LST: 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.
LST
Largest movements
- Receivables within one year +€241,698
up €241,698 (+22.9%), from €1.1m to €1.3m
of which Trade receivables: +€257,036
- Cash -€208,830
down €208,830 (-76.7%), from €272,443 to €63,613
mainly Receivables within one year (-€241,698) and Contributions, distributions and other (-€110,707)
- Trade debts +€20,995
up €20,995 (+1.7%), from €1.2m to €1.2m
- Gross operating margin +€10,294
up €10,294 (+10.1%), from €101,594 to €111,888
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 | €1,328,145 | €1,361,013 | +€32,868 | +2.5% |
| Current assets | 29/58 | €1,328,145 | €1,361,013 | +€32,868 | +2.5% |
| Amounts receivable within one year | 40/41 | €1,055,702 | €1,297,400 | +€241,698 | +22.9% |
| Trade receivables | 40 | €1,040,364 | €1,297,400 | +€257,036 | +24.7% |
| Other amounts receivable | 41 | €15,338 | €0 | -€15,338 | -100.0% |
| Cash at bank and in hand | 54/58 | €272,443 | €63,613 | -€208,830 | -76.7% |
| Total equity and liabilities | 10/49 | €1,328,145 | €1,361,013 | +€32,868 | +2.5% |
| Equity | 10/15 | €22,543 | €22,543 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,943 | €3,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,943 | €3,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,305,603 | €1,338,471 | +€32,868 | +2.5% |
| Amounts payable within one year | 42/48 | €1,305,603 | €1,338,471 | +€32,868 | +2.5% |
| Trade debts | 44 | €1,204,630 | €1,225,625 | +€20,995 | +1.7% |
| Suppliers | 440/4 | €1,204,630 | €1,225,625 | +€20,995 | +1.7% |
| Taxes, remuneration and social security | 45 | - | €2,139 | +€2,139 | |
| Taxes | 450/3 | - | €2,139 | +€2,139 | |
| Other amounts payable | 47/48 | €100,973 | €110,707 | +€9,734 | +9.6% |
| Other operating charges | 640/8 | €516 | €1,108 | +€592 | +114.7% |
| Gross operating margin | 9900 | €101,594 | €111,888 | +€10,294 | +10.1% |
| Operating profit (loss) | 9901 | €101,078 | €110,780 | +€9,702 | +9.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €105 | €74 | -€31 | -29.9% |
| Recurring financial charges | 65 | €105 | €74 | -€31 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €100,973 | €110,707 | +€9,734 | +9.6% |
| Profit (loss) for the period | 9904 | €100,973 | €110,707 | +€9,734 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,973 | €110,707 | +€9,734 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.