LiteTime: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2023 and 2024
Largest movements
- 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 (+6,533%), from €576 to €38,236
- 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
- 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%), 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)
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So 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 | +6,533% |
| 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% |
| Contributions 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% |
| Taxes | 450/3 | €4,981 | €11,209 | +€6,229 | +125% |
| 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% |
| Recurring financial income | 75 | €6,391 | €13,044 | +€6,653 | +104% |
| 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 | +115% |
| 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% |
Value
latest balance sheet 31-12-2024 · indication, not a valuation or adviceIndicative value of the equity
Indication, not a valuation or adviceMidpoint €280,030 · 50% capitalised earnings, 50% adjusted equity
Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50% revaluation €0 other adjustment €0 EBITDA multiple
The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.
Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.
Adjusted equity
- Equity (10/15)
- -€78,139
- Formation expenses (20)
- €0
- Intangible fixed assets (21)
- €0
- Revaluation of assets
- €0
- Deferred tax on the revaluation
- €0
- Other adjustment
- €0
- Adjusted equity
- -€78,139
Capitalised earnings
- 2024
- €70,986
- excluding non-recurring income and charges
- €57,949
- 2023
- €62,814
- 2022
- €102,285
- excluding non-recurring income and charges
- €108,989
- 2021
- €43,324
- excluding non-recurring income and charges
- €48,324
- 2020
- -€85,356
- Average result, excluding non-recurring income and charges
- €76,584
- Divided by the capitalisation rate
- 14% / 12% / 10%
- Capitalised earnings
- €547,029 / €638,200 / €765,840
Your EBITDA multiple
- EBITDA 2024
- €64,772
- Net financial debt
- €152,359
- Your multiple
- -
- Value with your multiple
- -
Net financial debt is the sum of financial debts after one year, the part due within the year and short-term financial debts, less cash and current investments.
Limits of the indication
- Checked holds no market prices or comparable transactions.
- Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
- Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
- The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.
For a valuation to base a decision on, go to a company auditor or a certified accountant.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 13 November 2026 via checked.be.