LCP: 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.
LCP
Largest movements
- Cash +€60,149
up €60,149 (+64.3%), from €93,489 to €153,638
mainly Accrued charges and deferred income (+€174,969) and Depreciation (+€95,702)
- Receivables within one year -€35,156
down €35,156 (-13.4%), from €261,889 to €226,733
of which Trade receivables: -€72,484
- Receivables after one year +€12,000
new in 2025: €12,000
- Financial fixed assets +€8,200
up €8,200 (+47.5%), from €17,270 to €25,470
- Accrued charges and deferred income +€174,969
new in 2025: €174,969
- Reserves -€91,000
down €91,000 (-36.5%), from €249,650 to €158,650
of which Distributable reserves: -€91,000
- Tax, wage and social debts -€46,451
down €46,451 (-29.2%), from €158,855 to €112,404
of which Remuneration and social security: -€37,928
- Staff costs +€92,811
up €92,811 (+12.7%), from €731,120 to €823,930
- Gross operating margin -€32,824
down €32,824 (-3.8%), from €861,661 to €828,837
- Taxes -€17,913
down €17,913 (-93.6%), from €19,142 to €1,230
- Depreciation +€9,853
up €9,853 (+11.5%), from €85,849 to €95,702
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 | €667,097 | €706,285 | +€39,188 | +5.9% |
| Fixed assets | 21/28 | €303,107 | €301,302 | -€1,805 | -0.6% |
| Intangible fixed assets | 21 | €16,994 | €11,026 | -€5,968 | -35.1% |
| Tangible fixed assets | 22/27 | €268,843 | €264,806 | -€4,037 | -1.5% |
| Plant, machinery and equipment | 23 | €41,261 | €37,591 | -€3,669 | -8.9% |
| Furniture and vehicles | 24 | €227,582 | €227,214 | -€368 | -0.2% |
| Financial fixed assets | 28 | €17,270 | €25,470 | +€8,200 | +47.5% |
| Current assets | 29/58 | €363,990 | €404,983 | +€40,993 | +11.3% |
| Amounts receivable after more than one year | 29 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 291 | - | €12,000 | +€12,000 | |
| Amounts receivable within one year | 40/41 | €261,889 | €226,733 | -€35,156 | -13.4% |
| Trade receivables | 40 | €229,498 | €157,014 | -€72,484 | -31.6% |
| Other amounts receivable | 41 | €32,392 | €69,720 | +€37,328 | +115.2% |
| Cash at bank and in hand | 54/58 | €93,489 | €153,638 | +€60,149 | +64.3% |
| Deferred charges and accrued income | 490/1 | €8,612 | €12,612 | +€4,000 | +46.4% |
| Total equity and liabilities | 10/49 | €667,097 | €706,285 | +€39,188 | +5.9% |
| Equity | 10/15 | €368,429 | €275,627 | -€92,802 | -25.2% |
| Contributions | 10/11 | €116,500 | €116,500 | = | 0.0% |
| Capital | 10 | €116,500 | €116,500 | = | 0.0% |
| Issued capital | 100 | €116,500 | €116,500 | = | 0.0% |
| Reserves | 13 | €249,650 | €158,650 | -€91,000 | -36.5% |
| Non-distributable reserves | 130/1 | €11,650 | €11,650 | = | 0.0% |
| Legal reserve | 130 | €11,650 | €11,650 | = | 0.0% |
| Distributable reserves | 133 | €238,000 | €147,000 | -€91,000 | -38.2% |
| Profit (loss) carried forward | 14 | €2,279 | €477 | -€1,802 | -79.1% |
| Amounts payable | 17/49 | €298,667 | €430,658 | +€131,990 | +44.2% |
| Amounts payable within one year | 42/48 | €298,667 | €255,689 | -€42,979 | -14.4% |
| Trade debts | 44 | €137,826 | €141,607 | +€3,781 | +2.7% |
| Suppliers | 440/4 | €137,826 | €141,607 | +€3,781 | +2.7% |
| Taxes, remuneration and social security | 45 | €158,855 | €112,404 | -€46,451 | -29.2% |
| Taxes | 450/3 | €35,347 | €26,824 | -€8,523 | -24.1% |
| Remuneration and social security | 454/9 | €123,508 | €85,580 | -€37,928 | -30.7% |
| Other amounts payable | 47/48 | €1,986 | €1,678 | -€308 | -15.5% |
| Accrued charges and deferred income | 492/3 | - | €174,969 | +€174,969 | |
| Remuneration, social security and pensions | 62 | €731,120 | €823,930 | +€92,811 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,849 | €95,702 | +€9,853 | +11.5% |
| Other operating charges | 640/8 | €573 | €588 | +€14 | +2.5% |
| Non-recurring operating charges | 66A | - | €670 | +€670 | |
| Gross operating margin | 9900 | €861,661 | €828,837 | -€32,824 | -3.8% |
| Operating profit (loss) | 9901 | €44,119 | -€92,053 | -€136,172 | |
| Financial income | 75/76B | €91 | €1,021 | +€929 | +1017.7% |
| Recurring financial income | 75 | €91 | €1,021 | +€929 | +1017.7% |
| Financial charges | 65/66B | €417 | €540 | +€123 | +29.4% |
| Recurring financial charges | 65 | €417 | €540 | +€123 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €43,793 | -€91,572 | -€135,366 | |
| Income taxes | 67/77 | €19,142 | €1,230 | -€17,913 | -93.6% |
| Profit (loss) for the period | 9904 | €24,651 | -€92,802 | -€117,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,651 | -€92,802 | -€117,453 |
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 29 September 2026 via checked.be.