L3projects: 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.
L3projects
Largest movements
- Cash -€626,901
down €626,901 (-95.8%), from €654,308 to €27,408
mainly Stocks and contracts (-€572,786) and Net result for the year (-€162,622)
- Stocks and contracts +€572,786
up €572,786 (+225.0%), from €254,618 to €827,403
- Debts after one year +€106,000
new in 2025: €106,000
- Reserves -€100,021
no longer reported in 2025 (was €100,021)
- Profit (loss) carried forward -€62,601
new in 2025: -€62,601
- Other debts +€40,103
up €40,103 (+5.4%), from €738,025 to €778,128
- Tax, wage and social debts -€37,026
down €37,026 (-82.7%), from €44,748 to €7,722
- Gross operating margin -€122,688
down €122,688, from €30,323 to -€92,365
- Other operating charges +€62,949
up €62,949 (+1643.8%), from €3,829 to €66,779
- Taxes -€5,710
down €5,710 (-95.6%), from €5,975 to €265
- Financial charges -€1,050
down €1,050 (-34.2%), from €3,066 to €2,017
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 | €918,448 | €871,813 | -€46,636 | -5.1% |
| Fixed assets | 21/28 | €1,729 | €532 | -€1,197 | -69.2% |
| Tangible fixed assets | 22/27 | €1,729 | €532 | -€1,197 | -69.2% |
| Plant, machinery and equipment | 23 | €652 | €191 | -€461 | -70.7% |
| Furniture and vehicles | 24 | €1,078 | €341 | -€736 | -68.3% |
| Current assets | 29/58 | €916,719 | €871,281 | -€45,438 | -5.0% |
| Stocks and contracts in progress | 3 | €254,618 | €827,403 | +€572,786 | +225.0% |
| Stocks | 30/36 | €254,618 | €827,403 | +€572,786 | +225.0% |
| Amounts receivable within one year | 40/41 | €7,793 | €16,470 | +€8,677 | +111.3% |
| Trade receivables | 40 | €7,793 | €13,793 | +€6,000 | +77.0% |
| Other amounts receivable | 41 | - | €2,677 | +€2,677 | |
| Cash at bank and in hand | 54/58 | €654,308 | €27,408 | -€626,901 | -95.8% |
| Total equity and liabilities | 10/49 | €918,448 | €871,813 | -€46,636 | -5.1% |
| Equity | 10/15 | €105,021 | -€57,601 | -€162,622 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,021 | - | -€100,021 | |
| Distributable reserves | 133 | €100,021 | - | -€100,021 | |
| Profit (loss) carried forward | 14 | - | -€62,601 | -€62,601 | |
| Amounts payable | 17/49 | €813,427 | €929,414 | +€115,987 | +14.3% |
| Amounts payable after more than one year | 17 | - | €106,000 | +€106,000 | |
| Financial debts | 170/4 | - | €106,000 | +€106,000 | |
| Amounts payable within one year | 42/48 | €813,427 | €823,414 | +€9,987 | +1.2% |
| Trade debts | 44 | €30,654 | €37,564 | +€6,910 | +22.5% |
| Suppliers | 440/4 | €30,654 | €37,564 | +€6,910 | +22.5% |
| Taxes, remuneration and social security | 45 | €44,748 | €7,722 | -€37,026 | -82.7% |
| Taxes | 450/3 | €44,748 | €7,722 | -€37,026 | -82.7% |
| Other amounts payable | 47/48 | €738,025 | €778,128 | +€40,103 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,687 | €1,197 | -€489 | -29.0% |
| Other operating charges | 640/8 | €3,829 | €66,779 | +€62,949 | +1643.8% |
| Gross operating margin | 9900 | €30,323 | -€92,365 | -€122,688 | |
| Operating profit (loss) | 9901 | €24,807 | -€160,341 | -€185,148 | |
| Financial charges | 65/66B | €3,066 | €2,017 | -€1,050 | -34.2% |
| Recurring financial charges | 65 | €3,066 | €2,017 | -€1,050 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €21,741 | -€162,357 | -€184,098 | |
| Income taxes | 67/77 | €5,975 | €265 | -€5,710 | -95.6% |
| Profit (loss) for the period | 9904 | €15,766 | -€162,622 | -€178,388 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,766 | -€162,622 | -€178,388 |
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 10 October 2026 via checked.be.