L-PARK: 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.
What changed
L-PARK
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€630,699
2024 · €435,122+€195,577
Equity
€2.7m
2024 · €2.1m+€630,699
Cash
€1.6m
2024 · €815,474+€767,461
Balance sheet total
€23.6m
2024 · €22.7m+€931,035
Largest movements
Assets
- Receivables within one year +€1.0m
up €1.0m (+184%), from €546,216 to €1.6m
of which Trade receivables: +€1.1m
- Tangible fixed assets -€811,054
down €811,054 (-3.9%), from €20.9m to €20.1m
- Cash +€767,461
up €767,461 (+94.1%), from €815,474 to €1.6m
mainly Depreciation (+€1.1m) and Net result for the year (+€630,699)
Equity and liabilities
- Profit (loss) carried forward +€630,699
up €630,699 (+69.6%), from €905,537 to €1.5m
- Accrued charges and deferred income +€576,231
up €576,231 (+193%), from €297,937 to €874,168
Income statement
- Turnover +€207,780
up €207,780 (+8.9%), from €2.3m to €2.6m
- Other operating income +€140,382
up €140,382 (+80.1%), from €175,346 to €315,728
- Taxes +€65,192
up €65,192 (+44.9%), from €145,041 to €210,233
- Depreciation +€51,174
up €51,174 (+5.1%), from €1.0m to €1.1m
- Services and other goods -€45,386
down €45,386 (-12.9%), from €350,643 to €305,258
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.
Result 2024
€435,122
Turnover
+€207,780
Other operating income
+€140,382
Services and other goods
+€45,386
Depreciation
-€51,174
Write-downs
-€32,550
Other operating charges
-€41,831
Financial income
-€24,076
Financial charges
+€16,852
Taxes
-€65,192
Result 2025
€630,699
raises the resultlowers the result
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.
From operations
+€1.0m
Investment
-€248,967
Financing
€0
Cash 2024
€815,474
From operations (derived)
+€1.0m
Net result for the year
+€630,699
Depreciation
+€1.1m
Receivables within one year
-€1.0m
Deferred charges and accrued income
+€30,850
Trade debts
-€140,862
Tax, wage and social debts
-€17,441
Other debts
-€117,592
Accrued charges and deferred income
+€576,231
Investment (derived)
-€248,967
Investment in fixed assets (net)
-€248,967
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,659,423 | €23,590,458 | +€931,035 | +4.1% |
| Fixed assets | 21/28 | €20,908,728 | €20,097,675 | -€811,054 | -3.9% |
| Tangible fixed assets | 22/27 | €20,908,728 | €20,097,675 | -€811,054 | -3.9% |
| Land and buildings | 22 | €20,908,728 | €20,097,675 | -€811,054 | -3.9% |
| Current assets | 29/58 | €1,750,695 | €3,492,783 | +€1.7m | +99.5% |
| Amounts receivable within one year | 40/41 | €546,216 | €1,551,693 | +€1.0m | +184% |
| Trade receivables | 40 | €427,459 | €1,551,693 | +€1.1m | +263% |
| Other amounts receivable | 41 | €118,757 | €0 | -€118,757 | -100% |
| Cash at bank and in hand | 54/58 | €815,474 | €1,582,934 | +€767,461 | +94.1% |
| Deferred charges and accrued income | 490/1 | €389,006 | €358,156 | -€30,850 | -7.9% |
| Total equity and liabilities | 10/49 | €22,659,423 | €23,590,458 | +€931,035 | +4.1% |
| Equity | 10/15 | €2,055,537 | €2,686,236 | +€630,699 | +30.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Uncalled capital | 101 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €905,537 | €1,536,236 | +€630,699 | +69.6% |
| Amounts payable | 17/49 | €20,603,886 | €20,904,222 | +€300,336 | +1.5% |
| Amounts payable after more than one year | 17 | €20,000,000 | €20,000,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000,000 | €20,000,000 | = | 0.0% |
| Other loans | 174 | €20,000,000 | €20,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €305,949 | €30,054 | -€275,895 | -90.2% |
| Trade debts | 44 | €156,393 | €15,531 | -€140,862 | -90.1% |
| Suppliers | 440/4 | €156,393 | €15,531 | -€140,862 | -90.1% |
| Taxes, remuneration and social security | 45 | €31,964 | €14,523 | -€17,441 | -54.6% |
| Taxes | 450/3 | €31,964 | €14,523 | -€17,441 | -54.6% |
| Other amounts payable | 47/48 | €117,592 | - | -€117,592 | |
| Accrued charges and deferred income | 492/3 | €297,937 | €874,168 | +€576,231 | +193% |
| Operating income | 70/76A | €2,519,850 | €2,868,012 | +€348,162 | +13.8% |
| Turnover | 70 | €2,344,504 | €2,552,284 | +€207,780 | +8.9% |
| Other operating income | 74 | €175,346 | €315,728 | +€140,382 | +80.1% |
| Operating charges | 60/66A | €1,533,141 | €1,613,310 | +€80,168 | +5.2% |
| Services and other goods | 61 | €350,643 | €305,258 | -€45,386 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,008,847 | €1,060,020 | +€51,174 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,550 | +€32,550 | |
| Other operating charges | 640/8 | €173,651 | €215,482 | +€41,831 | +24.1% |
| Operating profit (loss) | 9901 | €986,709 | €1,254,702 | +€267,994 | +27.2% |
| Financial income | 75/76B | €27,377 | €3,301 | -€24,076 | -87.9% |
| Recurring financial income | 75 | €27,377 | €3,301 | -€24,076 | -87.9% |
| Other financial income | 752/9 | €27,377 | €3,301 | -€24,076 | -87.9% |
| Financial charges | 65/66B | €433,923 | €417,071 | -€16,852 | -3.9% |
| Recurring financial charges | 65 | €433,923 | €417,071 | -€16,852 | -3.9% |
| Debt charges | 650 | €433,251 | €416,000 | -€17,251 | -4.0% |
| Other financial charges | 652/9 | €672 | €1,071 | +€399 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €580,162 | €840,931 | +€260,769 | +44.9% |
| Income taxes | 67/77 | €145,041 | €210,233 | +€65,192 | +44.9% |
| Taxes | 670/3 | €145,041 | €210,233 | +€65,192 | +44.9% |
| Profit (loss) for the period | 9904 | €435,122 | €630,699 | +€195,577 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €435,122 | €630,699 | +€195,577 | +44.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.