L&T SERVICES: 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 SERVICES
Largest movements
- Cash +€22,152
up €22,152 (+72.4%), from €30,581 to €52,733
mainly Net result for the year (+€29,556) and Trade debts (+€1,288)
- Receivables within one year +€7,448
up €7,448 (+34.8%), from €21,400 to €28,848
of which Trade receivables: +€7,448
- Reserves +€24,893
up €24,893 (+83.8%), from €29,712 to €54,605
of which Distributable reserves: +€24,893
- Profit (loss) carried forward +€4,663
no longer reported in 2024 (was -€4,663)
- Trade debts +€1,288
up €1,288 (+46.0%), from €2,799 to €4,087
- Tax, wage and social debts -€975
down €975 (-10.5%), from €9,250 to €8,275
of which Taxes: -€1,027
- Gross operating margin +€11,936
up €11,936 (+37.4%), from €31,923 to €43,858
- Taxes +€4,096
up €4,096 (+53.7%), from €7,628 to €11,724
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,472 | €86,116 | +€29,645 | +52.5% |
| Fixed assets | 21/28 | €3,601 | €3,601 | +€0 | 0.0% |
| Tangible fixed assets | 22/27 | €3,601 | €3,601 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €2,196 | €1,681 | -€515 | -23.5% |
| Furniture and vehicles | 24 | €1,405 | €1,920 | +€515 | +36.7% |
| Current assets | 29/58 | €52,871 | €82,515 | +€29,644 | +56.1% |
| Amounts receivable within one year | 40/41 | €21,400 | €28,848 | +€7,448 | +34.8% |
| Trade receivables | 40 | €19,028 | €26,476 | +€7,448 | +39.1% |
| Other amounts receivable | 41 | €2,372 | €2,372 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,581 | €52,733 | +€22,152 | +72.4% |
| Deferred charges and accrued income | 490/1 | €890 | €935 | +€44 | +5.0% |
| Total equity and liabilities | 10/49 | €56,472 | €86,116 | +€29,645 | +52.5% |
| Equity | 10/15 | €31,249 | €60,805 | +€29,556 | +94.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,712 | €54,605 | +€24,893 | +83.8% |
| Non-distributable reserves | 130/1 | €647 | €647 | = | 0.0% |
| Reserves not available under the articles | 1311 | €647 | €647 | = | 0.0% |
| Distributable reserves | 133 | €29,065 | €53,958 | +€24,893 | +85.6% |
| Profit (loss) carried forward | 14 | -€4,663 | - | +€4,663 | |
| Amounts payable | 17/49 | €25,223 | €25,311 | +€89 | +0.4% |
| Amounts payable within one year | 42/48 | €24,569 | €24,812 | +€243 | +1.0% |
| Trade debts | 44 | €2,799 | €4,087 | +€1,288 | +46.0% |
| Suppliers | 440/4 | €2,799 | €4,087 | +€1,288 | +46.0% |
| Taxes, remuneration and social security | 45 | €9,250 | €8,275 | -€975 | -10.5% |
| Taxes | 450/3 | €6,683 | €5,656 | -€1,027 | -15.4% |
| Remuneration and social security | 454/9 | €2,567 | €2,619 | +€52 | +2.0% |
| Other amounts payable | 47/48 | €12,520 | €12,450 | -€70 | -0.6% |
| Accrued charges and deferred income | 492/3 | €653 | €499 | -€154 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €791 | €1,115 | +€323 | +40.9% |
| Other operating charges | 640/8 | €665 | €742 | +€77 | +11.6% |
| Gross operating margin | 9900 | €31,923 | €43,858 | +€11,936 | +37.4% |
| Operating profit (loss) | 9901 | €30,466 | €42,001 | +€11,535 | +37.9% |
| Financial charges | 65/66B | €837 | €722 | -€115 | -13.7% |
| Recurring financial charges | 65 | €837 | €722 | -€115 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €29,630 | €41,279 | +€11,650 | +39.3% |
| Income taxes | 67/77 | €7,628 | €11,724 | +€4,096 | +53.7% |
| Profit (loss) for the period | 9904 | €22,002 | €29,556 | +€7,554 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,002 | €29,556 | +€7,554 | +34.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.