LITIWO: what changed
LITIWO
Largest movements
- Receivables within one year +€42,276
up €42,276 (+20.2%), from €209,154 to €251,430
of which Other amounts receivable: +€25,624
- Tangible fixed assets +€28,047
up €28,047 (+180%), from €15,593 to €43,640
of which Other tangible fixed assets: +€28,446
- Cash +€10,734
up €10,734 (+11.2%), from €95,786 to €106,520
mainly Other debts (+€81,301) and Net result for the year (+€74,032)
- Deferred charges and accrued income +€6,710
up €6,710 (+129%), from €5,194 to €11,904
- Other debts +€81,301
up €81,301 (+226%), from €35,927 to €117,228
- Reserves -€43,196
down €43,196 (-13.3%), from €325,539 to €282,343
of which Distributable reserves: -€43,196
- Trade debts +€23,308
up €23,308 (+283%), from €8,246 to €31,553
- Tax, wage and social debts +€22,745
up €22,745 (+118%), from €19,208 to €41,952
- Gross operating margin +€56,133
up €56,133 (+112%), from €50,033 to €106,166
- Taxes +€13,315
up €13,315 (+77.3%), from €17,219 to €30,534
- Depreciation +€6,857
up €6,857 (+171%), from €4,018 to €10,875
- Financial income +€1,427
up €1,427 (+13.0%), from €10,989 to €12,417
Change in the result, 2024 to 2025
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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €418,028 | €504,945 | +€86,917 | +20.8% |
| Fixed assets | 21/28 | €15,893 | €44,090 | +€28,197 | +177% |
| Tangible fixed assets | 22/27 | €15,593 | €43,640 | +€28,047 | +180% |
| Plant, machinery and equipment | 23 | €10,020 | €9,084 | -€936 | -9.3% |
| Furniture and vehicles | 24 | €1,003 | €1,540 | +€537 | +53.5% |
| Other tangible fixed assets | 26 | €4,571 | €33,016 | +€28,446 | +622% |
| Financial fixed assets | 28 | €300 | €450 | +€150 | +50.0% |
| Current assets | 29/58 | €402,135 | €460,854 | +€58,720 | +14.6% |
| Amounts receivable after more than one year | 29 | €92,000 | €91,000 | -€1,000 | -1.1% |
| Other amounts receivable | 291 | €92,000 | €91,000 | -€1,000 | -1.1% |
| Amounts receivable within one year | 40/41 | €209,154 | €251,430 | +€42,276 | +20.2% |
| Trade receivables | 40 | €18,812 | €35,464 | +€16,652 | +88.5% |
| Other amounts receivable | 41 | €190,342 | €215,967 | +€25,624 | +13.5% |
| Cash at bank and in hand | 54/58 | €95,786 | €106,520 | +€10,734 | +11.2% |
| Deferred charges and accrued income | 490/1 | €5,194 | €11,904 | +€6,710 | +129% |
| Total equity and liabilities | 10/49 | €418,028 | €504,945 | +€86,917 | +20.8% |
| Equity | 10/15 | €344,089 | €300,893 | -€43,196 | -12.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €325,539 | €282,343 | -€43,196 | -13.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €325,539 | €282,343 | -€43,196 | -13.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,939 | €204,052 | +€130,113 | +176% |
| Amounts payable within one year | 42/48 | €66,760 | €194,067 | +€127,307 | +191% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,380 | €3,333 | -€47 | -1.4% |
| Credit institutions | 430/8 | €3,380 | €3,333 | -€47 | -1.4% |
| Trade debts | 44 | €8,246 | €31,553 | +€23,308 | +283% |
| Suppliers | 440/4 | €8,246 | €31,553 | +€23,308 | +283% |
| Taxes, remuneration and social security | 45 | €19,208 | €41,952 | +€22,745 | +118% |
| Taxes | 450/3 | €19,208 | €41,952 | +€22,745 | +118% |
| Other amounts payable | 47/48 | €35,927 | €117,228 | +€81,301 | +226% |
| Accrued charges and deferred income | 492/3 | €7,179 | €9,985 | +€2,806 | +39.1% |
| Non-recurring operating income | 76A | €0 | €11,582 | +€11,582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,018 | €10,875 | +€6,857 | +171% |
| Other operating charges | 640/8 | €1,655 | €2,168 | +€514 | +31.0% |
| Gross operating margin | 9900 | €50,033 | €106,166 | +€56,133 | +112% |
| Operating profit (loss) | 9901 | €44,360 | €93,122 | +€48,762 | +110% |
| Financial income | 75/76B | €10,989 | €12,417 | +€1,427 | +13.0% |
| Recurring financial income | 75 | €10,989 | €12,417 | +€1,427 | +13.0% |
| Financial charges | 65/66B | €1,155 | €972 | -€183 | -15.8% |
| Recurring financial charges | 65 | €1,155 | €972 | -€183 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €54,194 | €104,566 | +€50,372 | +92.9% |
| Income taxes | 67/77 | €17,219 | €30,534 | +€13,315 | +77.3% |
| Profit (loss) for the period | 9904 | €36,975 | €74,032 | +€37,057 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €36,975 | €74,032 | +€37,057 | +100% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.