A. Lhermitte Construction: 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.
A. Lhermitte Construction
Largest movements
- Tangible fixed assets +€47,479
up €47,479 (+85.9%), from €55,277 to €102,756
of which Land and buildings: +€73,714
- Cash +€18,759
up €18,759 (+153%), from €12,284 to €31,043
mainly Debts after one year (+€61,384) and Depreciation (+€28,032)
- Receivables within one year -€7,621
down €7,621 (-37.8%), from €20,157 to €12,536
of which Trade receivables: -€8,676
- Stocks and contracts +€5,678
up €5,678 (+312%), from €1,823 to €7,500
- Debts after one year +€61,384
up €61,384 (+562%), from €10,915 to €72,300
- Profit (loss) carried forward +€11,100
up €11,100 (+145%), from €7,652 to €18,752
- Other debts -€4,501
down €4,501 (-11.2%), from €40,052 to €35,551
- Trade debts -€3,991
down €3,991 (-31.1%), from €12,818 to €8,827
- Current portion of long-term debt +€2,011
up €2,011 (+15.7%), from €12,783 to €14,794
- Gross operating margin +€26,533
up €26,533 (+153%), from €17,390 to €43,923
- Depreciation -€2,091
down €2,091 (-6.9%), from €30,123 to €28,032
- Financial charges +€1,971
up €1,971 (+145%), from €1,362 to €3,333
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 | €89,875 | €155,242 | +€65,367 | +72.7% |
| Fixed assets | 21/28 | €55,383 | €102,862 | +€47,479 | +85.7% |
| Tangible fixed assets | 22/27 | €55,277 | €102,756 | +€47,479 | +85.9% |
| Land and buildings | 22 | - | €73,714 | +€73,714 | |
| Plant, machinery and equipment | 23 | €12,515 | €7,064 | -€5,451 | -43.6% |
| Furniture and vehicles | 24 | €21,533 | €9,349 | -€12,184 | -56.6% |
| Leasing and similar rights | 25 | €21,229 | €12,629 | -€8,600 | -40.5% |
| Financial fixed assets | 28 | €106 | €106 | = | 0.0% |
| Current assets | 29/58 | €34,492 | €52,380 | +€17,888 | +51.9% |
| Stocks and contracts in progress | 3 | €1,823 | €7,500 | +€5,678 | +312% |
| Stocks | 30/36 | €1,823 | €7,500 | +€5,678 | +312% |
| Amounts receivable within one year | 40/41 | €20,157 | €12,536 | -€7,621 | -37.8% |
| Trade receivables | 40 | €16,157 | €7,481 | -€8,676 | -53.7% |
| Other amounts receivable | 41 | €4,000 | €5,055 | +€1,055 | +26.4% |
| Cash at bank and in hand | 54/58 | €12,284 | €31,043 | +€18,759 | +153% |
| Deferred charges and accrued income | 490/1 | €228 | €1,301 | +€1,072 | +470% |
| Total equity and liabilities | 10/49 | €89,875 | €155,242 | +€65,367 | +72.7% |
| Equity | 10/15 | €12,652 | €23,752 | +€11,100 | +87.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,652 | €18,752 | +€11,100 | +145% |
| Amounts payable | 17/49 | €77,223 | €131,490 | +€54,267 | +70.3% |
| Amounts payable after more than one year | 17 | €10,915 | €72,300 | +€61,384 | +562% |
| Financial debts | 170/4 | €10,915 | €72,300 | +€61,384 | +562% |
| Amounts payable within one year | 42/48 | €66,303 | €59,190 | -€7,113 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €12,783 | €14,794 | +€2,011 | +15.7% |
| Trade debts | 44 | €12,818 | €8,827 | -€3,991 | -31.1% |
| Suppliers | 440/4 | €12,818 | €8,827 | -€3,991 | -31.1% |
| Taxes, remuneration and social security | 45 | €651 | €19 | -€632 | -97.1% |
| Taxes | 450/3 | €651 | €19 | -€632 | -97.1% |
| Other amounts payable | 47/48 | €40,052 | €35,551 | -€4,501 | -11.2% |
| Accrued charges and deferred income | 492/3 | €5 | - | -€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,123 | €28,032 | -€2,091 | -6.9% |
| Other operating charges | 640/8 | €1,538 | €1,473 | -€65 | -4.2% |
| Non-recurring operating charges | 66A | €79 | - | -€79 | |
| Gross operating margin | 9900 | €17,390 | €43,923 | +€26,533 | +153% |
| Operating profit (loss) | 9901 | -€14,350 | €14,418 | +€28,768 | |
| Financial income | 75/76B | €23 | €14 | -€9 | -38.2% |
| Recurring financial income | 75 | €23 | €14 | -€9 | -38.2% |
| Financial charges | 65/66B | €1,362 | €3,333 | +€1,971 | +145% |
| Recurring financial charges | 65 | €1,362 | €3,333 | +€1,971 | +145% |
| Profit (loss) for the period before taxes | 9903 | -€15,688 | €11,100 | +€26,788 | |
| Profit (loss) for the period | 9904 | -€15,688 | €11,100 | +€26,788 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,688 | €11,100 | +€26,788 |
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 18 October 2026 via checked.be.