LS&P Service: 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&P Service
Largest movements
- Current investments +€63,520
up €63,520 (+20.2%), from €315,172 to €378,692
- Tangible fixed assets +€36,002
up €36,002 (+10.7%), from €337,123 to €373,125
of which Land and buildings: +€34,006
- Receivables within one year -€11,279
down €11,279 (-98.7%), from €11,431 to €152
- Other debts +€248,544
up €248,544 (+12,649%), from €1,965 to €250,509
- Reserves -€196,240
down €196,240 (-35.9%), from €547,000 to €350,760
- Tax, wage and social debts +€28,493
up €28,493 (+3,201%), from €890 to €29,383
- Gross operating margin -€47,465
down €47,465 (-12.1%), from €393,552 to €346,087
- Taxes +€17,546
up €17,546 (+19.6%), from €89,364 to €106,910
- Depreciation -€10,253
down €10,253 (-41.7%), from €24,580 to €14,327
- Purchases and services -€7,516
down €7,516 (-5.3%), from €141,009 to €133,493
- Financial income +€7,314
up €7,314 (+54.6%), from €13,390 to €20,704
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.
Derived cash bridge
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 | €706,314 | €798,156 | +€91,842 | +13.0% |
| Fixed assets | 21/28 | €338,423 | €374,425 | +€36,002 | +10.6% |
| Tangible fixed assets | 22/27 | €337,123 | €373,125 | +€36,002 | +10.7% |
| Land and buildings | 22 | €336,282 | €370,288 | +€34,006 | +10.1% |
| Furniture and vehicles | 24 | €841 | €2,837 | +€1,996 | +237% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €367,891 | €423,731 | +€55,840 | +15.2% |
| Amounts receivable within one year | 40/41 | €11,431 | €152 | -€11,279 | -98.7% |
| Other amounts receivable | 41 | €11,431 | €152 | -€11,279 | -98.7% |
| Current investments | 50/53 | €315,172 | €378,692 | +€63,520 | +20.2% |
| Cash at bank and in hand | 54/58 | €41,288 | €44,887 | +€3,599 | +8.7% |
| Total equity and liabilities | 10/49 | €706,314 | €798,156 | +€91,842 | +13.0% |
| Equity | 10/15 | €557,279 | €361,039 | -€196,240 | -35.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €547,000 | €350,760 | -€196,240 | -35.9% |
| Distributable reserves | 133 | €547,000 | €350,760 | -€196,240 | -35.9% |
| Profit (loss) carried forward | 14 | €279 | €279 | = | 0.0% |
| Amounts payable | 17/49 | €149,035 | €437,117 | +€288,082 | +193% |
| Amounts payable after more than one year | 17 | €121,201 | €125,730 | +€4,529 | +3.7% |
| Financial debts | 170/4 | €121,201 | €125,730 | +€4,529 | +3.7% |
| Amounts payable within one year | 42/48 | €27,834 | €311,387 | +€283,553 | +1,019% |
| Current portion of amounts payable after more than one year | 42 | €14,472 | €21,905 | +€7,433 | +51.4% |
| Financial debts | 43 | €9,103 | €7,573 | -€1,530 | -16.8% |
| Credit institutions | 430/8 | €9,103 | €7,573 | -€1,530 | -16.8% |
| Trade debts | 44 | €1,404 | €2,017 | +€613 | +43.7% |
| Suppliers | 440/4 | €1,404 | €2,017 | +€613 | +43.7% |
| Taxes, remuneration and social security | 45 | €890 | €29,383 | +€28,493 | +3,201% |
| Taxes | 450/3 | €890 | €29,383 | +€28,493 | +3,201% |
| Other amounts payable | 47/48 | €1,965 | €250,509 | +€248,544 | +12,649% |
| Goods, raw materials, services and sundry goods | 60/61 | €141,009 | €133,493 | -€7,516 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,580 | €14,327 | -€10,253 | -41.7% |
| Other operating charges | 640/8 | €257 | €2,066 | +€1,809 | +704% |
| Gross operating margin | 9900 | €393,552 | €346,087 | -€47,465 | -12.1% |
| Operating profit (loss) | 9901 | €368,715 | €329,694 | -€39,021 | -10.6% |
| Financial income | 75/76B | €13,390 | €20,704 | +€7,314 | +54.6% |
| Recurring financial income | 75 | €13,390 | €20,704 | +€7,314 | +54.6% |
| Financial charges | 65/66B | €5,175 | €4,728 | -€447 | -8.6% |
| Recurring financial charges | 65 | €5,175 | €4,728 | -€447 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €376,930 | €345,670 | -€31,260 | -8.3% |
| Income taxes | 67/77 | €89,364 | €106,910 | +€17,546 | +19.6% |
| Profit (loss) for the period | 9904 | €287,566 | €238,760 | -€48,806 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €287,566 | €238,760 | -€48,806 | -17.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.