LYTEC: what changed
Two fiscal 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.
LYTEC
Largest movements
- Receivables within one year +€17,740
up €17,740 (+165.7%), from €10,706 to €28,446
of which Trade receivables: +€14,216
- Tangible fixed assets -€10,773
down €10,773 (-38.7%), from €27,824 to €17,051
of which Plant, machinery and equipment: -€8,924
- Cash +€7,266
new in 2024: €7,266
mainly Net result for the year (+€29,148) and Trade debts (+€17,677)
- Deferred charges and accrued income -€550
no longer reported in 2024 (was €550)
- Profit (loss) carried forward +€29,148
up €29,148 (+47.1%), from -€61,861 to -€32,712
- Trade debts +€17,677
up €17,677 (+86.8%), from €20,374 to €38,051
- Other debts -€16,850
down €16,850 (-55.3%), from €30,476 to €13,625
- Tax, wage and social debts -€13,198
down €13,198 (-77.6%), from €16,997 to €3,800
of which Remuneration and social security: -€12,900
- Short-term financial debts -€3,093
no longer reported in 2024 (was €3,093)
- Gross operating margin +€39,506
up €39,506 (+5067.7%), from €780 to €40,286
- Turnover +€32,433
up €32,433 (+25.2%), from €128,715 to €161,148
- Purchases and services -€29,728
down €29,728 (-22.6%), from €131,569 to €101,842
- Write-downs -€18,020
no longer reported in 2024 (was €18,020)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,079 | €52,763 | +€13,684 | +35.0% |
| Fixed assets | 21/28 | €27,824 | €17,051 | -€10,773 | -38.7% |
| Tangible fixed assets | 22/27 | €27,824 | €17,051 | -€10,773 | -38.7% |
| Plant, machinery and equipment | 23 | €22,343 | €13,419 | -€8,924 | -39.9% |
| Furniture and vehicles | 24 | €5,481 | €3,632 | -€1,849 | -33.7% |
| Current assets | 29/58 | €11,256 | €35,712 | +€24,457 | +217.3% |
| Amounts receivable within one year | 40/41 | €10,706 | €28,446 | +€17,740 | +165.7% |
| Trade receivables | 40 | €10,706 | €24,922 | +€14,216 | +132.8% |
| Other amounts receivable | 41 | - | €3,524 | +€3,524 | |
| Cash at bank and in hand | 54/58 | - | €7,266 | +€7,266 | |
| Deferred charges and accrued income | 490/1 | €550 | - | -€550 | |
| Total equity and liabilities | 10/49 | €39,079 | €52,763 | +€13,684 | +35.0% |
| Equity | 10/15 | -€31,861 | -€2,712 | +€29,148 | +91.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,861 | -€32,712 | +€29,148 | +47.1% |
| Amounts payable | 17/49 | €70,940 | €55,475 | -€15,464 | -21.8% |
| Amounts payable within one year | 42/48 | €70,940 | €55,475 | -€15,464 | -21.8% |
| Financial debts | 43 | €3,093 | - | -€3,093 | |
| Credit institutions | 430/8 | €3,093 | - | -€3,093 | |
| Trade debts | 44 | €20,374 | €38,051 | +€17,677 | +86.8% |
| Suppliers | 440/4 | €20,374 | €38,051 | +€17,677 | +86.8% |
| Taxes, remuneration and social security | 45 | €16,997 | €3,800 | -€13,198 | -77.6% |
| Taxes | 450/3 | €4,097 | €3,800 | -€298 | -7.3% |
| Remuneration and social security | 454/9 | €12,900 | - | -€12,900 | |
| Other amounts payable | 47/48 | €30,476 | €13,625 | -€16,850 | -55.3% |
| Turnover | 70 | €128,715 | €161,148 | +€32,433 | +25.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €131,569 | €101,842 | -€29,728 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,773 | €10,773 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,020 | - | -€18,020 | |
| Other operating charges | 640/8 | €230 | €330 | +€100 | +43.7% |
| Gross operating margin | 9900 | €780 | €40,286 | +€39,506 | +5067.7% |
| Operating profit (loss) | 9901 | -€28,243 | €29,183 | +€57,426 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €946 | €35 | -€911 | -96.3% |
| Recurring financial charges | 65 | €946 | €35 | -€911 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,189 | €29,148 | +€58,337 | |
| Profit (loss) for the period | 9904 | -€29,189 | €29,148 | +€58,337 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,189 | €29,148 | +€58,337 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.