LCK: what changed
Two financial 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.
LCK
Largest movements
- Stocks and contracts +€71,162
up €71,162 (+566.8%), from €12,555 to €83,716
of which Contracts in progress: +€71,162
- Receivables within one year -€57,258
down €57,258 (-13.6%), from €421,546 to €364,288
of which Trade receivables: -€69,548
- Cash +€22,556
up €22,556 (+218.2%), from €10,339 to €32,895
mainly Receivables within one year (+€57,258) and Trade debts (+€55,782)
- Trade debts +€55,782
up €55,782 (+18.5%), from €301,324 to €357,106
- Other debts -€24,673
down €24,673 (-78.1%), from €31,600 to €6,927
- Profit (loss) carried forward +€7,819
up €7,819 (+57.4%), from €13,620 to €21,439
- Current portion of long-term debt -€5,673
down €5,673 (-100.0%), from €5,673 to €0
- Other operating charges -€1,574
down €1,574 (-69.1%), from €2,278 to €703
- Depreciation +€1,122
up €1,122 (+93.1%), from €1,205 to €2,327
- Taxes +€966
new in 2025: €966
- Gross operating margin +€490
up €490 (+3.7%), from €13,424 to €13,914
- Financial charges -€352
down €352 (-29.2%), from €1,205 to €854
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 | €467,824 | €501,180 | +€33,356 | +7.1% |
| Fixed assets | 21/28 | €11,395 | €10,646 | -€750 | -6.6% |
| Tangible fixed assets | 22/27 | €5,292 | €4,543 | -€750 | -14.2% |
| Plant, machinery and equipment | 23 | €3,003 | €1,976 | -€1,026 | -34.2% |
| Furniture and vehicles | 24 | €2,290 | €2,566 | +€276 | +12.1% |
| Financial fixed assets | 28 | €6,103 | €6,103 | = | 0.0% |
| Current assets | 29/58 | €456,429 | €490,535 | +€34,106 | +7.5% |
| Amounts receivable after more than one year | 29 | €3,309 | €0 | -€3,309 | -100.0% |
| Trade receivables | 290 | €3,309 | €0 | -€3,309 | -100.0% |
| Stocks and contracts in progress | 3 | €12,555 | €83,716 | +€71,162 | +566.8% |
| Stocks | 30/36 | €1,550 | €1,550 | = | 0.0% |
| Contracts in progress | 37 | €11,005 | €82,166 | +€71,162 | +646.6% |
| Amounts receivable within one year | 40/41 | €421,546 | €364,288 | -€57,258 | -13.6% |
| Trade receivables | 40 | €410,575 | €341,027 | -€69,548 | -16.9% |
| Other amounts receivable | 41 | €10,972 | €23,261 | +€12,289 | +112.0% |
| Current investments | 50/53 | €4,730 | €6,969 | +€2,239 | +47.3% |
| Cash at bank and in hand | 54/58 | €10,339 | €32,895 | +€22,556 | +218.2% |
| Deferred charges and accrued income | 490/1 | €3,949 | €2,667 | -€1,282 | -32.5% |
| Total equity and liabilities | 10/49 | €467,824 | €501,180 | +€33,356 | +7.1% |
| Equity | 10/15 | €34,080 | €41,899 | +€7,819 | +22.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,620 | €21,439 | +€7,819 | +57.4% |
| Amounts payable | 17/49 | €433,744 | €459,282 | +€25,538 | +5.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €433,744 | €459,282 | +€25,538 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €5,673 | €0 | -€5,673 | -100.0% |
| Financial debts | 43 | €7 | €1,754 | +€1,747 | +26073.4% |
| Credit institutions | 430/8 | €7 | €1,754 | +€1,747 | +26073.4% |
| Trade debts | 44 | €301,324 | €357,106 | +€55,782 | +18.5% |
| Suppliers | 440/4 | €301,324 | €357,106 | +€55,782 | +18.5% |
| Advances received on contracts in progress | 46 | €77,441 | €77,441 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,699 | €16,053 | -€1,646 | -9.3% |
| Taxes | 450/3 | €596 | €6,368 | +€5,772 | +968.2% |
| Remuneration and social security | 454/9 | €17,103 | €9,685 | -€7,417 | -43.4% |
| Other amounts payable | 47/48 | €31,600 | €6,927 | -€24,673 | -78.1% |
| Non-recurring operating income | 76A | €28 | €9,531 | +€9,503 | +33590.2% |
| Remuneration, social security and pensions | 62 | €302 | €344 | +€42 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,205 | €2,327 | +€1,122 | +93.1% |
| Other operating charges | 640/8 | €2,278 | €703 | -€1,574 | -69.1% |
| Non-recurring operating charges | 66A | €1,599 | €1,200 | -€399 | -25.0% |
| Gross operating margin | 9900 | €13,424 | €13,914 | +€490 | +3.7% |
| Operating profit (loss) | 9901 | €8,040 | €9,340 | +€1,300 | +16.2% |
| Financial income | 75/76B | €253 | €298 | +€45 | +17.9% |
| Recurring financial income | 75 | €253 | €298 | +€45 | +17.9% |
| Financial charges | 65/66B | €1,205 | €854 | -€352 | -29.2% |
| Recurring financial charges | 65 | €1,205 | €854 | -€352 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €7,088 | €8,784 | +€1,697 | +23.9% |
| Income taxes | 67/77 | - | €966 | +€966 | |
| Profit (loss) for the period | 9904 | €7,088 | €7,819 | +€731 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,088 | €7,819 | +€731 | +10.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.