LS@work: 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@work
Largest movements
- Receivables within one year +€30,527
up €30,527 (+904.8%), from €3,374 to €33,901
of which Trade receivables: +€29,376
- Cash +€15,617
up €15,617 (+211.8%), from €7,374 to €22,991
mainly Net result for the year (+€35,816) and Depreciation (+€9,420)
- Tangible fixed assets -€9,420
down €9,420 (-49.6%), from €18,991 to €9,572
of which Furniture and vehicles: -€6,635
- Profit (loss) carried forward +€35,816
up €35,816, from -€3,631 to €32,185
- Other debts -€5,760
down €5,760 (-23.7%), from €24,257 to €18,498
- Trade debts +€3,963
up €3,963 (+313.4%), from €1,265 to €5,228
- Tax, wage and social debts +€2,718
new in 2025: €2,718
- Turnover +€64,442
up €64,442 (+154.0%), from €41,838 to €106,280
- Gross operating margin +€39,012
up €39,012 (+344.0%), from €11,341 to €50,353
- Purchases and services +€25,430
up €25,430 (+83.4%), from €30,497 to €55,927
- Taxes +€2,718
new in 2025: €2,718
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 | €29,951 | €66,688 | +€36,737 | +122.7% |
| Fixed assets | 21/28 | €18,991 | €9,572 | -€9,420 | -49.6% |
| Tangible fixed assets | 22/27 | €18,991 | €9,572 | -€9,420 | -49.6% |
| Land and buildings | 22 | €2,238 | €1,119 | -€1,119 | -50.0% |
| Plant, machinery and equipment | 23 | €5,025 | €3,359 | -€1,666 | -33.2% |
| Furniture and vehicles | 24 | €11,729 | €5,094 | -€6,635 | -56.6% |
| Current assets | 29/58 | €10,959 | €57,116 | +€46,157 | +421.2% |
| Amounts receivable within one year | 40/41 | €3,374 | €33,901 | +€30,527 | +904.8% |
| Trade receivables | 40 | €3,068 | €32,444 | +€29,376 | +957.4% |
| Other amounts receivable | 41 | €306 | €1,457 | +€1,151 | +376.5% |
| Cash at bank and in hand | 54/58 | €7,374 | €22,991 | +€15,617 | +211.8% |
| Deferred charges and accrued income | 490/1 | €212 | €225 | +€13 | +6.1% |
| Total equity and liabilities | 10/49 | €29,951 | €66,688 | +€36,737 | +122.7% |
| Equity | 10/15 | €4,429 | €40,245 | +€35,816 | +808.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,631 | €32,185 | +€35,816 | |
| Amounts payable | 17/49 | €25,522 | €26,443 | +€921 | +3.6% |
| Amounts payable within one year | 42/48 | €25,522 | €26,443 | +€921 | +3.6% |
| Trade debts | 44 | €1,265 | €5,228 | +€3,963 | +313.4% |
| Suppliers | 440/4 | €1,265 | €5,228 | +€3,963 | +313.4% |
| Taxes, remuneration and social security | 45 | - | €2,718 | +€2,718 | |
| Taxes | 450/3 | - | €2,718 | +€2,718 | |
| Other amounts payable | 47/48 | €24,257 | €18,498 | -€5,760 | -23.7% |
| Turnover | 70 | €41,838 | €106,280 | +€64,442 | +154.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,497 | €55,927 | +€25,430 | +83.4% |
| Remuneration, social security and pensions | 62 | €676 | €0 | -€676 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,866 | €9,420 | -€446 | -4.5% |
| Other operating charges | 640/8 | €580 | €904 | +€323 | +55.7% |
| Gross operating margin | 9900 | €11,341 | €50,353 | +€39,012 | +344.0% |
| Operating profit (loss) | 9901 | €218 | €40,029 | +€39,811 | +18227.6% |
| Financial charges | 65/66B | €1,480 | €1,495 | +€16 | +1.1% |
| Recurring financial charges | 65 | €1,480 | €1,495 | +€16 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,261 | €38,534 | +€39,795 | |
| Income taxes | 67/77 | - | €2,718 | +€2,718 | |
| Profit (loss) for the period | 9904 | -€1,261 | €35,816 | +€37,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,261 | €35,816 | +€37,077 |
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 10 October 2026 via checked.be.