LCR Telecom: 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.
LCR Telecom
Largest movements
- Intangible fixed assets -€213,389
down €213,389 (-63.3%), from €337,199 to €123,810
- Current investments -€200,145
no longer reported in 2025 (was €200,145)
- Cash -€31,805
down €31,805 (-13.3%), from €238,259 to €206,454
mainly Contributions, distributions and other (-€240,000) and Other debts (-€110,000)
- Receivables within one year +€31,649
up €31,649 (+8.6%), from €366,961 to €398,610
of which Trade receivables: +€28,607
- Reserves -€197,344
down €197,344 (-75.3%), from €262,137 to €64,794
- Other debts -€110,000
down €110,000 (-31.4%), from €350,000 to €240,000
- Tax, wage and social debts -€98,744
down €98,744 (-50.5%), from €195,630 to €96,886
of which Taxes: -€62,059
- Accrued charges and deferred income -€25,631
down €25,631 (-10.4%), from €245,572 to €219,942
- Gross operating margin -€57,889
down €57,889 (-6.8%), from €853,358 to €795,469
- Depreciation -€48,243
down €48,243 (-17.5%), from €276,187 to €227,944
- Staff costs -€47,469
down €47,469 (-9.0%), from €529,593 to €482,124
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 | €1,184,594 | €763,874 | -€420,720 | -35.5% |
| Fixed assets | 21/28 | €365,599 | €145,449 | -€220,150 | -60.2% |
| Intangible fixed assets | 21 | €337,199 | €123,810 | -€213,389 | -63.3% |
| Tangible fixed assets | 22/27 | €24,200 | €17,438 | -€6,762 | -27.9% |
| Plant, machinery and equipment | 23 | €2,098 | €7,749 | +€5,651 | +269% |
| Furniture and vehicles | 24 | €22,102 | €9,690 | -€12,412 | -56.2% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €818,995 | €618,425 | -€200,570 | -24.5% |
| Stocks and contracts in progress | 3 | €6,515 | €6,365 | -€150 | -2.3% |
| Stocks | 30/36 | €6,515 | €6,365 | -€150 | -2.3% |
| Amounts receivable within one year | 40/41 | €366,961 | €398,610 | +€31,649 | +8.6% |
| Trade receivables | 40 | €329,111 | €357,718 | +€28,607 | +8.7% |
| Other amounts receivable | 41 | €37,850 | €40,893 | +€3,042 | +8.0% |
| Current investments | 50/53 | €200,145 | - | -€200,145 | |
| Cash at bank and in hand | 54/58 | €238,259 | €206,454 | -€31,805 | -13.3% |
| Deferred charges and accrued income | 490/1 | €7,115 | €6,996 | -€118 | -1.7% |
| Total equity and liabilities | 10/49 | €1,184,594 | €763,874 | -€420,720 | -35.5% |
| Equity | 10/15 | €268,337 | €70,994 | -€197,344 | -73.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €262,137 | €64,794 | -€197,344 | -75.3% |
| Distributable reserves | 133 | €262,137 | €64,794 | -€197,344 | -75.3% |
| Amounts payable | 17/49 | €916,257 | €692,880 | -€223,376 | -24.4% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €660,684 | €462,938 | -€197,746 | -29.9% |
| Trade debts | 44 | €115,054 | €126,052 | +€10,998 | +9.6% |
| Suppliers | 440/4 | €115,054 | €126,052 | +€10,998 | +9.6% |
| Taxes, remuneration and social security | 45 | €195,630 | €96,886 | -€98,744 | -50.5% |
| Taxes | 450/3 | €77,039 | €14,980 | -€62,059 | -80.6% |
| Remuneration and social security | 454/9 | €118,591 | €81,906 | -€36,684 | -30.9% |
| Other amounts payable | 47/48 | €350,000 | €240,000 | -€110,000 | -31.4% |
| Accrued charges and deferred income | 492/3 | €245,572 | €219,942 | -€25,631 | -10.4% |
| Non-recurring operating income | 76A | €12,500 | - | -€12,500 | |
| Remuneration, social security and pensions | 62 | €529,593 | €482,124 | -€47,469 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,187 | €227,944 | -€48,243 | -17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €769 | €2,561 | +€1,792 | +233% |
| Other operating charges | 640/8 | €2,355 | €2,272 | -€83 | -3.5% |
| Gross operating margin | 9900 | €853,358 | €795,469 | -€57,889 | -6.8% |
| Operating profit (loss) | 9901 | €44,455 | €80,569 | +€36,114 | +81.2% |
| Financial income | 75/76B | €844 | €2,015 | +€1,170 | +139% |
| Recurring financial income | 75 | €844 | €2,015 | +€1,170 | +139% |
| Financial charges | 65/66B | €660 | €579 | -€80 | -12.2% |
| Recurring financial charges | 65 | €660 | €579 | -€80 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €44,639 | €82,004 | +€37,365 | +83.7% |
| Income taxes | 67/77 | €44,077 | €39,348 | -€4,729 | -10.7% |
| Profit (loss) for the period | 9904 | €562 | €42,656 | +€42,094 | +7,484% |
| Profit (loss) for the period to be appropriated | 9905 | €562 | €42,656 | +€42,094 | +7,484% |
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 19 October 2026 via checked.be.