LCQ: 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.
LCQ
Largest movements
- Cash +€23,483
up €23,483 (+181%), from €12,991 to €36,474
mainly Net result for the year (+€56,473) and Other debts (+€19,869)
- Tangible fixed assets -€5,798
down €5,798 (-30.5%), from €18,998 to €13,200
- Receivables within one year -€704
down €704 (-79.8%), from €882 to €179
of which Other amounts receivable: -€704
- Other debts +€19,869
up €19,869 (+157%), from €12,620 to €32,490
- Current portion of long-term debt -€6,526
down €6,526 (-65.7%), from €9,926 to €3,401
- Tax, wage and social debts +€4,058
up €4,058 (+269%), from €1,511 to €5,569
- Debts after one year -€3,401
down €3,401 (-100%), from €3,401 to €0
- Trade debts +€2,919
up €2,919 (+148%), from €1,975 to €4,894
- Gross operating margin +€54,646
up €54,646 (+224%), from €24,344 to €78,990
- Taxes +€11,106
up €11,106 (+259%), from €4,296 to €15,402
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 | €32,933 | €49,853 | +€16,919 | +51.4% |
| Fixed assets | 21/28 | €18,998 | €13,200 | -€5,798 | -30.5% |
| Tangible fixed assets | 22/27 | €18,998 | €13,200 | -€5,798 | -30.5% |
| Furniture and vehicles | 24 | €18,998 | €13,200 | -€5,798 | -30.5% |
| Current assets | 29/58 | €13,935 | €36,652 | +€22,717 | +163% |
| Amounts receivable within one year | 40/41 | €882 | €179 | -€704 | -79.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €882 | €179 | -€704 | -79.8% |
| Cash at bank and in hand | 54/58 | €12,991 | €36,474 | +€23,483 | +181% |
| Deferred charges and accrued income | 490/1 | €62 | €0 | -€62 | -100% |
| Total equity and liabilities | 10/49 | €32,933 | €49,853 | +€16,919 | +51.4% |
| Equity | 10/15 | €3,500 | €3,500 | = | 0.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,433 | €46,353 | +€16,919 | +57.5% |
| Amounts payable after more than one year | 17 | €3,401 | €0 | -€3,401 | -100% |
| Financial debts | 170/4 | €3,401 | €0 | -€3,401 | -100% |
| Amounts payable within one year | 42/48 | €26,033 | €46,353 | +€20,320 | +78.1% |
| Current portion of amounts payable after more than one year | 42 | €9,926 | €3,401 | -€6,526 | -65.7% |
| Trade debts | 44 | €1,975 | €4,894 | +€2,919 | +148% |
| Suppliers | 440/4 | €1,975 | €4,894 | +€2,919 | +148% |
| Taxes, remuneration and social security | 45 | €1,511 | €5,569 | +€4,058 | +269% |
| Taxes | 450/3 | €1,511 | €5,569 | +€4,058 | +269% |
| Other amounts payable | 47/48 | €12,620 | €32,490 | +€19,869 | +157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,798 | €5,798 | = | 0.0% |
| Other operating charges | 640/8 | €993 | €719 | -€274 | -27.6% |
| Gross operating margin | 9900 | €24,344 | €78,990 | +€54,646 | +224% |
| Operating profit (loss) | 9901 | €17,553 | €72,472 | +€54,920 | +313% |
| Financial charges | 65/66B | €975 | €597 | -€377 | -38.7% |
| Recurring financial charges | 65 | €975 | €597 | -€377 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €16,578 | €71,875 | +€55,297 | +334% |
| Income taxes | 67/77 | €4,296 | €15,402 | +€11,106 | +259% |
| Profit (loss) for the period | 9904 | €12,282 | €56,473 | +€44,191 | +360% |
| Profit (loss) for the period to be appropriated | 9905 | €12,282 | €56,473 | +€44,191 | +360% |
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 18 October 2026 via checked.be.