LT&S Corporate: 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&S Corporate
Largest movements
- Cash -€33,032
down €33,032 (-33.5%), from €98,577 to €65,546
mainly Net result for the year (-€31,848) and Accrued charges and deferred income (-€2,400)
- Tangible fixed assets -€2,540
down €2,540 (-60.7%), from €4,184 to €1,644
of which Furniture and vehicles: -€2,498
- Profit (loss) carried forward -€31,848
down €31,848 (-62.2%), from €51,217 to €19,369
- Accrued charges and deferred income -€2,400
down €2,400 (-7.1%), from €33,600 to €31,200
- Trade debts -€1,982
down €1,982 (-98.3%), from €2,017 to €35
- Depreciation -€521
down €521 (-17.0%), from €3,061 to €2,540
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 | €102,860 | €67,549 | -€35,312 | -34.3% |
| Fixed assets | 21/28 | €4,184 | €1,644 | -€2,540 | -60.7% |
| Tangible fixed assets | 22/27 | €4,184 | €1,644 | -€2,540 | -60.7% |
| Furniture and vehicles | 24 | €4,142 | €1,644 | -€2,498 | -60.3% |
| Leasing and similar rights | 25 | €42 | - | -€42 | |
| Current assets | 29/58 | €98,676 | €65,905 | -€32,771 | -33.2% |
| Amounts receivable within one year | 40/41 | €99 | €359 | +€260 | +263% |
| Trade receivables | 40 | - | €105 | +€105 | |
| Other amounts receivable | 41 | €99 | €254 | +€155 | +157% |
| Cash at bank and in hand | 54/58 | €98,577 | €65,546 | -€33,032 | -33.5% |
| Total equity and liabilities | 10/49 | €102,860 | €67,549 | -€35,312 | -34.3% |
| Equity | 10/15 | €57,417 | €25,569 | -€31,848 | -55.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,217 | €19,369 | -€31,848 | -62.2% |
| Provisions and deferred taxes | 16 | €2,000 | €2,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,000 | €2,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €43,444 | €39,980 | -€3,464 | -8.0% |
| Amounts payable within one year | 42/48 | €9,844 | €8,780 | -€1,064 | -10.8% |
| Financial debts | 43 | €39 | €37 | -€2 | -5.0% |
| Credit institutions | 430/8 | €39 | €37 | -€2 | -5.0% |
| Trade debts | 44 | €2,017 | €35 | -€1,982 | -98.3% |
| Suppliers | 440/4 | €2,017 | €35 | -€1,982 | -98.3% |
| Other amounts payable | 47/48 | €7,788 | €8,708 | +€920 | +11.8% |
| Accrued charges and deferred income | 492/3 | €33,600 | €31,200 | -€2,400 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,061 | €2,540 | -€521 | -17.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€28,671 | -€28,806 | -€135 | -0.5% |
| Operating profit (loss) | 9901 | -€32,119 | -€31,746 | +€373 | +1.2% |
| Financial income | 75/76B | €13 | €4 | -€9 | -71.9% |
| Recurring financial income | 75 | €13 | €4 | -€9 | -71.9% |
| Financial charges | 65/66B | €100 | €105 | +€5 | +5.3% |
| Recurring financial charges | 65 | €100 | €105 | +€5 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,206 | -€31,848 | +€358 | +1.1% |
| Profit (loss) for the period | 9904 | -€32,206 | -€31,848 | +€358 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,206 | -€31,848 | +€358 | +1.1% |
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 22 October 2026 via checked.be.