LTECH PEETERS: 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.
LTECH PEETERS
Largest movements
- Cash -€26,181
down €26,181 (-79.9%), from €32,755 to €6,574
mainly Advances received (-€60,200) and Stocks and contracts (-€12,830)
- Stocks and contracts +€12,830
up €12,830 (+39.9%), from €32,170 to €45,000
- Receivables within one year -€8,552
down €8,552 (-10.1%), from €84,410 to €75,858
of which Trade receivables: -€18,064
- Deferred charges and accrued income +€3,571
up €3,571 (+362.7%), from €984 to €4,555
- Tangible fixed assets -€2,004
down €2,004 (-68.3%), from €2,934 to €930
of which Furniture and vehicles: -€1,422
- Advances received -€60,200
down €60,200 (-100.0%), from €60,200 to €0
- Trade debts +€25,643
up €25,643 (+52.5%), from €48,825 to €74,468
- Short-term financial debts +€17,212
up €17,212, from €0 to €17,212
- Provisions -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Tax, wage and social debts +€3,660
up €3,660 (+953.8%), from €384 to €4,043
- Gross operating margin -€14,472
down €14,472, from €14,418 to -€54
- Depreciation -€5,119
down €5,119 (-71.9%), from €7,123 to €2,004
- Financial income +€1,475
up €1,475 (+97.7%), from €1,510 to €2,984
- Financial charges -€350
down €350 (-15.6%), from €2,246 to €1,896
- Other operating charges -€294
down €294 (-14.2%), from €2,070 to €1,777
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 | €158,351 | €136,518 | -€21,833 | -13.8% |
| Fixed assets | 21/28 | €8,031 | €4,531 | -€3,500 | -43.6% |
| Tangible fixed assets | 22/27 | €2,934 | €930 | -€2,004 | -68.3% |
| Plant, machinery and equipment | 23 | €1,512 | €930 | -€581 | -38.5% |
| Furniture and vehicles | 24 | €1,422 | €0 | -€1,422 | -100.0% |
| Financial fixed assets | 28 | €5,097 | €3,601 | -€1,496 | -29.4% |
| Current assets | 29/58 | €150,320 | €131,987 | -€18,333 | -12.2% |
| Stocks and contracts in progress | 3 | €32,170 | €45,000 | +€12,830 | +39.9% |
| Stocks | 30/36 | €32,170 | €45,000 | +€12,830 | +39.9% |
| Amounts receivable within one year | 40/41 | €84,410 | €75,858 | -€8,552 | -10.1% |
| Trade receivables | 40 | €42,592 | €24,528 | -€18,064 | -42.4% |
| Other amounts receivable | 41 | €41,818 | €51,330 | +€9,512 | +22.7% |
| Cash at bank and in hand | 54/58 | €32,755 | €6,574 | -€26,181 | -79.9% |
| Deferred charges and accrued income | 490/1 | €984 | €4,555 | +€3,571 | +362.7% |
| Total equity and liabilities | 10/49 | €158,351 | €136,518 | -€21,833 | -13.8% |
| Equity | 10/15 | €43,942 | €40,794 | -€3,147 | -7.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €18,942 | €15,794 | -€3,147 | -16.6% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €16,442 | €13,294 | -€3,147 | -19.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €5,000 | €0 | -€5,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €0 | -€5,000 | -100.0% |
| Major repairs and maintenance | 162 | €5,000 | €0 | -€5,000 | -100.0% |
| Amounts payable | 17/49 | €109,409 | €95,724 | -€13,685 | -12.5% |
| Amounts payable within one year | 42/48 | €109,409 | €95,724 | -€13,685 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €17,212 | +€17,212 | |
| Credit institutions | 430/8 | €0 | €17,212 | +€17,212 | |
| Trade debts | 44 | €48,825 | €74,468 | +€25,643 | +52.5% |
| Suppliers | 440/4 | €48,825 | €74,468 | +€25,643 | +52.5% |
| Advances received on contracts in progress | 46 | €60,200 | €0 | -€60,200 | -100.0% |
| Taxes, remuneration and social security | 45 | €384 | €4,043 | +€3,660 | +953.8% |
| Taxes | 450/3 | €384 | €4,043 | +€3,660 | +953.8% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €69 | €0 | -€69 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,123 | €2,004 | -€5,119 | -71.9% |
| Other operating charges | 640/8 | €2,070 | €1,777 | -€294 | -14.2% |
| Gross operating margin | 9900 | €14,418 | -€54 | -€14,472 | |
| Operating profit (loss) | 9901 | €5,155 | -€3,835 | -€8,990 | |
| Financial income | 75/76B | €1,510 | €2,984 | +€1,475 | +97.7% |
| Recurring financial income | 75 | €1,510 | €2,984 | +€1,475 | +97.7% |
| Financial charges | 65/66B | €2,246 | €1,896 | -€350 | -15.6% |
| Recurring financial charges | 65 | €2,246 | €1,896 | -€350 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €4,419 | -€2,747 | -€7,166 | |
| Income taxes | 67/77 | €384 | €401 | +€17 | +4.4% |
| Profit (loss) for the period | 9904 | €4,036 | -€3,147 | -€7,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,036 | -€3,147 | -€7,183 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.