LN CONSTRUCT: 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.
LN CONSTRUCT
Largest movements
- Receivables within one year -€61,598
down €61,598 (-51.9%), from €118,727 to €57,129
of which Trade receivables: -€66,919
- Cash -€39,454
down €39,454 (-75.1%), from €52,537 to €13,082
mainly Other debts (-€30,287) and Trade debts (-€23,747)
- Other debts -€30,287
no longer reported in 2025 (was €30,287)
- Trade debts -€23,747
down €23,747 (-58.6%), from €40,539 to €16,792
- Debts after one year -€21,136
down €21,136 (-24.2%), from €87,418 to €66,282
- Tax, wage and social debts -€15,413
down €15,413 (-99.4%), from €15,507 to €94
- Profit (loss) carried forward -€11,419
down €11,419 (-24.2%), from €47,232 to €35,813
- Depreciation +€8,219
up €8,219 (+96.7%), from €8,498 to €16,717
- Gross operating margin -€4,955
down €4,955 (-29.9%), from €16,567 to €11,612
- Taxes -€3,290
no longer reported in 2025 (was €3,290)
- Other operating charges -€2,910
down €2,910 (-91.5%), from €3,181 to €271
- Financial charges +€2,836
up €2,836 (+87.7%), from €3,234 to €6,070
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 | €250,487 | €150,117 | -€100,370 | -40.1% |
| Fixed assets | 21/28 | €79,224 | €79,007 | -€217 | -0.3% |
| Tangible fixed assets | 22/27 | €79,224 | €79,007 | -€217 | -0.3% |
| Plant, machinery and equipment | 23 | €10,001 | €24,973 | +€14,972 | +150% |
| Furniture and vehicles | 24 | €69,223 | €54,034 | -€15,189 | -21.9% |
| Current assets | 29/58 | €171,263 | €71,110 | -€100,153 | -58.5% |
| Amounts receivable within one year | 40/41 | €118,727 | €57,129 | -€61,598 | -51.9% |
| Trade receivables | 40 | €118,362 | €51,443 | -€66,919 | -56.5% |
| Other amounts receivable | 41 | €365 | €5,686 | +€5,321 | +1,459% |
| Cash at bank and in hand | 54/58 | €52,537 | €13,082 | -€39,454 | -75.1% |
| Deferred charges and accrued income | 490/1 | - | €898 | +€898 | |
| Total equity and liabilities | 10/49 | €250,487 | €150,117 | -€100,370 | -40.1% |
| Equity | 10/15 | €57,232 | €45,813 | -€11,419 | -20.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,232 | €35,813 | -€11,419 | -24.2% |
| Amounts payable | 17/49 | €193,255 | €104,304 | -€88,951 | -46.0% |
| Amounts payable after more than one year | 17 | €87,418 | €66,282 | -€21,136 | -24.2% |
| Financial debts | 170/4 | €87,418 | €66,282 | -€21,136 | -24.2% |
| Amounts payable within one year | 42/48 | €105,837 | €38,022 | -€67,815 | -64.1% |
| Current portion of amounts payable after more than one year | 42 | €19,504 | €21,136 | +€1,632 | +8.4% |
| Trade debts | 44 | €40,539 | €16,792 | -€23,747 | -58.6% |
| Suppliers | 440/4 | €40,539 | €16,792 | -€23,747 | -58.6% |
| Taxes, remuneration and social security | 45 | €15,507 | €94 | -€15,413 | -99.4% |
| Taxes | 450/3 | €15,507 | €94 | -€15,413 | -99.4% |
| Other amounts payable | 47/48 | €30,287 | - | -€30,287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,498 | €16,717 | +€8,219 | +96.7% |
| Other operating charges | 640/8 | €3,181 | €271 | -€2,910 | -91.5% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €16,567 | €11,612 | -€4,955 | -29.9% |
| Operating profit (loss) | 9901 | €4,888 | -€5,426 | -€10,314 | |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €3,234 | €6,070 | +€2,836 | +87.7% |
| Recurring financial charges | 65 | €3,234 | €6,070 | +€2,836 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | €1,653 | -€11,419 | -€13,073 | |
| Income taxes | 67/77 | €3,290 | - | -€3,290 | |
| Profit (loss) for the period | 9904 | -€1,636 | -€11,419 | -€9,783 | -598% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,636 | -€11,419 | -€9,783 | -598% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.