LCM: 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.
LCM
Largest movements
- Cash +€48,190
up €48,190 (+94.2%), from €51,159 to €99,349
mainly Net result for the year (+€33,675) and Receivables within one year (+€18,877)
- Receivables within one year -€18,877
down €18,877 (-23.3%), from €80,874 to €61,997
of which Trade receivables: -€23,673
- Tangible fixed assets -€10,724
down €10,724 (-25.6%), from €41,961 to €31,237
of which Furniture and vehicles: -€10,330
- Reserves +€19,175
up €19,175 (+12.6%), from €151,712 to €170,887
- Debts after one year -€5,378
down €5,378 (-76.4%), from €7,038 to €1,660
- Tax, wage and social debts +€4,801
up €4,801 (+98.9%), from €4,856 to €9,657
- Gross operating margin +€18,953
up €18,953 (+56.0%), from €33,836 to €52,788
- Taxes +€4,801
up €4,801 (+98.9%), from €4,856 to €9,657
- Depreciation +€2,317
up €2,317 (+27.6%), from €8,407 to €10,724
- Financial income +€680
up €680 (+25.4%), from €2,684 to €3,364
- Financial charges +€652
up €652 (+90.9%), from €717 to €1,369
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 | €173,994 | €192,583 | +€18,589 | +10.7% |
| Fixed assets | 21/28 | €41,961 | €31,237 | -€10,724 | -25.6% |
| Tangible fixed assets | 22/27 | €41,961 | €31,237 | -€10,724 | -25.6% |
| Plant, machinery and equipment | 23 | €984 | €590 | -€394 | -40.0% |
| Furniture and vehicles | 24 | €40,977 | €30,647 | -€10,330 | -25.2% |
| Current assets | 29/58 | €132,033 | €161,346 | +€29,313 | +22.2% |
| Amounts receivable within one year | 40/41 | €80,874 | €61,997 | -€18,877 | -23.3% |
| Trade receivables | 40 | €27,763 | €4,090 | -€23,673 | -85.3% |
| Other amounts receivable | 41 | €53,111 | €57,907 | +€4,796 | +9.0% |
| Cash at bank and in hand | 54/58 | €51,159 | €99,349 | +€48,190 | +94.2% |
| Total equity and liabilities | 10/49 | €173,994 | €192,583 | +€18,589 | +10.7% |
| Equity | 10/15 | €156,712 | €175,887 | +€19,175 | +12.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €151,712 | €170,887 | +€19,175 | +12.6% |
| Distributable reserves | 133 | €151,712 | €170,887 | +€19,175 | +12.6% |
| Amounts payable | 17/49 | €17,282 | €16,696 | -€586 | -3.4% |
| Amounts payable after more than one year | 17 | €7,038 | €1,660 | -€5,378 | -76.4% |
| Financial debts | 170/4 | €7,038 | €1,660 | -€5,378 | -76.4% |
| Amounts payable within one year | 42/48 | €10,244 | €15,036 | +€4,792 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €5,387 | €5,378 | -€9 | -0.2% |
| Taxes, remuneration and social security | 45 | €4,856 | €9,657 | +€4,801 | +98.9% |
| Taxes | 450/3 | €4,856 | €9,657 | +€4,801 | +98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,407 | €10,724 | +€2,317 | +27.6% |
| Other operating charges | 640/8 | €781 | €727 | -€54 | -6.9% |
| Non-recurring operating charges | 66A | €6,667 | - | -€6,667 | |
| Gross operating margin | 9900 | €33,836 | €52,788 | +€18,953 | +56.0% |
| Operating profit (loss) | 9901 | €17,981 | €41,337 | +€23,357 | +129.9% |
| Financial income | 75/76B | €2,684 | €3,364 | +€680 | +25.4% |
| Recurring financial income | 75 | €2,684 | €3,364 | +€680 | +25.4% |
| Financial charges | 65/66B | €717 | €1,369 | +€652 | +90.9% |
| Recurring financial charges | 65 | €717 | €1,369 | +€652 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €19,948 | €43,333 | +€23,385 | +117.2% |
| Income taxes | 67/77 | €4,856 | €9,657 | +€4,801 | +98.9% |
| Profit (loss) for the period | 9904 | €15,091 | €33,675 | +€18,584 | +123.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,091 | €33,675 | +€18,584 | +123.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.