LSC Management: 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.
LSC Management
Largest movements
- Cash -€50,726
down €50,726 (-61.8%), from €82,021 to €31,296
mainly Contributions, distributions and other (-€40,912) and Other debts (-€35,268)
- Receivables within one year +€8,087
up €8,087 (+81.9%), from €9,877 to €17,964
of which Trade receivables: +€10,920
- Tangible fixed assets -€1,353
down €1,353 (-52.5%), from €2,574 to €1,221
of which Plant, machinery and equipment: -€852
- Other debts -€35,268
down €35,268 (-45.2%), from €78,058 to €42,789
- Trade debts -€12,057
down €12,057 (-100.0%), from €12,061 to €3
- Tax, wage and social debts +€3,278
up €3,278 (+506%), from €648 to €3,926
- Gross operating margin -€43,065
down €43,065 (-39.2%), from €109,950 to €66,885
- Taxes -€7,835
down €7,835 (-29.1%), from €26,879 to €19,044
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 | €95,316 | €51,268 | -€44,048 | -46.2% |
| Fixed assets | 21/28 | €2,679 | €1,326 | -€1,353 | -50.5% |
| Tangible fixed assets | 22/27 | €2,574 | €1,221 | -€1,353 | -52.5% |
| Plant, machinery and equipment | 23 | €1,704 | €852 | -€852 | -50.0% |
| Furniture and vehicles | 24 | €870 | €369 | -€501 | -57.6% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €92,637 | €49,942 | -€42,696 | -46.1% |
| Amounts receivable within one year | 40/41 | €9,877 | €17,964 | +€8,087 | +81.9% |
| Trade receivables | 40 | €4,087 | €15,008 | +€10,920 | +267% |
| Other amounts receivable | 41 | €5,790 | €2,956 | -€2,833 | -48.9% |
| Cash at bank and in hand | 54/58 | €82,021 | €31,296 | -€50,726 | -61.8% |
| Deferred charges and accrued income | 490/1 | €739 | €682 | -€57 | -7.7% |
| Total equity and liabilities | 10/49 | €95,316 | €51,268 | -€44,048 | -46.2% |
| Equity | 10/15 | €4,550 | €4,550 | = | 0.0% |
| Contributions | 10/11 | €4,550 | €4,550 | = | 0.0% |
| Amounts payable | 17/49 | €90,766 | €46,718 | -€44,048 | -48.5% |
| Amounts payable within one year | 42/48 | €90,766 | €46,718 | -€44,048 | -48.5% |
| Trade debts | 44 | €12,061 | €3 | -€12,057 | -100.0% |
| Suppliers | 440/4 | €12,061 | €3 | -€12,057 | -100.0% |
| Taxes, remuneration and social security | 45 | €648 | €3,926 | +€3,278 | +506% |
| Taxes | 450/3 | €648 | €3,926 | +€3,278 | +506% |
| Other amounts payable | 47/48 | €78,058 | €42,789 | -€35,268 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €1,353 | -€44 | -3.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €109,950 | €66,885 | -€43,065 | -39.2% |
| Operating profit (loss) | 9901 | €108,166 | €65,132 | -€43,033 | -39.8% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €5,066 | €5,177 | +€111 | +2.2% |
| Recurring financial charges | 65 | €5,066 | €5,177 | +€111 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €103,119 | €59,956 | -€43,163 | -41.9% |
| Income taxes | 67/77 | €26,879 | €19,044 | -€7,835 | -29.1% |
| Profit (loss) for the period | 9904 | €76,241 | €40,912 | -€35,329 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,241 | €40,912 | -€35,329 | -46.3% |
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.