LAI projects: what changed
Two fiscal 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.
LAI projects
Largest movements
- Tangible fixed assets -€18,959
down €18,959 (-33.7%), from €56,256 to €37,298
of which Plant, machinery and equipment: -€11,673
- Receivables within one year +€9,033
up €9,033 (+44.7%), from €20,186 to €29,219
of which Trade receivables: +€9,033
- Cash -€3,314
down €3,314 (-60.6%), from €5,470 to €2,156
mainly Other debts (-€14,330) and Current portion of long-term debt (-€12,818)
- Other debts -€14,330
down €14,330 (-98.1%), from €14,609 to €279
- Current portion of long-term debt -€12,818
down €12,818 (-64.9%), from €19,737 to €6,919
- Profit (loss) carried forward +€12,132
up €12,132 (+63.1%), from -€19,241 to -€7,109
- Tax, wage and social debts +€7,989
up €7,989 (+138.9%), from €5,750 to €13,739
- Debts after one year -€6,919
down €6,919 (-38.0%), from €18,192 to €11,273
- Gross operating margin +€7,937
up €7,937 (+25.2%), from €31,485 to €39,422
- Depreciation +€2,431
up €2,431 (+14.7%), from €16,528 to €18,959
- Taxes +€1,010
up €1,010 (+19.3%), from €5,232 to €6,242
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 | €81,999 | €68,673 | -€13,326 | -16.3% |
| Fixed assets | 21/28 | €56,256 | €37,298 | -€18,959 | -33.7% |
| Tangible fixed assets | 22/27 | €56,256 | €37,298 | -€18,959 | -33.7% |
| Plant, machinery and equipment | 23 | €39,669 | €27,996 | -€11,673 | -29.4% |
| Leasing and similar rights | 25 | €13,792 | €6,905 | -€6,887 | -49.9% |
| Other tangible fixed assets | 26 | €2,795 | €2,396 | -€399 | -14.3% |
| Current assets | 29/58 | €25,743 | €31,375 | +€5,633 | +21.9% |
| Amounts receivable within one year | 40/41 | €20,186 | €29,219 | +€9,033 | +44.7% |
| Trade receivables | 40 | €6,159 | €15,192 | +€9,033 | +146.7% |
| Other amounts receivable | 41 | €14,028 | €14,028 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,470 | €2,156 | -€3,314 | -60.6% |
| Deferred charges and accrued income | 490/1 | €86 | - | -€86 | |
| Total equity and liabilities | 10/49 | €81,999 | €68,673 | -€13,326 | -16.3% |
| Equity | 10/15 | €13,408 | €25,539 | +€12,132 | +90.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,048 | €14,048 | = | 0.0% |
| Distributable reserves | 133 | €14,048 | €14,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,241 | -€7,109 | +€12,132 | +63.1% |
| Amounts payable | 17/49 | €68,591 | €43,133 | -€25,458 | -37.1% |
| Amounts payable after more than one year | 17 | €18,192 | €11,273 | -€6,919 | -38.0% |
| Financial debts | 170/4 | €18,192 | €11,273 | -€6,919 | -38.0% |
| Amounts payable within one year | 42/48 | €50,400 | €31,861 | -€18,539 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €19,737 | €6,919 | -€12,818 | -64.9% |
| Trade debts | 44 | €10,304 | €10,924 | +€620 | +6.0% |
| Suppliers | 440/4 | €10,304 | €10,924 | +€620 | +6.0% |
| Taxes, remuneration and social security | 45 | €5,750 | €13,739 | +€7,989 | +138.9% |
| Taxes | 450/3 | €5,750 | €13,739 | +€7,989 | +138.9% |
| Other amounts payable | 47/48 | €14,609 | €279 | -€14,330 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,528 | €18,959 | +€2,431 | +14.7% |
| Other operating charges | 640/8 | €225 | €265 | +€39 | +17.4% |
| Gross operating margin | 9900 | €31,485 | €39,422 | +€7,937 | +25.2% |
| Operating profit (loss) | 9901 | €14,731 | €20,198 | +€5,467 | +37.1% |
| Financial charges | 65/66B | €1,530 | €1,825 | +€295 | +19.3% |
| Recurring financial charges | 65 | €1,530 | €1,825 | +€295 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €13,201 | €18,373 | +€5,172 | +39.2% |
| Income taxes | 67/77 | €5,232 | €6,242 | +€1,010 | +19.3% |
| Profit (loss) for the period | 9904 | €7,969 | €12,132 | +€4,163 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,969 | €12,132 | +€4,163 | +52.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.