LTS 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.
LTS CONSULTING
Largest movements
- Cash +€260,480
up €260,480 (+385%), from €67,661 to €328,141
mainly Net result for the year (+€334,048) and Other debts (+€230,422)
- Current investments +€179,030
up €179,030 (+379%), from €47,213 to €226,242
- Receivables within one year -€107,804
down €107,804 (-21.2%), from €509,186 to €401,382
of which Trade receivables: -€101,615
- Tangible fixed assets -€64,499
down €64,499 (-7.3%), from €887,433 to €822,934
of which Land and buildings: -€59,205
- Other debts +€230,422
up €230,422 (+289%), from €79,600 to €310,022
- Debts after one year -€104,156
down €104,156 (-21.0%), from €495,145 to €390,989
- Tax, wage and social debts +€100,928
up €100,928 (+63.7%), from €158,477 to €259,405
- Provisions +€76,702
new in 2025: €76,702
- Reserves -€25,317
down €25,317 (-3.7%), from €677,144 to €651,827
- Gross operating margin +€356,694
up €356,694 (+84.8%), from €420,718 to €777,412
- Taxes +€92,274
up €92,274 (+128%), from €72,162 to €164,436
- Provisions +€76,702
new in 2025: €76,702
- Financial charges +€8,735
up €8,735 (+28.9%), from €30,237 to €38,972
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
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 | €1,521,009 | €1,789,705 | +€268,697 | +17.7% |
| Fixed assets | 21/28 | €887,433 | €822,934 | -€64,499 | -7.3% |
| Tangible fixed assets | 22/27 | €887,433 | €822,934 | -€64,499 | -7.3% |
| Land and buildings | 22 | €596,276 | €537,071 | -€59,205 | -9.9% |
| Plant, machinery and equipment | 23 | €19,673 | €16,949 | -€2,724 | -13.8% |
| Furniture and vehicles | 24 | €248,882 | €249,073 | +€191 | +0.1% |
| Other tangible fixed assets | 26 | €22,602 | €19,841 | -€2,761 | -12.2% |
| Current assets | 29/58 | €633,576 | €966,771 | +€333,196 | +52.6% |
| Amounts receivable within one year | 40/41 | €509,186 | €401,382 | -€107,804 | -21.2% |
| Trade receivables | 40 | €498,974 | €397,359 | -€101,615 | -20.4% |
| Other amounts receivable | 41 | €10,212 | €4,023 | -€6,189 | -60.6% |
| Current investments | 50/53 | €47,213 | €226,242 | +€179,030 | +379% |
| Cash at bank and in hand | 54/58 | €67,661 | €328,141 | +€260,480 | +385% |
| Deferred charges and accrued income | 490/1 | €9,516 | €11,005 | +€1,489 | +15.7% |
| Total equity and liabilities | 10/49 | €1,521,009 | €1,789,705 | +€268,697 | +17.7% |
| Equity | 10/15 | €683,344 | €658,027 | -€25,317 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €677,144 | €651,827 | -€25,317 | -3.7% |
| Distributable reserves | 133 | €677,144 | €651,827 | -€25,317 | -3.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | - | €76,702 | +€76,702 | |
| Provisions for liabilities and charges | 160/5 | - | €76,702 | +€76,702 | |
| Other liabilities and charges | 164/5 | - | €76,702 | +€76,702 | |
| Amounts payable | 17/49 | €837,665 | €1,054,977 | +€217,312 | +25.9% |
| Amounts payable after more than one year | 17 | €495,145 | €390,989 | -€104,156 | -21.0% |
| Financial debts | 170/4 | €495,145 | €390,989 | -€104,156 | -21.0% |
| Amounts payable within one year | 42/48 | €341,113 | €660,452 | +€319,339 | +93.6% |
| Current portion of amounts payable after more than one year | 42 | €79,876 | €83,377 | +€3,501 | +4.4% |
| Financial debts | 43 | €10,142 | - | -€10,142 | |
| Credit institutions | 430/8 | €10,142 | - | -€10,142 | |
| Trade debts | 44 | €13,018 | €7,648 | -€5,370 | -41.2% |
| Suppliers | 440/4 | €13,018 | €7,648 | -€5,370 | -41.2% |
| Taxes, remuneration and social security | 45 | €158,477 | €259,405 | +€100,928 | +63.7% |
| Taxes | 450/3 | €158,477 | €259,405 | +€100,928 | +63.7% |
| Other amounts payable | 47/48 | €79,600 | €310,022 | +€230,422 | +289% |
| Accrued charges and deferred income | 492/3 | €1,407 | €3,535 | +€2,128 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,440 | €76,108 | -€2,332 | -3.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €76,702 | +€76,702 | |
| Other operating charges | 640/8 | €83,280 | €87,175 | +€3,895 | +4.7% |
| Gross operating margin | 9900 | €420,718 | €777,412 | +€356,694 | +84.8% |
| Operating profit (loss) | 9901 | €258,999 | €537,428 | +€278,429 | +108% |
| Financial income | 75/76B | €982 | €28 | -€953 | -97.1% |
| Recurring financial income | 75 | €982 | €28 | -€953 | -97.1% |
| Financial charges | 65/66B | €30,237 | €38,972 | +€8,735 | +28.9% |
| Recurring financial charges | 65 | €30,237 | €38,972 | +€8,735 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €229,743 | €498,484 | +€268,741 | +117% |
| Income taxes | 67/77 | €72,162 | €164,436 | +€92,274 | +128% |
| Profit (loss) for the period | 9904 | €157,581 | €334,048 | +€176,467 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €157,581 | €334,048 | +€176,467 | +112% |
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 14 October 2026 via checked.be.