L&LO 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.
L&LO CONSTRUCTION
Largest movements
- Receivables within one year +€173,934
up €173,934 (+47.2%), from €368,420 to €542,354
of which Other amounts receivable: +€184,567
- Cash +€18,299
up €18,299 (+599%), from €3,054 to €21,352
mainly Net result for the year (+€147,915) and Other debts (+€85,000)
- Deferred charges and accrued income -€15,142
down €15,142 (-97.9%), from €15,463 to €321
- Tangible fixed assets -€9,724
down €9,724 (-63.0%), from €15,428 to €5,703
of which Furniture and vehicles: -€7,398
- Other debts +€85,000
up €85,000 (+213%), from €40,000 to €125,000
- Trade debts +€49,667
up €49,667 (+23.4%), from €211,926 to €261,593
- Profit (loss) carried forward +€22,915
up €22,915 (+35.2%), from €65,062 to €87,977
- Tax, wage and social debts +€15,714
up €15,714 (+80.8%), from €19,437 to €35,150
of which Remuneration and social security: +€11,003
- Debts after one year -€8,590
down €8,590 (-45.4%), from €18,915 to €10,326
- Gross operating margin +€137,724
up €137,724 (+98.9%), from €139,299 to €277,023
- Staff costs +€38,862
up €38,862 (+64.2%), from €60,505 to €99,366
- Taxes +€11,193
up €11,193 (+463%), from €2,419 to €13,612
- Write-downs -€7,192
no longer reported in 2025 (was €7,192)
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 | €402,364 | €569,730 | +€167,366 | +41.6% |
| Fixed assets | 21/28 | €15,428 | €5,703 | -€9,724 | -63.0% |
| Tangible fixed assets | 22/27 | €15,428 | €5,703 | -€9,724 | -63.0% |
| Plant, machinery and equipment | 23 | €4,159 | €1,832 | -€2,327 | -55.9% |
| Furniture and vehicles | 24 | €11,269 | €3,871 | -€7,398 | -65.6% |
| Current assets | 29/58 | €386,936 | €564,027 | +€177,091 | +45.8% |
| Amounts receivable within one year | 40/41 | €368,420 | €542,354 | +€173,934 | +47.2% |
| Trade receivables | 40 | €143,685 | €133,052 | -€10,633 | -7.4% |
| Other amounts receivable | 41 | €224,735 | €409,303 | +€184,567 | +82.1% |
| Cash at bank and in hand | 54/58 | €3,054 | €21,352 | +€18,299 | +599% |
| Deferred charges and accrued income | 490/1 | €15,463 | €321 | -€15,142 | -97.9% |
| Total equity and liabilities | 10/49 | €402,364 | €569,730 | +€167,366 | +41.6% |
| Equity | 10/15 | €73,922 | €96,837 | +€22,915 | +31.0% |
| Contributions | 10/11 | €8,860 | €8,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,062 | €87,977 | +€22,915 | +35.2% |
| Amounts payable | 17/49 | €328,442 | €472,894 | +€144,451 | +44.0% |
| Amounts payable after more than one year | 17 | €18,915 | €10,326 | -€8,590 | -45.4% |
| Financial debts | 170/4 | €18,915 | €10,326 | -€8,590 | -45.4% |
| Amounts payable within one year | 42/48 | €309,527 | €462,568 | +€153,041 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €8,355 | €8,590 | +€234 | +2.8% |
| Financial debts | 43 | €29,809 | €32,235 | +€2,426 | +8.1% |
| Credit institutions | 430/8 | €29,809 | €32,235 | +€2,426 | +8.1% |
| Trade debts | 44 | €211,926 | €261,593 | +€49,667 | +23.4% |
| Suppliers | 440/4 | €211,926 | €261,593 | +€49,667 | +23.4% |
| Taxes, remuneration and social security | 45 | €19,437 | €35,150 | +€15,714 | +80.8% |
| Taxes | 450/3 | €10,291 | €15,002 | +€4,711 | +45.8% |
| Remuneration and social security | 454/9 | €9,145 | €20,148 | +€11,003 | +120% |
| Other amounts payable | 47/48 | €40,000 | €125,000 | +€85,000 | +213% |
| Remuneration, social security and pensions | 62 | €60,505 | €99,366 | +€38,862 | +64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,083 | €9,724 | -€358 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,192 | - | -€7,192 | |
| Other operating charges | 640/8 | €1,167 | €1,612 | +€446 | +38.2% |
| Gross operating margin | 9900 | €139,299 | €277,023 | +€137,724 | +98.9% |
| Operating profit (loss) | 9901 | €60,353 | €166,320 | +€105,966 | +176% |
| Financial income | 75/76B | €87 | €28 | -€58 | -67.5% |
| Recurring financial income | 75 | €87 | €28 | -€58 | -67.5% |
| Financial charges | 65/66B | €2,859 | €4,821 | +€1,962 | +68.6% |
| Recurring financial charges | 65 | €2,859 | €4,821 | +€1,962 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | €57,581 | €161,527 | +€103,946 | +181% |
| Income taxes | 67/77 | €2,419 | €13,612 | +€11,193 | +463% |
| Profit (loss) for the period | 9904 | €55,162 | €147,915 | +€92,753 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €55,162 | €147,915 | +€92,753 | +168% |
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 22 October 2026 via checked.be.