LC COMPANY: 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 COMPANY
Largest movements
- Tangible fixed assets -€95,843
down €95,843 (-22.4%), from €428,090 to €332,247
of which Plant, machinery and equipment: -€94,591
- Receivables within one year -€37,171
down €37,171 (-20.7%), from €179,423 to €142,252
of which Trade receivables: -€145,931
- Stocks and contracts -€33,072
down €33,072 (-6.7%), from €490,458 to €457,386
- Reserves -€299,332
down €299,332 (-87.2%), from €343,299 to €43,967
of which Distributable reserves: -€299,332
- Trade debts +€188,215
up €188,215 (+103.5%), from €181,815 to €370,031
- Debts after one year -€62,601
down €62,601 (-47.9%), from €130,699 to €68,097
- Other debts +€35,258
up €35,258 (+29.1%), from €121,173 to €156,431
- Tax, wage and social debts -€30,389
down €30,389 (-55.1%), from €55,136 to €24,746
of which Taxes: -€33,556
- Gross operating margin -€221,535
down €221,535 (-60.9%), from €363,911 to €142,376
- Staff costs -€57,037
down €57,037 (-32.3%), from €176,668 to €119,631
- Taxes -€28,036
down €28,036 (-100.0%), from €28,038 to €1
- Financial charges +€25,612
up €25,612 (+90.1%), from €28,423 to €54,035
- Financial income -€11,437
down €11,437 (-81.4%), from €14,051 to €2,614
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,121,917 | €951,038 | -€170,879 | -15.2% |
| Fixed assets | 21/28 | €443,911 | €348,068 | -€95,843 | -21.6% |
| Tangible fixed assets | 22/27 | €428,090 | €332,247 | -€95,843 | -22.4% |
| Plant, machinery and equipment | 23 | €350,180 | €255,589 | -€94,591 | -27.0% |
| Furniture and vehicles | 24 | €26,116 | €19,090 | -€7,026 | -26.9% |
| Leasing and similar rights | 25 | €29,356 | €22,017 | -€7,339 | -25.0% |
| Other tangible fixed assets | 26 | €22,438 | €35,551 | +€13,113 | +58.4% |
| Financial fixed assets | 28 | €15,821 | €15,821 | = | 0.0% |
| Current assets | 29/58 | €678,006 | €602,970 | -€75,036 | -11.1% |
| Stocks and contracts in progress | 3 | €490,458 | €457,386 | -€33,072 | -6.7% |
| Stocks | 30/36 | €490,458 | €457,386 | -€33,072 | -6.7% |
| Amounts receivable within one year | 40/41 | €179,423 | €142,252 | -€37,171 | -20.7% |
| Trade receivables | 40 | €174,769 | €28,838 | -€145,931 | -83.5% |
| Other amounts receivable | 41 | €4,654 | €113,414 | +€108,760 | +2336.7% |
| Cash at bank and in hand | 54/58 | €8,018 | €3,331 | -€4,687 | -58.5% |
| Deferred charges and accrued income | 490/1 | €107 | - | -€107 | |
| Total equity and liabilities | 10/49 | €1,121,917 | €951,038 | -€170,879 | -15.2% |
| Equity | 10/15 | €374,406 | €75,074 | -€299,332 | -79.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €343,299 | €43,967 | -€299,332 | -87.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €341,439 | €42,107 | -€299,332 | -87.7% |
| Profit (loss) carried forward | 14 | €12,507 | €12,507 | = | 0.0% |
| Amounts payable | 17/49 | €747,511 | €875,963 | +€128,453 | +17.2% |
| Amounts payable after more than one year | 17 | €130,699 | €68,097 | -€62,601 | -47.9% |
| Financial debts | 170/4 | €130,699 | €68,097 | -€62,601 | -47.9% |
| Amounts payable within one year | 42/48 | €616,667 | €807,866 | +€191,199 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €82,041 | €82,601 | +€561 | +0.7% |
| Financial debts | 43 | €176,503 | €174,057 | -€2,446 | -1.4% |
| Credit institutions | 430/8 | €56,503 | €54,057 | -€2,446 | -4.3% |
| Other loans | 439 | €120,000 | €120,000 | = | 0.0% |
| Trade debts | 44 | €181,815 | €370,031 | +€188,215 | +103.5% |
| Suppliers | 440/4 | €181,815 | €370,031 | +€188,215 | +103.5% |
| Taxes, remuneration and social security | 45 | €55,136 | €24,746 | -€30,389 | -55.1% |
| Taxes | 450/3 | €50,029 | €16,473 | -€33,556 | -67.1% |
| Remuneration and social security | 454/9 | €5,107 | €8,273 | +€3,167 | +62.0% |
| Other amounts payable | 47/48 | €121,173 | €156,431 | +€35,258 | +29.1% |
| Accrued charges and deferred income | 492/3 | €145 | - | -€145 | |
| Remuneration, social security and pensions | 62 | €176,668 | €119,631 | -€57,037 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,672 | €122,427 | -€8,245 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,209 | +€1,209 | |
| Other operating charges | 640/8 | €5,218 | €4,146 | -€1,071 | -20.5% |
| Non-recurring operating charges | 66A | €44,939 | €142,871 | +€97,932 | +217.9% |
| Gross operating margin | 9900 | €363,911 | €142,376 | -€221,535 | -60.9% |
| Operating profit (loss) | 9901 | €6,414 | -€247,909 | -€254,323 | |
| Financial income | 75/76B | €14,051 | €2,614 | -€11,437 | -81.4% |
| Recurring financial income | 75 | €14,051 | €2,614 | -€11,437 | -81.4% |
| Financial charges | 65/66B | €28,423 | €54,035 | +€25,612 | +90.1% |
| Recurring financial charges | 65 | €28,423 | €54,035 | +€25,612 | +90.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,959 | -€299,330 | -€291,372 | -3661.0% |
| Income taxes | 67/77 | €28,038 | €1 | -€28,036 | -100.0% |
| Profit (loss) for the period | 9904 | -€35,996 | -€299,332 | -€263,335 | -731.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,996 | -€299,332 | -€263,335 | -731.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.