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
- Receivables within one year +€12,735
up €12,735 (+8.7%), from €147,218 to €159,953
of which Other amounts receivable: +€12,583
- Tangible fixed assets +€6,404
up €6,404 (+508%), from €1,260 to €7,664
of which Furniture and vehicles: +€7,018
- Reserves +€15,254
up €15,254 (+7.4%), from €206,543 to €221,797
- Tax, wage and social debts +€3,325
up €3,325 (+68.2%), from €4,872 to €8,196
- Gross operating margin +€7,287
up €7,287 (+47.3%), from €15,415 to €22,702
- Taxes +€2,397
up €2,397 (+26.9%), from €8,903 to €11,300
- Depreciation +€1,088
up €1,088 (+177%), from €614 to €1,702
- Financial income -€244
down €244 (-2.9%), from €8,299 to €8,055
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 | €275,017 | €292,635 | +€17,618 | +6.4% |
| Fixed assets | 21/28 | €1,260 | €7,664 | +€6,404 | +508% |
| Tangible fixed assets | 22/27 | €1,260 | €7,664 | +€6,404 | +508% |
| Furniture and vehicles | 24 | - | €7,018 | +€7,018 | |
| Other tangible fixed assets | 26 | €1,260 | €646 | -€614 | -48.7% |
| Current assets | 29/58 | €273,757 | €284,972 | +€11,215 | +4.1% |
| Amounts receivable within one year | 40/41 | €147,218 | €159,953 | +€12,735 | +8.7% |
| Trade receivables | 40 | €4,840 | €4,991 | +€151 | +3.1% |
| Other amounts receivable | 41 | €142,378 | €154,962 | +€12,583 | +8.8% |
| Cash at bank and in hand | 54/58 | €124,033 | €123,121 | -€912 | -0.7% |
| Deferred charges and accrued income | 490/1 | €2,505 | €1,898 | -€608 | -24.3% |
| Total equity and liabilities | 10/49 | €275,017 | €292,635 | +€17,618 | +6.4% |
| Equity | 10/15 | €268,443 | €283,697 | +€15,254 | +5.7% |
| Contributions | 10/11 | €61,900 | €61,900 | = | 0.0% |
| Reserves | 13 | €206,543 | €221,797 | +€15,254 | +7.4% |
| Distributable reserves | 133 | €206,543 | €221,797 | +€15,254 | +7.4% |
| Amounts payable | 17/49 | €6,574 | €8,938 | +€2,365 | +36.0% |
| Amounts payable within one year | 42/48 | €6,574 | €8,938 | +€2,365 | +36.0% |
| Trade debts | 44 | €1,702 | €742 | -€960 | -56.4% |
| Suppliers | 440/4 | €1,702 | €742 | -€960 | -56.4% |
| Taxes, remuneration and social security | 45 | €4,872 | €8,196 | +€3,325 | +68.2% |
| Taxes | 450/3 | €4,872 | €8,196 | +€3,325 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614 | €1,702 | +€1,088 | +177% |
| Other operating charges | 640/8 | €2,420 | €2,349 | -€71 | -2.9% |
| Gross operating margin | 9900 | €15,415 | €22,702 | +€7,287 | +47.3% |
| Operating profit (loss) | 9901 | €12,381 | €18,651 | +€6,270 | +50.6% |
| Financial income | 75/76B | €8,299 | €8,055 | -€244 | -2.9% |
| Recurring financial income | 75 | €8,299 | €8,055 | -€244 | -2.9% |
| Financial charges | 65/66B | €181 | €153 | -€28 | -15.4% |
| Recurring financial charges | 65 | €181 | €153 | -€28 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €20,500 | €26,553 | +€6,054 | +29.5% |
| Income taxes | 67/77 | €8,903 | €11,300 | +€2,397 | +26.9% |
| Profit (loss) for the period | 9904 | €11,597 | €15,254 | +€3,657 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,597 | €15,254 | +€3,657 | +31.5% |
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.