L&T UNIVERSAL: 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 UNIVERSAL
Largest movements
- Cash +€7,443
up €7,443 (+736%), from €1,011 to €8,454
mainly Net result for the year (+€17,372) and Depreciation (+€1,719)
- Tangible fixed assets +€7,326
new in 2025: €7,326
of which Plant, machinery and equipment: +€4,505
- Receivables within one year +€1,966
up €1,966 (+9.0%), from €21,859 to €23,825
of which Trade receivables: +€5,334
- Profit (loss) carried forward +€17,372
up €17,372 (+443%), from €3,918 to €21,290
- Trade debts -€498
down €498 (-6.2%), from €7,980 to €7,482
- Gross operating margin +€17,614
up €17,614 (+122%), from €14,458 to €32,072
- Taxes +€4,130
up €4,130 (+244%), from €1,690 to €5,820
- Financial charges -€1,780
down €1,780 (-33.5%), from €5,319 to €3,539
- Depreciation +€1,719
new in 2025: €1,719
- Staff costs +€1,648
up €1,648 (+515%), from €320 to €1,968
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 | €22,870 | €39,606 | +€16,736 | +73.2% |
| Fixed assets | 21/28 | - | €7,326 | +€7,326 | |
| Tangible fixed assets | 22/27 | - | €7,326 | +€7,326 | |
| Land and buildings | 22 | - | €2,822 | +€2,822 | |
| Plant, machinery and equipment | 23 | - | €4,505 | +€4,505 | |
| Current assets | 29/58 | €22,870 | €32,280 | +€9,409 | +41.1% |
| Amounts receivable within one year | 40/41 | €21,859 | €23,825 | +€1,966 | +9.0% |
| Trade receivables | 40 | €7,458 | €12,792 | +€5,334 | +71.5% |
| Other amounts receivable | 41 | €14,401 | €11,034 | -€3,367 | -23.4% |
| Cash at bank and in hand | 54/58 | €1,011 | €8,454 | +€7,443 | +736% |
| Total equity and liabilities | 10/49 | €22,870 | €39,606 | +€16,736 | +73.2% |
| Equity | 10/15 | €4,418 | €21,790 | +€17,372 | +393% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,918 | €21,290 | +€17,372 | +443% |
| Amounts payable | 17/49 | €18,452 | €17,816 | -€636 | -3.4% |
| Amounts payable within one year | 42/48 | €18,452 | €17,816 | -€636 | -3.4% |
| Trade debts | 44 | €7,980 | €7,482 | -€498 | -6.2% |
| Suppliers | 440/4 | €7,980 | €7,482 | -€498 | -6.2% |
| Taxes, remuneration and social security | 45 | €10,471 | €10,334 | -€138 | -1.3% |
| Taxes | 450/3 | €10,471 | €10,334 | -€138 | -1.3% |
| Remuneration, social security and pensions | 62 | €320 | €1,968 | +€1,648 | +515% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,719 | +€1,719 | |
| Other operating charges | 640/8 | €3,292 | €1,655 | -€1,637 | -49.7% |
| Gross operating margin | 9900 | €14,458 | €32,072 | +€17,614 | +122% |
| Operating profit (loss) | 9901 | €10,846 | €26,730 | +€15,884 | +146% |
| Financial income | 75/76B | €81 | €0 | -€81 | -100.0% |
| Recurring financial income | 75 | €81 | €0 | -€81 | -100.0% |
| Financial charges | 65/66B | €5,319 | €3,539 | -€1,780 | -33.5% |
| Recurring financial charges | 65 | €5,319 | €3,539 | -€1,780 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €5,608 | €23,192 | +€17,584 | +314% |
| Income taxes | 67/77 | €1,690 | €5,820 | +€4,130 | +244% |
| Profit (loss) for the period | 9904 | €3,918 | €17,372 | +€13,453 | +343% |
| Profit (loss) for the period to be appropriated | 9905 | €3,918 | €17,372 | +€13,453 | +343% |
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 15 October 2026 via checked.be.