LCT: what changed
Two fiscal 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.
LCT
Largest movements
- Financial fixed assets +€15.4m
up €15.4m (+1221.5%), from €1.3m to €16.7m
- Receivables within one year +€1.2m
up €1.2m (+392.8%), from €307,579 to €1.5m
of which Other amounts receivable: +€1.3m
- Reserves +€9.4m
up €9.4m (+1424.5%), from €657,569 to €10.0m
of which Distributable reserves: +€9.4m
- Debts after one year +€6.5m
up €6.5m (+7729.6%), from €83,618 to €6.5m
- Other debts +€1.4m
up €1.4m (+456.4%), from €309,139 to €1.7m
- Trade debts -€983,497
down €983,497 (-78.1%), from €1.3m to €276,180
- Current portion of long-term debt +€355,815
up €355,815 (+1241.7%), from €28,654 to €384,469
- Financial income +€9.6m
up €9.6m (+29374.4%), from €32,765 to €9.7m
of which Non-recurring financial income: +€9.6m
- Gross operating margin -€209,887
down €209,887 (-64.5%), from €325,526 to €115,638
- Financial charges +€133,361
up €133,361 (+372.3%), from €35,824 to €169,185
of which Non-recurring financial charges: +€100,000
- Depreciation +€88,238
up €88,238 (+101.6%), from €86,854 to €175,092
- Taxes -€69,232
down €69,232 (-98.3%), from €70,413 to €1,181
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.
Cash bridge derived
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 | €2,559,936 | €19,087,888 | +€16.5m | +645.6% |
| Fixed assets | 21/28 | €2,244,211 | €17,493,197 | +€15.2m | +679.5% |
| Intangible fixed assets | 21 | €835,714 | €707,143 | -€128,571 | -15.4% |
| Tangible fixed assets | 22/27 | €147,715 | €124,713 | -€23,002 | -15.6% |
| Furniture and vehicles | 24 | €147,715 | €124,713 | -€23,002 | -15.6% |
| Financial fixed assets | 28 | €1,260,782 | €16,661,342 | +€15.4m | +1221.5% |
| Current assets | 29/58 | €315,724 | €1,594,690 | +€1.3m | +405.1% |
| Amounts receivable within one year | 40/41 | €307,579 | €1,515,751 | +€1.2m | +392.8% |
| Trade receivables | 40 | €288,498 | €195,173 | -€93,325 | -32.3% |
| Other amounts receivable | 41 | €19,081 | €1,320,578 | +€1.3m | +6820.9% |
| Cash at bank and in hand | 54/58 | €4,594 | €54,437 | +€49,842 | +1084.9% |
| Deferred charges and accrued income | 490/1 | €3,551 | €24,503 | +€20,951 | +590.0% |
| Total equity and liabilities | 10/49 | €2,559,936 | €19,087,888 | +€16.5m | +645.6% |
| Equity | 10/15 | €676,169 | €10,043,339 | +€9.4m | +1385.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €657,569 | €10,024,739 | +€9.4m | +1424.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €655,709 | €10,022,879 | +€9.4m | +1428.6% |
| Amounts payable | 17/49 | €1,883,767 | €9,044,549 | +€7.2m | +380.1% |
| Amounts payable after more than one year | 17 | €83,618 | €6,546,986 | +€6.5m | +7729.6% |
| Financial debts | 170/4 | €83,618 | €6,546,986 | +€6.5m | +7729.6% |
| Amounts payable within one year | 42/48 | €1,735,719 | €2,481,546 | +€745,827 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €28,654 | €384,469 | +€355,815 | +1241.7% |
| Financial debts | 43 | €51,929 | €51,258 | -€671 | -1.3% |
| Credit institutions | 430/8 | €1,929 | €1,258 | -€671 | -34.8% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €1,259,677 | €276,180 | -€983,497 | -78.1% |
| Suppliers | 440/4 | €1,259,677 | €276,180 | -€983,497 | -78.1% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €86,320 | €24,581 | -€61,739 | -71.5% |
| Taxes | 450/3 | €86,320 | €8,472 | -€77,848 | -90.2% |
| Remuneration and social security | 454/9 | - | €16,109 | +€16,109 | |
| Other amounts payable | 47/48 | €309,139 | €1,720,058 | +€1.4m | +456.4% |
| Accrued charges and deferred income | 492/3 | €64,429 | €16,016 | -€48,413 | -75.1% |
| Non-recurring operating income | 76A | €254,698 | €0 | -€254,698 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €53,502 | +€53,502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,854 | €175,092 | +€88,238 | +101.6% |
| Other operating charges | 640/8 | €4,614 | €6,911 | +€2,297 | +49.8% |
| Gross operating margin | 9900 | €325,526 | €115,638 | -€209,887 | -64.5% |
| Operating profit (loss) | 9901 | €234,058 | -€119,866 | -€353,924 | |
| Financial income | 75/76B | €32,765 | €9,657,403 | +€9.6m | +29374.4% |
| Recurring financial income | 75 | €32,765 | €63,843 | +€31,077 | +94.8% |
| Non-recurring financial income | 76B | - | €9,593,560 | +€9.6m | |
| Financial charges | 65/66B | €35,824 | €169,185 | +€133,361 | +372.3% |
| Recurring financial charges | 65 | €35,824 | €69,185 | +€33,361 | +93.1% |
| Non-recurring financial charges | 66B | - | €100,000 | +€100,000 | |
| Profit (loss) for the period before taxes | 9903 | €230,999 | €9,368,351 | +€9.1m | +3955.6% |
| Income taxes | 67/77 | €70,413 | €1,181 | -€69,232 | -98.3% |
| Profit (loss) for the period | 9904 | €160,586 | €9,367,170 | +€9.2m | +5733.1% |
| Profit (loss) for the period to be appropriated | 9905 | €160,586 | €9,367,170 | +€9.2m | +5733.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.