largest movements
- Cash +€148,731
up €148,731 (+29.0%), from €512,799 to €661,531
mainly Net result for the year (+€130,941) and Depreciation (+€16,031)
- Tangible fixed assets -€16,031
down €16,031 (-25.6%), from €62,560 to €46,530
- Reserves +€130,941
up €130,941 (+22.0%), from €594,160 to €725,101
- Gross operating margin -€24,987
down €24,987 (-10.9%), from €229,174 to €204,187
- Financial income +€6,460
new in 2025: €6,460
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 | €629,557 | €760,190 | +€130,633 | +20.7% |
| Fixed assets | 21/28 | €62,560 | €46,530 | -€16,031 | -25.6% |
| Tangible fixed assets | 22/27 | €62,560 | €46,530 | -€16,031 | -25.6% |
| Furniture and vehicles | 24 | €62,560 | €46,530 | -€16,031 | -25.6% |
| Current assets | 29/58 | €566,997 | €713,660 | +€146,664 | +25.9% |
| Amounts receivable within one year | 40/41 | €53,710 | €51,770 | -€1,941 | -3.6% |
| Trade receivables | 40 | €39,094 | €39,777 | +€684 | +1.7% |
| Other amounts receivable | 41 | €14,617 | €11,992 | -€2,624 | -18.0% |
| Cash at bank and in hand | 54/58 | €512,799 | €661,531 | +€148,731 | +29.0% |
| Deferred charges and accrued income | 490/1 | €487 | €360 | -€127 | -26.1% |
| Total equity and liabilities | 10/49 | €629,557 | €760,190 | +€130,633 | +20.7% |
| Equity | 10/15 | €604,160 | €735,101 | +€130,941 | +21.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €594,160 | €725,101 | +€130,941 | +22.0% |
| Distributable reserves | 133 | €594,160 | €725,101 | +€130,941 | +22.0% |
| Amounts payable | 17/49 | €25,397 | €25,089 | -€308 | -1.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €25,299 | €25,073 | -€225 | -0.9% |
| Trade debts | 44 | €698 | €517 | -€181 | -26.0% |
| Suppliers | 440/4 | €698 | €517 | -€181 | -26.0% |
| Taxes, remuneration and social security | 45 | €24,575 | €24,519 | -€56 | -0.2% |
| Taxes | 450/3 | €24,575 | €24,519 | -€56 | -0.2% |
| Other amounts payable | 47/48 | €26 | €38 | +€12 | +45.9% |
| Accrued charges and deferred income | 492/3 | €99 | €16 | -€83 | -84.1% |
| Non-recurring operating income | 76A | €31,128 | €0 | -€31,128 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,231 | €16,031 | -€200 | -1.2% |
| Other operating charges | 640/8 | €910 | €610 | -€301 | -33.0% |
| Gross operating margin | 9900 | €229,174 | €204,187 | -€24,987 | -10.9% |
| Operating profit (loss) | 9901 | €212,033 | €187,547 | -€24,485 | -11.5% |
| Financial income | 75/76B | - | €6,460 | +€6,460 | |
| Recurring financial income | 75 | - | €6,460 | +€6,460 | |
| Financial charges | 65/66B | €74 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €74 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €211,959 | €193,937 | -€18,022 | -8.5% |
| Income taxes | 67/77 | €64,527 | €62,996 | -€1,532 | -2.4% |
| Profit (loss) for the period | 9904 | €147,432 | €130,941 | -€16,490 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €147,432 | €130,941 | -€16,490 | -11.2% |
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 17 October 2026 via checked.be.