L.T.B.: 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.T.B.
Largest movements
- Receivables within one year -€13,227
down €13,227 (-52.4%), from €25,236 to €12,009
of which Trade receivables: -€10,880
- Cash -€8,375
down €8,375 (-61.0%), from €13,720 to €5,345
mainly Net result for the year (-€22,235)
- Profit (loss) carried forward -€22,235
down €22,235 (-6.7%), from -€331,458 to -€353,694
- Gross operating margin -€20,812
down €20,812, from €1,865 to -€18,948
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 | €439,290 | €417,688 | -€21,602 | -4.9% |
| Fixed assets | 21/28 | €400,334 | €400,334 | = | 0.0% |
| Tangible fixed assets | 22/27 | €400,334 | €400,334 | = | 0.0% |
| Land and buildings | 22 | €400,334 | €400,334 | = | 0.0% |
| Current assets | 29/58 | €38,956 | €17,354 | -€21,602 | -55.5% |
| Amounts receivable within one year | 40/41 | €25,236 | €12,009 | -€13,227 | -52.4% |
| Trade receivables | 40 | €22,073 | €11,192 | -€10,880 | -49.3% |
| Other amounts receivable | 41 | €3,163 | €817 | -€2,347 | -74.2% |
| Cash at bank and in hand | 54/58 | €13,720 | €5,345 | -€8,375 | -61.0% |
| Total equity and liabilities | 10/49 | €439,290 | €417,688 | -€21,602 | -4.9% |
| Equity | 10/15 | €230,615 | €208,380 | -€22,235 | -9.6% |
| Contributions | 10/11 | €553,026 | €553,026 | = | 0.0% |
| Capital | 10 | €553,026 | €553,026 | = | 0.0% |
| Issued capital | 100 | €553,026 | €553,026 | = | 0.0% |
| Reserves | 13 | €9,048 | €9,048 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,569 | €6,569 | = | 0.0% |
| Legal reserve | 130 | €6,569 | €6,569 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€331,458 | -€353,694 | -€22,235 | -6.7% |
| Amounts payable | 17/49 | €208,675 | €209,308 | +€633 | +0.3% |
| Amounts payable within one year | 42/48 | €208,675 | €209,308 | +€633 | +0.3% |
| Trade debts | 44 | €2,908 | €3,163 | +€255 | +8.8% |
| Suppliers | 440/4 | €2,908 | €3,163 | +€255 | +8.8% |
| Other amounts payable | 47/48 | €205,767 | €206,145 | +€378 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | - | -€56 | |
| Other operating charges | 640/8 | €3,163 | €3,257 | +€95 | +3.0% |
| Gross operating margin | 9900 | €1,865 | -€18,948 | -€20,812 | |
| Operating profit (loss) | 9901 | -€1,355 | -€22,205 | -€20,850 | -1539.0% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,385 | -€22,235 | -€20,850 | -1505.7% |
| Profit (loss) for the period | 9904 | -€1,385 | -€22,235 | -€20,850 | -1505.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,385 | -€22,235 | -€20,850 | -1505.7% |
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 8 October 2026 via checked.be.