LTH AN LIEVENS: what changed
LTH AN LIEVENS
Largest movements
- Cash -€33,344
down €33,344 (-42.9%), from €77,707 to €44,362
mainly Debts after one year (-€31,623) and Current investments (-€28,283)
- Current investments +€28,283
up €28,283 (+14.9%), from €190,403 to €218,686
- Tangible fixed assets -€15,153
down €15,153 (-15.8%), from €95,734 to €80,581
of which Land and buildings: -€11,200
- Debts after one year -€31,623
down €31,623 (-60.9%), from €51,900 to €20,277
- Reserves +€22,576
up €22,576 (+8.7%), from €260,995 to €283,572
- Trade debts -€9,538
down €9,538 (-64.3%), from €14,836 to €5,298
- Gross operating margin +€4,456
up €4,456 (+8.3%), from €53,892 to €58,347
- Taxes +€1,242
up €1,242 (+11.5%), from €10,812 to €12,054
- Other operating charges -€1,040
down €1,040 (-27.8%), from €3,736 to €2,696
- Financial income +€976
up €976 (+22.3%), from €4,374 to €5,350
- Depreciation +€598
up €598 (+2.5%), from €23,742 to €24,340
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €371,199 | €353,370 | -€17,829 | -4.8% |
| Fixed assets | 21/28 | €95,734 | €80,581 | -€15,153 | -15.8% |
| Tangible fixed assets | 22/27 | €95,734 | €80,581 | -€15,153 | -15.8% |
| Land and buildings | 22 | €56,000 | €44,800 | -€11,200 | -20.0% |
| Plant, machinery and equipment | 23 | €4,872 | €11,720 | +€6,848 | +141% |
| Furniture and vehicles | 24 | €692 | €587 | -€105 | -15.1% |
| Leasing and similar rights | 25 | €34,170 | €23,474 | -€10,696 | -31.3% |
| Current assets | 29/58 | €275,465 | €272,789 | -€2,676 | -1.0% |
| Amounts receivable within one year | 40/41 | €6,175 | €9,740 | +€3,566 | +57.7% |
| Trade receivables | 40 | €1,344 | €760 | -€585 | -43.5% |
| Other amounts receivable | 41 | €4,831 | €8,981 | +€4,150 | +85.9% |
| Current investments | 50/53 | €190,403 | €218,686 | +€28,283 | +14.9% |
| Cash at bank and in hand | 54/58 | €77,707 | €44,362 | -€33,344 | -42.9% |
| Deferred charges and accrued income | 490/1 | €1,180 | - | -€1,180 | |
| Total equity and liabilities | 10/49 | €371,199 | €353,370 | -€17,829 | -4.8% |
| Equity | 10/15 | €273,595 | €296,172 | +€22,576 | +8.3% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €260,995 | €283,572 | +€22,576 | +8.7% |
| Distributable reserves | 133 | €260,995 | €283,572 | +€22,576 | +8.7% |
| Amounts payable | 17/49 | €97,604 | €57,198 | -€40,406 | -41.4% |
| Amounts payable after more than one year | 17 | €51,900 | €20,277 | -€31,623 | -60.9% |
| Financial debts | 170/4 | €51,900 | €20,277 | -€31,623 | -60.9% |
| Amounts payable within one year | 42/48 | €45,704 | €36,920 | -€8,783 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €30,868 | €31,623 | +€755 | +2.4% |
| Trade debts | 44 | €14,836 | €5,298 | -€9,538 | -64.3% |
| Suppliers | 440/4 | €14,836 | €5,298 | -€9,538 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,742 | €24,340 | +€598 | +2.5% |
| Other operating charges | 640/8 | €3,736 | €2,696 | -€1,040 | -27.8% |
| Gross operating margin | 9900 | €53,892 | €58,347 | +€4,456 | +8.3% |
| Operating profit (loss) | 9901 | €26,414 | €31,311 | +€4,898 | +18.5% |
| Financial income | 75/76B | €4,374 | €5,350 | +€976 | +22.3% |
| Recurring financial income | 75 | €4,374 | €5,350 | +€976 | +22.3% |
| Financial charges | 65/66B | €2,542 | €2,031 | -€511 | -20.1% |
| Recurring financial charges | 65 | €2,542 | €2,031 | -€511 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €28,245 | €34,631 | +€6,385 | +22.6% |
| Income taxes | 67/77 | €10,812 | €12,054 | +€1,242 | +11.5% |
| Profit (loss) for the period | 9904 | €17,433 | €22,576 | +€5,143 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,433 | €22,576 | +€5,143 | +29.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.