LC Worx: 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 Worx
Largest movements
- Tangible fixed assets +€20,434
up €20,434 (+87.7%), from €23,311 to €43,745
of which Leasing and similar rights: +€20,934
- Deferred charges and accrued income -€15,801
down €15,801 (-92.1%), from €17,159 to €1,358
- Receivables within one year -€6,530
down €6,530 (-38.6%), from €16,914 to €10,383
of which Trade receivables: -€7,138
- Stocks and contracts -€4,000
no longer reported in 2025 (was €4,000)
- Profit (loss) carried forward -€14,776
down €14,776 (-67.4%), from -€21,923 to -€36,699
- Debts after one year +€12,891
up €12,891 (+53.8%), from €23,980 to €36,870
- Tax, wage and social debts -€5,934
down €5,934 (-32.8%), from €18,076 to €12,143
of which Taxes: -€7,484
- Current portion of long-term debt +€4,665
up €4,665 (+41.2%), from €11,317 to €15,982
- Trade debts -€1,832
down €1,832 (-5.3%), from €34,894 to €33,062
- Gross operating margin +€31,494
up €31,494, from -€6,359 to €25,135
- Financial charges +€20,029
up €20,029 (+646%), from €3,102 to €23,131
of which Non-recurring financial charges: +€21,400
- Other operating charges +€6,184
up €6,184 (+193%), from €3,197 to €9,381
- Financial income -€523
down €523 (-99.9%), from €524 to €0
- Depreciation +€423
up €423 (+6.5%), from €6,535 to €6,958
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 | €82,518 | €76,288 | -€6,230 | -7.5% |
| Fixed assets | 21/28 | €23,311 | €43,745 | +€20,434 | +87.7% |
| Tangible fixed assets | 22/27 | €23,311 | €43,745 | +€20,434 | +87.7% |
| Furniture and vehicles | 24 | €2,201 | €1,701 | -€500 | -22.7% |
| Leasing and similar rights | 25 | €21,109 | €42,044 | +€20,934 | +99.2% |
| Current assets | 29/58 | €59,208 | €32,543 | -€26,664 | -45.0% |
| Stocks and contracts in progress | 3 | €4,000 | - | -€4,000 | |
| Contracts in progress | 37 | €4,000 | - | -€4,000 | |
| Amounts receivable within one year | 40/41 | €16,914 | €10,383 | -€6,530 | -38.6% |
| Trade receivables | 40 | €16,889 | €9,750 | -€7,138 | -42.3% |
| Other amounts receivable | 41 | €25 | €633 | +€608 | +2,433% |
| Cash at bank and in hand | 54/58 | €21,135 | €20,801 | -€334 | -1.6% |
| Deferred charges and accrued income | 490/1 | €17,159 | €1,358 | -€15,801 | -92.1% |
| Total equity and liabilities | 10/49 | €82,518 | €76,288 | -€6,230 | -7.5% |
| Equity | 10/15 | -€16,923 | -€31,699 | -€14,776 | -87.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,923 | -€36,699 | -€14,776 | -67.4% |
| Amounts payable | 17/49 | €99,441 | €107,988 | +€8,546 | +8.6% |
| Amounts payable after more than one year | 17 | €23,980 | €36,870 | +€12,891 | +53.8% |
| Financial debts | 170/4 | €23,980 | €36,870 | +€12,891 | +53.8% |
| Amounts payable within one year | 42/48 | €75,461 | €71,117 | -€4,344 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €11,317 | €15,982 | +€4,665 | +41.2% |
| Trade debts | 44 | €34,894 | €33,062 | -€1,832 | -5.3% |
| Suppliers | 440/4 | €34,894 | €33,062 | -€1,832 | -5.3% |
| Taxes, remuneration and social security | 45 | €18,076 | €12,143 | -€5,934 | -32.8% |
| Taxes | 450/3 | €8,776 | €1,293 | -€7,484 | -85.3% |
| Remuneration and social security | 454/9 | €9,300 | €10,850 | +€1,550 | +16.7% |
| Other amounts payable | 47/48 | €11,174 | €9,931 | -€1,243 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,535 | €6,958 | +€423 | +6.5% |
| Other operating charges | 640/8 | €3,197 | €9,381 | +€6,184 | +193% |
| Gross operating margin | 9900 | -€6,359 | €25,135 | +€31,494 | |
| Operating profit (loss) | 9901 | -€16,091 | €8,795 | +€24,886 | |
| Financial income | 75/76B | €524 | €0 | -€523 | -99.9% |
| Recurring financial income | 75 | €524 | €0 | -€523 | -99.9% |
| Financial charges | 65/66B | €3,102 | €23,131 | +€20,029 | +646% |
| Recurring financial charges | 65 | €2,907 | €1,535 | -€1,371 | -47.2% |
| Non-recurring financial charges | 66B | €195 | €21,595 | +€21,400 | +10,997% |
| Profit (loss) for the period before taxes | 9903 | -€18,669 | -€14,335 | +€4,334 | +23.2% |
| Income taxes | 67/77 | €454 | €442 | -€12 | -2.7% |
| Profit (loss) for the period | 9904 | -€19,122 | -€14,776 | +€4,346 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,122 | -€14,776 | +€4,346 | +22.7% |
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 17 October 2026 via checked.be.