LiteTime: 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.
What changed
LiteTime
NACE 46.474, Wholesale trade
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€70,986
2023 · €62,814+€8,172
Equity
-€78,139
2023 · -€149,125+€70,986
Cash
-
not filed
Balance sheet total
€340,645
2023 · €253,677+€86,968
Largest movements
Assets
- Receivables within one year +€51,028
up €51,028 (+22.3%), from €228,581 to €279,609
of which Other amounts receivable: +€113,546
- Deferred charges and accrued income +€37,659
up €37,659 (+6533.2%), from €576 to €38,236
Equity and liabilities
- Profit (loss) carried forward +€70,986
up €70,986 (+44.4%), from -€159,797 to -€88,812
- Trade debts -€47,153
down €47,153 (-27.0%), from €174,737 to €127,584
- Accrued charges and deferred income +€37,659
new in 2024: €37,659
- Advances received +€26,038
new in 2024: €26,038
- Short-term financial debts -€6,545
down €6,545 (-19.0%), from €34,417 to €27,873
Income statement
- Turnover +€316,077
new in 2024: €316,077
- Purchases and services +€262,647
new in 2024: €262,647
- Financial income +€6,653
up €6,653 (+104.1%), from €6,391 to €13,044
- Gross operating margin -€5,314
down €5,314 (-7.4%), from €71,780 to €66,466
- Write-downs -€3,821
no longer reported in 2024 (was €3,821)
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.
Result 2023
€62,814
Gross operating margin
-€5,314
Staff costs
-€92
Depreciation
-€0
Write-downs
+€3,821
Other operating charges
-€282
Financial income
+€6,653
Financial charges
+€3,810
Taxes
-€424
Result 2024
€70,986
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,677 | €340,645 | +€86,968 | +34.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,989 | €4,270 | -€1,719 | -28.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,889 | €2,170 | -€1,719 | -44.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,299 | €1,749 | -€1,550 | -47.0% |
| Furniture and vehicles | 24 | €590 | €421 | -€168 | -28.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €247,688 | €336,375 | +€88,687 | +35.8% |
| Stocks and contracts in progress | 3 | €18,531 | €18,531 | = | 0.0% |
| Stocks | 30/36 | €18,531 | €18,531 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €228,581 | €279,609 | +€51,028 | +22.3% |
| Trade receivables | 40 | €69,213 | €6,696 | -€62,517 | -90.3% |
| Other amounts receivable | 41 | €159,367 | €272,913 | +€113,546 | +71.2% |
| Deferred charges and accrued income | 490/1 | €576 | €38,236 | +€37,659 | +6533.2% |
| Total equity and liabilities | 10/49 | €253,677 | €340,645 | +€86,968 | +34.3% |
| Equity | 10/15 | -€149,125 | -€78,139 | +€70,986 | +47.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €4,472 | €4,472 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,617 | €2,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,797 | -€88,812 | +€70,986 | +44.4% |
| Amounts payable | 17/49 | €402,802 | €418,785 | +€15,983 | +4.0% |
| Amounts payable after more than one year | 17 | €112,500 | €112,500 | = | 0.0% |
| Financial debts | 170/4 | €112,500 | €112,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €290,302 | €268,626 | -€21,677 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €12,233 | €11,986 | -€246 | -2.0% |
| Financial debts | 43 | €34,417 | €27,873 | -€6,545 | -19.0% |
| Credit institutions | 430/8 | €34,417 | €27,873 | -€6,545 | -19.0% |
| Trade debts | 44 | €174,737 | €127,584 | -€47,153 | -27.0% |
| Suppliers | 440/4 | €174,737 | €127,584 | -€47,153 | -27.0% |
| Advances received on contracts in progress | 46 | - | €26,038 | +€26,038 | |
| Taxes, remuneration and social security | 45 | €4,981 | €11,209 | +€6,229 | +125.1% |
| Taxes | 450/3 | €4,981 | €11,209 | +€6,229 | +125.1% |
| Other amounts payable | 47/48 | €63,935 | €63,935 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €37,659 | +€37,659 | |
| Turnover | 70 | - | €316,077 | +€316,077 | |
| Non-recurring operating income | 76A | - | €13,036 | +€13,036 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €262,647 | +€262,647 | |
| Remuneration, social security and pensions | 62 | -€92 | €0 | +€92 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,719 | €1,719 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,821 | - | -€3,821 | |
| Other operating charges | 640/8 | €1,412 | €1,694 | +€282 | +20.0% |
| Gross operating margin | 9900 | €71,780 | €66,466 | -€5,314 | -7.4% |
| Operating profit (loss) | 9901 | €64,920 | €63,053 | -€1,867 | -2.9% |
| Financial income | 75/76B | €6,391 | €13,044 | +€6,653 | +104.1% |
| Recurring financial income | 75 | €6,391 | €13,044 | +€6,653 | +104.1% |
| Financial charges | 65/66B | €8,129 | €4,319 | -€3,810 | -46.9% |
| Recurring financial charges | 65 | €8,129 | €4,319 | -€3,810 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €63,183 | €71,779 | +€8,596 | +13.6% |
| Income taxes | 67/77 | €369 | €793 | +€424 | +114.9% |
| Profit (loss) for the period | 9904 | €62,814 | €70,986 | +€8,172 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,814 | €70,986 | +€8,172 | +13.0% |
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 28 September 2026 via checked.be.