L.T.C. SERVICES: 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.T.C. SERVICES
Largest movements
- Receivables within one year +€41,804
up €41,804 (+232%), from €17,983 to €59,787
of which Trade receivables: +€41,254
- Cash -€11,242
down €11,242 (-51.0%), from €22,064 to €10,822
mainly Receivables within one year (-€41,804) and Investment in fixed assets (net) (-€9,867)
- Tangible fixed assets +€2,898
up €2,898 (+35.2%), from €8,238 to €11,136
of which Plant, machinery and equipment: +€3,364
- Profit (loss) carried forward +€24,428
up €24,428 (+106%), from €23,048 to €47,476
- Trade debts +€8,756
up €8,756 (+125%), from €7,002 to €15,758
of which Suppliers: +€7,465
- Current portion of long-term debt -€5,391
down €5,391 (-100%), from €5,391 to €0
- Tax, wage and social debts +€4,432
up €4,432 (+50.9%), from €8,712 to €13,144
of which Taxes: +€2,332
- Debts after one year +€969
new in 2025: €969
- Turnover +€40,059
up €40,059 (+16.1%), from €249,056 to €289,115
- Purchases and services +€32,699
up €32,699 (+15.2%), from €214,679 to €247,378
- Gross operating margin +€7,360
up €7,360 (+21.4%), from €34,377 to €41,737
- Depreciation +€3,396
up €3,396 (+95.1%), from €3,573 to €6,969
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 | €48,285 | €82,339 | +€34,054 | +70.5% |
| Fixed assets | 21/28 | €8,238 | €11,136 | +€2,898 | +35.2% |
| Tangible fixed assets | 22/27 | €8,238 | €11,136 | +€2,898 | +35.2% |
| Plant, machinery and equipment | 23 | - | €3,364 | +€3,364 | |
| Furniture and vehicles | 24 | €8,238 | €7,772 | -€466 | -5.7% |
| Current assets | 29/58 | €40,047 | €71,203 | +€31,156 | +77.8% |
| Amounts receivable within one year | 40/41 | €17,983 | €59,787 | +€41,804 | +232% |
| Trade receivables | 40 | €16,916 | €58,170 | +€41,254 | +244% |
| Other amounts receivable | 41 | €1,067 | €1,618 | +€551 | +51.6% |
| Cash at bank and in hand | 54/58 | €22,064 | €10,822 | -€11,242 | -51.0% |
| Deferred charges and accrued income | 490/1 | - | €594 | +€594 | |
| Total equity and liabilities | 10/49 | €48,285 | €82,339 | +€34,054 | +70.5% |
| Equity | 10/15 | €27,048 | €51,476 | +€24,428 | +90.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,048 | €47,476 | +€24,428 | +106% |
| Amounts payable | 17/49 | €21,237 | €30,863 | +€9,626 | +45.3% |
| Amounts payable after more than one year | 17 | - | €969 | +€969 | |
| Financial debts | 170/4 | - | €969 | +€969 | |
| Amounts payable within one year | 42/48 | €21,237 | €29,894 | +€8,657 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €5,391 | €0 | -€5,391 | -100% |
| Trade debts | 44 | €7,002 | €15,758 | +€8,756 | +125% |
| Suppliers | 440/4 | €6,682 | €14,147 | +€7,465 | +112% |
| Bills of exchange payable | 441 | €320 | €1,610 | +€1,291 | +404% |
| Taxes, remuneration and social security | 45 | €8,712 | €13,144 | +€4,432 | +50.9% |
| Taxes | 450/3 | €5,812 | €8,144 | +€2,332 | +40.1% |
| Remuneration and social security | 454/9 | €2,900 | €5,000 | +€2,100 | +72.4% |
| Other amounts payable | 47/48 | €132 | €992 | +€860 | +651% |
| Turnover | 70 | €249,056 | €289,115 | +€40,059 | +16.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €214,679 | €247,378 | +€32,699 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,573 | €6,969 | +€3,396 | +95.1% |
| Other operating charges | 640/8 | €285 | €1,032 | +€747 | +262% |
| Gross operating margin | 9900 | €34,377 | €41,737 | +€7,360 | +21.4% |
| Operating profit (loss) | 9901 | €30,519 | €33,735 | +€3,216 | +10.5% |
| Financial income | 75/76B | €300 | €45 | -€255 | -85.0% |
| Recurring financial income | 75 | €300 | €45 | -€255 | -85.0% |
| Financial charges | 65/66B | €1,960 | €3,020 | +€1,061 | +54.1% |
| Recurring financial charges | 65 | €1,960 | €3,020 | +€1,061 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €28,860 | €30,760 | +€1,900 | +6.6% |
| Income taxes | 67/77 | €5,812 | €6,332 | +€520 | +8.9% |
| Profit (loss) for the period | 9904 | €23,048 | €24,428 | +€1,380 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,048 | €24,428 | +€1,380 | +6.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.