LC ANTWERP: what changed
LC ANTWERP
Largest movements
- Cash -€47,906
down €47,906 (-50.6%), from €94,592 to €46,686
mainly Contributions, distributions and other (-€59,000) and Trade debts (-€36,334)
- Receivables within one year -€40,209
down €40,209 (-23.2%), from €173,581 to €133,372
of which Other amounts receivable: -€44,064
- Tangible fixed assets -€18,603
down €18,603 (-17.6%), from €105,783 to €87,180
of which Plant, machinery and equipment: -€17,769
- Reserves -€48,369
down €48,369 (-91.3%), from €52,993 to €4,624
- Trade debts -€36,334
down €36,334 (-24.1%), from €150,532 to €114,198
- Debts after one year -€17,000
down €17,000 (-31.6%), from €53,833 to €36,833
- Tax, wage and social debts -€13,215
down €13,215 (-11.5%), from €114,754 to €101,539
of which Taxes: -€9,743
- Accrued charges and deferred income +€10,471
up €10,471 (+189%), from €5,547 to €16,018
- Gross operating margin -€24,163
down €24,163 (-2.7%), from €885,210 to €861,048
- Depreciation +€15,445
up €15,445 (+115%), from €13,402 to €28,848
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,349 | €306,462 | -€104,887 | -25.5% |
| Fixed assets | 21/28 | €108,798 | €89,415 | -€19,383 | -17.8% |
| Tangible fixed assets | 22/27 | €105,783 | €87,180 | -€18,603 | -17.6% |
| Plant, machinery and equipment | 23 | €104,949 | €87,180 | -€17,769 | -16.9% |
| Furniture and vehicles | 24 | €833 | - | -€833 | |
| Financial fixed assets | 28 | €3,015 | €2,235 | -€780 | -25.9% |
| Current assets | 29/58 | €302,551 | €217,047 | -€85,505 | -28.3% |
| Stocks and contracts in progress | 3 | €34,379 | €36,990 | +€2,611 | +7.6% |
| Stocks | 30/36 | €34,379 | €36,990 | +€2,611 | +7.6% |
| Amounts receivable within one year | 40/41 | €173,581 | €133,372 | -€40,209 | -23.2% |
| Trade receivables | 40 | €428 | €4,283 | +€3,855 | +900% |
| Other amounts receivable | 41 | €173,153 | €129,089 | -€44,064 | -25.4% |
| Cash at bank and in hand | 54/58 | €94,592 | €46,686 | -€47,906 | -50.6% |
| Total equity and liabilities | 10/49 | €411,349 | €306,462 | -€104,887 | -25.5% |
| Equity | 10/15 | €72,993 | €24,624 | -€48,369 | -66.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,993 | €4,624 | -€48,369 | -91.3% |
| Distributable reserves | 133 | €52,993 | €4,624 | -€48,369 | -91.3% |
| Amounts payable | 17/49 | €338,356 | €281,838 | -€56,519 | -16.7% |
| Amounts payable after more than one year | 17 | €53,833 | €36,833 | -€17,000 | -31.6% |
| Financial debts | 170/4 | €53,833 | €36,833 | -€17,000 | -31.6% |
| Amounts payable within one year | 42/48 | €278,977 | €228,986 | -€49,990 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €13,691 | €13,249 | -€442 | -3.2% |
| Trade debts | 44 | €150,532 | €114,198 | -€36,334 | -24.1% |
| Suppliers | 440/4 | €150,532 | €114,198 | -€36,334 | -24.1% |
| Taxes, remuneration and social security | 45 | €114,754 | €101,539 | -€13,215 | -11.5% |
| Taxes | 450/3 | €26,315 | €16,572 | -€9,743 | -37.0% |
| Remuneration and social security | 454/9 | €88,439 | €84,967 | -€3,472 | -3.9% |
| Accrued charges and deferred income | 492/3 | €5,547 | €16,018 | +€10,471 | +189% |
| Remuneration, social security and pensions | 62 | €804,776 | €804,049 | -€728 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,402 | €28,848 | +€15,445 | +115% |
| Other operating charges | 640/8 | €8,785 | €10,085 | +€1,300 | +14.8% |
| Non-recurring operating charges | 66A | €5,000 | - | -€5,000 | |
| Gross operating margin | 9900 | €885,210 | €861,048 | -€24,163 | -2.7% |
| Operating profit (loss) | 9901 | €53,247 | €18,067 | -€35,180 | -66.1% |
| Financial charges | 65/66B | €2,329 | €1,316 | -€1,012 | -43.5% |
| Recurring financial charges | 65 | €2,329 | €1,316 | -€1,012 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €50,918 | €16,750 | -€34,168 | -67.1% |
| Income taxes | 67/77 | €14,665 | €6,119 | -€8,546 | -58.3% |
| Profit (loss) for the period | 9904 | €36,254 | €10,631 | -€25,622 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,254 | €10,631 | -€25,622 | -70.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.