LTB: what changed
LTB
Largest movements
- Stocks and contracts +€268,271
up €268,271 (+873%), from €30,733 to €299,004
- Receivables within one year -€63,500
down €63,500 (-51.6%), from €123,079 to €59,579
of which Trade receivables: -€119,615
- Cash -€20,799
down €20,799 (-72.7%), from €28,603 to €7,804
mainly Stocks and contracts (-€268,271) and Advances received (-€126,643)
- Trade debts +€311,475
up €311,475 (+6,869%), from €4,534 to €316,009
- Advances received -€126,643
no longer reported in 2024 (was €126,643)
- Profit (loss) carried forward -€79,192
down €79,192, from €27,667 to -€51,526
- Tax, wage and social debts +€62,707
up €62,707 (+348%), from €18,008 to €80,716
of which Taxes: +€58,745
- Accrued charges and deferred income +€9,654
new in 2024: €9,654
- Gross operating margin -€100,714
down €100,714, from €100,003 to -€712
- Taxes -€10,483
no longer reported in 2024 (was €10,483)
- Financial charges +€8,069
up €8,069 (+10,154%), from €79 to €8,148
- Staff costs +€7,239
up €7,239 (+12.0%), from €60,483 to €67,722
- Other operating charges +€1,318
up €1,318 (+102%), from €1,292 to €2,610
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,414 | €366,977 | +€184,562 | +101% |
| Current assets | 29/58 | €182,414 | €366,977 | +€184,562 | +101% |
| Stocks and contracts in progress | 3 | €30,733 | €299,004 | +€268,271 | +873% |
| Stocks | 30/36 | €30,733 | €299,004 | +€268,271 | +873% |
| Amounts receivable within one year | 40/41 | €123,079 | €59,579 | -€63,500 | -51.6% |
| Trade receivables | 40 | €119,615 | - | -€119,615 | |
| Other amounts receivable | 41 | €3,464 | €59,579 | +€56,116 | +1,620% |
| Cash at bank and in hand | 54/58 | €28,603 | €7,804 | -€20,799 | -72.7% |
| Deferred charges and accrued income | 490/1 | - | €590 | +€590 | |
| Total equity and liabilities | 10/49 | €182,414 | €366,977 | +€184,562 | +101% |
| Equity | 10/15 | €31,667 | -€47,526 | -€79,192 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,667 | -€51,526 | -€79,192 | |
| Amounts payable | 17/49 | €150,748 | €414,502 | +€263,755 | +175% |
| Amounts payable within one year | 42/48 | €150,748 | €404,848 | +€254,101 | +169% |
| Trade debts | 44 | €4,534 | €316,009 | +€311,475 | +6,869% |
| Suppliers | 440/4 | €4,534 | €316,009 | +€311,475 | +6,869% |
| Advances received on contracts in progress | 46 | €126,643 | - | -€126,643 | |
| Taxes, remuneration and social security | 45 | €18,008 | €80,716 | +€62,707 | +348% |
| Taxes | 450/3 | €11,433 | €70,178 | +€58,745 | +514% |
| Remuneration and social security | 454/9 | €6,575 | €10,537 | +€3,962 | +60.3% |
| Other amounts payable | 47/48 | €1,563 | €8,123 | +€6,561 | +420% |
| Accrued charges and deferred income | 492/3 | - | €9,654 | +€9,654 | |
| Remuneration, social security and pensions | 62 | €60,483 | €67,722 | +€7,239 | +12.0% |
| Other operating charges | 640/8 | €1,292 | €2,610 | +€1,318 | +102% |
| Gross operating margin | 9900 | €100,003 | -€712 | -€100,714 | |
| Operating profit (loss) | 9901 | €38,228 | -€71,044 | -€109,272 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €79 | €8,148 | +€8,069 | +10,154% |
| Recurring financial charges | 65 | €79 | €8,148 | +€8,069 | +10,154% |
| Profit (loss) for the period before taxes | 9903 | €38,150 | -€79,192 | -€117,342 | |
| Income taxes | 67/77 | €10,483 | - | -€10,483 | |
| Profit (loss) for the period | 9904 | €27,667 | -€79,192 | -€106,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,667 | -€79,192 | -€106,859 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.