LTM 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.
LTM Services
Largest movements
- Cash +€30,124
up €30,124 (+173.3%), from €17,379 to €47,503
mainly Net result for the year (+€32,917) and Trade debts (+€20,151)
- Deferred charges and accrued income +€16,414
new in 2025: €16,414
- Receivables within one year +€7,320
new in 2025: €7,320
of which Trade receivables: +€6,300
- Tangible fixed assets +€4,075
new in 2025: €4,075
of which Other tangible fixed assets: +€2,228
- Reserves +€32,917
up €32,917 (+433.9%), from €7,586 to €40,502
- Trade debts +€20,151
up €20,151 (+1811.1%), from €1,113 to €21,264
- Tax, wage and social debts +€4,753
up €4,753 (+109.4%), from €4,345 to €9,097
- Gross operating margin +€33,977
up €33,977 (+336.5%), from €10,098 to €44,075
- Taxes +€6,621
up €6,621 (+267.4%), from €2,476 to €9,097
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 | €17,379 | €75,352 | +€57,972 | +333.6% |
| Fixed assets | 21/28 | - | €4,115 | +€4,115 | |
| Tangible fixed assets | 22/27 | - | €4,075 | +€4,075 | |
| Furniture and vehicles | 24 | - | €1,847 | +€1,847 | |
| Other tangible fixed assets | 26 | - | €2,228 | +€2,228 | |
| Financial fixed assets | 28 | - | €40 | +€40 | |
| Current assets | 29/58 | €17,379 | €71,237 | +€53,857 | +309.9% |
| Amounts receivable within one year | 40/41 | - | €7,320 | +€7,320 | |
| Trade receivables | 40 | - | €6,300 | +€6,300 | |
| Other amounts receivable | 41 | - | €1,020 | +€1,020 | |
| Cash at bank and in hand | 54/58 | €17,379 | €47,503 | +€30,124 | +173.3% |
| Deferred charges and accrued income | 490/1 | - | €16,414 | +€16,414 | |
| Total equity and liabilities | 10/49 | €17,379 | €75,352 | +€57,972 | +333.6% |
| Equity | 10/15 | €10,586 | €43,502 | +€32,917 | +310.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,586 | €40,502 | +€32,917 | +433.9% |
| Distributable reserves | 133 | €7,586 | €40,502 | +€32,917 | +433.9% |
| Amounts payable | 17/49 | €6,793 | €31,849 | +€25,056 | +368.8% |
| Amounts payable within one year | 42/48 | €6,793 | €31,631 | +€24,837 | +365.6% |
| Trade debts | 44 | €1,113 | €21,264 | +€20,151 | +1811.1% |
| Suppliers | 440/4 | €1,113 | €21,264 | +€20,151 | +1811.1% |
| Taxes, remuneration and social security | 45 | €4,345 | €9,097 | +€4,753 | +109.4% |
| Taxes | 450/3 | €4,345 | €9,097 | +€4,753 | +109.4% |
| Other amounts payable | 47/48 | €1,336 | €1,270 | -€66 | -5.0% |
| Accrued charges and deferred income | 492/3 | - | €219 | +€219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €391 | +€391 | |
| Other operating charges | 640/8 | - | €268 | +€268 | |
| Non-recurring operating charges | 66A | - | €1,112 | +€1,112 | |
| Gross operating margin | 9900 | €10,098 | €44,075 | +€33,977 | +336.5% |
| Operating profit (loss) | 9901 | €10,098 | €42,305 | +€32,206 | +318.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €36 | €291 | +€255 | +704.7% |
| Recurring financial charges | 65 | €36 | €291 | +€255 | +704.7% |
| Profit (loss) for the period before taxes | 9903 | €10,062 | €42,014 | +€31,952 | +317.5% |
| Income taxes | 67/77 | €2,476 | €9,097 | +€6,621 | +267.4% |
| Profit (loss) for the period | 9904 | €7,586 | €32,917 | +€25,331 | +333.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,586 | €32,917 | +€25,331 | +333.9% |
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 4 October 2026 via checked.be.