LRC SAFETY: what changed
What changed
LRC SAFETY
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€29,827
2023 · €33,334-€3,507
Equity
€54,085
2023 · €53,257+€827
Cash
€58,357
2023 · €10,059+€48,298
Balance sheet total
€107,782
2023 · €113,949-€6,167
Largest movements
Assets
- Receivables within one year -€48,880
down €48,880 (-54.3%), from €90,032 to €41,152
of which Trade receivables: -€48,590
- Cash +€48,298
up €48,298 (+480%), from €10,059 to €58,357
mainly Receivables within one year (+€48,880) and Net result for the year (+€29,827)
- Deferred charges and accrued income -€5,631
no longer reported in 2024 (was €5,631)
Equity and liabilities
- Trade debts -€4,255
down €4,255 (-15.4%), from €27,692 to €23,437
- Other debts -€2,740
down €2,740 (-8.3%), from €33,000 to €30,260
Income statement
- Purchases and services -€1.1m
no longer reported in 2024 (was €1.1m)
- Gross operating margin +€10,073
up €10,073 (+3.3%), from €301,572 to €311,644
- Staff costs +€9,028
up €9,028 (+3.4%), from €266,064 to €275,091
- Taxes +€4,648
new in 2024: €4,648
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€33,334
Gross operating margin
+€10,073
Staff costs
-€9,028
Depreciation
-€9
Other operating charges
-€550
Financial charges
+€654
Taxes
-€4,648
Result 2024
€29,827
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€77,618
Investment
-€320
Financing
-€29,000
Cash 2023
€10,059
From operations (derived)
+€77,618
Net result for the year
+€29,827
Depreciation
+€274
Receivables within one year
+€48,880
Deferred charges and accrued income
+€5,631
Trade debts
-€4,255
Other debts
-€2,740
Investment (derived)
-€320
Investment in fixed assets (net)
-€320
Financing
-€29,000
Contributions, distributions and other
-€29,000
Cash 2024
€58,357
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,949 | €107,782 | -€6,167 | -5.4% |
| Fixed assets | 21/28 | €8,227 | €8,273 | +€46 | +0.6% |
| Tangible fixed assets | 22/27 | €348 | €394 | +€46 | +13.2% |
| Furniture and vehicles | 24 | €348 | €394 | +€46 | +13.2% |
| Financial fixed assets | 28 | €7,879 | €7,879 | = | 0.0% |
| Current assets | 29/58 | €105,722 | €99,509 | -€6,213 | -5.9% |
| Amounts receivable within one year | 40/41 | €90,032 | €41,152 | -€48,880 | -54.3% |
| Trade receivables | 40 | €86,840 | €38,250 | -€48,590 | -56.0% |
| Other amounts receivable | 41 | €3,192 | €2,902 | -€290 | -9.1% |
| Cash at bank and in hand | 54/58 | €10,059 | €58,357 | +€48,298 | +480% |
| Deferred charges and accrued income | 490/1 | €5,631 | - | -€5,631 | |
| Total equity and liabilities | 10/49 | €113,949 | €107,782 | -€6,167 | -5.4% |
| Equity | 10/15 | €53,257 | €54,085 | +€827 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,797 | €33,625 | +€827 | +2.5% |
| Amounts payable | 17/49 | €60,692 | €53,697 | -€6,994 | -11.5% |
| Amounts payable within one year | 42/48 | €60,692 | €53,697 | -€6,994 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €27,692 | €23,437 | -€4,255 | -15.4% |
| Suppliers | 440/4 | €27,692 | €23,437 | -€4,255 | -15.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €33,000 | €30,260 | -€2,740 | -8.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,065,029 | - | -€1.1m | |
| Remuneration, social security and pensions | 62 | €266,064 | €275,091 | +€9,028 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €274 | +€9 | +3.5% |
| Other operating charges | 640/8 | €823 | €1,372 | +€550 | +66.8% |
| Gross operating margin | 9900 | €301,572 | €311,644 | +€10,073 | +3.3% |
| Operating profit (loss) | 9901 | €34,421 | €34,907 | +€486 | +1.4% |
| Financial charges | 65/66B | €1,087 | €432 | -€654 | -60.2% |
| Recurring financial charges | 65 | €1,087 | €432 | -€654 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €33,334 | €34,475 | +€1,141 | +3.4% |
| Income taxes | 67/77 | - | €4,648 | +€4,648 | |
| Profit (loss) for the period | 9904 | €33,334 | €29,827 | -€3,507 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,334 | €29,827 | -€3,507 | -10.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.