LC NET: 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 NET
Largest movements
- Intangible fixed assets -€7,200
down €7,200 (-12.2%), from €59,192 to €51,992
- Receivables within one year -€4,647
down €4,647 (-18.9%), from €24,571 to €19,924
of which Other amounts receivable: -€2,723
- Cash +€967
up €967 (+51.3%), from €1,885 to €2,852
mainly Depreciation (+€7,868) and Receivables within one year (+€4,647)
- Debts after one year -€8,131
down €8,131 (-21.2%), from €38,383 to €30,252
- Profit (loss) carried forward +€4,587
up €4,587 (+110.3%), from €4,159 to €8,746
- Short-term financial debts -€4,102
no longer reported in 2025 (was €4,102)
- Other debts -€3,405
down €3,405 (-18.5%), from €18,430 to €15,025
- Gross operating margin +€5,606
up €5,606 (+42.7%), from €13,133 to €18,739
- Taxes +€1,200
up €1,200 (+202.4%), from €593 to €1,794
- Other operating charges -€747
down €747 (-52.6%), from €1,420 to €673
- Financial income -€422
down €422 (-98.1%), from €430 to €8
- Financial charges -€351
down €351 (-10.1%), from €3,474 to €3,123
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 | €88,825 | €77,619 | -€11,206 | -12.6% |
| Fixed assets | 21/28 | €62,250 | €54,815 | -€7,434 | -11.9% |
| Intangible fixed assets | 21 | €59,192 | €51,992 | -€7,200 | -12.2% |
| Tangible fixed assets | 22/27 | €1,933 | €1,698 | -€234 | -12.1% |
| Plant, machinery and equipment | 23 | €1,933 | €1,333 | -€600 | -31.0% |
| Furniture and vehicles | 24 | - | €366 | +€366 | |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €26,576 | €22,804 | -€3,772 | -14.2% |
| Amounts receivable within one year | 40/41 | €24,571 | €19,924 | -€4,647 | -18.9% |
| Trade receivables | 40 | €21,162 | €19,237 | -€1,924 | -9.1% |
| Other amounts receivable | 41 | €3,409 | €687 | -€2,723 | -79.9% |
| Cash at bank and in hand | 54/58 | €1,885 | €2,852 | +€967 | +51.3% |
| Deferred charges and accrued income | 490/1 | €119 | €28 | -€91 | -76.3% |
| Total equity and liabilities | 10/49 | €88,825 | €77,619 | -€11,206 | -12.6% |
| Equity | 10/15 | €9,159 | €13,746 | +€4,587 | +50.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,159 | €8,746 | +€4,587 | +110.3% |
| Amounts payable | 17/49 | €79,667 | €63,874 | -€15,793 | -19.8% |
| Amounts payable after more than one year | 17 | €38,383 | €30,252 | -€8,131 | -21.2% |
| Financial debts | 170/4 | €38,383 | €30,252 | -€8,131 | -21.2% |
| Amounts payable within one year | 42/48 | €41,284 | €33,177 | -€8,106 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €7,829 | €8,131 | +€302 | +3.9% |
| Financial debts | 43 | €4,102 | - | -€4,102 | |
| Credit institutions | 430/8 | €4,102 | - | -€4,102 | |
| Trade debts | 44 | €5,140 | €5,026 | -€114 | -2.2% |
| Suppliers | 440/4 | €5,140 | €5,026 | -€114 | -2.2% |
| Taxes, remuneration and social security | 45 | €5,783 | €4,995 | -€788 | -13.6% |
| Taxes | 450/3 | €2,015 | €2,650 | +€635 | +31.5% |
| Remuneration and social security | 454/9 | €3,768 | €2,346 | -€1,422 | -37.7% |
| Other amounts payable | 47/48 | €18,430 | €15,025 | -€3,405 | -18.5% |
| Accrued charges and deferred income | 492/3 | - | €445 | +€445 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,800 | €7,868 | +€68 | +0.9% |
| Other operating charges | 640/8 | €1,420 | €673 | -€747 | -52.6% |
| Non-recurring operating charges | 66A | - | €702 | +€702 | |
| Gross operating margin | 9900 | €13,133 | €18,739 | +€5,606 | +42.7% |
| Operating profit (loss) | 9901 | €3,913 | €9,496 | +€5,582 | +142.7% |
| Financial income | 75/76B | €430 | €8 | -€422 | -98.1% |
| Recurring financial income | 75 | €430 | €8 | -€422 | -98.1% |
| Financial charges | 65/66B | €3,474 | €3,123 | -€351 | -10.1% |
| Recurring financial charges | 65 | €3,474 | €3,123 | -€351 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €869 | €6,380 | +€5,511 | +634.1% |
| Income taxes | 67/77 | €593 | €1,794 | +€1,200 | +202.4% |
| Profit (loss) for the period | 9904 | €276 | €4,587 | +€4,311 | +1561.7% |
| Profit (loss) for the period to be appropriated | 9905 | €276 | €4,587 | +€4,311 | +1561.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.