LRP 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.
LRP Construct
Largest movements
- Receivables within one year +€162,140
up €162,140 (+100.1%), from €162,043 to €324,183
of which Other amounts receivable: +€131,731
- Cash -€28,908
down €28,908 (-90.0%), from €32,107 to €3,199
mainly Receivables within one year (-€162,140) and Investment in fixed assets (net) (-€21,513)
- Deferred charges and accrued income -€16,946
down €16,946 (-69.1%), from €24,528 to €7,582
- Tangible fixed assets +€12,501
up €12,501 (+50.1%), from €24,948 to €37,449
of which Plant, machinery and equipment: +€13,518
- Reserves +€79,032
up €79,032 (+6967.9%), from €1,134 to €80,167
of which Distributable reserves: +€79,032
- Accrued charges and deferred income +€64,476
new in 2025: €64,476
- Trade debts -€16,086
down €16,086 (-44.0%), from €36,574 to €20,488
- Debts after one year -€13,826
down €13,826 (-29.7%), from €46,583 to €32,757
- Tax, wage and social debts +€7,393
up €7,393 (+14.2%), from €52,123 to €59,515
- Gross operating margin -€68,907
down €68,907 (-29.0%), from €237,771 to €168,864
- Staff costs +€38,020
up €38,020 (+953.3%), from €3,988 to €42,008
- Taxes -€11,533
down €11,533 (-22.9%), from €50,314 to €38,782
- Financial charges -€10,055
down €10,055 (-64.1%), from €15,679 to €5,624
- Other operating charges -€8,130
down €8,130 (-71.7%), from €11,347 to €3,217
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 | €350,756 | €476,929 | +€126,173 | +36.0% |
| Fixed assets | 21/28 | €24,948 | €38,849 | +€13,901 | +55.7% |
| Tangible fixed assets | 22/27 | €24,948 | €37,449 | +€12,501 | +50.1% |
| Plant, machinery and equipment | 23 | €8,843 | €22,361 | +€13,518 | +152.9% |
| Furniture and vehicles | 24 | €8,030 | €8,312 | +€282 | +3.5% |
| Other tangible fixed assets | 26 | €8,075 | €6,776 | -€1,299 | -16.1% |
| Financial fixed assets | 28 | - | €1,400 | +€1,400 | |
| Current assets | 29/58 | €325,809 | €438,081 | +€112,272 | +34.5% |
| Amounts receivable after more than one year | 29 | €107,131 | €103,117 | -€4,013 | -3.7% |
| Trade receivables | 290 | - | €103,117 | +€103,117 | |
| Other amounts receivable | 291 | €107,131 | - | -€107,131 | |
| Amounts receivable within one year | 40/41 | €162,043 | €324,183 | +€162,140 | +100.1% |
| Trade receivables | 40 | €61,907 | €92,316 | +€30,409 | +49.1% |
| Other amounts receivable | 41 | €100,136 | €231,867 | +€131,731 | +131.6% |
| Cash at bank and in hand | 54/58 | €32,107 | €3,199 | -€28,908 | -90.0% |
| Deferred charges and accrued income | 490/1 | €24,528 | €7,582 | -€16,946 | -69.1% |
| Total equity and liabilities | 10/49 | €350,756 | €476,929 | +€126,173 | +36.0% |
| Equity | 10/15 | €202,405 | €281,438 | +€79,032 | +39.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,134 | €80,167 | +€79,032 | +6967.9% |
| Non-distributable reserves | 130/1 | €1,134 | €1,134 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,134 | €1,134 | = | 0.0% |
| Distributable reserves | 133 | - | €79,032 | +€79,032 | |
| Profit (loss) carried forward | 14 | €199,271 | €199,271 | = | 0.0% |
| Amounts payable | 17/49 | €148,351 | €195,492 | +€47,141 | +31.8% |
| Amounts payable after more than one year | 17 | €46,583 | €32,757 | -€13,826 | -29.7% |
| Financial debts | 170/4 | €46,583 | €32,757 | -€13,826 | -29.7% |
| Amounts payable within one year | 42/48 | €101,768 | €98,258 | -€3,510 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €13,071 | €14,944 | +€1,872 | +14.3% |
| Trade debts | 44 | €36,574 | €20,488 | -€16,086 | -44.0% |
| Suppliers | 440/4 | €36,574 | €20,488 | -€16,086 | -44.0% |
| Taxes, remuneration and social security | 45 | €52,123 | €59,515 | +€7,393 | +14.2% |
| Taxes | 450/3 | €52,123 | €59,515 | +€7,393 | +14.2% |
| Other amounts payable | 47/48 | - | €3,311 | +€3,311 | |
| Accrued charges and deferred income | 492/3 | - | €64,476 | +€64,476 | |
| Remuneration, social security and pensions | 62 | €3,988 | €42,008 | +€38,020 | +953.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,795 | €7,612 | -€183 | -2.3% |
| Other operating charges | 640/8 | €11,347 | €3,217 | -€8,130 | -71.7% |
| Gross operating margin | 9900 | €237,771 | €168,864 | -€68,907 | -29.0% |
| Operating profit (loss) | 9901 | €214,642 | €116,028 | -€98,614 | -45.9% |
| Financial income | 75/76B | €3,493 | €7,410 | +€3,917 | +112.2% |
| Recurring financial income | 75 | €3,493 | €7,410 | +€3,917 | +112.2% |
| Financial charges | 65/66B | €15,679 | €5,624 | -€10,055 | -64.1% |
| Recurring financial charges | 65 | €15,679 | €5,624 | -€10,055 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €202,455 | €117,814 | -€84,641 | -41.8% |
| Income taxes | 67/77 | €50,314 | €38,782 | -€11,533 | -22.9% |
| Profit (loss) for the period | 9904 | €152,141 | €79,032 | -€73,109 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €152,141 | €79,032 | -€73,109 | -48.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.