LCNK: 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.
LCNK
Largest movements
- Tangible fixed assets -€28,617
down €28,617 (-11.3%), from €252,906 to €224,289
- Receivables within one year +€7,971
up €7,971 (+5482.5%), from €145 to €8,116
- Cash +€6,996
up €6,996 (+36.5%), from €19,155 to €26,152
mainly Depreciation (+€28,617) and Net result for the year (+€16,085)
- Debts after one year -€26,825
down €26,825 (-17.9%), from €149,837 to €123,011
- Profit (loss) carried forward +€16,085
up €16,085, from -€15,903 to €181
- Tax, wage and social debts -€15,652
down €15,652 (-34.7%), from €45,058 to €29,406
of which Remuneration and social security: -€11,808
- Advances received +€7,214
new in 2025: €7,214
- Trade debts +€6,248
up €6,248 (+83.5%), from €7,479 to €13,728
- Staff costs -€42,339
down €42,339 (-30.5%), from €138,623 to €96,284
- Gross operating margin -€13,414
down €13,414 (-8.2%), from €164,083 to €150,669
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 | €287,029 | €277,096 | -€9,933 | -3.5% |
| Fixed assets | 21/28 | €252,906 | €224,289 | -€28,617 | -11.3% |
| Tangible fixed assets | 22/27 | €252,906 | €224,289 | -€28,617 | -11.3% |
| Land and buildings | 22 | €75,240 | €63,803 | -€11,437 | -15.2% |
| Plant, machinery and equipment | 23 | €16,379 | €12,538 | -€3,841 | -23.5% |
| Furniture and vehicles | 24 | €19,430 | €12,629 | -€6,801 | -35.0% |
| Other tangible fixed assets | 26 | €141,857 | €135,319 | -€6,537 | -4.6% |
| Current assets | 29/58 | €34,123 | €52,807 | +€18,684 | +54.8% |
| Stocks and contracts in progress | 3 | €14,822 | €16,307 | +€1,485 | +10.0% |
| Stocks | 30/36 | €14,822 | €16,307 | +€1,485 | +10.0% |
| Amounts receivable within one year | 40/41 | €145 | €8,116 | +€7,971 | +5482.5% |
| Trade receivables | 40 | €145 | €8,116 | +€7,971 | +5482.5% |
| Cash at bank and in hand | 54/58 | €19,155 | €26,152 | +€6,996 | +36.5% |
| Deferred charges and accrued income | 490/1 | - | €2,231 | +€2,231 | |
| Total equity and liabilities | 10/49 | €287,029 | €277,096 | -€9,933 | -3.5% |
| Equity | 10/15 | €2,697 | €18,781 | +€16,085 | +596.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,903 | €181 | +€16,085 | |
| Amounts payable | 17/49 | €284,332 | €258,314 | -€26,018 | -9.2% |
| Amounts payable after more than one year | 17 | €149,837 | €123,011 | -€26,825 | -17.9% |
| Financial debts | 170/4 | €149,837 | €123,011 | -€26,825 | -17.9% |
| Amounts payable within one year | 42/48 | €134,495 | €135,303 | +€808 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €25,947 | €26,868 | +€921 | +3.5% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €7,479 | €13,728 | +€6,248 | +83.5% |
| Suppliers | 440/4 | €7,479 | €13,728 | +€6,248 | +83.5% |
| Advances received on contracts in progress | 46 | - | €7,214 | +€7,214 | |
| Taxes, remuneration and social security | 45 | €45,058 | €29,406 | -€15,652 | -34.7% |
| Taxes | 450/3 | €15,283 | €11,438 | -€3,845 | -25.2% |
| Remuneration and social security | 454/9 | €29,775 | €17,968 | -€11,808 | -39.7% |
| Other amounts payable | 47/48 | €26,010 | €28,087 | +€2,077 | +8.0% |
| Remuneration, social security and pensions | 62 | €138,623 | €96,284 | -€42,339 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,383 | €28,617 | +€233 | +0.8% |
| Other operating charges | 640/8 | €1,002 | €1,250 | +€248 | +24.7% |
| Gross operating margin | 9900 | €164,083 | €150,669 | -€13,414 | -8.2% |
| Operating profit (loss) | 9901 | -€3,925 | €24,519 | +€28,444 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -46.8% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -46.8% |
| Financial charges | 65/66B | €8,467 | €8,435 | -€32 | -0.4% |
| Recurring financial charges | 65 | €8,467 | €8,435 | -€32 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,391 | €16,085 | +€28,476 | |
| Profit (loss) for the period | 9904 | -€12,391 | €16,085 | +€28,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,391 | €16,085 | +€28,476 |
Source: filed annual accounts (NBB), fiscal 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.