LCDL: 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.
LCDL
Largest movements
- Cash +€138,916
up €138,916 (+60.4%), from €229,920 to €368,835
mainly Other debts (+€335,384) and Net result for the year (+€292,788)
- Receivables within one year +€80,276
up €80,276 (+174.1%), from €46,109 to €126,386
of which Trade receivables: +€79,753
- Stocks and contracts +€40,940
up €40,940 (+32.7%), from €125,283 to €166,223
- Tangible fixed assets -€16,641
down €16,641 (-68.0%), from €24,481 to €7,840
of which Furniture and vehicles: -€15,977
- Other debts +€335,384
up €335,384 (+116.3%), from €288,461 to €623,846
- Profit (loss) carried forward -€82,212
down €82,212 (-98.5%), from €83,496 to €1,285
- Current portion of long-term debt -€10,115
down €10,115 (-66.5%), from €15,216 to €5,101
- Gross operating margin +€86,355
up €86,355 (+26.5%), from €325,960 to €412,315
- Taxes +€19,947
up €19,947 (+27.3%), from €73,042 to €92,989
- Financial charges +€7,166
up €7,166 (+1089.0%), from €658 to €7,825
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 | €427,252 | €670,857 | +€243,605 | +57.0% |
| Fixed assets | 21/28 | €24,481 | €7,840 | -€16,641 | -68.0% |
| Tangible fixed assets | 22/27 | €24,481 | €7,840 | -€16,641 | -68.0% |
| Plant, machinery and equipment | 23 | €2,635 | €2,100 | -€534 | -20.3% |
| Furniture and vehicles | 24 | €21,315 | €5,339 | -€15,977 | -75.0% |
| Other tangible fixed assets | 26 | €531 | €401 | -€130 | -24.5% |
| Current assets | 29/58 | €402,771 | €663,017 | +€260,246 | +64.6% |
| Stocks and contracts in progress | 3 | €125,283 | €166,223 | +€40,940 | +32.7% |
| Stocks | 30/36 | €125,283 | €166,223 | +€40,940 | +32.7% |
| Amounts receivable within one year | 40/41 | €46,109 | €126,386 | +€80,276 | +174.1% |
| Trade receivables | 40 | €46,106 | €125,858 | +€79,753 | +173.0% |
| Other amounts receivable | 41 | €4 | €527 | +€524 | +14673.7% |
| Cash at bank and in hand | 54/58 | €229,920 | €368,835 | +€138,916 | +60.4% |
| Deferred charges and accrued income | 490/1 | €1,459 | €1,572 | +€114 | +7.8% |
| Total equity and liabilities | 10/49 | €427,252 | €670,857 | +€243,605 | +57.0% |
| Equity | 10/15 | €103,496 | €21,285 | -€82,212 | -79.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,496 | €1,285 | -€82,212 | -98.5% |
| Amounts payable | 17/49 | €323,756 | €649,572 | +€325,817 | +100.6% |
| Amounts payable after more than one year | 17 | €5,101 | - | -€5,101 | |
| Financial debts | 170/4 | €5,101 | - | -€5,101 | |
| Amounts payable within one year | 42/48 | €318,640 | €649,572 | +€330,932 | +103.9% |
| Current portion of amounts payable after more than one year | 42 | €15,216 | €5,101 | -€10,115 | -66.5% |
| Taxes, remuneration and social security | 45 | €14,963 | €20,625 | +€5,662 | +37.8% |
| Taxes | 450/3 | €14,963 | €20,625 | +€5,662 | +37.8% |
| Other amounts payable | 47/48 | €288,461 | €623,846 | +€335,384 | +116.3% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,867 | €17,398 | -€469 | -2.6% |
| Other operating charges | 640/8 | €2,833 | €1,004 | -€1,829 | -64.6% |
| Non-recurring operating charges | 66A | - | €311 | +€311 | |
| Gross operating margin | 9900 | €325,960 | €412,315 | +€86,355 | +26.5% |
| Operating profit (loss) | 9901 | €305,260 | €393,602 | +€88,342 | +28.9% |
| Financial charges | 65/66B | €658 | €7,825 | +€7,166 | +1089.0% |
| Recurring financial charges | 65 | €658 | €7,825 | +€7,166 | +1089.0% |
| Profit (loss) for the period before taxes | 9903 | €304,602 | €385,777 | +€81,175 | +26.6% |
| Income taxes | 67/77 | €73,042 | €92,989 | +€19,947 | +27.3% |
| Profit (loss) for the period | 9904 | €231,560 | €292,788 | +€61,228 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €231,560 | €292,788 | +€61,228 | +26.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.