LTA EVENTS: what changed
Two fiscal 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 EVENTS
Largest movements
- Tangible fixed assets -€12,685
down €12,685 (-38.2%), from €33,180 to €20,495
of which Furniture and vehicles: -€11,862
- Cash +€4,440
up €4,440 (+24.1%), from €18,404 to €22,844
mainly Depreciation (+€12,685) and Net result for the year (+€2,304)
- Receivables within one year +€1,035
up €1,035 (+52.4%), from €1,977 to €3,013
- Debts after one year -€11,510
down €11,510 (-59.5%), from €19,336 to €7,827
- Profit (loss) carried forward +€2,304
up €2,304 (+2.6%), from -€88,917 to -€86,613
- Tax, wage and social debts +€783
up €783 (+185.9%), from €421 to €1,204
- Other debts +€687
up €687 (+0.9%), from €77,116 to €77,803
- Gross operating margin +€24,802
up €24,802, from -€8,407 to €16,395
- Depreciation -€940
down €940 (-6.9%), from €13,625 to €12,685
- Other operating charges -€395
down €395 (-36.2%), from €1,090 to €695
- Financial charges -€258
down €258 (-26.6%), from €969 to €711
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 | €54,461 | €47,047 | -€7,415 | -13.6% |
| Fixed assets | 21/28 | €33,180 | €20,495 | -€12,685 | -38.2% |
| Tangible fixed assets | 22/27 | €33,180 | €20,495 | -€12,685 | -38.2% |
| Furniture and vehicles | 24 | €30,912 | €19,050 | -€11,862 | -38.4% |
| Other tangible fixed assets | 26 | €2,268 | €1,445 | -€823 | -36.3% |
| Current assets | 29/58 | €21,282 | €26,552 | +€5,270 | +24.8% |
| Amounts receivable within one year | 40/41 | €1,977 | €3,013 | +€1,035 | +52.4% |
| Trade receivables | 40 | €1,977 | €3,013 | +€1,035 | +52.4% |
| Cash at bank and in hand | 54/58 | €18,404 | €22,844 | +€4,440 | +24.1% |
| Deferred charges and accrued income | 490/1 | €900 | €695 | -€205 | -22.8% |
| Total equity and liabilities | 10/49 | €54,461 | €47,047 | -€7,415 | -13.6% |
| Equity | 10/15 | -€54,004 | -€51,700 | +€2,304 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,313 | €16,313 | = | 0.0% |
| Distributable reserves | 133 | €16,313 | €16,313 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,917 | -€86,613 | +€2,304 | +2.6% |
| Amounts payable | 17/49 | €108,466 | €98,747 | -€9,719 | -9.0% |
| Amounts payable after more than one year | 17 | €19,336 | €7,827 | -€11,510 | -59.5% |
| Financial debts | 170/4 | €19,336 | €7,827 | -€11,510 | -59.5% |
| Amounts payable within one year | 42/48 | €89,129 | €90,920 | +€1,791 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €11,239 | €11,510 | +€270 | +2.4% |
| Trade debts | 44 | €352 | €403 | +€51 | +14.4% |
| Suppliers | 440/4 | €352 | €403 | +€51 | +14.4% |
| Taxes, remuneration and social security | 45 | €421 | €1,204 | +€783 | +185.9% |
| Taxes | 450/3 | €421 | €1,204 | +€783 | +185.9% |
| Other amounts payable | 47/48 | €77,116 | €77,803 | +€687 | +0.9% |
| Remuneration, social security and pensions | 62 | €119 | - | -€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,625 | €12,685 | -€940 | -6.9% |
| Other operating charges | 640/8 | €1,090 | €695 | -€395 | -36.2% |
| Gross operating margin | 9900 | -€8,407 | €16,395 | +€24,802 | |
| Operating profit (loss) | 9901 | -€23,241 | €3,016 | +€26,256 | |
| Financial charges | 65/66B | €969 | €711 | -€258 | -26.6% |
| Recurring financial charges | 65 | €969 | €711 | -€258 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,210 | €2,304 | +€26,514 | |
| Profit (loss) for the period | 9904 | -€24,210 | €2,304 | +€26,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,210 | €2,304 | +€26,514 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.