LSCARSERVICE: 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.
LSCARSERVICE
Largest movements
- Receivables within one year +€58,844
up €58,844 (+126%), from €46,528 to €105,372
of which Trade receivables: +€38,814
- Tangible fixed assets -€27,997
down €27,997 (-7.8%), from €358,440 to €330,442
- Cash +€27,721
up €27,721 (+41.3%), from €67,176 to €94,898
mainly Net result for the year (+€73,947) and Depreciation (+€63,190)
- Stocks and contracts +€13,000
up €13,000 (+20.8%), from €62,377 to €75,377
- Reserves +€73,947
up €73,947 (+28.9%), from €256,278 to €330,225
of which Distributable reserves: +€73,947
- Trade debts -€8,066
down €8,066 (-39.2%), from €20,560 to €12,494
- Current portion of long-term debt +€6,359
up €6,359 (+24.4%), from €26,009 to €32,368
- Tax, wage and social debts -€6,104
down €6,104 (-26.4%), from €23,123 to €17,019
of which Taxes: -€9,617
- Gross operating margin +€92,227
up €92,227 (+46.4%), from €198,941 to €291,168
- Staff costs +€47,402
up €47,402 (+1,700%), from €2,789 to €50,191
- Financial charges +€28,165
up €28,165 (+72.3%), from €38,949 to €67,114
- Depreciation +€11,573
up €11,573 (+22.4%), from €51,616 to €63,190
- Other operating charges +€3,145
up €3,145 (+67.3%), from €4,676 to €7,821
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 | €535,729 | €606,514 | +€70,785 | +13.2% |
| Fixed assets | 21/28 | €358,440 | €330,442 | -€27,997 | -7.8% |
| Tangible fixed assets | 22/27 | €358,440 | €330,442 | -€27,997 | -7.8% |
| Land and buildings | 22 | €193,638 | €181,917 | -€11,721 | -6.1% |
| Plant, machinery and equipment | 23 | €33,270 | €24,236 | -€9,034 | -27.2% |
| Furniture and vehicles | 24 | €131,532 | €124,289 | -€7,243 | -5.5% |
| Current assets | 29/58 | €177,289 | €276,072 | +€98,783 | +55.7% |
| Stocks and contracts in progress | 3 | €62,377 | €75,377 | +€13,000 | +20.8% |
| Stocks | 30/36 | €62,377 | €75,377 | +€13,000 | +20.8% |
| Amounts receivable within one year | 40/41 | €46,528 | €105,372 | +€58,844 | +126% |
| Trade receivables | 40 | €42,848 | €81,662 | +€38,814 | +90.6% |
| Other amounts receivable | 41 | €3,680 | €23,710 | +€20,030 | +544% |
| Cash at bank and in hand | 54/58 | €67,176 | €94,898 | +€27,721 | +41.3% |
| Deferred charges and accrued income | 490/1 | €1,208 | €425 | -€783 | -64.8% |
| Total equity and liabilities | 10/49 | €535,729 | €606,514 | +€70,785 | +13.2% |
| Equity | 10/15 | €256,378 | €330,325 | +€73,947 | +28.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €256,278 | €330,225 | +€73,947 | +28.9% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €256,268 | €330,215 | +€73,947 | +28.9% |
| Amounts payable | 17/49 | €279,351 | €276,189 | -€3,162 | -1.1% |
| Amounts payable after more than one year | 17 | €189,073 | €193,379 | +€4,306 | +2.3% |
| Financial debts | 170/4 | €189,073 | €193,379 | +€4,306 | +2.3% |
| Amounts payable within one year | 42/48 | €90,278 | €82,810 | -€7,468 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €26,009 | €32,368 | +€6,359 | +24.4% |
| Financial debts | 43 | €20,586 | €20,929 | +€343 | +1.7% |
| Credit institutions | 430/8 | €20,586 | €20,929 | +€343 | +1.7% |
| Trade debts | 44 | €20,560 | €12,494 | -€8,066 | -39.2% |
| Suppliers | 440/4 | €20,560 | €12,494 | -€8,066 | -39.2% |
| Taxes, remuneration and social security | 45 | €23,123 | €17,019 | -€6,104 | -26.4% |
| Taxes | 450/3 | €18,625 | €9,008 | -€9,617 | -51.6% |
| Remuneration and social security | 454/9 | €4,498 | €8,011 | +€3,513 | +78.1% |
| Remuneration, social security and pensions | 62 | €2,789 | €50,191 | +€47,402 | +1,700% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,616 | €63,190 | +€11,573 | +22.4% |
| Other operating charges | 640/8 | €4,676 | €7,821 | +€3,145 | +67.3% |
| Gross operating margin | 9900 | €198,941 | €291,168 | +€92,227 | +46.4% |
| Operating profit (loss) | 9901 | €139,860 | €169,967 | +€30,107 | +21.5% |
| Financial income | 75/76B | €1,260 | €552 | -€708 | -56.2% |
| Recurring financial income | 75 | €1,260 | €552 | -€708 | -56.2% |
| Financial charges | 65/66B | €38,949 | €67,114 | +€28,165 | +72.3% |
| Recurring financial charges | 65 | €38,949 | €67,114 | +€28,165 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €102,170 | €103,404 | +€1,234 | +1.2% |
| Income taxes | 67/77 | €28,556 | €29,457 | +€901 | +3.2% |
| Profit (loss) for the period | 9904 | €73,614 | €73,947 | +€333 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,614 | €73,947 | +€333 | +0.5% |
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 13 October 2026 via checked.be.