LLTS: 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.
LLTS
Largest movements
- Cash -€26,135
down €26,135 (-15.7%), from €166,330 to €140,195
mainly Debts after one year (-€137,696) and Tax, wage and social debts (-€4,163)
- Tangible fixed assets -€16,723
down €16,723 (-33.7%), from €49,642 to €32,919
of which Leasing and similar rights: -€17,184
- Debts after one year -€137,696
down €137,696 (-14.7%), from €939,225 to €801,528
- Reserves +€73,771
up €73,771 (+40.5%), from €181,963 to €255,735
- Gross operating margin -€47,071
down €47,071 (-25.7%), from €182,894 to €135,824
- Taxes -€11,415
down €11,415 (-30.3%), from €37,718 to €26,303
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 | €1,262,337 | €1,207,017 | -€55,320 | -4.4% |
| Fixed assets | 21/28 | €1,059,894 | €1,043,171 | -€16,723 | -1.6% |
| Tangible fixed assets | 22/27 | €49,642 | €32,919 | -€16,723 | -33.7% |
| Plant, machinery and equipment | 23 | €260 | €0 | -€260 | -100.0% |
| Furniture and vehicles | 24 | €485 | €1,940 | +€1,455 | +299.9% |
| Leasing and similar rights | 25 | €48,163 | €30,979 | -€17,184 | -35.7% |
| Other tangible fixed assets | 26 | €734 | €0 | -€734 | -100.0% |
| Financial fixed assets | 28 | €1,010,252 | €1,010,252 | = | 0.0% |
| Current assets | 29/58 | €202,443 | €163,846 | -€38,597 | -19.1% |
| Amounts receivable within one year | 40/41 | €34,317 | €21,810 | -€12,507 | -36.4% |
| Trade receivables | 40 | €33,417 | €20,613 | -€12,803 | -38.3% |
| Other amounts receivable | 41 | €901 | €1,197 | +€296 | +32.9% |
| Cash at bank and in hand | 54/58 | €166,330 | €140,195 | -€26,135 | -15.7% |
| Deferred charges and accrued income | 490/1 | €1,796 | €1,841 | +€45 | +2.5% |
| Total equity and liabilities | 10/49 | €1,262,337 | €1,207,017 | -€55,320 | -4.4% |
| Equity | 10/15 | €183,463 | €257,235 | +€73,771 | +40.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €181,963 | €255,735 | +€73,771 | +40.5% |
| Distributable reserves | 133 | €181,963 | €255,735 | +€73,771 | +40.5% |
| Amounts payable | 17/49 | €1,078,874 | €949,783 | -€129,091 | -12.0% |
| Amounts payable after more than one year | 17 | €939,225 | €801,528 | -€137,696 | -14.7% |
| Financial debts | 170/4 | €939,225 | €801,528 | -€137,696 | -14.7% |
| Amounts payable within one year | 42/48 | €139,523 | €148,126 | +€8,603 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €125,657 | €137,696 | +€12,039 | +9.6% |
| Trade debts | 44 | €1,129 | €460 | -€668 | -59.2% |
| Suppliers | 440/4 | €1,129 | €460 | -€668 | -59.2% |
| Taxes, remuneration and social security | 45 | €12,506 | €8,343 | -€4,163 | -33.3% |
| Taxes | 450/3 | €10,006 | €8,343 | -€1,663 | -16.6% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €232 | €1,626 | +€1,395 | +601.9% |
| Accrued charges and deferred income | 492/3 | €126 | €128 | +€3 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,721 | €18,698 | -€1,024 | -5.2% |
| Other operating charges | 640/8 | €2,684 | €3,373 | +€688 | +25.6% |
| Gross operating margin | 9900 | €182,894 | €135,824 | -€47,071 | -25.7% |
| Operating profit (loss) | 9901 | €160,489 | €113,753 | -€46,735 | -29.1% |
| Financial income | 75/76B | €232 | - | -€232 | |
| Recurring financial income | 75 | €232 | - | -€232 | |
| Financial charges | 65/66B | €14,833 | €13,679 | -€1,155 | -7.8% |
| Recurring financial charges | 65 | €14,833 | €13,679 | -€1,155 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €145,887 | €100,074 | -€45,813 | -31.4% |
| Income taxes | 67/77 | €37,718 | €26,303 | -€11,415 | -30.3% |
| Profit (loss) for the period | 9904 | €108,169 | €73,771 | -€34,398 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,169 | €73,771 | -€34,398 | -31.8% |
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 10 October 2026 via checked.be.