LT 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.
LT Projects
Largest movements
- Cash +€300,651
up €300,651 (+248.0%), from €121,254 to €421,905
mainly Net result for the year (+€156,417) and Tax, wage and social debts (+€143,960)
- Stocks and contracts +€291,403
up €291,403 (+819.7%), from €35,549 to €326,952
- Receivables within one year -€84,392
down €84,392 (-18.2%), from €464,533 to €380,141
of which Other amounts receivable: -€80,708
- Tangible fixed assets -€14,649
down €14,649 (-42.7%), from €34,311 to €19,662
of which Furniture and vehicles: -€14,519
- Tax, wage and social debts +€143,960
up €143,960 (+24609.3%), from €585 to €144,545
of which Taxes: +€141,610
- Trade debts +€102,685
up €102,685 (+1542.0%), from €6,659 to €109,344
- Profit (loss) carried forward +€78,962
up €78,962, from -€78,962 to €0
- Reserves +€77,455
up €77,455 (+11.3%), from €682,565 to €760,020
of which Tax-exempt reserves: +€71,570
- Current portion of long-term debt +€75,000
new in 2025: €75,000
- Gross operating margin +€290,127
up €290,127, from -€54,392 to €235,735
- Taxes +€26,032
up €26,032 (+4450.0%), from €585 to €26,617
- Financial charges +€21,286
up €21,286 (+144.2%), from €14,764 to €36,050
- Other operating charges +€5,529
up €5,529 (+415.1%), from €1,332 to €6,861
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 | €655,896 | €1,155,820 | +€499,923 | +76.2% |
| Fixed assets | 21/28 | €34,561 | €19,912 | -€14,649 | -42.4% |
| Tangible fixed assets | 22/27 | €34,311 | €19,662 | -€14,649 | -42.7% |
| Plant, machinery and equipment | 23 | €931 | €802 | -€130 | -14.0% |
| Furniture and vehicles | 24 | €33,379 | €18,861 | -€14,519 | -43.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €621,336 | €1,135,908 | +€514,572 | +82.8% |
| Stocks and contracts in progress | 3 | €35,549 | €326,952 | +€291,403 | +819.7% |
| Contracts in progress | 37 | €35,549 | €326,952 | +€291,403 | +819.7% |
| Amounts receivable within one year | 40/41 | €464,533 | €380,141 | -€84,392 | -18.2% |
| Trade receivables | 40 | €3,684 | €0 | -€3,684 | -100.0% |
| Other amounts receivable | 41 | €460,849 | €380,141 | -€80,708 | -17.5% |
| Cash at bank and in hand | 54/58 | €121,254 | €421,905 | +€300,651 | +248.0% |
| Deferred charges and accrued income | 490/1 | €0 | €6,910 | +€6,910 | |
| Total equity and liabilities | 10/49 | €655,896 | €1,155,820 | +€499,923 | +76.2% |
| Equity | 10/15 | €628,603 | €785,020 | +€156,417 | +24.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €682,565 | €760,020 | +€77,455 | +11.3% |
| Tax-exempt reserves | 132 | - | €71,570 | +€71,570 | |
| Distributable reserves | 133 | €682,565 | €688,450 | +€5,885 | +0.9% |
| Profit (loss) carried forward | 14 | -€78,962 | €0 | +€78,962 | |
| Amounts payable | 17/49 | €27,293 | €370,800 | +€343,507 | +1258.6% |
| Amounts payable within one year | 42/48 | €27,293 | €370,800 | +€343,507 | +1258.6% |
| Current portion of amounts payable after more than one year | 42 | - | €75,000 | +€75,000 | |
| Financial debts | 43 | - | €24,872 | +€24,872 | |
| Credit institutions | 430/8 | - | €24,872 | +€24,872 | |
| Trade debts | 44 | €6,659 | €109,344 | +€102,685 | +1542.0% |
| Suppliers | 440/4 | €6,659 | €109,344 | +€102,685 | +1542.0% |
| Taxes, remuneration and social security | 45 | €585 | €144,545 | +€143,960 | +24609.3% |
| Taxes | 450/3 | €585 | €142,195 | +€141,610 | +24207.6% |
| Remuneration and social security | 454/9 | €0 | €2,350 | +€2,350 | |
| Other amounts payable | 47/48 | €20,049 | €17,039 | -€3,010 | -15.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,268 | €14,649 | +€380 | +2.7% |
| Other operating charges | 640/8 | €1,332 | €6,861 | +€5,529 | +415.1% |
| Gross operating margin | 9900 | -€54,392 | €235,735 | +€290,127 | |
| Operating profit (loss) | 9901 | -€69,992 | €214,225 | +€284,217 | |
| Financial income | 75/76B | €4,798 | €4,859 | +€61 | +1.3% |
| Recurring financial income | 75 | €4,798 | €4,859 | +€61 | +1.3% |
| Financial charges | 65/66B | €14,764 | €36,050 | +€21,286 | +144.2% |
| Recurring financial charges | 65 | €14,764 | €36,050 | +€21,286 | +144.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,958 | €183,033 | +€262,991 | |
| Income taxes | 67/77 | €585 | €26,617 | +€26,032 | +4450.0% |
| Profit (loss) for the period | 9904 | -€80,543 | €156,417 | +€236,959 | |
| Transfer to tax-exempt reserves | 689 | - | €71,570 | +€71,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,543 | €84,847 | +€165,389 |
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 10 October 2026 via checked.be.