L-Tec: 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-Tec
Largest movements
- Cash +€95,300
up €95,300 (+242.4%), from €39,309 to €134,609
mainly Net result for the year (+€69,690) and Tax, wage and social debts (+€19,216)
- Receivables within one year -€7,542
down €7,542 (-15.9%), from €47,421 to €39,879
of which Trade receivables: -€7,424
- Tangible fixed assets -€4,053
down €4,053 (-13.3%), from €30,573 to €26,520
- Reserves +€60,690
up €60,690 (+115.5%), from €52,560 to €113,250
- Tax, wage and social debts +€19,216
up €19,216 (+99.6%), from €19,288 to €38,504
of which Taxes: +€17,801
- Other debts +€9,000
up €9,000 (+89.5%), from €10,061 to €19,061
- Debts after one year -€6,874
no longer reported in 2025 (was €6,874)
- Trade debts +€3,374
up €3,374 (+19.7%), from €17,140 to €20,514
- Gross operating margin +€87,846
up €87,846 (+369.7%), from €23,762 to €111,608
- Taxes +€19,335
up €19,335 (+288.5%), from €6,701 to €26,036
- Depreciation +€3,228
up €3,228 (+64.1%), from €5,033 to €8,261
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 | €118,151 | €202,330 | +€84,179 | +71.2% |
| Fixed assets | 21/28 | €30,573 | €26,520 | -€4,053 | -13.3% |
| Tangible fixed assets | 22/27 | €30,573 | €26,520 | -€4,053 | -13.3% |
| Plant, machinery and equipment | 23 | €1,567 | - | -€1,567 | |
| Furniture and vehicles | 24 | €11,693 | €10,357 | -€1,336 | -11.4% |
| Other tangible fixed assets | 26 | €17,313 | €16,163 | -€1,150 | -6.6% |
| Current assets | 29/58 | €87,578 | €175,810 | +€88,232 | +100.7% |
| Stocks and contracts in progress | 3 | €606 | €424 | -€182 | -30.0% |
| Stocks | 30/36 | €606 | €424 | -€182 | -30.0% |
| Amounts receivable within one year | 40/41 | €47,421 | €39,879 | -€7,542 | -15.9% |
| Trade receivables | 40 | €40,628 | €33,204 | -€7,424 | -18.3% |
| Other amounts receivable | 41 | €6,793 | €6,675 | -€118 | -1.7% |
| Cash at bank and in hand | 54/58 | €39,309 | €134,609 | +€95,300 | +242.4% |
| Deferred charges and accrued income | 490/1 | €242 | €898 | +€656 | +271.1% |
| Total equity and liabilities | 10/49 | €118,151 | €202,330 | +€84,179 | +71.2% |
| Equity | 10/15 | €52,608 | €113,298 | +€60,690 | +115.4% |
| Contributions | 10/11 | €48 | €48 | = | 0.0% |
| Reserves | 13 | €52,560 | €113,250 | +€60,690 | +115.5% |
| Distributable reserves | 133 | €52,560 | €113,250 | +€60,690 | +115.5% |
| Amounts payable | 17/49 | €65,543 | €89,032 | +€23,489 | +35.8% |
| Amounts payable after more than one year | 17 | €6,874 | - | -€6,874 | |
| Financial debts | 170/4 | €6,874 | - | -€6,874 | |
| Amounts payable within one year | 42/48 | €58,669 | €89,032 | +€30,363 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €12,180 | €10,953 | -€1,227 | -10.1% |
| Trade debts | 44 | €17,140 | €20,514 | +€3,374 | +19.7% |
| Suppliers | 440/4 | €17,140 | €20,514 | +€3,374 | +19.7% |
| Taxes, remuneration and social security | 45 | €19,288 | €38,504 | +€19,216 | +99.6% |
| Taxes | 450/3 | €19,288 | €37,089 | +€17,801 | +92.3% |
| Remuneration and social security | 454/9 | - | €1,415 | +€1,415 | |
| Other amounts payable | 47/48 | €10,061 | €19,061 | +€9,000 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,033 | €8,261 | +€3,228 | +64.1% |
| Other operating charges | 640/8 | €4,575 | €3,974 | -€601 | -13.1% |
| Gross operating margin | 9900 | €23,762 | €111,608 | +€87,846 | +369.7% |
| Operating profit (loss) | 9901 | €14,154 | €99,373 | +€85,219 | +602.1% |
| Financial charges | 65/66B | €3,912 | €3,647 | -€265 | -6.8% |
| Recurring financial charges | 65 | €3,912 | €3,647 | -€265 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €10,242 | €95,726 | +€85,484 | +834.6% |
| Income taxes | 67/77 | €6,701 | €26,036 | +€19,335 | +288.5% |
| Profit (loss) for the period | 9904 | €3,541 | €69,690 | +€66,149 | +1868.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,541 | €69,690 | +€66,149 | +1868.1% |
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 10 October 2026 via checked.be.