ETS LENTINI 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.
ETS LENTINI CONSTRUCTION
Largest movements
- Receivables within one year +€138,993
up €138,993 (+129%), from €107,608 to €246,601
of which Trade receivables: +€70,797
- Cash -€115,698
down €115,698 (-16.3%), from €708,058 to €592,360
mainly Receivables within one year (-€138,993) and Investment in fixed assets (net) (-€100,966)
- Current investments -€63,100
no longer reported in 2025 (was €63,100)
- Tangible fixed assets +€18,292
up €18,292 (+2.9%), from €636,574 to €654,866
of which Furniture and vehicles: +€40,004
- Profit (loss) carried forward -€43,877
down €43,877 (-4.3%), from €1.0m to €965,999
- Trade debts +€25,809
up €25,809 (+199%), from €12,962 to €38,771
- Current portion of long-term debt -€16,703
down €16,703 (-50.0%), from €33,418 to €16,715
- Gross operating margin -€73,085
down €73,085 (-40.9%), from €178,735 to €105,650
- Taxes -€14,081
no longer reported in 2025 (was €14,081)
- Staff costs +€8,639
up €8,639 (+15.4%), from €55,916 to €64,555
- Depreciation +€7,775
up €7,775 (+10.4%), from €74,471 to €82,246
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 | €1,615,829 | €1,585,850 | -€29,979 | -1.9% |
| Fixed assets | 21/28 | €637,930 | €656,650 | +€18,720 | +2.9% |
| Tangible fixed assets | 22/27 | €636,574 | €654,866 | +€18,292 | +2.9% |
| Land and buildings | 22 | €616,397 | €595,400 | -€20,997 | -3.4% |
| Plant, machinery and equipment | 23 | €7,607 | €6,892 | -€715 | -9.4% |
| Furniture and vehicles | 24 | €12,570 | €52,574 | +€40,004 | +318% |
| Financial fixed assets | 28 | €1,356 | €1,784 | +€428 | +31.6% |
| Current assets | 29/58 | €977,899 | €929,200 | -€48,699 | -5.0% |
| Stocks and contracts in progress | 3 | €91,124 | €80,393 | -€10,731 | -11.8% |
| Stocks | 30/36 | €91,124 | €80,393 | -€10,731 | -11.8% |
| Amounts receivable within one year | 40/41 | €107,608 | €246,601 | +€138,993 | +129% |
| Trade receivables | 40 | €82,815 | €153,612 | +€70,797 | +85.5% |
| Other amounts receivable | 41 | €24,793 | €92,989 | +€68,196 | +275% |
| Current investments | 50/53 | €63,100 | - | -€63,100 | |
| Cash at bank and in hand | 54/58 | €708,058 | €592,360 | -€115,698 | -16.3% |
| Deferred charges and accrued income | 490/1 | €8,009 | €9,846 | +€1,837 | +22.9% |
| Total equity and liabilities | 10/49 | €1,615,829 | €1,585,850 | -€29,979 | -1.9% |
| Equity | 10/15 | €1,553,880 | €1,505,553 | -€48,327 | -3.1% |
| Contributions | 10/11 | €13,569 | €13,569 | = | 0.0% |
| Reserves | 13 | €530,373 | €525,929 | -€4,444 | -0.8% |
| Tax-exempt reserves | 132 | €17,776 | €13,332 | -€4,444 | -25.0% |
| Distributable reserves | 133 | €512,597 | €512,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,009,876 | €965,999 | -€43,877 | -4.3% |
| Investment grants | 15 | €62 | €56 | -€6 | -9.7% |
| Provisions and deferred taxes | 16 | €9,153 | €6,865 | -€2,288 | -25.0% |
| Deferred taxes | 168 | €9,153 | €6,865 | -€2,288 | -25.0% |
| Amounts payable | 17/49 | €52,796 | €73,432 | +€20,636 | +39.1% |
| Amounts payable within one year | 42/48 | €52,796 | €73,432 | +€20,636 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €33,418 | €16,715 | -€16,703 | -50.0% |
| Trade debts | 44 | €12,962 | €38,771 | +€25,809 | +199% |
| Suppliers | 440/4 | €12,962 | €38,771 | +€25,809 | +199% |
| Taxes, remuneration and social security | 45 | €5,627 | €16,630 | +€11,003 | +196% |
| Taxes | 450/3 | €3,788 | €15,037 | +€11,249 | +297% |
| Remuneration and social security | 454/9 | €1,839 | €1,593 | -€246 | -13.4% |
| Other amounts payable | 47/48 | €789 | €1,316 | +€527 | +66.8% |
| Remuneration, social security and pensions | 62 | €55,916 | €64,555 | +€8,639 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,471 | €82,246 | +€7,775 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €716 | +€716 | |
| Other operating charges | 640/8 | €10,744 | €9,801 | -€943 | -8.8% |
| Non-recurring operating charges | 66A | €209 | - | -€209 | |
| Gross operating margin | 9900 | €178,735 | €105,650 | -€73,085 | -40.9% |
| Operating profit (loss) | 9901 | €37,395 | -€51,668 | -€89,063 | |
| Financial income | 75/76B | €3,054 | €1,975 | -€1,079 | -35.3% |
| Recurring financial income | 75 | €3,054 | €1,975 | -€1,079 | -35.3% |
| Financial charges | 65/66B | €1,410 | €916 | -€494 | -35.0% |
| Recurring financial charges | 65 | €1,410 | €916 | -€494 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €39,039 | -€50,609 | -€89,648 | |
| Transfer from deferred taxes | 780 | €2,288 | €2,288 | = | 0.0% |
| Income taxes | 67/77 | €14,081 | - | -€14,081 | |
| Profit (loss) for the period | 9904 | €27,246 | -€48,321 | -€75,567 | |
| Transfer from tax-exempt reserves | 789 | €4,444 | €4,444 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,690 | -€43,877 | -€75,567 |
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 19 October 2026 via checked.be.