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
- Receivables within one year +€57,479
up €57,479 (+4564.4%), from €1,259 to €58,738
of which Trade receivables: +€52,299
- Cash -€14,313
down €14,313 (-6.5%), from €219,073 to €204,759
mainly Receivables within one year (-€57,479) and Net result for the year (-€12,347)
- Tangible fixed assets -€7,879
down €7,879 (-53.0%), from €14,870 to €6,991
of which Other tangible fixed assets: -€4,769
- Intangible fixed assets +€4,047
new in 2025: €4,047
- Other debts +€42,911
up €42,911 (+33.2%), from €129,224 to €172,135
- Trade debts +€10,889
up €10,889 (+50.8%), from €21,453 to €32,343
- Profit (loss) carried forward -€8,497
down €8,497 (-252.1%), from -€3,370 to -€11,867
- Reserves -€3,850
no longer reported in 2025 (was €3,850)
- Gross operating margin -€98,337
down €98,337, from €94,674 to -€3,663
- Staff costs -€11,888
no longer reported in 2025 (was €11,888)
- Taxes -€4,713
no longer reported in 2025 (was €4,713)
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 | €236,202 | €275,985 | +€39,784 | +16.8% |
| Fixed assets | 21/28 | €15,870 | €12,038 | -€3,832 | -24.1% |
| Intangible fixed assets | 21 | - | €4,047 | +€4,047 | |
| Tangible fixed assets | 22/27 | €14,870 | €6,991 | -€7,879 | -53.0% |
| Plant, machinery and equipment | 23 | €1,307 | €575 | -€732 | -56.0% |
| Furniture and vehicles | 24 | €4,980 | €2,601 | -€2,378 | -47.8% |
| Other tangible fixed assets | 26 | €8,583 | €3,814 | -€4,769 | -55.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €220,332 | €263,947 | +€43,615 | +19.8% |
| Amounts receivable within one year | 40/41 | €1,259 | €58,738 | +€57,479 | +4564.4% |
| Trade receivables | 40 | €250 | €52,549 | +€52,299 | +20919.6% |
| Other amounts receivable | 41 | €1,009 | €6,189 | +€5,180 | +513.2% |
| Cash at bank and in hand | 54/58 | €219,073 | €204,759 | -€14,313 | -6.5% |
| Deferred charges and accrued income | 490/1 | - | €450 | +€450 | |
| Total equity and liabilities | 10/49 | €236,202 | €275,985 | +€39,784 | +16.8% |
| Equity | 10/15 | €80,480 | €68,133 | -€12,347 | -15.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €3,850 | - | -€3,850 | |
| Distributable reserves | 133 | €3,850 | - | -€3,850 | |
| Profit (loss) carried forward | 14 | -€3,370 | -€11,867 | -€8,497 | -252.1% |
| Amounts payable | 17/49 | €155,722 | €207,852 | +€52,131 | +33.5% |
| Amounts payable within one year | 42/48 | €155,722 | €207,852 | +€52,131 | +33.5% |
| Trade debts | 44 | €21,453 | €32,343 | +€10,889 | +50.8% |
| Suppliers | 440/4 | €21,453 | €32,343 | +€10,889 | +50.8% |
| Taxes, remuneration and social security | 45 | €5,044 | €3,375 | -€1,669 | -33.1% |
| Taxes | 450/3 | €5,044 | €3,375 | -€1,669 | -33.1% |
| Other amounts payable | 47/48 | €129,224 | €172,135 | +€42,911 | +33.2% |
| Remuneration, social security and pensions | 62 | €11,888 | - | -€11,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,661 | €7,992 | +€331 | +4.3% |
| Other operating charges | 640/8 | €545 | €349 | -€196 | -35.9% |
| Gross operating margin | 9900 | €94,674 | -€3,663 | -€98,337 | |
| Operating profit (loss) | 9901 | €74,580 | -€12,004 | -€86,584 | |
| Financial income | 75/76B | €116 | €30 | -€86 | -74.5% |
| Recurring financial income | 75 | €116 | €30 | -€86 | -74.5% |
| Financial charges | 65/66B | €280 | €373 | +€93 | +33.4% |
| Recurring financial charges | 65 | €280 | €373 | +€93 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €74,416 | -€12,347 | -€86,764 | |
| Income taxes | 67/77 | €4,713 | - | -€4,713 | |
| Profit (loss) for the period | 9904 | €69,704 | -€12,347 | -€82,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,704 | -€12,347 | -€82,051 |
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 29 September 2026 via checked.be.