LCSJ Invest: what changed
LCSJ Invest
Largest movements
- Receivables after one year +€1.1m
up €1.1m (+190%), from €568,500 to €1.7m
- Cash -€151,589
down €151,589 (-74.0%), from €204,858 to €53,270
mainly Receivables after one year (-€1.1m) and Other debts (-€300,262)
- Receivables within one year +€136,587
up €136,587 (+47.0%), from €290,574 to €427,160
of which Other amounts receivable: +€118,437
- Debts after one year +€1.1m
up €1.1m (+463%), from €237,305 to €1.3m
- Reserves +€326,435
up €326,435 (+116%), from €281,366 to €607,802
of which Distributable reserves: +€320,504
- Other debts -€300,262
down €300,262 (-99.0%), from €303,424 to €3,162
- Tax, wage and social debts -€31,625
down €31,625 (-95.3%), from €33,194 to €1,568
- Trade debts -€27,695
down €27,695 (-92.2%), from €30,029 to €2,334
- Financial income +€309,631
up €309,631 (+1,813%), from €17,077 to €326,708
- Gross operating margin -€148,057
down €148,057 (-81.6%), from €181,435 to €33,378
- Taxes -€31,527
down €31,527 (-82.7%), from €38,136 to €6,609
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,102,532 | €2,169,030 | +€1.1m | +96.7% |
| Fixed assets | 21/28 | €38,600 | €38,600 | = | 0.0% |
| Financial fixed assets | 28 | €38,600 | €38,600 | = | 0.0% |
| Current assets | 29/58 | €1,063,932 | €2,130,430 | +€1.1m | +100% |
| Amounts receivable after more than one year | 29 | €568,500 | €1,650,000 | +€1.1m | +190% |
| Other amounts receivable | 291 | €568,500 | €1,650,000 | +€1.1m | +190% |
| Amounts receivable within one year | 40/41 | €290,574 | €427,160 | +€136,587 | +47.0% |
| Trade receivables | 40 | €245,630 | €263,780 | +€18,150 | +7.4% |
| Other amounts receivable | 41 | €44,944 | €163,380 | +€118,437 | +264% |
| Cash at bank and in hand | 54/58 | €204,858 | €53,270 | -€151,589 | -74.0% |
| Total equity and liabilities | 10/49 | €1,102,532 | €2,169,030 | +€1.1m | +96.7% |
| Equity | 10/15 | €481,366 | €807,802 | +€326,435 | +67.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €281,366 | €607,802 | +€326,435 | +116% |
| Non-distributable reserves | 130/1 | €14,068 | €20,000 | +€5,932 | +42.2% |
| Legal reserve | 130 | €14,068 | €20,000 | +€5,932 | +42.2% |
| Distributable reserves | 133 | €267,298 | €587,802 | +€320,504 | +120% |
| Amounts payable | 17/49 | €621,166 | €1,361,229 | +€740,063 | +119% |
| Amounts payable after more than one year | 17 | €237,305 | €1,336,805 | +€1.1m | +463% |
| Financial debts | 170/4 | €237,305 | €1,336,805 | +€1.1m | +463% |
| Amounts payable within one year | 42/48 | €366,646 | €7,064 | -€359,582 | -98.1% |
| Trade debts | 44 | €30,029 | €2,334 | -€27,695 | -92.2% |
| Suppliers | 440/4 | €30,029 | €2,334 | -€27,695 | -92.2% |
| Taxes, remuneration and social security | 45 | €33,194 | €1,568 | -€31,625 | -95.3% |
| Taxes | 450/3 | €33,194 | €1,568 | -€31,625 | -95.3% |
| Other amounts payable | 47/48 | €303,424 | €3,162 | -€300,262 | -99.0% |
| Accrued charges and deferred income | 492/3 | €17,214 | €17,359 | +€145 | +0.8% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €181,435 | €33,378 | -€148,057 | -81.6% |
| Operating profit (loss) | 9901 | €180,936 | €32,865 | -€148,071 | -81.8% |
| Financial income | 75/76B | €17,077 | €326,708 | +€309,631 | +1,813% |
| Recurring financial income | 75 | €17,077 | €326,708 | +€309,631 | +1,813% |
| Financial charges | 65/66B | €25,238 | €26,529 | +€1,291 | +5.1% |
| Recurring financial charges | 65 | €25,238 | €26,529 | +€1,291 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €172,774 | €333,044 | +€160,270 | +92.8% |
| Income taxes | 67/77 | €38,136 | €6,609 | -€31,527 | -82.7% |
| Profit (loss) for the period | 9904 | €134,638 | €326,435 | +€191,797 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €134,638 | €326,435 | +€191,797 | +142% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.