LCCM: 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.
LCCM
Largest movements
- Tangible fixed assets +€10,612
up €10,612 (+83.6%), from €12,686 to €23,298
of which Furniture and vehicles: +€10,253
- Receivables within one year -€3,626
down €3,626 (-15.7%), from €23,156 to €19,530
of which Trade receivables: -€8,539
- Cash -€2,468
down €2,468 (-59.3%), from €4,164 to €1,696
mainly Investment in fixed assets (net) (-€17,223) and Advances received (-€10,667)
- Reserves +€13,000
new in 2025: €13,000
- Advances received -€10,667
no longer reported in 2025 (was €10,667)
- Tax, wage and social debts +€8,772
up €8,772 (+900.1%), from €975 to €9,746
of which Remuneration and social security: +€6,645
- Trade debts -€4,023
down €4,023 (-62.7%), from €6,413 to €2,391
- Profit (loss) carried forward -€3,822
down €3,822 (-89.8%), from €4,256 to €434
- Gross operating margin -€19,130
down €19,130 (-46.4%), from €41,227 to €22,097
- Depreciation +€3,771
up €3,771 (+132.8%), from €2,841 to €6,611
- Financial charges +€2,848
up €2,848 (+2688.2%), from €106 to €2,954
of which Non-recurring financial charges: +€2,779
- Taxes +€2,127
up €2,127 (+218.2%), from €975 to €3,101
- Financial income +€759
up €759 (+3840.2%), from €20 to €779
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 | €42,311 | €46,992 | +€4,680 | +11.1% |
| Fixed assets | 21/28 | €14,186 | €24,798 | +€10,612 | +74.8% |
| Tangible fixed assets | 22/27 | €12,686 | €23,298 | +€10,612 | +83.6% |
| Plant, machinery and equipment | 23 | - | €358 | +€358 | |
| Furniture and vehicles | 24 | €12,686 | €22,940 | +€10,253 | +80.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €28,125 | €22,194 | -€5,931 | -21.1% |
| Amounts receivable within one year | 40/41 | €23,156 | €19,530 | -€3,626 | -15.7% |
| Trade receivables | 40 | €9,186 | €648 | -€8,539 | -93.0% |
| Other amounts receivable | 41 | €13,970 | €18,882 | +€4,913 | +35.2% |
| Cash at bank and in hand | 54/58 | €4,164 | €1,696 | -€2,468 | -59.3% |
| Deferred charges and accrued income | 490/1 | €805 | €968 | +€162 | +20.2% |
| Total equity and liabilities | 10/49 | €42,311 | €46,992 | +€4,680 | +11.1% |
| Equity | 10/15 | €24,256 | €33,434 | +€9,178 | +37.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €13,000 | +€13,000 | |
| Distributable reserves | 133 | - | €13,000 | +€13,000 | |
| Profit (loss) carried forward | 14 | €4,256 | €434 | -€3,822 | -89.8% |
| Amounts payable | 17/49 | €18,055 | €13,557 | -€4,498 | -24.9% |
| Amounts payable within one year | 42/48 | €18,055 | €13,157 | -€4,898 | -27.1% |
| Trade debts | 44 | €6,413 | €2,391 | -€4,023 | -62.7% |
| Suppliers | 440/4 | €6,413 | €2,391 | -€4,023 | -62.7% |
| Advances received on contracts in progress | 46 | €10,667 | - | -€10,667 | |
| Taxes, remuneration and social security | 45 | €975 | €9,746 | +€8,772 | +900.1% |
| Taxes | 450/3 | €975 | €3,101 | +€2,127 | +218.2% |
| Remuneration and social security | 454/9 | - | €6,645 | +€6,645 | |
| Other amounts payable | 47/48 | - | €1,020 | +€1,020 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €114 | - | -€114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,841 | €6,611 | +€3,771 | +132.8% |
| Other operating charges | 640/8 | €1,179 | €1,031 | -€147 | -12.5% |
| Gross operating margin | 9900 | €41,227 | €22,097 | -€19,130 | -46.4% |
| Operating profit (loss) | 9901 | €37,095 | €14,455 | -€22,640 | -61.0% |
| Financial income | 75/76B | €20 | €779 | +€759 | +3840.2% |
| Recurring financial income | 75 | €20 | €779 | +€759 | +3840.2% |
| Financial charges | 65/66B | €106 | €2,954 | +€2,848 | +2688.2% |
| Recurring financial charges | 65 | €106 | €175 | +€69 | +64.8% |
| Non-recurring financial charges | 66B | - | €2,779 | +€2,779 | |
| Profit (loss) for the period before taxes | 9903 | €37,008 | €12,279 | -€24,729 | -66.8% |
| Income taxes | 67/77 | €975 | €3,101 | +€2,127 | +218.2% |
| Profit (loss) for the period | 9904 | €36,034 | €9,178 | -€26,856 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,034 | €9,178 | -€26,856 | -74.5% |
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 7 October 2026 via checked.be.