LTB Atelier: 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.
LTB Atelier
Largest movements
- Receivables within one year +€17,150
up €17,150 (+99.0%), from €17,321 to €34,471
of which Other amounts receivable: +€19,311
- Tangible fixed assets -€3,791
down €3,791 (-98.0%), from €3,870 to €79
of which Furniture and vehicles: -€3,669
- Cash -€3,350
down €3,350 (-97.1%), from €3,450 to €100
mainly Receivables within one year (-€17,150) and Tax, wage and social debts (-€6,046)
- Trade debts +€16,185
up €16,185 (+1210.0%), from €1,338 to €17,523
- Tax, wage and social debts -€6,046
down €6,046 (-69.4%), from €8,710 to €2,664
- Other debts -€2,440
no longer reported in 2025 (was €2,440)
- Short-term financial debts +€2,071
new in 2025: €2,071
- Profit (loss) carried forward +€418
up €418 (+5.2%), from -€8,009 to -€7,592
- Other operating charges -€10,386
down €10,386 (-84.3%), from €12,315 to €1,929
- Gross operating margin -€7,754
down €7,754 (-23.5%), from €32,943 to €25,189
- Depreciation -€3,935
down €3,935 (-50.9%), from €7,726 to €3,791
- Taxes -€2,220
down €2,220 (-96.8%), from €2,293 to €74
- Financial charges +€655
up €655 (+14.9%), from €4,387 to €5,042
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 | €24,938 | €35,232 | +€10,295 | +41.3% |
| Fixed assets | 21/28 | €3,870 | €79 | -€3,791 | -98.0% |
| Tangible fixed assets | 22/27 | €3,870 | €79 | -€3,791 | -98.0% |
| Plant, machinery and equipment | 23 | €201 | €79 | -€122 | -60.8% |
| Furniture and vehicles | 24 | €3,669 | - | -€3,669 | |
| Current assets | 29/58 | €21,068 | €35,154 | +€14,085 | +66.9% |
| Amounts receivable within one year | 40/41 | €17,321 | €34,471 | +€17,150 | +99.0% |
| Trade receivables | 40 | €17,321 | €15,160 | -€2,161 | -12.5% |
| Other amounts receivable | 41 | - | €19,311 | +€19,311 | |
| Cash at bank and in hand | 54/58 | €3,450 | €100 | -€3,350 | -97.1% |
| Deferred charges and accrued income | 490/1 | €298 | €583 | +€285 | +95.9% |
| Total equity and liabilities | 10/49 | €24,938 | €35,232 | +€10,295 | +41.3% |
| Equity | 10/15 | €12,451 | €12,868 | +€418 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,009 | -€7,592 | +€418 | +5.2% |
| Amounts payable | 17/49 | €12,487 | €22,364 | +€9,877 | +79.1% |
| Amounts payable within one year | 42/48 | €12,487 | €22,258 | +€9,770 | +78.2% |
| Financial debts | 43 | - | €2,071 | +€2,071 | |
| Credit institutions | 430/8 | - | €2,071 | +€2,071 | |
| Trade debts | 44 | €1,338 | €17,523 | +€16,185 | +1210.0% |
| Suppliers | 440/4 | €1,338 | €17,523 | +€16,185 | +1210.0% |
| Taxes, remuneration and social security | 45 | €8,710 | €2,664 | -€6,046 | -69.4% |
| Taxes | 450/3 | €8,710 | €2,664 | -€6,046 | -69.4% |
| Other amounts payable | 47/48 | €2,440 | - | -€2,440 | |
| Accrued charges and deferred income | 492/3 | - | €106 | +€106 | |
| Non-recurring operating income | 76A | €10,041 | €4,319 | -€5,723 | -57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,726 | €3,791 | -€3,935 | -50.9% |
| Other operating charges | 640/8 | €12,315 | €1,929 | -€10,386 | -84.3% |
| Non-recurring operating charges | 66A | €649 | €14,359 | +€13,709 | +2111.6% |
| Gross operating margin | 9900 | €32,943 | €25,189 | -€7,754 | -23.5% |
| Operating profit (loss) | 9901 | €12,254 | €5,111 | -€7,143 | -58.3% |
| Financial income | 75/76B | €5 | €422 | +€417 | +7758.8% |
| Recurring financial income | 75 | €5 | €422 | +€417 | +7758.8% |
| Financial charges | 65/66B | €4,387 | €5,042 | +€655 | +14.9% |
| Recurring financial charges | 65 | €4,387 | €5,042 | +€655 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €7,872 | €491 | -€7,381 | -93.8% |
| Income taxes | 67/77 | €2,293 | €74 | -€2,220 | -96.8% |
| Profit (loss) for the period | 9904 | €5,579 | €418 | -€5,161 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,579 | €418 | -€5,161 | -92.5% |
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 10 October 2026 via checked.be.