LTR TRADING: 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 TRADING
Largest movements
- Receivables within one year +€34,659
up €34,659 (+512%), from €6,764 to €41,423
of which Trade receivables: +€37,935
- Current investments +€2,727
new in 2025: €2,727
- Other debts +€23,163
up €23,163 (+6,158%), from €376 to €23,539
- Tax, wage and social debts +€12,000
new in 2025: €12,000
- Profit (loss) carried forward +€1,890
up €1,890 (+15.8%), from -€11,966 to -€10,076
- Gross operating margin -€6,097
down €6,097 (-74.7%), from €8,159 to €2,062
- Depreciation -€333
no longer reported in 2025 (was €333)
- Financial charges +€108
new in 2025: €108
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,097 | €44,150 | +€37,053 | +522% |
| Fixed assets | 21/28 | €333 | - | -€333 | |
| Tangible fixed assets | 22/27 | €333 | - | -€333 | |
| Furniture and vehicles | 24 | €333 | - | -€333 | |
| Current assets | 29/58 | €6,764 | €44,150 | +€37,386 | +553% |
| Amounts receivable within one year | 40/41 | €6,764 | €41,423 | +€34,659 | +512% |
| Trade receivables | 40 | - | €37,935 | +€37,935 | |
| Other amounts receivable | 41 | €6,764 | €3,488 | -€3,276 | -48.4% |
| Current investments | 50/53 | - | €2,727 | +€2,727 | |
| Total equity and liabilities | 10/49 | €7,097 | €44,150 | +€37,053 | +522% |
| Equity | 10/15 | €6,721 | €8,612 | +€1,890 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88 | €88 | = | 0.0% |
| Non-distributable reserves | 130/1 | €88 | €88 | = | 0.0% |
| Legal reserve | 130 | €88 | €88 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,966 | -€10,076 | +€1,890 | +15.8% |
| Amounts payable | 17/49 | €376 | €35,539 | +€35,163 | +9,349% |
| Amounts payable within one year | 42/48 | €376 | €35,539 | +€35,163 | +9,349% |
| Taxes, remuneration and social security | 45 | - | €12,000 | +€12,000 | |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €376 | €23,539 | +€23,163 | +6,158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | - | -€333 | |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €8,159 | €2,062 | -€6,097 | -74.7% |
| Operating profit (loss) | 9901 | €7,826 | €1,998 | -€5,828 | -74.5% |
| Financial charges | 65/66B | - | €108 | +€108 | |
| Recurring financial charges | 65 | - | €108 | +€108 | |
| Profit (loss) for the period before taxes | 9903 | €7,826 | €1,890 | -€5,936 | -75.8% |
| Profit (loss) for the period | 9904 | €7,826 | €1,890 | -€5,936 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,826 | €1,890 | -€5,936 | -75.8% |
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 20 October 2026 via checked.be.