LS CARRELAGES: 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 CARRELAGES
Largest movements
- Tangible fixed assets +€17,400
new in 2025: €17,400
of which Furniture and vehicles: +€17,000
- Receivables within one year -€15,510
down €15,510 (-51.5%), from €30,095 to €14,585
of which Other amounts receivable: -€26,490
- Cash -€1,289
down €1,289 (-9.2%), from €14,041 to €12,751
mainly Investment in fixed assets (net) (-€25,738) and Debts after one year (-€4,585)
- Deferred charges and accrued income -€1,229
no longer reported in 2025 (was €1,229)
- Tax, wage and social debts +€5,331
up €5,331 (+293%), from €1,818 to €7,148
of which Taxes: +€5,169
- Debts after one year -€4,585
down €4,585 (-24.5%), from €18,725 to €14,140
- Trade debts -€3,215
no longer reported in 2025 (was €3,215)
- Reserves +€1,803
up €1,803 (+51.1%), from €3,527 to €5,330
- Other debts -€595
down €595 (-7.3%), from €8,129 to €7,533
- Gross operating margin +€16,845
up €16,845 (+142%), from €11,822 to €28,667
- Staff costs +€9,076
up €9,076 (+148%), from €6,141 to €15,217
- Depreciation +€8,701
new in 2025: €8,701
- Financial charges +€1,113
up €1,113 (+250%), from €445 to €1,558
of which Financial charges: +€893
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 | €45,728 | €44,736 | -€992 | -2.2% |
| Fixed assets | 21/28 | €363 | €17,400 | +€17,037 | +4,693% |
| Tangible fixed assets | 22/27 | - | €17,400 | +€17,400 | |
| Plant, machinery and equipment | 23 | - | €400 | +€400 | |
| Furniture and vehicles | 24 | - | €17,000 | +€17,000 | |
| Financial fixed assets | 28 | €363 | - | -€363 | |
| Current assets | 29/58 | €45,365 | €27,336 | -€18,029 | -39.7% |
| Amounts receivable within one year | 40/41 | €30,095 | €14,585 | -€15,510 | -51.5% |
| Trade receivables | 40 | €3,605 | €14,585 | +€10,980 | +305% |
| Other amounts receivable | 41 | €26,490 | - | -€26,490 | |
| Cash at bank and in hand | 54/58 | €14,041 | €12,751 | -€1,289 | -9.2% |
| Deferred charges and accrued income | 490/1 | €1,229 | - | -€1,229 | |
| Total equity and liabilities | 10/49 | €45,728 | €44,736 | -€992 | -2.2% |
| Equity | 10/15 | €9,527 | €11,330 | +€1,803 | +18.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €3,527 | €5,330 | +€1,803 | +51.1% |
| Distributable reserves | 133 | €3,527 | €5,330 | +€1,803 | +51.1% |
| Amounts payable | 17/49 | €36,201 | €33,406 | -€2,795 | -7.7% |
| Amounts payable after more than one year | 17 | €18,725 | €14,140 | -€4,585 | -24.5% |
| Financial debts | 170/4 | €18,725 | €14,140 | -€4,585 | -24.5% |
| Amounts payable within one year | 42/48 | €17,477 | €19,267 | +€1,790 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €4,315 | €4,585 | +€270 | +6.3% |
| Trade debts | 44 | €3,215 | - | -€3,215 | |
| Suppliers | 440/4 | €3,215 | - | -€3,215 | |
| Taxes, remuneration and social security | 45 | €1,818 | €7,148 | +€5,331 | +293% |
| Taxes | 450/3 | €1,314 | €6,483 | +€5,169 | +393% |
| Remuneration and social security | 454/9 | €504 | €666 | +€162 | +32.1% |
| Other amounts payable | 47/48 | €8,129 | €7,533 | -€595 | -7.3% |
| Remuneration, social security and pensions | 62 | €6,141 | €15,217 | +€9,076 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,701 | +€8,701 | |
| Other operating charges | 640/8 | €149 | - | -€149 | |
| Non-recurring operating charges | 66A | €246 | €0 | -€246 | -100.0% |
| Gross operating margin | 9900 | €11,822 | €28,667 | +€16,845 | +142% |
| Operating profit (loss) | 9901 | €5,285 | €4,749 | -€537 | -10.2% |
| Financial charges | 65/66B | €445 | €1,558 | +€1,113 | +250% |
| Recurring financial charges | 65 | €445 | €1,337 | +€893 | +201% |
| Non-recurring financial charges | 66B | - | €220 | +€220 | |
| Profit (loss) for the period before taxes | 9903 | €4,841 | €3,191 | -€1,650 | -34.1% |
| Income taxes | 67/77 | €1,314 | €1,388 | +€74 | +5.6% |
| Profit (loss) for the period | 9904 | €3,527 | €1,803 | -€1,724 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,527 | €1,803 | -€1,724 | -48.9% |
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 15 October 2026 via checked.be.