LKKE: 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.
LKKE
Largest movements
- Tangible fixed assets -€53,306
down €53,306 (-8.2%), from €647,291 to €593,985
of which Land and buildings: -€51,948
- Cash -€28,413
down €28,413 (-91.5%), from €31,047 to €2,633
mainly Current portion of long-term debt (-€39,375) and Other debts (-€27,341)
- Current portion of long-term debt -€39,375
no longer reported in 2025 (was €39,375)
- Other debts -€27,341
down €27,341 (-97.9%), from €27,917 to €576
- Trade debts -€9,000
no longer reported in 2025 (was €9,000)
- Provisions -€7,822
down €7,822 (-4.9%), from €161,055 to €153,233
of which Deferred taxes: -€16,822
- Taxes +€10,907
up €10,907 (+345.1%), from €3,160 to €14,067
- Depreciation -€8,469
down €8,469 (-13.7%), from €61,774 to €53,306
- Gross operating margin +€5,995
up €5,995 (+11.8%), from €50,746 to €56,741
- Other operating charges -€1,744
down €1,744 (-17.2%), from €10,163 to €8,420
- Financial charges -€710
down €710 (-51.4%), from €1,380 to €671
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 | €678,720 | €596,619 | -€82,101 | -12.1% |
| Fixed assets | 21/28 | €647,291 | €593,985 | -€53,306 | -8.2% |
| Tangible fixed assets | 22/27 | €647,291 | €593,985 | -€53,306 | -8.2% |
| Land and buildings | 22 | €640,792 | €588,844 | -€51,948 | -8.1% |
| Furniture and vehicles | 24 | €6,499 | €5,141 | -€1,358 | -20.9% |
| Current assets | 29/58 | €31,428 | €2,633 | -€28,795 | -91.6% |
| Cash at bank and in hand | 54/58 | €31,047 | €2,633 | -€28,413 | -91.5% |
| Deferred charges and accrued income | 490/1 | €382 | - | -€382 | |
| Total equity and liabilities | 10/49 | €678,720 | €596,619 | -€82,101 | -12.1% |
| Equity | 10/15 | €436,773 | €433,873 | -€2,900 | -0.7% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Reserves | 13 | €424,370 | €421,469 | -€2,901 | -0.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €312,776 | €280,106 | -€32,670 | -10.4% |
| Distributable reserves | 133 | €109,734 | €139,504 | +€29,769 | +27.1% |
| Profit (loss) carried forward | 14 | - | €1 | +€1 | |
| Provisions and deferred taxes | 16 | €161,055 | €153,233 | -€7,822 | -4.9% |
| Provisions for liabilities and charges | 160/5 | - | €9,000 | +€9,000 | |
| Other liabilities and charges | 164/5 | - | €9,000 | +€9,000 | |
| Deferred taxes | 168 | €161,055 | €144,233 | -€16,822 | -10.4% |
| Amounts payable | 17/49 | €80,892 | €9,513 | -€71,379 | -88.2% |
| Amounts payable within one year | 42/48 | €80,892 | €9,513 | -€71,379 | -88.2% |
| Current portion of amounts payable after more than one year | 42 | €39,375 | - | -€39,375 | |
| Trade debts | 44 | €9,000 | - | -€9,000 | |
| Suppliers | 440/4 | €9,000 | - | -€9,000 | |
| Taxes, remuneration and social security | 45 | €4,599 | €8,937 | +€4,338 | +94.3% |
| Taxes | 450/3 | €4,599 | €8,937 | +€4,338 | +94.3% |
| Other amounts payable | 47/48 | €27,917 | €576 | -€27,341 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,774 | €53,306 | -€8,469 | -13.7% |
| Other operating charges | 640/8 | €10,163 | €8,420 | -€1,744 | -17.2% |
| Gross operating margin | 9900 | €50,746 | €56,741 | +€5,995 | +11.8% |
| Operating profit (loss) | 9901 | -€21,192 | -€4,985 | +€16,207 | +76.5% |
| Financial charges | 65/66B | €1,380 | €671 | -€710 | -51.4% |
| Recurring financial charges | 65 | €1,380 | €671 | -€710 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,572 | -€5,655 | +€16,917 | +74.9% |
| Transfer from deferred taxes | 780 | €16,822 | €16,822 | = | 0.0% |
| Income taxes | 67/77 | €3,160 | €14,067 | +€10,907 | +345.1% |
| Profit (loss) for the period | 9904 | -€8,910 | -€2,900 | +€6,010 | +67.5% |
| Transfer from tax-exempt reserves | 789 | €32,670 | €32,670 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,760 | €29,770 | +€6,010 | +25.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.