LSCH: 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.
LSCH
Largest movements
- Cash +€22,024
up €22,024 (+40.9%), from €53,865 to €75,889
mainly Net result for the year (+€39,666) and Depreciation (+€1,608)
- Current investments +€18,500
up €18,500 (+51.4%), from €36,000 to €54,500
- Tangible fixed assets -€1,608
down €1,608 (-28.2%), from €5,710 to €4,102
of which Plant, machinery and equipment: -€1,239
- Reserves +€39,666
up €39,666 (+53.9%), from €73,544 to €113,210
- Tax, wage and social debts -€2,019
down €2,019 (-10.8%), from €18,682 to €16,663
- Gross operating margin -€3,805
down €3,805 (-7.0%), from €54,596 to €50,791
- Financial income +€941
new in 2025: €941
- Taxes -€655
down €655 (-6.1%), from €10,673 to €10,018
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 | €96,125 | €134,490 | +€38,365 | +39.9% |
| Fixed assets | 21/28 | €5,710 | €4,102 | -€1,608 | -28.2% |
| Tangible fixed assets | 22/27 | €5,710 | €4,102 | -€1,608 | -28.2% |
| Land and buildings | 22 | €1,320 | €951 | -€369 | -27.9% |
| Plant, machinery and equipment | 23 | €4,389 | €3,150 | -€1,239 | -28.2% |
| Current assets | 29/58 | €90,415 | €130,389 | +€39,973 | +44.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €36,000 | €54,500 | +€18,500 | +51.4% |
| Cash at bank and in hand | 54/58 | €53,865 | €75,889 | +€22,024 | +40.9% |
| Deferred charges and accrued income | 490/1 | €551 | - | -€551 | |
| Total equity and liabilities | 10/49 | €96,125 | €134,490 | +€38,365 | +39.9% |
| Equity | 10/15 | €76,544 | €116,210 | +€39,666 | +51.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,544 | €113,210 | +€39,666 | +53.9% |
| Distributable reserves | 133 | €73,544 | €113,210 | +€39,666 | +53.9% |
| Amounts payable | 17/49 | €19,581 | €18,280 | -€1,301 | -6.6% |
| Amounts payable within one year | 42/48 | €19,581 | €18,280 | -€1,301 | -6.6% |
| Trade debts | 44 | €484 | €424 | -€61 | -12.5% |
| Suppliers | 440/4 | €484 | €424 | -€61 | -12.5% |
| Taxes, remuneration and social security | 45 | €18,682 | €16,663 | -€2,019 | -10.8% |
| Taxes | 450/3 | €18,682 | €16,663 | -€2,019 | -10.8% |
| Other amounts payable | 47/48 | €415 | €1,194 | +€779 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,608 | €1,608 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €54,596 | €50,791 | -€3,805 | -7.0% |
| Operating profit (loss) | 9901 | €52,600 | €48,783 | -€3,817 | -7.3% |
| Financial income | 75/76B | - | €941 | +€941 | |
| Recurring financial income | 75 | - | €941 | +€941 | |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €52,557 | €49,684 | -€2,873 | -5.5% |
| Income taxes | 67/77 | €10,673 | €10,018 | -€655 | -6.1% |
| Profit (loss) for the period | 9904 | €41,884 | €39,666 | -€2,218 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,884 | €39,666 | -€2,218 | -5.3% |
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.