LTIM CONSULT: 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.
LTIM CONSULT
Largest movements
- Current investments -€75,000
no longer reported in 2024 (was €75,000)
- Cash +€43,884
up €43,884 (+33.7%), from €130,287 to €174,171
mainly Current investments (+€75,000) and Depreciation (+€24,990)
- Tangible fixed assets -€17,481
down €17,481 (-5.2%), from €334,766 to €317,286
- Debts after one year -€50,200
down €50,200 (-14.8%), from €339,412 to €289,212
of which Financial debts: -€39,200
- Other debts -€11,709
down €11,709 (-89.6%), from €13,075 to €1,366
- Profit (loss) carried forward +€7,561
up €7,561 (+8.8%), from -€86,397 to -€78,836
- Gross operating margin +€7,086
up €7,086 (+18.8%), from €37,688 to €44,775
- Financial income +€2,414
new in 2024: €2,414
- Other operating charges -€949
down €949 (-18.7%), from €5,085 to €4,136
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €559,533 | €511,661 | -€47,873 | -8.6% |
| Fixed assets | 21/28 | €334,766 | €317,286 | -€17,481 | -5.2% |
| Tangible fixed assets | 22/27 | €334,766 | €317,286 | -€17,481 | -5.2% |
| Land and buildings | 22 | €334,766 | €317,286 | -€17,481 | -5.2% |
| Current assets | 29/58 | €224,767 | €194,375 | -€30,392 | -13.5% |
| Amounts receivable within one year | 40/41 | €18,835 | €19,560 | +€724 | +3.8% |
| Trade receivables | 40 | €18,835 | €18,835 | = | 0.0% |
| Other amounts receivable | 41 | - | €724 | +€724 | |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €130,287 | €174,171 | +€43,884 | +33.7% |
| Deferred charges and accrued income | 490/1 | €644 | €644 | = | 0.0% |
| Total equity and liabilities | 10/49 | €559,533 | €511,661 | -€47,873 | -8.6% |
| Equity | 10/15 | €153,303 | €160,864 | +€7,561 | +4.9% |
| Contributions | 10/11 | €39,700 | €39,700 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,397 | -€78,836 | +€7,561 | +8.8% |
| Amounts payable | 17/49 | €406,230 | €350,797 | -€55,433 | -13.6% |
| Amounts payable after more than one year | 17 | €339,412 | €289,212 | -€50,200 | -14.8% |
| Financial debts | 170/4 | €325,452 | €286,252 | -€39,200 | -12.0% |
| Other amounts payable | 178/9 | €13,960 | €2,960 | -€11,000 | -78.8% |
| Amounts payable within one year | 42/48 | €58,157 | €52,923 | -€5,233 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €39,410 | €40,495 | +€1,084 | +2.8% |
| Trade debts | 44 | €5,672 | €11,063 | +€5,391 | +95.1% |
| Suppliers | 440/4 | €5,672 | €11,063 | +€5,391 | +95.1% |
| Other amounts payable | 47/48 | €13,075 | €1,366 | -€11,709 | -89.6% |
| Accrued charges and deferred income | 492/3 | €8,662 | €8,662 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,656 | €24,990 | +€334 | +1.4% |
| Other operating charges | 640/8 | €5,085 | €4,136 | -€949 | -18.7% |
| Gross operating margin | 9900 | €37,688 | €44,775 | +€7,086 | +18.8% |
| Operating profit (loss) | 9901 | €7,947 | €15,649 | +€7,702 | +96.9% |
| Financial income | 75/76B | - | €2,414 | +€2,414 | |
| Recurring financial income | 75 | - | €2,414 | +€2,414 | |
| Financial charges | 65/66B | €10,928 | €10,502 | -€426 | -3.9% |
| Recurring financial charges | 65 | €10,928 | €10,502 | -€426 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,981 | €7,561 | +€10,542 | |
| Profit (loss) for the period | 9904 | -€2,981 | €7,561 | +€10,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,981 | €7,561 | +€10,542 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.