LCDM Management: 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.
LCDM Management
Largest movements
- Receivables within one year -€52,490
down €52,490 (-41.6%), from €126,248 to €73,758
of which Other amounts receivable: -€27,320
- Deferred charges and accrued income -€6,513
no longer reported in 2025 (was €6,513)
- Financial fixed assets -€5,000
down €5,000 (-1.6%), from €305,563 to €300,563
- Other debts -€75,000
no longer reported in 2025 (was €75,000)
- Debts after one year -€42,650
no longer reported in 2025 (was €42,650)
of which Other amounts payable: -€29,981
- Profit (loss) carried forward +€31,298
up €31,298 (+12.0%), from €261,598 to €292,896
- Short-term financial debts +€13,279
up €13,279 (+125.4%), from €10,591 to €23,870
- Current portion of long-term debt +€7,720
up €7,720 (+59.6%), from €12,947 to €20,667
- Staff costs +€16,201
up €16,201 (+37.1%), from €43,674 to €59,876
- Financial income -€15,946
down €15,946 (-28.6%), from €55,783 to €39,837
- Taxes -€4,092
down €4,092 (-71.9%), from €5,691 to €1,598
- Gross operating margin +€1,809
up €1,809 (+3.0%), from €59,385 to €61,194
- Other operating charges -€1,508
down €1,508 (-67.0%), from €2,250 to €741
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €450,194 | €382,765 | -€67,429 | -15.0% |
| Fixed assets | 21/28 | €317,433 | €309,007 | -€8,425 | -2.7% |
| Tangible fixed assets | 22/27 | €11,870 | €8,445 | -€3,425 | -28.9% |
| Furniture and vehicles | 24 | €11,870 | €8,445 | -€3,425 | -28.9% |
| Financial fixed assets | 28 | €305,563 | €300,563 | -€5,000 | -1.6% |
| Current assets | 29/58 | €132,761 | €73,758 | -€59,003 | -44.4% |
| Amounts receivable within one year | 40/41 | €126,248 | €73,758 | -€52,490 | -41.6% |
| Trade receivables | 40 | €32,670 | €7,500 | -€25,170 | -77.0% |
| Other amounts receivable | 41 | €93,578 | €66,258 | -€27,320 | -29.2% |
| Deferred charges and accrued income | 490/1 | €6,513 | - | -€6,513 | |
| Total equity and liabilities | 10/49 | €450,194 | €382,765 | -€67,429 | -15.0% |
| Equity | 10/15 | €282,058 | €313,356 | +€31,298 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €261,598 | €292,896 | +€31,298 | +12.0% |
| Amounts payable | 17/49 | €168,136 | €69,409 | -€98,727 | -58.7% |
| Amounts payable after more than one year | 17 | €42,650 | - | -€42,650 | |
| Financial debts | 170/4 | €12,669 | - | -€12,669 | |
| Other amounts payable | 178/9 | €29,981 | - | -€29,981 | |
| Amounts payable within one year | 42/48 | €125,486 | €69,409 | -€56,077 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €12,947 | €20,667 | +€7,720 | +59.6% |
| Financial debts | 43 | €10,591 | €23,870 | +€13,279 | +125.4% |
| Credit institutions | 430/8 | €10,591 | €23,870 | +€13,279 | +125.4% |
| Trade debts | 44 | €8,099 | €4,610 | -€3,489 | -43.1% |
| Suppliers | 440/4 | €8,099 | €4,610 | -€3,489 | -43.1% |
| Taxes, remuneration and social security | 45 | €18,849 | €20,262 | +€1,413 | +7.5% |
| Taxes | 450/3 | €10,452 | €11,481 | +€1,029 | +9.8% |
| Remuneration and social security | 454/9 | €8,397 | €8,781 | +€384 | +4.6% |
| Other amounts payable | 47/48 | €75,000 | - | -€75,000 | |
| Remuneration, social security and pensions | 62 | €43,674 | €59,876 | +€16,201 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,243 | €3,425 | +€182 | +5.6% |
| Other operating charges | 640/8 | €2,250 | €741 | -€1,508 | -67.0% |
| Gross operating margin | 9900 | €59,385 | €61,194 | +€1,809 | +3.0% |
| Operating profit (loss) | 9901 | €10,218 | -€2,848 | -€13,067 | |
| Financial income | 75/76B | €55,783 | €39,837 | -€15,946 | -28.6% |
| Recurring financial income | 75 | €55,783 | €39,837 | -€15,946 | -28.6% |
| Financial charges | 65/66B | €5,487 | €4,092 | -€1,395 | -25.4% |
| Recurring financial charges | 65 | €5,487 | €4,092 | -€1,395 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €60,514 | €32,897 | -€27,618 | -45.6% |
| Income taxes | 67/77 | €5,691 | €1,598 | -€4,092 | -71.9% |
| Profit (loss) for the period | 9904 | €54,824 | €31,298 | -€23,525 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,824 | €31,298 | -€23,525 | -42.9% |
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 7 October 2026 via checked.be.