LITWAY: what changed
Two financial 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.
LITWAY
Largest movements
- Cash +€26,298
up €26,298 (+19.8%), from €132,709 to €159,007
mainly Net result for the year (+€54,249) and Receivables within one year (+€24,425)
- Receivables within one year -€24,425
down €24,425 (-49.1%), from €49,792 to €25,367
of which Trade receivables: -€22,608
- Tangible fixed assets -€12,886
down €12,886 (-32.4%), from €39,748 to €26,862
of which Furniture and vehicles: -€12,610
- Debts after one year -€10,160
down €10,160 (-43.3%), from €23,452 to €13,291
- Other debts -€9,604
down €9,604 (-5.7%), from €169,229 to €159,625
- Tax, wage and social debts +€5,959
up €5,959 (+50.1%), from €11,896 to €17,855
- Profit (loss) carried forward +€4,249
up €4,249, from €0 to €4,249
- Trade debts -€2,259
down €2,259 (-42.3%), from €5,338 to €3,079
- Gross operating margin -€18,128
down €18,128 (-17.7%), from €102,495 to €84,368
- Taxes -€3,615
down €3,615 (-19.6%), from €18,430 to €14,815
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,672 | €211,659 | -€11,013 | -4.9% |
| Fixed assets | 21/28 | €39,748 | €26,862 | -€12,886 | -32.4% |
| Tangible fixed assets | 22/27 | €39,748 | €26,862 | -€12,886 | -32.4% |
| Furniture and vehicles | 24 | €38,725 | €26,116 | -€12,610 | -32.6% |
| Other tangible fixed assets | 26 | €1,022 | €746 | -€276 | -27.0% |
| Current assets | 29/58 | €182,924 | €184,797 | +€1,873 | +1.0% |
| Amounts receivable within one year | 40/41 | €49,792 | €25,367 | -€24,425 | -49.1% |
| Trade receivables | 40 | €36,219 | €13,611 | -€22,608 | -62.4% |
| Other amounts receivable | 41 | €13,573 | €11,755 | -€1,818 | -13.4% |
| Cash at bank and in hand | 54/58 | €132,709 | €159,007 | +€26,298 | +19.8% |
| Deferred charges and accrued income | 490/1 | €424 | €424 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €222,672 | €211,659 | -€11,013 | -4.9% |
| Equity | 10/15 | €3,000 | €7,249 | +€4,249 | +141.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €4,249 | +€4,249 | |
| Amounts payable | 17/49 | €219,672 | €204,410 | -€15,262 | -6.9% |
| Amounts payable after more than one year | 17 | €23,452 | €13,291 | -€10,160 | -43.3% |
| Financial debts | 170/4 | €23,452 | €13,291 | -€10,160 | -43.3% |
| Amounts payable within one year | 42/48 | €196,221 | €190,719 | -€5,502 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €9,758 | €10,160 | +€402 | +4.1% |
| Trade debts | 44 | €5,338 | €3,079 | -€2,259 | -42.3% |
| Suppliers | 440/4 | €5,338 | €3,079 | -€2,259 | -42.3% |
| Taxes, remuneration and social security | 45 | €11,896 | €17,855 | +€5,959 | +50.1% |
| Taxes | 450/3 | €11,896 | €17,855 | +€5,959 | +50.1% |
| Other amounts payable | 47/48 | €169,229 | €159,625 | -€9,604 | -5.7% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,348 | €12,886 | +€538 | +4.4% |
| Other operating charges | 640/8 | €671 | €576 | -€95 | -14.2% |
| Gross operating margin | 9900 | €102,495 | €84,368 | -€18,128 | -17.7% |
| Operating profit (loss) | 9901 | €89,476 | €70,906 | -€18,570 | -20.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,662 | €1,842 | +€179 | +10.8% |
| Recurring financial charges | 65 | €1,662 | €1,842 | +€179 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €87,814 | €69,064 | -€18,750 | -21.4% |
| Income taxes | 67/77 | €18,430 | €14,815 | -€3,615 | -19.6% |
| Profit (loss) for the period | 9904 | €69,384 | €54,249 | -€15,135 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,384 | €54,249 | -€15,135 | -21.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.