L&S Projects: 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&S Projects
Largest movements
- Tangible fixed assets -€10,110
down €10,110 (-69.7%), from €14,503 to €4,393
of which Furniture and vehicles: -€9,051
- Deferred charges and accrued income -€1,710
down €1,710 (-86.4%), from €1,980 to €270
- Other debts -€6,946
down €6,946 (-66.9%), from €10,376 to €3,430
- Tax, wage and social debts -€4,071
down €4,071 (-87.0%), from €4,680 to €610
- Trade debts -€2,653
down €2,653 (-4.2%), from €62,917 to €60,263
- Profit (loss) carried forward +€1,276
up €1,276 (+9.3%), from €13,738 to €15,014
- Depreciation -€4,800
down €4,800 (-73.6%), from €6,525 to €1,725
- Gross operating margin -€4,202
down €4,202 (-26.5%), from €15,878 to €11,675
- Other operating charges -€2,956
down €2,956 (-87.3%), from €3,384 to €428
- Financial income +€269
up €269 (+2664.8%), from €10 to €279
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 | €94,710 | €82,317 | -€12,393 | -13.1% |
| Fixed assets | 21/28 | €14,503 | €4,393 | -€10,110 | -69.7% |
| Tangible fixed assets | 22/27 | €14,503 | €4,393 | -€10,110 | -69.7% |
| Plant, machinery and equipment | 23 | €4,235 | €3,176 | -€1,059 | -25.0% |
| Furniture and vehicles | 24 | €10,268 | €1,217 | -€9,051 | -88.2% |
| Current assets | 29/58 | €80,207 | €77,924 | -€2,283 | -2.8% |
| Amounts receivable within one year | 40/41 | €77,099 | €76,214 | -€884 | -1.1% |
| Trade receivables | 40 | €75,853 | €71,739 | -€4,113 | -5.4% |
| Other amounts receivable | 41 | €1,246 | €4,475 | +€3,229 | +259.1% |
| Cash at bank and in hand | 54/58 | €1,128 | €1,439 | +€312 | +27.6% |
| Deferred charges and accrued income | 490/1 | €1,980 | €270 | -€1,710 | -86.4% |
| Total equity and liabilities | 10/49 | €94,710 | €82,317 | -€12,393 | -13.1% |
| Equity | 10/15 | €16,738 | €18,014 | +€1,276 | +7.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,738 | €15,014 | +€1,276 | +9.3% |
| Amounts payable | 17/49 | €77,973 | €64,303 | -€13,670 | -17.5% |
| Amounts payable within one year | 42/48 | €77,973 | €64,303 | -€13,670 | -17.5% |
| Trade debts | 44 | €62,917 | €60,263 | -€2,653 | -4.2% |
| Suppliers | 440/4 | €62,917 | €60,263 | -€2,653 | -4.2% |
| Taxes, remuneration and social security | 45 | €4,680 | €610 | -€4,071 | -87.0% |
| Taxes | 450/3 | €4,680 | €610 | -€4,071 | -87.0% |
| Other amounts payable | 47/48 | €10,376 | €3,430 | -€6,946 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,525 | €1,725 | -€4,800 | -73.6% |
| Other operating charges | 640/8 | €3,384 | €428 | -€2,956 | -87.3% |
| Non-recurring operating charges | 66A | €5,668 | €7,310 | +€1,642 | +29.0% |
| Gross operating margin | 9900 | €15,878 | €11,675 | -€4,202 | -26.5% |
| Operating profit (loss) | 9901 | €300 | €2,211 | +€1,911 | +636.6% |
| Financial income | 75/76B | €10 | €279 | +€269 | +2664.8% |
| Recurring financial income | 75 | €10 | €279 | +€269 | +2664.8% |
| Financial charges | 65/66B | €724 | €604 | -€121 | -16.7% |
| Recurring financial charges | 65 | €724 | €604 | -€121 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€414 | €1,886 | +€2,300 | |
| Income taxes | 67/77 | €504 | €610 | +€105 | +20.9% |
| Profit (loss) for the period | 9904 | -€919 | €1,276 | +€2,195 | |
| Profit (loss) for the period to be appropriated | 9905 | -€919 | €1,276 | +€2,195 |
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 12 October 2026 via checked.be.