LITRAN: 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
LITRAN
NACE 42.220, Construction of utility projects for electricity and telecommunications
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.6m
2024 · €6.9m+€742,494
Equity
€21.1m
2024 · €13.5m+€7.6m
Cash
€16.9m
2024 · €17.8m-€868,665
Balance sheet total
€83.5m
2024 · €70.3m+€13.3m
Largest movements
Assets
- Receivables within one year +€12.4m
up €12.4m (+31.0%), from €39.9m to €52.3m
of which Other amounts receivable: +€8.0m
- Tangible fixed assets +€3.0m
up €3.0m (+123.1%), from €2.4m to €5.4m
of which Leasing and similar rights: +€3.1m
- Receivables after one year -€2.0m
down €2.0m (-49.0%), from €4.1m to €2.1m
- Cash -€868,665
down €868,665 (-4.9%), from €17.8m to €16.9m
mainly Receivables within one year (-€12.4m) and Investment in fixed assets (net) (-€4.2m)
Equity and liabilities
- Profit (loss) carried forward +€7.6m
up €7.6m (+76.1%), from €10.0m to €17.7m
- Debts after one year +€2.0m
up €2.0m (+184.7%), from €1.1m to €3.1m
- Advances received +€1.9m
up €1.9m (+28.5%), from €6.7m to €8.6m
- Other debts +€1.2m
up €1.2m (+46.2%), from €2.6m to €3.9m
- Accrued charges and deferred income +€1.1m
up €1.1m (+26.7%), from €4.2m to €5.3m
Income statement
- Turnover -€33.0m
down €33.0m (-22.4%), from €147.1m to €114.1m
- Services and other goods -€24.6m
down €24.6m (-26.2%), from €94.0m to €69.3m
- Staff costs -€20.5m
down €20.5m (-41.8%), from €49.0m to €28.5m
- Goods and materials -€12.6m
down €12.6m (-44.2%), from €28.5m to €15.9m
of which Purchases: -€13.4m
- Other operating income -€3.5m
down €3.5m (-64.4%), from €5.5m to €2.0m
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.
Result 2024
€6.9m
Turnover
-€33.0m
Other operating income
-€3.5m
Goods and materials
+€12.6m
Services and other goods
+€24.6m
Staff costs
+€20.5m
Depreciation
-€251,406
Write-downs
+€766,934
Provisions
+€865,125
Other operating charges
+€700,254
Other operating items
-€22.9m
Financial income
-€152,933
Financial charges
+€47,130
Taxes
+€508,158
Result 2025
€7.6m
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.
From operations
+€461,677
Investment
-€4.3m
Financing
+€3.0m
Cash 2024
€17.8m
From operations (derived)
+€461,677
Net result for the year
+€7.6m
Depreciation
+€1.2m
Receivables after one year
+€2.0m
Stocks and contracts
-€567,705
Receivables within one year
-€12.4m
Deferred charges and accrued income
-€112,597
Provisions
-€471,123
Trade debts
-€1.0m
Tax, wage and social debts
-€92,898
Advances received
+€1.9m
Other debts
+€1.2m
Accrued charges and deferred income
+€1.1m
Investment (derived)
-€4.3m
Investment in fixed assets (net)
-€4.2m
Current investments
-€93,072
Financing
+€3.0m
Debts after one year
+€2.0m
Current portion of long-term debt
+€957,065
Cash 2025
€16.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,260,039 | €83,538,977 | +€13.3m | +18.9% |
| Fixed assets | 21/28 | €2,534,522 | €5,518,557 | +€3.0m | +117.7% |
| Tangible fixed assets | 22/27 | €2,410,325 | €5,377,857 | +€3.0m | +123.1% |
| Plant, machinery and equipment | 23 | €824,544 | €669,304 | -€155,240 | -18.8% |
| Furniture and vehicles | 24 | €54,416 | €104,929 | +€50,513 | +92.8% |
| Leasing and similar rights | 25 | €1,531,366 | €4,603,624 | +€3.1m | +200.6% |
| Financial fixed assets | 28 | €124,196 | €140,700 | +€16,503 | +13.3% |
| Other financial fixed assets | 284/8 | €124,196 | €140,700 | +€16,503 | +13.3% |
| Shares | 284 | €82,054 | €102,457 | +€20,403 | +24.9% |
| Amounts receivable and cash guarantees | 285/8 | €42,143 | €38,243 | -€3,900 | -9.3% |
| Current assets | 29/58 | €67,725,517 | €78,020,420 | +€10.3m | +15.2% |
| Amounts receivable after more than one year | 29 | €4,077,113 | €2,079,452 | -€2.0m | -49.0% |
| Other amounts receivable | 291 | €4,077,113 | €2,079,452 | -€2.0m | -49.0% |
| Stocks and contracts in progress | 3 | €5,311,203 | €5,878,908 | +€567,705 | +10.7% |
| Stocks | 30/36 | €5,311,202 | €5,878,908 | +€567,706 | +10.7% |
| Raw materials and consumables | 30/31 | €5,311,202 | €5,878,908 | +€567,706 | +10.7% |
| Contracts in progress | 37 | €0 | - | -€0 | |
| Amounts receivable within one year | 40/41 | €39,919,765 | €52,307,619 | +€12.4m | +31.0% |
| Trade receivables | 40 | €35,907,181 | €40,339,555 | +€4.4m | +12.3% |
| Other amounts receivable | 41 | €4,012,583 | €11,968,063 | +€8.0m | +198.3% |
| Current investments | 50/53 | €500,828 | €593,900 | +€93,072 | +18.6% |
| Other investments | 51/53 | €500,828 | €593,900 | +€93,072 | +18.6% |
| Cash at bank and in hand | 54/58 | €17,768,358 | €16,899,693 | -€868,665 | -4.9% |
| Deferred charges and accrued income | 490/1 | €148,251 | €260,848 | +€112,597 | +76.0% |
| Total equity and liabilities | 10/49 | €70,260,039 | €83,538,977 | +€13.3m | +18.9% |
| Equity | 10/15 | €13,457,765 | €21,105,670 | +€7.6m | +56.8% |
| Contributions | 10/11 | €2,860,000 | €2,860,000 | = | 0.0% |
| Capital | 10 | €2,860,000 | €2,860,000 | = | 0.0% |
| Issued capital | 100 | €2,860,000 | €2,860,000 | = | 0.0% |
| Reserves | 13 | €548,170 | €548,170 | = | 0.0% |
| Non-distributable reserves | 130/1 | €303,139 | €303,139 | = | 0.0% |
| Legal reserve | 130 | €286,000 | €286,000 | = | 0.0% |
| Other | 1319 | €17,139 | €17,139 | = | 0.0% |
| Tax-exempt reserves | 132 | €245,031 | €245,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,049,595 | €17,697,500 | +€7.6m | +76.1% |
| Provisions and deferred taxes | 16 | €5,668,995 | €5,197,873 | -€471,123 | -8.3% |
| Provisions for liabilities and charges | 160/5 | €5,668,995 | €5,197,873 | -€471,123 | -8.3% |
| Pensions and similar obligations | 160 | €79,696 | €79,696 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,589,299 | €5,118,176 | -€471,123 | -8.4% |
| Amounts payable | 17/49 | €51,133,278 | €57,235,434 | +€6.1m | +11.9% |
| Amounts payable after more than one year | 17 | €1,102,069 | €3,137,263 | +€2.0m | +184.7% |
| Financial debts | 170/4 | €1,102,069 | €3,137,263 | +€2.0m | +184.7% |
| Leasing and similar obligations | 172 | €1,102,069 | €3,137,263 | +€2.0m | +184.7% |
| Amounts payable within one year | 42/48 | €45,812,338 | €48,754,816 | +€2.9m | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €428,682 | €1,385,747 | +€957,065 | +223.3% |
| Trade debts | 44 | €32,838,127 | €31,794,943 | -€1.0m | -3.2% |
| Suppliers | 440/4 | €32,838,127 | €31,794,943 | -€1.0m | -3.2% |
| Advances received on contracts in progress | 46 | €6,674,001 | €8,577,483 | +€1.9m | +28.5% |
| Taxes, remuneration and social security | 45 | €3,236,129 | €3,143,231 | -€92,898 | -2.9% |
| Taxes | 450/3 | €1,075,570 | €525,772 | -€549,798 | -51.1% |
| Remuneration and social security | 454/9 | €2,160,558 | €2,617,459 | +€456,900 | +21.1% |
| Other amounts payable | 47/48 | €2,635,400 | €3,853,412 | +€1.2m | +46.2% |
| Accrued charges and deferred income | 492/3 | €4,218,871 | €5,343,355 | +€1.1m | +26.7% |
| Operating income | 70/76A | €185,727,947 | €126,277,505 | -€59.5m | -32.0% |
| Turnover | 70 | €147,077,913 | €114,100,621 | -€33.0m | -22.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €33,163,963 | €10,225,074 | -€22.9m | -69.2% |
| Other operating income | 74 | €5,486,072 | €1,951,810 | -€3.5m | -64.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €175,519,928 | €115,729,347 | -€59.8m | -34.1% |
| Goods for resale, raw materials and consumables | 60 | €28,504,313 | €15,917,495 | -€12.6m | -44.2% |
| Purchases | 600/8 | €29,900,424 | €16,485,201 | -€13.4m | -44.9% |
| Change in stocks: decrease (increase) | 609 | -€1,396,111 | -€567,706 | +€828,405 | +59.3% |
| Services and other goods | 61 | €93,952,298 | €69,339,588 | -€24.6m | -26.2% |
| Remuneration, social security and pensions | 62 | €49,010,293 | €28,519,529 | -€20.5m | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €994,088 | €1,245,494 | +€251,406 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €890,131 | €123,197 | -€766,934 | -86.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €394,002 | -€471,123 | -€865,125 | |
| Other operating charges | 640/8 | €1,751,946 | €1,051,692 | -€700,254 | -40.0% |
| Non-recurring operating charges | 66A | €22,857 | €3,475 | -€19,383 | -84.8% |
| Operating profit (loss) | 9901 | €10,208,020 | €10,548,158 | +€340,139 | +3.3% |
| Financial income | 75/76B | €284,288 | €131,355 | -€152,933 | -53.8% |
| Recurring financial income | 75 | €284,288 | €131,355 | -€152,933 | -53.8% |
| Income from financial fixed assets | 750 | €13,967 | €7,976 | -€5,990 | -42.9% |
| Income from current assets | 751 | €166,275 | €94,324 | -€71,951 | -43.3% |
| Other financial income | 752/9 | €104,046 | €29,055 | -€74,991 | -72.1% |
| Financial charges | 65/66B | €309,740 | €262,610 | -€47,130 | -15.2% |
| Recurring financial charges | 65 | €244,293 | €262,610 | +€18,316 | +7.5% |
| Debt charges | 650 | €43,014 | €129,795 | +€86,781 | +201.8% |
| Other financial charges | 652/9 | €201,280 | €132,815 | -€68,465 | -34.0% |
| Non-recurring financial charges | 66B | €65,446 | - | -€65,446 | |
| Profit (loss) for the period before taxes | 9903 | €10,182,568 | €10,416,903 | +€234,336 | +2.3% |
| Income taxes | 67/77 | €3,277,156 | €2,768,998 | -€508,158 | -15.5% |
| Taxes | 670/3 | €3,277,156 | €2,903,469 | -€373,687 | -11.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €134,471 | +€134,471 | |
| Profit (loss) for the period | 9904 | €6,905,412 | €7,647,905 | +€742,494 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,905,412 | €7,647,905 | +€742,494 | +10.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.