LC GROUP: 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 GROUP
Largest movements
- Receivables within one year +€123,131
up €123,131 (+48.5%), from €253,617 to €376,748
of which Trade receivables: +€130,714
- Tangible fixed assets -€108,150
down €108,150 (-17.2%), from €628,755 to €520,606
of which Leasing and similar rights: -€68,496
- Deferred charges and accrued income +€62,487
up €62,487 (+144.8%), from €43,156 to €105,644
- Debts after one year -€282,639
down €282,639 (-41.4%), from €683,430 to €400,790
- Current portion of long-term debt +€199,313
new in 2025: €199,313
- Short-term financial debts +€75,034
up €75,034 (+139.8%), from €53,668 to €128,702
- Reserves +€40,000
up €40,000 (+91.2%), from €43,860 to €83,860
of which Distributable reserves: +€40,000
- Trade debts +€35,836
up €35,836 (+41.4%), from €86,474 to €122,310
- Gross operating margin +€249,262
up €249,262 (+40.4%), from €617,541 to €866,803
- Staff costs +€201,843
up €201,843 (+59.5%), from €339,251 to €541,094
- Taxes +€23,796
up €23,796 (+684.3%), from €3,477 to €27,273
- Other operating charges -€11,616
down €11,616 (-27.3%), from €42,580 to €30,964
- Depreciation -€11,044
down €11,044 (-6.4%), from €172,536 to €161,493
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 | €950,960 | €1,025,712 | +€74,753 | +7.9% |
| Fixed assets | 21/28 | €638,388 | €530,238 | -€108,150 | -16.9% |
| Tangible fixed assets | 22/27 | €628,755 | €520,606 | -€108,150 | -17.2% |
| Plant, machinery and equipment | 23 | €180,301 | €156,526 | -€23,775 | -13.2% |
| Furniture and vehicles | 24 | €300,694 | €282,200 | -€18,494 | -6.2% |
| Leasing and similar rights | 25 | €122,607 | €54,112 | -€68,496 | -55.9% |
| Other tangible fixed assets | 26 | €25,153 | €27,768 | +€2,615 | +10.4% |
| Financial fixed assets | 28 | €9,632 | €9,632 | = | 0.0% |
| Current assets | 29/58 | €312,572 | €495,474 | +€182,902 | +58.5% |
| Amounts receivable within one year | 40/41 | €253,617 | €376,748 | +€123,131 | +48.5% |
| Trade receivables | 40 | €223,787 | €354,501 | +€130,714 | +58.4% |
| Other amounts receivable | 41 | €29,831 | €22,247 | -€7,583 | -25.4% |
| Cash at bank and in hand | 54/58 | €15,798 | €13,082 | -€2,716 | -17.2% |
| Deferred charges and accrued income | 490/1 | €43,156 | €105,644 | +€62,487 | +144.8% |
| Total equity and liabilities | 10/49 | €950,960 | €1,025,712 | +€74,753 | +7.9% |
| Equity | 10/15 | €90,398 | €146,951 | +€56,554 | +62.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,860 | €83,860 | +€40,000 | +91.2% |
| 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 | €42,000 | €82,000 | +€40,000 | +95.2% |
| Profit (loss) carried forward | 14 | €27,938 | €44,491 | +€16,554 | +59.3% |
| Amounts payable | 17/49 | €860,562 | €878,761 | +€18,199 | +2.1% |
| Amounts payable after more than one year | 17 | €683,430 | €400,790 | -€282,639 | -41.4% |
| Financial debts | 170/4 | €683,430 | €400,790 | -€282,639 | -41.4% |
| Amounts payable within one year | 42/48 | €172,803 | €473,642 | +€300,839 | +174.1% |
| Current portion of amounts payable after more than one year | 42 | - | €199,313 | +€199,313 | |
| Financial debts | 43 | €53,668 | €128,702 | +€75,034 | +139.8% |
| Credit institutions | 430/8 | €53,668 | €128,702 | +€75,034 | +139.8% |
| Trade debts | 44 | €86,474 | €122,310 | +€35,836 | +41.4% |
| Suppliers | 440/4 | €86,474 | €122,310 | +€35,836 | +41.4% |
| Taxes, remuneration and social security | 45 | €19,142 | €7,804 | -€11,338 | -59.2% |
| Taxes | 450/3 | €18,841 | €7,804 | -€11,037 | -58.6% |
| Remuneration and social security | 454/9 | €301 | - | -€301 | |
| Other amounts payable | 47/48 | €13,519 | €15,513 | +€1,994 | +14.7% |
| Accrued charges and deferred income | 492/3 | €4,329 | €4,329 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €339,251 | €541,094 | +€201,843 | +59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,536 | €161,493 | -€11,044 | -6.4% |
| Other operating charges | 640/8 | €42,580 | €30,964 | -€11,616 | -27.3% |
| Gross operating margin | 9900 | €617,541 | €866,803 | +€249,262 | +40.4% |
| Operating profit (loss) | 9901 | €63,173 | €133,252 | +€70,079 | +110.9% |
| Financial income | 75/76B | €1 | €4 | +€3 | +362.2% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +362.2% |
| Financial charges | 65/66B | €47,562 | €49,429 | +€1,867 | +3.9% |
| Recurring financial charges | 65 | €46,525 | €48,077 | +€1,552 | +3.3% |
| Non-recurring financial charges | 66B | €1,038 | €1,352 | +€314 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €15,612 | €83,827 | +€68,215 | +436.9% |
| Income taxes | 67/77 | €3,477 | €27,273 | +€23,796 | +684.3% |
| Profit (loss) for the period | 9904 | €12,134 | €56,554 | +€44,419 | +366.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,134 | €56,554 | +€44,419 | +366.1% |
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 11 October 2026 via checked.be.