LNC 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.
LNC Management
Largest movements
- Receivables after one year +€93,822
new in 2025: €93,822
- Current investments +€90,075
new in 2025: €90,075
- Tangible fixed assets +€12,344
up €12,344 (+237.4%), from €5,200 to €17,544
of which Land and buildings: +€8,040
- Cash -€3,334
down €3,334 (-5.4%), from €61,360 to €58,026
mainly Receivables after one year (-€93,822) and Current investments (-€90,075)
- Reserves +€201,745
up €201,745 (+388.2%), from €51,965 to €253,710
- Tax, wage and social debts -€4,226
down €4,226 (-38.2%), from €11,065 to €6,840
- Gross operating margin +€199,306
up €199,306 (+292.2%), from €68,217 to €267,523
- Taxes +€49,165
up €49,165 (+362.4%), from €13,565 to €62,730
- Financial income +€2,864
up €2,864 (+511350.0%), from €1 to €2,864
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 | €67,926 | €263,368 | +€195,443 | +287.7% |
| Fixed assets | 21/28 | €5,200 | €17,544 | +€12,344 | +237.4% |
| Tangible fixed assets | 22/27 | €5,200 | €17,544 | +€12,344 | +237.4% |
| Land and buildings | 22 | - | €8,040 | +€8,040 | |
| Furniture and vehicles | 24 | €2,281 | €7,597 | +€5,316 | +233.1% |
| Other tangible fixed assets | 26 | €2,919 | €1,907 | -€1,013 | -34.7% |
| Current assets | 29/58 | €62,725 | €245,824 | +€183,099 | +291.9% |
| Amounts receivable after more than one year | 29 | - | €93,822 | +€93,822 | |
| Other amounts receivable | 291 | - | €93,822 | +€93,822 | |
| Amounts receivable within one year | 40/41 | €539 | €2,704 | +€2,166 | +402.0% |
| Trade receivables | 40 | - | €837 | +€837 | |
| Other amounts receivable | 41 | €539 | €1,867 | +€1,328 | +246.6% |
| Current investments | 50/53 | - | €90,075 | +€90,075 | |
| Cash at bank and in hand | 54/58 | €61,360 | €58,026 | -€3,334 | -5.4% |
| Deferred charges and accrued income | 490/1 | €827 | €1,197 | +€370 | +44.7% |
| Total equity and liabilities | 10/49 | €67,926 | €263,368 | +€195,443 | +287.7% |
| Equity | 10/15 | €53,465 | €255,210 | +€201,745 | +377.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €51,965 | €253,710 | +€201,745 | +388.2% |
| Distributable reserves | 133 | €51,965 | €253,710 | +€201,745 | +388.2% |
| Amounts payable | 17/49 | €14,461 | €8,158 | -€6,302 | -43.6% |
| Amounts payable within one year | 42/48 | €14,461 | €8,004 | -€6,457 | -44.7% |
| Trade debts | 44 | €2,569 | €1,164 | -€1,405 | -54.7% |
| Suppliers | 440/4 | €2,569 | €1,164 | -€1,405 | -54.7% |
| Taxes, remuneration and social security | 45 | €11,065 | €6,840 | -€4,226 | -38.2% |
| Taxes | 450/3 | €11,065 | €6,840 | -€4,226 | -38.2% |
| Other amounts payable | 47/48 | €827 | €0 | -€827 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €155 | +€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,671 | €3,335 | +€664 | +24.9% |
| Other operating charges | 640/8 | - | €257 | +€257 | |
| Gross operating margin | 9900 | €68,217 | €267,523 | +€199,306 | +292.2% |
| Operating profit (loss) | 9901 | €65,546 | €263,932 | +€198,385 | +302.7% |
| Financial income | 75/76B | €1 | €2,864 | +€2,864 | +511350.0% |
| Recurring financial income | 75 | €1 | €2,864 | +€2,864 | +511350.0% |
| Financial charges | 65/66B | €16 | €2,320 | +€2,304 | +14092.2% |
| Recurring financial charges | 65 | €16 | €2,320 | +€2,304 | +14092.2% |
| Profit (loss) for the period before taxes | 9903 | €65,530 | €264,475 | +€198,945 | +303.6% |
| Income taxes | 67/77 | €13,565 | €62,730 | +€49,165 | +362.4% |
| Profit (loss) for the period | 9904 | €51,965 | €201,745 | +€149,780 | +288.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,965 | €201,745 | +€149,780 | +288.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.