LSA enterprise: 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.
LSA enterprise
Largest movements
- Stocks and contracts +€7,439
up €7,439 (+73.9%), from €10,063 to €17,502
- Receivables within one year -€4,844
down €4,844 (-74.6%), from €6,497 to €1,653
- Tangible fixed assets -€1,324
down €1,324 (-11.9%), from €11,102 to €9,778
of which Furniture and vehicles: -€2,080
- Cash +€1,096
up €1,096 (+18.6%), from €5,878 to €6,974
mainly Receivables within one year (+€4,844) and Net result for the year (+€4,724)
- Trade debts -€5,742
down €5,742 (-82.9%), from €6,928 to €1,186
- Profit (loss) carried forward +€4,724
up €4,724 (+7.4%), from -€64,121 to -€59,397
- Other debts +€2,550
up €2,550 (+3.6%), from €71,616 to €74,165
- Tax, wage and social debts +€755
up €755 (+54.4%), from €1,388 to €2,143
- Gross operating margin +€12,130
up €12,130, from -€3,786 to €8,344
- Financial income -€5,836
down €5,836 (-100.0%), from €5,838 to €2
of which Non-recurring financial income: -€5,784
- Depreciation -€5,391
down €5,391 (-68.1%), from €7,911 to €2,520
- Financial charges -€143
down €143 (-64.0%), from €223 to €80
- Other operating charges +€112
up €112 (+16.8%), from €666 to €778
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 | €34,411 | €36,698 | +€2,287 | +6.6% |
| Fixed assets | 21/28 | €11,102 | €9,778 | -€1,324 | -11.9% |
| Tangible fixed assets | 22/27 | €11,102 | €9,778 | -€1,324 | -11.9% |
| Plant, machinery and equipment | 23 | €1,058 | €1,814 | +€756 | +71.5% |
| Furniture and vehicles | 24 | €10,044 | €7,964 | -€2,080 | -20.7% |
| Current assets | 29/58 | €23,308 | €26,919 | +€3,611 | +15.5% |
| Stocks and contracts in progress | 3 | €10,063 | €17,502 | +€7,439 | +73.9% |
| Stocks | 30/36 | €10,063 | €17,502 | +€7,439 | +73.9% |
| Amounts receivable within one year | 40/41 | €6,497 | €1,653 | -€4,844 | -74.6% |
| Trade receivables | 40 | €6,497 | €1,653 | -€4,844 | -74.6% |
| Current investments | 50/53 | €153 | €54 | -€99 | -64.5% |
| Cash at bank and in hand | 54/58 | €5,878 | €6,974 | +€1,096 | +18.6% |
| Deferred charges and accrued income | 490/1 | €717 | €736 | +€19 | +2.6% |
| Total equity and liabilities | 10/49 | €34,411 | €36,698 | +€2,287 | +6.6% |
| Equity | 10/15 | -€45,521 | -€40,797 | +€4,724 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,121 | -€59,397 | +€4,724 | +7.4% |
| Amounts payable | 17/49 | €79,932 | €77,494 | -€2,437 | -3.0% |
| Amounts payable within one year | 42/48 | €79,932 | €77,494 | -€2,437 | -3.0% |
| Trade debts | 44 | €6,928 | €1,186 | -€5,742 | -82.9% |
| Suppliers | 440/4 | €6,928 | €1,186 | -€5,742 | -82.9% |
| Taxes, remuneration and social security | 45 | €1,388 | €2,143 | +€755 | +54.4% |
| Taxes | 450/3 | €1,388 | €2,143 | +€755 | +54.4% |
| Other amounts payable | 47/48 | €71,616 | €74,165 | +€2,550 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,911 | €2,520 | -€5,391 | -68.1% |
| Other operating charges | 640/8 | €666 | €778 | +€112 | +16.8% |
| Non-recurring operating charges | 66A | €252 | €242 | -€10 | -3.9% |
| Gross operating margin | 9900 | -€3,786 | €8,344 | +€12,130 | |
| Operating profit (loss) | 9901 | -€12,615 | €4,803 | +€17,418 | |
| Financial income | 75/76B | €5,838 | €2 | -€5,836 | -100.0% |
| Recurring financial income | 75 | €54 | €2 | -€52 | -96.0% |
| Non-recurring financial income | 76B | €5,784 | - | -€5,784 | |
| Financial charges | 65/66B | €223 | €80 | -€143 | -64.0% |
| Recurring financial charges | 65 | €223 | €80 | -€143 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,000 | €4,725 | +€11,725 | |
| Income taxes | 67/77 | €1 | €1 | -€1 | -44.8% |
| Profit (loss) for the period | 9904 | -€7,002 | €4,724 | +€11,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,002 | €4,724 | +€11,726 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.