L & T QUALITY: 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 & T QUALITY
Largest movements
- Current investments +€482,087
up €482,087 (+106%), from €454,743 to €936,830
- Receivables within one year -€63,155
down €63,155 (-46.7%), from €135,116 to €71,961
of which Trade receivables: -€71,602
- Tangible fixed assets +€61,150
up €61,150 (+193%), from €31,678 to €92,828
of which Furniture and vehicles: +€55,807
- Cash -€34,058
down €34,058 (-8.6%), from €396,023 to €361,965
mainly Current investments (-€482,087) and Investment in fixed assets (net) (-€80,929)
- Reserves +€408,765
up €408,765 (+50.6%), from €808,237 to €1.2m
of which Distributable reserves: +€408,765
- Trade debts +€32,288
up €32,288 (+36.9%), from €87,594 to €119,882
- Gross operating margin +€29,991
up €29,991 (+4.9%), from €614,637 to €644,628
- Financial income +€18,823
up €18,823 (+468%), from €4,026 to €22,849
- Taxes +€11,942
up €11,942 (+6.9%), from €173,065 to €185,007
- Depreciation +€6,758
up €6,758 (+51.9%), from €13,021 to €19,779
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,062,980 | €1,509,564 | +€446,584 | +42.0% |
| Fixed assets | 21/28 | €31,678 | €92,828 | +€61,150 | +193% |
| Tangible fixed assets | 22/27 | €31,678 | €92,828 | +€61,150 | +193% |
| Land and buildings | 22 | - | €2,497 | +€2,497 | |
| Plant, machinery and equipment | 23 | €12,066 | €14,912 | +€2,846 | +23.6% |
| Furniture and vehicles | 24 | €19,612 | €75,419 | +€55,807 | +285% |
| Current assets | 29/58 | €1,031,302 | €1,416,736 | +€385,434 | +37.4% |
| Stocks and contracts in progress | 3 | €45,420 | €45,980 | +€560 | +1.2% |
| Stocks | 30/36 | €45,420 | €45,980 | +€560 | +1.2% |
| Amounts receivable within one year | 40/41 | €135,116 | €71,961 | -€63,155 | -46.7% |
| Trade receivables | 40 | €118,597 | €46,995 | -€71,602 | -60.4% |
| Other amounts receivable | 41 | €16,519 | €24,966 | +€8,447 | +51.1% |
| Current investments | 50/53 | €454,743 | €936,830 | +€482,087 | +106% |
| Cash at bank and in hand | 54/58 | €396,023 | €361,965 | -€34,058 | -8.6% |
| Total equity and liabilities | 10/49 | €1,062,980 | €1,509,564 | +€446,584 | +42.0% |
| Equity | 10/15 | €891,040 | €1,299,805 | +€408,765 | +45.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €808,237 | €1,217,002 | +€408,765 | +50.6% |
| Non-distributable reserves | 130/1 | €2,592 | €2,592 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,592 | €2,592 | = | 0.0% |
| Distributable reserves | 133 | €805,645 | €1,214,410 | +€408,765 | +50.7% |
| Profit (loss) carried forward | 14 | €7,803 | €7,803 | = | 0.0% |
| Amounts payable | 17/49 | €171,940 | €209,759 | +€37,819 | +22.0% |
| Amounts payable within one year | 42/48 | €171,940 | €209,599 | +€37,659 | +21.9% |
| Financial debts | 43 | €2,883 | €4,160 | +€1,277 | +44.3% |
| Credit institutions | 430/8 | €2,883 | €4,160 | +€1,277 | +44.3% |
| Trade debts | 44 | €87,594 | €119,882 | +€32,288 | +36.9% |
| Suppliers | 440/4 | €87,594 | €119,882 | +€32,288 | +36.9% |
| Taxes, remuneration and social security | 45 | €9,084 | €9,635 | +€551 | +6.1% |
| Taxes | 450/3 | €1,545 | €1,783 | +€238 | +15.4% |
| Remuneration and social security | 454/9 | €7,539 | €7,852 | +€313 | +4.2% |
| Other amounts payable | 47/48 | €72,379 | €75,922 | +€3,543 | +4.9% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Remuneration, social security and pensions | 62 | €42,242 | €44,310 | +€2,068 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,021 | €19,779 | +€6,758 | +51.9% |
| Other operating charges | 640/8 | €384 | €626 | +€242 | +63.0% |
| Gross operating margin | 9900 | €614,637 | €644,628 | +€29,991 | +4.9% |
| Operating profit (loss) | 9901 | €558,990 | €579,913 | +€20,923 | +3.7% |
| Financial income | 75/76B | €4,026 | €22,849 | +€18,823 | +468% |
| Recurring financial income | 75 | €4,026 | €22,849 | +€18,823 | +468% |
| Financial charges | 65/66B | €4,942 | €6,061 | +€1,119 | +22.6% |
| Recurring financial charges | 65 | €4,942 | €6,061 | +€1,119 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €558,074 | €596,701 | +€38,627 | +6.9% |
| Income taxes | 67/77 | €173,065 | €185,007 | +€11,942 | +6.9% |
| Profit (loss) for the period | 9904 | €385,009 | €411,694 | +€26,685 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €385,009 | €411,694 | +€26,685 | +6.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.