LC-TRANS: 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-TRANS
Largest movements
- Cash +€93,078
up €93,078 (+33.4%), from €278,682 to €371,760
mainly Net result for the year (+€73,810) and Depreciation (+€24,093)
- Tangible fixed assets -€22,338
down €22,338 (-26.5%), from €84,369 to €62,031
of which Furniture and vehicles: -€19,322
- Reserves +€73,810
up €73,810 (+20.6%), from €358,363 to €432,173
- Gross operating margin +€18,587
up €18,587 (+16.8%), from €110,753 to €129,341
- Taxes +€5,680
up €5,680 (+24.2%), from €23,446 to €29,126
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 | €396,407 | €463,299 | +€66,892 | +16.9% |
| Fixed assets | 21/28 | €84,689 | €62,351 | -€22,338 | -26.4% |
| Tangible fixed assets | 22/27 | €84,369 | €62,031 | -€22,338 | -26.5% |
| Land and buildings | 22 | €15,538 | €12,039 | -€3,500 | -22.5% |
| Plant, machinery and equipment | 23 | €626 | €1,110 | +€484 | +77.3% |
| Furniture and vehicles | 24 | €68,205 | €48,883 | -€19,322 | -28.3% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €311,718 | €400,948 | +€89,230 | +28.6% |
| Amounts receivable within one year | 40/41 | €29,232 | €25,766 | -€3,466 | -11.9% |
| Trade receivables | 40 | €29,232 | €25,766 | -€3,466 | -11.9% |
| Cash at bank and in hand | 54/58 | €278,682 | €371,760 | +€93,078 | +33.4% |
| Deferred charges and accrued income | 490/1 | €3,804 | €3,422 | -€382 | -10.0% |
| Total equity and liabilities | 10/49 | €396,407 | €463,299 | +€66,892 | +16.9% |
| Equity | 10/15 | €370,763 | €444,573 | +€73,810 | +19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €358,363 | €432,173 | +€73,810 | +20.6% |
| Distributable reserves | 133 | €358,363 | €432,173 | +€73,810 | +20.6% |
| Amounts payable | 17/49 | €25,643 | €18,726 | -€6,918 | -27.0% |
| Amounts payable within one year | 42/48 | €23,824 | €17,062 | -€6,762 | -28.4% |
| Trade debts | 44 | €7,025 | €4,562 | -€2,463 | -35.1% |
| Suppliers | 440/4 | €7,025 | €4,562 | -€2,463 | -35.1% |
| Taxes, remuneration and social security | 45 | €9,381 | €8,932 | -€449 | -4.8% |
| Taxes | 450/3 | €9,381 | €8,932 | -€449 | -4.8% |
| Other amounts payable | 47/48 | €7,418 | €3,569 | -€3,849 | -51.9% |
| Accrued charges and deferred income | 492/3 | €1,819 | €1,663 | -€156 | -8.6% |
| Non-recurring operating income | 76A | €2,544 | €2,626 | +€82 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,820 | €24,093 | -€728 | -2.9% |
| Other operating charges | 640/8 | €2,511 | €2,150 | -€361 | -14.4% |
| Gross operating margin | 9900 | €110,753 | €129,341 | +€18,587 | +16.8% |
| Operating profit (loss) | 9901 | €83,422 | €103,098 | +€19,676 | +23.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €142 | €162 | +€20 | +14.5% |
| Recurring financial charges | 65 | €142 | €162 | +€20 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €83,281 | €102,935 | +€19,655 | +23.6% |
| Income taxes | 67/77 | €23,446 | €29,126 | +€5,680 | +24.2% |
| Profit (loss) for the period | 9904 | €59,835 | €73,810 | +€13,975 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,835 | €73,810 | +€13,975 | +23.4% |
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 7 October 2026 via checked.be.