LK Services: 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 Services
Largest movements
- Receivables within one year +€46,672
up €46,672 (+325.0%), from €14,362 to €61,033
of which Other amounts receivable: +€27,938
- Tangible fixed assets +€23,487
up €23,487 (+29.2%), from €80,543 to €104,030
of which Plant, machinery and equipment: +€27,034
- Deferred charges and accrued income +€17,808
new in 2025: €17,808
- Cash +€14,553
up €14,553 (+7.7%), from €189,656 to €204,209
mainly Trade debts (+€52,191) and Debts after one year (+€43,674)
- Stocks and contracts +€10,349
up €10,349 (+115.4%), from €8,965 to €19,314
- Trade debts +€52,191
up €52,191 (+111.9%), from €46,658 to €98,848
- Debts after one year +€43,674
up €43,674 (+479.9%), from €9,101 to €52,774
- Other debts +€42,243
up €42,243, from €0 to €42,243
- Tax, wage and social debts -€25,519
down €25,519 (-95.8%), from €26,651 to €1,132
of which Remuneration and social security: -€15,434
- Reserves -€11,286
down €11,286 (-6.2%), from €181,115 to €169,829
- Gross operating margin -€48,960
down €48,960 (-38.5%), from €127,316 to €78,355
- Staff costs -€23,277
down €23,277 (-69.5%), from €33,502 to €10,225
- Taxes -€6,853
down €6,853 (-50.1%), from €13,669 to €6,815
- Depreciation +€2,711
up €2,711 (+11.7%), from €23,173 to €25,884
- Other operating charges -€1,910
down €1,910 (-55.9%), from €3,415 to €1,505
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 | €293,900 | €411,813 | +€117,912 | +40.1% |
| Fixed assets | 21/28 | €80,918 | €109,449 | +€28,531 | +35.3% |
| Tangible fixed assets | 22/27 | €80,543 | €104,030 | +€23,487 | +29.2% |
| Plant, machinery and equipment | 23 | €30,581 | €57,615 | +€27,034 | +88.4% |
| Furniture and vehicles | 24 | €41,271 | €37,173 | -€4,098 | -9.9% |
| Other tangible fixed assets | 26 | €8,691 | €9,242 | +€551 | +6.3% |
| Financial fixed assets | 28 | €375 | €5,419 | +€5,044 | +1345.1% |
| Current assets | 29/58 | €212,982 | €302,364 | +€89,382 | +42.0% |
| Stocks and contracts in progress | 3 | €8,965 | €19,314 | +€10,349 | +115.4% |
| Stocks | 30/36 | €8,965 | €19,314 | +€10,349 | +115.4% |
| Amounts receivable within one year | 40/41 | €14,362 | €61,033 | +€46,672 | +325.0% |
| Trade receivables | 40 | €12,327 | €31,061 | +€18,734 | +152.0% |
| Other amounts receivable | 41 | €2,034 | €29,972 | +€27,938 | +1373.4% |
| Cash at bank and in hand | 54/58 | €189,656 | €204,209 | +€14,553 | +7.7% |
| Deferred charges and accrued income | 490/1 | - | €17,808 | +€17,808 | |
| Total equity and liabilities | 10/49 | €293,900 | €411,813 | +€117,912 | +40.1% |
| Equity | 10/15 | €199,715 | €188,429 | -€11,286 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,115 | €169,829 | -€11,286 | -6.2% |
| Distributable reserves | 133 | €181,115 | €169,829 | -€11,286 | -6.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €94,185 | €223,384 | +€129,199 | +137.2% |
| Amounts payable after more than one year | 17 | €9,101 | €52,774 | +€43,674 | +479.9% |
| Financial debts | 170/4 | €9,101 | €52,774 | +€43,674 | +479.9% |
| Amounts payable within one year | 42/48 | €80,418 | €167,704 | +€87,286 | +108.5% |
| Current portion of amounts payable after more than one year | 42 | €7,109 | €17,042 | +€9,933 | +139.7% |
| Financial debts | 43 | - | €8,438 | +€8,438 | |
| Credit institutions | 430/8 | - | €8,438 | +€8,438 | |
| Trade debts | 44 | €46,658 | €98,848 | +€52,191 | +111.9% |
| Suppliers | 440/4 | €46,658 | €98,848 | +€52,191 | +111.9% |
| Taxes, remuneration and social security | 45 | €26,651 | €1,132 | -€25,519 | -95.8% |
| Taxes | 450/3 | €11,217 | €1,132 | -€10,085 | -89.9% |
| Remuneration and social security | 454/9 | €15,434 | €0 | -€15,434 | -100.0% |
| Other amounts payable | 47/48 | €0 | €42,243 | +€42,243 | |
| Accrued charges and deferred income | 492/3 | €4,666 | €2,906 | -€1,761 | -37.7% |
| Remuneration, social security and pensions | 62 | €33,502 | €10,225 | -€23,277 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,173 | €25,884 | +€2,711 | +11.7% |
| Other operating charges | 640/8 | €3,415 | €1,505 | -€1,910 | -55.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €127,316 | €78,355 | -€48,960 | -38.5% |
| Operating profit (loss) | 9901 | €67,226 | €40,741 | -€26,486 | -39.4% |
| Financial income | 75/76B | €45 | €0 | -€45 | -100.0% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -100.0% |
| Financial charges | 65/66B | €7,862 | €7,397 | -€465 | -5.9% |
| Recurring financial charges | 65 | €7,862 | €7,397 | -€465 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €59,410 | €33,344 | -€26,066 | -43.9% |
| Income taxes | 67/77 | €13,669 | €6,815 | -€6,853 | -50.1% |
| Profit (loss) for the period | 9904 | €45,741 | €26,529 | -€19,213 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,741 | €26,529 | -€19,213 | -42.0% |
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 7 October 2026 via checked.be.