LS Trading: 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 Trading
Largest movements
- Receivables within one year +€41,722
up €41,722 (+38.5%), from €108,335 to €150,057
of which Other amounts receivable: +€62,958
- Tangible fixed assets -€2,172
down €2,172 (-27.3%), from €7,952 to €5,780
- Profit (loss) carried forward +€55,534
up €55,534 (+3.5%), from -€1.6m to -€1.5m
- Trade debts -€14,873
down €14,873 (-17.3%), from €85,858 to €70,985
- Gross operating margin +€47,757
up €47,757 (+470.3%), from €10,155 to €57,912
- Taxes -€2,324
no longer reported in 2025 (was €2,324)
- Other operating charges -€1,652
no longer reported in 2025 (was €1,652)
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 | €173,433 | €213,857 | +€40,424 | +23.3% |
| Fixed assets | 21/28 | €8,557 | €6,385 | -€2,172 | -25.4% |
| Tangible fixed assets | 22/27 | €7,952 | €5,780 | -€2,172 | -27.3% |
| Plant, machinery and equipment | 23 | €7,952 | €5,780 | -€2,172 | -27.3% |
| Financial fixed assets | 28 | €605 | €605 | = | 0.0% |
| Current assets | 29/58 | €164,876 | €207,472 | +€42,596 | +25.8% |
| Stocks and contracts in progress | 3 | €54,848 | €54,848 | = | 0.0% |
| Stocks | 30/36 | €54,848 | €54,848 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €108,335 | €150,057 | +€41,722 | +38.5% |
| Trade receivables | 40 | €85,558 | €64,323 | -€21,235 | -24.8% |
| Other amounts receivable | 41 | €22,777 | €85,734 | +€62,958 | +276.4% |
| Cash at bank and in hand | 54/58 | €1,195 | €1,030 | -€165 | -13.8% |
| Deferred charges and accrued income | 490/1 | €497 | €1,536 | +€1,039 | +208.8% |
| Total equity and liabilities | 10/49 | €173,433 | €213,857 | +€40,424 | +23.3% |
| Equity | 10/15 | -€1,151,770 | -€1,096,235 | +€55,534 | +4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €418,914 | €418,914 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €408,058 | €408,058 | = | 0.0% |
| Distributable reserves | 133 | €8,997 | €8,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,589,275 | -€1,533,741 | +€55,534 | +3.5% |
| Amounts payable | 17/49 | €1,325,203 | €1,310,092 | -€15,110 | -1.1% |
| Amounts payable after more than one year | 17 | €1,072,984 | €1,072,984 | = | 0.0% |
| Financial debts | 170/4 | €1,072,984 | €1,072,984 | = | 0.0% |
| Amounts payable within one year | 42/48 | €252,219 | €237,108 | -€15,110 | -6.0% |
| Trade debts | 44 | €85,858 | €70,985 | -€14,873 | -17.3% |
| Suppliers | 440/4 | €85,858 | €70,985 | -€14,873 | -17.3% |
| Other amounts payable | 47/48 | €166,361 | €166,123 | -€237 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,172 | €2,172 | = | 0.0% |
| Other operating charges | 640/8 | €1,652 | - | -€1,652 | |
| Gross operating margin | 9900 | €10,155 | €57,912 | +€47,757 | +470.3% |
| Operating profit (loss) | 9901 | €6,331 | €55,740 | +€49,409 | +780.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €253 | €205 | -€47 | -18.8% |
| Recurring financial charges | 65 | €253 | €205 | -€47 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €6,078 | €55,534 | +€49,456 | +813.7% |
| Income taxes | 67/77 | €2,324 | - | -€2,324 | |
| Profit (loss) for the period | 9904 | €3,755 | €55,534 | +€51,780 | +1379.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,755 | €55,534 | +€51,780 | +1379.1% |
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 5 October 2026 via checked.be.