LK 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.
LK Projects
Largest movements
- Tangible fixed assets -€15,203
down €15,203 (-95.4%), from €15,933 to €730
of which Furniture and vehicles: -€14,963
- Cash -€8,348
down €8,348 (-12.2%), from €68,560 to €60,213
mainly Tax, wage and social debts (-€10,342) and Deferred charges and accrued income (-€6,085)
- Deferred charges and accrued income +€6,085
up €6,085 (+912.5%), from €667 to €6,752
- Receivables within one year +€1,185
up €1,185 (+12.4%), from €9,589 to €10,774
of which Trade receivables: +€924
- Tax, wage and social debts -€10,342
down €10,342 (-86.1%), from €12,016 to €1,674
of which Taxes: -€10,216
- Reserves +€6,762
up €6,762 (+10.5%), from €64,622 to €71,384
- Short-term financial debts -€4,723
no longer reported in 2025 (was €4,723)
- Debts after one year -€4,542
no longer reported in 2025 (was €4,542)
- Trade debts -€3,500
down €3,500 (-54.7%), from €6,403 to €2,903
- Gross operating margin -€30,414
down €30,414 (-64.8%), from €46,927 to €16,513
- Depreciation -€7,104
down €7,104 (-92.3%), from €7,701 to €596
- Taxes -€5,864
down €5,864 (-71.5%), from €8,198 to €2,334
- Other operating charges -€518
down €518 (-39.1%), from €1,325 to €807
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 | €94,749 | €78,469 | -€16,281 | -17.2% |
| Fixed assets | 21/28 | €15,933 | €730 | -€15,203 | -95.4% |
| Tangible fixed assets | 22/27 | €15,933 | €730 | -€15,203 | -95.4% |
| Plant, machinery and equipment | 23 | €719 | €479 | -€240 | -33.4% |
| Furniture and vehicles | 24 | €15,214 | €251 | -€14,963 | -98.4% |
| Current assets | 29/58 | €78,816 | €77,738 | -€1,078 | -1.4% |
| Amounts receivable within one year | 40/41 | €9,589 | €10,774 | +€1,185 | +12.4% |
| Trade receivables | 40 | €8,185 | €9,109 | +€924 | +11.3% |
| Other amounts receivable | 41 | €1,404 | €1,665 | +€260 | +18.5% |
| Cash at bank and in hand | 54/58 | €68,560 | €60,213 | -€8,348 | -12.2% |
| Deferred charges and accrued income | 490/1 | €667 | €6,752 | +€6,085 | +912.5% |
| Total equity and liabilities | 10/49 | €94,749 | €78,469 | -€16,281 | -17.2% |
| Equity | 10/15 | €66,622 | €73,384 | +€6,762 | +10.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €64,622 | €71,384 | +€6,762 | +10.5% |
| Distributable reserves | 133 | €64,622 | €71,384 | +€6,762 | +10.5% |
| Amounts payable | 17/49 | €28,128 | €5,085 | -€23,043 | -81.9% |
| Amounts payable after more than one year | 17 | €4,542 | - | -€4,542 | |
| Financial debts | 170/4 | €4,542 | - | -€4,542 | |
| Amounts payable within one year | 42/48 | €23,586 | €5,085 | -€18,501 | -78.4% |
| Financial debts | 43 | €4,723 | - | -€4,723 | |
| Credit institutions | 430/8 | €4,723 | - | -€4,723 | |
| Trade debts | 44 | €6,403 | €2,903 | -€3,500 | -54.7% |
| Suppliers | 440/4 | €6,403 | €2,903 | -€3,500 | -54.7% |
| Taxes, remuneration and social security | 45 | €12,016 | €1,674 | -€10,342 | -86.1% |
| Taxes | 450/3 | €10,216 | - | -€10,216 | |
| Remuneration and social security | 454/9 | €1,800 | €1,674 | -€126 | -7.0% |
| Other amounts payable | 47/48 | €443 | €507 | +€65 | +14.6% |
| Non-recurring operating income | 76A | - | €247 | +€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,701 | €596 | -€7,104 | -92.3% |
| Other operating charges | 640/8 | €1,325 | €807 | -€518 | -39.1% |
| Non-recurring operating charges | 66A | - | €4,854 | +€4,854 | |
| Gross operating margin | 9900 | €46,927 | €16,513 | -€30,414 | -64.8% |
| Operating profit (loss) | 9901 | €37,901 | €10,257 | -€27,645 | -72.9% |
| Financial income | 75/76B | €30 | €121 | +€91 | +299.6% |
| Recurring financial income | 75 | €30 | €121 | +€91 | +299.6% |
| Financial charges | 65/66B | €954 | €1,281 | +€327 | +34.3% |
| Recurring financial charges | 65 | €954 | €1,281 | +€327 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €36,978 | €9,096 | -€27,881 | -75.4% |
| Income taxes | 67/77 | €8,198 | €2,334 | -€5,864 | -71.5% |
| Profit (loss) for the period | 9904 | €28,780 | €6,762 | -€22,017 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,780 | €6,762 | -€22,017 | -76.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.