L&S: what changed
What changed
L&S
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
€115,965
2024 · €15,673+€100,292
Equity
€1.4m
2024 · €1.4m+€21,965
Cash
€8,793
2024 · €15,170-€6,377
Balance sheet total
€4.9m
2024 · €4.6m+€279,360
Largest movements
Assets
- Financial fixed assets +€240,435
up €240,435 (+12.0%), from €2.0m to €2.2m
- Deferred charges and accrued income +€49,506
up €49,506 (+7,595%), from €652 to €50,157
Equity and liabilities
- Short-term financial debts -€1.1m
down €1.1m (-77.9%), from €1.4m to €305,055
- Debts after one year +€739,115
up €739,115 (+52.0%), from €1.4m to €2.2m
- Other debts +€491,259
up €491,259 (+917%), from €53,595 to €544,854
- Current portion of long-term debt +€165,747
up €165,747 (+165%), from €100,676 to €266,423
- Trade debts -€92,344
down €92,344 (-67.8%), from €136,301 to €43,957
Income statement
- Gross operating margin +€192,090
up €192,090 (+80.1%), from €239,688 to €431,779
- Taxes +€55,343
up €55,343 (+1,219%), from €4,541 to €59,885
- Financial charges +€25,155
up €25,155 (+30.1%), from €83,472 to €108,628
- Depreciation +€16,098
up €16,098 (+14.1%), from €114,209 to €130,307
- Write-downs +€9,000
new in 2025: €9,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,673
Gross operating margin
+€192,090
Depreciation
-€16,098
Write-downs
-€9,000
Other operating charges
+€7,708
Financial income
+€4,480
Financial charges
-€25,155
Taxes
-€55,343
Deferred taxes and other
+€1,610
Result 2025
€115,965
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€596,390
Investment
-€337,933
Financing
-€264,834
Cash 2024
€15,170
From operations (derived)
+€596,390
Net result for the year
+€115,965
Depreciation
+€130,307
Receivables within one year
-€28,605
Deferred charges and accrued income
-€49,506
Provisions
-€6,006
Trade debts
-€92,344
Tax, wage and social debts
+€31,820
Other debts
+€491,259
Accrued charges and deferred income
+€3,500
Investment (derived)
-€337,933
Investment in fixed assets (net)
-€337,933
Financing
-€264,834
Debts after one year
+€739,115
Current portion of long-term debt
+€165,747
Short-term financial debts
-€1.1m
Contributions, distributions and other
-€94,000
Cash 2025
€8,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,600,950 | €4,880,310 | +€279,360 | +6.1% |
| Fixed assets | 21/28 | €4,115,077 | €4,322,703 | +€207,626 | +5.0% |
| Tangible fixed assets | 22/27 | €2,114,977 | €2,082,168 | -€32,809 | -1.6% |
| Land and buildings | 22 | €1,806,357 | €1,825,005 | +€18,648 | +1.0% |
| Plant, machinery and equipment | 23 | €155,606 | €122,458 | -€33,148 | -21.3% |
| Furniture and vehicles | 24 | €30,457 | €22,362 | -€8,096 | -26.6% |
| Other tangible fixed assets | 26 | €122,556 | €112,343 | -€10,213 | -8.3% |
| Financial fixed assets | 28 | €2,000,100 | €2,240,535 | +€240,435 | +12.0% |
| Current assets | 29/58 | €485,873 | €557,607 | +€71,734 | +14.8% |
| Amounts receivable within one year | 40/41 | €470,051 | €498,656 | +€28,605 | +6.1% |
| Trade receivables | 40 | €41,288 | €74,345 | +€33,057 | +80.1% |
| Other amounts receivable | 41 | €428,763 | €424,311 | -€4,452 | -1.0% |
| Cash at bank and in hand | 54/58 | €15,170 | €8,793 | -€6,377 | -42.0% |
| Deferred charges and accrued income | 490/1 | €652 | €50,157 | +€49,506 | +7,595% |
| Total equity and liabilities | 10/49 | €4,600,950 | €4,880,310 | +€279,360 | +6.1% |
| Equity | 10/15 | €1,354,022 | €1,375,986 | +€21,965 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,113,621 | €1,135,586 | +€21,965 | +2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €512,511 | €488,486 | -€24,025 | -4.7% |
| Distributable reserves | 133 | €599,250 | €645,240 | +€45,990 | +7.7% |
| Profit (loss) carried forward | 14 | €221,800 | €221,801 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €128,128 | €122,121 | -€6,006 | -4.7% |
| Deferred taxes | 168 | €128,128 | €122,121 | -€6,006 | -4.7% |
| Amounts payable | 17/49 | €3,118,801 | €3,382,202 | +€263,401 | +8.4% |
| Amounts payable after more than one year | 17 | €1,422,715 | €2,161,830 | +€739,115 | +52.0% |
| Financial debts | 170/4 | €1,422,715 | €2,161,830 | +€739,115 | +52.0% |
| Amounts payable within one year | 42/48 | €1,695,285 | €1,216,071 | -€479,214 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €100,676 | €266,423 | +€165,747 | +165% |
| Financial debts | 43 | €1,380,751 | €305,055 | -€1.1m | -77.9% |
| Credit institutions | 430/8 | €1,380,751 | €305,055 | -€1.1m | -77.9% |
| Trade debts | 44 | €136,301 | €43,957 | -€92,344 | -67.8% |
| Suppliers | 440/4 | €136,301 | €43,957 | -€92,344 | -67.8% |
| Taxes, remuneration and social security | 45 | €23,963 | €55,783 | +€31,820 | +133% |
| Taxes | 450/3 | €20,775 | €52,588 | +€31,813 | +153% |
| Remuneration and social security | 454/9 | €3,188 | €3,195 | +€7 | +0.2% |
| Other amounts payable | 47/48 | €53,595 | €544,854 | +€491,259 | +917% |
| Accrued charges and deferred income | 492/3 | €800 | €4,300 | +€3,500 | +438% |
| Non-recurring operating income | 76A | €18,611 | - | -€18,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,209 | €130,307 | +€16,098 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,000 | +€9,000 | |
| Other operating charges | 640/8 | €27,656 | €19,947 | -€7,708 | -27.9% |
| Gross operating margin | 9900 | €239,688 | €431,779 | +€192,090 | +80.1% |
| Operating profit (loss) | 9901 | €97,824 | €272,524 | +€174,701 | +179% |
| Financial income | 75/76B | €1,466 | €5,947 | +€4,480 | +306% |
| Recurring financial income | 75 | €1,466 | €5,947 | +€4,480 | +306% |
| Financial charges | 65/66B | €83,472 | €108,628 | +€25,155 | +30.1% |
| Recurring financial charges | 65 | €83,472 | €108,628 | +€25,155 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €15,818 | €169,843 | +€154,026 | +974% |
| Transfer from deferred taxes | 780 | €4,397 | €6,006 | +€1,610 | +36.6% |
| Income taxes | 67/77 | €4,541 | €59,885 | +€55,343 | +1,219% |
| Profit (loss) for the period | 9904 | €15,673 | €115,965 | +€100,292 | +640% |
| Transfer from tax-exempt reserves | 789 | €17,587 | €24,025 | +€6,439 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,260 | €139,990 | +€106,730 | +321% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.