LRC: 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.
LRC
Largest movements
- Cash -€284,487
down €284,487 (-94.0%), from €302,547 to €18,060
mainly Other debts (-€260,411) and Debts after one year (-€15,817)
- Receivables within one year +€10,991
up €10,991 (+3.0%), from €371,674 to €382,666
of which Trade receivables: +€6,731
- Other debts -€260,411
down €260,411 (-64.3%), from €404,702 to €144,291
- Debts after one year -€15,817
down €15,817 (-51.5%), from €30,727 to €14,910
- Trade debts -€12,131
down €12,131 (-12.9%), from €94,043 to €81,912
- Profit (loss) carried forward +€8,793
up €8,793 (+6.2%), from €142,715 to €151,507
- Gross operating margin +€11,084
up €11,084 (+13.0%), from €85,467 to €96,551
- Staff costs +€7,552
up €7,552 (+12.6%), from €59,983 to €67,536
- Depreciation +€1,536
up €1,536 (+12.4%), from €12,383 to €13,919
- Taxes +€1,426
up €1,426 (+64.1%), from €2,224 to €3,649
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €748,478 | €472,853 | -€275,625 | -36.8% |
| Fixed assets | 21/28 | €72,222 | €70,217 | -€2,005 | -2.8% |
| Tangible fixed assets | 22/27 | €72,222 | €70,217 | -€2,005 | -2.8% |
| Plant, machinery and equipment | 23 | €56,719 | €47,952 | -€8,767 | -15.5% |
| Furniture and vehicles | 24 | €15,503 | €22,265 | +€6,762 | +43.6% |
| Current assets | 29/58 | €676,256 | €402,636 | -€273,620 | -40.5% |
| Amounts receivable within one year | 40/41 | €371,674 | €382,666 | +€10,991 | +3.0% |
| Trade receivables | 40 | €339,340 | €346,071 | +€6,731 | +2.0% |
| Other amounts receivable | 41 | €32,334 | €36,595 | +€4,261 | +13.2% |
| Cash at bank and in hand | 54/58 | €302,547 | €18,060 | -€284,487 | -94.0% |
| Deferred charges and accrued income | 490/1 | €2,034 | €1,910 | -€124 | -6.1% |
| Total equity and liabilities | 10/49 | €748,478 | €472,853 | -€275,625 | -36.8% |
| Equity | 10/15 | €195,208 | €204,001 | +€8,793 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,293 | €46,293 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,673 | €1,673 | = | 0.0% |
| Distributable reserves | 133 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,715 | €151,507 | +€8,793 | +6.2% |
| Amounts payable | 17/49 | €553,270 | €268,853 | -€284,418 | -51.4% |
| Amounts payable after more than one year | 17 | €30,727 | €14,910 | -€15,817 | -51.5% |
| Financial debts | 170/4 | €30,727 | €14,910 | -€15,817 | -51.5% |
| Amounts payable within one year | 42/48 | €522,543 | €253,930 | -€268,613 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €17,316 | €15,817 | -€1,499 | -8.7% |
| Trade debts | 44 | €94,043 | €81,912 | -€12,131 | -12.9% |
| Suppliers | 440/4 | €94,043 | €81,912 | -€12,131 | -12.9% |
| Taxes, remuneration and social security | 45 | €6,482 | €11,910 | +€5,428 | +83.7% |
| Taxes | 450/3 | €2,235 | €3,649 | +€1,414 | +63.3% |
| Remuneration and social security | 454/9 | €4,247 | €8,261 | +€4,014 | +94.5% |
| Other amounts payable | 47/48 | €404,702 | €144,291 | -€260,411 | -64.3% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Remuneration, social security and pensions | 62 | €59,983 | €67,536 | +€7,552 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,383 | €13,919 | +€1,536 | +12.4% |
| Other operating charges | 640/8 | €552 | €878 | +€326 | +59.1% |
| Gross operating margin | 9900 | €85,467 | €96,551 | +€11,084 | +13.0% |
| Operating profit (loss) | 9901 | €12,549 | €14,218 | +€1,669 | +13.3% |
| Financial income | 75/76B | €47 | €400 | +€353 | +751.6% |
| Recurring financial income | 75 | €47 | €400 | +€353 | +751.6% |
| Financial charges | 65/66B | €3,110 | €2,176 | -€933 | -30.0% |
| Recurring financial charges | 65 | €3,110 | €2,176 | -€933 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €9,486 | €12,442 | +€2,955 | +31.2% |
| Income taxes | 67/77 | €2,224 | €3,649 | +€1,426 | +64.1% |
| Profit (loss) for the period | 9904 | €7,263 | €8,793 | +€1,530 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,263 | €8,793 | +€1,530 | +21.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.