LC projects: 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 projects
Largest movements
- Cash +€2,758
up €2,758 (+610.2%), from €452 to €3,210
mainly Other debts (+€5,657) and Depreciation (+€485)
- Receivables within one year +€1,255
up €1,255 (+125.8%), from €998 to €2,253
of which Trade receivables: +€1,301
- Tangible fixed assets -€485
down €485 (-37.6%), from €1,290 to €805
of which Land and buildings: -€278
- Stocks and contracts +€104
up €104 (+17.7%), from €587 to €691
- Other debts +€5,657
up €5,657 (+9.2%), from €61,241 to €66,898
- Profit (loss) carried forward -€2,680
down €2,680 (-3.5%), from -€77,531 to -€80,211
- Trade debts +€462
up €462 (+132.4%), from €349 to €811
- Tax, wage and social debts +€139
up €139 (+7.3%), from €1,906 to €2,045
- Gross operating margin +€3,493
up €3,493 (+73.6%), from -€4,744 to -€1,251
- Financial income -€135
no longer reported in 2026 (was €135)
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 | €4,976 | €8,554 | +€3,578 | +71.9% |
| Fixed assets | 21/28 | €2,790 | €2,305 | -€485 | -17.4% |
| Tangible fixed assets | 22/27 | €1,290 | €805 | -€485 | -37.6% |
| Land and buildings | 22 | €966 | €688 | -€278 | -28.8% |
| Furniture and vehicles | 24 | €324 | €117 | -€207 | -63.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €2,186 | €6,249 | +€4,063 | +185.9% |
| Stocks and contracts in progress | 3 | €587 | €691 | +€104 | +17.7% |
| Stocks | 30/36 | €587 | €691 | +€104 | +17.7% |
| Amounts receivable within one year | 40/41 | €998 | €2,253 | +€1,255 | +125.8% |
| Trade receivables | 40 | €952 | €2,253 | +€1,301 | +136.7% |
| Other amounts receivable | 41 | €46 | - | -€46 | |
| Cash at bank and in hand | 54/58 | €452 | €3,210 | +€2,758 | +610.2% |
| Deferred charges and accrued income | 490/1 | €149 | €95 | -€54 | -36.2% |
| Total equity and liabilities | 10/49 | €4,976 | €8,554 | +€3,578 | +71.9% |
| Equity | 10/15 | -€58,520 | -€61,200 | -€2,680 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €411 | €411 | = | 0.0% |
| Non-distributable reserves | 130/1 | €411 | €411 | = | 0.0% |
| Legal reserve | 130 | €411 | €411 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,531 | -€80,211 | -€2,680 | -3.5% |
| Amounts payable | 17/49 | €63,496 | €69,754 | +€6,258 | +9.9% |
| Amounts payable within one year | 42/48 | €63,496 | €69,754 | +€6,258 | +9.9% |
| Trade debts | 44 | €349 | €811 | +€462 | +132.4% |
| Suppliers | 440/4 | €349 | €811 | +€462 | +132.4% |
| Taxes, remuneration and social security | 45 | €1,906 | €2,045 | +€139 | +7.3% |
| Taxes | 450/3 | €1,906 | €2,045 | +€139 | +7.3% |
| Other amounts payable | 47/48 | €61,241 | €66,898 | +€5,657 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | €485 | -€45 | -8.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€4,744 | -€1,251 | +€3,493 | +73.6% |
| Operating profit (loss) | 9901 | -€5,802 | -€2,280 | +€3,522 | +60.7% |
| Financial income | 75/76B | €135 | - | -€135 | |
| Recurring financial income | 75 | €135 | - | -€135 | |
| Financial charges | 65/66B | €43 | €48 | +€5 | +11.6% |
| Recurring financial charges | 65 | €43 | €48 | +€5 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,710 | -€2,328 | +€3,382 | +59.2% |
| Income taxes | 67/77 | €349 | €352 | +€3 | +0.9% |
| Profit (loss) for the period | 9904 | -€6,059 | -€2,680 | +€3,379 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,059 | -€2,680 | +€3,379 | +55.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.