LS-PRO: 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-PRO
Largest movements
- Current investments +€21,294
up €21,294 (+11.6%), from €183,242 to €204,535
- Cash -€9,815
down €9,815 (-28.9%), from €33,962 to €24,147
mainly Contributions, distributions and other (-€75,294) and Current investments (-€21,294)
- Receivables within one year +€8,754
up €8,754 (+25.3%), from €34,568 to €43,323
of which Trade receivables: +€7,232
- Other debts +€33,124
up €33,124 (+157%), from €21,144 to €54,269
- Profit (loss) carried forward -€18,995
down €18,995 (-42.9%), from €44,286 to €25,291
- Trade debts +€6,334
up €6,334 (+247%), from €2,568 to €8,902
- Reserves -€4,955
down €4,955 (-3.2%), from €155,646 to €150,690
- Financial income +€10,209
up €10,209 (+317%), from €3,216 to €13,425
- Gross operating margin -€3,440
down €3,440 (-5.9%), from €58,799 to €55,359
- Depreciation -€902
down €902 (-35.1%), from €2,572 to €1,669
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 | €261,136 | €277,350 | +€16,214 | +6.2% |
| Fixed assets | 21/28 | €5,283 | €3,613 | -€1,669 | -31.6% |
| Tangible fixed assets | 22/27 | €5,283 | €3,613 | -€1,669 | -31.6% |
| Plant, machinery and equipment | 23 | €705 | €436 | -€268 | -38.1% |
| Furniture and vehicles | 24 | €4,578 | €3,177 | -€1,401 | -30.6% |
| Current assets | 29/58 | €255,853 | €273,736 | +€17,883 | +7.0% |
| Amounts receivable after more than one year | 29 | €2,400 | - | -€2,400 | |
| Other amounts receivable | 291 | €2,400 | - | -€2,400 | |
| Amounts receivable within one year | 40/41 | €34,568 | €43,323 | +€8,754 | +25.3% |
| Trade receivables | 40 | €33,770 | €41,002 | +€7,232 | +21.4% |
| Other amounts receivable | 41 | €798 | €2,320 | +€1,522 | +191% |
| Current investments | 50/53 | €183,242 | €204,535 | +€21,294 | +11.6% |
| Cash at bank and in hand | 54/58 | €33,962 | €24,147 | -€9,815 | -28.9% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,732 | +€51 | +3.0% |
| Total equity and liabilities | 10/49 | €261,136 | €277,350 | +€16,214 | +6.2% |
| Equity | 10/15 | €218,532 | €194,581 | -€23,951 | -11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,646 | €150,690 | -€4,955 | -3.2% |
| Distributable reserves | 133 | €155,646 | €150,690 | -€4,955 | -3.2% |
| Profit (loss) carried forward | 14 | €44,286 | €25,291 | -€18,995 | -42.9% |
| Amounts payable | 17/49 | €42,604 | €82,769 | +€40,165 | +94.3% |
| Amounts payable within one year | 42/48 | €40,213 | €81,242 | +€41,028 | +102% |
| Trade debts | 44 | €2,568 | €8,902 | +€6,334 | +247% |
| Suppliers | 440/4 | €2,568 | €8,902 | +€6,334 | +247% |
| Taxes, remuneration and social security | 45 | €16,501 | €18,071 | +€1,570 | +9.5% |
| Taxes | 450/3 | €13,607 | €13,206 | -€401 | -2.9% |
| Remuneration and social security | 454/9 | €2,894 | €4,865 | +€1,972 | +68.1% |
| Other amounts payable | 47/48 | €21,144 | €54,269 | +€33,124 | +157% |
| Accrued charges and deferred income | 492/3 | €2,391 | €1,527 | -€864 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,572 | €1,669 | -€902 | -35.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €58,799 | €55,359 | -€3,440 | -5.9% |
| Operating profit (loss) | 9901 | €55,841 | €53,290 | -€2,551 | -4.6% |
| Financial income | 75/76B | €3,216 | €13,425 | +€10,209 | +317% |
| Recurring financial income | 75 | €3,216 | €13,425 | +€10,209 | +317% |
| Financial charges | 65/66B | €1,557 | €1,705 | +€147 | +9.5% |
| Recurring financial charges | 65 | €1,557 | €1,705 | +€147 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €57,499 | €65,010 | +€7,511 | +13.1% |
| Income taxes | 67/77 | €13,213 | €13,667 | +€454 | +3.4% |
| Profit (loss) for the period | 9904 | €44,286 | €51,343 | +€7,057 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,286 | €51,343 | +€7,057 | +15.9% |
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 14 October 2026 via checked.be.