LNS PROJECT: 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.
LNS PROJECT
Largest movements
- Tangible fixed assets -€19,356
down €19,356 (-7.6%), from €254,936 to €235,580
of which Land and buildings: -€16,970
- Current investments +€10,762
up €10,762 (+2.8%), from €380,000 to €390,762
- Cash +€9,680
up €9,680 (+18.4%), from €52,642 to €62,322
mainly Depreciation (+€19,356) and Accrued charges and deferred income (+€9,725)
- Other debts -€13,950
down €13,950 (-6.9%), from €202,767 to €188,817
- Accrued charges and deferred income +€9,725
up €9,725 (+37.6%), from €25,840 to €35,565
- Financial charges -€2,084
down €2,084 (-12.7%), from €16,470 to €14,386
- Turnover +€1,098
up €1,098 (+3.3%), from €32,832 to €33,930
- Financial income -€1,023
down €1,023 (-6.0%), from €16,934 to €15,911
of which Non-recurring financial income: -€14,528
- Gross operating margin +€721
up €721 (+3.2%), from €22,703 to €23,424
- Purchases and services +€377
up €377 (+3.7%), from €10,129 to €10,506
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 | €705,954 | €707,709 | +€1,755 | +0.2% |
| Fixed assets | 21/28 | €254,936 | €235,580 | -€19,356 | -7.6% |
| Tangible fixed assets | 22/27 | €254,936 | €235,580 | -€19,356 | -7.6% |
| Land and buildings | 22 | €237,850 | €220,880 | -€16,970 | -7.1% |
| Plant, machinery and equipment | 23 | €17,086 | €14,700 | -€2,386 | -14.0% |
| Current assets | 29/58 | €451,018 | €472,129 | +€21,111 | +4.7% |
| Amounts receivable within one year | 40/41 | €16,339 | €13,812 | -€2,527 | -15.5% |
| Other amounts receivable | 41 | €16,339 | €13,812 | -€2,527 | -15.5% |
| Current investments | 50/53 | €380,000 | €390,762 | +€10,762 | +2.8% |
| Cash at bank and in hand | 54/58 | €52,642 | €62,322 | +€9,680 | +18.4% |
| Deferred charges and accrued income | 490/1 | €2,037 | €5,233 | +€3,196 | +156.9% |
| Total equity and liabilities | 10/49 | €705,954 | €707,709 | +€1,755 | +0.2% |
| Equity | 10/15 | €455,737 | €457,745 | +€2,008 | +0.4% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Capital | 10 | €212,000 | €212,000 | = | 0.0% |
| Issued capital | 100 | €212,000 | €212,000 | = | 0.0% |
| Reserves | 13 | €21,200 | €21,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,200 | €21,200 | = | 0.0% |
| Legal reserve | 130 | €21,200 | €21,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,537 | €224,545 | +€2,008 | +0.9% |
| Amounts payable | 17/49 | €250,217 | €249,964 | -€253 | -0.1% |
| Amounts payable within one year | 42/48 | €224,377 | €214,399 | -€9,978 | -4.4% |
| Trade debts | 44 | €10,835 | €10,518 | -€317 | -2.9% |
| Suppliers | 440/4 | €10,835 | €10,518 | -€317 | -2.9% |
| Taxes, remuneration and social security | 45 | €10,775 | €15,064 | +€4,289 | +39.8% |
| Taxes | 450/3 | €10,775 | €15,064 | +€4,289 | +39.8% |
| Other amounts payable | 47/48 | €202,767 | €188,817 | -€13,950 | -6.9% |
| Accrued charges and deferred income | 492/3 | €25,840 | €35,565 | +€9,725 | +37.6% |
| Turnover | 70 | €32,832 | €33,930 | +€1,098 | +3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,129 | €10,506 | +€377 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,067 | €19,356 | +€289 | +1.5% |
| Other operating charges | 640/8 | €3,452 | €3,559 | +€107 | +3.1% |
| Gross operating margin | 9900 | €22,703 | €23,424 | +€721 | +3.2% |
| Operating profit (loss) | 9901 | €184 | €509 | +€325 | +176.6% |
| Financial income | 75/76B | €16,934 | €15,911 | -€1,023 | -6.0% |
| Recurring financial income | 75 | €2,406 | €15,911 | +€13,505 | +561.3% |
| Non-recurring financial income | 76B | €14,528 | - | -€14,528 | |
| Financial charges | 65/66B | €16,470 | €14,386 | -€2,084 | -12.7% |
| Recurring financial charges | 65 | €16,470 | €14,386 | -€2,084 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €648 | €2,034 | +€1,386 | +213.9% |
| Income taxes | 67/77 | - | €26 | +€26 | |
| Profit (loss) for the period | 9904 | €648 | €2,008 | +€1,360 | +209.9% |
| Profit (loss) for the period to be appropriated | 9905 | €648 | €2,008 | +€1,360 | +209.9% |
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 7 October 2026 via checked.be.