LKS Group: 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.
LKS Group
Largest movements
- Receivables within one year +€94,418
up €94,418 (+111.2%), from €84,919 to €179,337
of which Trade receivables: +€105,594
- Tangible fixed assets -€59,239
down €59,239 (-10.7%), from €551,616 to €492,377
of which Land and buildings: -€47,562
- Cash +€35,186
up €35,186 (+199.2%), from €17,665 to €52,851
mainly Net result for the year (+€111,253) and Other debts (+€63,476)
- Debts after one year -€74,273
down €74,273 (-15.7%), from €474,513 to €400,240
- Other debts +€63,476
up €63,476 (+38.5%), from €164,928 to €228,403
- Profit (loss) carried forward +€50,253
up €50,253 (+49.3%), from €101,839 to €152,092
- Accrued charges and deferred income +€19,313
up €19,313, from €0 to €19,313
- Trade debts +€17,918
up €17,918 (+31.2%), from €57,513 to €75,431
- Gross operating margin +€64,689
up €64,689 (+28.1%), from €230,194 to €294,883
- Financial income +€26,260
up €26,260 (+314.5%), from €8,351 to €34,611
- Staff costs -€10,422
down €10,422 (-7.5%), from €138,717 to €128,295
- Taxes +€4,617
up €4,617 (+140.1%), from €3,295 to €7,911
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 | €929,049 | €1,006,096 | +€77,047 | +8.3% |
| Fixed assets | 21/28 | €819,731 | €760,492 | -€59,239 | -7.2% |
| Tangible fixed assets | 22/27 | €551,616 | €492,377 | -€59,239 | -10.7% |
| Land and buildings | 22 | €514,867 | €467,305 | -€47,562 | -9.2% |
| Plant, machinery and equipment | 23 | €9,905 | €8,824 | -€1,081 | -10.9% |
| Furniture and vehicles | 24 | €12,744 | €3,701 | -€9,042 | -71.0% |
| Other tangible fixed assets | 26 | €14,101 | €12,547 | -€1,554 | -11.0% |
| Financial fixed assets | 28 | €268,115 | €268,115 | = | 0.0% |
| Current assets | 29/58 | €109,318 | €245,604 | +€136,286 | +124.7% |
| Amounts receivable within one year | 40/41 | €84,919 | €179,337 | +€94,418 | +111.2% |
| Trade receivables | 40 | €72,936 | €178,530 | +€105,594 | +144.8% |
| Other amounts receivable | 41 | €11,982 | €806 | -€11,176 | -93.3% |
| Cash at bank and in hand | 54/58 | €17,665 | €52,851 | +€35,186 | +199.2% |
| Deferred charges and accrued income | 490/1 | €6,734 | €13,416 | +€6,682 | +99.2% |
| Total equity and liabilities | 10/49 | €929,049 | €1,006,096 | +€77,047 | +8.3% |
| Equity | 10/15 | €134,125 | €183,767 | +€49,642 | +37.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,839 | €152,092 | +€50,253 | +49.3% |
| Investment grants | 15 | €10,286 | €9,675 | -€611 | -5.9% |
| Amounts payable | 17/49 | €794,924 | €822,329 | +€27,405 | +3.4% |
| Amounts payable after more than one year | 17 | €474,513 | €400,240 | -€74,273 | -15.7% |
| Financial debts | 170/4 | €474,513 | €400,240 | -€74,273 | -15.7% |
| Amounts payable within one year | 42/48 | €320,411 | €402,777 | +€82,366 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €72,696 | €74,273 | +€1,578 | +2.2% |
| Trade debts | 44 | €57,513 | €75,431 | +€17,918 | +31.2% |
| Suppliers | 440/4 | €57,513 | €75,431 | +€17,918 | +31.2% |
| Taxes, remuneration and social security | 45 | €25,275 | €24,669 | -€606 | -2.4% |
| Taxes | 450/3 | €10,263 | €11,856 | +€1,592 | +15.5% |
| Remuneration and social security | 454/9 | €15,012 | €12,813 | -€2,198 | -14.6% |
| Other amounts payable | 47/48 | €164,928 | €228,403 | +€63,476 | +38.5% |
| Accrued charges and deferred income | 492/3 | €0 | €19,313 | +€19,313 | |
| Remuneration, social security and pensions | 62 | €138,717 | €128,295 | -€10,422 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,633 | €62,567 | -€66 | -0.1% |
| Other operating charges | 640/8 | €7,760 | €8,097 | +€337 | +4.3% |
| Gross operating margin | 9900 | €230,194 | €294,883 | +€64,689 | +28.1% |
| Operating profit (loss) | 9901 | €21,084 | €95,923 | +€74,840 | +355.0% |
| Financial income | 75/76B | €8,351 | €34,611 | +€26,260 | +314.5% |
| Recurring financial income | 75 | €8,351 | €34,611 | +€26,260 | +314.5% |
| Financial charges | 65/66B | €12,395 | €11,370 | -€1,025 | -8.3% |
| Recurring financial charges | 65 | €12,395 | €11,370 | -€1,025 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €17,040 | €119,164 | +€102,124 | +599.3% |
| Income taxes | 67/77 | €3,295 | €7,911 | +€4,617 | +140.1% |
| Profit (loss) for the period | 9904 | €13,745 | €111,253 | +€97,508 | +709.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,745 | €111,253 | +€97,508 | +709.4% |
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 5 October 2026 via checked.be.