LCDT: 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.
LCDT
Largest movements
- Receivables within one year +€35,356
up €35,356 (+53.1%), from €66,601 to €101,957
of which Trade receivables: +€36,977
- Cash +€26,498
up €26,498 (+1171.7%), from €2,262 to €28,759
mainly Net result for the year (+€42,746) and Tax, wage and social debts (+€16,306)
- Stocks and contracts -€5,200
down €5,200 (-28.4%), from €18,300 to €13,100
- Tangible fixed assets -€1,897
down €1,897 (-58.9%), from €3,219 to €1,323
of which Furniture and vehicles: -€1,629
- Profit (loss) carried forward +€42,746
up €42,746 (+84.0%), from €50,882 to €93,627
- Tax, wage and social debts +€16,306
up €16,306 (+86.0%), from €18,952 to €35,258
of which Taxes: +€16,845
- Advances received -€5,010
no longer reported in 2025 (was €5,010)
- Staff costs -€38,842
down €38,842 (-38.2%), from €101,576 to €62,734
- Gross operating margin +€37,135
up €37,135 (+44.0%), from €84,493 to €121,628
- Taxes +€8,853
up €8,853 (+2028.1%), from €437 to €9,289
- Depreciation +€1,355
up €1,355 (+52.0%), from €2,608 to €3,963
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 | €91,521 | €146,279 | +€54,757 | +59.8% |
| Fixed assets | 21/28 | €4,359 | €2,463 | -€1,897 | -43.5% |
| Tangible fixed assets | 22/27 | €3,219 | €1,323 | -€1,897 | -58.9% |
| Plant, machinery and equipment | 23 | €268 | - | -€268 | |
| Furniture and vehicles | 24 | €2,951 | €1,323 | -€1,629 | -55.2% |
| Financial fixed assets | 28 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €87,162 | €143,816 | +€56,654 | +65.0% |
| Stocks and contracts in progress | 3 | €18,300 | €13,100 | -€5,200 | -28.4% |
| Stocks | 30/36 | €18,300 | €13,100 | -€5,200 | -28.4% |
| Amounts receivable within one year | 40/41 | €66,601 | €101,957 | +€35,356 | +53.1% |
| Trade receivables | 40 | €42,557 | €79,535 | +€36,977 | +86.9% |
| Other amounts receivable | 41 | €24,043 | €22,422 | -€1,621 | -6.7% |
| Cash at bank and in hand | 54/58 | €2,262 | €28,759 | +€26,498 | +1171.7% |
| Total equity and liabilities | 10/49 | €91,521 | €146,279 | +€54,757 | +59.8% |
| Equity | 10/15 | €56,882 | €99,627 | +€42,746 | +75.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | €6,000 | = | 0.0% |
| Issued capital | 100 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,882 | €93,627 | +€42,746 | +84.0% |
| Amounts payable | 17/49 | €34,640 | €46,651 | +€12,012 | +34.7% |
| Amounts payable within one year | 42/48 | €34,640 | €46,651 | +€12,012 | +34.7% |
| Trade debts | 44 | €10,678 | €11,394 | +€716 | +6.7% |
| Suppliers | 440/4 | €10,678 | €11,394 | +€716 | +6.7% |
| Advances received on contracts in progress | 46 | €5,010 | - | -€5,010 | |
| Taxes, remuneration and social security | 45 | €18,952 | €35,258 | +€16,306 | +86.0% |
| Taxes | 450/3 | €8,272 | €25,118 | +€16,845 | +203.6% |
| Remuneration and social security | 454/9 | €10,679 | €10,140 | -€540 | -5.1% |
| Non-recurring operating income | 76A | €1,954 | - | -€1,954 | |
| Remuneration, social security and pensions | 62 | €101,576 | €62,734 | -€38,842 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,608 | €3,963 | +€1,355 | +52.0% |
| Other operating charges | 640/8 | €853 | €984 | +€131 | +15.4% |
| Non-recurring operating charges | 66A | €3,892 | €1,523 | -€2,369 | -60.9% |
| Gross operating margin | 9900 | €84,493 | €121,628 | +€37,135 | +44.0% |
| Operating profit (loss) | 9901 | -€24,435 | €52,424 | +€76,860 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €360 | €390 | +€30 | +8.5% |
| Recurring financial charges | 65 | €360 | €390 | +€30 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,795 | €52,035 | +€76,830 | |
| Income taxes | 67/77 | €437 | €9,289 | +€8,853 | +2028.1% |
| Profit (loss) for the period | 9904 | -€25,232 | €42,746 | +€67,977 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,232 | €42,746 | +€67,977 |
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 4 October 2026 via checked.be.