LTR CONSULTING: 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.
LTR CONSULTING
Largest movements
- Cash -€30,926
down €30,926 (-95.6%), from €32,342 to €1,416
mainly Investment in fixed assets (net) (-€26,807) and Net result for the year (-€23,078)
- Tangible fixed assets +€24,901
up €24,901 (+1461.0%), from €1,704 to €26,606
- Receivables within one year -€6,019
down €6,019 (-68.6%), from €8,773 to €2,753
of which Trade receivables: -€8,773
- Deferred charges and accrued income +€445
new in 2025: €445
- Profit (loss) carried forward -€23,078
down €23,078, from €21,390 to -€1,688
- Other debts +€22,493
new in 2025: €22,493
- Tax, wage and social debts -€6,634
down €6,634 (-51.5%), from €12,884 to €6,250
of which Remuneration and social security: -€3,701
- Trade debts -€4,381
down €4,381 (-96.4%), from €4,545 to €164
- Gross operating margin -€57,983
down €57,983, from €36,928 to -€21,055
- Taxes -€6,433
down €6,433 (-99.5%), from €6,467 to €34
- Depreciation +€1,258
up €1,258 (+194.3%), from €647 to €1,906
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 | €42,819 | €31,219 | -€11,599 | -27.1% |
| Fixed assets | 21/28 | €1,704 | €26,606 | +€24,901 | +1461.0% |
| Tangible fixed assets | 22/27 | €1,704 | €26,606 | +€24,901 | +1461.0% |
| Furniture and vehicles | 24 | €1,704 | €26,606 | +€24,901 | +1461.0% |
| Current assets | 29/58 | €41,114 | €4,614 | -€36,500 | -88.8% |
| Amounts receivable within one year | 40/41 | €8,773 | €2,753 | -€6,019 | -68.6% |
| Trade receivables | 40 | €8,773 | - | -€8,773 | |
| Other amounts receivable | 41 | - | €2,753 | +€2,753 | |
| Cash at bank and in hand | 54/58 | €32,342 | €1,416 | -€30,926 | -95.6% |
| Deferred charges and accrued income | 490/1 | - | €445 | +€445 | |
| Total equity and liabilities | 10/49 | €42,819 | €31,219 | -€11,599 | -27.1% |
| Equity | 10/15 | €25,390 | €2,312 | -€23,078 | -90.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,390 | -€1,688 | -€23,078 | |
| Amounts payable | 17/49 | €17,429 | €28,907 | +€11,478 | +65.9% |
| Amounts payable within one year | 42/48 | €17,429 | €28,907 | +€11,478 | +65.9% |
| Trade debts | 44 | €4,545 | €164 | -€4,381 | -96.4% |
| Suppliers | 440/4 | €4,545 | €164 | -€4,381 | -96.4% |
| Taxes, remuneration and social security | 45 | €12,884 | €6,250 | -€6,634 | -51.5% |
| Taxes | 450/3 | €9,183 | €6,250 | -€2,933 | -31.9% |
| Remuneration and social security | 454/9 | €3,701 | - | -€3,701 | |
| Other amounts payable | 47/48 | - | €22,493 | +€22,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €1,906 | +€1,258 | +194.3% |
| Other operating charges | 640/8 | €101 | €103 | +€2 | +2.0% |
| Gross operating margin | 9900 | €36,928 | -€21,055 | -€57,983 | |
| Operating profit (loss) | 9901 | €36,180 | -€23,063 | -€59,243 | |
| Financial income | 75/76B | €144 | €115 | -€29 | -19.9% |
| Recurring financial income | 75 | €144 | €115 | -€29 | -19.9% |
| Financial charges | 65/66B | €108 | €96 | -€13 | -11.7% |
| Recurring financial charges | 65 | €108 | €96 | -€13 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €36,215 | -€23,043 | -€59,259 | |
| Income taxes | 67/77 | €6,467 | €34 | -€6,433 | -99.5% |
| Profit (loss) for the period | 9904 | €29,749 | -€23,078 | -€52,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,749 | -€23,078 | -€52,826 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.