LCA: 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.
LCA
Largest movements
- Receivables within one year -€22,778
down €22,778 (-17.2%), from €132,061 to €109,283
of which Other amounts receivable: -€16,587
- Stocks and contracts -€15,568
down €15,568 (-67.0%), from €23,250 to €7,682
- Tangible fixed assets -€12,063
down €12,063 (-26.2%), from €46,088 to €34,025
of which Plant, machinery and equipment: -€9,024
- Financial fixed assets -€8,304
down €8,304 (-99.2%), from €8,372 to €68
- Intangible fixed assets -€6,805
down €6,805 (-25.0%), from €27,218 to €20,413
- Debts after one year -€100,171
down €100,171 (-35.6%), from €281,640 to €181,469
- Trade debts +€18,335
up €18,335 (+12.9%), from €142,509 to €160,844
- Tax, wage and social debts +€15,738
up €15,738 (+74.5%), from €21,120 to €36,858
of which Remuneration and social security: +€12,026
- Profit (loss) carried forward +€8,332
up €8,332 (+3.7%), from -€225,836 to -€217,504
- Current portion of long-term debt -€2,769
no longer reported in 2025 (was €2,769)
- Gross operating margin +€23,060
up €23,060 (+8.0%), from €289,138 to €312,198
- Staff costs -€14,382
down €14,382 (-5.3%), from €271,607 to €257,225
- Financial charges +€6,560
up €6,560 (+112%), from €5,855 to €12,415
- Depreciation +€3,887
up €3,887 (+23.9%), from €16,272 to €20,159
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 | €243,100 | €181,666 | -€61,434 | -25.3% |
| Fixed assets | 21/28 | €81,678 | €54,506 | -€27,172 | -33.3% |
| Intangible fixed assets | 21 | €27,218 | €20,413 | -€6,805 | -25.0% |
| Tangible fixed assets | 22/27 | €46,088 | €34,025 | -€12,063 | -26.2% |
| Plant, machinery and equipment | 23 | €31,042 | €22,018 | -€9,024 | -29.1% |
| Furniture and vehicles | 24 | €15,046 | €12,007 | -€3,039 | -20.2% |
| Financial fixed assets | 28 | €8,372 | €68 | -€8,304 | -99.2% |
| Current assets | 29/58 | €161,422 | €127,160 | -€34,262 | -21.2% |
| Stocks and contracts in progress | 3 | €23,250 | €7,682 | -€15,568 | -67.0% |
| Stocks | 30/36 | €23,250 | €7,682 | -€15,568 | -67.0% |
| Amounts receivable within one year | 40/41 | €132,061 | €109,283 | -€22,778 | -17.2% |
| Trade receivables | 40 | €94,652 | €88,461 | -€6,191 | -6.5% |
| Other amounts receivable | 41 | €37,409 | €20,822 | -€16,587 | -44.3% |
| Cash at bank and in hand | 54/58 | €6,111 | €6,295 | +€184 | +3.0% |
| Deferred charges and accrued income | 490/1 | - | €3,900 | +€3,900 | |
| Total equity and liabilities | 10/49 | €243,100 | €181,666 | -€61,434 | -25.3% |
| Equity | 10/15 | -€205,837 | -€197,505 | +€8,332 | +4.0% |
| Contributions | 10/11 | €18,139 | €18,139 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€225,836 | -€217,504 | +€8,332 | +3.7% |
| Amounts payable | 17/49 | €448,937 | €379,171 | -€69,766 | -15.5% |
| Amounts payable after more than one year | 17 | €281,640 | €181,469 | -€100,171 | -35.6% |
| Other amounts payable | 178/9 | €281,640 | €181,469 | -€100,171 | -35.6% |
| Amounts payable within one year | 42/48 | €166,398 | €197,702 | +€31,304 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €2,769 | - | -€2,769 | |
| Trade debts | 44 | €142,509 | €160,844 | +€18,335 | +12.9% |
| Suppliers | 440/4 | €142,509 | €160,844 | +€18,335 | +12.9% |
| Taxes, remuneration and social security | 45 | €21,120 | €36,858 | +€15,738 | +74.5% |
| Taxes | 450/3 | €4,311 | €8,023 | +€3,712 | +86.1% |
| Remuneration and social security | 454/9 | €16,809 | €28,835 | +€12,026 | +71.5% |
| Accrued charges and deferred income | 492/3 | €899 | - | -€899 | |
| Remuneration, social security and pensions | 62 | €271,607 | €257,225 | -€14,382 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,272 | €20,159 | +€3,887 | +23.9% |
| Other operating charges | 640/8 | €13,966 | €11,224 | -€2,742 | -19.6% |
| Gross operating margin | 9900 | €289,138 | €312,198 | +€23,060 | +8.0% |
| Operating profit (loss) | 9901 | -€12,707 | €23,590 | +€36,297 | |
| Financial income | 75/76B | €49 | €157 | +€108 | +220% |
| Recurring financial income | 75 | €49 | €157 | +€108 | +220% |
| Financial charges | 65/66B | €5,855 | €12,415 | +€6,560 | +112% |
| Recurring financial charges | 65 | €5,855 | €12,415 | +€6,560 | +112% |
| Profit (loss) for the period before taxes | 9903 | -€18,513 | €11,332 | +€29,845 | |
| Income taxes | 67/77 | €534 | €3,000 | +€2,466 | +462% |
| Profit (loss) for the period | 9904 | -€19,047 | €8,332 | +€27,379 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,047 | €8,332 | +€27,379 |
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 16 October 2026 via checked.be.