LC SERVICES: 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.
What changed
LC SERVICES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,649
2024 · -€26,806+€30,455
Equity
€46,640
2024 · €42,992+€3,649
Cash
€437
2024 · €1,951-€1,514
Balance sheet total
€854,788
2024 · €879,280-€24,492
Largest movements
Assets
- Tangible fixed assets -€48,854
down €48,854 (-6.4%), from €759,887 to €711,033
of which Land and buildings: -€48,655
- Receivables within one year +€42,417
up €42,417 (+354%), from €11,979 to €54,396
of which Trade receivables: +€40,775
- Receivables after one year -€16,000
down €16,000 (-15.9%), from €100,500 to €84,500
Equity and liabilities
- Debts after one year -€29,003
down €29,003 (-3.8%), from €756,582 to €727,579
Income statement
- Gross operating margin +€33,581
up €33,581 (+27.9%), from €120,430 to €154,011
- Financial charges -€2,905
down €2,905 (-7.8%), from €37,342 to €34,437
- Taxes +€2,789
up €2,789, from -€385 to €2,404
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.
Result 2024
-€26,806
Gross operating margin
+€33,581
Staff costs
-€968
Depreciation
-€778
Other operating charges
-€1,156
Financial income
-€341
Financial charges
+€2,905
Taxes
-€2,789
Result 2025
€3,649
raises the resultlowers the result
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.
From operations
+€27,922
Investment
-€2,333
Financing
-€27,103
Cash 2024
€1,951
From operations (derived)
+€27,922
Net result for the year
+€3,649
Depreciation
+€51,186
Receivables after one year
+€16,000
Receivables within one year
-€42,417
Deferred charges and accrued income
+€541
Trade debts
-€508
Tax, wage and social debts
+€33
Accrued charges and deferred income
-€563
Investment (derived)
-€2,333
Investment in fixed assets (net)
-€2,333
Financing
-€27,103
Debts after one year
-€29,003
Current portion of long-term debt
+€1,899
Cash 2025
€437
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €879,280 | €854,788 | -€24,492 | -2.8% |
| Fixed assets | 21/28 | €759,965 | €711,111 | -€48,854 | -6.4% |
| Tangible fixed assets | 22/27 | €759,887 | €711,033 | -€48,854 | -6.4% |
| Land and buildings | 22 | €755,672 | €707,017 | -€48,655 | -6.4% |
| Furniture and vehicles | 24 | €4,215 | €4,016 | -€199 | -4.7% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €119,315 | €143,676 | +€24,362 | +20.4% |
| Amounts receivable after more than one year | 29 | €100,500 | €84,500 | -€16,000 | -15.9% |
| Other amounts receivable | 291 | €100,500 | €84,500 | -€16,000 | -15.9% |
| Amounts receivable within one year | 40/41 | €11,979 | €54,396 | +€42,417 | +354% |
| Trade receivables | 40 | €6,026 | €46,800 | +€40,775 | +677% |
| Other amounts receivable | 41 | €5,953 | €7,596 | +€1,643 | +27.6% |
| Cash at bank and in hand | 54/58 | €1,951 | €437 | -€1,514 | -77.6% |
| Deferred charges and accrued income | 490/1 | €4,885 | €4,344 | -€541 | -11.1% |
| Total equity and liabilities | 10/49 | €879,280 | €854,788 | -€24,492 | -2.8% |
| Equity | 10/15 | €42,992 | €46,640 | +€3,649 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,392 | €28,040 | +€3,649 | +15.0% |
| Distributable reserves | 133 | €24,392 | €28,040 | +€3,649 | +15.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €836,288 | €808,147 | -€28,141 | -3.4% |
| Amounts payable after more than one year | 17 | €756,582 | €727,579 | -€29,003 | -3.8% |
| Financial debts | 170/4 | €756,582 | €727,579 | -€29,003 | -3.8% |
| Amounts payable within one year | 42/48 | €77,869 | €79,293 | +€1,424 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €42,103 | €44,003 | +€1,899 | +4.5% |
| Trade debts | 44 | €28,977 | €28,470 | -€508 | -1.8% |
| Suppliers | 440/4 | €28,977 | €28,470 | -€508 | -1.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,788 | €6,821 | +€33 | +0.5% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €6,788 | €6,821 | +€33 | +0.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,838 | €1,275 | -€563 | -30.6% |
| Remuneration, social security and pensions | 62 | €62,876 | €63,845 | +€968 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,409 | €51,186 | +€778 | +1.5% |
| Other operating charges | 640/8 | €185 | €1,341 | +€1,156 | +625% |
| Gross operating margin | 9900 | €120,430 | €154,011 | +€33,581 | +27.9% |
| Operating profit (loss) | 9901 | €6,960 | €37,639 | +€30,679 | +441% |
| Financial income | 75/76B | €3,191 | €2,850 | -€341 | -10.7% |
| Recurring financial income | 75 | €3,191 | €2,850 | -€341 | -10.7% |
| Financial charges | 65/66B | €37,342 | €34,437 | -€2,905 | -7.8% |
| Recurring financial charges | 65 | €37,342 | €34,437 | -€2,905 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,192 | €6,053 | +€33,244 | |
| Income taxes | 67/77 | -€385 | €2,404 | +€2,789 | |
| Profit (loss) for the period | 9904 | -€26,806 | €3,649 | +€30,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,806 | €3,649 | +€30,455 |
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 15 October 2026 via checked.be.