LTCI: 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.
LTCI
Largest movements
- Tangible fixed assets +€7,348
up €7,348 (+61.1%), from €12,027 to €19,375
of which Furniture and vehicles: +€8,436
- Receivables within one year +€3,604
up €3,604 (+32.2%), from €11,200 to €14,804
of which Other amounts receivable: +€2,160
- Cash +€1,405
up €1,405 (+15.4%), from €9,149 to €10,554
mainly Net result for the year (+€7,214) and Depreciation (+€4,868)
- Stocks and contracts +€953
up €953 (+36.0%), from €2,648 to €3,601
- Reserves +€7,214
up €7,214 (+30.7%), from €23,476 to €30,690
- Other debts +€3,248
up €3,248 (+119%), from €2,725 to €5,973
- Tax, wage and social debts +€1,472
up €1,472 (+24.5%), from €6,011 to €7,483
of which Taxes: +€1,472
- Advances received +€1,152
up €1,152, from €0 to €1,152
- Gross operating margin -€5,234
down €5,234 (-22.1%), from €23,665 to €18,431
- Taxes -€1,194
down €1,194 (-21.6%), from €5,536 to €4,341
- Depreciation +€890
up €890 (+22.4%), from €3,978 to €4,868
- Financial charges -€629
down €629 (-49.0%), from €1,284 to €655
- Other operating charges +€369
up €369 (+37.5%), from €983 to €1,352
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 | €35,025 | €48,333 | +€13,309 | +38.0% |
| Fixed assets | 21/28 | €12,027 | €19,375 | +€7,348 | +61.1% |
| Tangible fixed assets | 22/27 | €12,027 | €19,375 | +€7,348 | +61.1% |
| Land and buildings | 22 | €3,388 | €2,299 | -€1,088 | -32.1% |
| Furniture and vehicles | 24 | €8,640 | €17,075 | +€8,436 | +97.6% |
| Current assets | 29/58 | €22,998 | €28,959 | +€5,961 | +25.9% |
| Stocks and contracts in progress | 3 | €2,648 | €3,601 | +€953 | +36.0% |
| Stocks | 30/36 | €2,648 | €3,601 | +€953 | +36.0% |
| Amounts receivable within one year | 40/41 | €11,200 | €14,804 | +€3,604 | +32.2% |
| Trade receivables | 40 | €10,701 | €12,145 | +€1,444 | +13.5% |
| Other amounts receivable | 41 | €499 | €2,659 | +€2,160 | +433% |
| Cash at bank and in hand | 54/58 | €9,149 | €10,554 | +€1,405 | +15.4% |
| Total equity and liabilities | 10/49 | €35,025 | €48,333 | +€13,309 | +38.0% |
| Equity | 10/15 | €25,476 | €32,690 | +€7,214 | +28.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,476 | €30,690 | +€7,214 | +30.7% |
| Distributable reserves | 133 | €23,476 | €30,690 | +€7,214 | +30.7% |
| Amounts payable | 17/49 | €9,549 | €15,643 | +€6,094 | +63.8% |
| Amounts payable within one year | 42/48 | €9,549 | €15,643 | +€6,094 | +63.8% |
| Financial debts | 43 | €0 | €333 | +€333 | |
| Credit institutions | 430/8 | €0 | €333 | +€333 | |
| Trade debts | 44 | €813 | €703 | -€111 | -13.6% |
| Suppliers | 440/4 | €813 | €703 | -€111 | -13.6% |
| Advances received on contracts in progress | 46 | €0 | €1,152 | +€1,152 | |
| Taxes, remuneration and social security | 45 | €6,011 | €7,483 | +€1,472 | +24.5% |
| Taxes | 450/3 | €6,011 | €7,483 | +€1,472 | +24.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,725 | €5,973 | +€3,248 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,978 | €4,868 | +€890 | +22.4% |
| Other operating charges | 640/8 | €983 | €1,352 | +€369 | +37.5% |
| Gross operating margin | 9900 | €23,665 | €18,431 | -€5,234 | -22.1% |
| Operating profit (loss) | 9901 | €18,704 | €12,211 | -€6,494 | -34.7% |
| Financial charges | 65/66B | €1,284 | €655 | -€629 | -49.0% |
| Recurring financial charges | 65 | €1,284 | €655 | -€629 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €17,421 | €11,555 | -€5,865 | -33.7% |
| Income taxes | 67/77 | €5,536 | €4,341 | -€1,194 | -21.6% |
| Profit (loss) for the period | 9904 | €11,885 | €7,214 | -€4,671 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,885 | €7,214 | -€4,671 | -39.3% |
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 29 October 2026 via checked.be.