LN 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.
LN Projects
Largest movements
- Receivables within one year +€2,044
up €2,044 (+8.5%), from €24,125 to €26,169
of which Other amounts receivable: +€1,848
- Cash +€1,125
up €1,125 (+3.9%), from €29,196 to €30,321
mainly Net result for the year (+€22,924) and Tax, wage and social debts (+€5,884)
- Tax, wage and social debts +€5,884
up €5,884 (+94.4%), from €6,235 to €12,119
- Reserves -€2,076
down €2,076 (-4.6%), from €44,763 to €42,687
- Trade debts -€1,134
down €1,134 (-37.0%), from €3,068 to €1,934
- Gross operating margin +€4,531
up €4,531 (+15.5%), from €29,219 to €33,750
- Taxes +€1,539
up €1,539 (+28.2%), from €5,454 to €6,992
- Depreciation -€370
down €370 (-49.5%), from €747 to €377
- Other operating charges +€351
up €351 (+26.1%), from €1,345 to €1,696
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 | €56,566 | €59,241 | +€2,674 | +4.7% |
| Fixed assets | 21/28 | €1,533 | €1,156 | -€377 | -24.6% |
| Tangible fixed assets | 22/27 | €1,533 | €1,156 | -€377 | -24.6% |
| Plant, machinery and equipment | 23 | €37 | - | -€37 | |
| Furniture and vehicles | 24 | €1,496 | €1,156 | -€340 | -22.7% |
| Current assets | 29/58 | €55,033 | €58,084 | +€3,051 | +5.5% |
| Amounts receivable within one year | 40/41 | €24,125 | €26,169 | +€2,044 | +8.5% |
| Trade receivables | 40 | €21,597 | €21,793 | +€197 | +0.9% |
| Other amounts receivable | 41 | €2,528 | €4,376 | +€1,848 | +73.1% |
| Cash at bank and in hand | 54/58 | €29,196 | €30,321 | +€1,125 | +3.9% |
| Deferred charges and accrued income | 490/1 | €1,712 | €1,594 | -€118 | -6.9% |
| Total equity and liabilities | 10/49 | €56,566 | €59,241 | +€2,674 | +4.7% |
| Equity | 10/15 | €47,263 | €45,187 | -€2,076 | -4.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €44,763 | €42,687 | -€2,076 | -4.6% |
| Distributable reserves | 133 | €44,763 | €42,687 | -€2,076 | -4.6% |
| Amounts payable | 17/49 | €9,304 | €14,053 | +€4,750 | +51.1% |
| Amounts payable within one year | 42/48 | €9,304 | €14,053 | +€4,750 | +51.1% |
| Trade debts | 44 | €3,068 | €1,934 | -€1,134 | -37.0% |
| Suppliers | 440/4 | €3,068 | €1,934 | -€1,134 | -37.0% |
| Taxes, remuneration and social security | 45 | €6,235 | €12,119 | +€5,884 | +94.4% |
| Taxes | 450/3 | €6,235 | €12,119 | +€5,884 | +94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €747 | €377 | -€370 | -49.5% |
| Other operating charges | 640/8 | €1,345 | €1,696 | +€351 | +26.1% |
| Gross operating margin | 9900 | €29,219 | €33,750 | +€4,531 | +15.5% |
| Operating profit (loss) | 9901 | €27,127 | €31,677 | +€4,550 | +16.8% |
| Financial income | 75/76B | €178 | €209 | +€31 | +17.3% |
| Recurring financial income | 75 | €178 | €209 | +€31 | +17.3% |
| Financial charges | 65/66B | €2,304 | €1,970 | -€334 | -14.5% |
| Recurring financial charges | 65 | €2,304 | €1,970 | -€334 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €25,001 | €29,917 | +€4,915 | +19.7% |
| Income taxes | 67/77 | €5,454 | €6,992 | +€1,539 | +28.2% |
| Profit (loss) for the period | 9904 | €19,548 | €22,924 | +€3,377 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,548 | €22,924 | +€3,377 | +17.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.