LRS RETAIL: 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.
LRS RETAIL
Largest movements
- Stocks and contracts -€76,552
no longer reported in 2025 (was €76,552)
- Receivables within one year +€21,795
up €21,795 (+57.5%), from €37,925 to €59,720
of which Trade receivables: +€22,223
- Cash -€2,973
down €2,973 (-60.4%), from €4,925 to €1,952
mainly Short-term financial debts (-€130,000) and Net result for the year (-€60,542)
- Other debts +€186,970
up €186,970 (+30.4%), from €615,648 to €802,618
- Short-term financial debts -€130,000
no longer reported in 2025 (was €130,000)
- Profit (loss) carried forward -€60,542
down €60,542 (-3.1%), from -€2.0m to -€2.0m
- Current portion of long-term debt -€26,919
no longer reported in 2025 (was €26,919)
- Trade debts -€17,949
down €17,949 (-92.9%), from €19,326 to €1,378
- Gross operating margin -€622,987
down €622,987, from €79,675 to -€543,312
- Write-downs -€603,773
down €603,773, from €112,053 to -€491,720
- Staff costs -€131,080
down €131,080 (-99.4%), from €131,849 to €769
- Depreciation -€60,711
no longer reported in 2025 (was €60,711)
- Financial charges -€13,467
down €13,467 (-64.3%), from €20,948 to €7,482
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 | €119,883 | €61,672 | -€58,211 | -48.6% |
| Current assets | 29/58 | €119,883 | €61,672 | -€58,211 | -48.6% |
| Stocks and contracts in progress | 3 | €76,552 | - | -€76,552 | |
| Stocks | 30/36 | €76,552 | - | -€76,552 | |
| Amounts receivable within one year | 40/41 | €37,925 | €59,720 | +€21,795 | +57.5% |
| Trade receivables | 40 | €37,457 | €59,680 | +€22,223 | +59.3% |
| Other amounts receivable | 41 | €468 | €40 | -€428 | -91.4% |
| Cash at bank and in hand | 54/58 | €4,925 | €1,952 | -€2,973 | -60.4% |
| Deferred charges and accrued income | 490/1 | €481 | - | -€481 | |
| Total equity and liabilities | 10/49 | €119,883 | €61,672 | -€58,211 | -48.6% |
| Equity | 10/15 | -€1,061,782 | -€1,122,324 | -€60,542 | -5.7% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,961,782 | -€2,022,324 | -€60,542 | -3.1% |
| Amounts payable | 17/49 | €1,181,666 | €1,183,996 | +€2,330 | +0.2% |
| Amounts payable after more than one year | 17 | €380,000 | €380,000 | = | 0.0% |
| Other amounts payable | 178/9 | €380,000 | €380,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €801,666 | €803,996 | +€2,330 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €26,919 | - | -€26,919 | |
| Financial debts | 43 | €130,000 | - | -€130,000 | |
| Credit institutions | 430/8 | €130,000 | - | -€130,000 | |
| Trade debts | 44 | €19,326 | €1,378 | -€17,949 | -92.9% |
| Suppliers | 440/4 | €19,326 | €1,378 | -€17,949 | -92.9% |
| Taxes, remuneration and social security | 45 | €9,772 | - | -€9,772 | |
| Taxes | 450/3 | €9,447 | - | -€9,447 | |
| Remuneration and social security | 454/9 | €325 | - | -€325 | |
| Other amounts payable | 47/48 | €615,648 | €802,618 | +€186,970 | +30.4% |
| Non-recurring operating income | 76A | €18,679 | - | -€18,679 | |
| Remuneration, social security and pensions | 62 | €131,849 | €769 | -€131,080 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,711 | - | -€60,711 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €112,053 | -€491,720 | -€603,773 | |
| Other operating charges | 640/8 | €1,031 | €699 | -€332 | -32.2% |
| Non-recurring operating charges | 66A | €67,797 | - | -€67,797 | |
| Gross operating margin | 9900 | €79,675 | -€543,312 | -€622,987 | |
| Operating profit (loss) | 9901 | -€293,767 | -€53,060 | +€240,707 | +81.9% |
| Financial charges | 65/66B | €20,948 | €7,482 | -€13,467 | -64.3% |
| Recurring financial charges | 65 | €20,948 | €7,482 | -€13,467 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | -€314,715 | -€60,542 | +€254,174 | +80.8% |
| Profit (loss) for the period | 9904 | -€314,715 | -€60,542 | +€254,174 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€314,715 | -€60,542 | +€254,174 | +80.8% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.