LCL MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€29,108
up €29,108 (+186%), from €15,655 to €44,763
of which Leasing and similar rights: +€32,780
- Cash -€14,281
down €14,281 (-100%), from €14,281 to €0
mainly Investment in fixed assets (net) (-€40,540) and Receivables within one year (-€11,832)
- Receivables within one year +€11,832
up €11,832 (+247%), from €4,789 to €16,621
of which Trade receivables: +€11,052
- Debts after one year +€24,276
up €24,276 (+1,101%), from €2,206 to €26,482
- Current portion of long-term debt +€4,672
up €4,672 (+104%), from €4,485 to €9,157
- Reserves -€3,941
down €3,941 (-26.4%), from €14,928 to €10,987
- Short-term financial debts +€1,587
new in 2025: €1,587
- Trade debts +€955
up €955 (+74.7%), from €1,279 to €2,234
- Depreciation +€7,817
up €7,817 (+216%), from €3,616 to €11,433
- Other operating charges +€3,108
up €3,108 (+803%), from €387 to €3,496
- Gross operating margin +€2,946
up €2,946 (+12.5%), from €23,479 to €26,425
- Taxes -€1,414
down €1,414 (-26.1%), from €5,413 to €3,998
- Financial charges +€865
up €865 (+114%), from €758 to €1,623
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 | €34,900 | €61,934 | +€27,033 | +77.5% |
| Fixed assets | 21/28 | €15,655 | €44,763 | +€29,108 | +186% |
| Tangible fixed assets | 22/27 | €15,655 | €44,763 | +€29,108 | +186% |
| Plant, machinery and equipment | 23 | €3,762 | €3,668 | -€94 | -2.5% |
| Furniture and vehicles | 24 | €11,893 | €8,315 | -€3,578 | -30.1% |
| Leasing and similar rights | 25 | - | €32,780 | +€32,780 | |
| Current assets | 29/58 | €19,245 | €17,171 | -€2,074 | -10.8% |
| Amounts receivable within one year | 40/41 | €4,789 | €16,621 | +€11,832 | +247% |
| Trade receivables | 40 | - | €11,052 | +€11,052 | |
| Other amounts receivable | 41 | €4,789 | €5,569 | +€779 | +16.3% |
| Cash at bank and in hand | 54/58 | €14,281 | €0 | -€14,281 | -100% |
| Deferred charges and accrued income | 490/1 | €175 | €550 | +€375 | +214% |
| Total equity and liabilities | 10/49 | €34,900 | €61,934 | +€27,033 | +77.5% |
| Equity | 10/15 | €16,928 | €12,987 | -€3,941 | -23.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,928 | €10,987 | -€3,941 | -26.4% |
| Distributable reserves | 133 | €14,928 | €10,987 | -€3,941 | -26.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,972 | €48,946 | +€30,974 | +172% |
| Amounts payable after more than one year | 17 | €2,206 | €26,482 | +€24,276 | +1,101% |
| Financial debts | 170/4 | €2,206 | €26,482 | +€24,276 | +1,101% |
| Amounts payable within one year | 42/48 | €15,766 | €22,464 | +€6,698 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €4,485 | €9,157 | +€4,672 | +104% |
| Financial debts | 43 | - | €1,587 | +€1,587 | |
| Credit institutions | 430/8 | - | €1,587 | +€1,587 | |
| Trade debts | 44 | €1,279 | €2,234 | +€955 | +74.7% |
| Suppliers | 440/4 | €1,279 | €2,234 | +€955 | +74.7% |
| Taxes, remuneration and social security | 45 | €10,002 | €9,486 | -€516 | -5.2% |
| Taxes | 450/3 | €10,002 | €9,486 | -€516 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,616 | €11,433 | +€7,817 | +216% |
| Other operating charges | 640/8 | €387 | €3,496 | +€3,108 | +803% |
| Gross operating margin | 9900 | €23,479 | €26,425 | +€2,946 | +12.5% |
| Operating profit (loss) | 9901 | €19,477 | €11,497 | -€7,980 | -41.0% |
| Financial income | 75/76B | €276 | €183 | -€93 | -33.6% |
| Recurring financial income | 75 | €276 | €183 | -€93 | -33.6% |
| Financial charges | 65/66B | €758 | €1,623 | +€865 | +114% |
| Recurring financial charges | 65 | €758 | €1,623 | +€865 | +114% |
| Profit (loss) for the period before taxes | 9903 | €18,995 | €10,058 | -€8,937 | -47.1% |
| Income taxes | 67/77 | €5,413 | €3,998 | -€1,414 | -26.1% |
| Profit (loss) for the period | 9904 | €13,582 | €6,059 | -€7,523 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,582 | €6,059 | -€7,523 | -55.4% |
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 16 October 2026 via checked.be.