LC Management: what changed
Two fiscal 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 Management
Largest movements
- Receivables within one year -€44,406
down €44,406 (-52.1%), from €85,180 to €40,775
of which Other amounts receivable: -€39,373
- Cash +€43,709
up €43,709 (+99.7%), from €43,839 to €87,548
mainly Net result for the year (+€60,716) and Receivables within one year (+€44,406)
- Tangible fixed assets -€29,431
down €29,431 (-21.4%), from €137,611 to €108,180
of which Furniture and vehicles: -€29,000
- Current investments -€8,844
no longer reported in 2026 (was €8,844)
- Other debts -€19,642
down €19,642 (-25.2%), from €77,833 to €58,191
- Debts after one year -€17,901
down €17,901 (-36.6%), from €48,949 to €31,048
- Depreciation +€19,806
up €19,806 (+205.8%), from €9,626 to €29,431
- Gross operating margin -€12,885
down €12,885 (-10.6%), from €121,959 to €109,075
- Taxes -€9,466
down €9,466 (-35.5%), from €26,697 to €17,230
- Financial income -€7,843
down €7,843 (-90.2%), from €8,696 to €853
of which Non-recurring financial income: -€7,843
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,575 | €236,603 | -€38,972 | -14.1% |
| Fixed assets | 21/28 | €137,711 | €108,280 | -€29,431 | -21.4% |
| Tangible fixed assets | 22/27 | €137,611 | €108,180 | -€29,431 | -21.4% |
| Plant, machinery and equipment | 23 | €1,988 | €1,556 | -€432 | -21.7% |
| Furniture and vehicles | 24 | €135,623 | €106,624 | -€29,000 | -21.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €137,864 | €128,323 | -€9,541 | -6.9% |
| Amounts receivable within one year | 40/41 | €85,180 | €40,775 | -€44,406 | -52.1% |
| Trade receivables | 40 | €45,807 | €40,775 | -€5,033 | -11.0% |
| Other amounts receivable | 41 | €39,373 | - | -€39,373 | |
| Current investments | 50/53 | €8,844 | - | -€8,844 | |
| Cash at bank and in hand | 54/58 | €43,839 | €87,548 | +€43,709 | +99.7% |
| Total equity and liabilities | 10/49 | €275,575 | €236,603 | -€38,972 | -14.1% |
| Equity | 10/15 | €109,369 | €109,369 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €107,369 | €107,369 | = | 0.0% |
| Distributable reserves | 133 | €107,369 | €107,369 | = | 0.0% |
| Amounts payable | 17/49 | €166,206 | €127,234 | -€38,972 | -23.4% |
| Amounts payable after more than one year | 17 | €48,949 | €31,048 | -€17,901 | -36.6% |
| Financial debts | 170/4 | €48,949 | €31,048 | -€17,901 | -36.6% |
| Amounts payable within one year | 42/48 | €117,257 | €96,186 | -€21,071 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €17,374 | €17,901 | +€527 | +3.0% |
| Trade debts | 44 | €5,219 | €4,793 | -€427 | -8.2% |
| Suppliers | 440/4 | €5,219 | €4,793 | -€427 | -8.2% |
| Taxes, remuneration and social security | 45 | €16,831 | €15,302 | -€1,529 | -9.1% |
| Taxes | 450/3 | €16,831 | €15,302 | -€1,529 | -9.1% |
| Other amounts payable | 47/48 | €77,833 | €58,191 | -€19,642 | -25.2% |
| Non-recurring operating income | 76A | €42,391 | €3,692 | -€38,699 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,626 | €29,431 | +€19,806 | +205.8% |
| Other operating charges | 640/8 | €578 | €544 | -€34 | -5.9% |
| Gross operating margin | 9900 | €121,959 | €109,075 | -€12,885 | -10.6% |
| Operating profit (loss) | 9901 | €111,756 | €79,099 | -€32,657 | -29.2% |
| Financial income | 75/76B | €8,696 | €853 | -€7,843 | -90.2% |
| Recurring financial income | 75 | €853 | €853 | +€0 | 0.0% |
| Non-recurring financial income | 76B | €7,843 | - | -€7,843 | |
| Financial charges | 65/66B | €2,187 | €2,006 | -€180 | -8.3% |
| Recurring financial charges | 65 | €2,187 | €2,006 | -€180 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €118,265 | €77,946 | -€40,319 | -34.1% |
| Income taxes | 67/77 | €26,697 | €17,230 | -€9,466 | -35.5% |
| Profit (loss) for the period | 9904 | €91,568 | €60,716 | -€30,852 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,568 | €60,716 | -€30,852 | -33.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.