LC GROUP MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€6,790
no longer reported in 2023 (was €6,790)
- Cash -€5,758
down €5,758 (-99.4%), from €5,795 to €37
mainly Tax, wage and social debts (-€15,556) and Net result for the year (-€10,333)
- Advances received +€19,992
new in 2023: €19,992
- Tax, wage and social debts -€15,556
down €15,556 (-64.2%), from €24,229 to €8,673
of which Taxes: -€12,056
- Profit (loss) carried forward -€10,333
down €10,333, from €1,269 to -€9,064
- Debts after one year -€8,561
down €8,561 (-24.1%), from €35,564 to €27,003
- Gross operating margin -€8,171
down €8,171, from €6,689 to -€1,482
- Other operating charges +€2,712
up €2,712 (+228.4%), from €1,187 to €3,899
- Taxes -€531
down €531 (-77.5%), from €685 to €154
- Financial charges +€173
up €173 (+4.3%), from €3,986 to €4,159
- Depreciation +€68
up €68 (+11.9%), from €572 to €640
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,912 | €81,724 | -€13,188 | -13.9% |
| Fixed assets | 21/28 | €82,327 | €81,687 | -€640 | -0.8% |
| Tangible fixed assets | 22/27 | €2,327 | €1,687 | -€640 | -27.5% |
| Plant, machinery and equipment | 23 | €2,327 | €1,687 | -€640 | -27.5% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €12,585 | €37 | -€12,548 | -99.7% |
| Amounts receivable within one year | 40/41 | €6,790 | - | -€6,790 | |
| Trade receivables | 40 | €6,790 | - | -€6,790 | |
| Cash at bank and in hand | 54/58 | €5,795 | €37 | -€5,758 | -99.4% |
| Total equity and liabilities | 10/49 | €94,912 | €81,724 | -€13,188 | -13.9% |
| Equity | 10/15 | €11,269 | €936 | -€10,333 | -91.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,269 | -€9,064 | -€10,333 | |
| Amounts payable | 17/49 | €83,644 | €80,788 | -€2,855 | -3.4% |
| Amounts payable after more than one year | 17 | €35,564 | €27,003 | -€8,561 | -24.1% |
| Financial debts | 170/4 | €35,564 | €27,003 | -€8,561 | -24.1% |
| Amounts payable within one year | 42/48 | €47,987 | €53,785 | +€5,798 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €9,036 | €9,265 | +€229 | +2.5% |
| Trade debts | 44 | €2,222 | €3,097 | +€876 | +39.4% |
| Suppliers | 440/4 | €2,222 | €3,097 | +€876 | +39.4% |
| Advances received on contracts in progress | 46 | - | €19,992 | +€19,992 | |
| Taxes, remuneration and social security | 45 | €24,229 | €8,673 | -€15,556 | -64.2% |
| Taxes | 450/3 | €20,729 | €8,673 | -€12,056 | -58.2% |
| Remuneration and social security | 454/9 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €12,500 | €12,758 | +€258 | +2.1% |
| Accrued charges and deferred income | 492/3 | €93 | - | -€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €572 | €640 | +€68 | +11.9% |
| Other operating charges | 640/8 | €1,187 | €3,899 | +€2,712 | +228.4% |
| Gross operating margin | 9900 | €6,689 | -€1,482 | -€8,171 | |
| Operating profit (loss) | 9901 | €4,930 | -€6,021 | -€10,951 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,986 | €4,159 | +€173 | +4.3% |
| Recurring financial charges | 65 | €3,986 | €4,159 | +€173 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €945 | -€10,179 | -€11,123 | |
| Income taxes | 67/77 | €685 | €154 | -€531 | -77.5% |
| Profit (loss) for the period | 9904 | €260 | -€10,333 | -€10,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €260 | -€10,333 | -€10,592 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.