LSnT: 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.
LSnT
Largest movements
- Tangible fixed assets +€61,725
up €61,725 (+409%), from €15,086 to €76,812
of which Furniture and vehicles: +€63,812
- Cash -€42,444
down €42,444 (-26.6%), from €159,269 to €116,825
mainly Contributions, distributions and other (-€119,564) and Investment in fixed assets (net) (-€77,307)
- Deferred charges and accrued income -€3,593
down €3,593 (-29.1%), from €12,351 to €8,758
- Debts after one year +€26,166
new in 2025: €26,166
- Contributions -€17,700
down €17,700 (-94.7%), from €18,700 to €1,000
- Current portion of long-term debt +€7,660
up €7,660, from €0 to €7,660
- Depreciation +€13,136
up €13,136 (+537%), from €2,446 to €15,581
- Gross operating margin +€6,823
up €6,823 (+4.8%), from €141,159 to €147,982
- Taxes -€1,702
down €1,702 (-5.6%), from €30,664 to €28,962
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 | €186,706 | €202,748 | +€16,042 | +8.6% |
| Fixed assets | 21/28 | €15,086 | €76,812 | +€61,725 | +409% |
| Tangible fixed assets | 22/27 | €15,086 | €76,812 | +€61,725 | +409% |
| Plant, machinery and equipment | 23 | €1,026 | €656 | -€370 | -36.0% |
| Furniture and vehicles | 24 | €278 | €64,090 | +€63,812 | +22,988% |
| Other tangible fixed assets | 26 | €13,783 | €12,066 | -€1,717 | -12.5% |
| Current assets | 29/58 | €171,620 | €125,936 | -€45,684 | -26.6% |
| Amounts receivable within one year | 40/41 | €0 | €354 | +€354 | |
| Trade receivables | 40 | €0 | €354 | +€354 | |
| Cash at bank and in hand | 54/58 | €159,269 | €116,825 | -€42,444 | -26.6% |
| Deferred charges and accrued income | 490/1 | €12,351 | €8,758 | -€3,593 | -29.1% |
| Total equity and liabilities | 10/49 | €186,706 | €202,748 | +€16,042 | +8.6% |
| Equity | 10/15 | €18,700 | €1,000 | -€17,700 | -94.7% |
| Contributions | 10/11 | €18,700 | €1,000 | -€17,700 | -94.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €168,006 | €201,748 | +€33,742 | +20.1% |
| Amounts payable after more than one year | 17 | - | €26,166 | +€26,166 | |
| Financial debts | 170/4 | - | €26,166 | +€26,166 | |
| Amounts payable within one year | 42/48 | €167,536 | €175,175 | +€7,640 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,660 | +€7,660 | |
| Trade debts | 44 | €1,727 | €2,355 | +€628 | +36.4% |
| Suppliers | 440/4 | €1,727 | €2,355 | +€628 | +36.4% |
| Taxes, remuneration and social security | 45 | €13,390 | €12,184 | -€1,206 | -9.0% |
| Taxes | 450/3 | €13,390 | €12,184 | -€1,206 | -9.0% |
| Other amounts payable | 47/48 | €152,419 | €152,977 | +€557 | +0.4% |
| Accrued charges and deferred income | 492/3 | €470 | €407 | -€63 | -13.5% |
| Non-recurring operating income | 76A | - | €8,500 | +€8,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,446 | €15,581 | +€13,136 | +537% |
| Other operating charges | 640/8 | €1,503 | €1,351 | -€152 | -10.1% |
| Gross operating margin | 9900 | €141,159 | €147,982 | +€6,823 | +4.8% |
| Operating profit (loss) | 9901 | €137,210 | €131,050 | -€6,161 | -4.5% |
| Financial income | 75/76B | €744 | €1,050 | +€306 | +41.1% |
| Recurring financial income | 75 | €744 | €1,050 | +€306 | +41.1% |
| Financial charges | 65/66B | €386 | €1,274 | +€888 | +230% |
| Recurring financial charges | 65 | €386 | €1,274 | +€888 | +230% |
| Profit (loss) for the period before taxes | 9903 | €137,569 | €130,826 | -€6,743 | -4.9% |
| Income taxes | 67/77 | €30,664 | €28,962 | -€1,702 | -5.6% |
| Profit (loss) for the period | 9904 | €106,905 | €101,864 | -€5,040 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €106,905 | €101,864 | -€5,040 | -4.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.