LT Construction: what changed
Two fiscal 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.
LT Construction
Largest movements
- Receivables within one year +€33,123
up €33,123 (+111.7%), from €29,645 to €62,768
of which Other amounts receivable: +€33,538
- Cash -€13,202
down €13,202 (-63.0%), from €20,948 to €7,746
mainly Receivables within one year (-€33,123) and Investment in fixed assets (net) (-€5,440)
- Tangible fixed assets -€6,797
down €6,797 (-50.7%), from €13,404 to €6,607
of which Furniture and vehicles: -€7,056
- Trade debts +€16,254
up €16,254 (+2396.1%), from €678 to €16,933
- Advances received +€5,040
new in 2025: €5,040
- Debts after one year -€4,407
down €4,407 (-46.6%), from €9,457 to €5,050
- Current portion of long-term debt -€3,094
down €3,094 (-41.3%), from €7,501 to €4,407
- Gross operating margin -€3,328
down €3,328 (-21.6%), from €15,403 to €12,075
- Financial income +€1,508
up €1,508 (+105.0%), from €1,436 to €2,944
- Depreciation +€797
up €797 (+7.0%), from €11,440 to €12,237
- Taxes -€632
down €632, from €629 to -€3
- Financial charges +€559
up €559 (+33.1%), from €1,687 to €2,246
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 | €64,730 | €77,823 | +€13,093 | +20.2% |
| Fixed assets | 21/28 | €13,404 | €6,607 | -€6,797 | -50.7% |
| Tangible fixed assets | 22/27 | €13,404 | €6,607 | -€6,797 | -50.7% |
| Plant, machinery and equipment | 23 | €422 | €681 | +€259 | +61.4% |
| Furniture and vehicles | 24 | €12,982 | €5,926 | -€7,056 | -54.4% |
| Current assets | 29/58 | €51,326 | €71,216 | +€19,890 | +38.8% |
| Amounts receivable within one year | 40/41 | €29,645 | €62,768 | +€33,123 | +111.7% |
| Trade receivables | 40 | €975 | €560 | -€415 | -42.6% |
| Other amounts receivable | 41 | €28,670 | €62,208 | +€33,538 | +117.0% |
| Cash at bank and in hand | 54/58 | €20,948 | €7,746 | -€13,202 | -63.0% |
| Deferred charges and accrued income | 490/1 | €734 | €702 | -€31 | -4.3% |
| Total equity and liabilities | 10/49 | €64,730 | €77,823 | +€13,093 | +20.2% |
| Equity | 10/15 | €44,738 | €44,130 | -€608 | -1.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,738 | €42,130 | -€608 | -1.4% |
| Amounts payable | 17/49 | €19,993 | €33,693 | +€13,701 | +68.5% |
| Amounts payable after more than one year | 17 | €9,457 | €5,050 | -€4,407 | -46.6% |
| Financial debts | 170/4 | €9,457 | €5,050 | -€4,407 | -46.6% |
| Amounts payable within one year | 42/48 | €10,468 | €28,605 | +€18,137 | +173.3% |
| Current portion of amounts payable after more than one year | 42 | €7,501 | €4,407 | -€3,094 | -41.3% |
| Trade debts | 44 | €678 | €16,933 | +€16,254 | +2396.1% |
| Suppliers | 440/4 | €678 | €16,933 | +€16,254 | +2396.1% |
| Advances received on contracts in progress | 46 | - | €5,040 | +€5,040 | |
| Taxes, remuneration and social security | 45 | €2,288 | €2,225 | -€63 | -2.8% |
| Taxes | 450/3 | €2,288 | €2,225 | -€63 | -2.8% |
| Accrued charges and deferred income | 492/3 | €68 | €39 | -€29 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,440 | €12,237 | +€797 | +7.0% |
| Other operating charges | 640/8 | €733 | €909 | +€176 | +24.1% |
| Non-recurring operating charges | 66A | €320 | €237 | -€83 | -25.8% |
| Gross operating margin | 9900 | €15,403 | €12,075 | -€3,328 | -21.6% |
| Operating profit (loss) | 9901 | €2,910 | -€1,309 | -€4,219 | |
| Financial income | 75/76B | €1,436 | €2,944 | +€1,508 | +105.0% |
| Recurring financial income | 75 | €1,436 | €2,944 | +€1,508 | +105.0% |
| Financial charges | 65/66B | €1,687 | €2,246 | +€559 | +33.1% |
| Recurring financial charges | 65 | €1,687 | €2,246 | +€559 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €2,660 | -€611 | -€3,270 | |
| Income taxes | 67/77 | €629 | -€3 | -€632 | |
| Profit (loss) for the period | 9904 | €2,031 | -€608 | -€2,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,031 | -€608 | -€2,638 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.