LTTBCut: 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.
LTTBCut
Largest movements
- Financial fixed assets +€278,369
up €278,369 (+155%), from €180,000 to €458,369
- Receivables within one year +€136,158
up €136,158 (+255%), from €53,479 to €189,637
of which Trade receivables: +€153,829
- Tangible fixed assets +€120,598
up €120,598 (+17,509%), from €689 to €121,286
- Cash +€37,528
up €37,528 (+4,556%), from €824 to €38,352
mainly Debts after one year (+€276,812) and Net result for the year (+€150,057)
- Debts after one year +€276,812
up €276,812 (+231%), from €119,696 to €396,508
- Reserves +€150,000
up €150,000 (+1,000%), from €15,000 to €165,000
- Tax, wage and social debts +€95,806
up €95,806 (+293%), from €32,677 to €128,483
- Current portion of long-term debt +€56,286
up €56,286 (+259%), from €21,698 to €77,984
- Gross operating margin +€210,733
up €210,733 (+454%), from €46,399 to €257,132
- Taxes +€68,162
up €68,162 (+696%), from €9,789 to €77,950
- Depreciation +€10,382
up €10,382 (+1,037%), from €1,001 to €11,383
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 | €240,413 | €818,146 | +€577,733 | +240% |
| Formation expenses | 20 | €1,866 | €1,354 | -€511 | -27.4% |
| Fixed assets | 21/28 | €180,689 | €579,655 | +€398,966 | +221% |
| Tangible fixed assets | 22/27 | €689 | €121,286 | +€120,598 | +17,509% |
| Furniture and vehicles | 24 | €689 | €121,286 | +€120,598 | +17,509% |
| Financial fixed assets | 28 | €180,000 | €458,369 | +€278,369 | +155% |
| Current assets | 29/58 | €57,859 | €237,137 | +€179,278 | +310% |
| Amounts receivable within one year | 40/41 | €53,479 | €189,637 | +€136,158 | +255% |
| Trade receivables | 40 | €35,340 | €189,169 | +€153,829 | +435% |
| Other amounts receivable | 41 | €18,139 | €468 | -€17,671 | -97.4% |
| Cash at bank and in hand | 54/58 | €824 | €38,352 | +€37,528 | +4,556% |
| Deferred charges and accrued income | 490/1 | €3,556 | €9,148 | +€5,592 | +157% |
| Total equity and liabilities | 10/49 | €240,413 | €818,146 | +€577,733 | +240% |
| Equity | 10/15 | €55,509 | €205,566 | +€150,057 | +270% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €165,000 | +€150,000 | +1,000% |
| Distributable reserves | 133 | €15,000 | €165,000 | +€150,000 | +1,000% |
| Profit (loss) carried forward | 14 | €509 | €566 | +€57 | +11.2% |
| Amounts payable | 17/49 | €184,904 | €612,580 | +€427,676 | +231% |
| Amounts payable after more than one year | 17 | €119,696 | €396,508 | +€276,812 | +231% |
| Financial debts | 170/4 | €119,696 | €396,508 | +€276,812 | +231% |
| Amounts payable within one year | 42/48 | €64,875 | €215,750 | +€150,876 | +233% |
| Current portion of amounts payable after more than one year | 42 | €21,698 | €77,984 | +€56,286 | +259% |
| Trade debts | 44 | €3,621 | €8,325 | +€4,705 | +130% |
| Suppliers | 440/4 | €3,621 | €8,325 | +€4,705 | +130% |
| Taxes, remuneration and social security | 45 | €32,677 | €128,483 | +€95,806 | +293% |
| Taxes | 450/3 | €32,677 | €128,483 | +€95,806 | +293% |
| Other amounts payable | 47/48 | €6,879 | €958 | -€5,920 | -86.1% |
| Accrued charges and deferred income | 492/3 | €333 | €321 | -€12 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,001 | €11,383 | +€10,382 | +1,037% |
| Other operating charges | 640/8 | €4,742 | €2,318 | -€2,424 | -51.1% |
| Gross operating margin | 9900 | €46,399 | €257,132 | +€210,733 | +454% |
| Operating profit (loss) | 9901 | €40,656 | €243,431 | +€202,774 | +499% |
| Financial income | 75/76B | €48 | €1,167 | +€1,119 | +2,340% |
| Recurring financial income | 75 | €48 | €1,167 | +€1,119 | +2,340% |
| Financial charges | 65/66B | €15,406 | €16,590 | +€1,184 | +7.7% |
| Recurring financial charges | 65 | €15,406 | €16,590 | +€1,184 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €25,298 | €228,008 | +€202,710 | +801% |
| Income taxes | 67/77 | €9,789 | €77,950 | +€68,162 | +696% |
| Profit (loss) for the period | 9904 | €15,509 | €150,057 | +€134,548 | +868% |
| Profit (loss) for the period to be appropriated | 9905 | €15,509 | €150,057 | +€134,548 | +868% |
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 24 October 2026 via checked.be.