LSR Dreams: 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.
LSR Dreams
Largest movements
- Receivables within one year -€8,591
down €8,591 (-90.6%), from €9,478 to €887
of which Trade receivables: -€8,773
- Cash -€5,894
down €5,894 (-38.0%), from €15,513 to €9,618
mainly Net result for the year (-€10,900) and Trade debts (-€8,706)
- Stocks and contracts -€5,372
down €5,372 (-49.7%), from €10,815 to €5,443
- Tangible fixed assets -€2,283
down €2,283 (-50.0%), from €4,567 to €2,285
- Profit (loss) carried forward -€10,900
down €10,900 (-59.6%), from -€18,282 to -€29,182
- Trade debts -€8,706
down €8,706 (-43.3%), from €20,115 to €11,409
- Other debts -€2,803
down €2,803 (-8.2%), from €34,237 to €31,434
- Financial charges -€18,395
down €18,395 (-87.0%), from €21,154 to €2,759
of which Financial charges: -€11,214
- Gross operating margin -€8,491
down €8,491 (-50.2%), from €16,921 to €8,431
- Staff costs +€1,862
up €1,862 (+16.9%), from €10,993 to €12,854
- Other operating charges +€911
up €911 (+174%), from €524 to €1,435
- Depreciation -€282
down €282 (-11.0%), from €2,565 to €2,283
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 | €40,373 | €18,323 | -€22,050 | -54.6% |
| Fixed assets | 21/28 | €4,567 | €2,285 | -€2,283 | -50.0% |
| Tangible fixed assets | 22/27 | €4,567 | €2,285 | -€2,283 | -50.0% |
| Plant, machinery and equipment | 23 | €1,695 | €644 | -€1,051 | -62.0% |
| Furniture and vehicles | 24 | €619 | €353 | -€266 | -43.0% |
| Leasing and similar rights | 25 | €2,253 | €1,288 | -€965 | -42.8% |
| Current assets | 29/58 | €35,805 | €16,038 | -€19,767 | -55.2% |
| Stocks and contracts in progress | 3 | €10,815 | €5,443 | -€5,372 | -49.7% |
| Stocks | 30/36 | €10,815 | €5,443 | -€5,372 | -49.7% |
| Amounts receivable within one year | 40/41 | €9,478 | €887 | -€8,591 | -90.6% |
| Trade receivables | 40 | €8,773 | - | -€8,773 | |
| Other amounts receivable | 41 | €705 | €887 | +€182 | +25.7% |
| Cash at bank and in hand | 54/58 | €15,513 | €9,618 | -€5,894 | -38.0% |
| Deferred charges and accrued income | 490/1 | - | €90 | +€90 | |
| Total equity and liabilities | 10/49 | €40,373 | €18,323 | -€22,050 | -54.6% |
| Equity | 10/15 | -€15,782 | -€26,682 | -€10,900 | -69.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,282 | -€29,182 | -€10,900 | -59.6% |
| Amounts payable | 17/49 | €56,154 | €45,005 | -€11,150 | -19.9% |
| Amounts payable within one year | 42/48 | €56,154 | €45,005 | -€11,150 | -19.9% |
| Trade debts | 44 | €20,115 | €11,409 | -€8,706 | -43.3% |
| Suppliers | 440/4 | €20,115 | €11,409 | -€8,706 | -43.3% |
| Taxes, remuneration and social security | 45 | €1,803 | €2,162 | +€359 | +19.9% |
| Taxes | 450/3 | €1,803 | €1,544 | -€259 | -14.4% |
| Remuneration and social security | 454/9 | - | €618 | +€618 | |
| Other amounts payable | 47/48 | €34,237 | €31,434 | -€2,803 | -8.2% |
| Remuneration, social security and pensions | 62 | €10,993 | €12,854 | +€1,862 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,565 | €2,283 | -€282 | -11.0% |
| Other operating charges | 640/8 | €524 | €1,435 | +€911 | +174% |
| Gross operating margin | 9900 | €16,921 | €8,431 | -€8,491 | -50.2% |
| Operating profit (loss) | 9901 | €2,840 | -€8,141 | -€10,981 | |
| Financial income | 75/76B | €33 | €0 | -€33 | -99.8% |
| Recurring financial income | 75 | €33 | €0 | -€33 | -99.8% |
| Financial charges | 65/66B | €21,154 | €2,759 | -€18,395 | -87.0% |
| Recurring financial charges | 65 | €13,974 | €2,759 | -€11,214 | -80.3% |
| Non-recurring financial charges | 66B | €7,181 | - | -€7,181 | |
| Profit (loss) for the period before taxes | 9903 | -€18,282 | -€10,900 | +€7,381 | +40.4% |
| Profit (loss) for the period | 9904 | -€18,282 | -€10,900 | +€7,381 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,282 | -€10,900 | +€7,381 | +40.4% |
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 24 October 2026 via checked.be.