LC Build: 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.
LC Build
Largest movements
- Receivables within one year +€92,429
up €92,429 (+194%), from €47,753 to €140,182
of which Trade receivables: +€98,750
- Cash +€7,412
up €7,412 (+126%), from €5,898 to €13,310
mainly Trade debts (+€80,132) and Other debts (+€13,429)
- Tangible fixed assets -€2,863
down €2,863 (-20.2%), from €14,189 to €11,326
- Trade debts +€80,132
up €80,132 (+336%), from €23,877 to €104,010
- Other debts +€13,429
new in 2024: €13,429
- Reserves +€3,000
up €3,000 (+20.0%), from €15,000 to €18,000
- Current portion of long-term debt -€2,317
down €2,317 (-80.7%), from €2,873 to €555
- Profit (loss) carried forward +€1,750
up €1,750 (+21.2%), from €8,256 to €10,006
- Gross operating margin -€16,122
down €16,122 (-40.8%), from €39,501 to €23,379
- Financial charges +€7,050
up €7,050 (+928%), from €760 to €7,810
- Taxes -€6,155
down €6,155 (-81.9%), from €7,512 to €1,357
- Other operating charges -€666
down €666 (-39.2%), from €1,700 to €1,033
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.
Derived cash bridge
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 | €68,117 | €164,964 | +€96,847 | +142% |
| Fixed assets | 21/28 | €14,189 | €11,326 | -€2,863 | -20.2% |
| Tangible fixed assets | 22/27 | €14,189 | €11,326 | -€2,863 | -20.2% |
| Furniture and vehicles | 24 | €14,189 | €11,326 | -€2,863 | -20.2% |
| Current assets | 29/58 | €53,928 | €153,637 | +€99,709 | +185% |
| Amounts receivable within one year | 40/41 | €47,753 | €140,182 | +€92,429 | +194% |
| Trade receivables | 40 | €19,637 | €118,388 | +€98,750 | +503% |
| Other amounts receivable | 41 | €28,116 | €21,795 | -€6,321 | -22.5% |
| Cash at bank and in hand | 54/58 | €5,898 | €13,310 | +€7,412 | +126% |
| Deferred charges and accrued income | 490/1 | €277 | €145 | -€132 | -47.5% |
| Total equity and liabilities | 10/49 | €68,117 | €164,964 | +€96,847 | +142% |
| Equity | 10/15 | €33,256 | €38,006 | +€4,750 | +14.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €18,000 | +€3,000 | +20.0% |
| Distributable reserves | 133 | €15,000 | €18,000 | +€3,000 | +20.0% |
| Profit (loss) carried forward | 14 | €8,256 | €10,006 | +€1,750 | +21.2% |
| Amounts payable | 17/49 | €34,861 | €126,958 | +€92,097 | +264% |
| Amounts payable within one year | 42/48 | €34,861 | €126,850 | +€91,989 | +264% |
| Current portion of amounts payable after more than one year | 42 | €2,873 | €555 | -€2,317 | -80.7% |
| Trade debts | 44 | €23,877 | €104,010 | +€80,132 | +336% |
| Suppliers | 440/4 | €23,877 | €104,010 | +€80,132 | +336% |
| Taxes, remuneration and social security | 45 | €8,112 | €8,857 | +€745 | +9.2% |
| Taxes | 450/3 | €8,112 | €8,857 | +€745 | +9.2% |
| Other amounts payable | 47/48 | - | €13,429 | +€13,429 | |
| Accrued charges and deferred income | 492/3 | - | €108 | +€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,477 | €8,430 | -€47 | -0.6% |
| Other operating charges | 640/8 | €1,700 | €1,033 | -€666 | -39.2% |
| Gross operating margin | 9900 | €39,501 | €23,379 | -€16,122 | -40.8% |
| Operating profit (loss) | 9901 | €29,325 | €13,916 | -€15,409 | -52.5% |
| Financial income | 75/76B | €0 | €1 | +€0 | +900% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +900% |
| Financial charges | 65/66B | €760 | €7,810 | +€7,050 | +928% |
| Recurring financial charges | 65 | €760 | €7,810 | +€7,050 | +928% |
| Profit (loss) for the period before taxes | 9903 | €28,565 | €6,107 | -€22,459 | -78.6% |
| Income taxes | 67/77 | €7,512 | €1,357 | -€6,155 | -81.9% |
| Profit (loss) for the period | 9904 | €21,054 | €4,750 | -€16,304 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,054 | €4,750 | -€16,304 | -77.4% |
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 17 October 2026 via checked.be.