LJ 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.
LJ Projects
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€31,894
up €31,894 (+68.6%), from €46,481 to €78,374
of which Furniture and vehicles: +€32,771
- Cash -€25,874
down €25,874 (-53.4%), from €48,478 to €22,604
mainly Contributions, distributions and other (-€160,016) and Investment in fixed assets (net) (-€49,874)
- Reserves -€64,700
down €64,700 (-90.7%), from €71,312 to €6,613
- Other debts -€22,994
down €22,994 (-29.2%), from €78,809 to €55,815
- Accrued charges and deferred income -€4,240
no longer reported in 2025 (was €4,240)
- Trade debts -€2,194
down €2,194 (-95.0%), from €2,310 to €116
- Gross operating margin +€6,528
up €6,528 (+4.9%), from €132,253 to €138,781
- Taxes +€2,772
up €2,772 (+11.9%), from €23,240 to €26,012
- Depreciation +€2,263
up €2,263 (+14.4%), from €15,718 to €17,981
- Financial income +€1,645
up €1,645 (+5,666%), from €29 to €1,675
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 | €198,103 | €105,201 | -€92,902 | -46.9% |
| Fixed assets | 21/28 | €46,481 | €78,374 | +€31,894 | +68.6% |
| Tangible fixed assets | 22/27 | €46,481 | €78,374 | +€31,894 | +68.6% |
| Plant, machinery and equipment | 23 | €3,651 | €2,773 | -€877 | -24.0% |
| Furniture and vehicles | 24 | €42,830 | €75,601 | +€32,771 | +76.5% |
| Current assets | 29/58 | €151,623 | €26,827 | -€124,796 | -82.3% |
| Amounts receivable within one year | 40/41 | €1,270 | €3,065 | +€1,795 | +141% |
| Trade receivables | 40 | - | €1,795 | +€1,795 | |
| Other amounts receivable | 41 | €1,270 | €1,270 | = | 0.0% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €48,478 | €22,604 | -€25,874 | -53.4% |
| Deferred charges and accrued income | 490/1 | €1,874 | €1,158 | -€716 | -38.2% |
| Total equity and liabilities | 10/49 | €198,103 | €105,201 | -€92,902 | -46.9% |
| Equity | 10/15 | €89,912 | €25,213 | -€64,700 | -72.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,312 | €6,613 | -€64,700 | -90.7% |
| Distributable reserves | 133 | €71,312 | €6,613 | -€64,700 | -90.7% |
| Amounts payable | 17/49 | €108,191 | €79,988 | -€28,202 | -26.1% |
| Amounts payable within one year | 42/48 | €103,951 | €79,988 | -€23,963 | -23.1% |
| Trade debts | 44 | €2,310 | €116 | -€2,194 | -95.0% |
| Suppliers | 440/4 | €2,310 | €116 | -€2,194 | -95.0% |
| Taxes, remuneration and social security | 45 | €22,832 | €24,057 | +€1,225 | +5.4% |
| Taxes | 450/3 | €22,832 | €24,057 | +€1,225 | +5.4% |
| Other amounts payable | 47/48 | €78,809 | €55,815 | -€22,994 | -29.2% |
| Accrued charges and deferred income | 492/3 | €4,240 | - | -€4,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,718 | €17,981 | +€2,263 | +14.4% |
| Other operating charges | 640/8 | €1,119 | €908 | -€211 | -18.9% |
| Gross operating margin | 9900 | €132,253 | €138,781 | +€6,528 | +4.9% |
| Operating profit (loss) | 9901 | €115,417 | €119,893 | +€4,476 | +3.9% |
| Financial income | 75/76B | €29 | €1,675 | +€1,645 | +5,666% |
| Recurring financial income | 75 | €29 | €1,675 | +€1,645 | +5,666% |
| Financial charges | 65/66B | €195 | €239 | +€44 | +22.7% |
| Recurring financial charges | 65 | €195 | €239 | +€44 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €115,251 | €121,328 | +€6,077 | +5.3% |
| Income taxes | 67/77 | €23,240 | €26,012 | +€2,772 | +11.9% |
| Profit (loss) for the period | 9904 | €92,011 | €95,316 | +€3,305 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,011 | €95,316 | +€3,305 | +3.6% |
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 30 October 2026 via checked.be.