LLYTANA: 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.
LLYTANA
Largest movements
- Stocks and contracts +€613,612
up €613,612 (+139%), from €442,403 to €1.1m
- Receivables within one year -€188,104
down €188,104 (-70.7%), from €265,890 to €77,786
of which Other amounts receivable: -€192,629
- Tangible fixed assets -€18,963
down €18,963 (-8.2%), from €230,392 to €211,429
- Short-term financial debts +€750,000
up €750,000 (+1,154%), from €65,000 to €815,000
- Debts after one year -€263,432
down €263,432 (-92.5%), from €284,925 to €21,493
- Reserves -€60,039
down €60,039 (-15.2%), from €395,164 to €335,125
of which Distributable reserves: -€50,060
- Trade debts +€17,734
up €17,734 (+1,038%), from €1,708 to €19,442
- Other debts -€15,613
down €15,613 (-44.4%), from €35,192 to €19,579
- Staff costs +€77,498
up €77,498 (+54.2%), from €142,938 to €220,436
- Gross operating margin -€69,620
down €69,620 (-22.6%), from €307,695 to €238,075
- Taxes -€19,024
no longer reported in 2025 (was €19,024)
- Other operating charges +€13,846
up €13,846 (+45.9%), from €30,137 to €43,983
- Financial charges +€13,254
up €13,254 (+134%), from €9,891 to €23,145
of which Financial charges: +€13,285
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.
Derived cash bridge
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 | €951,655 | €1,360,005 | +€408,350 | +42.9% |
| Fixed assets | 21/28 | €231,142 | €212,179 | -€18,963 | -8.2% |
| Tangible fixed assets | 22/27 | €230,392 | €211,429 | -€18,963 | -8.2% |
| Land and buildings | 22 | €230,392 | €211,429 | -€18,963 | -8.2% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €720,512 | €1,147,826 | +€427,314 | +59.3% |
| Stocks and contracts in progress | 3 | €442,403 | €1,056,015 | +€613,612 | +139% |
| Stocks | 30/36 | €442,403 | €1,056,015 | +€613,612 | +139% |
| Amounts receivable within one year | 40/41 | €265,890 | €77,786 | -€188,104 | -70.7% |
| Trade receivables | 40 | €50,405 | €54,931 | +€4,526 | +9.0% |
| Other amounts receivable | 41 | €215,485 | €22,855 | -€192,629 | -89.4% |
| Cash at bank and in hand | 54/58 | €5,981 | €7,629 | +€1,649 | +27.6% |
| Deferred charges and accrued income | 490/1 | €6,238 | €6,395 | +€157 | +2.5% |
| Total equity and liabilities | 10/49 | €951,655 | €1,360,005 | +€408,350 | +42.9% |
| Equity | 10/15 | €470,006 | €409,967 | -€60,039 | -12.8% |
| Contributions | 10/11 | €74,842 | €74,842 | = | 0.0% |
| Capital | 10 | €74,842 | €74,842 | = | 0.0% |
| Issued capital | 100 | €74,842 | €74,842 | = | 0.0% |
| Reserves | 13 | €395,164 | €335,125 | -€60,039 | -15.2% |
| Non-distributable reserves | 130/1 | €7,484 | €7,484 | = | 0.0% |
| Legal reserve | 130 | €7,484 | €7,484 | = | 0.0% |
| Tax-exempt reserves | 132 | €104,957 | €94,978 | -€9,979 | -9.5% |
| Distributable reserves | 133 | €282,723 | €232,663 | -€50,060 | -17.7% |
| Provisions and deferred taxes | 16 | €54,045 | €48,906 | -€5,139 | -9.5% |
| Deferred taxes | 168 | €54,045 | €48,906 | -€5,139 | -9.5% |
| Amounts payable | 17/49 | €427,604 | €901,131 | +€473,527 | +111% |
| Amounts payable after more than one year | 17 | €284,925 | €21,493 | -€263,432 | -92.5% |
| Financial debts | 170/4 | €284,925 | €21,493 | -€263,432 | -92.5% |
| Amounts payable within one year | 42/48 | €142,679 | €879,638 | +€736,959 | +517% |
| Current portion of amounts payable after more than one year | 42 | €15,075 | €1,251 | -€13,824 | -91.7% |
| Financial debts | 43 | €65,000 | €815,000 | +€750,000 | +1,154% |
| Credit institutions | 430/8 | €65,000 | €815,000 | +€750,000 | +1,154% |
| Trade debts | 44 | €1,708 | €19,442 | +€17,734 | +1,038% |
| Suppliers | 440/4 | €1,708 | €19,442 | +€17,734 | +1,038% |
| Taxes, remuneration and social security | 45 | €25,704 | €24,367 | -€1,337 | -5.2% |
| Taxes | 450/3 | €21,399 | €20,279 | -€1,120 | -5.2% |
| Remuneration and social security | 454/9 | €4,305 | €4,087 | -€217 | -5.0% |
| Other amounts payable | 47/48 | €35,192 | €19,579 | -€15,613 | -44.4% |
| Non-recurring operating income | 76A | €122,922 | - | -€122,922 | |
| Remuneration, social security and pensions | 62 | €142,938 | €220,436 | +€77,498 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,667 | €18,963 | -€3,704 | -16.3% |
| Other operating charges | 640/8 | €30,137 | €43,983 | +€13,846 | +45.9% |
| Non-recurring operating charges | 66A | €2,440 | - | -€2,440 | |
| Gross operating margin | 9900 | €307,695 | €238,075 | -€69,620 | -22.6% |
| Operating profit (loss) | 9901 | €109,512 | -€45,308 | -€154,820 | |
| Financial income | 75/76B | - | €3,275 | +€3,275 | |
| Recurring financial income | 75 | - | €3,275 | +€3,275 | |
| Financial charges | 65/66B | €9,891 | €23,145 | +€13,254 | +134% |
| Recurring financial charges | 65 | €9,860 | €23,145 | +€13,285 | +135% |
| Non-recurring financial charges | 66B | €31 | - | -€31 | |
| Profit (loss) for the period before taxes | 9903 | €99,621 | -€65,177 | -€164,799 | |
| Transfer from deferred taxes | 780 | €5,139 | €5,139 | = | 0.0% |
| Income taxes | 67/77 | €19,024 | - | -€19,024 | |
| Profit (loss) for the period | 9904 | €85,736 | -€60,039 | -€145,774 | |
| Transfer from tax-exempt reserves | 789 | €9,979 | €9,979 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,715 | -€50,060 | -€145,774 |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.