LYTHO: 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.
LYTHO
Largest movements
- Tangible fixed assets +€501,242
up €501,242 (+112.7%), from €444,822 to €946,064
of which Land and buildings: +€716,858
- Cash -€130,437
down €130,437 (-22.1%), from €590,958 to €460,521
mainly Investment in fixed assets (net) (-€526,972) and Contributions, distributions and other (-€182,577)
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€75,863
up €75,863 (+45.1%), from €168,211 to €244,074
of which Trade receivables: +€78,012
- Intangible fixed assets -€26,792
down €26,792 (-32.0%), from €83,797 to €57,005
- Profit (loss) carried forward +€225,645
up €225,645 (+52.2%), from €432,677 to €658,322
- Debts after one year +€219,911
up €219,911 (+44.3%), from €496,194 to €716,106
of which Financial debts: +€219,911
- Current portion of long-term debt +€44,993
up €44,993 (+125.2%), from €35,933 to €80,926
- Tax, wage and social debts +€34,478
up €34,478 (+122.8%), from €28,072 to €62,550
of which Taxes: +€26,261
- Gross operating margin +€199,863
up €199,863 (+31.1%), from €643,350 to €843,213
- Staff costs +€96,099
up €96,099 (+52.6%), from €182,639 to €278,738
- Depreciation +€19,552
up €19,552 (+59.3%), from €32,970 to €52,522
- Taxes +€12,247
up €12,247 (+22.7%), from €54,064 to €66,311
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 | €1,307,090 | €1,837,690 | +€530,600 | +40.6% |
| Fixed assets | 21/28 | €528,871 | €1,003,321 | +€474,450 | +89.7% |
| Intangible fixed assets | 21 | €83,797 | €57,005 | -€26,792 | -32.0% |
| Tangible fixed assets | 22/27 | €444,822 | €946,064 | +€501,242 | +112.7% |
| Land and buildings | 22 | €169,000 | €885,858 | +€716,858 | +424.2% |
| Plant, machinery and equipment | 23 | €6,621 | €14,859 | +€8,238 | +124.4% |
| Furniture and vehicles | 24 | €718 | €45,347 | +€44,629 | +6218.3% |
| Assets under construction and advance payments | 27 | €268,483 | - | -€268,483 | |
| Financial fixed assets | 28 | €252 | €252 | = | 0.0% |
| Current assets | 29/58 | €778,218 | €834,369 | +€56,150 | +7.2% |
| Amounts receivable within one year | 40/41 | €168,211 | €244,074 | +€75,863 | +45.1% |
| Trade receivables | 40 | €165,741 | €243,752 | +€78,012 | +47.1% |
| Other amounts receivable | 41 | €2,471 | €322 | -€2,149 | -87.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €590,958 | €460,521 | -€130,437 | -22.1% |
| Deferred charges and accrued income | 490/1 | €19,050 | €29,774 | +€10,724 | +56.3% |
| Total equity and liabilities | 10/49 | €1,307,090 | €1,837,690 | +€530,600 | +40.6% |
| Equity | 10/15 | €435,677 | €661,322 | +€225,645 | +51.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €432,677 | €658,322 | +€225,645 | +52.2% |
| Amounts payable | 17/49 | €871,413 | €1,176,368 | +€304,955 | +35.0% |
| Amounts payable after more than one year | 17 | €496,194 | €716,106 | +€219,911 | +44.3% |
| Financial debts | 170/4 | €456,194 | €676,106 | +€219,911 | +48.2% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €375,219 | €460,262 | +€85,043 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €35,933 | €80,926 | +€44,993 | +125.2% |
| Trade debts | 44 | €121,660 | €127,229 | +€5,569 | +4.6% |
| Suppliers | 440/4 | €121,660 | €127,229 | +€5,569 | +4.6% |
| Advances received on contracts in progress | 46 | €229 | €199 | -€30 | -13.0% |
| Taxes, remuneration and social security | 45 | €28,072 | €62,550 | +€34,478 | +122.8% |
| Taxes | 450/3 | €6,730 | €32,990 | +€26,261 | +390.2% |
| Remuneration and social security | 454/9 | €21,342 | €29,560 | +€8,218 | +38.5% |
| Other amounts payable | 47/48 | €189,325 | €189,358 | +€33 | 0.0% |
| Remuneration, social security and pensions | 62 | €182,639 | €278,738 | +€96,099 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,970 | €52,522 | +€19,552 | +59.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,543 | €14,130 | +€7,587 | +116.0% |
| Other operating charges | 640/8 | €404 | €683 | +€279 | +69.0% |
| Gross operating margin | 9900 | €643,350 | €843,213 | +€199,863 | +31.1% |
| Operating profit (loss) | 9901 | €420,794 | €497,140 | +€76,346 | +18.1% |
| Financial income | 75/76B | €2,980 | €2,993 | +€13 | +0.4% |
| Recurring financial income | 75 | €2,980 | €2,993 | +€13 | +0.4% |
| Financial charges | 65/66B | €24,069 | €25,600 | +€1,532 | +6.4% |
| Recurring financial charges | 65 | €24,069 | €25,600 | +€1,532 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €399,706 | €474,533 | +€74,827 | +18.7% |
| Income taxes | 67/77 | €54,064 | €66,311 | +€12,247 | +22.7% |
| Profit (loss) for the period | 9904 | €345,642 | €408,222 | +€62,580 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €345,642 | €408,222 | +€62,580 | +18.1% |
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 10 October 2026 via checked.be.