LCSV: 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.
LCSV
Largest movements
- Cash +€45,149
up €45,149 (+110%), from €41,036 to €86,185
mainly Net result for the year (+€59,195) and Deferred charges and accrued income (+€4,258)
- Receivables within one year +€11,449
up €11,449 (+55.4%), from €20,675 to €32,124
of which Other amounts receivable: +€14,604
- Deferred charges and accrued income -€4,258
down €4,258 (-87.4%), from €4,872 to €615
- Tangible fixed assets +€1,471
up €1,471 (+10.3%), from €14,334 to €15,806
of which Furniture and vehicles: +€3,027
- Reserves +€59,195
up €59,195 (+93.2%), from €63,506 to €122,701
- Other debts -€4,797
down €4,797 (-100%), from €4,797 to €0
- Tax, wage and social debts +€2,331
up €2,331 (+30.9%), from €7,547 to €9,878
- Trade debts -€1,839
down €1,839 (-66.9%), from €2,749 to €910
- Gross operating margin -€2,684
down €2,684 (-3.3%), from €80,322 to €77,638
- Depreciation +€1,095
up €1,095 (+88.0%), from €1,244 to €2,339
- Taxes -€1,024
down €1,024 (-6.0%), from €16,944 to €15,921
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 | €80,918 | €134,729 | +€53,811 | +66.5% |
| Fixed assets | 21/28 | €14,334 | €15,806 | +€1,471 | +10.3% |
| Tangible fixed assets | 22/27 | €14,334 | €15,806 | +€1,471 | +10.3% |
| Furniture and vehicles | 24 | €1,308 | €4,335 | +€3,027 | +231% |
| Other tangible fixed assets | 26 | €13,026 | €11,470 | -€1,556 | -11.9% |
| Current assets | 29/58 | €66,584 | €118,923 | +€52,340 | +78.6% |
| Amounts receivable within one year | 40/41 | €20,675 | €32,124 | +€11,449 | +55.4% |
| Trade receivables | 40 | €20,675 | €17,520 | -€3,155 | -15.3% |
| Other amounts receivable | 41 | - | €14,604 | +€14,604 | |
| Cash at bank and in hand | 54/58 | €41,036 | €86,185 | +€45,149 | +110% |
| Deferred charges and accrued income | 490/1 | €4,872 | €615 | -€4,258 | -87.4% |
| Total equity and liabilities | 10/49 | €80,918 | €134,729 | +€53,811 | +66.5% |
| Equity | 10/15 | €64,506 | €123,701 | +€59,195 | +91.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,506 | €122,701 | +€59,195 | +93.2% |
| Distributable reserves | 133 | €63,506 | €122,701 | +€59,195 | +93.2% |
| Amounts payable | 17/49 | €16,412 | €11,028 | -€5,384 | -32.8% |
| Amounts payable within one year | 42/48 | €15,093 | €10,788 | -€4,306 | -28.5% |
| Trade debts | 44 | €2,749 | €910 | -€1,839 | -66.9% |
| Suppliers | 440/4 | €2,749 | €910 | -€1,839 | -66.9% |
| Taxes, remuneration and social security | 45 | €7,547 | €9,878 | +€2,331 | +30.9% |
| Taxes | 450/3 | €7,547 | €9,878 | +€2,331 | +30.9% |
| Other amounts payable | 47/48 | €4,797 | €0 | -€4,797 | -100% |
| Accrued charges and deferred income | 492/3 | €1,318 | €240 | -€1,078 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,244 | €2,339 | +€1,095 | +88.0% |
| Other operating charges | 640/8 | €244 | €120 | -€124 | -50.9% |
| Gross operating margin | 9900 | €80,322 | €77,638 | -€2,684 | -3.3% |
| Operating profit (loss) | 9901 | €78,833 | €75,179 | -€3,654 | -4.6% |
| Financial income | 75/76B | €0 | €266 | +€265 | +73,708% |
| Recurring financial income | 75 | €0 | €266 | +€265 | +73,708% |
| Financial charges | 65/66B | €32 | €329 | +€297 | +934% |
| Recurring financial charges | 65 | €32 | €329 | +€297 | +934% |
| Profit (loss) for the period before taxes | 9903 | €78,802 | €75,116 | -€3,686 | -4.7% |
| Income taxes | 67/77 | €16,944 | €15,921 | -€1,024 | -6.0% |
| Profit (loss) for the period | 9904 | €61,857 | €59,195 | -€2,662 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,857 | €59,195 | -€2,662 | -4.3% |
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 24 October 2026 via checked.be.