LTF MED: 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.
LTF MED
Largest movements
- Receivables within one year -€21,709
down €21,709 (-100.0%), from €21,709 to €0
- Cash +€14,166
up €14,166 (+27.0%), from €52,490 to €66,656
mainly Net result for the year (+€83,810) and Receivables within one year (+€21,709)
- Tangible fixed assets -€6,673
down €6,673 (-18.7%), from €35,611 to €28,938
of which Leasing and similar rights: -€7,486
- Deferred charges and accrued income -€3,427
down €3,427 (-7.2%), from €47,913 to €44,487
- Profit (loss) carried forward -€11,190
down €11,190 (-11.8%), from €94,928 to €83,738
- Debts after one year -€9,321
down €9,321 (-37.6%), from €24,803 to €15,482
- Tax, wage and social debts +€1,757
up €1,757 (+7.3%), from €24,129 to €25,886
of which Taxes: +€1,757
- Depreciation +€4,559
up €4,559 (+128.5%), from €3,548 to €8,107
- Gross operating margin +€3,614
up €3,614 (+3.2%), from €114,480 to €118,094
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 | €157,723 | €140,081 | -€17,642 | -11.2% |
| Fixed assets | 21/28 | €35,611 | €28,938 | -€6,673 | -18.7% |
| Tangible fixed assets | 22/27 | €35,611 | €28,938 | -€6,673 | -18.7% |
| Furniture and vehicles | 24 | €1,679 | €2,492 | +€813 | +48.4% |
| Leasing and similar rights | 25 | €33,933 | €26,447 | -€7,486 | -22.1% |
| Current assets | 29/58 | €122,112 | €111,143 | -€10,969 | -9.0% |
| Amounts receivable within one year | 40/41 | €21,709 | €0 | -€21,709 | -100.0% |
| Other amounts receivable | 41 | €21,709 | €0 | -€21,709 | -100.0% |
| Cash at bank and in hand | 54/58 | €52,490 | €66,656 | +€14,166 | +27.0% |
| Deferred charges and accrued income | 490/1 | €47,913 | €44,487 | -€3,427 | -7.2% |
| Total equity and liabilities | 10/49 | €157,723 | €140,081 | -€17,642 | -11.2% |
| Equity | 10/15 | €98,428 | €87,238 | -€11,190 | -11.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,928 | €83,738 | -€11,190 | -11.8% |
| Amounts payable | 17/49 | €59,295 | €52,843 | -€6,452 | -10.9% |
| Amounts payable after more than one year | 17 | €24,803 | €15,482 | -€9,321 | -37.6% |
| Financial debts | 170/4 | €24,803 | €15,482 | -€9,321 | -37.6% |
| Amounts payable within one year | 42/48 | €34,493 | €37,361 | +€2,869 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €8,982 | €9,321 | +€339 | +3.8% |
| Trade debts | 44 | €1,381 | €1,029 | -€352 | -25.5% |
| Suppliers | 440/4 | €1,381 | €1,029 | -€352 | -25.5% |
| Taxes, remuneration and social security | 45 | €24,129 | €25,886 | +€1,757 | +7.3% |
| Taxes | 450/3 | €24,129 | €25,886 | +€1,757 | +7.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €1,125 | +€1,125 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,548 | €8,107 | +€4,559 | +128.5% |
| Other operating charges | 640/8 | €1,626 | €484 | -€1,143 | -70.3% |
| Gross operating margin | 9900 | €114,480 | €118,094 | +€3,614 | +3.2% |
| Operating profit (loss) | 9901 | €109,306 | €109,503 | +€198 | +0.2% |
| Financial income | 75/76B | €907 | €0 | -€907 | -100.0% |
| Recurring financial income | 75 | €907 | €0 | -€907 | -100.0% |
| Financial charges | 65/66B | €685 | €1,307 | +€622 | +90.9% |
| Recurring financial charges | 65 | €685 | €1,307 | +€622 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €109,528 | €108,196 | -€1,331 | -1.2% |
| Income taxes | 67/77 | €24,129 | €24,386 | +€257 | +1.1% |
| Profit (loss) for the period | 9904 | €85,399 | €83,810 | -€1,589 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,399 | €83,810 | -€1,589 | -1.9% |
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.