LKST: 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.
LKST
Largest movements
- Current investments -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Tangible fixed assets -€57,267
down €57,267 (-2.4%), from €2.4m to €2.4m
of which Land and buildings: -€57,267
- Debts after one year -€150,000
down €150,000 (-6.0%), from €2.5m to €2.4m
- Depreciation +€28,925
up €28,925 (+102.1%), from €28,342 to €57,267
- Financial charges -€19,544
down €19,544 (-44.5%), from €43,901 to €24,357
- Gross operating margin +€15,809
up €15,809 (+20.7%), from €76,523 to €92,332
- Taxes +€1,597
up €1,597 (+9540.8%), from €17 to €1,614
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 | €2,525,670 | €2,387,929 | -€137,742 | -5.5% |
| Fixed assets | 21/28 | €2,436,516 | €2,379,249 | -€57,267 | -2.4% |
| Tangible fixed assets | 22/27 | €2,436,516 | €2,379,249 | -€57,267 | -2.4% |
| Land and buildings | 22 | €2,436,516 | €2,379,249 | -€57,267 | -2.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €89,155 | €8,679 | -€80,475 | -90.3% |
| Amounts receivable within one year | 40/41 | €930 | €28 | -€902 | -97.0% |
| Trade receivables | 40 | €798 | €28 | -€770 | -96.5% |
| Other amounts receivable | 41 | €132 | €0 | -€132 | -100.0% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,545 | €7,776 | -€4,768 | -38.0% |
| Deferred charges and accrued income | 490/1 | €680 | €875 | +€195 | +28.7% |
| Total equity and liabilities | 10/49 | €2,525,670 | €2,387,929 | -€137,742 | -5.5% |
| Equity | 10/15 | €10,030 | €14,872 | +€4,842 | +48.3% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €1,030 | €1,030 | = | 0.0% |
| Distributable reserves | 133 | €1,030 | €1,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,842 | +€4,842 | |
| Amounts payable | 17/49 | €2,515,640 | €2,373,057 | -€142,583 | -5.7% |
| Amounts payable after more than one year | 17 | €2,500,000 | €2,350,000 | -€150,000 | -6.0% |
| Financial debts | 170/4 | €2,500,000 | €2,350,000 | -€150,000 | -6.0% |
| Amounts payable within one year | 42/48 | €0 | €1,528 | +€1,528 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €1,528 | +€1,528 | |
| Taxes | 450/3 | €0 | €1,528 | +€1,528 | |
| Accrued charges and deferred income | 492/3 | €15,640 | €21,529 | +€5,889 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,342 | €57,267 | +€28,925 | +102.1% |
| Other operating charges | 640/8 | €4,708 | €4,540 | -€169 | -3.6% |
| Gross operating margin | 9900 | €76,523 | €92,332 | +€15,809 | +20.7% |
| Operating profit (loss) | 9901 | €43,473 | €30,526 | -€12,947 | -29.8% |
| Financial income | 75/76B | €495 | €287 | -€208 | -42.1% |
| Recurring financial income | 75 | €495 | €287 | -€208 | -42.1% |
| Financial charges | 65/66B | €43,901 | €24,357 | -€19,544 | -44.5% |
| Recurring financial charges | 65 | €43,901 | €24,357 | -€19,544 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €67 | €6,455 | +€6,389 | +9540.8% |
| Income taxes | 67/77 | €17 | €1,614 | +€1,597 | +9540.8% |
| Profit (loss) for the period | 9904 | €50 | €4,842 | +€4,791 | +9540.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50 | €4,842 | +€4,791 | +9540.8% |
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 2 October 2026 via checked.be.