L.E. CONSTRUCT: 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.
L.E. CONSTRUCT
Largest movements
- Receivables within one year +€99,341
up €99,341 (+82.1%), from €120,985 to €220,326
of which Trade receivables: +€109,215
- Cash -€6,394
down €6,394 (-26.1%), from €24,531 to €18,137
mainly Receivables within one year (-€99,341) and Accrued charges and deferred income (-€26,950)
- Tangible fixed assets -€2,486
down €2,486 (-48.9%), from €5,083 to €2,597
of which Furniture and vehicles: -€2,040
- Trade debts +€80,155
up €80,155 (+188%), from €42,725 to €122,880
- Accrued charges and deferred income -€26,950
down €26,950 (-99.5%), from €27,079 to €129
- Tax, wage and social debts +€21,551
up €21,551 (+56.0%), from €38,459 to €60,009
of which Taxes: +€11,120
- Reserves +€15,462
up €15,462 (+418%), from €3,697 to €19,159
- Gross operating margin +€47,713
up €47,713 (+64.6%), from €73,872 to €121,585
- Staff costs +€27,875
up €27,875 (+119%), from €23,414 to €51,289
- Other operating charges +€5,112
up €5,112 (+380%), from €1,344 to €6,456
- Financial charges -€4,840
down €4,840 (-17.8%), from €27,143 to €22,303
- Write-downs -€3,945
down €3,945 (-487%), from -€810 to -€4,755
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 | €153,633 | €243,850 | +€90,217 | +58.7% |
| Fixed assets | 21/28 | €5,083 | €2,597 | -€2,486 | -48.9% |
| Tangible fixed assets | 22/27 | €5,083 | €2,597 | -€2,486 | -48.9% |
| Plant, machinery and equipment | 23 | €1,694 | €1,248 | -€446 | -26.3% |
| Furniture and vehicles | 24 | €3,389 | €1,349 | -€2,040 | -60.2% |
| Current assets | 29/58 | €148,550 | €241,253 | +€92,703 | +62.4% |
| Amounts receivable within one year | 40/41 | €120,985 | €220,326 | +€99,341 | +82.1% |
| Trade receivables | 40 | €79,328 | €188,543 | +€109,215 | +138% |
| Other amounts receivable | 41 | €41,656 | €31,783 | -€9,874 | -23.7% |
| Cash at bank and in hand | 54/58 | €24,531 | €18,137 | -€6,394 | -26.1% |
| Deferred charges and accrued income | 490/1 | €3,034 | €2,790 | -€244 | -8.0% |
| Total equity and liabilities | 10/49 | €153,633 | €243,850 | +€90,217 | +58.7% |
| Equity | 10/15 | €45,370 | €60,832 | +€15,462 | +34.1% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Contributions outside capital | 11 | €18,400 | €18,400 | = | 0.0% |
| Other | 1109/19 | €18,400 | €18,400 | = | 0.0% |
| Reserves | 13 | €3,697 | €19,159 | +€15,462 | +418% |
| Distributable reserves | 133 | €3,697 | €19,159 | +€15,462 | +418% |
| Profit (loss) carried forward | 14 | €23,273 | €23,273 | = | 0.0% |
| Amounts payable | 17/49 | €108,263 | €183,018 | +€74,755 | +69.0% |
| Amounts payable within one year | 42/48 | €81,184 | €182,889 | +€101,705 | +125% |
| Trade debts | 44 | €42,725 | €122,880 | +€80,155 | +188% |
| Suppliers | 440/4 | €42,725 | €122,880 | +€80,155 | +188% |
| Taxes, remuneration and social security | 45 | €38,459 | €60,009 | +€21,551 | +56.0% |
| Taxes | 450/3 | €12,281 | €23,401 | +€11,120 | +90.6% |
| Remuneration and social security | 454/9 | €26,178 | €36,608 | +€10,430 | +39.8% |
| Accrued charges and deferred income | 492/3 | €27,079 | €129 | -€26,950 | -99.5% |
| Non-recurring operating income | 76A | €12,504 | €12,504 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €23,414 | €51,289 | +€27,875 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,020 | €2,486 | -€535 | -17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€810 | -€4,755 | -€3,945 | -487% |
| Other operating charges | 640/8 | €1,344 | €6,456 | +€5,112 | +380% |
| Gross operating margin | 9900 | €73,872 | €121,585 | +€47,713 | +64.6% |
| Operating profit (loss) | 9901 | €46,904 | €66,110 | +€19,206 | +40.9% |
| Financial income | 75/76B | €1 | €86 | +€85 | +10,608% |
| Recurring financial income | 75 | €1 | €86 | +€85 | +10,608% |
| Financial charges | 65/66B | €27,143 | €22,303 | -€4,840 | -17.8% |
| Recurring financial charges | 65 | €27,143 | €22,303 | -€4,840 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €19,762 | €43,893 | +€24,131 | +122% |
| Income taxes | 67/77 | €28,471 | €28,431 | -€40 | -0.1% |
| Profit (loss) for the period | 9904 | -€8,709 | €15,462 | +€24,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,709 | €15,462 | +€24,171 |
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 19 October 2026 via checked.be.