LCDC: 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.
LCDC
Largest movements
- Tangible fixed assets -€11,288
down €11,288 (-54.3%), from €20,777 to €9,489
of which Furniture and vehicles: -€12,446
- Receivables within one year +€7,695
up €7,695 (+48.7%), from €15,799 to €23,494
of which Trade receivables: +€8,504
- Cash -€3,838
down €3,838 (-42.0%), from €9,137 to €5,299
mainly Receivables within one year (-€7,695) and Current portion of long-term debt (-€6,658)
- Deferred charges and accrued income +€2,775
up €2,775 (+1,230%), from €226 to €3,001
- Current portion of long-term debt -€6,658
down €6,658 (-57.5%), from €11,586 to €4,928
- Debts after one year -€4,928
down €4,928 (-100%), from €4,928 to €0
- Reserves +€4,526
up €4,526 (+159%), from €2,846 to €7,372
- Accrued charges and deferred income +€2,148
up €2,148 (+3,567%), from €60 to €2,208
- Trade debts +€1,577
up €1,577 (+211%), from €749 to €2,326
- Gross operating margin +€1,857
up €1,857 (+9.5%), from €19,493 to €21,349
- Taxes +€809
up €809 (+73.6%), from €1,100 to €1,908
- Financial charges -€552
down €552 (-33.4%), from €1,654 to €1,102
of which Financial charges: -€552
- Depreciation -€337
down €337 (-2.6%), from €12,910 to €12,573
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 | €45,938 | €41,282 | -€4,656 | -10.1% |
| Fixed assets | 21/28 | €20,777 | €9,489 | -€11,288 | -54.3% |
| Tangible fixed assets | 22/27 | €20,777 | €9,489 | -€11,288 | -54.3% |
| Plant, machinery and equipment | 23 | - | €1,262 | +€1,262 | |
| Furniture and vehicles | 24 | €20,124 | €7,678 | -€12,446 | -61.8% |
| Other tangible fixed assets | 26 | €653 | €549 | -€105 | -16.0% |
| Current assets | 29/58 | €25,161 | €31,793 | +€6,632 | +26.4% |
| Amounts receivable within one year | 40/41 | €15,799 | €23,494 | +€7,695 | +48.7% |
| Trade receivables | 40 | €14,398 | €22,902 | +€8,504 | +59.1% |
| Other amounts receivable | 41 | €1,400 | €592 | -€809 | -57.8% |
| Cash at bank and in hand | 54/58 | €9,137 | €5,299 | -€3,838 | -42.0% |
| Deferred charges and accrued income | 490/1 | €226 | €3,001 | +€2,775 | +1,230% |
| Total equity and liabilities | 10/49 | €45,938 | €41,282 | -€4,656 | -10.1% |
| Equity | 10/15 | €21,446 | €25,972 | +€4,526 | +21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,846 | €7,372 | +€4,526 | +159% |
| Distributable reserves | 133 | €2,846 | €7,372 | +€4,526 | +159% |
| Amounts payable | 17/49 | €24,492 | €15,310 | -€9,182 | -37.5% |
| Amounts payable after more than one year | 17 | €4,928 | €0 | -€4,928 | -100% |
| Financial debts | 170/4 | €4,928 | €0 | -€4,928 | -100% |
| Amounts payable within one year | 42/48 | €19,504 | €13,102 | -€6,402 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €11,586 | €4,928 | -€6,658 | -57.5% |
| Trade debts | 44 | €749 | €2,326 | +€1,577 | +211% |
| Suppliers | 440/4 | €749 | €2,326 | +€1,577 | +211% |
| Taxes, remuneration and social security | 45 | €2,981 | €3,058 | +€77 | +2.6% |
| Taxes | 450/3 | €2,981 | €3,058 | +€77 | +2.6% |
| Other amounts payable | 47/48 | €4,188 | €2,790 | -€1,398 | -33.4% |
| Accrued charges and deferred income | 492/3 | €60 | €2,208 | +€2,148 | +3,567% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,910 | €12,573 | -€337 | -2.6% |
| Other operating charges | 640/8 | €1,453 | €1,240 | -€213 | -14.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €19,493 | €21,349 | +€1,857 | +9.5% |
| Operating profit (loss) | 9901 | €5,129 | €7,536 | +€2,407 | +46.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,654 | €1,102 | -€552 | -33.4% |
| Recurring financial charges | 65 | €1,654 | €1,102 | -€552 | -33.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €3,476 | €6,434 | +€2,959 | +85.1% |
| Income taxes | 67/77 | €1,100 | €1,908 | +€809 | +73.6% |
| Profit (loss) for the period | 9904 | €2,376 | €4,526 | +€2,150 | +90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,376 | €4,526 | +€2,150 | +90.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.