LC CONSULT: 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 CONSULT
Largest movements
- Stocks and contracts -€402,981
down €402,981 (-18.7%), from €2.1m to €1.7m
- Receivables within one year +€360,489
up €360,489 (+43.1%), from €836,855 to €1.2m
of which Other amounts receivable: +€487,375
- Tangible fixed assets +€246,235
up €246,235 (+42.0%), from €586,851 to €833,086
of which Land and buildings: +€237,213
- Advances received -€1.0m
down €1.0m (-57.5%), from €1.8m to €760,841
- Other debts +€849,454
up €849,454 (+128%), from €663,405 to €1.5m
- Reserves +€288,728
up €288,728 (+58.7%), from €491,583 to €780,312
of which Distributable reserves: +€162,428
- Current portion of long-term debt +€138,761
new in 2025: €138,761
- Debts after one year +€123,805
up €123,805 (+10.0%), from €1.2m to €1.4m
of which Financial debts: +€123,805
- Gross operating margin +€258,221
up €258,221 (+89.3%), from €289,172 to €547,393
- Taxes +€95,923
up €95,923 (+485%), from €19,783 to €115,706
- Financial charges -€47,535
down €47,535 (-30.6%), from €155,362 to €107,827
- Depreciation -€31,270
down €31,270 (-48.5%), from €64,487 to €33,217
- Financial income +€15,958
up €15,958 (+49.1%), from €32,508 to €48,466
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 | €4,564,802 | €4,757,268 | +€192,466 | +4.2% |
| Fixed assets | 21/28 | €763,111 | €1,029,081 | +€265,969 | +34.9% |
| Tangible fixed assets | 22/27 | €586,851 | €833,086 | +€246,235 | +42.0% |
| Land and buildings | 22 | €562,160 | €799,373 | +€237,213 | +42.2% |
| Plant, machinery and equipment | 23 | €5,173 | €2,232 | -€2,941 | -56.9% |
| Furniture and vehicles | 24 | €19,518 | €31,481 | +€11,963 | +61.3% |
| Financial fixed assets | 28 | €176,260 | €195,995 | +€19,735 | +11.2% |
| Current assets | 29/58 | €3,801,690 | €3,728,187 | -€73,503 | -1.9% |
| Stocks and contracts in progress | 3 | €2,149,409 | €1,746,428 | -€402,981 | -18.7% |
| Stocks | 30/36 | €2,149,409 | €1,746,428 | -€402,981 | -18.7% |
| Amounts receivable within one year | 40/41 | €836,855 | €1,197,344 | +€360,489 | +43.1% |
| Trade receivables | 40 | €177,372 | €50,486 | -€126,886 | -71.5% |
| Other amounts receivable | 41 | €659,483 | €1,146,858 | +€487,375 | +73.9% |
| Cash at bank and in hand | 54/58 | €791,185 | €766,168 | -€25,016 | -3.2% |
| Deferred charges and accrued income | 490/1 | €24,242 | €18,247 | -€5,995 | -24.7% |
| Total equity and liabilities | 10/49 | €4,564,802 | €4,757,268 | +€192,466 | +4.2% |
| Equity | 10/15 | €510,183 | €798,912 | +€288,728 | +56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €491,583 | €780,312 | +€288,728 | +58.7% |
| Tax-exempt reserves | 132 | €0 | €126,300 | +€126,300 | |
| Distributable reserves | 133 | €491,583 | €654,012 | +€162,428 | +33.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,054,619 | €3,958,356 | -€96,262 | -2.4% |
| Amounts payable after more than one year | 17 | €1,240,000 | €1,363,805 | +€123,805 | +10.0% |
| Financial debts | 170/4 | €240,000 | €363,805 | +€123,805 | +51.6% |
| Other amounts payable | 178/9 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,693,585 | €2,590,559 | -€103,025 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | - | €138,761 | +€138,761 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €98,188 | €135,076 | +€36,888 | +37.6% |
| Suppliers | 440/4 | €98,188 | €135,076 | +€36,888 | +37.6% |
| Advances received on contracts in progress | 46 | €1,791,340 | €760,841 | -€1.0m | -57.5% |
| Taxes, remuneration and social security | 45 | €140,652 | €43,023 | -€97,629 | -69.4% |
| Taxes | 450/3 | €138,962 | €36,246 | -€102,717 | -73.9% |
| Remuneration and social security | 454/9 | €1,690 | €6,777 | +€5,087 | +301% |
| Other amounts payable | 47/48 | €663,405 | €1,512,860 | +€849,454 | +128% |
| Accrued charges and deferred income | 492/3 | €121,034 | €3,992 | -€117,042 | -96.7% |
| Non-recurring operating income | 76A | - | €20,237 | +€20,237 | |
| Remuneration, social security and pensions | 62 | €35,137 | €44,859 | +€9,723 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,487 | €33,217 | -€31,270 | -48.5% |
| Other operating charges | 640/8 | €5,309 | €5,522 | +€212 | +4.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €289,172 | €547,393 | +€258,221 | +89.3% |
| Operating profit (loss) | 9901 | €184,239 | €463,795 | +€279,556 | +152% |
| Financial income | 75/76B | €32,508 | €48,466 | +€15,958 | +49.1% |
| Recurring financial income | 75 | €32,508 | €48,466 | +€15,958 | +49.1% |
| Financial charges | 65/66B | €155,362 | €107,827 | -€47,535 | -30.6% |
| Recurring financial charges | 65 | €155,362 | €107,827 | -€47,535 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €61,385 | €404,434 | +€343,049 | +559% |
| Income taxes | 67/77 | €19,783 | €115,706 | +€95,923 | +485% |
| Profit (loss) for the period | 9904 | €41,602 | €288,728 | +€247,126 | +594% |
| Transfer from tax-exempt reserves | 789 | €63,150 | €0 | -€63,150 | -100% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,752 | €162,428 | +€57,676 | +55.1% |
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 15 October 2026 via checked.be.