LS Finances: 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 Finances
Largest movements
- Cash +€57,406
up €57,406 (+117.0%), from €49,059 to €106,465
mainly Net result for the year (+€209,833) and Other debts (+€188,474)
- Tangible fixed assets +€33,857
new in 2025: €33,857
- Receivables within one year +€25,000
up €25,000 (+10.8%), from €232,000 to €257,000
- Other debts +€188,474
up €188,474 (+13516.5%), from €1,394 to €189,868
- Debts after one year -€152,743
down €152,743 (-19.9%), from €767,500 to €614,757
- Tax, wage and social debts +€52,754
up €52,754 (+304.1%), from €17,349 to €70,103
of which Taxes: +€52,754
- Gross operating margin -€11,897
down €11,897 (-5.8%), from €203,712 to €191,815
- Taxes -€4,712
down €4,712 (-6.6%), from €71,634 to €66,922
- Other operating charges +€4,661
new in 2025: €4,661
- Depreciation +€2,596
new in 2025: €2,596
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 | €1,781,833 | €1,901,378 | +€119,545 | +6.7% |
| Fixed assets | 21/28 | €1,500,000 | €1,533,857 | +€33,857 | +2.3% |
| Tangible fixed assets | 22/27 | - | €33,857 | +€33,857 | |
| Furniture and vehicles | 24 | - | €33,857 | +€33,857 | |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €281,833 | €367,520 | +€85,687 | +30.4% |
| Amounts receivable within one year | 40/41 | €232,000 | €257,000 | +€25,000 | +10.8% |
| Trade receivables | 40 | €232,000 | €257,000 | +€25,000 | +10.8% |
| Cash at bank and in hand | 54/58 | €49,059 | €106,465 | +€57,406 | +117.0% |
| Deferred charges and accrued income | 490/1 | €774 | €4,055 | +€3,281 | +424.0% |
| Total equity and liabilities | 10/49 | €1,781,833 | €1,901,378 | +€119,545 | +6.7% |
| Equity | 10/15 | €749,529 | €758,297 | +€8,768 | +1.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €649,529 | €658,297 | +€8,768 | +1.3% |
| Distributable reserves | 133 | €649,529 | €658,297 | +€8,768 | +1.3% |
| Amounts payable | 17/49 | €1,032,304 | €1,143,081 | +€110,777 | +10.7% |
| Amounts payable after more than one year | 17 | €767,500 | €614,757 | -€152,743 | -19.9% |
| Financial debts | 170/4 | €767,500 | €614,757 | -€152,743 | -19.9% |
| Amounts payable within one year | 42/48 | €253,410 | €516,930 | +€263,520 | +104.0% |
| Current portion of amounts payable after more than one year | 42 | €171,632 | €183,870 | +€12,238 | +7.1% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €3,035 | €13,090 | +€10,054 | +331.2% |
| Suppliers | 440/4 | €3,035 | €13,090 | +€10,054 | +331.2% |
| Taxes, remuneration and social security | 45 | €17,349 | €70,103 | +€52,754 | +304.1% |
| Taxes | 450/3 | €14,680 | €67,434 | +€52,754 | +359.4% |
| Remuneration and social security | 454/9 | €2,669 | €2,669 | = | 0.0% |
| Other amounts payable | 47/48 | €1,394 | €189,868 | +€188,474 | +13516.5% |
| Accrued charges and deferred income | 492/3 | €11,394 | €11,394 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,596 | +€2,596 | |
| Other operating charges | 640/8 | - | €4,661 | +€4,661 | |
| Gross operating margin | 9900 | €203,712 | €191,815 | -€11,897 | -5.8% |
| Operating profit (loss) | 9901 | €203,712 | €184,557 | -€19,155 | -9.4% |
| Financial income | 75/76B | €100,000 | €100,000 | = | 0.0% |
| Recurring financial income | 75 | €100,000 | €100,000 | = | 0.0% |
| Financial charges | 65/66B | €8,829 | €7,802 | -€1,027 | -11.6% |
| Recurring financial charges | 65 | €8,829 | €7,802 | -€1,027 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €294,883 | €276,755 | -€18,127 | -6.1% |
| Income taxes | 67/77 | €71,634 | €66,922 | -€4,712 | -6.6% |
| Profit (loss) for the period | 9904 | €223,249 | €209,833 | -€13,416 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €223,249 | €209,833 | -€13,416 | -6.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.