L-IT-ore: what changed
Two fiscal 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-IT-ore
Largest movements
- Cash -€35,317
down €35,317 (-20.4%), from €173,314 to €137,997
mainly Other debts (-€70,448) and Current investments (-€20,535)
- Current investments +€20,535
up €20,535 (+20.3%), from €101,000 to €121,535
- Deferred charges and accrued income +€3,024
up €3,024 (+89.7%), from €3,370 to €6,394
- Other debts -€70,448
down €70,448 (-95.3%), from €73,904 to €3,456
- Reserves +€56,381
up €56,381 (+29.1%), from €193,948 to €250,329
of which Distributable reserves: +€56,381
- Gross operating margin -€11,568
down €11,568 (-12.5%), from €92,315 to €80,747
- Taxes +€4,764
up €4,764 (+24.6%), from €19,334 to €24,098
- Financial income +€2,159
up €2,159 (+136.7%), from €1,580 to €3,739
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.
Cash bridge derived
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 | €298,433 | €288,836 | -€9,597 | -3.2% |
| Fixed assets | 21/28 | €8,867 | €9,298 | +€431 | +4.9% |
| Tangible fixed assets | 22/27 | €8,867 | €9,298 | +€431 | +4.9% |
| Plant, machinery and equipment | 23 | €1,025 | €3,246 | +€2,221 | +216.6% |
| Furniture and vehicles | 24 | €3,878 | €2,583 | -€1,294 | -33.4% |
| Other tangible fixed assets | 26 | €3,964 | €3,468 | -€496 | -12.5% |
| Current assets | 29/58 | €289,565 | €279,538 | -€10,027 | -3.5% |
| Amounts receivable within one year | 40/41 | €11,882 | €13,613 | +€1,731 | +14.6% |
| Trade receivables | 40 | €11,798 | €13,613 | +€1,815 | +15.4% |
| Other amounts receivable | 41 | €84 | - | -€84 | |
| Current investments | 50/53 | €101,000 | €121,535 | +€20,535 | +20.3% |
| Cash at bank and in hand | 54/58 | €173,314 | €137,997 | -€35,317 | -20.4% |
| Deferred charges and accrued income | 490/1 | €3,370 | €6,394 | +€3,024 | +89.7% |
| Total equity and liabilities | 10/49 | €298,433 | €288,836 | -€9,597 | -3.2% |
| Equity | 10/15 | €212,548 | €268,929 | +€56,381 | +26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,948 | €250,329 | +€56,381 | +29.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €192,088 | €248,469 | +€56,381 | +29.4% |
| Amounts payable | 17/49 | €85,885 | €19,907 | -€65,977 | -76.8% |
| Amounts payable within one year | 42/48 | €85,885 | €19,907 | -€65,977 | -76.8% |
| Trade debts | 44 | €624 | €2,298 | +€1,674 | +268.4% |
| Suppliers | 440/4 | €624 | €2,298 | +€1,674 | +268.4% |
| Taxes, remuneration and social security | 45 | €11,357 | €14,153 | +€2,796 | +24.6% |
| Taxes | 450/3 | €11,357 | €14,153 | +€2,796 | +24.6% |
| Other amounts payable | 47/48 | €73,904 | €3,456 | -€70,448 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,410 | €2,464 | +€54 | +2.2% |
| Other operating charges | 640/8 | €1,289 | €1,389 | +€99 | +7.7% |
| Gross operating margin | 9900 | €92,315 | €80,747 | -€11,568 | -12.5% |
| Operating profit (loss) | 9901 | €88,616 | €76,895 | -€11,721 | -13.2% |
| Financial income | 75/76B | €1,580 | €3,739 | +€2,159 | +136.7% |
| Recurring financial income | 75 | €1,580 | €3,739 | +€2,159 | +136.7% |
| Financial charges | 65/66B | €92 | €155 | +€63 | +69.1% |
| Recurring financial charges | 65 | €92 | €155 | +€63 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €90,104 | €80,479 | -€9,625 | -10.7% |
| Income taxes | 67/77 | €19,334 | €24,098 | +€4,764 | +24.6% |
| Profit (loss) for the period | 9904 | €70,770 | €56,381 | -€14,389 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,770 | €56,381 | -€14,389 | -20.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.