LTA: 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.
LTA
Largest movements
- Tangible fixed assets -€44,683
down €44,683 (-3.7%), from €1.2m to €1.1m
of which Land and buildings: -€41,924
- Current investments +€42,259
up €42,259 (+50.9%), from €83,000 to €125,259
- Receivables within one year +€29,415
up €29,415 (+35.0%), from €83,956 to €113,371
of which Trade receivables: +€41,758
- Cash -€23,184
down €23,184 (-19.2%), from €120,993 to €97,809
mainly Debts after one year (-€64,958) and Contributions, distributions and other (-€57,000)
- Debts after one year -€64,958
down €64,958 (-21.5%), from €302,304 to €237,346
- Reserves +€43,507
up €43,507 (+5.1%), from €848,214 to €891,721
of which Distributable reserves: +€43,507
- Gross operating margin +€12,150
up €12,150 (+3.8%), from €323,042 to €335,192
- Staff costs +€10,393
up €10,393 (+8.4%), from €123,711 to €134,104
- Financial income +€4,857
up €4,857 (+343.0%), from €1,416 to €6,273
- Financial charges +€3,862
up €3,862 (+182.6%), from €2,115 to €5,977
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 | €1,484,276 | €1,484,274 | -€2 | 0.0% |
| Fixed assets | 21/28 | €1,192,518 | €1,147,835 | -€44,683 | -3.7% |
| Tangible fixed assets | 22/27 | €1,192,468 | €1,147,785 | -€44,683 | -3.7% |
| Land and buildings | 22 | €1,181,278 | €1,139,354 | -€41,924 | -3.5% |
| Plant, machinery and equipment | 23 | €11,190 | €8,431 | -€2,759 | -24.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €291,758 | €336,438 | +€44,680 | +15.3% |
| Amounts receivable within one year | 40/41 | €83,956 | €113,371 | +€29,415 | +35.0% |
| Trade receivables | 40 | €71,613 | €113,371 | +€41,758 | +58.3% |
| Other amounts receivable | 41 | €12,343 | €0 | -€12,343 | -100.0% |
| Current investments | 50/53 | €83,000 | €125,259 | +€42,259 | +50.9% |
| Cash at bank and in hand | 54/58 | €120,993 | €97,809 | -€23,184 | -19.2% |
| Deferred charges and accrued income | 490/1 | €3,809 | €0 | -€3,809 | -100.0% |
| Total equity and liabilities | 10/49 | €1,484,276 | €1,484,274 | -€2 | 0.0% |
| Equity | 10/15 | €933,114 | €976,621 | +€43,507 | +4.7% |
| Contributions | 10/11 | €84,900 | €84,900 | = | 0.0% |
| Reserves | 13 | €848,214 | €891,721 | +€43,507 | +5.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €829,464 | €872,971 | +€43,507 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €551,162 | €507,653 | -€43,510 | -7.9% |
| Amounts payable after more than one year | 17 | €302,304 | €237,346 | -€64,958 | -21.5% |
| Financial debts | 170/4 | €302,304 | €237,346 | -€64,958 | -21.5% |
| Amounts payable within one year | 42/48 | €247,408 | €268,856 | +€21,448 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €78,367 | €64,943 | -€13,424 | -17.1% |
| Trade debts | 44 | €84,642 | €94,673 | +€10,031 | +11.9% |
| Suppliers | 440/4 | €84,642 | €94,673 | +€10,031 | +11.9% |
| Taxes, remuneration and social security | 45 | €84,399 | €95,696 | +€11,297 | +13.4% |
| Taxes | 450/3 | €63,340 | €72,960 | +€9,621 | +15.2% |
| Remuneration and social security | 454/9 | €21,059 | €22,736 | +€1,677 | +8.0% |
| Other amounts payable | 47/48 | €0 | €13,544 | +€13,544 | |
| Accrued charges and deferred income | 492/3 | €1,450 | €1,450 | = | 0.0% |
| Non-recurring operating income | 76A | €39,500 | €700 | -€38,800 | -98.2% |
| Remuneration, social security and pensions | 62 | €123,711 | €134,104 | +€10,393 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,903 | €53,160 | +€1,257 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,668 | €4,421 | -€247 | -5.3% |
| Gross operating margin | 9900 | €323,042 | €335,192 | +€12,150 | +3.8% |
| Operating profit (loss) | 9901 | €142,761 | €143,508 | +€747 | +0.5% |
| Financial income | 75/76B | €1,416 | €6,273 | +€4,857 | +343.0% |
| Recurring financial income | 75 | €1,416 | €6,273 | +€4,857 | +343.0% |
| Financial charges | 65/66B | €2,115 | €5,977 | +€3,862 | +182.6% |
| Recurring financial charges | 65 | €2,115 | €5,977 | +€3,862 | +182.6% |
| Profit (loss) for the period before taxes | 9903 | €142,062 | €143,804 | +€1,742 | +1.2% |
| Income taxes | 67/77 | €42,054 | €43,297 | +€1,242 | +3.0% |
| Profit (loss) for the period | 9904 | €100,007 | €100,507 | +€500 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,007 | €100,507 | +€500 | +0.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.