LCCR: 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.
LCCR
Largest movements
- Cash +€34,230
up €34,230 (+87.7%), from €39,014 to €73,244
mainly Net result for the year (+€122,466) and Depreciation (+€18,589)
- Tangible fixed assets -€15,389
down €15,389 (-2.9%), from €530,738 to €515,349
of which Assets under construction and advance payments: -€15,219
- Receivables within one year -€10,021
down €10,021 (-61.3%), from €16,338 to €6,317
of which Trade receivables: -€10,021
- Reserves +€52,467
up €52,467 (+27.0%), from €194,246 to €246,713
- Debts after one year -€43,680
down €43,680 (-12.9%), from €338,678 to €294,998
- Other operating charges -€45,322
down €45,322 (-98.3%), from €46,111 to €789
- Financial income -€26,462
down €26,462 (-26.1%), from €101,462 to €75,000
- Taxes +€9,915
up €9,915 (+497.2%), from €1,994 to €11,909
- Gross operating margin +€7,051
up €7,051 (+9.2%), from €76,788 to €83,839
- Staff costs -€3,200
no longer reported in 2025 (was €3,200)
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 | €651,090 | €659,910 | +€8,820 | +1.4% |
| Fixed assets | 21/28 | €555,738 | €540,349 | -€15,389 | -2.8% |
| Tangible fixed assets | 22/27 | €530,738 | €515,349 | -€15,389 | -2.9% |
| Land and buildings | 22 | €490,938 | €497,194 | +€6,256 | +1.3% |
| Furniture and vehicles | 24 | €24,581 | €18,155 | -€6,426 | -26.1% |
| Assets under construction and advance payments | 27 | €15,219 | - | -€15,219 | |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €95,352 | €119,560 | +€24,208 | +25.4% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,338 | €6,317 | -€10,021 | -61.3% |
| Trade receivables | 40 | €10,021 | - | -€10,021 | |
| Other amounts receivable | 41 | €6,317 | €6,317 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €39,014 | €73,244 | +€34,230 | +87.7% |
| Total equity and liabilities | 10/49 | €651,090 | €659,910 | +€8,820 | +1.4% |
| Equity | 10/15 | €200,446 | €252,913 | +€52,467 | +26.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €194,246 | €246,713 | +€52,467 | +27.0% |
| Distributable reserves | 133 | €194,246 | €246,713 | +€52,467 | +27.0% |
| Amounts payable | 17/49 | €450,644 | €406,997 | -€43,647 | -9.7% |
| Amounts payable after more than one year | 17 | €338,678 | €294,998 | -€43,680 | -12.9% |
| Financial debts | 170/4 | €338,678 | €294,998 | -€43,680 | -12.9% |
| Amounts payable within one year | 42/48 | €111,966 | €111,999 | +€33 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €54,245 | €51,680 | -€2,565 | -4.7% |
| Trade debts | 44 | - | €1,806 | +€1,806 | |
| Suppliers | 440/4 | - | €1,806 | +€1,806 | |
| Taxes, remuneration and social security | 45 | €27,723 | €30,587 | +€2,864 | +10.3% |
| Taxes | 450/3 | €27,723 | €30,587 | +€2,864 | +10.3% |
| Other amounts payable | 47/48 | €29,998 | €27,926 | -€2,072 | -6.9% |
| Remuneration, social security and pensions | 62 | €3,200 | - | -€3,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,727 | €18,589 | -€138 | -0.7% |
| Other operating charges | 640/8 | €46,111 | €789 | -€45,322 | -98.3% |
| Gross operating margin | 9900 | €76,788 | €83,839 | +€7,051 | +9.2% |
| Operating profit (loss) | 9901 | €8,750 | €64,460 | +€55,710 | +636.7% |
| Financial income | 75/76B | €101,462 | €75,000 | -€26,462 | -26.1% |
| Recurring financial income | 75 | €101,462 | €75,000 | -€26,462 | -26.1% |
| Financial charges | 65/66B | €5,915 | €5,084 | -€831 | -14.0% |
| Recurring financial charges | 65 | €5,582 | €5,084 | -€498 | -8.9% |
| Non-recurring financial charges | 66B | €333 | - | -€333 | |
| Profit (loss) for the period before taxes | 9903 | €104,297 | €134,376 | +€30,079 | +28.8% |
| Income taxes | 67/77 | €1,994 | €11,909 | +€9,915 | +497.2% |
| Profit (loss) for the period | 9904 | €102,303 | €122,466 | +€20,163 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,303 | €122,466 | +€20,163 | +19.7% |
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.