L INTERIOR PROJECTS: 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 INTERIOR PROJECTS
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+273.3%), from €421,281 to €1.6m
of which Assets under construction and advance payments: +€852,638
- Cash +€70,153
up €70,153 (+14.6%), from €481,823 to €551,976
mainly Debts after one year (+€932,917) and Net result for the year (+€247,893)
- Debts after one year +€932,917
up €932,917 (+432.0%), from €215,929 to €1.1m
- Reserves +€147,893
up €147,893 (+17.5%), from €844,846 to €992,739
- Advances received +€122,000
new in 2025: €122,000
- Other debts +€53,051
new in 2025: €53,051
- Accrued charges and deferred income -€37,363
down €37,363 (-88.4%), from €42,255 to €4,891
- Staff costs -€139,526
down €139,526 (-28.0%), from €499,007 to €359,481
- Taxes +€27,776
up €27,776 (+43.9%), from €63,215 to €90,991
- Gross operating margin +€21,426
up €21,426 (+2.8%), from €757,143 to €778,569
- Financial charges +€21,008
up €21,008 (+145.0%), from €14,487 to €35,495
- Depreciation +€8,135
up €8,135 (+23.1%), from €35,192 to €43,327
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 | €1,435,547 | €2,660,115 | +€1.2m | +85.3% |
| Fixed assets | 21/28 | €440,876 | €1,591,837 | +€1.2m | +261.1% |
| Tangible fixed assets | 22/27 | €421,281 | €1,572,442 | +€1.2m | +273.3% |
| Land and buildings | 22 | €323,937 | €652,695 | +€328,757 | +101.5% |
| Plant, machinery and equipment | 23 | €3,661 | €3,399 | -€262 | -7.2% |
| Furniture and vehicles | 24 | €44,699 | €25,986 | -€18,713 | -41.9% |
| Leasing and similar rights | 25 | €48,983 | €37,724 | -€11,259 | -23.0% |
| Assets under construction and advance payments | 27 | - | €852,638 | +€852,638 | |
| Financial fixed assets | 28 | €19,595 | €19,395 | -€200 | -1.0% |
| Current assets | 29/58 | €994,672 | €1,068,278 | +€73,607 | +7.4% |
| Stocks and contracts in progress | 3 | €123,103 | €129,283 | +€6,180 | +5.0% |
| Stocks | 30/36 | €123,103 | €129,283 | +€6,180 | +5.0% |
| Amounts receivable within one year | 40/41 | €371,248 | €364,981 | -€6,267 | -1.7% |
| Trade receivables | 40 | €85,349 | €331,407 | +€246,057 | +288.3% |
| Other amounts receivable | 41 | €285,898 | €33,575 | -€252,324 | -88.3% |
| Cash at bank and in hand | 54/58 | €481,823 | €551,976 | +€70,153 | +14.6% |
| Deferred charges and accrued income | 490/1 | €18,497 | €22,038 | +€3,541 | +19.1% |
| Total equity and liabilities | 10/49 | €1,435,547 | €2,660,115 | +€1.2m | +85.3% |
| Equity | 10/15 | €925,942 | €1,073,835 | +€147,893 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €844,846 | €992,739 | +€147,893 | +17.5% |
| Distributable reserves | 133 | €844,846 | €992,739 | +€147,893 | +17.5% |
| Profit (loss) carried forward | 14 | €62,496 | €62,496 | = | 0.0% |
| Amounts payable | 17/49 | €509,605 | €1,586,280 | +€1.1m | +211.3% |
| Amounts payable after more than one year | 17 | €215,929 | €1,148,846 | +€932,917 | +432.0% |
| Financial debts | 170/4 | €215,929 | €1,148,846 | +€932,917 | +432.0% |
| Amounts payable within one year | 42/48 | €251,422 | €432,542 | +€181,121 | +72.0% |
| Current portion of amounts payable after more than one year | 42 | €44,543 | €58,277 | +€13,734 | +30.8% |
| Trade debts | 44 | €192,460 | €172,424 | -€20,036 | -10.4% |
| Suppliers | 440/4 | €192,460 | €172,424 | -€20,036 | -10.4% |
| Advances received on contracts in progress | 46 | - | €122,000 | +€122,000 | |
| Taxes, remuneration and social security | 45 | €14,419 | €26,790 | +€12,372 | +85.8% |
| Taxes | 450/3 | - | €14,717 | +€14,717 | |
| Remuneration and social security | 454/9 | €14,419 | €12,073 | -€2,346 | -16.3% |
| Other amounts payable | 47/48 | - | €53,051 | +€53,051 | |
| Accrued charges and deferred income | 492/3 | €42,255 | €4,891 | -€37,363 | -88.4% |
| Non-recurring operating income | 76A | €1,653 | €36,029 | +€34,376 | +2079.8% |
| Remuneration, social security and pensions | 62 | €499,007 | €359,481 | -€139,526 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,192 | €43,327 | +€8,135 | +23.1% |
| Other operating charges | 640/8 | €16,976 | €17,265 | +€288 | +1.7% |
| Gross operating margin | 9900 | €757,143 | €778,569 | +€21,426 | +2.8% |
| Operating profit (loss) | 9901 | €205,968 | €358,496 | +€152,528 | +74.1% |
| Financial income | 75/76B | €16,011 | €15,882 | -€128 | -0.8% |
| Recurring financial income | 75 | €16,011 | €15,882 | -€128 | -0.8% |
| Financial charges | 65/66B | €14,487 | €35,495 | +€21,008 | +145.0% |
| Recurring financial charges | 65 | €14,487 | €35,495 | +€21,008 | +145.0% |
| Profit (loss) for the period before taxes | 9903 | €207,492 | €338,884 | +€131,392 | +63.3% |
| Income taxes | 67/77 | €63,215 | €90,991 | +€27,776 | +43.9% |
| Profit (loss) for the period | 9904 | €144,277 | €247,893 | +€103,617 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €144,277 | €247,893 | +€103,617 | +71.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.