LTS Concept: 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.
LTS Concept
Largest movements
- Cash -€13,035
down €13,035 (-66.5%), from €19,600 to €6,565
mainly Stocks and contracts (-€8,951) and Receivables within one year (-€5,789)
- Stocks and contracts +€8,951
new in 2025: €8,951
- Receivables within one year +€5,789
up €5,789 (+579.0%), from €1,000 to €6,789
of which Other amounts receivable: +€5,618
- Tax, wage and social debts +€2,313
up €2,313 (+46.3%), from €5,000 to €7,313
of which Taxes: +€1,313
- Other debts -€1,538
down €1,538 (-94.2%), from €1,634 to €95
- Profit (loss) carried forward +€1,271
up €1,271 (+8.8%), from €14,398 to €15,670
- Gross operating margin -€19,927
down €19,927 (-93.5%), from €21,301 to €1,375
- Taxes -€5,787
down €5,787, from €5,000 to -€787
- Depreciation -€892
down €892 (-59.5%), from €1,499 to €607
- Other operating charges -€264
down €264 (-80.1%), from €329 to €66
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 | €21,032 | €23,083 | +€2,051 | +9.8% |
| Fixed assets | 21/28 | €432 | €642 | +€210 | +48.6% |
| Tangible fixed assets | 22/27 | €432 | €642 | +€210 | +48.6% |
| Furniture and vehicles | 24 | €432 | €642 | +€210 | +48.6% |
| Current assets | 29/58 | €20,600 | €22,441 | +€1,841 | +8.9% |
| Stocks and contracts in progress | 3 | - | €8,951 | +€8,951 | |
| Stocks | 30/36 | - | €8,951 | +€8,951 | |
| Amounts receivable within one year | 40/41 | €1,000 | €6,789 | +€5,789 | +579.0% |
| Trade receivables | 40 | - | €171 | +€171 | |
| Other amounts receivable | 41 | €1,000 | €6,617 | +€5,618 | +561.9% |
| Cash at bank and in hand | 54/58 | €19,600 | €6,565 | -€13,035 | -66.5% |
| Deferred charges and accrued income | 490/1 | - | €136 | +€136 | |
| Total equity and liabilities | 10/49 | €21,032 | €23,083 | +€2,051 | +9.8% |
| Equity | 10/15 | €14,398 | €15,670 | +€1,271 | +8.8% |
| Profit (loss) carried forward | 14 | €14,398 | €15,670 | +€1,271 | +8.8% |
| Amounts payable | 17/49 | €6,634 | €7,413 | +€780 | +11.8% |
| Amounts payable within one year | 42/48 | €6,634 | €7,413 | +€780 | +11.8% |
| Trade debts | 44 | - | €5 | +€5 | |
| Suppliers | 440/4 | - | €5 | +€5 | |
| Taxes, remuneration and social security | 45 | €5,000 | €7,313 | +€2,313 | +46.3% |
| Taxes | 450/3 | €5,000 | €6,313 | +€1,313 | +26.3% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €1,634 | €95 | -€1,538 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,499 | €607 | -€892 | -59.5% |
| Other operating charges | 640/8 | €329 | €66 | -€264 | -80.1% |
| Gross operating margin | 9900 | €21,301 | €1,375 | -€19,927 | -93.5% |
| Operating profit (loss) | 9901 | €19,473 | €702 | -€18,771 | -96.4% |
| Financial charges | 65/66B | €74 | €218 | +€143 | +192.4% |
| Recurring financial charges | 65 | €74 | €218 | +€143 | +192.4% |
| Profit (loss) for the period before taxes | 9903 | €19,398 | €484 | -€18,915 | -97.5% |
| Income taxes | 67/77 | €5,000 | -€787 | -€5,787 | |
| Profit (loss) for the period | 9904 | €14,398 | €1,271 | -€13,127 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,398 | €1,271 | -€13,127 | -91.2% |
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.