LE-ALLPROJECTS: 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.
LE-ALLPROJECTS
Largest movements
- Receivables within one year +€109,926
up €109,926 (+35.8%), from €307,137 to €417,063
of which Trade receivables: +€55,475
- Tangible fixed assets -€100,888
down €100,888 (-32.6%), from €309,578 to €208,690
of which Land and buildings: -€107,416
- Stocks and contracts -€22,817
down €22,817 (-17.7%), from €129,024 to €106,208
of which Contracts in progress: -€22,817
- Cash -€16,744
down €16,744 (-48.3%), from €34,688 to €17,943
mainly Receivables within one year (-€109,926) and Debts after one year (-€97,011)
- Deferred charges and accrued income +€7,953
up €7,953 (+320%), from €2,485 to €10,438
- Debts after one year -€97,011
down €97,011 (-49.7%), from €195,010 to €97,999
- Profit (loss) carried forward +€50,607
up €50,607 (+318%), from €15,907 to €66,514
- Tax, wage and social debts +€26,106
up €26,106 (+69.1%), from €37,802 to €63,908
- Gross operating margin +€61,083
up €61,083 (+38.7%), from €158,031 to €219,114
- Taxes -€11,514
down €11,514 (-30.7%), from €37,514 to €26,000
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.
Derived cash bridge
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 | €782,912 | €760,342 | -€22,570 | -2.9% |
| Fixed assets | 21/28 | €309,578 | €208,690 | -€100,888 | -32.6% |
| Tangible fixed assets | 22/27 | €309,578 | €208,690 | -€100,888 | -32.6% |
| Land and buildings | 22 | €234,418 | €127,002 | -€107,416 | -45.8% |
| Plant, machinery and equipment | 23 | €1,285 | €1,161 | -€124 | -9.7% |
| Furniture and vehicles | 24 | €73,875 | €80,527 | +€6,652 | +9.0% |
| Current assets | 29/58 | €473,334 | €551,652 | +€78,318 | +16.5% |
| Stocks and contracts in progress | 3 | €129,024 | €106,208 | -€22,817 | -17.7% |
| Stocks | 30/36 | €20,000 | €20,000 | = | 0.0% |
| Contracts in progress | 37 | €109,024 | €86,208 | -€22,817 | -20.9% |
| Amounts receivable within one year | 40/41 | €307,137 | €417,063 | +€109,926 | +35.8% |
| Trade receivables | 40 | €100,756 | €156,231 | +€55,475 | +55.1% |
| Other amounts receivable | 41 | €206,381 | €260,832 | +€54,451 | +26.4% |
| Cash at bank and in hand | 54/58 | €34,688 | €17,943 | -€16,744 | -48.3% |
| Deferred charges and accrued income | 490/1 | €2,485 | €10,438 | +€7,953 | +320% |
| Total equity and liabilities | 10/49 | €782,912 | €760,342 | -€22,570 | -2.9% |
| Equity | 10/15 | €236,643 | €287,250 | +€50,607 | +21.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €202,144 | €202,144 | = | 0.0% |
| Tax-exempt reserves | 132 | €285 | €285 | = | 0.0% |
| Distributable reserves | 133 | €201,859 | €201,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,907 | €66,514 | +€50,607 | +318% |
| Amounts payable | 17/49 | €546,269 | €473,092 | -€73,177 | -13.4% |
| Amounts payable after more than one year | 17 | €195,010 | €97,999 | -€97,011 | -49.7% |
| Financial debts | 170/4 | €195,010 | €97,999 | -€97,011 | -49.7% |
| Amounts payable within one year | 42/48 | €351,259 | €375,093 | +€23,834 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €18,339 | €13,190 | -€5,149 | -28.1% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €289,728 | €291,693 | +€1,964 | +0.7% |
| Suppliers | 440/4 | €289,728 | €291,693 | +€1,964 | +0.7% |
| Taxes, remuneration and social security | 45 | €37,802 | €63,908 | +€26,106 | +69.1% |
| Taxes | 450/3 | €37,802 | €63,908 | +€26,106 | +69.1% |
| Other amounts payable | 47/48 | €391 | €1,303 | +€912 | +233% |
| Non-recurring operating income | 76A | - | €149,000 | +€149,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,982 | €28,106 | -€876 | -3.0% |
| Other operating charges | 640/8 | €8,085 | €6,779 | -€1,307 | -16.2% |
| Non-recurring operating charges | 66A | - | €101,961 | +€101,961 | |
| Gross operating margin | 9900 | €158,031 | €219,114 | +€61,083 | +38.7% |
| Operating profit (loss) | 9901 | €120,963 | €82,268 | -€38,695 | -32.0% |
| Financial income | 75/76B | €5 | €213 | +€208 | +4,321% |
| Recurring financial income | 75 | €5 | €213 | +€208 | +4,321% |
| Non-recurring financial income | 76B | €5 | €213 | +€208 | +4,321% |
| Financial charges | 65/66B | €5,391 | €5,875 | +€483 | +9.0% |
| Recurring financial charges | 65 | €3,524 | €4,787 | +€1,263 | +35.8% |
| Non-recurring financial charges | 66B | €1,867 | €1,088 | -€780 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €115,577 | €76,607 | -€38,970 | -33.7% |
| Income taxes | 67/77 | €37,514 | €26,000 | -€11,514 | -30.7% |
| Profit (loss) for the period | 9904 | €78,063 | €50,607 | -€27,456 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €78,063 | €50,607 | -€27,456 | -35.2% |
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 29 October 2026 via checked.be.