LL Engineering: 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.
LL Engineering
Largest movements
- Current investments +€90,000
new in 2025: €90,000
- Cash -€80,915
down €80,915 (-56.3%), from €143,739 to €62,824
mainly Current investments (-€90,000) and Debts after one year (-€11,380)
- Receivables within one year -€11,261
down €11,261 (-21.0%), from €53,698 to €42,436
of which Trade receivables: -€27,947
- Tangible fixed assets -€9,896
down €9,896 (-22.8%), from €43,340 to €33,444
of which Furniture and vehicles: -€9,005
- Deferred charges and accrued income +€4,926
up €4,926 (+1300.2%), from €379 to €5,305
- Debts after one year -€11,380
down €11,380 (-53.7%), from €21,176 to €9,796
- Reserves +€6,490
up €6,490 (+3.6%), from €181,254 to €187,744
- Tax, wage and social debts -€5,058
down €5,058 (-28.3%), from €17,858 to €12,800
of which Remuneration and social security: -€4,290
- Trade debts +€3,249
up €3,249 (+122.2%), from €2,658 to €5,907
- Gross operating margin -€42,295
down €42,295 (-60.0%), from €70,549 to €28,255
- Taxes -€16,999
down €16,999 (-78.9%), from €21,551 to €4,551
- Depreciation +€10,014
up €10,014 (+182.0%), from €5,503 to €15,517
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 | €241,156 | €234,009 | -€7,147 | -3.0% |
| Fixed assets | 21/28 | €43,340 | €33,444 | -€9,896 | -22.8% |
| Tangible fixed assets | 22/27 | €43,340 | €33,444 | -€9,896 | -22.8% |
| Plant, machinery and equipment | 23 | €3,064 | €2,172 | -€892 | -29.1% |
| Furniture and vehicles | 24 | €40,277 | €31,272 | -€9,005 | -22.4% |
| Current assets | 29/58 | €197,815 | €200,565 | +€2,749 | +1.4% |
| Amounts receivable within one year | 40/41 | €53,698 | €42,436 | -€11,261 | -21.0% |
| Trade receivables | 40 | €48,044 | €20,097 | -€27,947 | -58.2% |
| Other amounts receivable | 41 | €5,653 | €22,339 | +€16,686 | +295.1% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €143,739 | €62,824 | -€80,915 | -56.3% |
| Deferred charges and accrued income | 490/1 | €379 | €5,305 | +€4,926 | +1300.2% |
| Total equity and liabilities | 10/49 | €241,156 | €234,009 | -€7,147 | -3.0% |
| Equity | 10/15 | €187,632 | €194,126 | +€6,494 | +3.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €181,254 | €187,744 | +€6,490 | +3.6% |
| Distributable reserves | 133 | €181,254 | €187,744 | +€6,490 | +3.6% |
| Profit (loss) carried forward | 14 | €378 | €382 | +€4 | +1.1% |
| Amounts payable | 17/49 | €53,524 | €39,883 | -€13,641 | -25.5% |
| Amounts payable after more than one year | 17 | €21,176 | €9,796 | -€11,380 | -53.7% |
| Financial debts | 170/4 | €21,176 | €9,796 | -€11,380 | -53.7% |
| Amounts payable within one year | 42/48 | €32,348 | €30,086 | -€2,261 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €11,831 | €11,379 | -€452 | -3.8% |
| Trade debts | 44 | €2,658 | €5,907 | +€3,249 | +122.2% |
| Suppliers | 440/4 | €2,658 | €5,907 | +€3,249 | +122.2% |
| Taxes, remuneration and social security | 45 | €17,858 | €12,800 | -€5,058 | -28.3% |
| Taxes | 450/3 | €13,569 | €12,800 | -€768 | -5.7% |
| Remuneration and social security | 454/9 | €4,290 | €0 | -€4,290 | -100.0% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,503 | €15,517 | +€10,014 | +182.0% |
| Other operating charges | 640/8 | €966 | €996 | +€30 | +3.1% |
| Gross operating margin | 9900 | €70,549 | €28,255 | -€42,295 | -60.0% |
| Operating profit (loss) | 9901 | €64,081 | €11,741 | -€52,339 | -81.7% |
| Financial income | 75/76B | €279 | €407 | +€129 | +46.1% |
| Recurring financial income | 75 | €279 | €407 | +€129 | +46.1% |
| Financial charges | 65/66B | €552 | €1,103 | +€551 | +99.7% |
| Recurring financial charges | 65 | €552 | €1,103 | +€551 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €63,807 | €11,045 | -€52,762 | -82.7% |
| Income taxes | 67/77 | €21,551 | €4,551 | -€16,999 | -78.9% |
| Profit (loss) for the period | 9904 | €42,256 | €6,494 | -€35,762 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,256 | €6,494 | -€35,762 | -84.6% |
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.