LE-TRAN: 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.
LE-TRAN
Largest movements
- Cash +€480,594
up €480,594 (+104.5%), from €459,737 to €940,331
mainly Net result for the year (+€281,756) and Other debts (+€123,361)
- Tangible fixed assets -€78,975
down €78,975 (-100.0%), from €78,975 to €0
of which Furniture and vehicles: -€54,869
- Reserves +€300,000
up €300,000 (+73.3%), from €409,425 to €709,425
of which Tax-exempt reserves: +€300,000
- Other debts +€123,361
up €123,361 (+2808.3%), from €4,393 to €127,753
- Provisions +€100,000
new in 2024: €100,000
- Debts after one year -€38,717
no longer reported in 2024 (was €38,717)
- Current portion of long-term debt -€37,255
no longer reported in 2024 (was €37,255)
- Gross operating margin +€229,211
up €229,211 (+138.8%), from €165,172 to €394,383
- Taxes -€43,154
down €43,154 (-99.7%), from €43,295 to €141
- Depreciation -€13,046
no longer reported in 2024 (was €13,046)
- Other operating charges +€5,175
up €5,175 (+146.2%), from €3,540 to €8,716
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,728 | €943,114 | +€395,386 | +72.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €79,000 | €25 | -€78,975 | -100.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €78,975 | €0 | -€78,975 | -100.0% |
| Plant, machinery and equipment | 23 | €24,106 | €0 | -€24,106 | -100.0% |
| Furniture and vehicles | 24 | €54,869 | - | -€54,869 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €468,728 | €943,089 | +€474,360 | +101.2% |
| Amounts receivable within one year | 40/41 | €2,195 | - | -€2,195 | |
| Other amounts receivable | 41 | €2,195 | - | -€2,195 | |
| Cash at bank and in hand | 54/58 | €459,737 | €940,331 | +€480,594 | +104.5% |
| Deferred charges and accrued income | 490/1 | €6,796 | €2,758 | -€4,038 | -59.4% |
| Total equity and liabilities | 10/49 | €547,728 | €943,114 | +€395,386 | +72.2% |
| Equity | 10/15 | €421,825 | €703,580 | +€281,756 | +66.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €409,425 | €709,425 | +€300,000 | +73.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €300,000 | +€300,000 | |
| Distributable reserves | 133 | €407,565 | €407,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,244 | -€18,244 | |
| Provisions and deferred taxes | 16 | - | €100,000 | +€100,000 | |
| Deferred taxes | 168 | - | €100,000 | +€100,000 | |
| Amounts payable | 17/49 | €125,903 | €139,533 | +€13,630 | +10.8% |
| Amounts payable after more than one year | 17 | €38,717 | - | -€38,717 | |
| Financial debts | 170/4 | €38,717 | - | -€38,717 | |
| Amounts payable within one year | 42/48 | €87,186 | €139,533 | +€52,347 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €37,255 | - | -€37,255 | |
| Trade debts | 44 | €6,745 | €7,344 | +€599 | +8.9% |
| Suppliers | 440/4 | €6,745 | €7,344 | +€599 | +8.9% |
| Taxes, remuneration and social security | 45 | €38,793 | €4,436 | -€34,357 | -88.6% |
| Taxes | 450/3 | €33,855 | €4,436 | -€29,419 | -86.9% |
| Remuneration and social security | 454/9 | €4,938 | - | -€4,938 | |
| Other amounts payable | 47/48 | €4,393 | €127,753 | +€123,361 | +2808.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,046 | - | -€13,046 | |
| Other operating charges | 640/8 | €3,540 | €8,716 | +€5,175 | +146.2% |
| Gross operating margin | 9900 | €165,172 | €394,383 | +€229,211 | +138.8% |
| Operating profit (loss) | 9901 | €148,586 | €385,667 | +€237,081 | +159.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,260 | €3,770 | +€1,510 | +66.8% |
| Recurring financial charges | 65 | €2,260 | €3,770 | +€1,510 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | €146,326 | €381,897 | +€235,571 | +161.0% |
| Transfer to deferred taxes | 680 | - | €100,000 | +€100,000 | |
| Income taxes | 67/77 | €43,295 | €141 | -€43,154 | -99.7% |
| Profit (loss) for the period | 9904 | €103,031 | €281,756 | +€178,725 | +173.5% |
| Transfer to tax-exempt reserves | 689 | - | €300,000 | +€300,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,031 | -€18,244 | -€121,275 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.