LCoMed: 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.
LCoMed
Largest movements
- Intangible fixed assets -€16,000
down €16,000 (-12.5%), from €128,000 to €112,000
- Deferred charges and accrued income -€7,876
down €7,876 (-43.9%), from €17,946 to €10,070
- Tangible fixed assets -€7,134
down €7,134 (-77.7%), from €9,183 to €2,049
- Cash -€3,757
down €3,757 (-13.3%), from €28,289 to €24,532
mainly Other debts (-€111,314) and Trade debts (-€7,710)
- Receivables within one year +€3,630
up €3,630 (+100.0%), from €3,630 to €7,260
- Other debts -€111,314
down €111,314 (-69.1%), from €161,039 to €49,726
- Debts after one year +€64,316
new in 2025: €64,316
- Profit (loss) carried forward +€10,880
up €10,880 (+97.4%), from €11,168 to €22,048
- Current portion of long-term debt +€10,538
new in 2025: €10,538
- Trade debts -€7,710
down €7,710 (-98.3%), from €7,840 to €130
- Gross operating margin +€13,995
up €13,995 (+54.1%), from €25,892 to €39,887
- Taxes +€2,001
up €2,001 (+116.1%), from €1,724 to €3,726
- Financial charges +€1,159
up €1,159 (+197.1%), from €588 to €1,748
- Depreciation +€914
up €914 (+4.1%), from €22,220 to €23,134
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 | €187,048 | €155,910 | -€31,138 | -16.6% |
| Fixed assets | 21/28 | €137,183 | €114,049 | -€23,134 | -16.9% |
| Intangible fixed assets | 21 | €128,000 | €112,000 | -€16,000 | -12.5% |
| Tangible fixed assets | 22/27 | €9,183 | €2,049 | -€7,134 | -77.7% |
| Furniture and vehicles | 24 | €9,183 | €2,049 | -€7,134 | -77.7% |
| Current assets | 29/58 | €49,865 | €41,861 | -€8,004 | -16.1% |
| Amounts receivable within one year | 40/41 | €3,630 | €7,260 | +€3,630 | +100.0% |
| Other amounts receivable | 41 | €3,630 | €7,260 | +€3,630 | +100.0% |
| Cash at bank and in hand | 54/58 | €28,289 | €24,532 | -€3,757 | -13.3% |
| Deferred charges and accrued income | 490/1 | €17,946 | €10,070 | -€7,876 | -43.9% |
| Total equity and liabilities | 10/49 | €187,048 | €155,910 | -€31,138 | -16.6% |
| Equity | 10/15 | €16,168 | €27,048 | +€10,880 | +67.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,168 | €22,048 | +€10,880 | +97.4% |
| Amounts payable | 17/49 | €170,880 | €128,862 | -€42,017 | -24.6% |
| Amounts payable after more than one year | 17 | - | €64,316 | +€64,316 | |
| Financial debts | 170/4 | - | €64,316 | +€64,316 | |
| Amounts payable within one year | 42/48 | €170,880 | €64,546 | -€106,334 | -62.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,538 | +€10,538 | |
| Trade debts | 44 | €7,840 | €130 | -€7,710 | -98.3% |
| Suppliers | 440/4 | €7,840 | €130 | -€7,710 | -98.3% |
| Taxes, remuneration and social security | 45 | €2,000 | €4,152 | +€2,152 | +107.6% |
| Taxes | 450/3 | €2,000 | €4,000 | +€2,000 | +100.0% |
| Remuneration and social security | 454/9 | - | €152 | +€152 | |
| Other amounts payable | 47/48 | €161,039 | €49,726 | -€111,314 | -69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,220 | €23,134 | +€914 | +4.1% |
| Other operating charges | 640/8 | €401 | €400 | -€2 | -0.4% |
| Gross operating margin | 9900 | €25,892 | €39,887 | +€13,995 | +54.1% |
| Operating profit (loss) | 9901 | €3,270 | €16,353 | +€13,083 | +400.1% |
| Financial charges | 65/66B | €588 | €1,748 | +€1,159 | +197.1% |
| Recurring financial charges | 65 | €588 | €1,748 | +€1,159 | +197.1% |
| Profit (loss) for the period before taxes | 9903 | €2,682 | €14,605 | +€11,923 | +444.6% |
| Income taxes | 67/77 | €1,724 | €3,726 | +€2,001 | +116.1% |
| Profit (loss) for the period | 9904 | €957 | €10,880 | +€9,922 | +1036.3% |
| Profit (loss) for the period to be appropriated | 9905 | €957 | €10,880 | +€9,922 | +1036.3% |
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 2 October 2026 via checked.be.