LSEAT Engineering: 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.
LSEAT Engineering
Largest movements
- Receivables within one year -€109,348
down €109,348 (-68.4%), from €159,967 to €50,619
of which Trade receivables: -€104,710
- Intangible fixed assets +€21,870
up €21,870 (+1096.4%), from €1,995 to €23,864
- Tangible fixed assets +€6,885
up €6,885 (+207.9%), from €3,312 to €10,197
of which Assets under construction and advance payments: +€7,940
- Profit (loss) carried forward -€137,000
down €137,000 (-1537.0%), from -€8,914 to -€145,914
- Other debts +€26,023
new in 2025: €26,023
- Trade debts +€19,431
up €19,431 (+91.8%), from €21,168 to €40,599
- Short-term financial debts +€11,096
up €11,096 (+7.8%), from €143,019 to €154,115
- Other operating charges +€97,104
up €97,104 (+1229.8%), from €7,896 to €105,000
- Gross operating margin -€95,575
down €95,575, from €89,884 to -€5,691
- Depreciation +€6,493
up €6,493 (+420.0%), from €1,546 to €8,039
- Financial charges -€5,916
down €5,916 (-24.5%), from €24,186 to €18,270
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 | €165,273 | €84,823 | -€80,451 | -48.7% |
| Fixed assets | 21/28 | €5,307 | €34,062 | +€28,755 | +541.9% |
| Intangible fixed assets | 21 | €1,995 | €23,864 | +€21,870 | +1096.4% |
| Tangible fixed assets | 22/27 | €3,312 | €10,197 | +€6,885 | +207.9% |
| Plant, machinery and equipment | 23 | €2,112 | €1,435 | -€677 | -32.0% |
| Furniture and vehicles | 24 | €1,200 | €822 | -€378 | -31.5% |
| Assets under construction and advance payments | 27 | - | €7,940 | +€7,940 | |
| Current assets | 29/58 | €159,967 | €50,761 | -€109,206 | -68.3% |
| Amounts receivable within one year | 40/41 | €159,967 | €50,619 | -€109,348 | -68.4% |
| Trade receivables | 40 | €124,700 | €19,990 | -€104,710 | -84.0% |
| Other amounts receivable | 41 | €35,267 | €30,629 | -€4,637 | -13.1% |
| Cash at bank and in hand | 54/58 | - | €142 | +€142 | |
| Total equity and liabilities | 10/49 | €165,273 | €84,823 | -€80,451 | -48.7% |
| Equity | 10/15 | €1,086 | -€135,914 | -€137,000 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,914 | -€145,914 | -€137,000 | -1537.0% |
| Amounts payable | 17/49 | €164,187 | €220,737 | +€56,550 | +34.4% |
| Amounts payable within one year | 42/48 | €164,187 | €220,737 | +€56,550 | +34.4% |
| Financial debts | 43 | €143,019 | €154,115 | +€11,096 | +7.8% |
| Credit institutions | 430/8 | €143,019 | €154,115 | +€11,096 | +7.8% |
| Trade debts | 44 | €21,168 | €40,599 | +€19,431 | +91.8% |
| Suppliers | 440/4 | €21,168 | €40,599 | +€19,431 | +91.8% |
| Other amounts payable | 47/48 | - | €26,023 | +€26,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,546 | €8,039 | +€6,493 | +420.0% |
| Other operating charges | 640/8 | €7,896 | €105,000 | +€97,104 | +1229.8% |
| Non-recurring operating charges | 66A | €37,500 | - | -€37,500 | |
| Gross operating margin | 9900 | €89,884 | -€5,691 | -€95,575 | |
| Operating profit (loss) | 9901 | €42,942 | -€118,730 | -€161,672 | |
| Financial income | 75/76B | €601 | - | -€601 | |
| Recurring financial income | 75 | €601 | - | -€601 | |
| Financial charges | 65/66B | €24,186 | €18,270 | -€5,916 | -24.5% |
| Recurring financial charges | 65 | €24,186 | €18,270 | -€5,916 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €19,357 | -€137,000 | -€156,357 | |
| Profit (loss) for the period | 9904 | €19,357 | -€137,000 | -€156,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,357 | -€137,000 | -€156,357 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.