LC LAB: 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 LAB
Largest movements
- Tangible fixed assets -€25,600
down €25,600 (-12.1%), from €212,048 to €186,448
of which Furniture and vehicles: -€15,498
- Receivables within one year +€10,765
up €10,765 (+25.3%), from €42,621 to €53,386
of which Trade receivables: +€15,196
- Cash +€8,783
up €8,783 (+38.6%), from €22,738 to €31,522
mainly Depreciation (+€26,148) and Net result for the year (+€7,461)
- Debts after one year -€9,888
down €9,888 (-15.4%), from €64,125 to €54,237
- Current portion of long-term debt -€9,863
down €9,863 (-49.9%), from €19,751 to €9,888
- Profit (loss) carried forward +€7,461
up €7,461 (+5.8%), from €129,187 to €136,648
- Trade debts +€6,053
up €6,053 (+92.5%), from €6,541 to €12,594
- Gross operating margin +€93,875
up €93,875 (+132%), from €70,933 to €164,808
- Staff costs +€72,911
up €72,911 (+177%), from €41,220 to €114,131
- Taxes +€6,018
up €6,018 (+160%), from €3,757 to €9,775
- Depreciation +€5,988
up €5,988 (+29.7%), from €20,161 to €26,148
- Other operating charges +€3,060
up €3,060 (+146%), from €2,089 to €5,149
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 | €280,923 | €276,778 | -€4,145 | -1.5% |
| Fixed assets | 21/28 | €212,078 | €186,478 | -€25,600 | -12.1% |
| Tangible fixed assets | 22/27 | €212,048 | €186,448 | -€25,600 | -12.1% |
| Land and buildings | 22 | €108,942 | €106,094 | -€2,848 | -2.6% |
| Plant, machinery and equipment | 23 | €54,276 | €47,294 | -€6,982 | -12.9% |
| Furniture and vehicles | 24 | €47,032 | €31,535 | -€15,498 | -33.0% |
| Other tangible fixed assets | 26 | €1,798 | €1,526 | -€272 | -15.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €68,845 | €90,300 | +€21,455 | +31.2% |
| Amounts receivable within one year | 40/41 | €42,621 | €53,386 | +€10,765 | +25.3% |
| Trade receivables | 40 | €38,190 | €53,386 | +€15,196 | +39.8% |
| Other amounts receivable | 41 | €4,432 | - | -€4,432 | |
| Cash at bank and in hand | 54/58 | €22,738 | €31,522 | +€8,783 | +38.6% |
| Deferred charges and accrued income | 490/1 | €3,485 | €5,392 | +€1,907 | +54.7% |
| Total equity and liabilities | 10/49 | €280,923 | €276,778 | -€4,145 | -1.5% |
| Equity | 10/15 | €137,247 | €144,708 | +€7,461 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,187 | €136,648 | +€7,461 | +5.8% |
| Amounts payable | 17/49 | €143,676 | €132,070 | -€11,606 | -8.1% |
| Amounts payable after more than one year | 17 | €64,125 | €54,237 | -€9,888 | -15.4% |
| Financial debts | 170/4 | €64,125 | €54,237 | -€9,888 | -15.4% |
| Amounts payable within one year | 42/48 | €79,551 | €77,833 | -€1,718 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €19,751 | €9,888 | -€9,863 | -49.9% |
| Trade debts | 44 | €6,541 | €12,594 | +€6,053 | +92.5% |
| Suppliers | 440/4 | €6,541 | €12,594 | +€6,053 | +92.5% |
| Taxes, remuneration and social security | 45 | €16,801 | €16,884 | +€83 | +0.5% |
| Taxes | 450/3 | €10,479 | €4,171 | -€6,308 | -60.2% |
| Remuneration and social security | 454/9 | €6,322 | €12,712 | +€6,391 | +101% |
| Other amounts payable | 47/48 | €36,458 | €38,467 | +€2,009 | +5.5% |
| Remuneration, social security and pensions | 62 | €41,220 | €114,131 | +€72,911 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,161 | €26,148 | +€5,988 | +29.7% |
| Other operating charges | 640/8 | €2,089 | €5,149 | +€3,060 | +146% |
| Non-recurring operating charges | 66A | - | €756 | +€756 | |
| Gross operating margin | 9900 | €70,933 | €164,808 | +€93,875 | +132% |
| Operating profit (loss) | 9901 | €7,463 | €18,624 | +€11,161 | +150% |
| Financial income | 75/76B | €47 | €598 | +€551 | +1,176% |
| Recurring financial income | 75 | €47 | €26 | -€21 | -45.0% |
| Non-recurring financial income | 76B | - | €572 | +€572 | |
| Financial charges | 65/66B | €2,186 | €1,986 | -€200 | -9.2% |
| Recurring financial charges | 65 | €2,146 | €1,986 | -€160 | -7.5% |
| Non-recurring financial charges | 66B | €40 | - | -€40 | |
| Profit (loss) for the period before taxes | 9903 | €5,324 | €17,236 | +€11,912 | +224% |
| Income taxes | 67/77 | €3,757 | €9,775 | +€6,018 | +160% |
| Profit (loss) for the period | 9904 | €1,567 | €7,461 | +€5,894 | +376% |
| Profit (loss) for the period to be appropriated | 9905 | €1,567 | €7,461 | +€5,894 | +376% |
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 14 October 2026 via checked.be.