LSP: what changed
Two fiscal 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.
LSP
Largest movements
- Cash +€174,475
up €174,475 (+140.3%), from €124,399 to €298,874
mainly Net result for the year (+€250,018) and Other debts (+€129,729)
- Receivables within one year -€92,631
down €92,631 (-88.4%), from €104,787 to €12,156
of which Trade receivables: -€98,728
- Current investments +€6,651
up €6,651 (+5.3%), from €125,036 to €131,687
- Other debts +€129,729
up €129,729 (+40.1%), from €323,495 to €453,223
- Trade debts -€22,611
down €22,611 (-98.1%), from €23,056 to €445
- Tax, wage and social debts -€15,981
no longer reported in 2025 (was €15,981)
of which Taxes: -€15,976
- Gross operating margin -€20,963
down €20,963 (-5.8%), from €363,865 to €342,902
- Depreciation +€5,470
up €5,470 (+68.4%), from €7,994 to €13,465
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.
Cash bridge derived
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 | €415,023 | €506,158 | +€91,136 | +22.0% |
| Fixed assets | 21/28 | €60,801 | €63,442 | +€2,641 | +4.3% |
| Tangible fixed assets | 22/27 | €60,801 | €63,442 | +€2,641 | +4.3% |
| Furniture and vehicles | 24 | €24,629 | €16,692 | -€7,937 | -32.2% |
| Other tangible fixed assets | 26 | €36,172 | €46,750 | +€10,578 | +29.2% |
| Current assets | 29/58 | €354,222 | €442,717 | +€88,495 | +25.0% |
| Amounts receivable within one year | 40/41 | €104,787 | €12,156 | -€92,631 | -88.4% |
| Trade receivables | 40 | €104,787 | €6,059 | -€98,728 | -94.2% |
| Other amounts receivable | 41 | - | €6,097 | +€6,097 | |
| Current investments | 50/53 | €125,036 | €131,687 | +€6,651 | +5.3% |
| Cash at bank and in hand | 54/58 | €124,399 | €298,874 | +€174,475 | +140.3% |
| Total equity and liabilities | 10/49 | €415,023 | €506,158 | +€91,136 | +22.0% |
| Equity | 10/15 | €52,490 | €52,490 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €52,314 | €52,314 | = | 0.0% |
| Distributable reserves | 133 | €52,314 | €52,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176 | €176 | = | 0.0% |
| Amounts payable | 17/49 | €362,532 | €453,668 | +€91,136 | +25.1% |
| Amounts payable within one year | 42/48 | €362,532 | €453,668 | +€91,136 | +25.1% |
| Trade debts | 44 | €23,056 | €445 | -€22,611 | -98.1% |
| Suppliers | 440/4 | €23,056 | €445 | -€22,611 | -98.1% |
| Taxes, remuneration and social security | 45 | €15,981 | - | -€15,981 | |
| Taxes | 450/3 | €15,976 | - | -€15,976 | |
| Remuneration and social security | 454/9 | €5 | - | -€5 | |
| Other amounts payable | 47/48 | €323,495 | €453,223 | +€129,729 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,994 | €13,465 | +€5,470 | +68.4% |
| Other operating charges | 640/8 | €809 | €1,061 | +€252 | +31.2% |
| Gross operating margin | 9900 | €363,865 | €342,902 | -€20,963 | -5.8% |
| Operating profit (loss) | 9901 | €355,062 | €328,376 | -€26,686 | -7.5% |
| Financial income | 75/76B | €836 | €1,027 | +€190 | +22.8% |
| Recurring financial income | 75 | €836 | €1,027 | +€190 | +22.8% |
| Financial charges | 65/66B | €152 | €402 | +€250 | +164.8% |
| Recurring financial charges | 65 | €152 | €402 | +€250 | +164.8% |
| Profit (loss) for the period before taxes | 9903 | €355,746 | €329,001 | -€26,746 | -7.5% |
| Income taxes | 67/77 | €81,011 | €78,982 | -€2,028 | -2.5% |
| Profit (loss) for the period | 9904 | €274,735 | €250,018 | -€24,717 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €274,735 | €250,018 | -€24,717 | -9.0% |
Source: filed annual accounts (NBB), fiscal years ended 1 October 2024 and 1 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.