LTD Tech: 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 Tech
Largest movements
- Cash -€177,456
down €177,456 (-78.3%), from €226,767 to €49,311
mainly Receivables within one year (-€104,201) and Stocks and contracts (-€97,793)
- Receivables within one year +€104,201
up €104,201 (+427.7%), from €24,364 to €128,565
of which Other amounts receivable: +€52,273
- Stocks and contracts +€97,793
new in 2025: €97,793
- Reserves +€125,573
up €125,573 (+190.9%), from €65,786 to €191,359
- Trade debts -€70,808
down €70,808 (-70.6%), from €100,238 to €29,430
- Tax, wage and social debts -€30,529
down €30,529 (-34.9%), from €87,523 to €56,994
of which Taxes: -€29,919
- Gross operating margin +€109,556
up €109,556 (+157.7%), from €69,492 to €179,047
- Taxes +€22,227
up €22,227 (+131.4%), from €16,920 to €39,147
- Financial charges +€4,667
up €4,667 (+535.1%), from €872 to €5,539
- Depreciation +€2,725
up €2,725 (+395.1%), from €690 to €3,414
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 | €255,546 | €280,782 | +€25,236 | +9.9% |
| Fixed assets | 21/28 | €3,594 | €4,338 | +€745 | +20.7% |
| Tangible fixed assets | 22/27 | €3,594 | €4,338 | +€745 | +20.7% |
| Plant, machinery and equipment | 23 | €3,594 | €456 | -€3,138 | -87.3% |
| Furniture and vehicles | 24 | - | €3,882 | +€3,882 | |
| Current assets | 29/58 | €251,952 | €276,444 | +€24,491 | +9.7% |
| Stocks and contracts in progress | 3 | - | €97,793 | +€97,793 | |
| Stocks | 30/36 | - | €97,793 | +€97,793 | |
| Amounts receivable within one year | 40/41 | €24,364 | €128,565 | +€104,201 | +427.7% |
| Trade receivables | 40 | - | €51,928 | +€51,928 | |
| Other amounts receivable | 41 | €24,364 | €76,638 | +€52,273 | +214.5% |
| Cash at bank and in hand | 54/58 | €226,767 | €49,311 | -€177,456 | -78.3% |
| Deferred charges and accrued income | 490/1 | €821 | €775 | -€46 | -5.6% |
| Total equity and liabilities | 10/49 | €255,546 | €280,782 | +€25,236 | +9.9% |
| Equity | 10/15 | €67,786 | €193,359 | +€125,573 | +185.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €65,786 | €191,359 | +€125,573 | +190.9% |
| Distributable reserves | 133 | €65,786 | €191,359 | +€125,573 | +190.9% |
| Amounts payable | 17/49 | €187,761 | €87,424 | -€100,337 | -53.4% |
| Amounts payable within one year | 42/48 | €187,761 | €87,424 | -€100,337 | -53.4% |
| Trade debts | 44 | €100,238 | €29,430 | -€70,808 | -70.6% |
| Suppliers | 440/4 | €100,238 | €29,430 | -€70,808 | -70.6% |
| Taxes, remuneration and social security | 45 | €87,523 | €56,994 | -€30,529 | -34.9% |
| Taxes | 450/3 | €86,913 | €56,994 | -€29,919 | -34.4% |
| Remuneration and social security | 454/9 | €610 | - | -€610 | |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | €2,815 | - | -€2,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €3,414 | +€2,725 | +395.1% |
| Other operating charges | 640/8 | €1,596 | €2,699 | +€1,103 | +69.1% |
| Non-recurring operating charges | 66A | - | €3,759 | +€3,759 | |
| Gross operating margin | 9900 | €69,492 | €179,047 | +€109,556 | +157.7% |
| Operating profit (loss) | 9901 | €67,206 | €169,176 | +€101,970 | +151.7% |
| Financial income | 75/76B | €5 | €1,083 | +€1,078 | +21513.0% |
| Recurring financial income | 75 | €5 | €1,083 | +€1,078 | +21513.0% |
| Financial charges | 65/66B | €872 | €5,539 | +€4,667 | +535.1% |
| Recurring financial charges | 65 | €872 | €5,539 | +€4,667 | +535.1% |
| Profit (loss) for the period before taxes | 9903 | €66,339 | €164,720 | +€98,381 | +148.3% |
| Income taxes | 67/77 | €16,920 | €39,147 | +€22,227 | +131.4% |
| Profit (loss) for the period | 9904 | €49,419 | €125,573 | +€76,154 | +154.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,419 | €125,573 | +€76,154 | +154.1% |
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 7 October 2026 via checked.be.