L PROJECTS & TECHNICS: 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 PROJECTS & TECHNICS
Largest movements
- Receivables within one year -€19,776
down €19,776 (-28.3%), from €69,781 to €50,006
of which Other amounts receivable: -€22,490
- Deferred charges and accrued income -€6,773
down €6,773 (-68.2%), from €9,938 to €3,165
- Tangible fixed assets -€2,401
down €2,401 (-51.6%), from €4,654 to €2,253
of which Furniture and vehicles: -€1,435
- Contributions -€42,799
down €42,799 (-100.0%), from €42,800 to €1
- Other debts +€15,345
up €15,345 (+727.2%), from €2,110 to €17,455
- Tax, wage and social debts -€6,388
down €6,388 (-52.2%), from €12,243 to €5,855
- Trade debts +€4,251
up €4,251 (+18.7%), from €22,740 to €26,990
- Reserves +€2,887
up €2,887 (+73.5%), from €3,925 to €6,811
- Depreciation -€2,191
down €2,191 (-77.5%), from €2,827 to €637
- Financial charges -€1,741
down €1,741 (-35.7%), from €4,876 to €3,135
- Taxes -€1,232
down €1,232 (-37.9%), from €3,249 to €2,017
- Financial income -€744
down €744 (-72.4%), from €1,028 to €284
- Gross operating margin -€683
down €683 (-4.2%), from €16,139 to €15,456
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 | €95,707 | €67,212 | -€28,496 | -29.8% |
| Fixed assets | 21/28 | €9,024 | €6,123 | -€2,901 | -32.2% |
| Tangible fixed assets | 22/27 | €4,654 | €2,253 | -€2,401 | -51.6% |
| Plant, machinery and equipment | 23 | €967 | - | -€967 | |
| Furniture and vehicles | 24 | €3,687 | €2,253 | -€1,435 | -38.9% |
| Financial fixed assets | 28 | €4,370 | €3,870 | -€500 | -11.4% |
| Current assets | 29/58 | €86,683 | €61,089 | -€25,594 | -29.5% |
| Amounts receivable after more than one year | 29 | €6,170 | €6,170 | = | 0.0% |
| Other amounts receivable | 291 | €6,170 | €6,170 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,781 | €50,006 | -€19,776 | -28.3% |
| Trade receivables | 40 | €32,817 | €35,531 | +€2,714 | +8.3% |
| Other amounts receivable | 41 | €36,964 | €14,475 | -€22,490 | -60.8% |
| Cash at bank and in hand | 54/58 | €795 | €1,749 | +€954 | +120.1% |
| Deferred charges and accrued income | 490/1 | €9,938 | €3,165 | -€6,773 | -68.2% |
| Total equity and liabilities | 10/49 | €95,707 | €67,212 | -€28,496 | -29.8% |
| Equity | 10/15 | €46,725 | €6,812 | -€39,912 | -85.4% |
| Contributions | 10/11 | €42,800 | €1 | -€42,799 | -100.0% |
| Reserves | 13 | €3,925 | €6,811 | +€2,887 | +73.5% |
| Distributable reserves | 133 | €3,925 | €6,811 | +€2,887 | +73.5% |
| Amounts payable | 17/49 | €48,983 | €60,399 | +€11,417 | +23.3% |
| Amounts payable within one year | 42/48 | €48,033 | €60,244 | +€12,211 | +25.4% |
| Financial debts | 43 | €9,768 | €9,944 | +€176 | +1.8% |
| Credit institutions | 430/8 | €9,768 | €9,944 | +€176 | +1.8% |
| Trade debts | 44 | €22,740 | €26,990 | +€4,251 | +18.7% |
| Suppliers | 440/4 | €22,740 | €26,990 | +€4,251 | +18.7% |
| Advances received on contracts in progress | 46 | €1,172 | - | -€1,172 | |
| Taxes, remuneration and social security | 45 | €12,243 | €5,855 | -€6,388 | -52.2% |
| Taxes | 450/3 | €12,243 | €5,855 | -€6,388 | -52.2% |
| Other amounts payable | 47/48 | €2,110 | €17,455 | +€15,345 | +727.2% |
| Accrued charges and deferred income | 492/3 | €949 | €155 | -€795 | -83.7% |
| Non-recurring operating income | 76A | - | €651 | +€651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,827 | €637 | -€2,191 | -77.5% |
| Other operating charges | 640/8 | €1,564 | €2,088 | +€524 | +33.5% |
| Non-recurring operating charges | 66A | - | €4,976 | +€4,976 | |
| Gross operating margin | 9900 | €16,139 | €15,456 | -€683 | -4.2% |
| Operating profit (loss) | 9901 | €11,748 | €7,755 | -€3,992 | -34.0% |
| Financial income | 75/76B | €1,028 | €284 | -€744 | -72.4% |
| Recurring financial income | 75 | €1,028 | €284 | -€744 | -72.4% |
| Financial charges | 65/66B | €4,876 | €3,135 | -€1,741 | -35.7% |
| Recurring financial charges | 65 | €4,876 | €3,135 | -€1,741 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €7,899 | €4,904 | -€2,996 | -37.9% |
| Income taxes | 67/77 | €3,249 | €2,017 | -€1,232 | -37.9% |
| Profit (loss) for the period | 9904 | €4,650 | €2,887 | -€1,764 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,650 | €2,887 | -€1,764 | -37.9% |
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 10 October 2026 via checked.be.