LCTS: 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.
LCTS
Largest movements
- Receivables within one year +€112,318
up €112,318 (+228.1%), from €49,246 to €161,564
of which Trade receivables: +€101,203
- Intangible fixed assets +€64,707
new in 2025: €64,707
- Cash -€41,632
down €41,632 (-27.5%), from €151,492 to €109,861
mainly Receivables within one year (-€112,318) and Investment in fixed assets (net) (-€98,007)
- Deferred charges and accrued income +€13,790
up €13,790 (+193.6%), from €7,124 to €20,914
- Tangible fixed assets -€13,739
down €13,739 (-5.6%), from €243,768 to €230,029
of which Furniture and vehicles: -€19,335
- Trade debts +€64,369
up €64,369 (+177.9%), from €36,189 to €100,558
- Current portion of long-term debt +€28,829
up €28,829 (+61.2%), from €47,127 to €75,956
- Tax, wage and social debts +€19,723
up €19,723 (+37.3%), from €52,893 to €72,615
of which Remuneration and social security: +€28,083
- Other debts +€14,319
up €14,319 (+21.8%), from €65,681 to €80,000
- Debts after one year +€10,294
up €10,294 (+16.1%), from €63,931 to €74,225
- Staff costs +€157,417
up €157,417 (+100.0%), from €157,468 to €314,886
- Gross operating margin +€156,893
up €156,893 (+48.2%), from €325,623 to €482,516
- Depreciation -€5,578
down €5,578 (-10.6%), from €52,618 to €47,039
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 | €477,828 | €613,272 | +€135,444 | +28.3% |
| Fixed assets | 21/28 | €243,818 | €294,785 | +€50,967 | +20.9% |
| Intangible fixed assets | 21 | - | €64,707 | +€64,707 | |
| Tangible fixed assets | 22/27 | €243,768 | €230,029 | -€13,739 | -5.6% |
| Land and buildings | 22 | €180,777 | €176,941 | -€3,836 | -2.1% |
| Plant, machinery and equipment | 23 | - | €9,431 | +€9,431 | |
| Furniture and vehicles | 24 | €62,991 | €43,656 | -€19,335 | -30.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €234,010 | €318,487 | +€84,476 | +36.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €49,246 | €161,564 | +€112,318 | +228.1% |
| Trade receivables | 40 | €41,002 | €142,205 | +€101,203 | +246.8% |
| Other amounts receivable | 41 | €8,245 | €19,360 | +€11,115 | +134.8% |
| Current investments | 50/53 | €26,148 | €26,148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €151,492 | €109,861 | -€41,632 | -27.5% |
| Deferred charges and accrued income | 490/1 | €7,124 | €20,914 | +€13,790 | +193.6% |
| Total equity and liabilities | 10/49 | €477,828 | €613,272 | +€135,444 | +28.3% |
| Equity | 10/15 | €211,703 | €207,068 | -€4,636 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,860 | €170,860 | = | 0.0% |
| 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 | €169,000 | €169,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,243 | €17,608 | -€4,636 | -20.8% |
| Amounts payable | 17/49 | €266,125 | €406,205 | +€140,080 | +52.6% |
| Amounts payable after more than one year | 17 | €63,931 | €74,225 | +€10,294 | +16.1% |
| Financial debts | 170/4 | €63,931 | €74,225 | +€10,294 | +16.1% |
| Amounts payable within one year | 42/48 | €201,890 | €331,980 | +€130,089 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €47,127 | €75,956 | +€28,829 | +61.2% |
| Financial debts | 43 | - | €2,851 | +€2,851 | |
| Credit institutions | 430/8 | - | €2,851 | +€2,851 | |
| Trade debts | 44 | €36,189 | €100,558 | +€64,369 | +177.9% |
| Suppliers | 440/4 | €36,189 | €100,558 | +€64,369 | +177.9% |
| Taxes, remuneration and social security | 45 | €52,893 | €72,615 | +€19,723 | +37.3% |
| Taxes | 450/3 | €32,949 | €24,589 | -€8,360 | -25.4% |
| Remuneration and social security | 454/9 | €19,944 | €48,027 | +€28,083 | +140.8% |
| Other amounts payable | 47/48 | €65,681 | €80,000 | +€14,319 | +21.8% |
| Accrued charges and deferred income | 492/3 | €304 | €0 | -€304 | -100.0% |
| Remuneration, social security and pensions | 62 | €157,468 | €314,886 | +€157,417 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,618 | €47,039 | -€5,578 | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,721 | €0 | +€1,721 | |
| Other operating charges | 640/8 | €12,587 | €9,189 | -€3,398 | -27.0% |
| Gross operating margin | 9900 | €325,623 | €482,516 | +€156,893 | +48.2% |
| Operating profit (loss) | 9901 | €104,671 | €111,402 | +€6,731 | +6.4% |
| Financial income | 75/76B | €982 | €1,129 | +€146 | +14.9% |
| Recurring financial income | 75 | €982 | €1,129 | +€146 | +14.9% |
| Financial charges | 65/66B | €6,156 | €7,287 | +€1,131 | +18.4% |
| Recurring financial charges | 65 | €6,156 | €7,287 | +€1,131 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €99,498 | €105,244 | +€5,746 | +5.8% |
| Income taxes | 67/77 | €27,157 | €29,880 | +€2,723 | +10.0% |
| Profit (loss) for the period | 9904 | €72,341 | €75,364 | +€3,023 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,341 | €75,364 | +€3,023 | +4.2% |
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 5 October 2026 via checked.be.