LS DIFFUSION: 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 DIFFUSION
Largest movements
- Cash +€8,608
up €8,608 (+26.1%), from €33,012 to €41,620
mainly Net result for the year (+€51,884) and Depreciation (+€33,532)
- Reserves +€51,884
up €51,884 (+84.4%), from €61,507 to €113,392
of which Distributable reserves: +€51,884
- Debts after one year -€24,741
down €24,741 (-16.7%), from €148,326 to €123,585
of which Other amounts payable: -€13,157
- Trade debts -€16,344
down €16,344 (-79.0%), from €20,688 to €4,344
of which Suppliers: -€13,388
- Tax, wage and social debts +€4,197
up €4,197 (+4847.8%), from €87 to €4,284
- Gross operating margin +€66,310
up €66,310 (+158.7%), from €41,775 to €108,085
- Taxes +€19,985
up €19,985 (+5425.8%), from €368 to €20,354
- Financial income +€2,196
up €2,196 (+201.9%), from €1,088 to €3,283
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 | €345,700 | €359,533 | +€13,833 | +4.0% |
| Fixed assets | 21/28 | €218,438 | €220,556 | +€2,118 | +1.0% |
| Intangible fixed assets | 21 | €1,884 | €1,184 | -€700 | -37.2% |
| Tangible fixed assets | 22/27 | €216,554 | €219,372 | +€2,818 | +1.3% |
| Land and buildings | 22 | €164,378 | €151,668 | -€12,711 | -7.7% |
| Plant, machinery and equipment | 23 | €7,593 | €2,081 | -€5,512 | -72.6% |
| Furniture and vehicles | 24 | €44,583 | €65,624 | +€21,041 | +47.2% |
| Current assets | 29/58 | €127,262 | €138,977 | +€11,715 | +9.2% |
| Stocks and contracts in progress | 3 | €37,571 | €41,043 | +€3,472 | +9.2% |
| Stocks | 30/36 | €37,571 | €41,043 | +€3,472 | +9.2% |
| Amounts receivable within one year | 40/41 | €49,912 | €49,265 | -€647 | -1.3% |
| Trade receivables | 40 | €48,313 | €45,559 | -€2,755 | -5.7% |
| Other amounts receivable | 41 | €1,599 | €3,707 | +€2,108 | +131.8% |
| Cash at bank and in hand | 54/58 | €33,012 | €41,620 | +€8,608 | +26.1% |
| Deferred charges and accrued income | 490/1 | €6,768 | €7,049 | +€281 | +4.2% |
| Total equity and liabilities | 10/49 | €345,700 | €359,533 | +€13,833 | +4.0% |
| Equity | 10/15 | €108,240 | €158,091 | +€49,851 | +46.1% |
| Contributions | 10/11 | €38,550 | €38,550 | = | 0.0% |
| Reserves | 13 | €61,507 | €113,392 | +€51,884 | +84.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €59,652 | €111,537 | +€51,884 | +87.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €8,183 | €6,149 | -€2,034 | -24.9% |
| Amounts payable | 17/49 | €237,460 | €201,442 | -€36,018 | -15.2% |
| Amounts payable after more than one year | 17 | €148,326 | €123,585 | -€24,741 | -16.7% |
| Financial debts | 170/4 | €105,838 | €94,255 | -€11,583 | -10.9% |
| Other amounts payable | 178/9 | €42,488 | €29,331 | -€13,157 | -31.0% |
| Amounts payable within one year | 42/48 | €89,134 | €77,857 | -€11,277 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €11,714 | €11,583 | -€130 | -1.1% |
| Trade debts | 44 | €20,688 | €4,344 | -€16,344 | -79.0% |
| Suppliers | 440/4 | €13,787 | €400 | -€13,388 | -97.1% |
| Bills of exchange payable | 441 | €6,901 | €3,944 | -€2,957 | -42.8% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €87 | €4,284 | +€4,197 | +4847.8% |
| Taxes | 450/3 | €87 | €4,284 | +€4,197 | +4847.8% |
| Other amounts payable | 47/48 | €56,646 | €56,646 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €33 | €0 | -€33 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,127 | €33,532 | -€595 | -1.7% |
| Other operating charges | 640/8 | €3,122 | €3,118 | -€4 | -0.1% |
| Gross operating margin | 9900 | €41,775 | €108,085 | +€66,310 | +158.7% |
| Operating profit (loss) | 9901 | €4,493 | €71,434 | +€66,942 | +1490.0% |
| Financial income | 75/76B | €1,088 | €3,283 | +€2,196 | +201.9% |
| Recurring financial income | 75 | €1,088 | €3,283 | +€2,196 | +201.9% |
| Financial charges | 65/66B | €3,088 | €2,480 | -€608 | -19.7% |
| Recurring financial charges | 65 | €3,088 | €2,480 | -€608 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €2,493 | €72,238 | +€69,745 | +2797.9% |
| Income taxes | 67/77 | €368 | €20,354 | +€19,985 | +5425.8% |
| Profit (loss) for the period | 9904 | €2,124 | €51,884 | +€49,760 | +2342.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,124 | €51,884 | +€49,760 | +2342.3% |
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 6 October 2026 via checked.be.