LTD 052: 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.
LTD 052
Largest movements
- Receivables within one year -€2,511
down €2,511 (-53.5%), from €4,697 to €2,186
of which Trade receivables: -€3,519
- Cash +€1,571
up €1,571 (+1298.3%), from €121 to €1,692
mainly Depreciation (+€20,041) and Contributions, distributions and other (+€19,525)
- Tangible fixed assets +€1,102
up €1,102, from €0 to €1,102
of which Plant, machinery and equipment: +€1,102
- Deferred charges and accrued income -€60
down €60 (-15.1%), from €397 to €337
- Debts after one year -€12,578
no longer reported in 2025 (was €12,578)
- Current portion of long-term debt +€11,622
new in 2025: €11,622
- Trade debts +€11,173
up €11,173 (+588.1%), from €1,900 to €13,073
- Short-term financial debts -€7,555
no longer reported in 2025 (was €7,555)
- Profit (loss) carried forward -€3,246
down €3,246 (-16.6%), from -€19,525 to -€22,771
- Depreciation -€1,215
down €1,215 (-5.7%), from €21,256 to €20,041
- Gross operating margin +€1,088
up €1,088 (+48.9%), from -€2,224 to -€1,136
- Other operating charges +€819
new in 2025: €819
- Financial charges +€780
new in 2025: €780
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 | €5,455 | €5,557 | +€102 | +1.9% |
| Fixed assets | 21/28 | €0 | €1,102 | +€1,102 | |
| Tangible fixed assets | 22/27 | €0 | €1,102 | +€1,102 | |
| Plant, machinery and equipment | 23 | €0 | €1,102 | +€1,102 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €5,455 | €4,455 | -€1,000 | -18.3% |
| Amounts receivable after more than one year | 29 | €240 | €240 | = | 0.0% |
| Other amounts receivable | 291 | €240 | €240 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,697 | €2,186 | -€2,511 | -53.5% |
| Trade receivables | 40 | €4,697 | €1,178 | -€3,519 | -74.9% |
| Other amounts receivable | 41 | - | €1,008 | +€1,008 | |
| Cash at bank and in hand | 54/58 | €121 | €1,692 | +€1,571 | +1298.3% |
| Deferred charges and accrued income | 490/1 | €397 | €337 | -€60 | -15.1% |
| Total equity and liabilities | 10/49 | €5,455 | €5,557 | +€102 | +1.9% |
| Equity | 10/15 | -€17,325 | -€20,571 | -€3,246 | -18.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,525 | -€22,771 | -€3,246 | -16.6% |
| Amounts payable | 17/49 | €22,780 | €26,128 | +€3,348 | +14.7% |
| Amounts payable after more than one year | 17 | €12,578 | - | -€12,578 | |
| Trade debts | 175 | €12,578 | - | -€12,578 | |
| Amounts payable within one year | 42/48 | €10,202 | €26,128 | +€15,926 | +156.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,622 | +€11,622 | |
| Financial debts | 43 | €7,555 | - | -€7,555 | |
| Credit institutions | 430/8 | €7,555 | - | -€7,555 | |
| Trade debts | 44 | €1,900 | €13,073 | +€11,173 | +588.1% |
| Suppliers | 440/4 | €1,900 | €13,073 | +€11,173 | +588.1% |
| Taxes, remuneration and social security | 45 | €747 | €1,433 | +€686 | +91.8% |
| Taxes | 450/3 | €747 | €1,433 | +€686 | +91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,256 | €20,041 | -€1,215 | -5.7% |
| Other operating charges | 640/8 | - | €819 | +€819 | |
| Gross operating margin | 9900 | -€2,224 | -€1,136 | +€1,088 | +48.9% |
| Operating profit (loss) | 9901 | -€23,480 | -€21,996 | +€1,484 | +6.3% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | - | €780 | +€780 | |
| Recurring financial charges | 65 | - | €780 | +€780 | |
| Profit (loss) for the period before taxes | 9903 | -€23,480 | -€22,771 | +€709 | +3.0% |
| Profit (loss) for the period | 9904 | -€23,480 | -€22,771 | +€709 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,480 | -€22,771 | +€709 | +3.0% |
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 5 October 2026 via checked.be.