LCL Group: 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.
LCL Group
Largest movements
- Stocks and contracts +€54,998
up €54,998 (+44.9%), from €122,453 to €177,451
- Cash +€46,405
up €46,405 (+139%), from €33,331 to €79,736
mainly Short-term financial debts (+€100,301) and Net result for the year (+€85,815)
- Receivables within one year +€41,300
up €41,300 (+94.6%), from €43,638 to €84,938
of which Other amounts receivable: +€55,520
- Short-term financial debts +€100,301
up €100,301 (+107%), from €93,333 to €193,635
- Other debts +€52,896
up €52,896 (+136%), from €38,758 to €91,654
- Debts after one year -€23,331
down €23,331 (-9.6%), from €243,246 to €219,915
- Tax, wage and social debts +€17,002
up €17,002 (+236%), from €7,199 to €24,201
of which Taxes: +€14,799
- Trade debts -€7,584
down €7,584 (-69.8%), from €10,863 to €3,280
- Gross operating margin +€33,294
up €33,294 (+22.4%), from €148,710 to €182,005
- Taxes +€10,674
up €10,674 (+45.3%), from €23,541 to €34,216
- Financial charges +€3,932
up €3,932 (+34.2%), from €11,492 to €15,424
- Depreciation +€3,279
up €3,279 (+8.0%), from €40,909 to €44,187
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.
Derived cash bridge
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 | €586,493 | €728,346 | +€141,853 | +24.2% |
| Fixed assets | 21/28 | €382,628 | €377,615 | -€5,012 | -1.3% |
| Intangible fixed assets | 21 | €142 | - | -€142 | |
| Tangible fixed assets | 22/27 | €378,736 | €373,865 | -€4,871 | -1.3% |
| Land and buildings | 22 | €323,102 | €351,111 | +€28,009 | +8.7% |
| Plant, machinery and equipment | 23 | €268 | €851 | +€583 | +217% |
| Furniture and vehicles | 24 | €55,366 | €21,903 | -€33,462 | -60.4% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €203,865 | €350,730 | +€146,865 | +72.0% |
| Stocks and contracts in progress | 3 | €122,453 | €177,451 | +€54,998 | +44.9% |
| Stocks | 30/36 | €122,453 | €177,451 | +€54,998 | +44.9% |
| Amounts receivable within one year | 40/41 | €43,638 | €84,938 | +€41,300 | +94.6% |
| Trade receivables | 40 | €37,180 | €22,960 | -€14,220 | -38.2% |
| Other amounts receivable | 41 | €6,459 | €61,979 | +€55,520 | +860% |
| Current investments | 50/53 | - | €4,080 | +€4,080 | |
| Cash at bank and in hand | 54/58 | €33,331 | €79,736 | +€46,405 | +139% |
| Deferred charges and accrued income | 490/1 | €4,443 | €4,526 | +€82 | +1.9% |
| Total equity and liabilities | 10/49 | €586,493 | €728,346 | +€141,853 | +24.2% |
| Equity | 10/15 | €141,842 | €139,421 | -€2,421 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,242 | €120,821 | -€2,421 | -2.0% |
| Distributable reserves | 133 | €123,242 | €120,821 | -€2,421 | -2.0% |
| Amounts payable | 17/49 | €444,651 | €588,925 | +€144,274 | +32.4% |
| Amounts payable after more than one year | 17 | €243,246 | €219,915 | -€23,331 | -9.6% |
| Financial debts | 170/4 | €243,246 | €219,915 | -€23,331 | -9.6% |
| Amounts payable within one year | 42/48 | €201,406 | €369,010 | +€167,604 | +83.2% |
| Current portion of amounts payable after more than one year | 42 | €51,252 | €56,240 | +€4,988 | +9.7% |
| Financial debts | 43 | €93,333 | €193,635 | +€100,301 | +107% |
| Credit institutions | 430/8 | €93,333 | €193,635 | +€100,301 | +107% |
| Trade debts | 44 | €10,863 | €3,280 | -€7,584 | -69.8% |
| Suppliers | 440/4 | €10,863 | €3,280 | -€7,584 | -69.8% |
| Taxes, remuneration and social security | 45 | €7,199 | €24,201 | +€17,002 | +236% |
| Taxes | 450/3 | €7,199 | €21,998 | +€14,799 | +206% |
| Remuneration and social security | 454/9 | - | €2,203 | +€2,203 | |
| Other amounts payable | 47/48 | €38,758 | €91,654 | +€52,896 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,909 | €44,187 | +€3,279 | +8.0% |
| Other operating charges | 640/8 | €3,445 | €2,585 | -€859 | -24.9% |
| Non-recurring operating charges | 66A | €2,624 | - | -€2,624 | |
| Gross operating margin | 9900 | €148,710 | €182,005 | +€33,294 | +22.4% |
| Operating profit (loss) | 9901 | €101,733 | €135,232 | +€33,499 | +32.9% |
| Financial income | 75/76B | €0 | €223 | +€222 | +370,733% |
| Recurring financial income | 75 | €0 | €223 | +€222 | +370,733% |
| Financial charges | 65/66B | €11,492 | €15,424 | +€3,932 | +34.2% |
| Recurring financial charges | 65 | €11,492 | €15,424 | +€3,932 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €90,241 | €120,030 | +€29,790 | +33.0% |
| Income taxes | 67/77 | €23,541 | €34,216 | +€10,674 | +45.3% |
| Profit (loss) for the period | 9904 | €66,699 | €85,815 | +€19,115 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,699 | €85,815 | +€19,115 | +28.7% |
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 22 October 2026 via checked.be.