LNJ 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.
LNJ PROJECTS
Largest movements
- Receivables within one year -€25,263
down €25,263 (-17.3%), from €145,924 to €120,661
of which Trade receivables: -€19,454
- Debts after one year -€98,176
down €98,176 (-12.7%), from €771,050 to €672,874
of which Financial debts: -€98,176
- Reserves +€71,787
up €71,787 (+19.3%), from €371,410 to €443,197
- Financial income -€22,289
down €22,289 (-100.0%), from €22,290 to €0
- Taxes +€12,706
up €12,706 (+108%), from €11,785 to €24,492
- Gross operating margin +€7,530
up €7,530 (+7.1%), from €105,862 to €113,392
- Financial charges -€4,198
down €4,198 (-21.0%), from €19,978 to €15,780
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 | €1,303,354 | €1,282,537 | -€20,817 | -1.6% |
| Fixed assets | 21/28 | €1,155,853 | €1,155,636 | -€217 | 0.0% |
| Tangible fixed assets | 22/27 | €217 | €0 | -€217 | -100% |
| Furniture and vehicles | 24 | €217 | €0 | -€217 | -100% |
| Financial fixed assets | 28 | €1,155,636 | €1,155,636 | = | 0.0% |
| Current assets | 29/58 | €147,502 | €126,901 | -€20,600 | -14.0% |
| Amounts receivable within one year | 40/41 | €145,924 | €120,661 | -€25,263 | -17.3% |
| Trade receivables | 40 | €111,705 | €92,251 | -€19,454 | -17.4% |
| Other amounts receivable | 41 | €34,219 | €28,410 | -€5,809 | -17.0% |
| Cash at bank and in hand | 54/58 | €231 | €5,039 | +€4,808 | +2,083% |
| Deferred charges and accrued income | 490/1 | €1,346 | €1,201 | -€145 | -10.8% |
| Total equity and liabilities | 10/49 | €1,303,354 | €1,282,537 | -€20,817 | -1.6% |
| Equity | 10/15 | €391,410 | €463,197 | +€71,787 | +18.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €371,410 | €443,197 | +€71,787 | +19.3% |
| Distributable reserves | 133 | €371,410 | €443,197 | +€71,787 | +19.3% |
| Amounts payable | 17/49 | €911,945 | €819,340 | -€92,604 | -10.2% |
| Amounts payable after more than one year | 17 | €771,050 | €672,874 | -€98,176 | -12.7% |
| Financial debts | 170/4 | €558,437 | €460,261 | -€98,176 | -17.6% |
| Other amounts payable | 178/9 | €212,614 | €212,614 | = | 0.0% |
| Amounts payable within one year | 42/48 | €140,894 | €140,285 | -€609 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €118,891 | €119,065 | +€175 | +0.1% |
| Trade debts | 44 | €7,098 | €3,680 | -€3,418 | -48.2% |
| Suppliers | 440/4 | €7,098 | €3,680 | -€3,418 | -48.2% |
| Taxes, remuneration and social security | 45 | €14,905 | €17,539 | +€2,634 | +17.7% |
| Taxes | 450/3 | €11,135 | €11,884 | +€749 | +6.7% |
| Remuneration and social security | 454/9 | €3,770 | €5,655 | +€1,885 | +50.0% |
| Accrued charges and deferred income | 492/3 | - | €6,181 | +€6,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | €217 | -€313 | -59.1% |
| Other operating charges | 640/8 | €1,324 | €1,116 | -€207 | -15.7% |
| Gross operating margin | 9900 | €105,862 | €113,392 | +€7,530 | +7.1% |
| Operating profit (loss) | 9901 | €104,008 | €112,059 | +€8,051 | +7.7% |
| Financial income | 75/76B | €22,290 | €0 | -€22,289 | -100.0% |
| Recurring financial income | 75 | €22,290 | €0 | -€22,289 | -100.0% |
| Financial charges | 65/66B | €19,978 | €15,780 | -€4,198 | -21.0% |
| Recurring financial charges | 65 | €19,978 | €15,780 | -€4,198 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €106,319 | €96,279 | -€10,040 | -9.4% |
| Income taxes | 67/77 | €11,785 | €24,492 | +€12,706 | +108% |
| Profit (loss) for the period | 9904 | €94,534 | €71,787 | -€22,747 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,534 | €71,787 | -€22,747 | -24.1% |
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 17 October 2026 via checked.be.