LTU CONSULT: 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.
LTU CONSULT
Largest movements
- Receivables after one year +€50,000
new in 2025: €50,000
- Cash -€44,343
down €44,343 (-85.5%), from €51,836 to €7,493
mainly Receivables after one year (-€50,000) and Receivables within one year (-€6,542)
- Receivables within one year +€6,542
up €6,542 (+16.3%), from €40,071 to €46,613
of which Other amounts receivable: +€7,975
- Profit (loss) carried forward +€5,801
up €5,801 (+37.5%), from €15,463 to €21,265
- Other debts +€2,648
up €2,648 (+86.0%), from €3,078 to €5,726
- Trade debts +€1,543
up €1,543 (+405.6%), from €381 to €1,924
- Tax, wage and social debts +€1,434
up €1,434 (+29.7%), from €4,830 to €6,264
of which Taxes: +€1,434
- Financial income -€21,070
down €21,070 (-100.0%), from €21,071 to €1
of which Non-recurring financial income: -€21,071
- Taxes -€6,069
down €6,069 (-61.3%), from €9,906 to €3,837
- Gross operating margin -€4,621
down €4,621 (-26.1%), from €17,726 to €13,105
- Other operating charges -€2,383
down €2,383 (-75.6%), from €3,153 to €770
- Depreciation -€230
down €230 (-8.0%), from €2,882 to €2,652
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 | €101,163 | €112,589 | +€11,426 | +11.3% |
| Fixed assets | 21/28 | €6,479 | €5,916 | -€563 | -8.7% |
| Tangible fixed assets | 22/27 | €6,299 | €5,736 | -€563 | -8.9% |
| Plant, machinery and equipment | 23 | €3,754 | €2,598 | -€1,157 | -30.8% |
| Furniture and vehicles | 24 | €2,545 | €3,139 | +€594 | +23.3% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €94,684 | €106,672 | +€11,989 | +12.7% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €40,071 | €46,613 | +€6,542 | +16.3% |
| Trade receivables | 40 | €40,071 | €38,639 | -€1,433 | -3.6% |
| Other amounts receivable | 41 | €0 | €7,975 | +€7,975 | |
| Cash at bank and in hand | 54/58 | €51,836 | €7,493 | -€44,343 | -85.5% |
| Deferred charges and accrued income | 490/1 | €2,777 | €2,566 | -€211 | -7.6% |
| Total equity and liabilities | 10/49 | €101,163 | €112,589 | +€11,426 | +11.3% |
| Equity | 10/15 | €92,874 | €98,676 | +€5,801 | +6.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €76,411 | €76,411 | = | 0.0% |
| Distributable reserves | 133 | €76,411 | €76,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,463 | €21,265 | +€5,801 | +37.5% |
| Amounts payable | 17/49 | €8,288 | €13,913 | +€5,625 | +67.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €8,288 | €13,913 | +€5,625 | +67.9% |
| Trade debts | 44 | €381 | €1,924 | +€1,543 | +405.6% |
| Suppliers | 440/4 | €381 | €1,924 | +€1,543 | +405.6% |
| Taxes, remuneration and social security | 45 | €4,830 | €6,264 | +€1,434 | +29.7% |
| Taxes | 450/3 | €4,830 | €6,264 | +€1,434 | +29.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,078 | €5,726 | +€2,648 | +86.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,882 | €2,652 | -€230 | -8.0% |
| Other operating charges | 640/8 | €3,153 | €770 | -€2,383 | -75.6% |
| Gross operating margin | 9900 | €17,726 | €13,105 | -€4,621 | -26.1% |
| Operating profit (loss) | 9901 | €11,690 | €9,683 | -€2,008 | -17.2% |
| Financial income | 75/76B | €21,071 | €1 | -€21,070 | -100.0% |
| Recurring financial income | 75 | €21,071 | €1 | -€21,070 | -100.0% |
| Non-recurring financial income | 76B | €21,071 | - | -€21,071 | |
| Financial charges | 65/66B | €45 | €45 | -€0 | -0.3% |
| Recurring financial charges | 65 | €45 | €45 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €32,716 | €9,638 | -€23,078 | -70.5% |
| Income taxes | 67/77 | €9,906 | €3,837 | -€6,069 | -61.3% |
| Profit (loss) for the period | 9904 | €22,810 | €5,801 | -€17,009 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,810 | €5,801 | -€17,009 | -74.6% |
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.