L.T. TRANS: 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. TRANS
Largest movements
- Receivables within one year +€29,085
up €29,085 (+87.8%), from €33,137 to €62,223
of which Other amounts receivable: +€35,381
- Cash -€11,063
down €11,063 (-60.4%), from €18,329 to €7,265
mainly Receivables within one year (-€29,085) and Debts after one year (-€12,420)
- Tangible fixed assets -€10,413
down €10,413 (-24.5%), from €42,415 to €32,002
- Reserves +€21,789
up €21,789 (+141%), from €15,444 to €37,234
- Debts after one year -€12,420
down €12,420 (-46.2%), from €26,909 to €14,490
- Tax, wage and social debts +€5,883
up €5,883 (+43.3%), from €13,596 to €19,479
- Other debts -€5,574
down €5,574 (-87.0%), from €6,407 to €833
- Trade debts -€2,041
down €2,041 (-14.3%), from €14,285 to €12,243
- Other operating charges -€8,155
down €8,155 (-72.4%), from €11,266 to €3,110
- Taxes +€1,915
up €1,915 (+37.3%), from €5,128 to €7,042
- Depreciation +€1,718
up €1,718 (+19.8%), from €8,695 to €10,413
- Financial charges -€936
down €936 (-28.1%), from €3,327 to €2,391
- Gross operating margin +€886
up €886 (+2.0%), from €44,693 to €45,579
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 | €94,061 | €101,698 | +€7,637 | +8.1% |
| Fixed assets | 21/28 | €42,550 | €32,137 | -€10,413 | -24.5% |
| Tangible fixed assets | 22/27 | €42,415 | €32,002 | -€10,413 | -24.5% |
| Furniture and vehicles | 24 | €42,415 | €32,002 | -€10,413 | -24.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €51,511 | €69,561 | +€18,050 | +35.0% |
| Amounts receivable within one year | 40/41 | €33,137 | €62,223 | +€29,085 | +87.8% |
| Trade receivables | 40 | €33,137 | €26,842 | -€6,296 | -19.0% |
| Other amounts receivable | 41 | - | €35,381 | +€35,381 | |
| Cash at bank and in hand | 54/58 | €18,329 | €7,265 | -€11,063 | -60.4% |
| Deferred charges and accrued income | 490/1 | €45 | €73 | +€28 | +63.1% |
| Total equity and liabilities | 10/49 | €94,061 | €101,698 | +€7,637 | +8.1% |
| Equity | 10/15 | €20,444 | €42,234 | +€21,789 | +107% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,444 | €37,234 | +€21,789 | +141% |
| Distributable reserves | 133 | €15,444 | €37,234 | +€21,789 | +141% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,617 | €59,464 | -€14,152 | -19.2% |
| Amounts payable after more than one year | 17 | €26,909 | €14,490 | -€12,420 | -46.2% |
| Financial debts | 170/4 | €26,909 | €14,490 | -€12,420 | -46.2% |
| Amounts payable within one year | 42/48 | €46,707 | €44,975 | -€1,732 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €12,420 | €12,420 | = | 0.0% |
| Trade debts | 44 | €14,285 | €12,243 | -€2,041 | -14.3% |
| Suppliers | 440/4 | €14,285 | €12,243 | -€2,041 | -14.3% |
| Taxes, remuneration and social security | 45 | €13,596 | €19,479 | +€5,883 | +43.3% |
| Taxes | 450/3 | €13,596 | €19,479 | +€5,883 | +43.3% |
| Other amounts payable | 47/48 | €6,407 | €833 | -€5,574 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,695 | €10,413 | +€1,718 | +19.8% |
| Other operating charges | 640/8 | €11,266 | €3,110 | -€8,155 | -72.4% |
| Gross operating margin | 9900 | €44,693 | €45,579 | +€886 | +2.0% |
| Operating profit (loss) | 9901 | €24,732 | €32,056 | +€7,323 | +29.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,327 | €2,391 | -€936 | -28.1% |
| Recurring financial charges | 65 | €3,327 | €2,391 | -€936 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €21,405 | €29,665 | +€8,260 | +38.6% |
| Income taxes | 67/77 | €5,128 | €7,042 | +€1,915 | +37.3% |
| Profit (loss) for the period | 9904 | €16,277 | €22,622 | +€6,345 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,277 | €22,622 | +€6,345 | +39.0% |
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 29 October 2026 via checked.be.