LCS Build: what changed
LCS Build
Largest movements
- Cash +€190,022
up €190,022 (+313%), from €60,700 to €250,721
mainly Current investments (+€180,000) and Other debts (+€53,701)
- Current investments -€180,000
down €180,000 (-100%), from €180,000 to €0
- Tangible fixed assets -€14,711
down €14,711 (-28.6%), from €51,367 to €36,656
- Other debts +€53,701
up €53,701 (+3,501%), from €1,534 to €55,235
- Reserves -€41,554
down €41,554 (-14.8%), from €281,526 to €239,972
- Debts after one year -€11,710
down €11,710 (-62.3%), from €18,789 to €7,079
- Tax, wage and social debts -€10,011
down €10,011 (-76.9%), from €13,013 to €3,002
of which Taxes: -€10,011
- Trade debts +€3,577
up €3,577 (+130%), from €2,757 to €6,333
- Gross operating margin -€37,132
down €37,132 (-29.4%), from €126,229 to €89,097
- Taxes -€11,332
down €11,332 (-35.6%), from €31,835 to €20,502
- Financial income -€1,871
down €1,871 (-71.8%), from €2,606 to €735
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €338,813 | €333,331 | -€5,481 | -1.6% |
| Fixed assets | 21/28 | €51,367 | €36,656 | -€14,711 | -28.6% |
| Tangible fixed assets | 22/27 | €51,367 | €36,656 | -€14,711 | -28.6% |
| Furniture and vehicles | 24 | €51,367 | €36,656 | -€14,711 | -28.6% |
| Current assets | 29/58 | €287,446 | €296,675 | +€9,229 | +3.2% |
| Amounts receivable within one year | 40/41 | €46,746 | €45,726 | -€1,020 | -2.2% |
| Trade receivables | 40 | €45,799 | €42,645 | -€3,153 | -6.9% |
| Other amounts receivable | 41 | €947 | €3,080 | +€2,133 | +225% |
| Current investments | 50/53 | €180,000 | €0 | -€180,000 | -100% |
| Cash at bank and in hand | 54/58 | €60,700 | €250,721 | +€190,022 | +313% |
| Deferred charges and accrued income | 490/1 | - | €228 | +€228 | |
| Total equity and liabilities | 10/49 | €338,813 | €333,331 | -€5,481 | -1.6% |
| Equity | 10/15 | €291,526 | €249,972 | -€41,554 | -14.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €281,526 | €239,972 | -€41,554 | -14.8% |
| Distributable reserves | 133 | €281,526 | €239,972 | -€41,554 | -14.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,287 | €83,360 | +€36,073 | +76.3% |
| Amounts payable after more than one year | 17 | €18,789 | €7,079 | -€11,710 | -62.3% |
| Financial debts | 170/4 | €18,789 | €7,079 | -€11,710 | -62.3% |
| Amounts payable within one year | 42/48 | €28,497 | €76,281 | +€47,783 | +168% |
| Current portion of amounts payable after more than one year | 42 | €11,194 | €11,710 | +€517 | +4.6% |
| Trade debts | 44 | €2,757 | €6,333 | +€3,577 | +130% |
| Suppliers | 440/4 | €2,757 | €6,333 | +€3,577 | +130% |
| Taxes, remuneration and social security | 45 | €13,013 | €3,002 | -€10,011 | -76.9% |
| Taxes | 450/3 | €13,013 | €3,002 | -€10,011 | -76.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,534 | €55,235 | +€53,701 | +3,501% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,711 | €14,711 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €601 | +€88 | +17.2% |
| Gross operating margin | 9900 | €126,229 | €89,097 | -€37,132 | -29.4% |
| Operating profit (loss) | 9901 | €111,005 | €73,785 | -€37,220 | -33.5% |
| Financial income | 75/76B | €2,606 | €735 | -€1,871 | -71.8% |
| Recurring financial income | 75 | €2,606 | €735 | -€1,871 | -71.8% |
| Financial charges | 65/66B | €1,926 | €1,921 | -€5 | -0.3% |
| Recurring financial charges | 65 | €1,926 | €1,921 | -€5 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €111,685 | €72,599 | -€39,085 | -35.0% |
| Income taxes | 67/77 | €31,835 | €20,502 | -€11,332 | -35.6% |
| Profit (loss) for the period | 9904 | €79,850 | €52,097 | -€27,753 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,850 | €52,097 | -€27,753 | -34.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.