LTEC: 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.
LTEC
Largest movements
- Cash +€40,318
up €40,318 (+126.0%), from €31,999 to €72,317
mainly Depreciation (+€27,934) and Net result for the year (+€23,342)
- Tangible fixed assets -€15,325
down €15,325 (-27.0%), from €56,850 to €41,525
of which Furniture and vehicles: -€11,541
- Intangible fixed assets -€12,610
down €12,610 (-33.4%), from €37,725 to €25,116
- Receivables within one year -€11,863
down €11,863 (-99.4%), from €11,932 to €69
of which Trade receivables: -€9,464
- Deferred charges and accrued income -€1,932
down €1,932 (-100.0%), from €1,932 to €0
- Other debts -€27,497
down €27,497 (-37.2%), from €73,917 to €46,419
- Reserves +€23,342
up €23,342 (+68.3%), from €34,196 to €57,539
- Tax, wage and social debts +€7,565
up €7,565 (+53.7%), from €14,078 to €21,644
- Debts after one year -€4,082
down €4,082 (-38.7%), from €10,555 to €6,473
- Gross operating margin +€12,729
up €12,729 (+27.2%), from €46,808 to €59,537
- Taxes +€2,469
up €2,469 (+65.7%), from €3,760 to €6,229
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 | €140,438 | €139,026 | -€1,411 | -1.0% |
| Fixed assets | 21/28 | €94,575 | €66,640 | -€27,934 | -29.5% |
| Intangible fixed assets | 21 | €37,725 | €25,116 | -€12,610 | -33.4% |
| Tangible fixed assets | 22/27 | €56,850 | €41,525 | -€15,325 | -27.0% |
| Land and buildings | 22 | €4,620 | €4,042 | -€578 | -12.5% |
| Plant, machinery and equipment | 23 | €17,341 | €14,135 | -€3,206 | -18.5% |
| Furniture and vehicles | 24 | €34,889 | €23,348 | -€11,541 | -33.1% |
| Current assets | 29/58 | €45,863 | €72,386 | +€26,523 | +57.8% |
| Amounts receivable within one year | 40/41 | €11,932 | €69 | -€11,863 | -99.4% |
| Trade receivables | 40 | €9,464 | €0 | -€9,464 | -100.0% |
| Other amounts receivable | 41 | €2,468 | €69 | -€2,400 | -97.2% |
| Cash at bank and in hand | 54/58 | €31,999 | €72,317 | +€40,318 | +126.0% |
| Deferred charges and accrued income | 490/1 | €1,932 | €0 | -€1,932 | -100.0% |
| Total equity and liabilities | 10/49 | €140,438 | €139,026 | -€1,411 | -1.0% |
| Equity | 10/15 | €36,696 | €60,039 | +€23,342 | +63.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €34,196 | €57,539 | +€23,342 | +68.3% |
| Distributable reserves | 133 | €34,196 | €57,539 | +€23,342 | +68.3% |
| Amounts payable | 17/49 | €103,741 | €78,988 | -€24,754 | -23.9% |
| Amounts payable after more than one year | 17 | €10,555 | €6,473 | -€4,082 | -38.7% |
| Financial debts | 170/4 | €10,555 | €6,473 | -€4,082 | -38.7% |
| Amounts payable within one year | 42/48 | €93,187 | €72,515 | -€20,672 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €3,904 | €4,082 | +€177 | +4.5% |
| Trade debts | 44 | €1,287 | €370 | -€917 | -71.2% |
| Suppliers | 440/4 | €1,287 | €370 | -€917 | -71.2% |
| Taxes, remuneration and social security | 45 | €14,078 | €21,644 | +€7,565 | +53.7% |
| Taxes | 450/3 | €14,078 | €21,644 | +€7,565 | +53.7% |
| Other amounts payable | 47/48 | €73,917 | €46,419 | -€27,497 | -37.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,777 | €27,934 | +€157 | +0.6% |
| Other operating charges | 640/8 | €795 | €1,370 | +€576 | +72.4% |
| Gross operating margin | 9900 | €46,808 | €59,537 | +€12,729 | +27.2% |
| Operating profit (loss) | 9901 | €18,236 | €30,232 | +€11,996 | +65.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €880 | €661 | -€219 | -24.9% |
| Recurring financial charges | 65 | €880 | €661 | -€219 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €17,356 | €29,571 | +€12,215 | +70.4% |
| Income taxes | 67/77 | €3,760 | €6,229 | +€2,469 | +65.7% |
| Profit (loss) for the period | 9904 | €13,596 | €23,342 | +€9,746 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,596 | €23,342 | +€9,746 | +71.7% |
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 29 September 2026 via checked.be.