Thierry LITT: 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.
Thierry LITT
Largest movements
- Receivables after one year -€118,000
down €118,000 (-100%), from €118,000 to €0
- Receivables within one year +€41,106
up €41,106 (+18.8%), from €218,432 to €259,538
of which Other amounts receivable: +€28,928
- Cash -€22,290
down €22,290 (-7.6%), from €292,462 to €270,172
mainly Other debts (-€138,783) and Receivables within one year (-€41,106)
- Deferred charges and accrued income +€10,800
up €10,800 (+100%), from €10,781 to €21,581
- Other debts -€138,783
down €138,783 (-100%), from €138,783 to €0
- Provisions +€71,493
new in 2025: €71,493
- Profit (loss) carried forward -€19,990
down €19,990, from €0 to -€19,990
- Tax, wage and social debts -€8,767
down €8,767 (-40.5%), from €21,654 to €12,887
of which Taxes: -€11,682
- Provisions +€71,493
new in 2025: €71,493
- Gross operating margin -€57,973
down €57,973 (-43.5%), from €133,321 to €75,349
- Taxes -€17,368
down €17,368 (-46.8%), from €37,118 to €19,750
- Depreciation -€7,169
down €7,169 (-64.3%), from €11,143 to €3,974
- Financial income +€3,621
up €3,621 (+44.4%), from €8,160 to €11,780
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 | €654,172 | €562,716 | -€91,457 | -14.0% |
| Fixed assets | 21/28 | €14,497 | €11,424 | -€3,073 | -21.2% |
| Tangible fixed assets | 22/27 | €7,697 | €4,624 | -€3,073 | -39.9% |
| Plant, machinery and equipment | 23 | €2,586 | €985 | -€1,601 | -61.9% |
| Furniture and vehicles | 24 | €4,862 | €3,533 | -€1,329 | -27.3% |
| Other tangible fixed assets | 26 | €249 | €106 | -€142 | -57.2% |
| Financial fixed assets | 28 | €6,800 | €6,800 | = | 0.0% |
| Current assets | 29/58 | €639,675 | €551,291 | -€88,384 | -13.8% |
| Amounts receivable after more than one year | 29 | €118,000 | €0 | -€118,000 | -100% |
| Other amounts receivable | 291 | €118,000 | €0 | -€118,000 | -100% |
| Amounts receivable within one year | 40/41 | €218,432 | €259,538 | +€41,106 | +18.8% |
| Trade receivables | 40 | €32,214 | €44,392 | +€12,178 | +37.8% |
| Other amounts receivable | 41 | €186,218 | €215,146 | +€28,928 | +15.5% |
| Cash at bank and in hand | 54/58 | €292,462 | €270,172 | -€22,290 | -7.6% |
| Deferred charges and accrued income | 490/1 | €10,781 | €21,581 | +€10,800 | +100% |
| Total equity and liabilities | 10/49 | €654,172 | €562,716 | -€91,457 | -14.0% |
| Equity | 10/15 | €471,807 | €451,816 | -€19,990 | -4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €465,607 | €465,607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €463,747 | €463,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€19,990 | -€19,990 | |
| Provisions and deferred taxes | 16 | - | €71,493 | +€71,493 | |
| Provisions for liabilities and charges | 160/5 | - | €71,493 | +€71,493 | |
| Other liabilities and charges | 164/5 | - | €71,493 | +€71,493 | |
| Amounts payable | 17/49 | €182,366 | €39,407 | -€142,959 | -78.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €181,744 | €39,357 | -€142,386 | -78.3% |
| Current portion of amounts payable after more than one year | 42 | €1,146 | €0 | -€1,146 | -100% |
| Financial debts | 43 | €15,952 | €16,548 | +€595 | +3.7% |
| Credit institutions | 430/8 | €15,952 | €16,548 | +€595 | +3.7% |
| Trade debts | 44 | €4,209 | €9,923 | +€5,714 | +136% |
| Suppliers | 440/4 | €4,209 | €9,923 | +€5,714 | +136% |
| Taxes, remuneration and social security | 45 | €21,654 | €12,887 | -€8,767 | -40.5% |
| Taxes | 450/3 | €21,654 | €9,972 | -€11,682 | -53.9% |
| Remuneration and social security | 454/9 | €0 | €2,915 | +€2,915 | |
| Other amounts payable | 47/48 | €138,783 | €0 | -€138,783 | -100% |
| Accrued charges and deferred income | 492/3 | €622 | €49 | -€573 | -92.1% |
| Non-recurring operating income | 76A | €434 | €0 | -€434 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,143 | €3,974 | -€7,169 | -64.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €71,493 | +€71,493 | |
| Other operating charges | 640/8 | €7,321 | €3,781 | -€3,540 | -48.4% |
| Non-recurring operating charges | 66A | €258 | €1,015 | +€757 | +293% |
| Gross operating margin | 9900 | €133,321 | €75,349 | -€57,973 | -43.5% |
| Operating profit (loss) | 9901 | €114,599 | -€4,914 | -€119,513 | |
| Financial income | 75/76B | €8,160 | €11,780 | +€3,621 | +44.4% |
| Recurring financial income | 75 | €8,160 | €11,780 | +€3,621 | +44.4% |
| Financial charges | 65/66B | €6,850 | €7,107 | +€257 | +3.8% |
| Recurring financial charges | 65 | €6,850 | €7,107 | +€257 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €115,909 | -€241 | -€116,150 | |
| Income taxes | 67/77 | €37,118 | €19,750 | -€17,368 | -46.8% |
| Profit (loss) for the period | 9904 | €78,791 | -€19,990 | -€98,782 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,791 | -€19,990 | -€98,782 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.