LTDI: 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.
LTDI
Largest movements
- Tangible fixed assets -€5,940
down €5,940 (-4.0%), from €148,269 to €142,329
of which Other tangible fixed assets: -€4,896
- Receivables within one year -€5,812
down €5,812 (-11.4%), from €50,904 to €45,093
of which Trade receivables: -€15,479
- Debts after one year -€15,907
down €15,907 (-66.4%), from €23,950 to €8,043
- Profit (loss) carried forward +€2,938
up €2,938 (+2.1%), from €142,831 to €145,769
- Gross operating margin -€19,068
down €19,068 (-63.9%), from €29,841 to €10,773
- Taxes -€3,304
down €3,304 (-63.3%), from €5,223 to €1,918
- Financial charges -€608
down €608 (-50.5%), from €1,203 to €595
- Financial income +€470
up €470 (+31.3%), from €1,500 to €1,970
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 | €214,075 | €202,707 | -€11,367 | -5.3% |
| Fixed assets | 21/28 | €148,269 | €142,329 | -€5,940 | -4.0% |
| Tangible fixed assets | 22/27 | €148,269 | €142,329 | -€5,940 | -4.0% |
| Land and buildings | 22 | €26,540 | €25,495 | -€1,045 | -3.9% |
| Other tangible fixed assets | 26 | €121,729 | €116,834 | -€4,896 | -4.0% |
| Current assets | 29/58 | €65,806 | €60,379 | -€5,427 | -8.2% |
| Amounts receivable within one year | 40/41 | €50,904 | €45,093 | -€5,812 | -11.4% |
| Trade receivables | 40 | €15,479 | - | -€15,479 | |
| Other amounts receivable | 41 | €35,426 | €45,093 | +€9,667 | +27.3% |
| Cash at bank and in hand | 54/58 | €14,901 | €14,047 | -€854 | -5.7% |
| Deferred charges and accrued income | 490/1 | - | €1,239 | +€1,239 | |
| Total equity and liabilities | 10/49 | €214,075 | €202,707 | -€11,367 | -5.3% |
| Equity | 10/15 | €173,236 | €176,174 | +€2,938 | +1.7% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,831 | €145,769 | +€2,938 | +2.1% |
| Amounts payable | 17/49 | €40,838 | €26,533 | -€14,305 | -35.0% |
| Amounts payable after more than one year | 17 | €23,950 | €8,043 | -€15,907 | -66.4% |
| Financial debts | 170/4 | €23,950 | €8,043 | -€15,907 | -66.4% |
| Amounts payable within one year | 42/48 | €16,888 | €18,490 | +€1,602 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €15,672 | €15,907 | +€235 | +1.5% |
| Trade debts | 44 | €1,216 | €2,583 | +€1,367 | +112.4% |
| Suppliers | 440/4 | €1,216 | €2,583 | +€1,367 | +112.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,940 | €5,940 | = | 0.0% |
| Other operating charges | 640/8 | €1,487 | €1,351 | -€136 | -9.2% |
| Gross operating margin | 9900 | €29,841 | €10,773 | -€19,068 | -63.9% |
| Operating profit (loss) | 9901 | €22,413 | €3,481 | -€18,932 | -84.5% |
| Financial income | 75/76B | €1,500 | €1,970 | +€470 | +31.3% |
| Recurring financial income | 75 | €1,500 | €1,970 | +€470 | +31.3% |
| Financial charges | 65/66B | €1,203 | €595 | -€608 | -50.5% |
| Recurring financial charges | 65 | €1,203 | €595 | -€608 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €22,710 | €4,856 | -€17,854 | -78.6% |
| Income taxes | 67/77 | €5,223 | €1,918 | -€3,304 | -63.3% |
| Profit (loss) for the period | 9904 | €17,487 | €2,938 | -€14,550 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,487 | €2,938 | -€14,550 | -83.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.