LTC Expert-Comptable: 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.
LTC Expert-Comptable
Largest movements
- Current investments -€52,454
down €52,454 (-51.6%), from €101,704 to €49,250
- Financial fixed assets +€50,000
up €50,000 (+50505.1%), from €99 to €50,099
- Cash +€37,971
up €37,971 (+160.4%), from €23,677 to €61,648
mainly Net result for the year (+€67,887) and Current investments (+€52,454)
- Tangible fixed assets -€3,435
down €3,435 (-29.1%), from €11,793 to €8,359
of which Furniture and vehicles: -€1,754
- Trade debts +€11,985
up €11,985 (+2401.8%), from €499 to €12,484
- Current portion of long-term debt +€8,750
new in 2025: €8,750
- Tax, wage and social debts +€5,041
up €5,041 (+17.9%), from €28,156 to €33,197
of which Taxes: +€8,039
- Other debts +€4,804
up €4,804 (+7.8%), from €61,500 to €66,305
- Staff costs -€7,694
down €7,694 (-33.9%), from €22,693 to €14,999
- Taxes +€3,449
up €3,449 (+20.1%), from €17,146 to €20,595
- Other operating charges -€3,159
down €3,159 (-69.8%), from €4,525 to €1,367
- Financial income +€2,758
up €2,758 (+161.9%), from €1,704 to €4,462
- Gross operating margin -€2,415
down €2,415 (-1.7%), from €145,995 to €143,579
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 | €164,100 | €196,245 | +€32,145 | +19.6% |
| Fixed assets | 21/28 | €11,892 | €58,458 | +€46,565 | +391.6% |
| Tangible fixed assets | 22/27 | €11,793 | €8,359 | -€3,435 | -29.1% |
| Furniture and vehicles | 24 | €6,685 | €4,930 | -€1,754 | -26.2% |
| Other tangible fixed assets | 26 | €5,109 | €3,428 | -€1,680 | -32.9% |
| Financial fixed assets | 28 | €99 | €50,099 | +€50,000 | +50505.1% |
| Current assets | 29/58 | €152,208 | €137,788 | -€14,421 | -9.5% |
| Amounts receivable within one year | 40/41 | €24,040 | €23,952 | -€88 | -0.4% |
| Trade receivables | 40 | €20,482 | €23,952 | +€3,470 | +16.9% |
| Other amounts receivable | 41 | €3,558 | - | -€3,558 | |
| Current investments | 50/53 | €101,704 | €49,250 | -€52,454 | -51.6% |
| Cash at bank and in hand | 54/58 | €23,677 | €61,648 | +€37,971 | +160.4% |
| Deferred charges and accrued income | 490/1 | €2,787 | €2,938 | +€150 | +5.4% |
| Total equity and liabilities | 10/49 | €164,100 | €196,245 | +€32,145 | +19.6% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Provisions and deferred taxes | 16 | €33,101 | €34,662 | +€1,561 | +4.7% |
| Provisions for liabilities and charges | 160/5 | €33,101 | €34,662 | +€1,561 | +4.7% |
| Other liabilities and charges | 164/5 | €33,101 | €34,662 | +€1,561 | +4.7% |
| Amounts payable | 17/49 | €110,540 | €141,123 | +€30,584 | +27.7% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,155 | €120,736 | +€30,581 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,750 | +€8,750 | |
| Trade debts | 44 | €499 | €12,484 | +€11,985 | +2401.8% |
| Suppliers | 440/4 | €499 | €12,484 | +€11,985 | +2401.8% |
| Taxes, remuneration and social security | 45 | €28,156 | €33,197 | +€5,041 | +17.9% |
| Taxes | 450/3 | €25,158 | €33,197 | +€8,039 | +32.0% |
| Remuneration and social security | 454/9 | €2,998 | - | -€2,998 | |
| Other amounts payable | 47/48 | €61,500 | €66,305 | +€4,804 | +7.8% |
| Accrued charges and deferred income | 492/3 | €384 | €387 | +€3 | +0.8% |
| Remuneration, social security and pensions | 62 | €22,693 | €14,999 | -€7,694 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,467 | €4,177 | -€1,289 | -23.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€487 | €1,561 | +€2,049 | |
| Other operating charges | 640/8 | €4,525 | €1,367 | -€3,159 | -69.8% |
| Gross operating margin | 9900 | €145,995 | €143,579 | -€2,415 | -1.7% |
| Operating profit (loss) | 9901 | €113,797 | €121,475 | +€7,678 | +6.7% |
| Financial income | 75/76B | €1,704 | €4,462 | +€2,758 | +161.9% |
| Recurring financial income | 75 | €1,704 | €4,462 | +€2,758 | +161.9% |
| Financial charges | 65/66B | €35,910 | €37,456 | +€1,545 | +4.3% |
| Recurring financial charges | 65 | €35,910 | €37,456 | +€1,545 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €79,590 | €88,482 | +€8,891 | +11.2% |
| Income taxes | 67/77 | €17,146 | €20,595 | +€3,449 | +20.1% |
| Profit (loss) for the period | 9904 | €62,444 | €67,887 | +€5,443 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,444 | €67,887 | +€5,443 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.