LF-Projects: 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.
LF-Projects
Largest movements
- Tangible fixed assets -€10,801
down €10,801 (-27.7%), from €38,922 to €28,121
- Receivables within one year +€9,105
up €9,105 (+239%), from €3,813 to €12,918
of which Trade receivables: +€8,718
- Cash -€7,505
down €7,505 (-60.7%), from €12,371 to €4,866
mainly Receivables within one year (-€9,105) and Net result for the year (-€4,356)
- Stocks and contracts +€3,294
up €3,294 (+13.2%), from €24,979 to €28,273
- Deferred charges and accrued income +€1,626
up €1,626, from €0 to €1,626
- Profit (loss) carried forward -€4,356
down €4,356 (-37.1%), from €11,752 to €7,396
- Purchases and services -€14,887
down €14,887 (-53.5%), from €27,837 to €12,949
- Turnover -€13,600
down €13,600 (-39.1%), from €34,780 to €21,181
- Financial income -€8,798
down €8,798 (-98.7%), from €8,913 to €116
of which Non-recurring financial income: -€8,613
- Gross operating margin +€1,288
up €1,288 (+18.5%), from €6,944 to €8,231
- Depreciation +€1,031
up €1,031 (+10.5%), from €9,770 to €10,801
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 | €80,085 | €75,804 | -€4,280 | -5.3% |
| Fixed assets | 21/28 | €38,922 | €28,121 | -€10,801 | -27.7% |
| Tangible fixed assets | 22/27 | €38,922 | €28,121 | -€10,801 | -27.7% |
| Furniture and vehicles | 24 | €38,922 | €28,121 | -€10,801 | -27.7% |
| Current assets | 29/58 | €41,163 | €47,683 | +€6,520 | +15.8% |
| Stocks and contracts in progress | 3 | €24,979 | €28,273 | +€3,294 | +13.2% |
| Stocks | 30/36 | €24,979 | €28,273 | +€3,294 | +13.2% |
| Amounts receivable within one year | 40/41 | €3,813 | €12,918 | +€9,105 | +239% |
| Trade receivables | 40 | €2,296 | €11,015 | +€8,718 | +380% |
| Other amounts receivable | 41 | €1,516 | €1,903 | +€386 | +25.5% |
| Cash at bank and in hand | 54/58 | €12,371 | €4,866 | -€7,505 | -60.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,626 | +€1,626 | |
| Total equity and liabilities | 10/49 | €80,085 | €75,804 | -€4,280 | -5.3% |
| Equity | 10/15 | €38,118 | €33,762 | -€4,356 | -11.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €20,169 | €20,169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €18,310 | €18,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,752 | €7,396 | -€4,356 | -37.1% |
| Amounts payable | 17/49 | €41,967 | €42,042 | +€75 | +0.2% |
| Amounts payable within one year | 42/48 | €41,967 | €42,042 | +€75 | +0.2% |
| Trade debts | 44 | €375 | €253 | -€122 | -32.4% |
| Suppliers | 440/4 | €375 | €253 | -€122 | -32.4% |
| Other amounts payable | 47/48 | €41,592 | €41,789 | +€197 | +0.5% |
| Turnover | 70 | €34,780 | €21,181 | -€13,600 | -39.1% |
| Non-recurring operating income | 76A | €8,728 | €115 | -€8,613 | -98.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,837 | €12,949 | -€14,887 | -53.5% |
| Remuneration, social security and pensions | 62 | €816 | €249 | -€568 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,770 | €10,801 | +€1,031 | +10.5% |
| Other operating charges | 640/8 | €672 | €1,453 | +€781 | +116% |
| Gross operating margin | 9900 | €6,944 | €8,231 | +€1,288 | +18.5% |
| Operating profit (loss) | 9901 | -€4,315 | -€4,271 | +€44 | +1.0% |
| Financial income | 75/76B | €8,913 | €116 | -€8,798 | -98.7% |
| Recurring financial income | 75 | €186 | €1 | -€185 | -99.5% |
| Non-recurring financial income | 76B | €8,728 | €115 | -€8,613 | -98.7% |
| Financial charges | 65/66B | €212 | €200 | -€12 | -5.5% |
| Recurring financial charges | 65 | €212 | €200 | -€12 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €4,387 | -€4,356 | -€8,742 | |
| Profit (loss) for the period | 9904 | €4,387 | -€4,356 | -€8,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,387 | -€4,356 | -€8,742 |
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 13 October 2026 via checked.be.