LTC&I: 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.
LTC&I
Largest movements
- Cash +€134,861
up €134,861 (+694%), from €19,445 to €154,306
mainly Other debts (+€360,854) and Net result for the year (+€127,969)
- Tangible fixed assets -€14,413
down €14,413 (-5.0%), from €290,536 to €276,124
- Deferred charges and accrued income +€7,024
new in 2025: €7,024
- Other debts +€360,854
up €360,854 (+5,167%), from €6,984 to €367,838
- Reserves -€239,869
down €239,869 (-66.5%), from €360,466 to €120,597
- Tax, wage and social debts +€13,777
up €13,777 (+1,114%), from €1,236 to €15,014
- Trade debts -€11,463
down €11,463 (-97.3%), from €11,780 to €317
- Gross operating margin +€53,590
up €53,590 (+36.8%), from €145,463 to €199,053
- Taxes +€14,768
up €14,768 (+67.7%), from €21,814 to €36,582
- Depreciation +€12,617
up €12,617 (+59.8%), from €21,088 to €33,705
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 | €385,466 | €508,766 | +€123,300 | +32.0% |
| Fixed assets | 21/28 | €290,536 | €276,124 | -€14,413 | -5.0% |
| Tangible fixed assets | 22/27 | €290,536 | €276,124 | -€14,413 | -5.0% |
| Other tangible fixed assets | 26 | €290,536 | €276,124 | -€14,413 | -5.0% |
| Current assets | 29/58 | €94,929 | €232,642 | +€137,713 | +145% |
| Amounts receivable within one year | 40/41 | €75,484 | €71,312 | -€4,172 | -5.5% |
| Trade receivables | 40 | €41,487 | €53,106 | +€11,619 | +28.0% |
| Other amounts receivable | 41 | €33,997 | €18,206 | -€15,791 | -46.4% |
| Cash at bank and in hand | 54/58 | €19,445 | €154,306 | +€134,861 | +694% |
| Deferred charges and accrued income | 490/1 | - | €7,024 | +€7,024 | |
| Total equity and liabilities | 10/49 | €385,466 | €508,766 | +€123,300 | +32.0% |
| Equity | 10/15 | €365,466 | €125,597 | -€239,869 | -65.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €360,466 | €120,597 | -€239,869 | -66.5% |
| Distributable reserves | 133 | €360,466 | €120,597 | -€239,869 | -66.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,000 | €383,169 | +€363,169 | +1,816% |
| Amounts payable within one year | 42/48 | €20,000 | €383,169 | +€363,169 | +1,816% |
| Trade debts | 44 | €11,780 | €317 | -€11,463 | -97.3% |
| Suppliers | 440/4 | €11,780 | €317 | -€11,463 | -97.3% |
| Taxes, remuneration and social security | 45 | €1,236 | €15,014 | +€13,777 | +1,114% |
| Taxes | 450/3 | €1,236 | €15,014 | +€13,777 | +1,114% |
| Other amounts payable | 47/48 | €6,984 | €367,838 | +€360,854 | +5,167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,088 | €33,705 | +€12,617 | +59.8% |
| Other operating charges | 640/8 | €132 | €672 | +€540 | +410% |
| Gross operating margin | 9900 | €145,463 | €199,053 | +€53,590 | +36.8% |
| Operating profit (loss) | 9901 | €124,243 | €164,676 | +€40,433 | +32.5% |
| Financial income | 75/76B | €1,146 | €0 | -€1,146 | -100% |
| Recurring financial income | 75 | €1,146 | €0 | -€1,146 | -100% |
| Financial charges | 65/66B | €125 | €125 | +€0 | 0.0% |
| Recurring financial charges | 65 | €125 | €125 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €125,265 | €164,551 | +€39,286 | +31.4% |
| Income taxes | 67/77 | €21,814 | €36,582 | +€14,768 | +67.7% |
| Profit (loss) for the period | 9904 | €103,451 | €127,969 | +€24,518 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,451 | €127,969 | +€24,518 | +23.7% |
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 26 October 2026 via checked.be.