LCE-Formations: 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.
LCE-Formations
Largest movements
- Cash +€13,300
up €13,300 (+20.8%), from €64,030 to €77,330
mainly Other debts (+€13,301) and Tax, wage and social debts (+€1,701)
- Receivables within one year +€4,410
up €4,410 (+4.3%), from €102,330 to €106,739
of which Trade receivables: +€3,333
- Other debts +€13,301
up €13,301 (+87.8%), from €15,147 to €28,448
- Staff costs -€33,196
down €33,196 (-100.0%), from €33,196 to €0
- Gross operating margin -€7,260
down €7,260 (-82.0%), from €8,855 to €1,595
- Depreciation -€3,980
down €3,980 (-80.0%), from €4,974 to €994
- Financial income +€180
up €180 (+57.7%), from €312 to €491
- Other operating charges +€122
up €122 (+31.5%), from €387 to €509
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 | €168,768 | €185,637 | +€16,869 | +10.0% |
| Fixed assets | 21/28 | €2,143 | €1,149 | -€994 | -46.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,855 | €861 | -€994 | -53.6% |
| Plant, machinery and equipment | 23 | €660 | €440 | -€220 | -33.3% |
| Furniture and vehicles | 24 | €46 | €0 | -€46 | -100.0% |
| Other tangible fixed assets | 26 | €1,149 | €421 | -€728 | -63.3% |
| Financial fixed assets | 28 | €288 | €288 | = | 0.0% |
| Current assets | 29/58 | €166,625 | €184,488 | +€17,863 | +10.7% |
| Amounts receivable within one year | 40/41 | €102,330 | €106,739 | +€4,410 | +4.3% |
| Trade receivables | 40 | €90,700 | €94,033 | +€3,333 | +3.7% |
| Other amounts receivable | 41 | €11,630 | €12,706 | +€1,077 | +9.3% |
| Cash at bank and in hand | 54/58 | €64,030 | €77,330 | +€13,300 | +20.8% |
| Deferred charges and accrued income | 490/1 | €265 | €418 | +€153 | +57.8% |
| Total equity and liabilities | 10/49 | €168,768 | €185,637 | +€16,869 | +10.0% |
| Equity | 10/15 | €19,403 | €19,689 | +€286 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €803 | €1,089 | +€286 | +35.6% |
| Amounts payable | 17/49 | €149,365 | €165,948 | +€16,583 | +11.1% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €99,365 | €115,948 | +€16,583 | +16.7% |
| Trade debts | 44 | €64,861 | €66,135 | +€1,274 | +2.0% |
| Suppliers | 440/4 | €64,861 | €66,135 | +€1,274 | +2.0% |
| Advances received on contracts in progress | 46 | €18,156 | €18,463 | +€307 | +1.7% |
| Taxes, remuneration and social security | 45 | €1,201 | €2,902 | +€1,701 | +141.7% |
| Taxes | 450/3 | €1,201 | €2,902 | +€1,701 | +141.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,147 | €28,448 | +€13,301 | +87.8% |
| Non-recurring operating income | 76A | €3,590 | - | -€3,590 | |
| Remuneration, social security and pensions | 62 | €33,196 | €0 | -€33,196 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,974 | €994 | -€3,980 | -80.0% |
| Other operating charges | 640/8 | €387 | €509 | +€122 | +31.5% |
| Non-recurring operating charges | 66A | €280 | €0 | -€280 | -100.0% |
| Gross operating margin | 9900 | €8,855 | €1,595 | -€7,260 | -82.0% |
| Operating profit (loss) | 9901 | -€29,983 | €92 | +€30,075 | |
| Financial income | 75/76B | €312 | €491 | +€180 | +57.7% |
| Recurring financial income | 75 | €312 | €491 | +€180 | +57.7% |
| Financial charges | 65/66B | €105 | €116 | +€11 | +10.0% |
| Recurring financial charges | 65 | €105 | €116 | +€11 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,777 | €467 | +€30,244 | |
| Income taxes | 67/77 | €253 | €181 | -€72 | -28.5% |
| Profit (loss) for the period | 9904 | -€30,030 | €286 | +€30,316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,030 | €286 | +€30,316 |
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 6 October 2026 via checked.be.