LCen: 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.
LCen
Largest movements
- Receivables within one year +€38,804
up €38,804 (+225.7%), from €17,191 to €55,995
of which Trade receivables: +€32,555
- Stocks and contracts -€16,492
down €16,492 (-100.0%), from €16,492 to €0
- Tangible fixed assets -€7,296
down €7,296 (-16.9%), from €43,066 to €35,770
of which Furniture and vehicles: -€8,840
- Cash +€3,868
up €3,868 (+4.7%), from €83,096 to €86,965
mainly Stocks and contracts (+€16,492) and Depreciation (+€9,126)
- Debts after one year +€7,440
new in 2025: €7,440
- Reserves +€7,068
up €7,068 (+12.2%), from €57,995 to €65,063
- Current portion of long-term debt +€6,647
new in 2025: €6,647
- Trade debts -€3,663
down €3,663 (-51.6%), from €7,096 to €3,433
- Gross operating margin -€25,203
down €25,203 (-63.5%), from €39,659 to €14,456
- Write-downs -€8,760
down €8,760, from €1,202 to -€7,558
- Depreciation +€7,992
up €7,992 (+704.7%), from €1,134 to €9,126
- Taxes -€7,816
down €7,816 (-69.1%), from €11,316 to €3,500
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 | €160,243 | €179,128 | +€18,885 | +11.8% |
| Fixed assets | 21/28 | €43,464 | €36,168 | -€7,296 | -16.8% |
| Tangible fixed assets | 22/27 | €43,066 | €35,770 | -€7,296 | -16.9% |
| Plant, machinery and equipment | 23 | - | €1,544 | +€1,544 | |
| Furniture and vehicles | 24 | €43,066 | €34,226 | -€8,840 | -20.5% |
| Financial fixed assets | 28 | €398 | €398 | = | 0.0% |
| Current assets | 29/58 | €116,779 | €142,960 | +€26,180 | +22.4% |
| Stocks and contracts in progress | 3 | €16,492 | €0 | -€16,492 | -100.0% |
| Stocks | 30/36 | €16,492 | €0 | -€16,492 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,191 | €55,995 | +€38,804 | +225.7% |
| Trade receivables | 40 | €16,940 | €49,495 | +€32,555 | +192.2% |
| Other amounts receivable | 41 | €251 | €6,500 | +€6,249 | +2488.3% |
| Cash at bank and in hand | 54/58 | €83,096 | €86,965 | +€3,868 | +4.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €160,243 | €179,128 | +€18,885 | +11.8% |
| Equity | 10/15 | €108,363 | €115,431 | +€7,068 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,995 | €65,063 | +€7,068 | +12.2% |
| Distributable reserves | 133 | €57,995 | €65,063 | +€7,068 | +12.2% |
| Profit (loss) carried forward | 14 | €31,768 | €31,768 | = | 0.0% |
| Amounts payable | 17/49 | €51,880 | €63,696 | +€11,816 | +22.8% |
| Amounts payable after more than one year | 17 | - | €7,440 | +€7,440 | |
| Financial debts | 170/4 | - | €7,440 | +€7,440 | |
| Amounts payable within one year | 42/48 | €51,880 | €55,056 | +€3,176 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,647 | +€6,647 | |
| Financial debts | 43 | €3,382 | €3,409 | +€26 | +0.8% |
| Credit institutions | 430/8 | €3,382 | €3,409 | +€26 | +0.8% |
| Trade debts | 44 | €7,096 | €3,433 | -€3,663 | -51.6% |
| Suppliers | 440/4 | €7,096 | €3,433 | -€3,663 | -51.6% |
| Taxes, remuneration and social security | 45 | €7,141 | €8,134 | +€993 | +13.9% |
| Taxes | 450/3 | €7,141 | €6,417 | -€724 | -10.1% |
| Remuneration and social security | 454/9 | - | €1,717 | +€1,717 | |
| Other amounts payable | 47/48 | €34,261 | €33,433 | -€828 | -2.4% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,134 | €9,126 | +€7,992 | +704.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,202 | -€7,558 | -€8,760 | |
| Other operating charges | 640/8 | €528 | €744 | +€216 | +40.9% |
| Gross operating margin | 9900 | €39,659 | €14,456 | -€25,203 | -63.5% |
| Operating profit (loss) | 9901 | €36,795 | €12,144 | -€24,651 | -67.0% |
| Financial charges | 65/66B | €1,289 | €1,576 | +€287 | +22.3% |
| Recurring financial charges | 65 | €1,289 | €1,576 | +€287 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €35,506 | €10,568 | -€24,938 | -70.2% |
| Income taxes | 67/77 | €11,316 | €3,500 | -€7,816 | -69.1% |
| Profit (loss) for the period | 9904 | €24,191 | €7,068 | -€17,122 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,191 | €7,068 | -€17,122 | -70.8% |
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.