L3techconsult: 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.
L3techconsult
Largest movements
- Tangible fixed assets +€267,857
up €267,857 (+11182.2%), from €2,395 to €270,252
of which Land and buildings: +€263,299
- Receivables within one year +€57,057
up €57,057 (+68.5%), from €83,255 to €140,311
of which Trade receivables: +€41,885
- Cash -€34,764
down €34,764 (-41.5%), from €83,668 to €48,904
mainly Investment in fixed assets (net) (-€274,734) and Receivables within one year (-€57,057)
- Current investments -€13,866
down €13,866 (-19.7%), from €70,330 to €56,464
- Debts after one year +€202,112
new in 2025: €202,112
- Trade debts +€39,123
up €39,123 (+1337.6%), from €2,925 to €42,047
- Short-term financial debts +€28,587
up €28,587 (+1845.1%), from €1,549 to €30,137
of which Credit institutions: +€29,565
- Tax, wage and social debts -€16,679
down €16,679 (-46.3%), from €36,010 to €19,331
- Profit (loss) carried forward +€11,240
up €11,240 (+14.3%), from €78,622 to €89,862
- Other operating charges +€35,586
up €35,586 (+6469.0%), from €550 to €36,136
- Gross operating margin -€18,040
down €18,040 (-20.1%), from €89,598 to €71,559
- Taxes -€12,392
down €12,392 (-64.1%), from €19,331 to €6,939
- Financial income -€12,090
down €12,090 (-49.6%), from €24,394 to €12,304
- Depreciation +€5,262
up €5,262 (+325.8%), from €1,615 to €6,877
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 | €242,210 | €516,170 | +€273,960 | +113.1% |
| Fixed assets | 21/28 | €2,395 | €270,252 | +€267,857 | +11182.2% |
| Tangible fixed assets | 22/27 | €2,395 | €270,252 | +€267,857 | +11182.2% |
| Land and buildings | 22 | - | €263,299 | +€263,299 | |
| Furniture and vehicles | 24 | €2,395 | €6,954 | +€4,558 | +190.3% |
| Current assets | 29/58 | €239,815 | €245,918 | +€6,103 | +2.5% |
| Amounts receivable within one year | 40/41 | €83,255 | €140,311 | +€57,057 | +68.5% |
| Trade receivables | 40 | €9,519 | €51,404 | +€41,885 | +440.0% |
| Other amounts receivable | 41 | €73,736 | €88,907 | +€15,172 | +20.6% |
| Current investments | 50/53 | €70,330 | €56,464 | -€13,866 | -19.7% |
| Cash at bank and in hand | 54/58 | €83,668 | €48,904 | -€34,764 | -41.5% |
| Deferred charges and accrued income | 490/1 | €2,562 | €238 | -€2,324 | -90.7% |
| Total equity and liabilities | 10/49 | €242,210 | €516,170 | +€273,960 | +113.1% |
| Equity | 10/15 | €201,622 | €212,862 | +€11,240 | +5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €120,000 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,622 | €89,862 | +€11,240 | +14.3% |
| Amounts payable | 17/49 | €40,588 | €303,308 | +€262,720 | +647.3% |
| Amounts payable after more than one year | 17 | - | €202,112 | +€202,112 | |
| Financial debts | 170/4 | - | €202,112 | +€202,112 | |
| Amounts payable within one year | 42/48 | €40,484 | €101,191 | +€60,707 | +150.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,088 | +€9,088 | |
| Financial debts | 43 | €1,549 | €30,137 | +€28,587 | +1845.1% |
| Credit institutions | 430/8 | - | €29,565 | +€29,565 | |
| Other loans | 439 | €1,549 | €572 | -€977 | -63.1% |
| Trade debts | 44 | €2,925 | €42,047 | +€39,123 | +1337.6% |
| Suppliers | 440/4 | €2,925 | €42,047 | +€39,123 | +1337.6% |
| Advances received on contracts in progress | 46 | - | €588 | +€588 | |
| Taxes, remuneration and social security | 45 | €36,010 | €19,331 | -€16,679 | -46.3% |
| Taxes | 450/3 | €36,010 | €19,331 | -€16,679 | -46.3% |
| Accrued charges and deferred income | 492/3 | €104 | €4 | -€99 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,615 | €6,877 | +€5,262 | +325.8% |
| Other operating charges | 640/8 | €550 | €36,136 | +€35,586 | +6469.0% |
| Gross operating margin | 9900 | €89,598 | €71,559 | -€18,040 | -20.1% |
| Operating profit (loss) | 9901 | €87,433 | €28,546 | -€58,887 | -67.4% |
| Financial income | 75/76B | €24,394 | €12,304 | -€12,090 | -49.6% |
| Recurring financial income | 75 | €24,394 | €12,304 | -€12,090 | -49.6% |
| Financial charges | 65/66B | €18,145 | €22,672 | +€4,527 | +24.9% |
| Recurring financial charges | 65 | €18,145 | €22,672 | +€4,527 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €93,682 | €18,178 | -€75,504 | -80.6% |
| Income taxes | 67/77 | €19,331 | €6,939 | -€12,392 | -64.1% |
| Profit (loss) for the period | 9904 | €74,351 | €11,240 | -€63,111 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,351 | €11,240 | -€63,111 | -84.9% |
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.