L-Tech: 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-Tech
Largest movements
- Cash +€14,009
up €14,009 (+8.4%), from €167,492 to €181,501
mainly Net result for the year (+€25,210) and Depreciation (+€5,827)
- Receivables within one year +€6,502
up €6,502 (+127.5%), from €5,101 to €11,603
of which Trade receivables: +€4,767
- Tangible fixed assets -€2,845
down €2,845 (-33.4%), from €8,515 to €5,671
of which Leasing and similar rights: -€4,900
- Reserves +€24,410
up €24,410 (+18.0%), from €135,676 to €160,087
- Debts after one year -€5,260
no longer reported in 2025 (was €5,260)
- Gross operating margin +€7,201
up €7,201 (+19.3%), from €37,327 to €44,528
- Write-downs +€4,969
no longer reported in 2025 (was -€4,969)
- Taxes +€3,346
up €3,346 (+41.1%), from €8,151 to €11,497
- Financial charges +€968
up €968 (+106.4%), from €910 to €1,878
- Financial income +€893
up €893 (+1786.9%), from €50 to €943
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 | €181,908 | €200,138 | +€18,231 | +10.0% |
| Fixed assets | 21/28 | €8,515 | €5,671 | -€2,845 | -33.4% |
| Tangible fixed assets | 22/27 | €8,515 | €5,671 | -€2,845 | -33.4% |
| Plant, machinery and equipment | 23 | - | €898 | +€898 | |
| Furniture and vehicles | 24 | €1,749 | €2,906 | +€1,157 | +66.1% |
| Leasing and similar rights | 25 | €6,766 | €1,866 | -€4,900 | -72.4% |
| Current assets | 29/58 | €173,392 | €194,468 | +€21,075 | +12.2% |
| Amounts receivable within one year | 40/41 | €5,101 | €11,603 | +€6,502 | +127.5% |
| Trade receivables | 40 | €789 | €5,555 | +€4,767 | +604.5% |
| Other amounts receivable | 41 | €4,312 | €6,048 | +€1,736 | +40.2% |
| Cash at bank and in hand | 54/58 | €167,492 | €181,501 | +€14,009 | +8.4% |
| Deferred charges and accrued income | 490/1 | €800 | €1,364 | +€564 | +70.4% |
| Total equity and liabilities | 10/49 | €181,908 | €200,138 | +€18,231 | +10.0% |
| Equity | 10/15 | €141,876 | €166,287 | +€24,410 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,676 | €160,087 | +€24,410 | +18.0% |
| Distributable reserves | 133 | €135,676 | €160,087 | +€24,410 | +18.0% |
| Amounts payable | 17/49 | €40,032 | €33,852 | -€6,180 | -15.4% |
| Amounts payable after more than one year | 17 | €5,260 | - | -€5,260 | |
| Financial debts | 170/4 | €5,260 | - | -€5,260 | |
| Amounts payable within one year | 42/48 | €34,671 | €33,852 | -€820 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €4,574 | €5,260 | +€686 | +15.0% |
| Trade debts | 44 | €1,180 | €1,930 | +€750 | +63.5% |
| Suppliers | 440/4 | €1,180 | €1,930 | +€750 | +63.5% |
| Taxes, remuneration and social security | 45 | €1,250 | - | -€1,250 | |
| Taxes | 450/3 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €27,667 | €26,662 | -€1,005 | -3.6% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Non-recurring operating income | 76A | - | €10,864 | +€10,864 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,561 | €5,827 | -€734 | -11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,969 | - | +€4,969 | |
| Other operating charges | 640/8 | €1,247 | €1,058 | -€190 | -15.2% |
| Gross operating margin | 9900 | €37,327 | €44,528 | +€7,201 | +19.3% |
| Operating profit (loss) | 9901 | €34,487 | €37,643 | +€3,156 | +9.2% |
| Financial income | 75/76B | €50 | €943 | +€893 | +1786.9% |
| Recurring financial income | 75 | €50 | €943 | +€893 | +1786.9% |
| Financial charges | 65/66B | €910 | €1,878 | +€968 | +106.4% |
| Recurring financial charges | 65 | €910 | €1,878 | +€968 | +106.4% |
| Profit (loss) for the period before taxes | 9903 | €33,627 | €36,707 | +€3,080 | +9.2% |
| Income taxes | 67/77 | €8,151 | €11,497 | +€3,346 | +41.1% |
| Profit (loss) for the period | 9904 | €25,476 | €25,210 | -€266 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,476 | €25,210 | -€266 | -1.0% |
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 7 October 2026 via checked.be.