LR CONCEPT: what changed
What changed
LR CONCEPT
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€12,434
2024 · €20,157-€7,723
Equity
€35,899
2024 · €24,298+€11,601
Cash
€20,147
2024 · €19,498+€649
Balance sheet total
€70,355
2024 · €38,472+€31,884
Largest movements
Assets
- Tangible fixed assets +€35,931
up €35,931 (+636%), from €5,646 to €41,577
of which Land and buildings: +€24,023
- Receivables within one year -€4,696
down €4,696 (-35.2%), from €13,327 to €8,631
of which Trade receivables: -€4,957
Equity and liabilities
- Profit (loss) carried forward +€11,601
up €11,601 (+60.1%), from €19,298 to €30,899
- Debts after one year +€6,470
new in 2025: €6,470
- Tax, wage and social debts +€5,376
up €5,376 (+501%), from €1,073 to €6,449
of which Taxes: +€5,099
- Other debts +€5,073
up €5,073 (+100%), from €5,062 to €10,135
- Current portion of long-term debt +€3,030
new in 2025: €3,030
Income statement
- Depreciation +€3,391
up €3,391 (+184%), from €1,841 to €5,232
- Other operating charges +€3,222
up €3,222 (+2,624%), from €123 to €3,345
- Gross operating margin -€2,437
down €2,437 (-7.5%), from €32,701 to €30,265
- Taxes -€1,602
down €1,602 (-31.2%), from €5,141 to €3,539
- Staff costs +€1,315
up €1,315 (+31.4%), from €4,185 to €5,500
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,157
Gross operating margin
-€2,437
Staff costs
-€1,315
Depreciation
-€3,391
Write-downs
+€1,080
Other operating charges
-€3,222
Financial income
+€7
Financial charges
-€48
Taxes
+€1,602
Result 2025
€12,434
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€33,145
Investment
-€41,163
Financing
+€8,667
Cash 2024
€19,498
From operations (derived)
+€33,145
Net result for the year
+€12,434
Depreciation
+€5,232
Receivables within one year
+€4,696
Trade debts
+€334
Tax, wage and social debts
+€5,376
Other debts
+€5,073
Investment (derived)
-€41,163
Investment in fixed assets (net)
-€41,163
Financing
+€8,667
Debts after one year
+€6,470
Current portion of long-term debt
+€3,030
Contributions, distributions and other
-€833
Cash 2025
€20,147
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,472 | €70,355 | +€31,884 | +82.9% |
| Fixed assets | 21/28 | €5,646 | €41,577 | +€35,931 | +636% |
| Tangible fixed assets | 22/27 | €5,646 | €41,577 | +€35,931 | +636% |
| Land and buildings | 22 | - | €24,023 | +€24,023 | |
| Plant, machinery and equipment | 23 | €3,984 | €2,322 | -€1,663 | -41.7% |
| Furniture and vehicles | 24 | €1,662 | €15,233 | +€13,571 | +816% |
| Current assets | 29/58 | €32,825 | €28,778 | -€4,047 | -12.3% |
| Amounts receivable within one year | 40/41 | €13,327 | €8,631 | -€4,696 | -35.2% |
| Trade receivables | 40 | €13,327 | €8,370 | -€4,957 | -37.2% |
| Other amounts receivable | 41 | - | €261 | +€261 | |
| Cash at bank and in hand | 54/58 | €19,498 | €20,147 | +€649 | +3.3% |
| Total equity and liabilities | 10/49 | €38,472 | €70,355 | +€31,884 | +82.9% |
| Equity | 10/15 | €24,298 | €35,899 | +€11,601 | +47.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,298 | €30,899 | +€11,601 | +60.1% |
| Amounts payable | 17/49 | €14,174 | €34,456 | +€20,283 | +143% |
| Amounts payable after more than one year | 17 | - | €6,470 | +€6,470 | |
| Financial debts | 170/4 | - | €6,470 | +€6,470 | |
| Amounts payable within one year | 42/48 | €14,174 | €27,987 | +€13,813 | +97.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,030 | +€3,030 | |
| Trade debts | 44 | €8,038 | €8,372 | +€334 | +4.1% |
| Suppliers | 440/4 | €8,038 | €8,372 | +€334 | +4.1% |
| Taxes, remuneration and social security | 45 | €1,073 | €6,449 | +€5,376 | +501% |
| Taxes | 450/3 | €236 | €5,335 | +€5,099 | +2,158% |
| Remuneration and social security | 454/9 | €837 | €1,114 | +€277 | +33.1% |
| Other amounts payable | 47/48 | €5,062 | €10,135 | +€5,073 | +100% |
| Remuneration, social security and pensions | 62 | €4,185 | €5,500 | +€1,315 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,841 | €5,232 | +€3,391 | +184% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,080 | - | -€1,080 | |
| Other operating charges | 640/8 | €123 | €3,345 | +€3,222 | +2,624% |
| Gross operating margin | 9900 | €32,701 | €30,265 | -€2,437 | -7.5% |
| Operating profit (loss) | 9901 | €25,472 | €16,188 | -€9,285 | -36.4% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €174 | €222 | +€48 | +27.6% |
| Recurring financial charges | 65 | €174 | €222 | +€48 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €25,298 | €15,973 | -€9,326 | -36.9% |
| Income taxes | 67/77 | €5,141 | €3,539 | -€1,602 | -31.2% |
| Profit (loss) for the period | 9904 | €20,157 | €12,434 | -€7,723 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,157 | €12,434 | -€7,723 | -38.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.