LC 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 MANAGEMENT
Largest movements
- Cash +€13,404
up €13,404 (+6.4%), from €207,868 to €221,272
mainly Net result for the year (+€95,567) and Accrued charges and deferred income (+€9,652)
- Reserves +€95,567
up €95,567 (+73.4%), from €130,127 to €225,694
of which Distributable reserves: +€95,567
- Debts after one year -€80,000
down €80,000 (-21.1%), from €380,000 to €300,000
- Tax, wage and social debts -€14,482
down €14,482 (-57.3%), from €25,276 to €10,794
- Accrued charges and deferred income +€9,652
up €9,652 (+279%), from €3,457 to €13,109
- Gross operating margin +€6,919
up €6,919 (+4.8%), from €144,452 to €151,371
- Financial charges +€5,885
up €5,885 (+132%), from €4,467 to €10,352
of which Financial charges: +€6,487
- Financial income +€1,643
new in 2025: €1,643
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 | €547,994 | €562,244 | +€14,250 | +2.6% |
| Fixed assets | 21/28 | €340,000 | €340,000 | = | 0.0% |
| Financial fixed assets | 28 | €340,000 | €340,000 | = | 0.0% |
| Current assets | 29/58 | €207,994 | €222,244 | +€14,250 | +6.9% |
| Cash at bank and in hand | 54/58 | €207,868 | €221,272 | +€13,404 | +6.4% |
| Deferred charges and accrued income | 490/1 | €127 | €973 | +€846 | +668% |
| Total equity and liabilities | 10/49 | €547,994 | €562,244 | +€14,250 | +2.6% |
| Equity | 10/15 | €136,327 | €231,894 | +€95,567 | +70.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,127 | €225,694 | +€95,567 | +73.4% |
| Tax-exempt reserves | 132 | €36,908 | €36,908 | = | 0.0% |
| Distributable reserves | 133 | €93,219 | €188,786 | +€95,567 | +103% |
| Amounts payable | 17/49 | €411,668 | €330,350 | -€81,317 | -19.8% |
| Amounts payable after more than one year | 17 | €380,000 | €300,000 | -€80,000 | -21.1% |
| Other amounts payable | 178/9 | €380,000 | €300,000 | -€80,000 | -21.1% |
| Amounts payable within one year | 42/48 | €28,210 | €17,241 | -€10,969 | -38.9% |
| Trade debts | 44 | €2,087 | €127 | -€1,960 | -93.9% |
| Suppliers | 440/4 | €2,087 | €127 | -€1,960 | -93.9% |
| Taxes, remuneration and social security | 45 | €25,276 | €10,794 | -€14,482 | -57.3% |
| Taxes | 450/3 | €25,276 | €10,794 | -€14,482 | -57.3% |
| Other amounts payable | 47/48 | €847 | €6,320 | +€5,473 | +646% |
| Accrued charges and deferred income | 492/3 | €3,457 | €13,109 | +€9,652 | +279% |
| Other operating charges | 640/8 | €1,490 | €941 | -€549 | -36.8% |
| Gross operating margin | 9900 | €144,452 | €151,371 | +€6,919 | +4.8% |
| Operating profit (loss) | 9901 | €142,962 | €150,429 | +€7,468 | +5.2% |
| Financial income | 75/76B | - | €1,643 | +€1,643 | |
| Recurring financial income | 75 | - | €1,643 | +€1,643 | |
| Financial charges | 65/66B | €4,467 | €10,352 | +€5,885 | +132% |
| Recurring financial charges | 65 | €3,865 | €10,352 | +€6,487 | +168% |
| Non-recurring financial charges | 66B | €602 | - | -€602 | |
| Profit (loss) for the period before taxes | 9903 | €138,495 | €141,720 | +€3,225 | +2.3% |
| Income taxes | 67/77 | €45,276 | €46,153 | +€877 | +1.9% |
| Profit (loss) for the period | 9904 | €93,219 | €95,567 | +€2,348 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €93,219 | €95,567 | +€2,348 | +2.5% |
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 24 October 2026 via checked.be.