L-IT Projects: what changed
Two fiscal 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-IT Projects
Largest movements
- Cash +€26,652
up €26,652 (+62.2%), from €42,840 to €69,491
mainly Net result for the year (+€16,696) and Receivables within one year (+€8,326)
- Receivables within one year -€8,326
down €8,326 (-81.9%), from €10,167 to €1,841
of which Trade receivables: -€9,511
- Tangible fixed assets +€6,606
up €6,606 (+450.6%), from €1,466 to €8,072
of which Other tangible fixed assets: +€6,807
- Deferred charges and accrued income -€1,757
no longer reported in 2025 (was €1,757)
- Reserves +€16,696
up €16,696 (+39.8%), from €41,949 to €58,645
- Tax, wage and social debts +€6,478
up €6,478 (+63.7%), from €10,166 to €16,644
- Gross operating margin -€16,139
down €16,139 (-36.4%), from €44,288 to €28,150
- Taxes -€1,760
down €1,760 (-19.7%), from €8,952 to €7,192
- Depreciation +€1,694
up €1,694 (+233.6%), from €725 to €2,420
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 | €56,230 | €79,404 | +€23,174 | +41.2% |
| Fixed assets | 21/28 | €1,466 | €8,072 | +€6,606 | +450.6% |
| Tangible fixed assets | 22/27 | €1,466 | €8,072 | +€6,606 | +450.6% |
| Furniture and vehicles | 24 | €1,466 | €1,265 | -€201 | -13.7% |
| Other tangible fixed assets | 26 | - | €6,807 | +€6,807 | |
| Current assets | 29/58 | €54,764 | €71,332 | +€16,568 | +30.3% |
| Amounts receivable within one year | 40/41 | €10,167 | €1,841 | -€8,326 | -81.9% |
| Trade receivables | 40 | €9,511 | - | -€9,511 | |
| Other amounts receivable | 41 | €657 | €1,841 | +€1,184 | +180.4% |
| Cash at bank and in hand | 54/58 | €42,840 | €69,491 | +€26,652 | +62.2% |
| Deferred charges and accrued income | 490/1 | €1,757 | - | -€1,757 | |
| Total equity and liabilities | 10/49 | €56,230 | €79,404 | +€23,174 | +41.2% |
| Equity | 10/15 | €44,949 | €61,645 | +€16,696 | +37.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,949 | €58,645 | +€16,696 | +39.8% |
| Distributable reserves | 133 | €41,949 | €58,645 | +€16,696 | +39.8% |
| Amounts payable | 17/49 | €11,281 | €17,759 | +€6,478 | +57.4% |
| Amounts payable within one year | 42/48 | €11,281 | €17,759 | +€6,478 | +57.4% |
| Trade debts | 44 | €1,115 | €1,115 | +€0 | 0.0% |
| Suppliers | 440/4 | €1,115 | €1,115 | +€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €10,166 | €16,644 | +€6,478 | +63.7% |
| Taxes | 450/3 | €10,166 | €16,644 | +€6,478 | +63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €2,420 | +€1,694 | +233.6% |
| Other operating charges | 640/8 | €323 | €484 | +€161 | +49.8% |
| Gross operating margin | 9900 | €44,288 | €28,150 | -€16,139 | -36.4% |
| Operating profit (loss) | 9901 | €43,240 | €25,245 | -€17,994 | -41.6% |
| Financial income | 75/76B | €55 | €109 | +€55 | +99.3% |
| Recurring financial income | 75 | €55 | €109 | +€55 | +99.3% |
| Financial charges | 65/66B | €1,715 | €1,467 | -€248 | -14.5% |
| Recurring financial charges | 65 | €1,715 | €1,467 | -€248 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €41,580 | €23,888 | -€17,692 | -42.5% |
| Income taxes | 67/77 | €8,952 | €7,192 | -€1,760 | -19.7% |
| Profit (loss) for the period | 9904 | €32,627 | €16,696 | -€15,932 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,627 | €16,696 | -€15,932 | -48.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.