LRN WTS: 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.
LRN WTS
Largest movements
- Receivables within one year -€7,559
down €7,559 (-35.0%), from €21,610 to €14,051
of which Trade receivables: -€6,233
- Deferred charges and accrued income -€2,331
down €2,331 (-96.9%), from €2,406 to €75
- Stocks and contracts +€2,006
up €2,006 (+41.8%), from €4,798 to €6,805
- Cash +€987
up €987 (+37.4%), from €2,636 to €3,623
mainly Receivables within one year (+€7,559) and Deferred charges and accrued income (+€2,331)
- Tangible fixed assets -€453
down €453 (-36.8%), from €1,232 to €779
- Profit (loss) carried forward -€4,142
new in 2025: -€4,142
- Accrued charges and deferred income -€3,140
down €3,140 (-100%), from €3,140 to €0
- Tax, wage and social debts -€494
down €494 (-6.6%), from €7,456 to €6,962
- Trade debts +€426
up €426 (+11.3%), from €3,771 to €4,197
- Gross operating margin -€26,647
down €26,647, from €23,317 to -€3,330
- Taxes -€4,799
down €4,799 (-100%), from €4,799 to €0
- Depreciation +€326
up €326 (+255%), from €127 to €453
- Other operating charges -€309
down €309 (-72.0%), from €429 to €120
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 | €32,682 | €25,332 | -€7,350 | -22.5% |
| Fixed assets | 21/28 | €1,232 | €779 | -€453 | -36.8% |
| Tangible fixed assets | 22/27 | €1,232 | €779 | -€453 | -36.8% |
| Plant, machinery and equipment | 23 | €1,232 | €779 | -€453 | -36.8% |
| Current assets | 29/58 | €31,450 | €24,554 | -€6,897 | -21.9% |
| Stocks and contracts in progress | 3 | €4,798 | €6,805 | +€2,006 | +41.8% |
| Stocks | 30/36 | €4,798 | €6,805 | +€2,006 | +41.8% |
| Amounts receivable within one year | 40/41 | €21,610 | €14,051 | -€7,559 | -35.0% |
| Trade receivables | 40 | €19,648 | €13,415 | -€6,233 | -31.7% |
| Other amounts receivable | 41 | €1,962 | €636 | -€1,326 | -67.6% |
| Cash at bank and in hand | 54/58 | €2,636 | €3,623 | +€987 | +37.4% |
| Deferred charges and accrued income | 490/1 | €2,406 | €75 | -€2,331 | -96.9% |
| Total equity and liabilities | 10/49 | €32,682 | €25,332 | -€7,350 | -22.5% |
| Equity | 10/15 | €18,315 | €14,173 | -€4,142 | -22.6% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €17,915 | €17,915 | = | 0.0% |
| Distributable reserves | 133 | €17,915 | €17,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,142 | -€4,142 | |
| Amounts payable | 17/49 | €14,367 | €11,159 | -€3,207 | -22.3% |
| Amounts payable within one year | 42/48 | €11,227 | €11,159 | -€68 | -0.6% |
| Trade debts | 44 | €3,771 | €4,197 | +€426 | +11.3% |
| Suppliers | 440/4 | €3,771 | €4,197 | +€426 | +11.3% |
| Taxes, remuneration and social security | 45 | €7,456 | €6,962 | -€494 | -6.6% |
| Taxes | 450/3 | €7,456 | €6,962 | -€494 | -6.6% |
| Accrued charges and deferred income | 492/3 | €3,140 | €0 | -€3,140 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127 | €453 | +€326 | +255% |
| Other operating charges | 640/8 | €429 | €120 | -€309 | -72.0% |
| Gross operating margin | 9900 | €23,317 | -€3,330 | -€26,647 | |
| Operating profit (loss) | 9901 | €22,761 | -€3,903 | -€26,664 | |
| Financial charges | 65/66B | €47 | €239 | +€192 | +411% |
| Recurring financial charges | 65 | €47 | €239 | +€192 | +411% |
| Profit (loss) for the period before taxes | 9903 | €22,714 | -€4,142 | -€26,856 | |
| Income taxes | 67/77 | €4,799 | €0 | -€4,799 | -100% |
| Profit (loss) for the period | 9904 | €17,915 | -€4,142 | -€22,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,915 | -€4,142 | -€22,057 |
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 18 October 2026 via checked.be.