LNS: 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.
LNS
Largest movements
- Receivables after one year +€95,413
up €95,413 (+10.1%), from €942,328 to €1.0m
- Receivables within one year -€66,073
down €66,073 (-4.9%), from €1.4m to €1.3m
of which Other amounts receivable: -€145,164
- Intangible fixed assets -€49,509
down €49,509 (-92.0%), from €53,809 to €4,300
- Tangible fixed assets -€32,082
down €32,082 (-17.9%), from €178,996 to €146,914
of which Land and buildings: -€27,820
- Current portion of long-term debt +€125,061
up €125,061 (+173.2%), from €72,222 to €197,283
- Debts after one year -€46,884
down €46,884 (-9.3%), from €501,858 to €454,974
of which Other amounts payable: -€75,000
- Trade debts -€43,344
down €43,344 (-3.8%), from €1.2m to €1.1m
- Reserves -€43,139
down €43,139 (-7.6%), from €568,141 to €525,002
- Staff costs +€292,905
up €292,905 (+28.2%), from €1.0m to €1.3m
- Gross operating margin +€134,252
up €134,252 (+9.9%), from €1.4m to €1.5m
- Taxes -€60,440
down €60,440 (-77.6%), from €77,902 to €17,462
- Depreciation -€39,330
down €39,330 (-27.5%), from €143,063 to €103,733
- Financial charges +€21,103
up €21,103 (+28.1%), from €75,207 to €96,310
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 | €3,192,376 | €3,120,585 | -€71,791 | -2.2% |
| Fixed assets | 21/28 | €234,630 | €154,239 | -€80,391 | -34.3% |
| Intangible fixed assets | 21 | €53,809 | €4,300 | -€49,509 | -92.0% |
| Tangible fixed assets | 22/27 | €178,996 | €146,914 | -€32,082 | -17.9% |
| Land and buildings | 22 | €118,792 | €90,972 | -€27,820 | -23.4% |
| Plant, machinery and equipment | 23 | €15,937 | €13,035 | -€2,902 | -18.2% |
| Furniture and vehicles | 24 | €44,267 | €42,906 | -€1,361 | -3.1% |
| Financial fixed assets | 28 | €1,825 | €3,025 | +€1,200 | +65.8% |
| Current assets | 29/58 | €2,957,746 | €2,966,347 | +€8,600 | +0.3% |
| Amounts receivable after more than one year | 29 | €942,328 | €1,037,741 | +€95,413 | +10.1% |
| Other amounts receivable | 291 | €942,328 | €1,037,741 | +€95,413 | +10.1% |
| Stocks and contracts in progress | 3 | €272,646 | €278,601 | +€5,955 | +2.2% |
| Stocks | 30/36 | €272,646 | €278,601 | +€5,955 | +2.2% |
| Amounts receivable within one year | 40/41 | €1,361,390 | €1,295,317 | -€66,073 | -4.9% |
| Trade receivables | 40 | €1,192,001 | €1,271,092 | +€79,091 | +6.6% |
| Other amounts receivable | 41 | €169,389 | €24,225 | -€145,164 | -85.7% |
| Cash at bank and in hand | 54/58 | €276,094 | €270,144 | -€5,951 | -2.2% |
| Deferred charges and accrued income | 490/1 | €105,288 | €84,544 | -€20,744 | -19.7% |
| Total equity and liabilities | 10/49 | €3,192,376 | €3,120,585 | -€71,791 | -2.2% |
| Equity | 10/15 | €873,141 | €801,450 | -€71,691 | -8.2% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Reserves | 13 | €568,141 | €525,002 | -€43,139 | -7.6% |
| Distributable reserves | 133 | €568,141 | €525,002 | -€43,139 | -7.6% |
| Profit (loss) carried forward | 14 | - | -€28,552 | -€28,552 | |
| Amounts payable | 17/49 | €2,319,235 | €2,319,135 | -€100 | 0.0% |
| Amounts payable after more than one year | 17 | €501,858 | €454,974 | -€46,884 | -9.3% |
| Financial debts | 170/4 | €51,858 | €79,974 | +€28,116 | +54.2% |
| Other amounts payable | 178/9 | €450,000 | €375,000 | -€75,000 | -16.7% |
| Amounts payable within one year | 42/48 | €1,817,376 | €1,864,160 | +€46,784 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €72,222 | €197,283 | +€125,061 | +173.2% |
| Financial debts | 43 | €470,000 | €450,000 | -€20,000 | -4.3% |
| Credit institutions | 430/8 | €470,000 | €450,000 | -€20,000 | -4.3% |
| Trade debts | 44 | €1,154,716 | €1,111,372 | -€43,344 | -3.8% |
| Suppliers | 440/4 | €1,154,716 | €1,111,372 | -€43,344 | -3.8% |
| Taxes, remuneration and social security | 45 | €94,666 | €105,401 | +€10,736 | +11.3% |
| Taxes | 450/3 | €45,292 | €36,526 | -€8,766 | -19.4% |
| Remuneration and social security | 454/9 | €49,373 | €68,875 | +€19,502 | +39.5% |
| Other amounts payable | 47/48 | €25,772 | €104 | -€25,669 | -99.6% |
| Remuneration, social security and pensions | 62 | €1,037,779 | €1,330,683 | +€292,905 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,063 | €103,733 | -€39,330 | -27.5% |
| Other operating charges | 640/8 | €26,576 | €8,740 | -€17,836 | -67.1% |
| Non-recurring operating charges | 66A | €0 | €3,133 | +€3,133 | |
| Gross operating margin | 9900 | €1,353,581 | €1,487,833 | +€134,252 | +9.9% |
| Operating profit (loss) | 9901 | €146,164 | €41,543 | -€104,621 | -71.6% |
| Financial income | 75/76B | €50,170 | €43,676 | -€6,494 | -12.9% |
| Recurring financial income | 75 | €50,170 | €43,676 | -€6,494 | -12.9% |
| Financial charges | 65/66B | €75,207 | €96,310 | +€21,103 | +28.1% |
| Recurring financial charges | 65 | €75,207 | €96,310 | +€21,103 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €121,128 | -€11,090 | -€132,218 | |
| Income taxes | 67/77 | €77,902 | €17,462 | -€60,440 | -77.6% |
| Profit (loss) for the period | 9904 | €43,226 | -€28,552 | -€71,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,226 | -€28,552 | -€71,777 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.