L.B.T.C.: 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.B.T.C.
Largest movements
- Tangible fixed assets -€21,970
down €21,970 (-9.7%), from €226,206 to €204,236
of which Land and buildings: -€19,025
- Profit (loss) carried forward -€25,047
down €25,047 (-5.4%), from -€464,086 to -€489,134
- Other debts +€11,950
up €11,950 (+1.5%), from €809,714 to €821,664
- Trade debts -€6,791
down €6,791 (-55.4%), from €12,269 to €5,478
- Depreciation -€25,143
down €25,143 (-53.4%), from €47,113 to €21,970
- Turnover -€20,437
down €20,437 (-85.4%), from €23,941 to €3,504
- Gross operating margin -€20,367
down €20,367, from €19,308 to -€1,059
- Other operating charges +€1,089
up €1,089 (+1,713%), from €64 to €1,152
- Purchases and services +€376
up €376 (+3.0%), from €12,582 to €12,958
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 | €404,896 | €385,008 | -€19,888 | -4.9% |
| Fixed assets | 21/28 | €226,206 | €204,236 | -€21,970 | -9.7% |
| Tangible fixed assets | 22/27 | €226,206 | €204,236 | -€21,970 | -9.7% |
| Land and buildings | 22 | €221,210 | €202,184 | -€19,025 | -8.6% |
| Plant, machinery and equipment | 23 | €2,983 | €2,052 | -€931 | -31.2% |
| Furniture and vehicles | 24 | €2,014 | €0 | -€2,014 | -100% |
| Current assets | 29/58 | €178,690 | €180,771 | +€2,081 | +1.2% |
| Amounts receivable within one year | 40/41 | €178,636 | €180,263 | +€1,627 | +0.9% |
| Trade receivables | 40 | €15,837 | €11,956 | -€3,880 | -24.5% |
| Other amounts receivable | 41 | €162,800 | €168,307 | +€5,507 | +3.4% |
| Cash at bank and in hand | 54/58 | €4 | €409 | +€405 | +10,238% |
| Deferred charges and accrued income | 490/1 | €50 | €99 | +€49 | +99.1% |
| Total equity and liabilities | 10/49 | €404,896 | €385,008 | -€19,888 | -4.9% |
| Equity | 10/15 | -€417,086 | -€442,134 | -€25,047 | -6.0% |
| Contributions | 10/11 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€464,086 | -€489,134 | -€25,047 | -5.4% |
| Amounts payable | 17/49 | €821,982 | €827,141 | +€5,159 | +0.6% |
| Amounts payable within one year | 42/48 | €821,982 | €827,141 | +€5,159 | +0.6% |
| Trade debts | 44 | €12,269 | €5,478 | -€6,791 | -55.4% |
| Suppliers | 440/4 | €12,269 | €5,478 | -€6,791 | -55.4% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €809,714 | €821,664 | +€11,950 | +1.5% |
| Turnover | 70 | €23,941 | €3,504 | -€20,437 | -85.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,582 | €12,958 | +€376 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,113 | €21,970 | -€25,143 | -53.4% |
| Other operating charges | 640/8 | €64 | €1,152 | +€1,089 | +1,713% |
| Non-recurring operating charges | 66A | €1,051 | - | -€1,051 | |
| Gross operating margin | 9900 | €19,308 | -€1,059 | -€20,367 | |
| Operating profit (loss) | 9901 | -€28,919 | -€24,181 | +€4,738 | +16.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €280 | €216 | -€64 | -22.7% |
| Recurring financial charges | 65 | €280 | €216 | -€64 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,199 | -€24,397 | +€4,802 | +16.4% |
| Profit (loss) for the period | 9904 | -€29,199 | -€24,397 | +€4,802 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,199 | -€24,397 | +€4,802 | +16.4% |
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 28 October 2026 via checked.be.