LCP MARCQ: 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.
LCP MARCQ
Largest movements
- Cash -€95,123
down €95,123 (-71.2%), from €133,610 to €38,487
mainly Contributions, distributions and other (-€84,000) and Tax, wage and social debts (-€35,318)
- Receivables within one year +€16,930
up €16,930 (+88.7%), from €19,088 to €36,018
of which Other amounts receivable: +€17,844
- Tangible fixed assets -€16,423
down €16,423 (-5.4%), from €305,651 to €289,228
- Profit (loss) carried forward -€38,002
down €38,002 (-28.8%), from €132,127 to €94,125
- Tax, wage and social debts -€35,318
down €35,318 (-76.0%), from €46,482 to €11,165
- Debts after one year -€15,409
down €15,409 (-12.4%), from €124,194 to €108,784
- Other debts -€5,650
down €5,650 (-6.0%), from €93,791 to €88,141
- Gross operating margin -€66,160
down €66,160 (-44.3%), from €149,512 to €83,352
- Taxes -€14,998
down €14,998 (-52.0%), from €28,852 to €13,854
- Depreciation +€1,757
up €1,757 (+9.9%), from €17,738 to €19,496
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.
Derived cash bridge
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 | €485,999 | €389,273 | -€96,726 | -19.9% |
| Fixed assets | 21/28 | €324,442 | €308,019 | -€16,423 | -5.1% |
| Tangible fixed assets | 22/27 | €305,651 | €289,228 | -€16,423 | -5.4% |
| Land and buildings | 22 | €261,726 | €253,617 | -€8,108 | -3.1% |
| Plant, machinery and equipment | 23 | €16,733 | €13,909 | -€2,823 | -16.9% |
| Furniture and vehicles | 24 | €24,252 | €19,227 | -€5,026 | -20.7% |
| Other tangible fixed assets | 26 | €2,940 | €2,474 | -€466 | -15.8% |
| Financial fixed assets | 28 | €18,792 | €18,792 | = | 0.0% |
| Current assets | 29/58 | €161,557 | €81,254 | -€80,303 | -49.7% |
| Amounts receivable within one year | 40/41 | €19,088 | €36,018 | +€16,930 | +88.7% |
| Trade receivables | 40 | €14,013 | €13,100 | -€913 | -6.5% |
| Other amounts receivable | 41 | €5,075 | €22,918 | +€17,844 | +352% |
| Cash at bank and in hand | 54/58 | €133,610 | €38,487 | -€95,123 | -71.2% |
| Deferred charges and accrued income | 490/1 | €8,859 | €6,749 | -€2,111 | -23.8% |
| Total equity and liabilities | 10/49 | €485,999 | €389,273 | -€96,726 | -19.9% |
| Equity | 10/15 | €203,070 | €165,067 | -€38,002 | -18.7% |
| Contributions | 10/11 | €65,472 | €65,472 | = | 0.0% |
| Reserves | 13 | €5,470 | €5,470 | = | 0.0% |
| Distributable reserves | 133 | €5,470 | €5,470 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,127 | €94,125 | -€38,002 | -28.8% |
| Amounts payable | 17/49 | €282,929 | €224,206 | -€58,724 | -20.8% |
| Amounts payable after more than one year | 17 | €124,194 | €108,784 | -€15,409 | -12.4% |
| Financial debts | 170/4 | €124,194 | €108,784 | -€15,409 | -12.4% |
| Amounts payable within one year | 42/48 | €158,736 | €115,421 | -€43,314 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €15,900 | €15,409 | -€490 | -3.1% |
| Trade debts | 44 | €2,562 | €706 | -€1,856 | -72.4% |
| Suppliers | 440/4 | €2,562 | €706 | -€1,856 | -72.4% |
| Taxes, remuneration and social security | 45 | €46,482 | €11,165 | -€35,318 | -76.0% |
| Taxes | 450/3 | €46,482 | €11,165 | -€35,318 | -76.0% |
| Other amounts payable | 47/48 | €93,791 | €88,141 | -€5,650 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,738 | €19,496 | +€1,757 | +9.9% |
| Other operating charges | 640/8 | €2,102 | €2,835 | +€733 | +34.9% |
| Gross operating margin | 9900 | €149,512 | €83,352 | -€66,160 | -44.3% |
| Operating profit (loss) | 9901 | €129,671 | €61,021 | -€68,650 | -52.9% |
| Financial income | 75/76B | - | €394 | +€394 | |
| Recurring financial income | 75 | - | €394 | +€394 | |
| Financial charges | 65/66B | €1,879 | €1,564 | -€315 | -16.8% |
| Recurring financial charges | 65 | €1,879 | €1,564 | -€315 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €127,792 | €59,852 | -€67,940 | -53.2% |
| Income taxes | 67/77 | €28,852 | €13,854 | -€14,998 | -52.0% |
| Profit (loss) for the period | 9904 | €98,939 | €45,998 | -€52,942 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €98,939 | €45,998 | -€52,942 | -53.5% |
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 26 October 2026 via checked.be.