LITEC: 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.
LITEC
Largest movements
- Tangible fixed assets +€32,283
up €32,283 (+14.1%), from €228,621 to €260,903
of which Land and buildings: +€36,959
- Cash -€14,664
down €14,664 (-71.8%), from €20,434 to €5,769
mainly Investment in fixed assets (net) (-€60,345) and Net result for the year (-€31,770)
- Receivables within one year -€5,981
down €5,981 (-27.4%), from €21,826 to €15,844
of which Trade receivables: -€4,677
- Stocks and contracts -€2,995
down €2,995 (-23.7%), from €12,625 to €9,630
- Debts after one year +€32,464
up €32,464 (+21.3%), from €152,338 to €184,802
- Profit (loss) carried forward -€18,773
new in 2025: -€18,773
- Other debts +€17,527
up €17,527 (+20.8%), from €84,148 to €101,675
- Trade debts -€13,478
down €13,478 (-51.2%), from €26,315 to €12,836
- Reserves -€12,997
down €12,997 (-95.6%), from €13,597 to €600
of which Distributable reserves: -€12,997
- Depreciation +€15,373
up €15,373 (+104.7%), from €14,689 to €30,062
- Gross operating margin -€14,897
down €14,897, from €13,435 to -€1,462
- Financial income +€912
up €912 (+194.0%), from €470 to €1,382
- Financial charges -€417
down €417 (-38.0%), from €1,096 to €680
- Taxes -€240
no longer reported in 2025 (was €240)
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 | €289,038 | €293,896 | +€4,857 | +1.7% |
| Fixed assets | 21/28 | €231,121 | €261,403 | +€30,283 | +13.1% |
| Tangible fixed assets | 22/27 | €228,621 | €260,903 | +€32,283 | +14.1% |
| Land and buildings | 22 | €212,958 | €249,917 | +€36,959 | +17.4% |
| Plant, machinery and equipment | 23 | €4,259 | €4,687 | +€428 | +10.1% |
| Furniture and vehicles | 24 | €11,404 | €6,299 | -€5,105 | -44.8% |
| Financial fixed assets | 28 | €2,500 | €500 | -€2,000 | -80.0% |
| Current assets | 29/58 | €57,918 | €32,493 | -€25,425 | -43.9% |
| Stocks and contracts in progress | 3 | €12,625 | €9,630 | -€2,995 | -23.7% |
| Stocks | 30/36 | €12,625 | €9,630 | -€2,995 | -23.7% |
| Amounts receivable within one year | 40/41 | €21,826 | €15,844 | -€5,981 | -27.4% |
| Trade receivables | 40 | €17,550 | €12,872 | -€4,677 | -26.7% |
| Other amounts receivable | 41 | €4,276 | €2,972 | -€1,304 | -30.5% |
| Cash at bank and in hand | 54/58 | €20,434 | €5,769 | -€14,664 | -71.8% |
| Deferred charges and accrued income | 490/1 | €3,034 | €1,249 | -€1,785 | -58.8% |
| Total equity and liabilities | 10/49 | €289,038 | €293,896 | +€4,857 | +1.7% |
| Equity | 10/15 | €25,997 | -€5,773 | -€31,770 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,597 | €600 | -€12,997 | -95.6% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Other | 1319 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €12,997 | - | -€12,997 | |
| Profit (loss) carried forward | 14 | - | -€18,773 | -€18,773 | |
| Amounts payable | 17/49 | €263,041 | €299,668 | +€36,627 | +13.9% |
| Amounts payable after more than one year | 17 | €152,338 | €184,802 | +€32,464 | +21.3% |
| Financial debts | 170/4 | €152,338 | €184,802 | +€32,464 | +21.3% |
| Amounts payable within one year | 42/48 | €110,703 | €114,867 | +€4,164 | +3.8% |
| Trade debts | 44 | €26,315 | €12,836 | -€13,478 | -51.2% |
| Suppliers | 440/4 | €26,315 | €12,836 | -€13,478 | -51.2% |
| Taxes, remuneration and social security | 45 | €240 | €355 | +€115 | +48.0% |
| Remuneration and social security | 454/9 | €240 | €355 | +€115 | +48.0% |
| Other amounts payable | 47/48 | €84,148 | €101,675 | +€17,527 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,689 | €30,062 | +€15,373 | +104.7% |
| Other operating charges | 640/8 | €924 | €948 | +€24 | +2.6% |
| Gross operating margin | 9900 | €13,435 | -€1,462 | -€14,897 | |
| Operating profit (loss) | 9901 | -€2,179 | -€32,473 | -€30,294 | -1390.4% |
| Financial income | 75/76B | €470 | €1,382 | +€912 | +194.0% |
| Recurring financial income | 75 | €470 | €1,382 | +€912 | +194.0% |
| Financial charges | 65/66B | €1,096 | €680 | -€417 | -38.0% |
| Recurring financial charges | 65 | €1,096 | €680 | -€417 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,805 | -€31,770 | -€28,965 | -1032.6% |
| Income taxes | 67/77 | €240 | - | -€240 | |
| Profit (loss) for the period | 9904 | -€3,045 | -€31,770 | -€28,725 | -943.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,045 | -€31,770 | -€28,725 | -943.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.