LCD Montage: what changed
LCD Montage
Largest movements
- Tangible fixed assets +€29,680
up €29,680 (+148%), from €20,025 to €49,705
of which Leasing and similar rights: +€34,130
- Stocks and contracts -€6,590
down €6,590 (-30.6%), from €21,525 to €14,935
- Receivables within one year -€5,176
down €5,176 (-58.3%), from €8,884 to €3,708
- Cash -€2,133
down €2,133 (-5.3%), from €40,604 to €38,471
mainly Investment in fixed assets (net) (-€40,153) and Accrued charges and deferred income (-€32,955)
- Accrued charges and deferred income -€32,955
no longer reported in 2025 (was €32,955)
- Debts after one year +€17,607
up €17,607 (+88.6%), from €19,865 to €37,472
- Reserves +€16,420
up €16,420 (+122%), from €13,474 to €29,894
- Tax, wage and social debts +€5,835
up €5,835 (+500%), from €1,168 to €7,003
of which Taxes: +€6,291
- Current portion of long-term debt +€4,927
up €4,927 (+105%), from €4,691 to €9,618
- Gross operating margin +€29,567
up €29,567 (+292%), from €10,127 to €39,694
- Depreciation +€6,023
up €6,023 (+135%), from €4,450 to €10,473
- Taxes +€5,556
up €5,556 (+2,683%), from €207 to €5,764
- Financial charges +€1,649
up €1,649 (+132%), from €1,254 to €2,903
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,038 | €106,819 | +€15,781 | +17.3% |
| Fixed assets | 21/28 | €20,025 | €49,705 | +€29,680 | +148% |
| Tangible fixed assets | 22/27 | €20,025 | €49,705 | +€29,680 | +148% |
| Land and buildings | 22 | €20,025 | €15,575 | -€4,450 | -22.2% |
| Leasing and similar rights | 25 | - | €34,130 | +€34,130 | |
| Current assets | 29/58 | €71,013 | €57,115 | -€13,898 | -19.6% |
| Stocks and contracts in progress | 3 | €21,525 | €14,935 | -€6,590 | -30.6% |
| Stocks | 30/36 | €21,525 | €14,935 | -€6,590 | -30.6% |
| Amounts receivable within one year | 40/41 | €8,884 | €3,708 | -€5,176 | -58.3% |
| Trade receivables | 40 | €8,884 | €3,708 | -€5,176 | -58.3% |
| Cash at bank and in hand | 54/58 | €40,604 | €38,471 | -€2,133 | -5.3% |
| Total equity and liabilities | 10/49 | €91,038 | €106,819 | +€15,781 | +17.3% |
| Equity | 10/15 | €29,413 | €48,494 | +€19,081 | +64.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,474 | €29,894 | +€16,420 | +122% |
| Distributable reserves | 133 | €13,474 | €29,894 | +€16,420 | +122% |
| Profit (loss) carried forward | 14 | -€2,661 | - | +€2,661 | |
| Amounts payable | 17/49 | €61,625 | €58,325 | -€3,300 | -5.4% |
| Amounts payable after more than one year | 17 | €19,865 | €37,472 | +€17,607 | +88.6% |
| Financial debts | 170/4 | €19,865 | €37,472 | +€17,607 | +88.6% |
| Amounts payable within one year | 42/48 | €8,805 | €20,853 | +€12,048 | +137% |
| Current portion of amounts payable after more than one year | 42 | €4,691 | €9,618 | +€4,927 | +105% |
| Trade debts | 44 | €733 | €2,019 | +€1,286 | +175% |
| Suppliers | 440/4 | €733 | €2,019 | +€1,286 | +175% |
| Taxes, remuneration and social security | 45 | €1,168 | €7,003 | +€5,835 | +500% |
| Taxes | 450/3 | €362 | €6,653 | +€6,291 | +1,736% |
| Remuneration and social security | 454/9 | €805 | €350 | -€455 | -56.5% |
| Other amounts payable | 47/48 | €2,213 | €2,213 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €32,955 | - | -€32,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,450 | €10,473 | +€6,023 | +135% |
| Other operating charges | 640/8 | €1,823 | €1,692 | -€131 | -7.2% |
| Gross operating margin | 9900 | €10,127 | €39,694 | +€29,567 | +292% |
| Operating profit (loss) | 9901 | €3,854 | €27,530 | +€23,676 | +614% |
| Financial income | 75/76B | €31 | €219 | +€188 | +615% |
| Recurring financial income | 75 | €31 | €219 | +€188 | +615% |
| Financial charges | 65/66B | €1,254 | €2,903 | +€1,649 | +132% |
| Recurring financial charges | 65 | €1,254 | €2,903 | +€1,649 | +132% |
| Profit (loss) for the period before taxes | 9903 | €2,631 | €24,845 | +€22,214 | +844% |
| Income taxes | 67/77 | €207 | €5,764 | +€5,556 | +2,683% |
| Profit (loss) for the period | 9904 | €2,424 | €19,081 | +€16,658 | +687% |
| Profit (loss) for the period to be appropriated | 9905 | €2,424 | €19,081 | +€16,658 | +687% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.