LNCN: what changed
Two financial 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.
LNCN
Largest movements
- Receivables within one year -€108,139
down €108,139 (-83.2%), from €129,941 to €21,802
of which Trade receivables: -€119,425
- Cash -€11,522
no longer reported in 2025 (was €11,522)
mainly Net result for the year (-€129,281) and Tax, wage and social debts (-€33,715)
- Tangible fixed assets -€7,979
down €7,979 (-74.6%), from €10,698 to €2,719
- Reserves -€77,627
no longer reported in 2025 (was €77,627)
- Profit (loss) carried forward -€51,654
down €51,654, from €0 to -€51,654
- Tax, wage and social debts -€33,715
down €33,715 (-66.5%), from €50,669 to €16,954
- Short-term financial debts +€26,330
new in 2025: €26,330
- Other debts -€22,000
no longer reported in 2025 (was €22,000)
- Gross operating margin -€218,403
down €218,403, from €136,085 to -€82,318
- Taxes -€30,375
down €30,375 (-99.3%), from €30,590 to €215
- Depreciation -€2,145
down €2,145 (-54.0%), from €3,974 to €1,829
- Other operating charges -€1,362
down €1,362 (-63.5%), from €2,145 to €782
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.
Derived cash bridge
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 | €156,312 | €27,494 | -€128,818 | -82.4% |
| Fixed assets | 21/28 | €10,698 | €2,719 | -€7,979 | -74.6% |
| Tangible fixed assets | 22/27 | €10,698 | €2,719 | -€7,979 | -74.6% |
| Furniture and vehicles | 24 | €10,698 | €2,719 | -€7,979 | -74.6% |
| Current assets | 29/58 | €145,614 | €24,776 | -€120,839 | -83.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €129,941 | €21,802 | -€108,139 | -83.2% |
| Trade receivables | 40 | €123,658 | €4,233 | -€119,425 | -96.6% |
| Other amounts receivable | 41 | €6,283 | €17,569 | +€11,286 | +180% |
| Cash at bank and in hand | 54/58 | €11,522 | - | -€11,522 | |
| Deferred charges and accrued income | 490/1 | €4,151 | €2,974 | -€1,177 | -28.4% |
| Total equity and liabilities | 10/49 | €156,312 | €27,494 | -€128,818 | -82.4% |
| Equity | 10/15 | €79,127 | -€50,154 | -€129,281 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €77,627 | - | -€77,627 | |
| Distributable reserves | 133 | €77,627 | - | -€77,627 | |
| Profit (loss) carried forward | 14 | €0 | -€51,654 | -€51,654 | |
| Amounts payable | 17/49 | €77,185 | €77,648 | +€463 | +0.6% |
| Amounts payable after more than one year | 17 | - | €17,123 | +€17,123 | |
| Financial debts | 170/4 | - | €17,123 | +€17,123 | |
| Amounts payable within one year | 42/48 | €77,185 | €60,194 | -€16,991 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | - | €12,999 | +€12,999 | |
| Financial debts | 43 | - | €26,330 | +€26,330 | |
| Credit institutions | 430/8 | - | €26,330 | +€26,330 | |
| Trade debts | 44 | €4,515 | €3,911 | -€604 | -13.4% |
| Suppliers | 440/4 | €4,515 | €3,911 | -€604 | -13.4% |
| Taxes, remuneration and social security | 45 | €50,669 | €16,954 | -€33,715 | -66.5% |
| Taxes | 450/3 | €50,669 | €16,954 | -€33,715 | -66.5% |
| Other amounts payable | 47/48 | €22,000 | - | -€22,000 | |
| Accrued charges and deferred income | 492/3 | - | €331 | +€331 | |
| Non-recurring operating income | 76A | €57 | - | -€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,974 | €1,829 | -€2,145 | -54.0% |
| Other operating charges | 640/8 | €2,145 | €782 | -€1,362 | -63.5% |
| Non-recurring operating charges | 66A | €0 | €42,844 | +€42,844 | |
| Gross operating margin | 9900 | €136,085 | -€82,318 | -€218,403 | |
| Operating profit (loss) | 9901 | €129,966 | -€127,774 | -€257,740 | |
| Financial income | 75/76B | €1,489 | €747 | -€741 | -49.8% |
| Recurring financial income | 75 | €1,489 | €747 | -€741 | -49.8% |
| Financial charges | 65/66B | €1,238 | €2,040 | +€802 | +64.8% |
| Recurring financial charges | 65 | €1,238 | €2,040 | +€802 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €130,217 | -€129,066 | -€259,283 | |
| Income taxes | 67/77 | €30,590 | €215 | -€30,375 | -99.3% |
| Profit (loss) for the period | 9904 | €99,627 | -€129,281 | -€228,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,627 | -€129,281 | -€228,908 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.