LT INFI: 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.
LT INFI
Largest movements
- Receivables within one year +€23,882
up €23,882 (+44.4%), from €53,751 to €77,633
of which Other amounts receivable: +€24,697
- Cash -€15,388
down €15,388 (-20.8%), from €73,890 to €58,502
mainly Receivables within one year (-€23,882) and Contributions, distributions and other (-€17,800)
- Tangible fixed assets -€2,598
down €2,598 (-54.3%), from €4,784 to €2,186
- Reserves +€8,200
up €8,200 (+8.5%), from €96,660 to €104,860
- Tax, wage and social debts -€4,166
down €4,166 (-12.0%), from €34,639 to €30,473
of which Remuneration and social security: -€4,166
- Other debts -€3,416
down €3,416 (-13.9%), from €24,566 to €21,150
- Trade debts +€2,056
up €2,056 (+699%), from €294 to €2,350
- Gross operating margin -€61,427
down €61,427 (-20.3%), from €303,197 to €241,770
- Staff costs -€34,693
down €34,693 (-14.7%), from €235,654 to €200,961
- Taxes -€5,208
down €5,208 (-31.3%), from €16,648 to €11,440
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 | €166,402 | €170,940 | +€4,538 | +2.7% |
| Fixed assets | 21/28 | €5,164 | €2,566 | -€2,598 | -50.3% |
| Tangible fixed assets | 22/27 | €4,784 | €2,186 | -€2,598 | -54.3% |
| Plant, machinery and equipment | 23 | €534 | €202 | -€332 | -62.2% |
| Furniture and vehicles | 24 | €2,392 | €1,112 | -€1,280 | -53.5% |
| Other tangible fixed assets | 26 | €1,858 | €872 | -€986 | -53.1% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €161,238 | €168,374 | +€7,136 | +4.4% |
| Amounts receivable within one year | 40/41 | €53,751 | €77,633 | +€23,882 | +44.4% |
| Trade receivables | 40 | €1,889 | €1,074 | -€815 | -43.1% |
| Other amounts receivable | 41 | €51,862 | €76,559 | +€24,697 | +47.6% |
| Cash at bank and in hand | 54/58 | €73,890 | €58,502 | -€15,388 | -20.8% |
| Deferred charges and accrued income | 490/1 | €33,597 | €32,239 | -€1,358 | -4.0% |
| Total equity and liabilities | 10/49 | €166,402 | €170,940 | +€4,538 | +2.7% |
| Equity | 10/15 | €105,731 | €114,103 | +€8,372 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,660 | €104,860 | +€8,200 | +8.5% |
| Distributable reserves | 133 | €96,660 | €104,860 | +€8,200 | +8.5% |
| Profit (loss) carried forward | 14 | €2,871 | €3,043 | +€172 | +6.0% |
| Amounts payable | 17/49 | €60,671 | €56,837 | -€3,834 | -6.3% |
| Amounts payable within one year | 42/48 | €59,499 | €53,973 | -€5,526 | -9.3% |
| Trade debts | 44 | €294 | €2,350 | +€2,056 | +699% |
| Suppliers | 440/4 | €294 | €2,350 | +€2,056 | +699% |
| Taxes, remuneration and social security | 45 | €34,639 | €30,473 | -€4,166 | -12.0% |
| Taxes | 450/3 | €4,648 | €4,648 | = | 0.0% |
| Remuneration and social security | 454/9 | €29,991 | €25,825 | -€4,166 | -13.9% |
| Other amounts payable | 47/48 | €24,566 | €21,150 | -€3,416 | -13.9% |
| Accrued charges and deferred income | 492/3 | €1,172 | €2,864 | +€1,692 | +144% |
| Remuneration, social security and pensions | 62 | €235,654 | €200,961 | -€34,693 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,718 | €2,598 | -€120 | -4.4% |
| Other operating charges | 640/8 | €423 | €440 | +€17 | +4.0% |
| Gross operating margin | 9900 | €303,197 | €241,770 | -€61,427 | -20.3% |
| Operating profit (loss) | 9901 | €64,402 | €37,771 | -€26,631 | -41.4% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €496 | €249 | -€247 | -49.8% |
| Recurring financial charges | 65 | €496 | €249 | -€247 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €63,906 | €37,612 | -€26,294 | -41.1% |
| Income taxes | 67/77 | €16,648 | €11,440 | -€5,208 | -31.3% |
| Profit (loss) for the period | 9904 | €47,258 | €26,172 | -€21,086 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,258 | €26,172 | -€21,086 | -44.6% |
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 14 October 2026 via checked.be.