L.TAS & 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.TAS & C°
Largest movements
- Receivables within one year -€987,063
down €987,063 (-57.3%), from €1.7m to €734,103
of which Trade receivables: -€990,694
- Cash +€255,761
up €255,761 (+33.9%), from €754,115 to €1.0m
mainly Receivables within one year (+€987,063) and Net result for the year (+€323,601)
- Receivables after one year -€29,527
down €29,527 (-27.5%), from €107,335 to €77,808
- Trade debts -€471,691
down €471,691 (-76.0%), from €620,479 to €148,788
- Advances received -€434,545
down €434,545 (-93.9%), from €462,730 to €28,186
- Reserves +€323,601
up €323,601 (+31.1%), from €1.0m to €1.4m
of which Distributable reserves: +€323,601
- Tax, wage and social debts -€150,323
down €150,323 (-54.1%), from €277,950 to €127,626
of which Taxes: -€162,091
- Gross operating margin +€97,810
up €97,810 (+16.3%), from €599,639 to €697,448
- Staff costs +€27,666
up €27,666 (+15.0%), from €184,733 to €212,399
- Taxes +€19,395
up €19,395 (+14.6%), from €133,049 to €152,444
- Depreciation -€7,548
down €7,548 (-26.5%), from €28,473 to €20,926
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 | €2,852,027 | €2,116,268 | -€735,759 | -25.8% |
| Fixed assets | 21/28 | €61,086 | €52,403 | -€8,683 | -14.2% |
| Tangible fixed assets | 22/27 | €60,250 | €52,403 | -€7,847 | -13.0% |
| Land and buildings | 22 | - | €1,973 | +€1,973 | |
| Plant, machinery and equipment | 23 | €8,960 | €7,887 | -€1,073 | -12.0% |
| Furniture and vehicles | 24 | €51,290 | €42,543 | -€8,747 | -17.1% |
| Financial fixed assets | 28 | €836 | €0 | -€836 | -100% |
| Current assets | 29/58 | €2,790,941 | €2,063,865 | -€727,076 | -26.1% |
| Amounts receivable after more than one year | 29 | €107,335 | €77,808 | -€29,527 | -27.5% |
| Other amounts receivable | 291 | €107,335 | €77,808 | -€29,527 | -27.5% |
| Stocks and contracts in progress | 3 | €195,051 | €222,299 | +€27,248 | +14.0% |
| Stocks | 30/36 | €195,051 | €222,299 | +€27,248 | +14.0% |
| Amounts receivable within one year | 40/41 | €1,721,167 | €734,103 | -€987,063 | -57.3% |
| Trade receivables | 40 | €1,613,762 | €623,069 | -€990,694 | -61.4% |
| Other amounts receivable | 41 | €107,405 | €111,035 | +€3,630 | +3.4% |
| Cash at bank and in hand | 54/58 | €754,115 | €1,009,876 | +€255,761 | +33.9% |
| Deferred charges and accrued income | 490/1 | €13,274 | €19,780 | +€6,506 | +49.0% |
| Total equity and liabilities | 10/49 | €2,852,027 | €2,116,268 | -€735,759 | -25.8% |
| Equity | 10/15 | €1,420,871 | €1,744,472 | +€323,601 | +22.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,038,888 | €1,362,489 | +€323,601 | +31.1% |
| Tax-exempt reserves | 132 | €136 | €136 | = | 0.0% |
| Distributable reserves | 133 | €1,038,752 | €1,362,352 | +€323,601 | +31.2% |
| Profit (loss) carried forward | 14 | €363,391 | €363,391 | = | 0.0% |
| Amounts payable | 17/49 | €1,431,156 | €371,797 | -€1.1m | -74.0% |
| Amounts payable within one year | 42/48 | €1,431,156 | €371,797 | -€1.1m | -74.0% |
| Trade debts | 44 | €620,479 | €148,788 | -€471,691 | -76.0% |
| Suppliers | 440/4 | €620,479 | €148,788 | -€471,691 | -76.0% |
| Advances received on contracts in progress | 46 | €462,730 | €28,186 | -€434,545 | -93.9% |
| Taxes, remuneration and social security | 45 | €277,950 | €127,626 | -€150,323 | -54.1% |
| Taxes | 450/3 | €254,754 | €92,663 | -€162,091 | -63.6% |
| Remuneration and social security | 454/9 | €23,196 | €34,964 | +€11,768 | +50.7% |
| Other amounts payable | 47/48 | €69,996 | €67,197 | -€2,800 | -4.0% |
| Remuneration, social security and pensions | 62 | €184,733 | €212,399 | +€27,666 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,473 | €20,926 | -€7,548 | -26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,910 | €0 | +€2,910 | |
| Other operating charges | 640/8 | €4,572 | €1,721 | -€2,851 | -62.4% |
| Non-recurring operating charges | 66A | - | €10,822 | +€10,822 | |
| Gross operating margin | 9900 | €599,639 | €697,448 | +€97,810 | +16.3% |
| Operating profit (loss) | 9901 | €384,771 | €451,581 | +€66,810 | +17.4% |
| Financial income | 75/76B | €32,199 | €27,511 | -€4,687 | -14.6% |
| Recurring financial income | 75 | €32,199 | €27,511 | -€4,687 | -14.6% |
| Financial charges | 65/66B | €2,874 | €3,048 | +€174 | +6.1% |
| Recurring financial charges | 65 | €2,874 | €3,048 | +€174 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €414,096 | €476,044 | +€61,948 | +15.0% |
| Income taxes | 67/77 | €133,049 | €152,444 | +€19,395 | +14.6% |
| Profit (loss) for the period | 9904 | €281,047 | €323,601 | +€42,553 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €281,047 | €323,601 | +€42,553 | +15.1% |
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 18 October 2026 via checked.be.