LC²: 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.
LC²
Largest movements
- Cash +€53,001
up €53,001 (+198.1%), from €26,757 to €79,758
mainly Other debts (+€84,810) and Net result for the year (+€56,839)
- Tangible fixed assets -€16,164
down €16,164 (-19.0%), from €85,082 to €68,919
of which Other tangible fixed assets: -€11,082
- Deferred charges and accrued income -€3,572
down €3,572 (-61.3%), from €5,826 to €2,254
- Receivables within one year -€2,196
down €2,196 (-5.6%), from €38,962 to €36,766
of which Trade receivables: -€2,196
- Other debts +€84,810
up €84,810 (+121.2%), from €69,983 to €154,793
- Profit (loss) carried forward -€52,950
down €52,950 (-98.4%), from €53,788 to €839
- Trade debts -€1,934
down €1,934 (-33.1%), from €5,834 to €3,900
- Depreciation -€3,809
down €3,809 (-35.4%), from €10,764 to €6,955
- Taxes +€2,770
up €2,770 (+16.4%), from €16,876 to €19,646
- Gross operating margin +€2,170
up €2,170 (+2.6%), from €81,889 to €84,059
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 | €156,627 | €187,697 | +€31,070 | +19.8% |
| Fixed assets | 21/28 | €85,082 | €68,919 | -€16,164 | -19.0% |
| Tangible fixed assets | 22/27 | €85,082 | €68,919 | -€16,164 | -19.0% |
| Plant, machinery and equipment | 23 | - | €1,855 | +€1,855 | |
| Furniture and vehicles | 24 | €15,087 | €8,151 | -€6,936 | -46.0% |
| Other tangible fixed assets | 26 | €69,995 | €58,913 | -€11,082 | -15.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €71,545 | €118,778 | +€47,234 | +66.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €38,962 | €36,766 | -€2,196 | -5.6% |
| Trade receivables | 40 | €38,962 | €36,766 | -€2,196 | -5.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €26,757 | €79,758 | +€53,001 | +198.1% |
| Deferred charges and accrued income | 490/1 | €5,826 | €2,254 | -€3,572 | -61.3% |
| Total equity and liabilities | 10/49 | €156,627 | €187,697 | +€31,070 | +19.8% |
| Equity | 10/15 | €58,788 | €5,839 | -€52,950 | -90.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,788 | €839 | -€52,950 | -98.4% |
| Amounts payable | 17/49 | €97,839 | €181,859 | +€84,020 | +85.9% |
| Amounts payable within one year | 42/48 | €97,428 | €181,859 | +€84,431 | +86.7% |
| Trade debts | 44 | €5,834 | €3,900 | -€1,934 | -33.1% |
| Suppliers | 440/4 | €5,834 | €3,900 | -€1,934 | -33.1% |
| Taxes, remuneration and social security | 45 | €21,611 | €23,165 | +€1,554 | +7.2% |
| Taxes | 450/3 | €21,611 | €23,165 | +€1,554 | +7.2% |
| Other amounts payable | 47/48 | €69,983 | €154,793 | +€84,810 | +121.2% |
| Accrued charges and deferred income | 492/3 | €411 | €0 | -€411 | -100.0% |
| Non-recurring operating income | 76A | - | €13,927 | +€13,927 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,764 | €6,955 | -€3,809 | -35.4% |
| Other operating charges | 640/8 | €613 | €546 | -€67 | -10.9% |
| Gross operating margin | 9900 | €81,889 | €84,059 | +€2,170 | +2.6% |
| Operating profit (loss) | 9901 | €70,513 | €76,558 | +€6,045 | +8.6% |
| Financial income | 75/76B | €660 | €1 | -€659 | -99.9% |
| Recurring financial income | 75 | €660 | €1 | -€659 | -99.9% |
| Financial charges | 65/66B | €605 | €74 | -€531 | -87.8% |
| Recurring financial charges | 65 | €605 | €74 | -€531 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €70,567 | €76,484 | +€5,917 | +8.4% |
| Income taxes | 67/77 | €16,876 | €19,646 | +€2,770 | +16.4% |
| Profit (loss) for the period | 9904 | €53,692 | €56,839 | +€3,147 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,692 | €56,839 | +€3,147 | +5.9% |
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 10 October 2026 via checked.be.