LTB & DANIEL RENOVATION: 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 & DANIEL RENOVATION
Largest movements
- Tangible fixed assets +€38,500
new in 2025: €38,500
- Receivables within one year -€27,538
down €27,538 (-79.1%), from €34,811 to €7,273
of which Trade receivables: -€28,613
- Cash -€8,837
down €8,837 (-24.2%), from €36,446 to €27,609
mainly Investment in fixed assets (net) (-€41,773) and Trade debts (-€19,086)
- Deferred charges and accrued income -€3,738
down €3,738 (-100%), from €3,738 to €0
- Trade debts -€19,086
down €19,086 (-96.7%), from €19,741 to €655
- Debts after one year +€18,296
new in 2025: €18,296
- Accrued charges and deferred income -€7,478
down €7,478 (-100%), from €7,478 to €0
- Profit (loss) carried forward +€7,460
up €7,460 (+29.0%), from €25,743 to €33,203
- Current portion of long-term debt +€4,633
up €4,633 (+386%), from €1,200 to €5,833
- Gross operating margin -€9,609
down €9,609 (-42.3%), from €22,728 to €13,119
- Taxes -€3,374
down €3,374 (-79.1%), from €4,266 to €892
- Depreciation +€3,273
new in 2025: €3,273
- Other operating charges -€972
down €972 (-59.5%), from €1,633 to €661
- Financial charges +€588
up €588 (+241%), from €245 to €833
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.
Derived cash bridge
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 | €74,996 | €73,382 | -€1,613 | -2.2% |
| Fixed assets | 21/28 | - | €38,500 | +€38,500 | |
| Tangible fixed assets | 22/27 | - | €38,500 | +€38,500 | |
| Furniture and vehicles | 24 | - | €38,500 | +€38,500 | |
| Current assets | 29/58 | €74,996 | €34,882 | -€40,113 | -53.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €34,811 | €7,273 | -€27,538 | -79.1% |
| Trade receivables | 40 | €32,199 | €3,586 | -€28,613 | -88.9% |
| Other amounts receivable | 41 | €2,613 | €3,688 | +€1,075 | +41.1% |
| Cash at bank and in hand | 54/58 | €36,446 | €27,609 | -€8,837 | -24.2% |
| Deferred charges and accrued income | 490/1 | €3,738 | €0 | -€3,738 | -100% |
| Total equity and liabilities | 10/49 | €74,996 | €73,382 | -€1,613 | -2.2% |
| Equity | 10/15 | €28,243 | €35,703 | +€7,460 | +26.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,743 | €33,203 | +€7,460 | +29.0% |
| Amounts payable | 17/49 | €46,753 | €37,680 | -€9,073 | -19.4% |
| Amounts payable after more than one year | 17 | - | €18,296 | +€18,296 | |
| Financial debts | 170/4 | - | €18,296 | +€18,296 | |
| Amounts payable within one year | 42/48 | €39,275 | €19,383 | -€19,891 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €1,200 | €5,833 | +€4,633 | +386% |
| Trade debts | 44 | €19,741 | €655 | -€19,086 | -96.7% |
| Suppliers | 440/4 | €19,741 | €655 | -€19,086 | -96.7% |
| Taxes, remuneration and social security | 45 | €2,799 | €632 | -€2,166 | -77.4% |
| Taxes | 450/3 | €799 | €632 | -€166 | -20.8% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €15,535 | €12,263 | -€3,272 | -21.1% |
| Accrued charges and deferred income | 492/3 | €7,478 | €0 | -€7,478 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,273 | +€3,273 | |
| Other operating charges | 640/8 | €1,633 | €661 | -€972 | -59.5% |
| Gross operating margin | 9900 | €22,728 | €13,119 | -€9,609 | -42.3% |
| Operating profit (loss) | 9901 | €21,094 | €9,184 | -€11,910 | -56.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €245 | €833 | +€588 | +241% |
| Recurring financial charges | 65 | €245 | €833 | +€588 | +241% |
| Profit (loss) for the period before taxes | 9903 | €20,850 | €8,351 | -€12,498 | -59.9% |
| Income taxes | 67/77 | €4,266 | €892 | -€3,374 | -79.1% |
| Profit (loss) for the period | 9904 | €16,584 | €7,460 | -€9,124 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,584 | €7,460 | -€9,124 | -55.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.