LTF Consult: 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.
LTF Consult
Largest movements
- Tangible fixed assets -€9,935
down €9,935 (-1.3%), from €765,508 to €755,573
of which Land and buildings: -€22,684
- Trade debts -€65,849
down €65,849 (-86.6%), from €76,064 to €10,214
- Reserves +€29,161
up €29,161 (+36.9%), from €78,959 to €108,120
- Tax, wage and social debts +€14,791
up €14,791 (+336%), from €4,401 to €19,192
- Current portion of long-term debt +€11,601
up €11,601 (+37.4%), from €31,031 to €42,631
- Depreciation -€25,003
down €25,003 (-31.4%), from €79,554 to €54,551
- Financial charges +€6,395
up €6,395 (+32.7%), from €19,543 to €25,938
- Gross operating margin +€6,376
up €6,376 (+5.4%), from €118,976 to €125,352
- Taxes +€6,336
up €6,336 (+150%), from €4,213 to €10,549
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.
Derived cash bridge
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 | €818,457 | €818,730 | +€273 | 0.0% |
| Fixed assets | 21/28 | €765,508 | €755,573 | -€9,935 | -1.3% |
| Tangible fixed assets | 22/27 | €765,508 | €755,573 | -€9,935 | -1.3% |
| Land and buildings | 22 | €630,163 | €607,479 | -€22,684 | -3.6% |
| Plant, machinery and equipment | 23 | €57,379 | €77,836 | +€20,456 | +35.7% |
| Furniture and vehicles | 24 | €77,965 | €70,258 | -€7,707 | -9.9% |
| Current assets | 29/58 | €52,950 | €63,158 | +€10,208 | +19.3% |
| Amounts receivable within one year | 40/41 | €32,861 | €35,690 | +€2,830 | +8.6% |
| Trade receivables | 40 | €24,756 | €35,690 | +€10,934 | +44.2% |
| Other amounts receivable | 41 | €8,105 | - | -€8,105 | |
| Cash at bank and in hand | 54/58 | €18,687 | €19,475 | +€788 | +4.2% |
| Deferred charges and accrued income | 490/1 | €1,402 | €7,993 | +€6,591 | +470% |
| Total equity and liabilities | 10/49 | €818,457 | €818,730 | +€273 | 0.0% |
| Equity | 10/15 | €83,959 | €113,120 | +€29,161 | +34.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,959 | €108,120 | +€29,161 | +36.9% |
| Distributable reserves | 133 | €78,959 | €108,120 | +€29,161 | +36.9% |
| Amounts payable | 17/49 | €734,498 | €705,610 | -€28,888 | -3.9% |
| Amounts payable after more than one year | 17 | €532,012 | €537,544 | +€5,532 | +1.0% |
| Financial debts | 170/4 | €532,012 | €537,544 | +€5,532 | +1.0% |
| Amounts payable within one year | 42/48 | €194,947 | €165,002 | -€29,945 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €31,031 | €42,631 | +€11,601 | +37.4% |
| Trade debts | 44 | €76,064 | €10,214 | -€65,849 | -86.6% |
| Suppliers | 440/4 | €76,064 | €10,214 | -€65,849 | -86.6% |
| Advances received on contracts in progress | 46 | €250 | €3,250 | +€3,000 | +1,200% |
| Taxes, remuneration and social security | 45 | €4,401 | €19,192 | +€14,791 | +336% |
| Taxes | 450/3 | €4,401 | €19,192 | +€14,791 | +336% |
| Other amounts payable | 47/48 | €83,202 | €89,714 | +€6,512 | +7.8% |
| Accrued charges and deferred income | 492/3 | €7,538 | €3,064 | -€4,474 | -59.4% |
| Non-recurring operating income | 76A | - | €13,957 | +€13,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,554 | €54,551 | -€25,003 | -31.4% |
| Other operating charges | 640/8 | €2,883 | €4,031 | +€1,148 | +39.8% |
| Non-recurring operating charges | 66A | - | €289 | +€289 | |
| Gross operating margin | 9900 | €118,976 | €125,352 | +€6,376 | +5.4% |
| Operating profit (loss) | 9901 | €36,540 | €66,481 | +€29,941 | +81.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €19,543 | €25,938 | +€6,395 | +32.7% |
| Recurring financial charges | 65 | €19,543 | €25,938 | +€6,395 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €16,997 | €40,543 | +€23,547 | +139% |
| Income taxes | 67/77 | €4,213 | €10,549 | +€6,336 | +150% |
| Profit (loss) for the period | 9904 | €12,783 | €29,994 | +€17,211 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €12,783 | €29,994 | +€17,211 | +135% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.