LTB COOKIE: 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.
LTB COOKIE
Largest movements
- Tangible fixed assets +€33,943
up €33,943 (+9.1%), from €374,995 to €408,938
of which Other tangible fixed assets: +€35,118
- Stocks and contracts +€27,242
new in 2025: €27,242
- Financial fixed assets +€15,882
up €15,882 (+18.4%), from €86,327 to €102,209
- Receivables within one year +€10,702
up €10,702 (+390.3%), from €2,742 to €13,444
of which Other amounts receivable: +€12,641
- Debts after one year +€45,518
up €45,518 (+15.1%), from €301,279 to €346,797
- Other debts +€33,000
up €33,000 (+47.1%), from €70,000 to €103,000
- Profit (loss) carried forward +€32,539
up €32,539 (+10.0%), from -€324,101 to -€291,562
- Tax, wage and social debts -€22,221
down €22,221 (-41.7%), from €53,299 to €31,078
of which Remuneration and social security: -€27,296
- Gross operating margin +€290,165
up €290,165 (+207.1%), from €140,121 to €430,286
- Staff costs +€48,165
up €48,165 (+17.0%), from €283,767 to €331,932
- Financial charges -€12,867
down €12,867 (-41.5%), from €30,972 to €18,105
- Depreciation +€5,320
up €5,320 (+13.0%), from €40,776 to €46,096
- Other operating charges -€4,466
down €4,466 (-73.5%), from €6,080 to €1,614
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 | €520,823 | €609,250 | +€88,427 | +17.0% |
| Fixed assets | 21/28 | €461,322 | €511,147 | +€49,825 | +10.8% |
| Tangible fixed assets | 22/27 | €374,995 | €408,938 | +€33,943 | +9.1% |
| Furniture and vehicles | 24 | €6,724 | €5,549 | -€1,175 | -17.5% |
| Other tangible fixed assets | 26 | €368,271 | €403,389 | +€35,118 | +9.5% |
| Financial fixed assets | 28 | €86,327 | €102,209 | +€15,882 | +18.4% |
| Current assets | 29/58 | €59,501 | €98,103 | +€38,602 | +64.9% |
| Stocks and contracts in progress | 3 | - | €27,242 | +€27,242 | |
| Stocks | 30/36 | - | €27,242 | +€27,242 | |
| Amounts receivable within one year | 40/41 | €2,742 | €13,444 | +€10,702 | +390.3% |
| Trade receivables | 40 | €2,058 | €119 | -€1,939 | -94.2% |
| Other amounts receivable | 41 | €684 | €13,325 | +€12,641 | +1848.1% |
| Cash at bank and in hand | 54/58 | €47,497 | €46,647 | -€850 | -1.8% |
| Deferred charges and accrued income | 490/1 | €9,262 | €10,770 | +€1,508 | +16.3% |
| Total equity and liabilities | 10/49 | €520,823 | €609,250 | +€88,427 | +17.0% |
| Equity | 10/15 | -€164,101 | -€131,562 | +€32,539 | +19.8% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€324,101 | -€291,562 | +€32,539 | +10.0% |
| Amounts payable | 17/49 | €684,924 | €740,812 | +€55,888 | +8.2% |
| Amounts payable after more than one year | 17 | €301,279 | €346,797 | +€45,518 | +15.1% |
| Financial debts | 170/4 | €301,279 | €346,797 | +€45,518 | +15.1% |
| Amounts payable within one year | 42/48 | €383,645 | €394,015 | +€10,370 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €54,554 | €55,689 | +€1,135 | +2.1% |
| Financial debts | 43 | €86,327 | €86,327 | = | 0.0% |
| Credit institutions | 430/8 | €86,327 | €86,327 | = | 0.0% |
| Trade debts | 44 | €119,465 | €117,921 | -€1,544 | -1.3% |
| Suppliers | 440/4 | €118,476 | €117,921 | -€555 | -0.5% |
| Bills of exchange payable | 441 | €989 | - | -€989 | |
| Taxes, remuneration and social security | 45 | €53,299 | €31,078 | -€22,221 | -41.7% |
| Taxes | 450/3 | €4,331 | €9,406 | +€5,075 | +117.2% |
| Remuneration and social security | 454/9 | €48,968 | €21,672 | -€27,296 | -55.7% |
| Other amounts payable | 47/48 | €70,000 | €103,000 | +€33,000 | +47.1% |
| Non-recurring operating income | 76A | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €283,767 | €331,932 | +€48,165 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,776 | €46,096 | +€5,320 | +13.0% |
| Other operating charges | 640/8 | €6,080 | €1,614 | -€4,466 | -73.5% |
| Gross operating margin | 9900 | €140,121 | €430,286 | +€290,165 | +207.1% |
| Operating profit (loss) | 9901 | -€190,502 | €50,644 | +€241,146 | |
| Financial income | 75/76B | €46 | - | -€46 | |
| Recurring financial income | 75 | €46 | - | -€46 | |
| Financial charges | 65/66B | €30,972 | €18,105 | -€12,867 | -41.5% |
| Recurring financial charges | 65 | €30,972 | €18,105 | -€12,867 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | -€221,428 | €32,539 | +€253,967 | |
| Profit (loss) for the period | 9904 | -€221,428 | €32,539 | +€253,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€221,428 | €32,539 | +€253,967 |
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 3 October 2026 via checked.be.