LTML: 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.
LTML
Largest movements
- Stocks and contracts +€232,171
up €232,171 (+36.5%), from €635,909 to €868,080
- Trade debts +€167,488
up €167,488 (+74.7%), from €224,301 to €391,789
- Other debts +€71,955
up €71,955 (+32.9%), from €218,457 to €290,412
- Gross operating margin +€24,564
up €24,564 (+98.9%), from -€24,841 to -€276
- Other operating charges -€457
down €457 (-42.1%), from €1,086 to €629
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 | €744,352 | €977,884 | +€233,532 | +31.4% |
| Fixed assets | 21/28 | €1,050 | €1,050 | = | 0.0% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €743,302 | €976,834 | +€233,532 | +31.4% |
| Amounts receivable after more than one year | 29 | €55,971 | €55,971 | = | 0.0% |
| Trade receivables | 290 | €55,971 | €0 | -€55,971 | -100.0% |
| Other amounts receivable | 291 | - | €55,971 | +€55,971 | |
| Stocks and contracts in progress | 3 | €635,909 | €868,080 | +€232,171 | +36.5% |
| Stocks | 30/36 | €635,909 | €868,080 | +€232,171 | +36.5% |
| Amounts receivable within one year | 40/41 | €42,650 | €46,260 | +€3,610 | +8.5% |
| Trade receivables | 40 | €30,250 | €0 | -€30,250 | -100.0% |
| Other amounts receivable | 41 | €12,400 | €46,260 | +€33,860 | +273.1% |
| Cash at bank and in hand | 54/58 | €8,773 | €6,523 | -€2,249 | -25.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €744,352 | €977,884 | +€233,532 | +31.4% |
| Equity | 10/15 | €296,345 | €294,907 | -€1,438 | -0.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293,345 | €291,907 | -€1,438 | -0.5% |
| Amounts payable | 17/49 | €448,008 | €682,978 | +€234,970 | +52.4% |
| Amounts payable within one year | 42/48 | €448,008 | €682,978 | +€234,970 | +52.4% |
| Trade debts | 44 | €224,301 | €391,789 | +€167,488 | +74.7% |
| Suppliers | 440/4 | €224,301 | €391,789 | +€167,488 | +74.7% |
| Taxes, remuneration and social security | 45 | €5,250 | €777 | -€4,473 | -85.2% |
| Taxes | 450/3 | €5,250 | €777 | -€4,473 | -85.2% |
| Other amounts payable | 47/48 | €218,457 | €290,412 | +€71,955 | +32.9% |
| Other operating charges | 640/8 | €1,086 | €629 | -€457 | -42.1% |
| Gross operating margin | 9900 | -€24,841 | -€276 | +€24,564 | +98.9% |
| Operating profit (loss) | 9901 | -€25,926 | -€905 | +€25,021 | +96.5% |
| Financial charges | 65/66B | €726 | €533 | -€193 | -26.6% |
| Recurring financial charges | 65 | €726 | €533 | -€193 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,652 | -€1,438 | +€25,214 | +94.6% |
| Profit (loss) for the period | 9904 | -€26,652 | -€1,438 | +€25,214 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,652 | -€1,438 | +€25,214 | +94.6% |
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 3 October 2026 via checked.be.