LKA Management: 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.
LKA Management
Largest movements
- Receivables within one year +€126,503
up €126,503 (+8662.5%), from €1,460 to €127,963
of which Trade receivables: +€93,633
- Tangible fixed assets +€107,384
up €107,384 (+9244.1%), from €1,162 to €108,545
of which Other tangible fixed assets: +€66,916
- Cash +€8,704
up €8,704 (+14.9%), from €58,351 to €67,055
mainly Other debts (+€76,386) and Trade debts (+€58,294)
- Other debts +€76,386
up €76,386 (+1390.9%), from €5,492 to €81,878
- Trade debts +€58,294
up €58,294 (+2720.9%), from €2,142 to €60,437
- Reserves +€46,000
up €46,000 (+148.4%), from €31,000 to €77,000
- Debts after one year +€35,009
new in 2025: €35,009
- Tax, wage and social debts +€15,620
up €15,620 (+79.9%), from €19,552 to €35,172
of which Taxes: +€9,149
- Gross operating margin +€158,172
up €158,172 (+976.0%), from €16,206 to €174,378
- Financial charges +€52,681
up €52,681 (+29316.2%), from €180 to €52,861
- Staff costs +€46,025
new in 2025: €46,025
- Depreciation +€13,928
up €13,928 (+69396.2%), from €20 to €13,948
- Taxes +€7,992
up €7,992 (+221.1%), from €3,615 to €11,607
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 | €60,973 | €304,832 | +€243,859 | +399.9% |
| Fixed assets | 21/28 | €1,162 | €108,545 | +€107,384 | +9244.1% |
| Tangible fixed assets | 22/27 | €1,162 | €108,545 | +€107,384 | +9244.1% |
| Furniture and vehicles | 24 | €1,162 | €41,629 | +€40,467 | +3483.6% |
| Other tangible fixed assets | 26 | - | €66,916 | +€66,916 | |
| Current assets | 29/58 | €59,811 | €196,286 | +€136,475 | +228.2% |
| Amounts receivable within one year | 40/41 | €1,460 | €127,963 | +€126,503 | +8662.5% |
| Trade receivables | 40 | - | €93,633 | +€93,633 | |
| Other amounts receivable | 41 | €1,460 | €34,330 | +€32,870 | +2250.8% |
| Cash at bank and in hand | 54/58 | €58,351 | €67,055 | +€8,704 | +14.9% |
| Deferred charges and accrued income | 490/1 | - | €1,269 | +€1,269 | |
| Total equity and liabilities | 10/49 | €60,973 | €304,832 | +€243,859 | +399.9% |
| Equity | 10/15 | €33,786 | €79,379 | +€45,593 | +134.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,000 | €77,000 | +€46,000 | +148.4% |
| Distributable reserves | 133 | €31,000 | €77,000 | +€46,000 | +148.4% |
| Profit (loss) carried forward | 14 | €786 | €379 | -€407 | -51.8% |
| Amounts payable | 17/49 | €27,187 | €225,452 | +€198,266 | +729.3% |
| Amounts payable after more than one year | 17 | - | €35,009 | +€35,009 | |
| Financial debts | 170/4 | - | €35,009 | +€35,009 | |
| Amounts payable within one year | 42/48 | €27,187 | €187,041 | +€159,854 | +588.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,555 | +€9,555 | |
| Trade debts | 44 | €2,142 | €60,437 | +€58,294 | +2720.9% |
| Suppliers | 440/4 | €2,142 | €60,437 | +€58,294 | +2720.9% |
| Taxes, remuneration and social security | 45 | €19,552 | €35,172 | +€15,620 | +79.9% |
| Taxes | 450/3 | €19,552 | €28,701 | +€9,149 | +46.8% |
| Remuneration and social security | 454/9 | - | €6,471 | +€6,471 | |
| Other amounts payable | 47/48 | €5,492 | €81,878 | +€76,386 | +1390.9% |
| Accrued charges and deferred income | 492/3 | - | €3,403 | +€3,403 | |
| Remuneration, social security and pensions | 62 | - | €46,025 | +€46,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20 | €13,948 | +€13,928 | +69396.2% |
| Other operating charges | 640/8 | €571 | €4,757 | +€4,186 | +733.0% |
| Gross operating margin | 9900 | €16,206 | €174,378 | +€158,172 | +976.0% |
| Operating profit (loss) | 9901 | €15,615 | €109,647 | +€94,033 | +602.2% |
| Financial income | 75/76B | €10 | €414 | +€404 | +3850.2% |
| Recurring financial income | 75 | €10 | €414 | +€404 | +3850.2% |
| Financial charges | 65/66B | €180 | €52,861 | +€52,681 | +29316.2% |
| Recurring financial charges | 65 | €180 | €52,861 | +€52,681 | +29316.2% |
| Profit (loss) for the period before taxes | 9903 | €15,446 | €57,201 | +€41,755 | +270.3% |
| Income taxes | 67/77 | €3,615 | €11,607 | +€7,992 | +221.1% |
| Profit (loss) for the period | 9904 | €11,830 | €45,593 | +€33,763 | +285.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,830 | €45,593 | +€33,763 | +285.4% |
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 6 October 2026 via checked.be.