LT2: 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.
LT2
Largest movements
- Receivables within one year -€18,015
down €18,015 (-76.6%), from €23,515 to €5,500
of which Other amounts receivable: -€10,000
- Cash -€3,020
down €3,020 (-93.8%), from €3,218 to €198
mainly Debts after one year (-€20,576) and Net result for the year (-€15,037)
- Debts after one year -€20,576
down €20,576 (-17.0%), from €120,765 to €100,189
- Profit (loss) carried forward -€15,037
down €15,037 (-128%), from -€11,746 to -€26,783
- Other debts +€13,098
up €13,098 (+56.9%), from €23,000 to €36,098
- Financial charges +€3,572
up €3,572 (+148%), from €2,421 to €5,993
- Gross operating margin +€1,022
up €1,022 (+16.7%), from -€6,132 to -€5,109
- Staff costs +€781
up €781 (+28.3%), from €2,756 to €3,537
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 | €161,029 | €139,993 | -€21,036 | -13.1% |
| Fixed assets | 21/28 | €134,295 | €134,295 | = | 0.0% |
| Financial fixed assets | 28 | €134,295 | €134,295 | = | 0.0% |
| Current assets | 29/58 | €26,734 | €5,698 | -€21,036 | -78.7% |
| Amounts receivable within one year | 40/41 | €23,515 | €5,500 | -€18,015 | -76.6% |
| Trade receivables | 40 | €13,515 | €5,500 | -€8,015 | -59.3% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €3,218 | €198 | -€3,020 | -93.8% |
| Total equity and liabilities | 10/49 | €161,029 | €139,993 | -€21,036 | -13.1% |
| Equity | 10/15 | -€9,746 | -€24,783 | -€15,037 | -154% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,746 | -€26,783 | -€15,037 | -128% |
| Amounts payable | 17/49 | €170,775 | €164,777 | -€5,998 | -3.5% |
| Amounts payable after more than one year | 17 | €120,765 | €100,189 | -€20,576 | -17.0% |
| Financial debts | 170/4 | €120,765 | €100,189 | -€20,576 | -17.0% |
| Amounts payable within one year | 42/48 | €50,010 | €64,588 | +€14,578 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €23,859 | €24,778 | +€919 | +3.9% |
| Trade debts | 44 | €721 | €2,114 | +€1,392 | +193% |
| Suppliers | 440/4 | €721 | €2,114 | +€1,392 | +193% |
| Taxes, remuneration and social security | 45 | €2,430 | €1,598 | -€832 | -34.2% |
| Taxes | 450/3 | €2,152 | €1,579 | -€573 | -26.6% |
| Remuneration and social security | 454/9 | €278 | €19 | -€258 | -93.0% |
| Other amounts payable | 47/48 | €23,000 | €36,098 | +€13,098 | +56.9% |
| Remuneration, social security and pensions | 62 | €2,756 | €3,537 | +€781 | +28.3% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | -€6,132 | -€5,109 | +€1,022 | +16.7% |
| Operating profit (loss) | 9901 | -€9,325 | -€9,046 | +€279 | +3.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,421 | €5,993 | +€3,572 | +148% |
| Recurring financial charges | 65 | €2,421 | €5,993 | +€3,572 | +148% |
| Profit (loss) for the period before taxes | 9903 | -€11,746 | -€15,037 | -€3,291 | -28.0% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€11,746 | -€15,037 | -€3,291 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,746 | -€15,037 | -€3,291 | -28.0% |
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 15 October 2026 via checked.be.