LTH - Services: 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.
LTH - Services
Largest movements
- Receivables after one year +€100,000
up €100,000 (+200.0%), from €50,000 to €150,000
- Receivables within one year +€23,438
up €23,438 (+274.3%), from €8,544 to €31,982
of which Trade receivables: +€17,770
- Cash +€21,400
up €21,400 (+109.6%), from €19,529 to €40,929
mainly Net result for the year (+€111,886) and Tax, wage and social debts (+€35,052)
- Reserves +€111,886
up €111,886 (+187.9%), from €59,551 to €171,437
- Tax, wage and social debts +€35,052
up €35,052 (+217.7%), from €16,100 to €51,152
- Gross operating margin +€68,650
up €68,650 (+88.5%), from €77,553 to €146,204
- Taxes +€18,240
up €18,240 (+119.6%), from €15,253 to €33,493
- Depreciation -€2,349
down €2,349 (-87.4%), from €2,688 to €339
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 | €78,801 | €224,125 | +€145,324 | +184.4% |
| Fixed assets | 21/28 | €729 | €389 | -€339 | -46.6% |
| Tangible fixed assets | 22/27 | €729 | €389 | -€339 | -46.6% |
| Furniture and vehicles | 24 | €729 | €389 | -€339 | -46.6% |
| Current assets | 29/58 | €78,073 | €223,736 | +€145,663 | +186.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Other amounts receivable | 291 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Amounts receivable within one year | 40/41 | €8,544 | €31,982 | +€23,438 | +274.3% |
| Trade receivables | 40 | €8,544 | €26,314 | +€17,770 | +208.0% |
| Other amounts receivable | 41 | - | €5,668 | +€5,668 | |
| Cash at bank and in hand | 54/58 | €19,529 | €40,929 | +€21,400 | +109.6% |
| Deferred charges and accrued income | 490/1 | - | €825 | +€825 | |
| Total equity and liabilities | 10/49 | €78,801 | €224,125 | +€145,324 | +184.4% |
| Equity | 10/15 | €59,551 | €171,437 | +€111,886 | +187.9% |
| Reserves | 13 | €59,551 | €171,437 | +€111,886 | +187.9% |
| Distributable reserves | 133 | €59,551 | €171,437 | +€111,886 | +187.9% |
| Amounts payable | 17/49 | €19,250 | €52,688 | +€33,438 | +173.7% |
| Amounts payable within one year | 42/48 | €19,250 | €52,688 | +€33,438 | +173.7% |
| Trade debts | 44 | €1,906 | €1,536 | -€370 | -19.4% |
| Suppliers | 440/4 | €1,906 | €1,536 | -€370 | -19.4% |
| Taxes, remuneration and social security | 45 | €16,100 | €51,152 | +€35,052 | +217.7% |
| Taxes | 450/3 | €16,100 | €51,152 | +€35,052 | +217.7% |
| Other amounts payable | 47/48 | €1,244 | - | -€1,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,688 | €339 | -€2,349 | -87.4% |
| Other operating charges | 640/8 | €50 | €510 | +€460 | +919.4% |
| Gross operating margin | 9900 | €77,553 | €146,204 | +€68,650 | +88.5% |
| Operating profit (loss) | 9901 | €74,815 | €145,355 | +€70,540 | +94.3% |
| Financial income | 75/76B | €0 | €131 | +€131 | +65510.0% |
| Recurring financial income | 75 | €0 | €131 | +€131 | +65510.0% |
| Financial charges | 65/66B | €12 | €107 | +€96 | +832.2% |
| Recurring financial charges | 65 | €12 | €107 | +€96 | +832.2% |
| Profit (loss) for the period before taxes | 9903 | €74,804 | €145,379 | +€70,575 | +94.3% |
| Income taxes | 67/77 | €15,253 | €33,493 | +€18,240 | +119.6% |
| Profit (loss) for the period | 9904 | €59,551 | €111,886 | +€52,335 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,551 | €111,886 | +€52,335 | +87.9% |
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.