LT Management: 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.
LT Management
Largest movements
- Cash -€60,084
down €60,084 (-54.4%), from €110,392 to €50,308
mainly Contributions, distributions and other (-€153,586) and Tax, wage and social debts (-€4,330)
- Receivables within one year -€11,654
down €11,654 (-29.9%), from €38,946 to €27,292
- Tangible fixed assets +€2,210
up €2,210 (+116%), from €1,914 to €4,124
of which Other tangible fixed assets: +€2,689
- Profit (loss) carried forward -€65,872
down €65,872 (-42.9%), from €153,586 to €87,714
- Tax, wage and social debts -€4,330
down €4,330 (-10.5%), from €41,164 to €36,834
- Gross operating margin -€18,172
down €18,172 (-13.6%), from €133,422 to €115,250
- Taxes -€3,393
down €3,393 (-12.1%), from €27,983 to €24,589
- Financial income +€1,717
up €1,717 (+1,074%), from €160 to €1,877
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 | €201,720 | €132,244 | -€69,476 | -34.4% |
| Fixed assets | 21/28 | €1,914 | €4,124 | +€2,210 | +116% |
| Tangible fixed assets | 22/27 | €1,914 | €4,124 | +€2,210 | +116% |
| Plant, machinery and equipment | 23 | €1,507 | €1,029 | -€478 | -31.7% |
| Other tangible fixed assets | 26 | €406 | €3,095 | +€2,689 | +662% |
| Current assets | 29/58 | €199,807 | €128,120 | -€71,686 | -35.9% |
| Amounts receivable within one year | 40/41 | €38,946 | €27,292 | -€11,654 | -29.9% |
| Trade receivables | 40 | €38,946 | €27,292 | -€11,654 | -29.9% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €110,392 | €50,308 | -€60,084 | -54.4% |
| Deferred charges and accrued income | 490/1 | €468 | €520 | +€52 | +11.1% |
| Total equity and liabilities | 10/49 | €201,720 | €132,244 | -€69,476 | -34.4% |
| Equity | 10/15 | €156,586 | €90,714 | -€65,872 | -42.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,586 | €87,714 | -€65,872 | -42.9% |
| Amounts payable | 17/49 | €45,135 | €41,530 | -€3,604 | -8.0% |
| Amounts payable within one year | 42/48 | €45,135 | €41,530 | -€3,604 | -8.0% |
| Trade debts | 44 | €2,384 | €3,193 | +€810 | +34.0% |
| Suppliers | 440/4 | €2,384 | €3,193 | +€810 | +34.0% |
| Taxes, remuneration and social security | 45 | €41,164 | €36,834 | -€4,330 | -10.5% |
| Taxes | 450/3 | €41,164 | €36,834 | -€4,330 | -10.5% |
| Other amounts payable | 47/48 | €1,587 | €1,503 | -€84 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894 | €964 | +€70 | +7.8% |
| Other operating charges | 640/8 | €287 | €63 | -€224 | -78.0% |
| Gross operating margin | 9900 | €133,422 | €115,250 | -€18,172 | -13.6% |
| Operating profit (loss) | 9901 | €132,242 | €114,223 | -€18,018 | -13.6% |
| Financial income | 75/76B | €160 | €1,877 | +€1,717 | +1,074% |
| Recurring financial income | 75 | €160 | €1,877 | +€1,717 | +1,074% |
| Financial charges | 65/66B | €4,160 | €3,797 | -€363 | -8.7% |
| Recurring financial charges | 65 | €4,160 | €3,797 | -€363 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €128,241 | €112,303 | -€15,938 | -12.4% |
| Income taxes | 67/77 | €27,983 | €24,589 | -€3,393 | -12.1% |
| Profit (loss) for the period | 9904 | €100,258 | €87,714 | -€12,545 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,258 | €87,714 | -€12,545 | -12.5% |
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 20 October 2026 via checked.be.