LSL Invest: 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.
LSL Invest
Largest movements
- Receivables within one year -€2,835
down €2,835 (-89.7%), from €3,160 to €325
of which Trade receivables: -€2,835
- Other debts -€18,196
down €18,196 (-26.3%), from €69,188 to €50,992
- Tax, wage and social debts +€7,933
up €7,933 (+151%), from €5,245 to €13,178
- Reserves +€7,463
up €7,463 (+241%), from €3,099 to €10,562
of which Tax-exempt reserves: +€7,463
- Profit (loss) carried forward -€3,036
down €3,036 (-3.0%), from -€101,459 to -€104,495
- Provisions +€2,488
new in 2026: €2,488
- Purchases and services +€8,646
new in 2026: €8,646
- Turnover +€8,100
new in 2026: €8,100
- Gross operating margin -€3,723
down €3,723 (-28.1%), from €13,271 to €9,548
- Other operating charges -€876
no longer reported in 2026 (was €876)
- Financial charges +€518
up €518 (+24.5%), from €2,116 to €2,634
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,367 | €505 | -€2,862 | -85.0% |
| Fixed assets | 21/28 | €178 | €178 | = | 0.0% |
| Financial fixed assets | 28 | €178 | €178 | = | 0.0% |
| Current assets | 29/58 | €3,189 | €327 | -€2,862 | -89.7% |
| Amounts receivable within one year | 40/41 | €3,160 | €325 | -€2,835 | -89.7% |
| Trade receivables | 40 | €2,835 | - | -€2,835 | |
| Other amounts receivable | 41 | €325 | €325 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €29 | - | -€29 | |
| Deferred charges and accrued income | 490/1 | - | €2 | +€2 | |
| Total equity and liabilities | 10/49 | €3,367 | €505 | -€2,862 | -85.0% |
| Equity | 10/15 | -€79,761 | -€75,333 | +€4,428 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,099 | €10,562 | +€7,463 | +241% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | - | €7,463 | +€7,463 | |
| Profit (loss) carried forward | 14 | -€101,459 | -€104,495 | -€3,036 | -3.0% |
| Provisions and deferred taxes | 16 | - | €2,488 | +€2,488 | |
| Deferred taxes | 168 | - | €2,488 | +€2,488 | |
| Amounts payable | 17/49 | €83,128 | €73,350 | -€9,778 | -11.8% |
| Amounts payable within one year | 42/48 | €82,158 | €71,894 | -€10,264 | -12.5% |
| Financial debts | 43 | €4,346 | €4,346 | +€0 | 0.0% |
| Credit institutions | 430/8 | €4,346 | €4,346 | +€0 | 0.0% |
| Trade debts | 44 | €3,379 | €3,378 | -€1 | 0.0% |
| Suppliers | 440/4 | €3,379 | €3,378 | -€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €5,245 | €13,178 | +€7,933 | +151% |
| Taxes | 450/3 | €5,245 | €13,178 | +€7,933 | +151% |
| Other amounts payable | 47/48 | €69,188 | €50,992 | -€18,196 | -26.3% |
| Accrued charges and deferred income | 492/3 | €970 | €1,456 | +€486 | +50.1% |
| Turnover | 70 | - | €8,100 | +€8,100 | |
| Non-recurring operating income | 76A | €1,815 | €9,694 | +€7,879 | +434% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €8,646 | +€8,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | - | -€417 | |
| Other operating charges | 640/8 | €876 | - | -€876 | |
| Gross operating margin | 9900 | €13,271 | €9,548 | -€3,723 | -28.1% |
| Operating profit (loss) | 9901 | €11,978 | €9,548 | -€2,430 | -20.3% |
| Financial charges | 65/66B | €2,116 | €2,634 | +€518 | +24.5% |
| Recurring financial charges | 65 | €2,116 | €2,634 | +€518 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €9,862 | €6,914 | -€2,948 | -29.9% |
| Transfer to deferred taxes | 680 | - | €2,488 | +€2,488 | |
| Income taxes | 67/77 | €202 | - | -€202 | |
| Profit (loss) for the period | 9904 | €9,661 | €4,426 | -€5,235 | -54.2% |
| Transfer to tax-exempt reserves | 689 | - | €7,462 | +€7,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,661 | -€3,036 | -€12,697 |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.