LITICS: 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.
LITICS
Largest movements
- Tangible fixed assets -€44,086
down €44,086 (-98.4%), from €44,815 to €728
of which Leasing and similar rights: -€43,726
- Receivables within one year -€8,760
down €8,760 (-89.0%), from €9,847 to €1,087
of which Trade receivables: -€5,782
- Cash +€930
up €930 (+50.8%), from €1,830 to €2,760
mainly Investment in fixed assets (net) (+€43,726) and Receivables within one year (+€8,760)
- Debts after one year -€20,007
no longer reported in 2024 (was €20,007)
- Other debts -€16,191
down €16,191 (-43.9%), from €36,849 to €20,658
- Current portion of long-term debt -€12,688
no longer reported in 2024 (was €12,688)
- Profit (loss) carried forward -€9,321
down €9,321 (-45.1%), from -€20,680 to -€30,001
- Tax, wage and social debts +€4,544
up €4,544 (+412.2%), from €1,103 to €5,647
- Depreciation -€10,489
down €10,489 (-96.7%), from €10,850 to €361
- Gross operating margin -€7,553
down €7,553 (-64.9%), from €11,646 to €4,093
- Financial charges -€450
down €450 (-19.7%), from €2,282 to €1,831
- Other operating charges +€435
new in 2024: €435
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 | €56,492 | €4,575 | -€51,917 | -91.9% |
| Fixed assets | 21/28 | €44,815 | €728 | -€44,086 | -98.4% |
| Tangible fixed assets | 22/27 | €44,815 | €728 | -€44,086 | -98.4% |
| Plant, machinery and equipment | 23 | €967 | €728 | -€239 | -24.7% |
| Furniture and vehicles | 24 | €122 | - | -€122 | |
| Leasing and similar rights | 25 | €43,726 | - | -€43,726 | |
| Current assets | 29/58 | €11,677 | €3,847 | -€7,830 | -67.1% |
| Amounts receivable within one year | 40/41 | €9,847 | €1,087 | -€8,760 | -89.0% |
| Trade receivables | 40 | €6,869 | €1,087 | -€5,782 | -84.2% |
| Other amounts receivable | 41 | €2,978 | - | -€2,978 | |
| Cash at bank and in hand | 54/58 | €1,830 | €2,760 | +€930 | +50.8% |
| Total equity and liabilities | 10/49 | €56,492 | €4,575 | -€51,917 | -91.9% |
| Equity | 10/15 | -€19,680 | -€29,001 | -€9,321 | -47.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,680 | -€30,001 | -€9,321 | -45.1% |
| Amounts payable | 17/49 | €76,172 | €33,576 | -€42,596 | -55.9% |
| Amounts payable after more than one year | 17 | €20,007 | - | -€20,007 | |
| Financial debts | 170/4 | €20,007 | - | -€20,007 | |
| Amounts payable within one year | 42/48 | €56,165 | €33,576 | -€22,589 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €12,688 | - | -€12,688 | |
| Trade debts | 44 | €5,525 | €7,271 | +€1,746 | +31.6% |
| Suppliers | 440/4 | €5,525 | €7,271 | +€1,746 | +31.6% |
| Taxes, remuneration and social security | 45 | €1,103 | €5,647 | +€4,544 | +412.2% |
| Taxes | 450/3 | €1,103 | €5,647 | +€4,544 | +412.2% |
| Other amounts payable | 47/48 | €36,849 | €20,658 | -€16,191 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,850 | €361 | -€10,489 | -96.7% |
| Other operating charges | 640/8 | - | €435 | +€435 | |
| Non-recurring operating charges | 66A | - | €10,788 | +€10,788 | |
| Gross operating margin | 9900 | €11,646 | €4,093 | -€7,553 | -64.9% |
| Operating profit (loss) | 9901 | €796 | -€7,490 | -€8,286 | |
| Financial charges | 65/66B | €2,282 | €1,831 | -€450 | -19.7% |
| Recurring financial charges | 65 | €2,282 | €1,831 | -€450 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,486 | -€9,321 | -€7,835 | -527.4% |
| Profit (loss) for the period | 9904 | -€1,486 | -€9,321 | -€7,835 | -527.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,486 | -€9,321 | -€7,835 | -527.4% |
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 1 October 2026 via checked.be.