L & M 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 & M CONSTRUCTION
Largest movements
- Receivables within one year -€212,461
down €212,461 (-85.2%), from €249,379 to €36,918
of which Trade receivables: -€212,784
- Cash +€16,942
up €16,942 (+451%), from €3,753 to €20,695
mainly Receivables within one year (+€212,461) and Depreciation (+€15,854)
- Trade debts -€143,047
down €143,047 (-94.4%), from €151,464 to €8,417
- Profit (loss) carried forward -€43,538
down €43,538 (-69.9%), from €62,250 to €18,712
- Short-term financial debts -€5,311
down €5,311 (-22.4%), from €23,677 to €18,365
- Debts after one year -€3,972
down €3,972 (-10.4%), from €38,168 to €34,196
- Gross operating margin -€54,421
down €54,421, from €30,484 to -€23,937
- Depreciation +€15,854
new in 2024: €15,854
- Taxes -€9,230
no longer reported in 2024 (was €9,230)
- Financial charges -€1,028
down €1,028 (-21.5%), from €4,775 to €3,747
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 | €340,635 | €144,556 | -€196,079 | -57.6% |
| Fixed assets | 21/28 | €87,503 | €85,953 | -€1,549 | -1.8% |
| Tangible fixed assets | 22/27 | €87,503 | €85,953 | -€1,549 | -1.8% |
| Land and buildings | 22 | €29,281 | €28,381 | -€900 | -3.1% |
| Plant, machinery and equipment | 23 | €351 | - | -€351 | |
| Furniture and vehicles | 24 | €57,870 | €57,572 | -€298 | -0.5% |
| Current assets | 29/58 | €253,132 | €58,603 | -€194,529 | -76.8% |
| Amounts receivable within one year | 40/41 | €249,379 | €36,918 | -€212,461 | -85.2% |
| Trade receivables | 40 | €245,847 | €33,063 | -€212,784 | -86.6% |
| Other amounts receivable | 41 | €3,532 | €3,855 | +€323 | +9.1% |
| Cash at bank and in hand | 54/58 | €3,753 | €20,695 | +€16,942 | +451% |
| Deferred charges and accrued income | 490/1 | - | €990 | +€990 | |
| Total equity and liabilities | 10/49 | €340,635 | €144,556 | -€196,079 | -57.6% |
| Equity | 10/15 | €67,995 | €24,457 | -€43,538 | -64.0% |
| Contributions | 10/11 | €5,745 | €5,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,250 | €18,712 | -€43,538 | -69.9% |
| Amounts payable | 17/49 | €272,640 | €120,099 | -€152,541 | -55.9% |
| Amounts payable after more than one year | 17 | €38,168 | €34,196 | -€3,972 | -10.4% |
| Financial debts | 170/4 | €38,168 | €34,196 | -€3,972 | -10.4% |
| Amounts payable within one year | 42/48 | €233,946 | €84,862 | -€149,085 | -63.7% |
| Financial debts | 43 | €23,677 | €18,365 | -€5,311 | -22.4% |
| Credit institutions | 430/8 | €23,677 | €18,365 | -€5,311 | -22.4% |
| Trade debts | 44 | €151,464 | €8,417 | -€143,047 | -94.4% |
| Suppliers | 440/4 | €151,464 | €8,417 | -€143,047 | -94.4% |
| Taxes, remuneration and social security | 45 | €1,500 | - | -€1,500 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €57,306 | €58,079 | +€774 | +1.4% |
| Accrued charges and deferred income | 492/3 | €526 | €1,041 | +€515 | +98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,854 | +€15,854 | |
| Gross operating margin | 9900 | €30,484 | -€23,937 | -€54,421 | |
| Operating profit (loss) | 9901 | €30,484 | -€39,791 | -€70,274 | |
| Financial charges | 65/66B | €4,775 | €3,747 | -€1,028 | -21.5% |
| Recurring financial charges | 65 | €4,775 | €3,747 | -€1,028 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €25,708 | -€43,538 | -€69,246 | |
| Income taxes | 67/77 | €9,230 | - | -€9,230 | |
| Profit (loss) for the period | 9904 | €16,478 | -€43,538 | -€60,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,478 | -€43,538 | -€60,016 |
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 20 October 2026 via checked.be.