LK: 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.
LK
Largest movements
- Cash +€40,705
up €40,705 (+92.4%), from €44,074 to €84,779
mainly Net result for the year (+€86,584) and Other debts (+€86,338)
- Receivables within one year +€12,960
up €12,960 (+57.8%), from €22,409 to €35,370
of which Trade receivables: +€19,556
- Tangible fixed assets -€9,316
down €9,316 (-5.6%), from €167,843 to €158,527
of which Land and buildings: -€7,411
- Other debts +€86,338
up €86,338 (+1882.5%), from €4,586 to €90,924
- Advances received -€20,644
down €20,644 (-100.0%), from €20,644 to €0
- Reserves -€13,466
down €13,466 (-90.2%), from €14,932 to €1,465
- Debts after one year -€8,713
down €8,713 (-5.0%), from €173,368 to €164,655
- Gross operating margin -€10,356
down €10,356 (-7.3%), from €142,138 to €131,782
- Taxes -€4,053
down €4,053 (-12.0%), from €33,797 to €29,744
- Financial income -€2,549
down €2,549 (-100.0%), from €2,549 to €0
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 | €234,326 | €278,675 | +€44,349 | +18.9% |
| Fixed assets | 21/28 | €167,843 | €158,527 | -€9,316 | -5.6% |
| Tangible fixed assets | 22/27 | €167,843 | €158,527 | -€9,316 | -5.6% |
| Land and buildings | 22 | €162,433 | €155,023 | -€7,411 | -4.6% |
| Plant, machinery and equipment | 23 | €243 | €0 | -€243 | -100.0% |
| Furniture and vehicles | 24 | €5,167 | €3,504 | -€1,662 | -32.2% |
| Current assets | 29/58 | €66,483 | €120,148 | +€53,665 | +80.7% |
| Amounts receivable within one year | 40/41 | €22,409 | €35,370 | +€12,960 | +57.8% |
| Trade receivables | 40 | €15,613 | €35,169 | +€19,556 | +125.2% |
| Other amounts receivable | 41 | €6,796 | €201 | -€6,595 | -97.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €44,074 | €84,779 | +€40,705 | +92.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €234,326 | €278,675 | +€44,349 | +18.9% |
| Equity | 10/15 | €17,932 | €4,465 | -€13,466 | -75.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,932 | €1,465 | -€13,466 | -90.2% |
| Distributable reserves | 133 | €14,932 | €1,465 | -€13,466 | -90.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €216,395 | €274,210 | +€57,815 | +26.7% |
| Amounts payable after more than one year | 17 | €173,368 | €164,655 | -€8,713 | -5.0% |
| Financial debts | 170/4 | €173,368 | €164,655 | -€8,713 | -5.0% |
| Amounts payable within one year | 42/48 | €43,026 | €109,555 | +€66,528 | +154.6% |
| Current portion of amounts payable after more than one year | 42 | €8,505 | €8,713 | +€208 | +2.4% |
| Trade debts | 44 | €109 | €121 | +€11 | +10.3% |
| Suppliers | 440/4 | €109 | €121 | +€11 | +10.3% |
| Advances received on contracts in progress | 46 | €20,644 | €0 | -€20,644 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,181 | €9,797 | +€615 | +6.7% |
| Taxes | 450/3 | €9,181 | €9,797 | +€615 | +6.7% |
| Other amounts payable | 47/48 | €4,586 | €90,924 | +€86,338 | +1882.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,678 | €9,316 | -€361 | -3.7% |
| Other operating charges | 640/8 | €1,748 | €1,529 | -€219 | -12.5% |
| Gross operating margin | 9900 | €142,138 | €131,782 | -€10,356 | -7.3% |
| Operating profit (loss) | 9901 | €130,712 | €120,937 | -€9,775 | -7.5% |
| Financial income | 75/76B | €2,549 | €0 | -€2,549 | -100.0% |
| Recurring financial income | 75 | €2,549 | €0 | -€2,549 | -100.0% |
| Financial charges | 65/66B | €4,951 | €4,609 | -€342 | -6.9% |
| Recurring financial charges | 65 | €4,951 | €4,609 | -€342 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €128,310 | €116,327 | -€11,983 | -9.3% |
| Income taxes | 67/77 | €33,797 | €29,744 | -€4,053 | -12.0% |
| Profit (loss) for the period | 9904 | €94,513 | €86,584 | -€7,930 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,513 | €86,584 | -€7,930 | -8.4% |
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.