LTF SOFTWARE: 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 SOFTWARE
Largest movements
- Current investments +€95,774
up €95,774 (+21.8%), from €439,226 to €535,000
- Reserves +€95,211
up €95,211 (+14.8%), from €642,565 to €737,776
of which Distributable reserves: +€97,211
- Tax, wage and social debts -€8,775
down €8,775 (-50.4%), from €17,394 to €8,619
- Gross operating margin -€56,725
down €56,725 (-31.3%), from €181,498 to €124,774
- Taxes -€14,756
down €14,756 (-27.4%), from €53,817 to €39,061
- Financial income +€8,469
up €8,469 (+145.9%), from €5,803 to €14,272
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 | €674,982 | €762,154 | +€87,171 | +12.9% |
| Fixed assets | 21/28 | €5,092 | €6,738 | +€1,645 | +32.3% |
| Tangible fixed assets | 22/27 | €5,092 | €6,738 | +€1,645 | +32.3% |
| Plant, machinery and equipment | 23 | €1,312 | €4,518 | +€3,207 | +244.4% |
| Furniture and vehicles | 24 | €3,780 | €2,219 | -€1,561 | -41.3% |
| Current assets | 29/58 | €669,890 | €755,416 | +€85,526 | +12.8% |
| Amounts receivable within one year | 40/41 | €73,004 | €69,661 | -€3,343 | -4.6% |
| Trade receivables | 40 | €73,004 | €54,436 | -€18,567 | -25.4% |
| Other amounts receivable | 41 | €0 | €15,224 | +€15,224 | |
| Current investments | 50/53 | €439,226 | €535,000 | +€95,774 | +21.8% |
| Cash at bank and in hand | 54/58 | €156,160 | €149,112 | -€7,047 | -4.5% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,643 | +€142 | +9.5% |
| Total equity and liabilities | 10/49 | €674,982 | €762,154 | +€87,171 | +12.9% |
| Equity | 10/15 | €655,397 | €750,608 | +€95,211 | +14.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €642,565 | €737,776 | +€95,211 | +14.8% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | €640,565 | €737,776 | +€97,211 | +15.2% |
| Profit (loss) carried forward | 14 | €432 | €432 | = | 0.0% |
| Amounts payable | 17/49 | €19,585 | €11,545 | -€8,040 | -41.1% |
| Amounts payable within one year | 42/48 | €19,585 | €11,545 | -€8,040 | -41.1% |
| Trade debts | 44 | €730 | €854 | +€124 | +17.0% |
| Suppliers | 440/4 | €730 | €854 | +€124 | +17.0% |
| Taxes, remuneration and social security | 45 | €17,394 | €8,619 | -€8,775 | -50.4% |
| Taxes | 450/3 | €17,394 | €8,619 | -€8,775 | -50.4% |
| Other amounts payable | 47/48 | €1,461 | €2,072 | +€611 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,252 | €3,447 | -€1,805 | -34.4% |
| Other operating charges | 640/8 | €1,250 | €1,266 | +€16 | +1.3% |
| Gross operating margin | 9900 | €181,498 | €124,774 | -€56,725 | -31.3% |
| Operating profit (loss) | 9901 | €174,996 | €120,061 | -€54,935 | -31.4% |
| Financial income | 75/76B | €5,803 | €14,272 | +€8,469 | +145.9% |
| Recurring financial income | 75 | €5,803 | €14,272 | +€8,469 | +145.9% |
| Financial charges | 65/66B | €45 | €60 | +€15 | +33.5% |
| Recurring financial charges | 65 | €45 | €60 | +€15 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €180,754 | €134,272 | -€46,482 | -25.7% |
| Income taxes | 67/77 | €53,817 | €39,061 | -€14,756 | -27.4% |
| Profit (loss) for the period | 9904 | €126,937 | €95,211 | -€31,726 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,937 | €95,211 | -€31,726 | -25.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.