LT TRADING: 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 TRADING
Largest movements
- Tangible fixed assets +€505,542
up €505,542 (+61.1%), from €827,135 to €1.3m
of which Land and buildings: +€512,759
- Receivables within one year +€205,497
up €205,497 (+822.0%), from €25,000 to €230,497
of which Other amounts receivable: +€187,604
- Cash -€183,866
down €183,866 (-97.6%), from €188,449 to €4,582
mainly Investment in fixed assets (net) (-€512,759) and Receivables within one year (-€205,497)
- Other debts +€328,758
up €328,758 (+75.5%), from €435,586 to €764,345
- Debts after one year +€180,881
up €180,881 (+31.7%), from €570,205 to €751,085
of which Financial debts: +€180,881
- Profit (loss) carried forward -€36,830
down €36,830, from €1,485 to -€35,345
- Trade debts +€30,774
up €30,774 (+3790.3%), from €812 to €31,586
- Current portion of long-term debt +€19,081
up €19,081 (+256.5%), from €7,439 to €26,520
- Gross operating margin -€69,041
down €69,041 (-57.3%), from €120,505 to €51,464
- Staff costs +€17,618
up €17,618 (+181.8%), from €9,692 to €27,309
- Financial charges +€13,000
up €13,000 (+35.6%), from €36,537 to €49,537
- Other operating charges +€1,950
up €1,950 (+52.7%), from €3,704 to €5,654
- Taxes -€1,713
down €1,713 (-89.7%), from €1,910 to €197
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 | €1,040,583 | €1,567,756 | +€527,173 | +50.7% |
| Fixed assets | 21/28 | €827,135 | €1,332,677 | +€505,542 | +61.1% |
| Tangible fixed assets | 22/27 | €827,135 | €1,332,677 | +€505,542 | +61.1% |
| Land and buildings | 22 | €805,859 | €1,318,619 | +€512,759 | +63.6% |
| Furniture and vehicles | 24 | €21,275 | €14,058 | -€7,217 | -33.9% |
| Current assets | 29/58 | €213,449 | €235,080 | +€21,631 | +10.1% |
| Amounts receivable within one year | 40/41 | €25,000 | €230,497 | +€205,497 | +822.0% |
| Trade receivables | 40 | €5,000 | €22,894 | +€17,894 | +357.9% |
| Other amounts receivable | 41 | €20,000 | €207,604 | +€187,604 | +938.0% |
| Cash at bank and in hand | 54/58 | €188,449 | €4,582 | -€183,866 | -97.6% |
| Total equity and liabilities | 10/49 | €1,040,583 | €1,567,756 | +€527,173 | +50.7% |
| Equity | 10/15 | €21,485 | -€15,345 | -€36,830 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,485 | -€35,345 | -€36,830 | |
| Amounts payable | 17/49 | €1,019,098 | €1,583,102 | +€564,003 | +55.3% |
| Amounts payable after more than one year | 17 | €570,205 | €751,085 | +€180,881 | +31.7% |
| Financial debts | 170/4 | €567,640 | €748,520 | +€180,881 | +31.9% |
| Other amounts payable | 178/9 | €2,565 | €2,565 | = | 0.0% |
| Amounts payable within one year | 42/48 | €448,894 | €832,017 | +€383,123 | +85.3% |
| Current portion of amounts payable after more than one year | 42 | €7,439 | €26,520 | +€19,081 | +256.5% |
| Trade debts | 44 | €812 | €31,586 | +€30,774 | +3790.3% |
| Suppliers | 440/4 | €812 | €31,586 | +€30,774 | +3790.3% |
| Taxes, remuneration and social security | 45 | €5,057 | €9,566 | +€4,509 | +89.2% |
| Taxes | 450/3 | €1,884 | €247 | -€1,637 | -86.9% |
| Remuneration and social security | 454/9 | €3,174 | €9,320 | +€6,146 | +193.6% |
| Other amounts payable | 47/48 | €435,586 | €764,345 | +€328,758 | +75.5% |
| Remuneration, social security and pensions | 62 | €9,692 | €27,309 | +€17,618 | +181.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,217 | €7,217 | = | 0.0% |
| Other operating charges | 640/8 | €3,704 | €5,654 | +€1,950 | +52.7% |
| Gross operating margin | 9900 | €120,505 | €51,464 | -€69,041 | -57.3% |
| Operating profit (loss) | 9901 | €99,893 | €11,284 | -€88,609 | -88.7% |
| Financial income | 75/76B | €30 | €1,619 | +€1,589 | +5284.8% |
| Recurring financial income | 75 | €30 | €1,619 | +€1,589 | +5284.8% |
| Financial charges | 65/66B | €36,537 | €49,537 | +€13,000 | +35.6% |
| Recurring financial charges | 65 | €36,537 | €49,537 | +€13,000 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €63,386 | -€36,634 | -€100,019 | |
| Income taxes | 67/77 | €1,910 | €197 | -€1,713 | -89.7% |
| Profit (loss) for the period | 9904 | €61,476 | -€36,830 | -€98,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,476 | -€36,830 | -€98,306 |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.