LCD GROUP: 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.
LCD GROUP
Largest movements
- Cash +€61,048
up €61,048 (+264.3%), from €23,102 to €84,150
mainly Net result for the year (+€57,162) and Depreciation (+€42,149)
- Tangible fixed assets -€27,283
down €27,283 (-3.5%), from €789,846 to €762,562
of which Land and buildings: -€23,265
- Profit (loss) carried forward +€57,162
up €57,162 (+17.9%), from €319,570 to €376,732
- Debts after one year -€55,804
down €55,804 (-20.1%), from €277,796 to €221,992
- Tax, wage and social debts +€11,756
up €11,756 (+32.1%), from €36,595 to €48,351
of which Taxes: +€9,756
- Current portion of long-term debt +€10,691
up €10,691 (+16.7%), from €64,186 to €74,877
- Gross operating margin -€22,871
down €22,871 (-9.1%), from €252,494 to €229,623
- Depreciation -€15,476
down €15,476 (-26.9%), from €57,625 to €42,149
- Taxes -€3,163
down €3,163 (-12.8%), from €24,757 to €21,594
- Other operating charges +€2,981
up €2,981 (+3.8%), from €79,064 to €82,044
- Financial charges -€2,908
down €2,908 (-9.8%), from €29,583 to €26,675
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 | €863,498 | €897,118 | +€33,620 | +3.9% |
| Fixed assets | 21/28 | €789,846 | €762,562 | -€27,283 | -3.5% |
| Tangible fixed assets | 22/27 | €789,846 | €762,562 | -€27,283 | -3.5% |
| Land and buildings | 22 | €776,841 | €753,576 | -€23,265 | -3.0% |
| Furniture and vehicles | 24 | €13,004 | €8,986 | -€4,018 | -30.9% |
| Current assets | 29/58 | €73,653 | €134,556 | +€60,904 | +82.7% |
| Stocks and contracts in progress | 3 | €22,452 | €22,452 | = | 0.0% |
| Stocks | 30/36 | €22,452 | €22,452 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,552 | €27,018 | +€4,466 | +19.8% |
| Trade receivables | 40 | €20,358 | €2,358 | -€18,000 | -88.4% |
| Other amounts receivable | 41 | €2,194 | €24,660 | +€22,466 | +1023.9% |
| Cash at bank and in hand | 54/58 | €23,102 | €84,150 | +€61,048 | +264.3% |
| Deferred charges and accrued income | 490/1 | €5,546 | €936 | -€4,610 | -83.1% |
| Total equity and liabilities | 10/49 | €863,498 | €897,118 | +€33,620 | +3.9% |
| Equity | 10/15 | €333,820 | €390,982 | +€57,162 | +17.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319,570 | €376,732 | +€57,162 | +17.9% |
| Amounts payable | 17/49 | €529,678 | €506,136 | -€23,542 | -4.4% |
| Amounts payable after more than one year | 17 | €277,796 | €221,992 | -€55,804 | -20.1% |
| Financial debts | 170/4 | €277,796 | €221,992 | -€55,804 | -20.1% |
| Amounts payable within one year | 42/48 | €251,882 | €284,144 | +€32,262 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €64,186 | €74,877 | +€10,691 | +16.7% |
| Trade debts | 44 | €97,098 | €102,908 | +€5,810 | +6.0% |
| Suppliers | 440/4 | €97,098 | €102,908 | +€5,810 | +6.0% |
| Taxes, remuneration and social security | 45 | €36,595 | €48,351 | +€11,756 | +32.1% |
| Taxes | 450/3 | €36,595 | €46,351 | +€9,756 | +26.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €54,003 | €58,007 | +€4,004 | +7.4% |
| Non-recurring operating income | 76A | - | €10,286 | +€10,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,625 | €42,149 | -€15,476 | -26.9% |
| Other operating charges | 640/8 | €79,064 | €82,044 | +€2,981 | +3.8% |
| Gross operating margin | 9900 | €252,494 | €229,623 | -€22,871 | -9.1% |
| Operating profit (loss) | 9901 | €115,805 | €105,430 | -€10,375 | -9.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €29,583 | €26,675 | -€2,908 | -9.8% |
| Recurring financial charges | 65 | €29,583 | €26,675 | -€2,908 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €86,223 | €78,757 | -€7,466 | -8.7% |
| Income taxes | 67/77 | €24,757 | €21,594 | -€3,163 | -12.8% |
| Profit (loss) for the period | 9904 | €61,465 | €57,162 | -€4,303 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,465 | €57,162 | -€4,303 | -7.0% |
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.