LC SERVICES: 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 SERVICES
Largest movements
- Receivables after one year +€510,000
new in 2025: €510,000
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Cash -€83,999
down €83,999 (-91.1%), from €92,174 to €8,176
mainly Receivables after one year (-€510,000) and Net result for the year (-€49,615)
- Receivables within one year -€50,714
down €50,714 (-47.0%), from €107,930 to €57,216
- Tangible fixed assets -€6,682
down €6,682 (-37.2%), from €17,977 to €11,295
- Reserves -€50,000
down €50,000 (-10.2%), from €489,360 to €439,360
of which Distributable reserves: -€50,000
- Debts after one year +€48,809
new in 2025: €48,809
- Current portion of long-term debt +€14,466
new in 2025: €14,466
- Tax, wage and social debts +€12,692
up €12,692 (+37.2%), from €34,146 to €46,838
of which Remuneration and social security: +€10,379
- Gross operating margin -€342,470
down €342,470 (-76.4%), from €448,298 to €105,828
- Taxes -€57,500
no longer reported in 2025 (was €57,500)
- Staff costs +€5,805
up €5,805 (+4.2%), from €139,349 to €145,154
- Financial income +€5,051
up €5,051 (+950.8%), from €531 to €5,582
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 | €570,069 | €592,127 | +€22,058 | +3.9% |
| Fixed assets | 21/28 | €18,112 | €11,430 | -€6,682 | -36.9% |
| Tangible fixed assets | 22/27 | €17,977 | €11,295 | -€6,682 | -37.2% |
| Furniture and vehicles | 24 | €17,977 | €11,295 | -€6,682 | -37.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €551,957 | €580,698 | +€28,740 | +5.2% |
| Amounts receivable after more than one year | 29 | - | €510,000 | +€510,000 | |
| Trade receivables | 290 | - | €510,000 | +€510,000 | |
| Amounts receivable within one year | 40/41 | €107,930 | €57,216 | -€50,714 | -47.0% |
| Trade receivables | 40 | €107,930 | €57,216 | -€50,714 | -47.0% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €92,174 | €8,176 | -€83,999 | -91.1% |
| Deferred charges and accrued income | 490/1 | €1,853 | €5,306 | +€3,452 | +186.3% |
| Total equity and liabilities | 10/49 | €570,069 | €592,127 | +€22,058 | +3.9% |
| Equity | 10/15 | €514,427 | €464,812 | -€49,615 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €489,360 | €439,360 | -€50,000 | -10.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €487,500 | €437,500 | -€50,000 | -10.3% |
| Profit (loss) carried forward | 14 | €6,467 | €6,852 | +€385 | +6.0% |
| Amounts payable | 17/49 | €55,642 | €127,316 | +€71,673 | +128.8% |
| Amounts payable after more than one year | 17 | - | €48,809 | +€48,809 | |
| Financial debts | 170/4 | - | €48,809 | +€48,809 | |
| Amounts payable within one year | 42/48 | €55,642 | €78,507 | +€22,864 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | - | €14,466 | +€14,466 | |
| Trade debts | 44 | €14,505 | €14,767 | +€262 | +1.8% |
| Suppliers | 440/4 | €14,505 | €14,767 | +€262 | +1.8% |
| Taxes, remuneration and social security | 45 | €34,146 | €46,838 | +€12,692 | +37.2% |
| Taxes | 450/3 | €25,893 | €28,206 | +€2,313 | +8.9% |
| Remuneration and social security | 454/9 | €8,253 | €18,632 | +€10,379 | +125.8% |
| Other amounts payable | 47/48 | €6,992 | €2,436 | -€4,556 | -65.2% |
| Remuneration, social security and pensions | 62 | €139,349 | €145,154 | +€5,805 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,281 | €6,682 | +€4,401 | +192.9% |
| Other operating charges | 640/8 | €3,922 | €6,062 | +€2,140 | +54.6% |
| Gross operating margin | 9900 | €448,298 | €105,828 | -€342,470 | -76.4% |
| Operating profit (loss) | 9901 | €302,746 | -€52,070 | -€354,815 | |
| Financial income | 75/76B | €531 | €5,582 | +€5,051 | +950.8% |
| Recurring financial income | 75 | €531 | €5,582 | +€5,051 | +950.8% |
| Financial charges | 65/66B | €3,849 | €3,127 | -€721 | -18.7% |
| Recurring financial charges | 65 | €3,849 | €3,127 | -€721 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €299,429 | -€49,615 | -€349,044 | |
| Income taxes | 67/77 | €57,500 | - | -€57,500 | |
| Profit (loss) for the period | 9904 | €241,929 | -€49,615 | -€291,544 | |
| Profit (loss) for the period to be appropriated | 9905 | €241,929 | -€49,615 | -€291,544 |
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.