LS Modelling: 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 Modelling
Largest movements
- Receivables within one year -€49,312
down €49,312 (-99.6%), from €49,487 to €175
of which Trade receivables: -€49,312
- Tangible fixed assets +€17,695
up €17,695 (+909.8%), from €1,945 to €19,640
- Cash -€3,327
down €3,327 (-36.9%), from €9,024 to €5,697
mainly Net result for the year (-€25,503) and Investment in fixed assets (net) (-€24,877)
- Profit (loss) carried forward -€25,503
down €25,503, from €13,887 to -€11,616
- Trade debts -€16,869
down €16,869 (-80.0%), from €21,074 to €4,205
- Other debts +€11,733
up €11,733 (+270.1%), from €4,344 to €16,077
- Current portion of long-term debt -€4,326
down €4,326 (-65.3%), from €6,630 to €2,304
- Debts after one year -€2,304
no longer reported in 2024 (was €2,304)
- Purchases and services +€91,229
new in 2024: €91,229
- Turnover +€73,611
new in 2024: €73,611
- Gross operating margin -€43,359
down €43,359, from €25,741 to -€17,618
- Taxes -€9,215
no longer reported in 2024 (was €9,215)
- Depreciation +€6,107
up €6,107 (+568.1%), from €1,075 to €7,182
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.
Cash bridge derived
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 | €60,455 | €25,512 | -€34,943 | -57.8% |
| Fixed assets | 21/28 | €1,945 | €19,640 | +€17,695 | +909.8% |
| Tangible fixed assets | 22/27 | €1,945 | €19,640 | +€17,695 | +909.8% |
| Furniture and vehicles | 24 | €1,945 | €19,640 | +€17,695 | +909.8% |
| Current assets | 29/58 | €58,510 | €5,872 | -€52,638 | -90.0% |
| Amounts receivable within one year | 40/41 | €49,487 | €175 | -€49,312 | -99.6% |
| Trade receivables | 40 | €49,312 | - | -€49,312 | |
| Other amounts receivable | 41 | €174 | €175 | +€1 | +0.5% |
| Cash at bank and in hand | 54/58 | €9,024 | €5,697 | -€3,327 | -36.9% |
| Total equity and liabilities | 10/49 | €60,455 | €25,512 | -€34,943 | -57.8% |
| Equity | 10/15 | €16,887 | -€8,616 | -€25,503 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,887 | -€11,616 | -€25,503 | |
| Amounts payable | 17/49 | €43,568 | €34,128 | -€9,440 | -21.7% |
| Amounts payable after more than one year | 17 | €2,304 | - | -€2,304 | |
| Financial debts | 170/4 | €2,304 | - | -€2,304 | |
| Amounts payable within one year | 42/48 | €41,263 | €32,128 | -€9,135 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €6,630 | €2,304 | -€4,326 | -65.3% |
| Trade debts | 44 | €21,074 | €4,205 | -€16,869 | -80.0% |
| Suppliers | 440/4 | €21,074 | €4,205 | -€16,869 | -80.0% |
| Taxes, remuneration and social security | 45 | €9,215 | €9,542 | +€327 | +3.5% |
| Taxes | 450/3 | €9,215 | €9,542 | +€327 | +3.5% |
| Other amounts payable | 47/48 | €4,344 | €16,077 | +€11,733 | +270.1% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Turnover | 70 | - | €73,611 | +€73,611 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €91,229 | +€91,229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,075 | €7,182 | +€6,107 | +568.1% |
| Other operating charges | 640/8 | €1,054 | €150 | -€904 | -85.8% |
| Gross operating margin | 9900 | €25,741 | -€17,618 | -€43,359 | |
| Operating profit (loss) | 9901 | €23,612 | -€24,950 | -€48,562 | |
| Financial income | 75/76B | €192 | €27 | -€165 | -85.9% |
| Recurring financial income | 75 | €192 | €27 | -€165 | -85.9% |
| Financial charges | 65/66B | €701 | €580 | -€121 | -17.3% |
| Recurring financial charges | 65 | €701 | €580 | -€121 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €23,103 | -€25,503 | -€48,606 | |
| Income taxes | 67/77 | €9,215 | - | -€9,215 | |
| Profit (loss) for the period | 9904 | €13,887 | -€25,503 | -€39,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,887 | -€25,503 | -€39,390 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.