LCJ: 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.
LCJ
Largest movements
- Receivables after one year -€193,435
down €193,435 (-73.1%), from €264,724 to €71,289
- Current investments +€185,920
up €185,920 (+62.2%), from €299,108 to €485,028
- Cash +€175,964
up €175,964 (+79.4%), from €221,606 to €397,569
mainly Receivables after one year (+€193,435) and Net result for the year (+€188,811)
- Receivables within one year -€100,116
down €100,116 (-28.7%), from €348,357 to €248,241
of which Trade receivables: -€175,952
- Reserves +€183,000
up €183,000 (+29.6%), from €619,000 to €802,000
of which Non-distributable reserves: +€183,000
- Profit (loss) carried forward -€69,189
down €69,189 (-27.7%), from €249,446 to €180,258
- Tax, wage and social debts -€42,701
down €42,701 (-17.8%), from €239,868 to €197,167
of which Taxes: -€43,601
- Gross operating margin +€58,440
up €58,440 (+29.7%), from €197,033 to €255,473
- Financial income +€6,594
up €6,594 (+23.1%), from €28,555 to €35,149
- Taxes +€3,929
up €3,929 (+5.2%), from €75,445 to €79,374
- Financial charges -€3,690
down €3,690 (-16.3%), from €22,685 to €18,995
- Depreciation -€3,083
down €3,083 (-54.2%), from €5,689 to €2,607
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 | €1,150,971 | €1,230,865 | +€79,894 | +6.9% |
| Fixed assets | 21/28 | €15,982 | €25,811 | +€9,829 | +61.5% |
| Tangible fixed assets | 22/27 | €3,102 | €2,931 | -€171 | -5.5% |
| Plant, machinery and equipment | 23 | €511 | €2,412 | +€1,901 | +372.1% |
| Furniture and vehicles | 24 | €2,591 | €519 | -€2,072 | -80.0% |
| Financial fixed assets | 28 | €12,880 | €22,880 | +€10,000 | +77.6% |
| Current assets | 29/58 | €1,134,988 | €1,205,054 | +€70,065 | +6.2% |
| Amounts receivable after more than one year | 29 | €264,724 | €71,289 | -€193,435 | -73.1% |
| Other amounts receivable | 291 | €264,724 | €71,289 | -€193,435 | -73.1% |
| Amounts receivable within one year | 40/41 | €348,357 | €248,241 | -€100,116 | -28.7% |
| Trade receivables | 40 | €228,932 | €52,981 | -€175,952 | -76.9% |
| Other amounts receivable | 41 | €119,425 | €195,260 | +€75,836 | +63.5% |
| Current investments | 50/53 | €299,108 | €485,028 | +€185,920 | +62.2% |
| Cash at bank and in hand | 54/58 | €221,606 | €397,569 | +€175,964 | +79.4% |
| Deferred charges and accrued income | 490/1 | €1,194 | €2,927 | +€1,733 | +145.2% |
| Total equity and liabilities | 10/49 | €1,150,971 | €1,230,865 | +€79,894 | +6.9% |
| Equity | 10/15 | €891,282 | €1,005,093 | +€113,811 | +12.8% |
| Contributions | 10/11 | €22,835 | €22,835 | = | 0.0% |
| Reserves | 13 | €619,000 | €802,000 | +€183,000 | +29.6% |
| Non-distributable reserves | 130/1 | - | €183,000 | +€183,000 | |
| Own shares acquired | 1312 | - | €183,000 | +€183,000 | |
| Distributable reserves | 133 | €619,000 | €619,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,446 | €180,258 | -€69,189 | -27.7% |
| Amounts payable | 17/49 | €259,689 | €225,772 | -€33,917 | -13.1% |
| Amounts payable within one year | 42/48 | €258,994 | €225,772 | -€33,222 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €8,376 | €18,761 | +€10,385 | +124.0% |
| Trade debts | 44 | €10,750 | €9,845 | -€905 | -8.4% |
| Suppliers | 440/4 | €10,750 | €9,845 | -€905 | -8.4% |
| Taxes, remuneration and social security | 45 | €239,868 | €197,167 | -€42,701 | -17.8% |
| Taxes | 450/3 | €236,718 | €193,117 | -€43,601 | -18.4% |
| Remuneration and social security | 454/9 | €3,150 | €4,050 | +€900 | +28.6% |
| Accrued charges and deferred income | 492/3 | €695 | - | -€695 | |
| Non-recurring operating income | 76A | €62 | - | -€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,689 | €2,607 | -€3,083 | -54.2% |
| Other operating charges | 640/8 | €1,510 | €835 | -€675 | -44.7% |
| Gross operating margin | 9900 | €197,033 | €255,473 | +€58,440 | +29.7% |
| Operating profit (loss) | 9901 | €189,833 | €252,031 | +€62,199 | +32.8% |
| Financial income | 75/76B | €28,555 | €35,149 | +€6,594 | +23.1% |
| Recurring financial income | 75 | €28,555 | €35,149 | +€6,594 | +23.1% |
| Financial charges | 65/66B | €22,685 | €18,995 | -€3,690 | -16.3% |
| Recurring financial charges | 65 | €22,685 | €18,995 | -€3,690 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €195,703 | €268,185 | +€72,482 | +37.0% |
| Income taxes | 67/77 | €75,445 | €79,374 | +€3,929 | +5.2% |
| Profit (loss) for the period | 9904 | €120,258 | €188,811 | +€68,553 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €120,258 | €188,811 | +€68,553 | +57.0% |
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 2 October 2026 via checked.be.