LTMe: 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.
LTMe
Largest movements
- Cash -€51,775
down €51,775 (-33.8%), from €153,385 to €101,610
mainly Trade debts (-€36,157) and Tax, wage and social debts (-€17,769)
- Receivables within one year +€15,865
up €15,865 (+37.9%), from €41,871 to €57,736
of which Trade receivables: +€14,550
- Tangible fixed assets -€13,460
down €13,460 (-76.6%), from €17,570 to €4,110
- Trade debts -€36,157
down €36,157 (-86.0%), from €42,053 to €5,896
- Tax, wage and social debts -€17,769
down €17,769 (-68.3%), from €26,031 to €8,262
of which Taxes: -€17,769
- Reserves +€3,428
up €3,428 (+7.3%), from €46,712 to €50,140
of which Distributable reserves: +€3,428
- Gross operating margin -€4,184
down €4,184 (-17.7%), from €23,683 to €19,498
- Taxes -€1,326
down €1,326 (-44.8%), from €2,959 to €1,633
- Financial income -€928
down €928 (-82.8%), from €1,121 to €193
- Financial charges -€646
down €646 (-77.1%), from €837 to €192
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 | €214,139 | €165,121 | -€49,018 | -22.9% |
| Fixed assets | 21/28 | €17,570 | €4,110 | -€13,460 | -76.6% |
| Tangible fixed assets | 22/27 | €17,570 | €4,110 | -€13,460 | -76.6% |
| Furniture and vehicles | 24 | €17,570 | €4,110 | -€13,460 | -76.6% |
| Current assets | 29/58 | €196,569 | €161,011 | -€35,558 | -18.1% |
| Amounts receivable within one year | 40/41 | €41,871 | €57,736 | +€15,865 | +37.9% |
| Trade receivables | 40 | €39,730 | €54,280 | +€14,550 | +36.6% |
| Other amounts receivable | 41 | €2,141 | €3,456 | +€1,316 | +61.5% |
| Current investments | 50/53 | - | €176 | +€176 | |
| Cash at bank and in hand | 54/58 | €153,385 | €101,610 | -€51,775 | -33.8% |
| Deferred charges and accrued income | 490/1 | €1,314 | €1,490 | +€176 | +13.4% |
| Total equity and liabilities | 10/49 | €214,139 | €165,121 | -€49,018 | -22.9% |
| Equity | 10/15 | €59,112 | €62,540 | +€3,428 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €46,712 | €50,140 | +€3,428 | +7.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €44,712 | €48,140 | +€3,428 | +7.7% |
| Amounts payable | 17/49 | €155,027 | €102,581 | -€52,446 | -33.8% |
| Amounts payable within one year | 42/48 | €155,027 | €102,581 | -€52,446 | -33.8% |
| Trade debts | 44 | €42,053 | €5,896 | -€36,157 | -86.0% |
| Suppliers | 440/4 | €42,053 | €5,896 | -€36,157 | -86.0% |
| Taxes, remuneration and social security | 45 | €26,031 | €8,262 | -€17,769 | -68.3% |
| Taxes | 450/3 | €26,031 | €8,262 | -€17,769 | -68.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €86,942 | €88,422 | +€1,480 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,460 | €13,460 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €979 | -€106 | -9.8% |
| Gross operating margin | 9900 | €23,683 | €19,498 | -€4,184 | -17.7% |
| Operating profit (loss) | 9901 | €9,137 | €5,059 | -€4,078 | -44.6% |
| Financial income | 75/76B | €1,121 | €193 | -€928 | -82.8% |
| Recurring financial income | 75 | €1,121 | €193 | -€928 | -82.8% |
| Financial charges | 65/66B | €837 | €192 | -€646 | -77.1% |
| Recurring financial charges | 65 | €837 | €192 | -€646 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €9,421 | €5,061 | -€4,360 | -46.3% |
| Income taxes | 67/77 | €2,959 | €1,633 | -€1,326 | -44.8% |
| Profit (loss) for the period | 9904 | €6,462 | €3,428 | -€3,034 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,462 | €3,428 | -€3,034 | -47.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.