LS 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.
LS CONSTRUCT
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+442%), from €339,337 to €1.8m
of which Trade receivables: +€1.5m
- Deferred charges and accrued income -€62,053
down €62,053 (-38.7%), from €160,471 to €98,418
- Cash +€53,892
up €53,892 (+325%), from €16,601 to €70,492
mainly Accrued charges and deferred income (+€1.2m) and Short-term financial debts (+€200,000)
- Accrued charges and deferred income +€1.2m
up €1.2m (+325%), from €367,472 to €1.6m
- Short-term financial debts +€200,000
new in 2024: €200,000
- Reserves +€107,000
up €107,000 (+1,408%), from €7,600 to €114,600
- Trade debts -€57,099
down €57,099 (-100%), from €57,099 to €0
- Tax, wage and social debts +€53,646
up €53,646 (+349%), from €15,372 to €69,018
of which Taxes: +€50,146
- Gross operating margin +€182,321
up €182,321 (+2,345%), from €7,775 to €190,095
- Taxes +€64,586
up €64,586 (+14,054%), from €460 to €65,046
- Depreciation -€10,171
down €10,171 (-58.6%), from €17,345 to €7,175
- Financial charges -€8,988
down €8,988 (-54.8%), from €16,408 to €7,421
- Other operating charges +€2,539
up €2,539 (+125%), from €2,032 to €4,571
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €600,736 | €2,088,190 | +€1.5m | +248% |
| Fixed assets | 21/28 | €13,327 | €9,080 | -€4,247 | -31.9% |
| Tangible fixed assets | 22/27 | €13,327 | €9,080 | -€4,247 | -31.9% |
| Plant, machinery and equipment | 23 | €5,939 | €6,677 | +€739 | +12.4% |
| Furniture and vehicles | 24 | €7,388 | €2,403 | -€4,985 | -67.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €587,409 | €2,079,110 | +€1.5m | +254% |
| Amounts receivable after more than one year | 29 | €71,000 | €71,000 | = | 0.0% |
| Other amounts receivable | 291 | €71,000 | €71,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €339,337 | €1,839,199 | +€1.5m | +442% |
| Trade receivables | 40 | €322,876 | €1,798,474 | +€1.5m | +457% |
| Other amounts receivable | 41 | €16,461 | €40,726 | +€24,264 | +147% |
| Cash at bank and in hand | 54/58 | €16,601 | €70,492 | +€53,892 | +325% |
| Deferred charges and accrued income | 490/1 | €160,471 | €98,418 | -€62,053 | -38.7% |
| Total equity and liabilities | 10/49 | €600,736 | €2,088,190 | +€1.5m | +248% |
| Equity | 10/15 | €147,642 | €255,655 | +€108,013 | +73.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,600 | €114,600 | +€107,000 | +1,408% |
| Distributable reserves | 133 | €7,600 | €114,600 | +€107,000 | +1,408% |
| Profit (loss) carried forward | 14 | €133,842 | €134,855 | +€1,013 | +0.8% |
| Amounts payable | 17/49 | €453,094 | €1,832,535 | +€1.4m | +304% |
| Amounts payable within one year | 42/48 | €85,622 | €269,018 | +€183,396 | +214% |
| Current portion of amounts payable after more than one year | 42 | €10,769 | €0 | -€10,769 | -100% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €57,099 | €0 | -€57,099 | -100% |
| Suppliers | 440/4 | €57,099 | €0 | -€57,099 | -100% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,372 | €69,018 | +€53,646 | +349% |
| Taxes | 450/3 | €15,372 | €65,518 | +€50,146 | +326% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €2,383 | €0 | -€2,383 | -100% |
| Accrued charges and deferred income | 492/3 | €367,472 | €1,563,517 | +€1.2m | +325% |
| Non-recurring operating income | 76A | - | €2,205 | +€2,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,345 | €7,175 | -€10,171 | -58.6% |
| Other operating charges | 640/8 | €2,032 | €4,571 | +€2,539 | +125% |
| Gross operating margin | 9900 | €7,775 | €190,095 | +€182,321 | +2,345% |
| Operating profit (loss) | 9901 | -€11,603 | €178,349 | +€189,952 | |
| Financial income | 75/76B | €1,395 | €2,130 | +€735 | +52.7% |
| Recurring financial income | 75 | €1,395 | €2,130 | +€735 | +52.7% |
| Financial charges | 65/66B | €16,408 | €7,421 | -€8,988 | -54.8% |
| Recurring financial charges | 65 | €16,408 | €7,421 | -€8,988 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,616 | €173,059 | +€199,675 | |
| Income taxes | 67/77 | €460 | €65,046 | +€64,586 | +14,054% |
| Profit (loss) for the period | 9904 | -€27,075 | €108,013 | +€135,089 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,075 | €108,013 | +€135,089 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.