LSDC FRANCHISING: what changed
What changed
LSDC FRANCHISING
NACE 46.441, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€1,268
2023 · -€191+€1,459
Equity
€71,148
2023 · €69,880+€1,268
Cash
€80,348
2023 · €115,939-€35,591
Balance sheet total
€659,389
2023 · €563,006+€96,383
Largest movements
Assets
- Receivables within one year +€139,163
up €139,163 (+36.0%), from €386,781 to €525,944
of which Trade receivables: +€139,018
- Cash -€35,591
down €35,591 (-30.7%), from €115,939 to €80,348
mainly Receivables within one year (-€139,163) and Accrued charges and deferred income (-€7,253)
- Stocks and contracts -€6,752
down €6,752 (-34.0%), from €19,861 to €13,109
Equity and liabilities
- Trade debts +€64,613
up €64,613 (+20.1%), from €320,964 to €385,577
- Other debts +€28,074
up €28,074 (+31.4%), from €89,407 to €117,481
- Accrued charges and deferred income -€7,253
down €7,253 (-100%), from €7,253 to €0
Income statement
- Depreciation -€7,168
down €7,168 (-70.3%), from €10,199 to €3,031
- Gross operating margin -€6,052
down €6,052 (-2.5%), from €239,239 to €233,186
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€191
Gross operating margin
-€6,052
Staff costs
+€1,847
Depreciation
+€7,168
Other operating charges
-€767
Financial income
-€10
Financial charges
-€1,150
Taxes
+€423
Result 2024
€1,268
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€41,919
Investment
€0
Financing
+€6,329
Cash 2023
€115,939
From operations (derived)
-€41,919
Net result for the year
+€1,268
Depreciation
+€3,031
Stocks and contracts
+€6,752
Receivables within one year
-€139,163
Deferred charges and accrued income
-€2,594
Trade debts
+€64,613
Tax, wage and social debts
+€3,353
Other debts
+€28,074
Accrued charges and deferred income
-€7,253
Financing
+€6,329
Current portion of long-term debt
+€6,329
Cash 2024
€80,348
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,006 | €659,389 | +€96,383 | +17.1% |
| Fixed assets | 21/28 | €7,579 | €4,548 | -€3,031 | -40.0% |
| Intangible fixed assets | 21 | €415 | €348 | -€68 | -16.3% |
| Tangible fixed assets | 22/27 | €7,164 | €4,200 | -€2,963 | -41.4% |
| Plant, machinery and equipment | 23 | €1,174 | €783 | -€391 | -33.3% |
| Other tangible fixed assets | 26 | €5,989 | €3,418 | -€2,572 | -42.9% |
| Current assets | 29/58 | €555,427 | €654,841 | +€99,414 | +17.9% |
| Stocks and contracts in progress | 3 | €19,861 | €13,109 | -€6,752 | -34.0% |
| Stocks | 30/36 | €19,861 | €13,109 | -€6,752 | -34.0% |
| Amounts receivable within one year | 40/41 | €386,781 | €525,944 | +€139,163 | +36.0% |
| Trade receivables | 40 | €386,781 | €525,799 | +€139,018 | +35.9% |
| Other amounts receivable | 41 | - | €146 | +€146 | |
| Cash at bank and in hand | 54/58 | €115,939 | €80,348 | -€35,591 | -30.7% |
| Deferred charges and accrued income | 490/1 | €32,846 | €35,440 | +€2,594 | +7.9% |
| Total equity and liabilities | 10/49 | €563,006 | €659,389 | +€96,383 | +17.1% |
| Equity | 10/15 | €69,880 | €71,148 | +€1,268 | +1.8% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €49,585 | €49,585 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,200 | €4,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,200 | €4,200 | = | 0.0% |
| Distributable reserves | 133 | €45,385 | €45,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,705 | -€20,437 | +€1,268 | +5.8% |
| Amounts payable | 17/49 | €493,126 | €588,242 | +€95,115 | +19.3% |
| Amounts payable within one year | 42/48 | €485,873 | €588,242 | +€102,368 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €16,329 | +€6,329 | +63.3% |
| Trade debts | 44 | €320,964 | €385,577 | +€64,613 | +20.1% |
| Suppliers | 440/4 | €320,964 | €385,577 | +€64,613 | +20.1% |
| Taxes, remuneration and social security | 45 | €65,502 | €68,855 | +€3,353 | +5.1% |
| Taxes | 450/3 | €42,116 | €48,434 | +€6,319 | +15.0% |
| Remuneration and social security | 454/9 | €23,387 | €20,421 | -€2,966 | -12.7% |
| Other amounts payable | 47/48 | €89,407 | €117,481 | +€28,074 | +31.4% |
| Accrued charges and deferred income | 492/3 | €7,253 | €0 | -€7,253 | -100% |
| Remuneration, social security and pensions | 62 | €193,422 | €191,575 | -€1,847 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,199 | €3,031 | -€7,168 | -70.3% |
| Other operating charges | 640/8 | €16,837 | €17,605 | +€767 | +4.6% |
| Gross operating margin | 9900 | €239,239 | €233,186 | -€6,052 | -2.5% |
| Operating profit (loss) | 9901 | €18,780 | €20,976 | +€2,196 | +11.7% |
| Financial income | 75/76B | €13 | €3 | -€10 | -76.4% |
| Recurring financial income | 75 | €13 | €3 | -€10 | -76.4% |
| Financial charges | 65/66B | €14,199 | €15,349 | +€1,150 | +8.1% |
| Recurring financial charges | 65 | €14,199 | €15,349 | +€1,150 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €4,594 | €5,630 | +€1,036 | +22.6% |
| Income taxes | 67/77 | €4,785 | €4,362 | -€423 | -8.8% |
| Profit (loss) for the period | 9904 | -€191 | €1,268 | +€1,459 | |
| Profit (loss) for the period to be appropriated | 9905 | -€191 | €1,268 | +€1,459 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.