LCPO: 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.
LCPO
Largest movements
- Tangible fixed assets +€461,581
up €461,581 (+43.8%), from €1.1m to €1.5m
of which Land and buildings: +€482,649
- Cash +€367,314
up €367,314 (+596.9%), from €61,536 to €428,850
mainly Net result for the year (+€500,197) and Debts after one year (+€341,921)
- Receivables within one year +€34,743
up €34,743 (+114.9%), from €30,250 to €64,993
of which Other amounts receivable: +€22,643
- Reserves +€500,197
up €500,197 (+46.1%), from €1.1m to €1.6m
of which Distributable reserves: +€500,197
- Debts after one year +€341,921
up €341,921, from €0 to €341,921
- Current portion of long-term debt +€35,219
up €35,219, from €0 to €35,219
- Gross operating margin +€534,976
up €534,976 (+246.0%), from €217,486 to €752,463
- Taxes +€124,924
up €124,924 (+291.2%), from €42,899 to €167,823
- Depreciation +€12,232
up €12,232 (+25.4%), from €48,248 to €60,480
- Write-downs +€12,133
new in 2025: €12,133
- Financial charges +€8,954
up €8,954 (+837.7%), from €1,069 to €10,023
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 | €1,148,183 | €2,012,098 | +€863,915 | +75.2% |
| Fixed assets | 21/28 | €1,054,133 | €1,515,713 | +€461,581 | +43.8% |
| Tangible fixed assets | 22/27 | €1,054,127 | €1,515,707 | +€461,581 | +43.8% |
| Land and buildings | 22 | €998,740 | €1,481,389 | +€482,649 | +48.3% |
| Furniture and vehicles | 24 | €55,386 | €34,318 | -€21,068 | -38.0% |
| Financial fixed assets | 28 | €6 | €6 | = | 0.0% |
| Current assets | 29/58 | €94,050 | €496,385 | +€402,335 | +427.8% |
| Amounts receivable within one year | 40/41 | €30,250 | €64,993 | +€34,743 | +114.9% |
| Trade receivables | 40 | €30,250 | €42,350 | +€12,100 | +40.0% |
| Other amounts receivable | 41 | - | €22,643 | +€22,643 | |
| Cash at bank and in hand | 54/58 | €61,536 | €428,850 | +€367,314 | +596.9% |
| Deferred charges and accrued income | 490/1 | €2,264 | €2,542 | +€277 | +12.3% |
| Total equity and liabilities | 10/49 | €1,148,183 | €2,012,098 | +€863,915 | +75.2% |
| Equity | 10/15 | €1,103,229 | €1,603,426 | +€500,197 | +45.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,084,629 | €1,584,826 | +€500,197 | +46.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,084,629 | €1,584,826 | +€500,197 | +46.1% |
| Amounts payable | 17/49 | €44,954 | €408,672 | +€363,718 | +809.1% |
| Amounts payable after more than one year | 17 | €0 | €341,921 | +€341,921 | |
| Financial debts | 170/4 | €0 | €341,921 | +€341,921 | |
| Amounts payable within one year | 42/48 | €44,954 | €66,751 | +€21,797 | +48.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €35,219 | +€35,219 | |
| Trade debts | 44 | €3,303 | €3,032 | -€270 | -8.2% |
| Suppliers | 440/4 | €3,303 | €3,032 | -€270 | -8.2% |
| Taxes, remuneration and social security | 45 | €38,689 | €25,745 | -€12,945 | -33.5% |
| Taxes | 450/3 | €35,640 | €22,665 | -€12,975 | -36.4% |
| Remuneration and social security | 454/9 | €3,049 | €3,080 | +€31 | +1.0% |
| Other amounts payable | 47/48 | €2,962 | €2,755 | -€208 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,248 | €60,480 | +€12,232 | +25.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,133 | +€12,133 | |
| Other operating charges | 640/8 | €2,100 | €2,778 | +€678 | +32.3% |
| Gross operating margin | 9900 | €217,486 | €752,463 | +€534,976 | +246.0% |
| Operating profit (loss) | 9901 | €167,139 | €677,072 | +€509,933 | +305.1% |
| Financial income | 75/76B | €0 | €971 | +€971 | +4854700.0% |
| Recurring financial income | 75 | €0 | €971 | +€971 | +4854700.0% |
| Financial charges | 65/66B | €1,069 | €10,023 | +€8,954 | +837.7% |
| Recurring financial charges | 65 | €1,069 | €10,023 | +€8,954 | +837.7% |
| Profit (loss) for the period before taxes | 9903 | €166,070 | €668,020 | +€501,950 | +302.3% |
| Income taxes | 67/77 | €42,899 | €167,823 | +€124,924 | +291.2% |
| Profit (loss) for the period | 9904 | €123,171 | €500,197 | +€377,026 | +306.1% |
| Profit (loss) for the period to be appropriated | 9905 | €123,171 | €500,197 | +€377,026 | +306.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.