LCFin: 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.
LCFin
Largest movements
- Receivables within one year -€16,095
down €16,095 (-38.0%), from €42,389 to €26,294
of which Trade receivables: -€10,165
- Cash +€14,956
up €14,956 (+24.0%), from €62,259 to €77,215
mainly Net result for the year (+€50,695) and Other debts (+€37,458)
- Other debts +€37,458
up €37,458 (+189%), from €19,775 to €57,233
- Trade debts -€22,640
down €22,640 (-93.1%), from €24,317 to €1,677
- Debts after one year -€19,467
down €19,467 (-5.9%), from €328,570 to €309,103
- Other operating charges -€37,554
down €37,554 (-95.5%), from €39,325 to €1,771
- Gross operating margin +€21,612
up €21,612 (+28.3%), from €76,433 to €98,045
- Depreciation +€15,173
up €15,173 (+298%), from €5,087 to €20,260
- Taxes +€8,072
up €8,072 (+154%), from €5,226 to €13,298
- Financial charges +€4,825
up €4,825 (+65.7%), from €7,339 to €12,164
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 | €540,001 | €540,878 | +€877 | +0.2% |
| Fixed assets | 21/28 | €350,225 | €354,604 | +€4,379 | +1.3% |
| Tangible fixed assets | 22/27 | €350,225 | €354,604 | +€4,379 | +1.3% |
| Land and buildings | 22 | €350,225 | €344,934 | -€5,291 | -1.5% |
| Furniture and vehicles | 24 | - | €7,767 | +€7,767 | |
| Other tangible fixed assets | 26 | - | €1,903 | +€1,903 | |
| Current assets | 29/58 | €189,776 | €186,274 | -€3,502 | -1.8% |
| Amounts receivable within one year | 40/41 | €42,389 | €26,294 | -€16,095 | -38.0% |
| Trade receivables | 40 | €26,482 | €16,317 | -€10,165 | -38.4% |
| Other amounts receivable | 41 | €15,907 | €9,977 | -€5,930 | -37.3% |
| Current investments | 50/53 | €35,100 | €35,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,259 | €77,215 | +€14,956 | +24.0% |
| Deferred charges and accrued income | 490/1 | €50,028 | €47,665 | -€2,363 | -4.7% |
| Total equity and liabilities | 10/49 | €540,001 | €540,878 | +€877 | +0.2% |
| Equity | 10/15 | €138,332 | €138,332 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €137,332 | €137,332 | = | 0.0% |
| Distributable reserves | 133 | €137,332 | €137,332 | = | 0.0% |
| Amounts payable | 17/49 | €401,669 | €402,546 | +€877 | +0.2% |
| Amounts payable after more than one year | 17 | €328,570 | €309,103 | -€19,467 | -5.9% |
| Financial debts | 170/4 | €328,570 | €309,103 | -€19,467 | -5.9% |
| Amounts payable within one year | 42/48 | €72,616 | €93,443 | +€20,827 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €18,802 | €19,467 | +€665 | +3.5% |
| Trade debts | 44 | €24,317 | €1,677 | -€22,640 | -93.1% |
| Suppliers | 440/4 | €24,317 | €1,677 | -€22,640 | -93.1% |
| Taxes, remuneration and social security | 45 | €9,722 | €15,066 | +€5,344 | +55.0% |
| Taxes | 450/3 | €9,722 | €15,066 | +€5,344 | +55.0% |
| Other amounts payable | 47/48 | €19,775 | €57,233 | +€37,458 | +189% |
| Accrued charges and deferred income | 492/3 | €483 | - | -€483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,087 | €20,260 | +€15,173 | +298% |
| Other operating charges | 640/8 | €39,325 | €1,771 | -€37,554 | -95.5% |
| Gross operating margin | 9900 | €76,433 | €98,045 | +€21,612 | +28.3% |
| Operating profit (loss) | 9901 | €32,021 | €76,014 | +€43,993 | +137% |
| Financial income | 75/76B | €319 | €143 | -€176 | -55.2% |
| Recurring financial income | 75 | €319 | €143 | -€176 | -55.2% |
| Financial charges | 65/66B | €7,339 | €12,164 | +€4,825 | +65.7% |
| Recurring financial charges | 65 | €7,339 | €12,164 | +€4,825 | +65.7% |
| Profit (loss) for the period before taxes | 9903 | €25,001 | €63,993 | +€38,992 | +156% |
| Income taxes | 67/77 | €5,226 | €13,298 | +€8,072 | +154% |
| Profit (loss) for the period | 9904 | €19,775 | €50,695 | +€30,920 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €19,775 | €50,695 | +€30,920 | +156% |
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 27 October 2026 via checked.be.