LS AUTOMOBILES: 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.
LS AUTOMOBILES
Largest movements
- Stocks and contracts +€160,504
up €160,504 (+44.3%), from €362,121 to €522,626
- Cash +€41,910
up €41,910 (+1,041%), from €4,027 to €45,937
mainly Trade debts (+€92,045) and Net result for the year (+€81,385)
- Trade debts +€92,045
up €92,045 (+200%), from €46,013 to €138,059
- Profit (loss) carried forward +€81,385
up €81,385 (+35.0%), from €232,688 to €314,073
- Other debts +€75,534
new in 2025: €75,534
- Current portion of long-term debt -€22,288
down €22,288 (-28.7%), from €77,714 to €55,426
- Debts after one year -€20,426
down €20,426 (-7.6%), from €267,730 to €247,304
- Gross operating margin +€93,613
up €93,613 (+213%), from €43,891 to €137,504
- Taxes +€20,664
up €20,664, from -€224 to €20,440
- Other operating charges +€5,463
up €5,463 (+833%), from €656 to €6,119
- Financial charges +€2,235
up €2,235 (+14.0%), from €15,952 to €18,187
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 | €646,874 | €850,099 | +€203,225 | +31.4% |
| Fixed assets | 21/28 | €124,025 | €117,080 | -€6,945 | -5.6% |
| Tangible fixed assets | 22/27 | €123,850 | €116,905 | -€6,945 | -5.6% |
| Land and buildings | 22 | €120,621 | €111,311 | -€9,310 | -7.7% |
| Furniture and vehicles | 24 | €3,228 | €5,594 | +€2,365 | +73.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €522,849 | €733,019 | +€210,170 | +40.2% |
| Stocks and contracts in progress | 3 | €362,121 | €522,626 | +€160,504 | +44.3% |
| Stocks | 30/36 | €362,121 | €522,626 | +€160,504 | +44.3% |
| Amounts receivable within one year | 40/41 | €156,701 | €164,457 | +€7,756 | +4.9% |
| Trade receivables | 40 | €62,050 | €107,798 | +€45,748 | +73.7% |
| Other amounts receivable | 41 | €94,651 | €56,659 | -€37,992 | -40.1% |
| Cash at bank and in hand | 54/58 | €4,027 | €45,937 | +€41,910 | +1,041% |
| Total equity and liabilities | 10/49 | €646,874 | €850,099 | +€203,225 | +31.4% |
| Equity | 10/15 | €251,424 | €332,809 | +€81,385 | +32.4% |
| Reserves | 13 | €18,736 | €18,736 | = | 0.0% |
| Distributable reserves | 133 | €18,736 | €18,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,688 | €314,073 | +€81,385 | +35.0% |
| Amounts payable | 17/49 | €395,450 | €517,289 | +€121,839 | +30.8% |
| Amounts payable after more than one year | 17 | €267,730 | €247,304 | -€20,426 | -7.6% |
| Financial debts | 170/4 | €267,730 | €247,304 | -€20,426 | -7.6% |
| Amounts payable within one year | 42/48 | €127,720 | €269,985 | +€142,265 | +111% |
| Current portion of amounts payable after more than one year | 42 | €77,714 | €55,426 | -€22,288 | -28.7% |
| Trade debts | 44 | €46,013 | €138,059 | +€92,045 | +200% |
| Suppliers | 440/4 | €46,013 | €138,059 | +€92,045 | +200% |
| Taxes, remuneration and social security | 45 | €3,993 | €967 | -€3,025 | -75.8% |
| Taxes | 450/3 | €3,993 | €751 | -€3,241 | -81.2% |
| Remuneration and social security | 454/9 | - | €216 | +€216 | |
| Other amounts payable | 47/48 | - | €75,534 | +€75,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,012 | €11,374 | +€362 | +3.3% |
| Other operating charges | 640/8 | €656 | €6,119 | +€5,463 | +833% |
| Gross operating margin | 9900 | €43,891 | €137,504 | +€93,613 | +213% |
| Operating profit (loss) | 9901 | €32,224 | €120,011 | +€87,787 | +272% |
| Financial income | 75/76B | €779 | €1 | -€778 | -99.8% |
| Recurring financial income | 75 | €779 | €1 | -€778 | -99.8% |
| Financial charges | 65/66B | €15,952 | €18,187 | +€2,235 | +14.0% |
| Recurring financial charges | 65 | €15,952 | €18,187 | +€2,235 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €17,051 | €101,825 | +€84,774 | +497% |
| Income taxes | 67/77 | -€224 | €20,440 | +€20,664 | |
| Profit (loss) for the period | 9904 | €17,275 | €81,385 | +€64,110 | +371% |
| Profit (loss) for the period to be appropriated | 9905 | €17,275 | €81,385 | +€64,110 | +371% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.