LJ 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.
LJ PROJECTS
Largest movements
- Cash -€45,489
down €45,489 (-92.9%), from €48,951 to €3,462
mainly Net result for the year (-€61,387) and Trade debts (-€11,943)
- Receivables within one year -€12,657
down €12,657 (-85.8%), from €14,760 to €2,103
of which Other amounts receivable: -€6,585
- Deferred charges and accrued income -€1,804
down €1,804 (-86.4%), from €2,088 to €284
- Tangible fixed assets -€897
down €897 (-32.2%), from €2,782 to €1,885
of which Furniture and vehicles: -€807
- Profit (loss) carried forward -€61,387
down €61,387, from €21,538 to -€39,849
- Trade debts -€11,943
down €11,943 (-62.9%), from €18,981 to €7,038
- Tax, wage and social debts +€9,353
up €9,353 (+102%), from €9,149 to €18,502
of which Taxes: +€10,798
- Other debts +€3,629
new in 2025: €3,629
- Gross operating margin +€43,045
up €43,045 (+46.3%), from €92,964 to €136,009
- Write-downs +€5,475
new in 2025: €5,475
- Staff costs -€4,463
down €4,463 (-5.2%), from €86,410 to €81,947
- Taxes +€2,768
up €2,768 (+46.3%), from €5,983 to €8,751
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 | €70,715 | €9,868 | -€60,847 | -86.0% |
| Fixed assets | 21/28 | €2,821 | €1,924 | -€897 | -31.8% |
| Tangible fixed assets | 22/27 | €2,782 | €1,885 | -€897 | -32.2% |
| Plant, machinery and equipment | 23 | €90 | - | -€90 | |
| Furniture and vehicles | 24 | €2,692 | €1,885 | -€807 | -30.0% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €67,894 | €7,944 | -€59,950 | -88.3% |
| Stocks and contracts in progress | 3 | €2,095 | €2,095 | = | 0.0% |
| Stocks | 30/36 | €2,095 | €2,095 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,760 | €2,103 | -€12,657 | -85.8% |
| Trade receivables | 40 | €8,002 | €1,930 | -€6,072 | -75.9% |
| Other amounts receivable | 41 | €6,758 | €173 | -€6,585 | -97.4% |
| Cash at bank and in hand | 54/58 | €48,951 | €3,462 | -€45,489 | -92.9% |
| Deferred charges and accrued income | 490/1 | €2,088 | €284 | -€1,804 | -86.4% |
| Total equity and liabilities | 10/49 | €70,715 | €9,868 | -€60,847 | -86.0% |
| Equity | 10/15 | €41,998 | -€19,389 | -€61,387 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,538 | -€39,849 | -€61,387 | |
| Amounts payable | 17/49 | €28,717 | €29,257 | +€540 | +1.9% |
| Amounts payable within one year | 42/48 | €28,630 | €29,169 | +€539 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €500 | - | -€500 | |
| Trade debts | 44 | €18,981 | €7,038 | -€11,943 | -62.9% |
| Suppliers | 440/4 | €18,981 | €7,038 | -€11,943 | -62.9% |
| Taxes, remuneration and social security | 45 | €9,149 | €18,502 | +€9,353 | +102% |
| Taxes | 450/3 | €2,000 | €12,798 | +€10,798 | +540% |
| Remuneration and social security | 454/9 | €7,149 | €5,704 | -€1,445 | -20.2% |
| Other amounts payable | 47/48 | - | €3,629 | +€3,629 | |
| Accrued charges and deferred income | 492/3 | €87 | €88 | +€1 | +1.1% |
| Remuneration, social security and pensions | 62 | €86,410 | €81,947 | -€4,463 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €897 | €897 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,475 | +€5,475 | |
| Other operating charges | 640/8 | €10,228 | €9,779 | -€449 | -4.4% |
| Non-recurring operating charges | 66A | - | €89,709 | +€89,709 | |
| Gross operating margin | 9900 | €92,964 | €136,009 | +€43,045 | +46.3% |
| Operating profit (loss) | 9901 | -€4,571 | -€51,798 | -€47,227 | -1,033% |
| Financial income | 75/76B | €137 | €94 | -€43 | -31.4% |
| Recurring financial income | 75 | €137 | €94 | -€43 | -31.4% |
| Financial charges | 65/66B | €2,215 | €932 | -€1,283 | -57.9% |
| Recurring financial charges | 65 | €2,215 | €932 | -€1,283 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,649 | -€52,636 | -€45,987 | -692% |
| Income taxes | 67/77 | €5,983 | €8,751 | +€2,768 | +46.3% |
| Profit (loss) for the period | 9904 | -€12,632 | -€61,387 | -€48,755 | -386% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,632 | -€61,387 | -€48,755 | -386% |
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 14 October 2026 via checked.be.