LITANI: 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.
LITANI
Largest movements
- Receivables within one year +€202,542
new in 2024: €202,542
- Cash +€183,532
up €183,532 (+41.2%), from €446,006 to €629,537
mainly Trade debts (+€197,289) and Net result for the year (+€192,130)
- Tangible fixed assets +€94,066
up €94,066 (+103.7%), from €90,676 to €184,742
of which Plant, machinery and equipment: +€78,061
- Trade debts +€197,289
up €197,289 (+507.6%), from €38,864 to €236,153
- Profit (loss) carried forward +€192,130
up €192,130 (+50.4%), from €380,919 to €573,049
- Tax, wage and social debts +€48,320
up €48,320 (+38.9%), from €124,081 to €172,401
of which Taxes: +€33,714
- Other debts +€40,728
up €40,728 (+531.4%), from €7,665 to €48,393
- Gross operating margin +€26,900
up €26,900 (+6.1%), from €438,031 to €464,932
- Staff costs -€24,287
down €24,287 (-14.2%), from €170,829 to €146,542
- Taxes +€10,978
up €10,978 (+16.9%), from €65,060 to €76,038
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 | €627,167 | €1,105,635 | +€478,468 | +76.3% |
| Fixed assets | 21/28 | €102,301 | €196,367 | +€94,066 | +92.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €90,676 | €184,742 | +€94,066 | +103.7% |
| Land and buildings | 22 | €68,925 | €85,195 | +€16,270 | +23.6% |
| Plant, machinery and equipment | 23 | €20,692 | €98,752 | +€78,061 | +377.3% |
| Furniture and vehicles | 24 | €1,059 | €794 | -€265 | -25.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €11,625 | €11,625 | = | 0.0% |
| Current assets | 29/58 | €524,866 | €909,268 | +€384,402 | +73.2% |
| Amounts receivable after more than one year | 29 | €75,878 | €75,878 | = | 0.0% |
| Other amounts receivable | 291 | €75,878 | €75,878 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €202,542 | +€202,542 | |
| Trade receivables | 40 | - | €202,542 | +€202,542 | |
| Cash at bank and in hand | 54/58 | €446,006 | €629,537 | +€183,532 | +41.2% |
| Deferred charges and accrued income | 490/1 | €2,983 | €1,311 | -€1,672 | -56.1% |
| Total equity and liabilities | 10/49 | €627,167 | €1,105,635 | +€478,468 | +76.3% |
| Equity | 10/15 | €456,557 | €648,687 | +€192,130 | +42.1% |
| Contributions | 10/11 | €61,502 | €61,502 | = | 0.0% |
| Capital | 10 | €61,502 | €61,502 | = | 0.0% |
| Issued capital | 100 | €61,502 | €61,502 | = | 0.0% |
| Reserves | 13 | €14,136 | €14,136 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,511 | €4,511 | = | 0.0% |
| Legal reserve | 130 | €4,511 | €4,511 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,667 | €4,667 | = | 0.0% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €380,919 | €573,049 | +€192,130 | +50.4% |
| Amounts payable | 17/49 | €170,610 | €456,947 | +€286,337 | +167.8% |
| Amounts payable within one year | 42/48 | €170,610 | €456,947 | +€286,337 | +167.8% |
| Trade debts | 44 | €38,864 | €236,153 | +€197,289 | +507.6% |
| Suppliers | 440/4 | €38,864 | €236,153 | +€197,289 | +507.6% |
| Taxes, remuneration and social security | 45 | €124,081 | €172,401 | +€48,320 | +38.9% |
| Taxes | 450/3 | €75,809 | €109,523 | +€33,714 | +44.5% |
| Remuneration and social security | 454/9 | €48,272 | €62,878 | +€14,606 | +30.3% |
| Other amounts payable | 47/48 | €7,665 | €48,393 | +€40,728 | +531.4% |
| Remuneration, social security and pensions | 62 | €170,829 | €146,542 | -€24,287 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,759 | €15,032 | +€4,273 | +39.7% |
| Other operating charges | 640/8 | €1,551 | €4,020 | +€2,470 | +159.3% |
| Non-recurring operating charges | 66A | - | €19,101 | +€19,101 | |
| Gross operating margin | 9900 | €438,031 | €464,932 | +€26,900 | +6.1% |
| Operating profit (loss) | 9901 | €254,894 | €280,237 | +€25,344 | +9.9% |
| Financial income | 75/76B | €0 | €1 | +€0 | +41.7% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +41.7% |
| Financial charges | 65/66B | €10,240 | €12,070 | +€1,830 | +17.9% |
| Recurring financial charges | 65 | €10,240 | €12,070 | +€1,830 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €244,654 | €268,168 | +€23,514 | +9.6% |
| Income taxes | 67/77 | €65,060 | €76,038 | +€10,978 | +16.9% |
| Profit (loss) for the period | 9904 | €179,594 | €192,130 | +€12,536 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €179,594 | €192,130 | +€12,536 | +7.0% |
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 3 October 2026 via checked.be.