LCON: 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.
LCON
Largest movements
- Tangible fixed assets +€48,140
up €48,140 (+172%), from €28,065 to €76,205
of which Other tangible fixed assets: +€41,722
- Receivables within one year -€45,827
down €45,827 (-53.1%), from €86,364 to €40,537
of which Trade receivables: -€52,024
- Cash +€25,774
up €25,774 (+30.3%), from €85,039 to €110,814
mainly Trade debts (+€79,661) and Debts after one year (+€77,456)
- Receivables after one year +€18,091
up €18,091 (+35.9%), from €50,409 to €68,500
- Reserves -€178,549
down €178,549 (-99.0%), from €180,409 to €1,860
of which Distributable reserves: -€178,549
- Contributions +€100,000
up €100,000 (+10,000%), from €1,000 to €101,000
- Trade debts +€79,661
up €79,661 (+3,203%), from €2,487 to €82,148
- Debts after one year +€77,456
up €77,456 (+60.2%), from €128,721 to €206,177
- Profit (loss) carried forward -€44,517
new in 2025: -€44,517
- Gross operating margin -€101,753
down €101,753, from €66,366 to -€35,386
- Taxes -€11,927
down €11,927 (-97.2%), from €12,276 to €349
- Financial charges -€9,139
down €9,139 (-96.8%), from €9,438 to €298
- Depreciation +€2,982
up €2,982 (+48.5%), from €6,143 to €9,125
- Other operating charges -€1,532
down €1,532 (-62.7%), from €2,445 to €913
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 | €338,359 | €383,498 | +€45,139 | +13.3% |
| Fixed assets | 21/28 | €114,065 | €162,205 | +€48,140 | +42.2% |
| Tangible fixed assets | 22/27 | €28,065 | €76,205 | +€48,140 | +172% |
| Plant, machinery and equipment | 23 | €533 | €355 | -€178 | -33.4% |
| Furniture and vehicles | 24 | €3,349 | €9,945 | +€6,596 | +197% |
| Other tangible fixed assets | 26 | €24,183 | €65,905 | +€41,722 | +173% |
| Financial fixed assets | 28 | €86,000 | €86,000 | = | 0.0% |
| Current assets | 29/58 | €224,294 | €221,293 | -€3,001 | -1.3% |
| Amounts receivable after more than one year | 29 | €50,409 | €68,500 | +€18,091 | +35.9% |
| Other amounts receivable | 291 | €50,409 | €68,500 | +€18,091 | +35.9% |
| Amounts receivable within one year | 40/41 | €86,364 | €40,537 | -€45,827 | -53.1% |
| Trade receivables | 40 | €81,064 | €29,040 | -€52,024 | -64.2% |
| Other amounts receivable | 41 | €5,300 | €11,497 | +€6,197 | +117% |
| Cash at bank and in hand | 54/58 | €85,039 | €110,814 | +€25,774 | +30.3% |
| Deferred charges and accrued income | 490/1 | €2,482 | €1,443 | -€1,039 | -41.9% |
| Total equity and liabilities | 10/49 | €338,359 | €383,498 | +€45,139 | +13.3% |
| Equity | 10/15 | €181,409 | €58,343 | -€123,066 | -67.8% |
| Contributions | 10/11 | €1,000 | €101,000 | +€100,000 | +10,000% |
| Reserves | 13 | €180,409 | €1,860 | -€178,549 | -99.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €178,549 | - | -€178,549 | |
| Profit (loss) carried forward | 14 | - | -€44,517 | -€44,517 | |
| Amounts payable | 17/49 | €156,949 | €325,155 | +€168,206 | +107% |
| Amounts payable after more than one year | 17 | €128,721 | €206,177 | +€77,456 | +60.2% |
| Other amounts payable | 178/9 | €128,721 | €206,177 | +€77,456 | +60.2% |
| Amounts payable within one year | 42/48 | €21,990 | €117,268 | +€95,278 | +433% |
| Financial debts | 43 | €2,537 | - | -€2,537 | |
| Credit institutions | 430/8 | €2,537 | - | -€2,537 | |
| Trade debts | 44 | €2,487 | €82,148 | +€79,661 | +3,203% |
| Suppliers | 440/4 | €2,487 | €82,148 | +€79,661 | +3,203% |
| Taxes, remuneration and social security | 45 | €16,965 | €35,120 | +€18,154 | +107% |
| Taxes | 450/3 | €14,765 | €32,920 | +€18,154 | +123% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,239 | €1,710 | -€4,529 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,143 | €9,125 | +€2,982 | +48.5% |
| Other operating charges | 640/8 | €2,445 | €913 | -€1,532 | -62.7% |
| Gross operating margin | 9900 | €66,366 | -€35,386 | -€101,753 | |
| Operating profit (loss) | 9901 | €57,779 | -€45,424 | -€103,202 | |
| Financial income | 75/76B | €128 | €1,554 | +€1,426 | +1,112% |
| Recurring financial income | 75 | €128 | €1,554 | +€1,426 | +1,112% |
| Financial charges | 65/66B | €9,438 | €298 | -€9,139 | -96.8% |
| Recurring financial charges | 65 | €9,438 | €298 | -€9,139 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €48,469 | -€44,168 | -€92,637 | |
| Income taxes | 67/77 | €12,276 | €349 | -€11,927 | -97.2% |
| Profit (loss) for the period | 9904 | €36,193 | -€44,517 | -€80,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,193 | -€44,517 | -€80,710 |
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 21 October 2026 via checked.be.