LC2: 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.
LC2
Largest movements
- Cash +€13,526
up €13,526 (+662.0%), from €2,043 to €15,569
mainly Tax, wage and social debts (+€20,149) and Net result for the year (+€12,970)
- Receivables within one year +€13,336
up €13,336 (+8.2%), from €161,757 to €175,093
of which Other amounts receivable: +€29,030
- Tangible fixed assets +€4,415
up €4,415 (+118.6%), from €3,722 to €8,138
of which Furniture and vehicles: +€5,894
- Tax, wage and social debts +€20,149
up €20,149 (+258.3%), from €7,800 to €27,949
- Profit (loss) carried forward +€12,970
up €12,970 (+22.2%), from -€58,371 to -€45,401
- Financial charges -€56,074
down €56,074 (-93.9%), from €59,730 to €3,656
- Gross operating margin +€7,965
up €7,965 (+64.3%), from €12,380 to €20,344
- Write-downs +€5,106
new in 2024: €5,106
- Other operating charges +€1,662
up €1,662 (+161.4%), from €1,030 to €2,692
- Depreciation +€1,302
up €1,302 (+33.9%), from €3,842 to €5,144
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,768 | €203,941 | +€30,173 | +17.4% |
| Fixed assets | 21/28 | €9,385 | €12,910 | +€3,525 | +37.6% |
| Intangible fixed assets | 21 | €5,573 | €4,682 | -€891 | -16.0% |
| Tangible fixed assets | 22/27 | €3,722 | €8,138 | +€4,415 | +118.6% |
| Plant, machinery and equipment | 23 | €2,420 | €941 | -€1,478 | -61.1% |
| Furniture and vehicles | 24 | €1,303 | €7,196 | +€5,894 | +452.4% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €164,383 | €191,031 | +€26,648 | +16.2% |
| Amounts receivable within one year | 40/41 | €161,757 | €175,093 | +€13,336 | +8.2% |
| Trade receivables | 40 | €26,071 | €10,377 | -€15,694 | -60.2% |
| Other amounts receivable | 41 | €135,686 | €164,716 | +€29,030 | +21.4% |
| Cash at bank and in hand | 54/58 | €2,043 | €15,569 | +€13,526 | +662.0% |
| Deferred charges and accrued income | 490/1 | €582 | €369 | -€214 | -36.7% |
| Total equity and liabilities | 10/49 | €173,768 | €203,941 | +€30,173 | +17.4% |
| Equity | 10/15 | €142,332 | €155,302 | +€12,970 | +9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €188,303 | €188,303 | = | 0.0% |
| 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 | €186,443 | €186,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,371 | -€45,401 | +€12,970 | +22.2% |
| Amounts payable | 17/49 | €31,436 | €48,639 | +€17,203 | +54.7% |
| Amounts payable after more than one year | 17 | €2,785 | €944 | -€1,841 | -66.1% |
| Financial debts | 170/4 | €2,785 | €944 | -€1,841 | -66.1% |
| Amounts payable within one year | 42/48 | €28,651 | €47,695 | +€19,044 | +66.5% |
| Current portion of amounts payable after more than one year | 42 | €9,672 | €9,925 | +€253 | +2.6% |
| Trade debts | 44 | €10,378 | €9,020 | -€1,359 | -13.1% |
| Suppliers | 440/4 | €10,378 | €9,020 | -€1,359 | -13.1% |
| Taxes, remuneration and social security | 45 | €7,800 | €27,949 | +€20,149 | +258.3% |
| Taxes | 450/3 | €7,800 | €27,949 | +€20,149 | +258.3% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,842 | €5,144 | +€1,302 | +33.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,106 | +€5,106 | |
| Other operating charges | 640/8 | €1,030 | €2,692 | +€1,662 | +161.4% |
| Gross operating margin | 9900 | €12,380 | €20,344 | +€7,965 | +64.3% |
| Operating profit (loss) | 9901 | €7,508 | €7,402 | -€106 | -1.4% |
| Financial income | 75/76B | €9,010 | €9,459 | +€449 | +5.0% |
| Recurring financial income | 75 | €9,010 | €9,459 | +€449 | +5.0% |
| Financial charges | 65/66B | €59,730 | €3,656 | -€56,074 | -93.9% |
| Recurring financial charges | 65 | €59,730 | €3,656 | -€56,074 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,212 | €13,204 | +€56,417 | |
| Income taxes | 67/77 | €247 | €235 | -€12 | -5.0% |
| Profit (loss) for the period | 9904 | -€43,459 | €12,970 | +€56,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,459 | €12,970 | +€56,429 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.