LS GROEP: 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 GROEP
Largest movements
- Tangible fixed assets -€34,619
down €34,619 (-5.8%), from €596,587 to €561,968
of which Land and buildings: -€17,345
- Intangible fixed assets +€13,350
new in 2025: €13,350
- Other debts -€41,297
down €41,297 (-72.2%), from €57,184 to €15,886
- Debts after one year -€31,816
down €31,816 (-6.6%), from €485,153 to €453,336
of which Financial debts: -€31,816
- Profit (loss) carried forward +€29,593
up €29,593, from -€8,719 to €20,875
- Contributions +€18,600
up €18,600 (+57.2%), from €32,500 to €51,100
- Reserves +€6,969
new in 2025: €6,969
- Gross operating margin -€16,590
down €16,590 (-26.4%), from €62,939 to €46,350
- Depreciation +€10,816
up €10,816 (+30.7%), from €35,201 to €46,016
- Other operating charges +€3,863
up €3,863 (+977.0%), from €395 to €4,258
- Financial charges +€1,561
up €1,561 (+7.3%), from €21,311 to €22,872
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 | €599,687 | €583,381 | -€16,305 | -2.7% |
| Fixed assets | 21/28 | €596,587 | €575,319 | -€21,268 | -3.6% |
| Intangible fixed assets | 21 | - | €13,350 | +€13,350 | |
| Tangible fixed assets | 22/27 | €596,587 | €561,968 | -€34,619 | -5.8% |
| Land and buildings | 22 | €489,941 | €472,596 | -€17,345 | -3.5% |
| Plant, machinery and equipment | 23 | €69,471 | €60,419 | -€9,052 | -13.0% |
| Furniture and vehicles | 24 | €37,175 | €25,528 | -€11,647 | -31.3% |
| Other tangible fixed assets | 26 | - | €3,425 | +€3,425 | |
| Current assets | 29/58 | €3,100 | €8,063 | +€4,963 | +160.1% |
| Amounts receivable after more than one year | 29 | €34 | €150 | +€116 | +337.3% |
| Other amounts receivable | 291 | €34 | €150 | +€116 | +337.3% |
| Amounts receivable within one year | 40/41 | - | €1,764 | +€1,764 | |
| Trade receivables | 40 | - | €318 | +€318 | |
| Other amounts receivable | 41 | - | €1,446 | +€1,446 | |
| Cash at bank and in hand | 54/58 | €1,548 | €5,496 | +€3,948 | +255.0% |
| Deferred charges and accrued income | 490/1 | €1,517 | €652 | -€865 | -57.0% |
| Total equity and liabilities | 10/49 | €599,687 | €583,381 | -€16,305 | -2.7% |
| Equity | 10/15 | €23,781 | €78,944 | +€55,162 | +232.0% |
| Contributions | 10/11 | €32,500 | €51,100 | +€18,600 | +57.2% |
| Reserves | 13 | - | €6,969 | +€6,969 | |
| Distributable reserves | 133 | - | €6,969 | +€6,969 | |
| Profit (loss) carried forward | 14 | -€8,719 | €20,875 | +€29,593 | |
| Amounts payable | 17/49 | €575,905 | €504,438 | -€71,468 | -12.4% |
| Amounts payable after more than one year | 17 | €485,153 | €453,336 | -€31,816 | -6.6% |
| Financial debts | 170/4 | €474,653 | €442,836 | -€31,816 | -6.7% |
| Other amounts payable | 178/9 | €10,500 | €10,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,753 | €51,101 | -€39,651 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €30,580 | €31,816 | +€1,237 | +4.0% |
| Trade debts | 44 | €915 | - | -€915 | |
| Suppliers | 440/4 | €915 | - | -€915 | |
| Taxes, remuneration and social security | 45 | €2,074 | €3,399 | +€1,324 | +63.8% |
| Taxes | 450/3 | €2,074 | €3,399 | +€1,324 | +63.8% |
| Other amounts payable | 47/48 | €57,184 | €15,886 | -€41,297 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,201 | €46,016 | +€10,816 | +30.7% |
| Other operating charges | 640/8 | €395 | €4,258 | +€3,863 | +977.0% |
| Gross operating margin | 9900 | €62,939 | €46,350 | -€16,590 | -26.4% |
| Operating profit (loss) | 9901 | €27,343 | -€3,925 | -€31,268 | |
| Financial income | 75/76B | €235 | €0 | -€234 | -99.9% |
| Recurring financial income | 75 | €235 | €0 | -€234 | -99.9% |
| Financial charges | 65/66B | €21,311 | €22,872 | +€1,561 | +7.3% |
| Recurring financial charges | 65 | €21,311 | €22,872 | +€1,561 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €6,266 | -€26,797 | -€33,063 | |
| Income taxes | 67/77 | €88 | €88 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €6,178 | -€26,885 | -€33,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,178 | -€26,885 | -€33,063 |
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 9 October 2026 via checked.be.