LC Works: 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 Works
Largest movements
- Receivables within one year -€9,663
down €9,663 (-65.4%), from €14,780 to €5,117
of which Trade receivables: -€11,050
- Cash +€8,418
up €8,418 (+318%), from €2,651 to €11,069
mainly Net result for the year (+€13,807) and Receivables within one year (+€9,663)
- Tangible fixed assets -€2,125
down €2,125 (-16.6%), from €12,773 to €10,647
of which Furniture and vehicles: -€3,100
- Deferred charges and accrued income +€770
new in 2025: €770
- Trade debts -€10,533
down €10,533 (-84.3%), from €12,491 to €1,958
- Profit (loss) carried forward +€8,807
up €8,807, from -€2,430 to €6,377
- Debts after one year -€5,454
down €5,454 (-85.2%), from €6,399 to €945
- Tax, wage and social debts +€4,324
up €4,324 (+464%), from €932 to €5,256
- Current portion of long-term debt +€353
up €353 (+6.9%), from €5,102 to €5,454
- Gross operating margin +€19,856
up €19,856 (+1,262%), from €1,573 to €21,429
- Taxes +€2,986
new in 2025: €2,986
- Depreciation +€413
up €413 (+15.2%), from €2,727 to €3,141
- Financial charges +€216
up €216 (+24.2%), from €892 to €1,108
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,204 | €27,603 | -€2,601 | -8.6% |
| Fixed assets | 21/28 | €12,773 | €10,647 | -€2,125 | -16.6% |
| Tangible fixed assets | 22/27 | €12,773 | €10,647 | -€2,125 | -16.6% |
| Plant, machinery and equipment | 23 | - | €975 | +€975 | |
| Furniture and vehicles | 24 | €12,773 | €9,673 | -€3,100 | -24.3% |
| Current assets | 29/58 | €17,431 | €16,956 | -€475 | -2.7% |
| Amounts receivable within one year | 40/41 | €14,780 | €5,117 | -€9,663 | -65.4% |
| Trade receivables | 40 | €13,867 | €2,817 | -€11,050 | -79.7% |
| Other amounts receivable | 41 | €913 | €2,300 | +€1,387 | +152% |
| Cash at bank and in hand | 54/58 | €2,651 | €11,069 | +€8,418 | +318% |
| Deferred charges and accrued income | 490/1 | - | €770 | +€770 | |
| Total equity and liabilities | 10/49 | €30,204 | €27,603 | -€2,601 | -8.6% |
| Equity | 10/15 | €570 | €9,377 | +€8,807 | +1,546% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,430 | €6,377 | +€8,807 | |
| Amounts payable | 17/49 | €29,634 | €18,226 | -€11,408 | -38.5% |
| Amounts payable after more than one year | 17 | €6,399 | €945 | -€5,454 | -85.2% |
| Financial debts | 170/4 | €6,399 | €945 | -€5,454 | -85.2% |
| Amounts payable within one year | 42/48 | €23,234 | €17,281 | -€5,953 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €5,102 | €5,454 | +€353 | +6.9% |
| Trade debts | 44 | €12,491 | €1,958 | -€10,533 | -84.3% |
| Suppliers | 440/4 | €12,491 | €1,958 | -€10,533 | -84.3% |
| Taxes, remuneration and social security | 45 | €932 | €5,256 | +€4,324 | +464% |
| Taxes | 450/3 | €932 | €5,256 | +€4,324 | +464% |
| Other amounts payable | 47/48 | €4,709 | €4,613 | -€96 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,727 | €3,141 | +€413 | +15.2% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €1,573 | €21,429 | +€19,856 | +1,262% |
| Operating profit (loss) | 9901 | -€1,538 | €17,901 | +€19,439 | |
| Financial charges | 65/66B | €892 | €1,108 | +€216 | +24.2% |
| Recurring financial charges | 65 | €892 | €1,108 | +€216 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,430 | €16,793 | +€19,223 | |
| Income taxes | 67/77 | - | €2,986 | +€2,986 | |
| Profit (loss) for the period | 9904 | -€2,430 | €13,807 | +€16,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,430 | €13,807 | +€16,237 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.