LKD: 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.
LKD
Largest movements
- Tangible fixed assets -€43,417
down €43,417 (-3.2%), from €1.4m to €1.3m
- Reserves -€22,112
down €22,112 (-4.3%), from €517,940 to €495,828
of which Tax-exempt reserves: -€22,112
- Depreciation -€3,659
down €3,659 (-7.8%), from €47,076 to €43,417
- Other operating charges +€1,910
up €1,910 (+198.9%), from €960 to €2,870
- Gross operating margin +€1,437
up €1,437 (+20.5%), from €6,998 to €8,435
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 | €1,378,114 | €1,340,761 | -€37,353 | -2.7% |
| Fixed assets | 21/28 | €1,365,378 | €1,321,962 | -€43,417 | -3.2% |
| Tangible fixed assets | 22/27 | €1,364,598 | €1,321,181 | -€43,417 | -3.2% |
| Land and buildings | 22 | €1,364,598 | €1,321,181 | -€43,417 | -3.2% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €12,736 | €18,800 | +€6,064 | +47.6% |
| Cash at bank and in hand | 54/58 | €12,736 | €18,800 | +€6,064 | +47.6% |
| Total equity and liabilities | 10/49 | €1,378,114 | €1,340,761 | -€37,353 | -2.7% |
| Equity | 10/15 | €222,842 | €188,669 | -€34,173 | -15.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €517,940 | €495,828 | -€22,112 | -4.3% |
| Tax-exempt reserves | 132 | €511,740 | €489,628 | -€22,112 | -4.3% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€313,648 | -€325,709 | -€12,062 | -3.8% |
| Provisions and deferred taxes | 16 | €86,174 | €82,451 | -€3,723 | -4.3% |
| Provisions for liabilities and charges | 160/5 | €86,174 | €82,451 | -€3,723 | -4.3% |
| Taxes | 161 | €86,174 | €82,451 | -€3,723 | -4.3% |
| Amounts payable | 17/49 | €1,069,098 | €1,069,642 | +€544 | +0.1% |
| Amounts payable within one year | 42/48 | €1,069,098 | €1,069,642 | +€544 | +0.1% |
| Other amounts payable | 47/48 | €1,069,098 | €1,069,642 | +€544 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,076 | €43,417 | -€3,659 | -7.8% |
| Other operating charges | 640/8 | €960 | €2,870 | +€1,910 | +198.9% |
| Gross operating margin | 9900 | €6,998 | €8,435 | +€1,437 | +20.5% |
| Operating profit (loss) | 9901 | -€41,038 | -€37,852 | +€3,186 | +7.8% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,083 | -€37,897 | +€3,186 | +7.8% |
| Transfer from deferred taxes | 780 | €3,778 | €3,723 | -€54 | -1.4% |
| Profit (loss) for the period | 9904 | -€37,305 | -€34,173 | +€3,132 | +8.4% |
| Transfer from tax-exempt reserves | 789 | €22,435 | €22,112 | -€324 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,870 | -€12,062 | +€2,808 | +18.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.