L & F CONSTRUCT: 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.
L & F CONSTRUCT
Largest movements
- Receivables within one year +€220,084
up €220,084 (+505%), from €43,582 to €263,667
of which Trade receivables: +€215,290
- Cash +€3,308
up €3,308 (+21,340%), from €16 to €3,323
mainly Accrued charges and deferred income (+€139,431) and Trade debts (+€38,572)
- Accrued charges and deferred income +€139,431
new in 2024: €139,431
- Trade debts +€38,572
up €38,572 (+560%), from €6,882 to €45,454
- Debts after one year +€26,108
new in 2024: €26,108
- Profit (loss) carried forward +€10,743
up €10,743 (+78.7%), from €13,646 to €24,389
- Current portion of long-term debt +€8,097
new in 2024: €8,097
- Gross operating margin -€7,655
down €7,655 (-31.9%), from €24,004 to €16,349
- Taxes +€904
up €904 (+28.8%), from €3,135 to €4,039
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,349 | €268,781 | +€222,432 | +480% |
| Fixed assets | 21/28 | €2,752 | €1,792 | -€960 | -34.9% |
| Tangible fixed assets | 22/27 | €1,920 | €960 | -€960 | -50.0% |
| Plant, machinery and equipment | 23 | €1,920 | €960 | -€960 | -50.0% |
| Financial fixed assets | 28 | €832 | €832 | = | 0.0% |
| Current assets | 29/58 | €43,598 | €266,990 | +€223,392 | +512% |
| Amounts receivable within one year | 40/41 | €43,582 | €263,667 | +€220,084 | +505% |
| Trade receivables | 40 | €42,151 | €257,441 | +€215,290 | +511% |
| Other amounts receivable | 41 | €1,431 | €6,226 | +€4,794 | +335% |
| Cash at bank and in hand | 54/58 | €16 | €3,323 | +€3,308 | +21,340% |
| Total equity and liabilities | 10/49 | €46,349 | €268,781 | +€222,432 | +480% |
| Equity | 10/15 | €21,706 | €32,449 | +€10,743 | +49.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,646 | €24,389 | +€10,743 | +78.7% |
| Amounts payable | 17/49 | €24,643 | €236,333 | +€211,689 | +859% |
| Amounts payable after more than one year | 17 | - | €26,108 | +€26,108 | |
| Financial debts | 170/4 | - | €26,108 | +€26,108 | |
| Amounts payable within one year | 42/48 | €24,643 | €70,794 | +€46,150 | +187% |
| Current portion of amounts payable after more than one year | 42 | - | €8,097 | +€8,097 | |
| Trade debts | 44 | €6,882 | €45,454 | +€38,572 | +560% |
| Suppliers | 440/4 | €6,882 | €45,454 | +€38,572 | +560% |
| Advances received on contracts in progress | 46 | €550 | €550 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,725 | €6,763 | +€4,039 | +148% |
| Taxes | 450/3 | €2,725 | €6,763 | +€4,039 | +148% |
| Other amounts payable | 47/48 | €14,487 | €9,930 | -€4,557 | -31.5% |
| Accrued charges and deferred income | 492/3 | - | €139,431 | +€139,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €991 | €960 | -€31 | -3.1% |
| Other operating charges | 640/8 | - | €149 | +€149 | |
| Gross operating margin | 9900 | €24,004 | €16,349 | -€7,655 | -31.9% |
| Operating profit (loss) | 9901 | €23,014 | €15,240 | -€7,773 | -33.8% |
| Financial charges | 65/66B | €288 | €459 | +€171 | +59.5% |
| Recurring financial charges | 65 | €288 | €459 | +€171 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €22,726 | €14,782 | -€7,944 | -35.0% |
| Income taxes | 67/77 | €3,135 | €4,039 | +€904 | +28.8% |
| Profit (loss) for the period | 9904 | €19,591 | €10,743 | -€8,848 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,591 | €10,743 | -€8,848 | -45.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.