LS EUROPE: 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 EUROPE
Largest movements
- Receivables within one year -€531,359
down €531,359 (-59.3%), from €896,783 to €365,425
of which Trade receivables: -€385,369
- Stocks and contracts +€68,122
up €68,122 (+17.9%), from €379,517 to €447,639
- Trade debts -€256,294
down €256,294 (-37.6%), from €681,067 to €424,772
- Tax, wage and social debts -€182,023
down €182,023 (-89.6%), from €203,095 to €21,072
- Debts after one year -€40,000
down €40,000 (-7.5%), from €532,506 to €492,506
- Advances received -€27,963
down €27,963 (-63.7%), from €43,922 to €15,960
- Reserves +€25,803
up €25,803 (+126%), from €20,499 to €46,302
- Gross operating margin +€31,209
up €31,209 (+111%), from €28,104 to €59,312
- Taxes +€7,766
up €7,766 (+120%), from €6,484 to €14,250
- Financial income -€3,460
down €3,460 (-31.1%), from €11,110 to €7,650
- Financial charges +€1,147
up €1,147 (+9.2%), from €12,436 to €13,583
- Other operating charges +€611
up €611 (+5.2%), from €11,747 to €12,358
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,553,897 | €1,097,537 | -€456,360 | -29.4% |
| Fixed assets | 21/28 | €19,216 | €18,247 | -€968 | -5.0% |
| Intangible fixed assets | 21 | €8,716 | €7,747 | -€968 | -11.1% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €1,534,681 | €1,079,290 | -€455,392 | -29.7% |
| Amounts receivable after more than one year | 29 | €232,679 | €237,680 | +€5,001 | +2.1% |
| Other amounts receivable | 291 | €232,679 | €237,680 | +€5,001 | +2.1% |
| Stocks and contracts in progress | 3 | €379,517 | €447,639 | +€68,122 | +17.9% |
| Stocks | 30/36 | €379,517 | €447,639 | +€68,122 | +17.9% |
| Amounts receivable within one year | 40/41 | €896,783 | €365,425 | -€531,359 | -59.3% |
| Trade receivables | 40 | €637,228 | €251,859 | -€385,369 | -60.5% |
| Other amounts receivable | 41 | €259,555 | €113,566 | -€145,989 | -56.2% |
| Cash at bank and in hand | 54/58 | €25,251 | €27,357 | +€2,106 | +8.3% |
| Deferred charges and accrued income | 490/1 | €450 | €1,189 | +€738 | +164% |
| Total equity and liabilities | 10/49 | €1,553,897 | €1,097,537 | -€456,360 | -29.4% |
| Equity | 10/15 | €39,099 | €64,902 | +€25,803 | +66.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,499 | €46,302 | +€25,803 | +126% |
| Distributable reserves | 133 | €20,499 | €46,302 | +€25,803 | +126% |
| Amounts payable | 17/49 | €1,514,798 | €1,032,635 | -€482,163 | -31.8% |
| Amounts payable after more than one year | 17 | €532,506 | €492,506 | -€40,000 | -7.5% |
| Financial debts | 170/4 | €532,506 | €492,506 | -€40,000 | -7.5% |
| Amounts payable within one year | 42/48 | €971,207 | €504,927 | -€466,280 | -48.0% |
| Trade debts | 44 | €681,067 | €424,772 | -€256,294 | -37.6% |
| Suppliers | 440/4 | €681,067 | €424,772 | -€256,294 | -37.6% |
| Advances received on contracts in progress | 46 | €43,922 | €15,960 | -€27,963 | -63.7% |
| Taxes, remuneration and social security | 45 | €203,095 | €21,072 | -€182,023 | -89.6% |
| Taxes | 450/3 | €203,095 | €21,072 | -€182,023 | -89.6% |
| Other amounts payable | 47/48 | €43,123 | €43,123 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,085 | €35,202 | +€24,117 | +218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €968 | €968 | = | 0.0% |
| Other operating charges | 640/8 | €11,747 | €12,358 | +€611 | +5.2% |
| Gross operating margin | 9900 | €28,104 | €59,312 | +€31,209 | +111% |
| Operating profit (loss) | 9901 | €15,388 | €45,986 | +€30,598 | +199% |
| Financial income | 75/76B | €11,110 | €7,650 | -€3,460 | -31.1% |
| Recurring financial income | 75 | €11,110 | €7,650 | -€3,460 | -31.1% |
| Financial charges | 65/66B | €12,436 | €13,583 | +€1,147 | +9.2% |
| Recurring financial charges | 65 | €12,436 | €13,583 | +€1,147 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €14,062 | €40,053 | +€25,991 | +185% |
| Income taxes | 67/77 | €6,484 | €14,250 | +€7,766 | +120% |
| Profit (loss) for the period | 9904 | €7,578 | €25,803 | +€18,225 | +240% |
| Profit (loss) for the period to be appropriated | 9905 | €7,578 | €25,803 | +€18,225 | +240% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.