LC Project 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 Project Management
Largest movements
- Receivables after one year +€50,000
up €50,000 (+200%), from €25,000 to €75,000
- Current investments +€48,119
new in 2025: €48,119
- Cash -€44,042
down €44,042 (-50.3%), from €87,577 to €43,535
mainly Receivables after one year (-€50,000) and Current investments (-€48,119)
- Receivables within one year -€23,540
down €23,540 (-67.2%), from €35,021 to €11,480
of which Trade receivables: -€16,886
- Tangible fixed assets -€4,662
down €4,662 (-14.9%), from €31,320 to €26,657
of which Furniture and vehicles: -€4,129
- Reserves +€35,506
up €35,506 (+28.4%), from €125,239 to €160,745
- Tax, wage and social debts -€9,600
down €9,600 (-42.9%), from €22,380 to €12,780
- Financial charges +€2,076
up €2,076 (+771%), from €269 to €2,345
- Financial income +€1,023
up €1,023 (+120%), from €849 to €1,872
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 | €181,106 | €208,881 | +€27,775 | +15.3% |
| Fixed assets | 21/28 | €31,320 | €26,657 | -€4,662 | -14.9% |
| Tangible fixed assets | 22/27 | €31,320 | €26,657 | -€4,662 | -14.9% |
| Land and buildings | 22 | €15,616 | €15,082 | -€534 | -3.4% |
| Furniture and vehicles | 24 | €5,204 | €1,075 | -€4,129 | -79.3% |
| Other tangible fixed assets | 26 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €149,786 | €182,224 | +€32,438 | +21.7% |
| Amounts receivable after more than one year | 29 | €25,000 | €75,000 | +€50,000 | +200% |
| Other amounts receivable | 291 | €25,000 | €75,000 | +€50,000 | +200% |
| Amounts receivable within one year | 40/41 | €35,021 | €11,480 | -€23,540 | -67.2% |
| Trade receivables | 40 | €26,446 | €9,560 | -€16,886 | -63.9% |
| Other amounts receivable | 41 | €8,575 | €1,921 | -€6,654 | -77.6% |
| Current investments | 50/53 | - | €48,119 | +€48,119 | |
| Cash at bank and in hand | 54/58 | €87,577 | €43,535 | -€44,042 | -50.3% |
| Deferred charges and accrued income | 490/1 | €2,189 | €4,090 | +€1,901 | +86.8% |
| Total equity and liabilities | 10/49 | €181,106 | €208,881 | +€27,775 | +15.3% |
| Equity | 10/15 | €154,060 | €189,566 | +€35,506 | +23.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €125,239 | €160,745 | +€35,506 | +28.4% |
| Distributable reserves | 133 | €125,239 | €160,745 | +€35,506 | +28.4% |
| Profit (loss) carried forward | 14 | €22,621 | €22,621 | = | 0.0% |
| Amounts payable | 17/49 | €27,046 | €19,315 | -€7,731 | -28.6% |
| Amounts payable within one year | 42/48 | €27,046 | €19,315 | -€7,731 | -28.6% |
| Financial debts | 43 | €14 | - | -€14 | |
| Credit institutions | 430/8 | €14 | - | -€14 | |
| Trade debts | 44 | €4,652 | €6,291 | +€1,640 | +35.3% |
| Suppliers | 440/4 | €4,652 | €6,291 | +€1,640 | +35.3% |
| Taxes, remuneration and social security | 45 | €22,380 | €12,780 | -€9,600 | -42.9% |
| Taxes | 450/3 | €22,380 | €12,780 | -€9,600 | -42.9% |
| Other amounts payable | 47/48 | - | €244 | +€244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,130 | €4,662 | -€468 | -9.1% |
| Other operating charges | 640/8 | €1,040 | €986 | -€55 | -5.2% |
| Gross operating margin | 9900 | €56,815 | €56,914 | +€99 | +0.2% |
| Operating profit (loss) | 9901 | €50,645 | €51,266 | +€621 | +1.2% |
| Financial income | 75/76B | €849 | €1,872 | +€1,023 | +120% |
| Recurring financial income | 75 | €849 | €1,872 | +€1,023 | +120% |
| Financial charges | 65/66B | €269 | €2,345 | +€2,076 | +771% |
| Recurring financial charges | 65 | €269 | €2,345 | +€2,076 | +771% |
| Profit (loss) for the period before taxes | 9903 | €51,225 | €50,793 | -€432 | -0.8% |
| Income taxes | 67/77 | €14,810 | €15,287 | +€477 | +3.2% |
| Profit (loss) for the period | 9904 | €36,415 | €35,506 | -€909 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,415 | €35,506 | -€909 | -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 22 October 2026 via checked.be.