LCME: 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.
LCME
Largest movements
- Current investments +€32,500
up €32,500 (+25.5%), from €127,500 to €159,999
- Cash +€18,032
up €18,032 (+60.7%), from €29,714 to €47,747
mainly Other debts (+€66,315) and Net result for the year (+€49,263)
- Receivables within one year -€10,000
down €10,000 (-22.2%), from €45,000 to €35,000
- Deferred charges and accrued income -€3,974
down €3,974 (-31.9%), from €12,467 to €8,493
- Other debts +€66,315
new in 2025: €66,315
- Reserves -€20,800
down €20,800 (-9.2%), from €225,800 to €205,000
- Debts after one year -€10,390
down €10,390 (-34.8%), from €29,840 to €19,450
- Gross operating margin -€13,047
down €13,047 (-13.6%), from €95,885 to €82,838
- Taxes -€9,084
down €9,084 (-29.5%), from €30,773 to €21,689
- Financial income -€1,566
down €1,566 (-53.5%), from €2,926 to €1,359
- Financial charges -€1,408
down €1,408 (-32.9%), from €4,278 to €2,871
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 | €302,227 | €337,802 | +€35,574 | +11.8% |
| Fixed assets | 21/28 | €87,547 | €86,563 | -€984 | -1.1% |
| Tangible fixed assets | 22/27 | €87,297 | €86,313 | -€984 | -1.1% |
| Land and buildings | 22 | €77,795 | €72,171 | -€5,624 | -7.2% |
| Plant, machinery and equipment | 23 | €2,822 | €3,285 | +€463 | +16.4% |
| Furniture and vehicles | 24 | €6,680 | €10,856 | +€4,177 | +62.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €214,681 | €251,239 | +€36,558 | +17.0% |
| Amounts receivable within one year | 40/41 | €45,000 | €35,000 | -€10,000 | -22.2% |
| Trade receivables | 40 | €45,000 | €35,000 | -€10,000 | -22.2% |
| Current investments | 50/53 | €127,500 | €159,999 | +€32,500 | +25.5% |
| Cash at bank and in hand | 54/58 | €29,714 | €47,747 | +€18,032 | +60.7% |
| Deferred charges and accrued income | 490/1 | €12,467 | €8,493 | -€3,974 | -31.9% |
| Total equity and liabilities | 10/49 | €302,227 | €337,802 | +€35,574 | +11.8% |
| Equity | 10/15 | €247,199 | €226,623 | -€20,576 | -8.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €225,800 | €205,000 | -€20,800 | -9.2% |
| Distributable reserves | 133 | €225,800 | €205,000 | -€20,800 | -9.2% |
| Profit (loss) carried forward | 14 | €939 | €1,163 | +€224 | +23.9% |
| Amounts payable | 17/49 | €55,029 | €111,179 | +€56,150 | +102.0% |
| Amounts payable after more than one year | 17 | €29,840 | €19,450 | -€10,390 | -34.8% |
| Financial debts | 170/4 | €29,840 | €19,450 | -€10,390 | -34.8% |
| Amounts payable within one year | 42/48 | €25,189 | €91,729 | +€66,540 | +264.2% |
| Current portion of amounts payable after more than one year | 42 | €10,239 | €10,390 | +€152 | +1.5% |
| Trade debts | 44 | €958 | €271 | -€687 | -71.7% |
| Suppliers | 440/4 | €958 | €271 | -€687 | -71.7% |
| Taxes, remuneration and social security | 45 | €13,992 | €14,754 | +€761 | +5.4% |
| Taxes | 450/3 | €13,992 | €14,754 | +€761 | +5.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €66,315 | +€66,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,493 | €8,616 | -€877 | -9.2% |
| Other operating charges | 640/8 | €1,682 | €1,758 | +€76 | +4.5% |
| Gross operating margin | 9900 | €95,885 | €82,838 | -€13,047 | -13.6% |
| Operating profit (loss) | 9901 | €84,711 | €72,464 | -€12,247 | -14.5% |
| Financial income | 75/76B | €2,926 | €1,359 | -€1,566 | -53.5% |
| Recurring financial income | 75 | €2,926 | €1,359 | -€1,566 | -53.5% |
| Financial charges | 65/66B | €4,278 | €2,871 | -€1,408 | -32.9% |
| Recurring financial charges | 65 | €4,278 | €2,871 | -€1,408 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €83,358 | €70,953 | -€12,405 | -14.9% |
| Income taxes | 67/77 | €30,773 | €21,689 | -€9,084 | -29.5% |
| Profit (loss) for the period | 9904 | €52,584 | €49,263 | -€3,321 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,584 | €49,263 | -€3,321 | -6.3% |
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 9 October 2026 via checked.be.