LCA: 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.
LCA
Largest movements
- Cash +€15,168
up €15,168 (+1055.5%), from €1,437 to €16,605
mainly Net result for the year (+€20,015) and Other debts (+€15,407)
- Receivables within one year -€4,660
down €4,660 (-3.5%), from €132,982 to €128,322
of which Other amounts receivable: -€21,512
- Trade debts -€27,972
down €27,972 (-73.9%), from €37,859 to €9,887
- Reserves +€19,500
up €19,500 (+134.5%), from €14,500 to €34,000
- Other debts +€15,407
up €15,407 (+47.2%), from €32,611 to €48,018
- Tax, wage and social debts +€3,343
up €3,343 (+30.4%), from €10,980 to €14,323
- Taxes +€10,984
up €10,984 (+453.7%), from €2,421 to €13,405
- Gross operating margin +€10,141
up €10,141 (+33.4%), from €30,343 to €40,484
- Staff costs -€7,870
down €7,870 (-63.4%), from €12,420 to €4,550
- Write-downs -€4,273
no longer reported in 2025 (was €4,273)
- Financial charges +€1,010
up €1,010 (+95.8%), from €1,054 to €2,064
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 | €135,169 | €146,018 | +€10,849 | +8.0% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €134,969 | €145,818 | +€10,849 | +8.0% |
| Stocks and contracts in progress | 3 | €550 | €891 | +€341 | +62.0% |
| Stocks | 30/36 | €550 | €891 | +€341 | +62.0% |
| Amounts receivable within one year | 40/41 | €132,982 | €128,322 | -€4,660 | -3.5% |
| Trade receivables | 40 | €110,082 | €126,934 | +€16,852 | +15.3% |
| Other amounts receivable | 41 | €22,900 | €1,388 | -€21,512 | -93.9% |
| Cash at bank and in hand | 54/58 | €1,437 | €16,605 | +€15,168 | +1055.5% |
| Total equity and liabilities | 10/49 | €135,169 | €146,018 | +€10,849 | +8.0% |
| Equity | 10/15 | €53,719 | €73,734 | +€20,015 | +37.3% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Reserves | 13 | €14,500 | €34,000 | +€19,500 | +134.5% |
| Distributable reserves | 133 | €14,500 | €34,000 | +€19,500 | +134.5% |
| Profit (loss) carried forward | 14 | €36,740 | €37,255 | +€515 | +1.4% |
| Amounts payable | 17/49 | €81,450 | €72,284 | -€9,166 | -11.3% |
| Amounts payable within one year | 42/48 | €81,450 | €72,284 | -€9,166 | -11.3% |
| Financial debts | 43 | - | €56 | +€56 | |
| Credit institutions | 430/8 | - | €56 | +€56 | |
| Trade debts | 44 | €37,859 | €9,887 | -€27,972 | -73.9% |
| Suppliers | 440/4 | €37,859 | €9,887 | -€27,972 | -73.9% |
| Taxes, remuneration and social security | 45 | €10,980 | €14,323 | +€3,343 | +30.4% |
| Taxes | 450/3 | €10,980 | €14,323 | +€3,343 | +30.4% |
| Other amounts payable | 47/48 | €32,611 | €48,018 | +€15,407 | +47.2% |
| Remuneration, social security and pensions | 62 | €12,420 | €4,550 | -€7,870 | -63.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,273 | - | -€4,273 | |
| Other operating charges | 640/8 | €244 | €400 | +€156 | +63.9% |
| Non-recurring operating charges | 66A | €1,165 | €50 | -€1,115 | -95.7% |
| Gross operating margin | 9900 | €30,343 | €40,484 | +€10,141 | +33.4% |
| Operating profit (loss) | 9901 | €12,241 | €35,484 | +€23,243 | +189.9% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €1,054 | €2,064 | +€1,010 | +95.8% |
| Recurring financial charges | 65 | €1,054 | €2,064 | +€1,010 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €11,193 | €33,420 | +€22,227 | +198.6% |
| Income taxes | 67/77 | €2,421 | €13,405 | +€10,984 | +453.7% |
| Profit (loss) for the period | 9904 | €8,772 | €20,015 | +€11,243 | +128.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,772 | €20,015 | +€11,243 | +128.2% |
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 4 October 2026 via checked.be.