LC Projects: 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 Projects
Largest movements
- Tangible fixed assets +€26,276
up €26,276 (+61.7%), from €42,579 to €68,855
of which Furniture and vehicles: +€28,231
- Receivables within one year +€15,672
up €15,672 (+128.6%), from €12,185 to €27,857
of which Trade receivables: +€8,868
- Cash +€12,808
up €12,808 (+38.7%), from €33,082 to €45,890
mainly Other debts (+€38,192) and Net result for the year (+€26,546)
- Receivables after one year -€5,471
down €5,471 (-25.6%), from €21,388 to €15,917
- Other debts +€38,192
new in 2025: €38,192
- Profit (loss) carried forward -€34,954
down €34,954 (-69.2%), from €50,542 to €15,588
- Reserves +€26,500
up €26,500 (+126.2%), from €21,000 to €47,500
- Current portion of long-term debt +€6,578
up €6,578 (+56.0%), from €11,752 to €18,330
- Advances received +€4,803
new in 2025: €4,803
- Gross operating margin +€14,795
up €14,795 (+34.0%), from €43,526 to €58,321
- Depreciation +€7,667
up €7,667 (+73.3%), from €10,462 to €18,129
- Taxes +€2,269
up €2,269 (+25.9%), from €8,773 to €11,042
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 | €110,625 | €159,799 | +€49,174 | +44.5% |
| Fixed assets | 21/28 | €42,579 | €68,855 | +€26,276 | +61.7% |
| Tangible fixed assets | 22/27 | €42,579 | €68,855 | +€26,276 | +61.7% |
| Plant, machinery and equipment | 23 | €7,605 | €5,650 | -€1,955 | -25.7% |
| Furniture and vehicles | 24 | €34,974 | €63,205 | +€28,231 | +80.7% |
| Current assets | 29/58 | €68,046 | €90,944 | +€22,898 | +33.7% |
| Amounts receivable after more than one year | 29 | €21,388 | €15,917 | -€5,471 | -25.6% |
| Other amounts receivable | 291 | €21,388 | €15,917 | -€5,471 | -25.6% |
| Stocks and contracts in progress | 3 | - | €246 | +€246 | |
| Stocks | 30/36 | - | €246 | +€246 | |
| Amounts receivable within one year | 40/41 | €12,185 | €27,857 | +€15,672 | +128.6% |
| Trade receivables | 40 | €3,288 | €12,156 | +€8,868 | +269.7% |
| Other amounts receivable | 41 | €8,897 | €15,701 | +€6,804 | +76.5% |
| Cash at bank and in hand | 54/58 | €33,082 | €45,890 | +€12,808 | +38.7% |
| Deferred charges and accrued income | 490/1 | €1,391 | €1,034 | -€357 | -25.7% |
| Total equity and liabilities | 10/49 | €110,625 | €159,799 | +€49,174 | +44.5% |
| Equity | 10/15 | €78,542 | €70,088 | -€8,454 | -10.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €21,000 | €47,500 | +€26,500 | +126.2% |
| Distributable reserves | 133 | €21,000 | €47,500 | +€26,500 | +126.2% |
| Profit (loss) carried forward | 14 | €50,542 | €15,588 | -€34,954 | -69.2% |
| Amounts payable | 17/49 | €32,083 | €89,711 | +€57,628 | +179.6% |
| Amounts payable after more than one year | 17 | €14,837 | €15,746 | +€909 | +6.1% |
| Financial debts | 170/4 | €14,837 | €15,746 | +€909 | +6.1% |
| Amounts payable within one year | 42/48 | €15,650 | €69,065 | +€53,415 | +341.3% |
| Current portion of amounts payable after more than one year | 42 | €11,752 | €18,330 | +€6,578 | +56.0% |
| Trade debts | 44 | €1,124 | €3,015 | +€1,891 | +168.2% |
| Suppliers | 440/4 | €1,124 | €3,015 | +€1,891 | +168.2% |
| Advances received on contracts in progress | 46 | - | €4,803 | +€4,803 | |
| Taxes, remuneration and social security | 45 | €2,774 | €4,725 | +€1,951 | +70.3% |
| Taxes | 450/3 | €2,774 | €4,725 | +€1,951 | +70.3% |
| Other amounts payable | 47/48 | - | €38,192 | +€38,192 | |
| Accrued charges and deferred income | 492/3 | €1,596 | €4,900 | +€3,304 | +207.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,462 | €18,129 | +€7,667 | +73.3% |
| Other operating charges | 640/8 | €1,131 | €1,544 | +€413 | +36.5% |
| Gross operating margin | 9900 | €43,526 | €58,321 | +€14,795 | +34.0% |
| Operating profit (loss) | 9901 | €31,933 | €38,648 | +€6,715 | +21.0% |
| Financial income | 75/76B | €297 | €749 | +€452 | +152.2% |
| Recurring financial income | 75 | €297 | €749 | +€452 | +152.2% |
| Financial charges | 65/66B | €1,565 | €1,809 | +€244 | +15.6% |
| Recurring financial charges | 65 | €1,565 | €1,809 | +€244 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €30,665 | €37,588 | +€6,923 | +22.6% |
| Income taxes | 67/77 | €8,773 | €11,042 | +€2,269 | +25.9% |
| Profit (loss) for the period | 9904 | €21,892 | €26,546 | +€4,654 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,892 | €26,546 | +€4,654 | +21.3% |
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 5 October 2026 via checked.be.