LcqA: 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.
LcqA
Largest movements
- Tangible fixed assets -€45,799
down €45,799 (-9.1%), from €505,137 to €459,338
- Receivables within one year +€34,526
up €34,526 (+235%), from €14,709 to €49,235
of which Trade receivables: +€34,812
- Debts after one year -€32,734
down €32,734 (-10.2%), from €322,379 to €289,646
- Profit (loss) carried forward +€27,399
up €27,399 (+71.1%), from €38,531 to €65,930
- Other debts +€16,895
up €16,895 (+238%), from €7,112 to €24,007
- Current portion of long-term debt -€16,055
down €16,055 (-26.5%), from €60,585 to €44,530
- Trade debts -€10,537
down €10,537 (-20.2%), from €52,143 to €41,606
- Staff costs -€28,374
down €28,374 (-61.7%), from €45,988 to €17,614
- Financial charges -€6,275
down €6,275 (-36.7%), from €17,121 to €10,846
- Depreciation -€5,709
down €5,709 (-11.0%), from €52,083 to €46,374
- Gross operating margin -€4,963
down €4,963 (-4.3%), from €115,298 to €110,335
- Financial income -€4,453
no longer reported in 2025 (was €4,453)
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 | €520,289 | €510,068 | -€10,222 | -2.0% |
| Fixed assets | 21/28 | €505,486 | €459,687 | -€45,799 | -9.1% |
| Tangible fixed assets | 22/27 | €505,137 | €459,338 | -€45,799 | -9.1% |
| Land and buildings | 22 | €431,853 | €413,798 | -€18,055 | -4.2% |
| Plant, machinery and equipment | 23 | €3,411 | €1,929 | -€1,482 | -43.5% |
| Furniture and vehicles | 24 | €46,303 | €30,352 | -€15,952 | -34.5% |
| Other tangible fixed assets | 26 | €23,570 | €13,259 | -€10,310 | -43.7% |
| Financial fixed assets | 28 | €349 | €349 | = | 0.0% |
| Current assets | 29/58 | €14,803 | €50,380 | +€35,578 | +240% |
| Amounts receivable within one year | 40/41 | €14,709 | €49,235 | +€34,526 | +235% |
| Trade receivables | 40 | €14,148 | €48,959 | +€34,812 | +246% |
| Other amounts receivable | 41 | €561 | €276 | -€286 | -50.9% |
| Cash at bank and in hand | 54/58 | €17 | €591 | +€574 | +3,443% |
| Deferred charges and accrued income | 490/1 | €77 | €555 | +€478 | +619% |
| Total equity and liabilities | 10/49 | €520,289 | €510,068 | -€10,222 | -2.0% |
| Equity | 10/15 | €57,131 | €84,530 | +€27,399 | +48.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,531 | €65,930 | +€27,399 | +71.1% |
| Amounts payable | 17/49 | €463,159 | €425,538 | -€37,621 | -8.1% |
| Amounts payable after more than one year | 17 | €322,379 | €289,646 | -€32,734 | -10.2% |
| Financial debts | 170/4 | €322,379 | €289,646 | -€32,734 | -10.2% |
| Amounts payable within one year | 42/48 | €131,825 | €119,599 | -€12,225 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €60,585 | €44,530 | -€16,055 | -26.5% |
| Trade debts | 44 | €52,143 | €41,606 | -€10,537 | -20.2% |
| Suppliers | 440/4 | €52,143 | €41,606 | -€10,537 | -20.2% |
| Taxes, remuneration and social security | 45 | €11,985 | €9,457 | -€2,528 | -21.1% |
| Taxes | 450/3 | €972 | €1,100 | +€128 | +13.2% |
| Remuneration and social security | 454/9 | €11,013 | €8,357 | -€2,656 | -24.1% |
| Other amounts payable | 47/48 | €7,112 | €24,007 | +€16,895 | +238% |
| Accrued charges and deferred income | 492/3 | €8,955 | €16,293 | +€7,338 | +81.9% |
| Non-recurring operating income | 76A | €7,200 | - | -€7,200 | |
| Remuneration, social security and pensions | 62 | €45,988 | €17,614 | -€28,374 | -61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,083 | €46,374 | -€5,709 | -11.0% |
| Other operating charges | 640/8 | €7,441 | €8,054 | +€614 | +8.2% |
| Gross operating margin | 9900 | €115,298 | €110,335 | -€4,963 | -4.3% |
| Operating profit (loss) | 9901 | €9,786 | €38,292 | +€28,506 | +291% |
| Financial income | 75/76B | €4,453 | - | -€4,453 | |
| Recurring financial income | 75 | €4,453 | - | -€4,453 | |
| Financial charges | 65/66B | €17,121 | €10,846 | -€6,275 | -36.7% |
| Recurring financial charges | 65 | €17,121 | €10,846 | -€6,275 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,882 | €27,447 | +€30,328 | |
| Income taxes | 67/77 | €25 | €48 | +€23 | +89.7% |
| Profit (loss) for the period | 9904 | -€2,907 | €27,399 | +€30,306 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,907 | €27,399 | +€30,306 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.