LCTE: 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.
LCTE
Largest movements
- Tangible fixed assets +€51,953
up €51,953 (+2779.4%), from €1,869 to €53,822
of which Furniture and vehicles: +€48,825
- Receivables within one year +€48,155
up €48,155 (+174.9%), from €27,526 to €75,680
of which Trade receivables: +€48,274
- Cash +€38,154
up €38,154 (+42.6%), from €89,488 to €127,642
mainly Net result for the year (+€61,041) and Debts after one year (+€37,098)
- Deferred charges and accrued income -€7,806
down €7,806 (-29.9%), from €26,087 to €18,281
- Reserves +€60,208
up €60,208 (+64.7%), from €92,999 to €153,207
- Debts after one year +€37,098
new in 2025: €37,098
- Tax, wage and social debts +€22,875
up €22,875 (+50.2%), from €45,540 to €68,415
- Current portion of long-term debt +€9,578
new in 2025: €9,578
- Gross operating margin +€15,148
up €15,148 (+18.7%), from €81,130 to €96,278
- Depreciation +€6,477
up €6,477 (+511.5%), from €1,266 to €7,743
- Taxes +€2,958
up €2,958 (+12.7%), from €23,235 to €26,192
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 | €144,970 | €275,425 | +€130,455 | +90.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,869 | €53,822 | +€51,953 | +2779.4% |
| Tangible fixed assets | 22/27 | €1,869 | €53,822 | +€51,953 | +2779.4% |
| Plant, machinery and equipment | 23 | €1,333 | €4,461 | +€3,128 | +234.7% |
| Furniture and vehicles | 24 | €536 | €49,361 | +€48,825 | +9101.8% |
| Current assets | 29/58 | €143,101 | €221,603 | +€78,502 | +54.9% |
| Amounts receivable within one year | 40/41 | €27,526 | €75,680 | +€48,155 | +174.9% |
| Trade receivables | 40 | €27,407 | €75,680 | +€48,274 | +176.1% |
| Other amounts receivable | 41 | €119 | €0 | -€119 | -100.0% |
| Cash at bank and in hand | 54/58 | €89,488 | €127,642 | +€38,154 | +42.6% |
| Deferred charges and accrued income | 490/1 | €26,087 | €18,281 | -€7,806 | -29.9% |
| Total equity and liabilities | 10/49 | €144,970 | €275,425 | +€130,455 | +90.0% |
| Equity | 10/15 | €94,999 | €155,207 | +€60,208 | +63.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €92,999 | €153,207 | +€60,208 | +64.7% |
| Distributable reserves | 133 | €92,999 | €153,207 | +€60,208 | +64.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,971 | €120,218 | +€70,247 | +140.6% |
| Amounts payable after more than one year | 17 | - | €37,098 | +€37,098 | |
| Financial debts | 170/4 | - | €37,098 | +€37,098 | |
| Amounts payable within one year | 42/48 | €48,552 | €82,714 | +€34,161 | +70.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,578 | +€9,578 | |
| Trade debts | 44 | €1,370 | €618 | -€752 | -54.9% |
| Suppliers | 440/4 | €1,370 | €618 | -€752 | -54.9% |
| Taxes, remuneration and social security | 45 | €45,540 | €68,415 | +€22,875 | +50.2% |
| Taxes | 450/3 | €45,540 | €68,415 | +€22,875 | +50.2% |
| Other amounts payable | 47/48 | €1,642 | €4,102 | +€2,460 | +149.9% |
| Accrued charges and deferred income | 492/3 | €1,419 | €406 | -€1,013 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,266 | €7,743 | +€6,477 | +511.5% |
| Other operating charges | 640/8 | €826 | €350 | -€477 | -57.7% |
| Gross operating margin | 9900 | €81,130 | €96,278 | +€15,148 | +18.7% |
| Operating profit (loss) | 9901 | €79,037 | €88,185 | +€9,148 | +11.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €952 | +€879 | +1194.7% |
| Recurring financial charges | 65 | €74 | €952 | +€879 | +1194.7% |
| Profit (loss) for the period before taxes | 9903 | €78,964 | €87,233 | +€8,269 | +10.5% |
| Income taxes | 67/77 | €23,235 | €26,192 | +€2,958 | +12.7% |
| Profit (loss) for the period | 9904 | €55,729 | €61,041 | +€5,312 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,729 | €61,041 | +€5,312 | +9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.