LTH-V Degrande: 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.
LTH-V Degrande
Largest movements
- Cash +€110,889
up €110,889 (+96.0%), from €115,503 to €226,392
mainly Net result for the year (+€112,737) and Other debts (+€8,349)
- Receivables within one year +€11,888
up €11,888 (+18.9%), from €62,772 to €74,659
- Reserves +€111,904
up €111,904 (+84.9%), from €131,756 to €243,660
of which Distributable reserves: +€111,904
- Other debts +€8,349
up €8,349 (+30.1%), from €27,704 to €36,053
- Gross operating margin +€51,926
up €51,926 (+46.0%), from €112,786 to €164,712
- Taxes +€19,782
up €19,782 (+67.2%), from €29,438 to €49,220
- Depreciation -€4,850
down €4,850 (-89.0%), from €5,449 to €599
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 | €180,820 | €302,997 | +€122,177 | +67.6% |
| Fixed assets | 21/28 | €2,545 | €1,946 | -€599 | -23.5% |
| Tangible fixed assets | 22/27 | €2,545 | €1,946 | -€599 | -23.5% |
| Plant, machinery and equipment | 23 | €2,545 | €1,946 | -€599 | -23.5% |
| Current assets | 29/58 | €178,275 | €301,051 | +€122,776 | +68.9% |
| Amounts receivable within one year | 40/41 | €62,772 | €74,659 | +€11,888 | +18.9% |
| Trade receivables | 40 | €62,772 | €74,659 | +€11,888 | +18.9% |
| Cash at bank and in hand | 54/58 | €115,503 | €226,392 | +€110,889 | +96.0% |
| Total equity and liabilities | 10/49 | €180,820 | €302,997 | +€122,177 | +67.6% |
| Equity | 10/15 | €136,756 | €248,660 | +€111,904 | +81.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €131,756 | €243,660 | +€111,904 | +84.9% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €131,256 | €243,160 | +€111,904 | +85.3% |
| Amounts payable | 17/49 | €44,063 | €54,337 | +€10,274 | +23.3% |
| Amounts payable within one year | 42/48 | €44,063 | €54,337 | +€10,274 | +23.3% |
| Trade debts | 44 | €127 | - | -€127 | |
| Suppliers | 440/4 | €127 | - | -€127 | |
| Taxes, remuneration and social security | 45 | €16,232 | €18,284 | +€2,052 | +12.6% |
| Taxes | 450/3 | €10,307 | €15,984 | +€5,677 | +55.1% |
| Remuneration and social security | 454/9 | €5,925 | €2,300 | -€3,625 | -61.2% |
| Other amounts payable | 47/48 | €27,704 | €36,053 | +€8,349 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,449 | €599 | -€4,850 | -89.0% |
| Other operating charges | 640/8 | €520 | - | -€520 | |
| Gross operating margin | 9900 | €112,786 | €164,712 | +€51,926 | +46.0% |
| Operating profit (loss) | 9901 | €106,817 | €164,113 | +€57,296 | +53.6% |
| Financial charges | 65/66B | €3,225 | €2,156 | -€1,069 | -33.2% |
| Recurring financial charges | 65 | €3,225 | €2,156 | -€1,069 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €103,591 | €161,957 | +€58,365 | +56.3% |
| Income taxes | 67/77 | €29,438 | €49,220 | +€19,782 | +67.2% |
| Profit (loss) for the period | 9904 | €74,153 | €112,737 | +€38,583 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,153 | €112,737 | +€38,583 | +52.0% |
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 12 October 2026 via checked.be.