LS 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 SERVICE
Largest movements
- Current investments -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Cash +€14,716
up €14,716 (+21.1%), from €69,708 to €84,424
mainly Current investments (+€50,000) and Other debts (+€20,584)
- Deferred charges and accrued income +€14,370
up €14,370 (+1,332%), from €1,079 to €15,449
- Reserves -€39,000
down €39,000 (-30.2%), from €129,000 to €90,000
of which Distributable reserves: -€39,000
- Other debts +€20,584
up €20,584 (+70.4%), from €29,220 to €49,804
- Tax, wage and social debts -€7,421
down €7,421 (-42.1%), from €17,641 to €10,220
of which Taxes: -€11,017
- Trade debts +€3,160
up €3,160 (+139%), from €2,276 to €5,436
- Staff costs +€25,311
up €25,311 (+124%), from €20,467 to €45,778
- Gross operating margin -€16,681
down €16,681 (-19.5%), from €85,450 to €68,769
- Taxes -€3,308
down €3,308 (-25.5%), from €12,958 to €9,650
- Depreciation -€1,997
down €1,997 (-49.7%), from €4,015 to €2,018
- Financial income -€1,315
down €1,315 (-46.8%), from €2,808 to €1,493
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 | €291,123 | €266,261 | -€24,862 | -8.5% |
| Fixed assets | 21/28 | €2,018 | - | -€2,018 | |
| Tangible fixed assets | 22/27 | €2,018 | - | -€2,018 | |
| Plant, machinery and equipment | 23 | €2,018 | - | -€2,018 | |
| Current assets | 29/58 | €289,105 | €266,261 | -€22,844 | -7.9% |
| Amounts receivable within one year | 40/41 | €18,318 | €16,388 | -€1,930 | -10.5% |
| Trade receivables | 40 | €18,231 | €822 | -€17,409 | -95.5% |
| Other amounts receivable | 41 | €87 | €15,566 | +€15,479 | +17,792% |
| Current investments | 50/53 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €69,708 | €84,424 | +€14,716 | +21.1% |
| Deferred charges and accrued income | 490/1 | €1,079 | €15,449 | +€14,370 | +1,332% |
| Total equity and liabilities | 10/49 | €291,123 | €266,261 | -€24,862 | -8.5% |
| Equity | 10/15 | €239,245 | €200,741 | -€38,504 | -16.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €129,000 | €90,000 | -€39,000 | -30.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €127,000 | €88,000 | -€39,000 | -30.7% |
| Profit (loss) carried forward | 14 | €102,245 | €102,741 | +€496 | +0.5% |
| Amounts payable | 17/49 | €51,878 | €65,520 | +€13,642 | +26.3% |
| Amounts payable within one year | 42/48 | €49,137 | €65,460 | +€16,323 | +33.2% |
| Trade debts | 44 | €2,276 | €5,436 | +€3,160 | +139% |
| Suppliers | 440/4 | €2,276 | €5,436 | +€3,160 | +139% |
| Taxes, remuneration and social security | 45 | €17,641 | €10,220 | -€7,421 | -42.1% |
| Taxes | 450/3 | €14,835 | €3,818 | -€11,017 | -74.3% |
| Remuneration and social security | 454/9 | €2,806 | €6,402 | +€3,596 | +128% |
| Other amounts payable | 47/48 | €29,220 | €49,804 | +€20,584 | +70.4% |
| Accrued charges and deferred income | 492/3 | €2,741 | €60 | -€2,681 | -97.8% |
| Remuneration, social security and pensions | 62 | €20,467 | €45,778 | +€25,311 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,015 | €2,018 | -€1,997 | -49.7% |
| Other operating charges | 640/8 | €839 | €1,046 | +€207 | +24.7% |
| Gross operating margin | 9900 | €85,450 | €68,769 | -€16,681 | -19.5% |
| Operating profit (loss) | 9901 | €60,129 | €19,927 | -€40,202 | -66.9% |
| Financial income | 75/76B | €2,808 | €1,493 | -€1,315 | -46.8% |
| Recurring financial income | 75 | €2,808 | €1,493 | -€1,315 | -46.8% |
| Financial charges | 65/66B | €213 | €274 | +€61 | +28.6% |
| Recurring financial charges | 65 | €213 | €274 | +€61 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €62,724 | €21,146 | -€41,578 | -66.3% |
| Income taxes | 67/77 | €12,958 | €9,650 | -€3,308 | -25.5% |
| Profit (loss) for the period | 9904 | €49,766 | €11,496 | -€38,270 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,766 | €11,496 | -€38,270 | -76.9% |
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 30 October 2026 via checked.be.