LS CONCEPT: 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.
LS CONCEPT
Largest movements
- Receivables within one year -€46,349
down €46,349 (-41.0%), from €113,018 to €66,670
of which Trade receivables: -€24,189
- Stocks and contracts +€34,711
up €34,711 (+162.6%), from €21,344 to €56,055
- Cash -€21,254
down €21,254 (-24.4%), from €87,263 to €66,009
mainly Contributions, distributions and other (-€47,300) and Stocks and contracts (-€34,711)
- Tangible fixed assets -€14,491
down €14,491 (-36.6%), from €39,560 to €25,069
of which Furniture and vehicles: -€11,722
- Deferred charges and accrued income -€2,878
down €2,878 (-56.0%), from €5,139 to €2,262
- Reserves -€33,303
down €33,303 (-17.7%), from €188,366 to €155,064
of which Distributable reserves: -€33,303
- Advances received -€13,775
down €13,775 (-90.2%), from €15,275 to €1,500
- Staff costs +€29,758
up €29,758 (+98.4%), from €30,243 to €60,001
- Gross operating margin -€29,724
down €29,724 (-25.4%), from €116,962 to €87,239
- Taxes -€14,185
down €14,185 (-70.1%), from €20,247 to €6,062
- Depreciation -€11,811
down €11,811 (-70.5%), from €16,743 to €4,932
- Financial income -€4,121
down €4,121 (-85.3%), from €4,831 to €710
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.
Cash bridge derived
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 | €266,325 | €216,064 | -€50,261 | -18.9% |
| Fixed assets | 21/28 | €39,560 | €25,069 | -€14,491 | -36.6% |
| Tangible fixed assets | 22/27 | €39,560 | €25,069 | -€14,491 | -36.6% |
| Furniture and vehicles | 24 | €11,722 | €0 | -€11,722 | -100.0% |
| Other tangible fixed assets | 26 | €27,838 | €25,069 | -€2,770 | -9.9% |
| Current assets | 29/58 | €226,765 | €190,995 | -€35,770 | -15.8% |
| Stocks and contracts in progress | 3 | €21,344 | €56,055 | +€34,711 | +162.6% |
| Stocks | 30/36 | €21,344 | €56,055 | +€34,711 | +162.6% |
| Amounts receivable within one year | 40/41 | €113,018 | €66,670 | -€46,349 | -41.0% |
| Trade receivables | 40 | €69,376 | €45,187 | -€24,189 | -34.9% |
| Other amounts receivable | 41 | €43,642 | €21,483 | -€22,159 | -50.8% |
| Cash at bank and in hand | 54/58 | €87,263 | €66,009 | -€21,254 | -24.4% |
| Deferred charges and accrued income | 490/1 | €5,139 | €2,262 | -€2,878 | -56.0% |
| Total equity and liabilities | 10/49 | €266,325 | €216,064 | -€50,261 | -18.9% |
| Equity | 10/15 | €204,949 | €171,646 | -€33,303 | -16.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €188,366 | €155,064 | -€33,303 | -17.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €188,366 | €155,064 | -€33,303 | -17.7% |
| Profit (loss) carried forward | 14 | €4,183 | €4,183 | = | 0.0% |
| Amounts payable | 17/49 | €61,376 | €44,418 | -€16,958 | -27.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €59,937 | €43,139 | -€16,798 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €1,363 | €0 | -€1,363 | -100.0% |
| Trade debts | 44 | €22,854 | €21,328 | -€1,526 | -6.7% |
| Suppliers | 440/4 | €22,854 | €21,328 | -€1,526 | -6.7% |
| Advances received on contracts in progress | 46 | €15,275 | €1,500 | -€13,775 | -90.2% |
| Taxes, remuneration and social security | 45 | €20,445 | €20,311 | -€135 | -0.7% |
| Taxes | 450/3 | €12,095 | €14,370 | +€2,275 | +18.8% |
| Remuneration and social security | 454/9 | €8,350 | €5,940 | -€2,410 | -28.9% |
| Accrued charges and deferred income | 492/3 | €1,439 | €1,279 | -€160 | -11.1% |
| Remuneration, social security and pensions | 62 | €30,243 | €60,001 | +€29,758 | +98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,743 | €4,932 | -€11,811 | -70.5% |
| Other operating charges | 640/8 | €3,278 | €1,313 | -€1,965 | -59.9% |
| Gross operating margin | 9900 | €116,962 | €87,239 | -€29,724 | -25.4% |
| Operating profit (loss) | 9901 | €66,698 | €20,992 | -€45,705 | -68.5% |
| Financial income | 75/76B | €4,831 | €710 | -€4,121 | -85.3% |
| Recurring financial income | 75 | €4,831 | €710 | -€4,121 | -85.3% |
| Financial charges | 65/66B | €1,130 | €1,643 | +€513 | +45.4% |
| Recurring financial charges | 65 | €1,130 | €1,643 | +€513 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €70,399 | €20,059 | -€50,340 | -71.5% |
| Income taxes | 67/77 | €20,247 | €6,062 | -€14,185 | -70.1% |
| Profit (loss) for the period | 9904 | €50,152 | €13,997 | -€36,154 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,152 | €13,997 | -€36,154 | -72.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.