L & S CONSTRUCT: what changed
Two fiscal 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 & S CONSTRUCT
Largest movements
- Receivables within one year -€191,577
down €191,577 (-14.1%), from €1.4m to €1.2m
of which Trade receivables: -€223,026
- Tangible fixed assets -€70,130
down €70,130 (-23.0%), from €304,583 to €234,453
of which Leasing and similar rights: -€35,135
- Current investments -€58,057
down €58,057 (-72.5%), from €80,085 to €22,027
- Cash -€45,145
down €45,145 (-85.4%), from €52,838 to €7,694
mainly Net result for the year (-€224,559) and Trade debts (-€105,261)
- Reserves -€202,179
down €202,179 (-40.2%), from €503,235 to €301,056
- Trade debts -€105,261
down €105,261 (-13.6%), from €775,943 to €670,682
- Tax, wage and social debts +€68,267
up €68,267 (+69.9%), from €97,716 to €165,983
of which Remuneration and social security: +€62,812
- Debts after one year -€47,263
down €47,263 (-51.7%), from €91,458 to €44,195
- Other debts -€44,688
down €44,688 (-32.6%), from €137,008 to €92,320
- Gross operating margin -€171,439
down €171,439 (-26.5%), from €646,904 to €475,465
- Staff costs -€20,521
down €20,521 (-3.5%), from €582,287 to €561,766
- Financial income -€13,078
down €13,078 (-82.9%), from €15,782 to €2,704
- Financial charges +€7,620
up €7,620 (+19.3%), from €39,390 to €47,011
of which Financial charges: +€7,620
- Depreciation +€6,644
up €6,644 (+10.2%), from €64,995 to €71,638
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 | €2,060,803 | €1,674,577 | -€386,226 | -18.7% |
| Fixed assets | 21/28 | €309,742 | €235,107 | -€74,635 | -24.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €304,583 | €234,453 | -€70,130 | -23.0% |
| Land and buildings | 22 | €118,835 | €105,357 | -€13,478 | -11.3% |
| Plant, machinery and equipment | 23 | €42,532 | €25,606 | -€16,925 | -39.8% |
| Furniture and vehicles | 24 | €17,523 | €12,931 | -€4,592 | -26.2% |
| Leasing and similar rights | 25 | €125,694 | €90,559 | -€35,135 | -28.0% |
| Financial fixed assets | 28 | €5,159 | €654 | -€4,505 | -87.3% |
| Current assets | 29/58 | €1,751,061 | €1,439,470 | -€311,591 | -17.8% |
| Stocks and contracts in progress | 3 | €205,729 | €208,950 | +€3,220 | +1.6% |
| Stocks | 30/36 | €101,186 | €101,186 | = | 0.0% |
| Contracts in progress | 37 | €104,543 | €107,763 | +€3,220 | +3.1% |
| Amounts receivable within one year | 40/41 | €1,362,246 | €1,170,669 | -€191,577 | -14.1% |
| Trade receivables | 40 | €929,916 | €706,889 | -€223,026 | -24.0% |
| Other amounts receivable | 41 | €432,331 | €463,780 | +€31,449 | +7.3% |
| Current investments | 50/53 | €80,085 | €22,027 | -€58,057 | -72.5% |
| Cash at bank and in hand | 54/58 | €52,838 | €7,694 | -€45,145 | -85.4% |
| Deferred charges and accrued income | 490/1 | €50,163 | €30,131 | -€20,032 | -39.9% |
| Total equity and liabilities | 10/49 | €2,060,803 | €1,674,577 | -€386,226 | -18.7% |
| Equity | 10/15 | €515,635 | €291,076 | -€224,559 | -43.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €503,235 | €301,056 | -€202,179 | -40.2% |
| Distributable reserves | 133 | €503,235 | €301,056 | -€202,179 | -40.2% |
| Profit (loss) carried forward | 14 | - | -€22,380 | -€22,380 | |
| Amounts payable | 17/49 | €1,545,168 | €1,383,501 | -€161,667 | -10.5% |
| Amounts payable after more than one year | 17 | €91,458 | €44,195 | -€47,263 | -51.7% |
| Financial debts | 170/4 | €91,458 | €44,195 | -€47,263 | -51.7% |
| Amounts payable within one year | 42/48 | €1,449,642 | €1,336,249 | -€113,393 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €62,249 | €47,263 | -€14,986 | -24.1% |
| Financial debts | 43 | €376,726 | €360,000 | -€16,726 | -4.4% |
| Credit institutions | 430/8 | €376,726 | €360,000 | -€16,726 | -4.4% |
| Trade debts | 44 | €775,943 | €670,682 | -€105,261 | -13.6% |
| Suppliers | 440/4 | €775,943 | €670,682 | -€105,261 | -13.6% |
| Taxes, remuneration and social security | 45 | €97,716 | €165,983 | +€68,267 | +69.9% |
| Taxes | 450/3 | €46,909 | €52,364 | +€5,455 | +11.6% |
| Remuneration and social security | 454/9 | €50,808 | €113,620 | +€62,812 | +123.6% |
| Other amounts payable | 47/48 | €137,008 | €92,320 | -€44,688 | -32.6% |
| Accrued charges and deferred income | 492/3 | €4,068 | €3,057 | -€1,011 | -24.9% |
| Non-recurring operating income | 76A | €8,877 | €13,414 | +€4,536 | +51.1% |
| Remuneration, social security and pensions | 62 | €582,287 | €561,766 | -€20,521 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,995 | €71,638 | +€6,644 | +10.2% |
| Other operating charges | 640/8 | €9,845 | €15,455 | +€5,610 | +57.0% |
| Non-recurring operating charges | 66A | €4,268 | €5,800 | +€1,532 | +35.9% |
| Gross operating margin | 9900 | €646,904 | €475,465 | -€171,439 | -26.5% |
| Operating profit (loss) | 9901 | -€14,491 | -€179,194 | -€164,704 | -1136.6% |
| Financial income | 75/76B | €15,782 | €2,704 | -€13,078 | -82.9% |
| Recurring financial income | 75 | €15,782 | €2,704 | -€13,078 | -82.9% |
| Financial charges | 65/66B | €39,390 | €47,011 | +€7,620 | +19.3% |
| Recurring financial charges | 65 | €39,390 | €47,011 | +€7,620 | +19.3% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€38,099 | -€223,501 | -€185,402 | -486.6% |
| Income taxes | 67/77 | €1,083 | €1,058 | -€26 | -2.4% |
| Profit (loss) for the period | 9904 | -€39,182 | -€224,559 | -€185,377 | -473.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,182 | -€224,559 | -€185,377 | -473.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.