L-TRADE: 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-TRADE
Largest movements
- Current investments -€57,683
down €57,683 (-7.2%), from €803,979 to €746,296
- Cash -€17,382
down €17,382 (-3.9%), from €448,690 to €431,308
mainly Contributions, distributions and other (-€100,000) and Other debts (-€769)
- Reserves -€76,396
down €76,396 (-11.7%), from €654,000 to €577,604
of which Distributable reserves: -€76,396
- Gross operating margin +€11,557
up €11,557, from -€9,335 to €2,222
- Financial income -€10,654
down €10,654 (-29.4%), from €36,190 to €25,536
- Financial charges +€294
up €294 (+174.0%), from €169 to €463
- Other operating charges -€191
down €191 (-8.3%), from €2,304 to €2,113
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 | €1,254,787 | €1,177,604 | -€77,183 | -6.2% |
| Current assets | 29/58 | €1,254,787 | €1,177,604 | -€77,183 | -6.2% |
| Amounts receivable within one year | 40/41 | €2,118 | €0 | -€2,118 | -100.0% |
| Trade receivables | 40 | €2,118 | €0 | -€2,118 | -100.0% |
| Current investments | 50/53 | €803,979 | €746,296 | -€57,683 | -7.2% |
| Cash at bank and in hand | 54/58 | €448,690 | €431,308 | -€17,382 | -3.9% |
| Total equity and liabilities | 10/49 | €1,254,787 | €1,177,604 | -€77,183 | -6.2% |
| Equity | 10/15 | €1,254,018 | €1,177,604 | -€76,415 | -6.1% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €654,000 | €577,604 | -€76,396 | -11.7% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €594,000 | €517,604 | -€76,396 | -12.9% |
| Profit (loss) carried forward | 14 | €18 | €0 | -€18 | -100.0% |
| Amounts payable | 17/49 | €769 | €0 | -€769 | -100.0% |
| Amounts payable within one year | 42/48 | €769 | €0 | -€769 | -100.0% |
| Other amounts payable | 47/48 | €769 | €0 | -€769 | -100.0% |
| Non-recurring operating income | 76A | €0 | €9,379 | +€9,379 | |
| Other operating charges | 640/8 | €2,304 | €2,113 | -€191 | -8.3% |
| Non-recurring operating charges | 66A | - | €1,596 | +€1,596 | |
| Gross operating margin | 9900 | -€9,335 | €2,222 | +€11,557 | |
| Operating profit (loss) | 9901 | -€11,639 | -€1,487 | +€10,151 | +87.2% |
| Financial income | 75/76B | €36,190 | €25,536 | -€10,654 | -29.4% |
| Recurring financial income | 75 | €36,190 | €25,536 | -€10,654 | -29.4% |
| Financial charges | 65/66B | €169 | €463 | +€294 | +174.0% |
| Recurring financial charges | 65 | €169 | €463 | +€294 | +174.0% |
| Profit (loss) for the period before taxes | 9903 | €24,382 | €23,586 | -€797 | -3.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €24,382 | €23,586 | -€797 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,382 | €23,586 | -€797 | -3.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.