LITRON: 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.
What changed
LITRON
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€181,236
2024 · -€19,703-€161,533
Equity
€1.6m
2024 · €1.7m-€130,125
Cash
€28,272
2024 · €33,148-€4,876
Balance sheet total
€3.9m
2024 · €4.3m-€395,346
Largest movements
Assets
- Stocks and contracts -€172,812
down €172,812 (-39.7%), from €434,820 to €262,008
- Tangible fixed assets -€150,730
down €150,730 (-6.3%), from €2.4m to €2.2m
of which Land and buildings: -€141,459
Equity and liabilities
- Profit (loss) carried forward -€1.2m
down €1.2m (-89.6%), from €1.3m to €136,791
- Reserves +€1.0m
up €1.0m (+306.2%), from €342,305 to €1.4m
of which Distributable reserves: +€1.1m
- Debts after one year -€104,115
down €104,115 (-13.3%), from €785,732 to €681,617
- Other debts -€55,468
down €55,468 (-97.1%), from €57,134 to €1,666
- Provisions -€52,777
no longer reported in 2025 (was €52,777)
Income statement
- Depreciation +€130,410
up €130,410 (+641.8%), from €20,320 to €150,730
- Gross operating margin -€62,714
down €62,714 (-67.6%), from €92,835 to €30,122
- Staff costs -€31,406
down €31,406 (-78.8%), from €39,865 to €8,460
- Financial charges -€16,437
down €16,437 (-14.9%), from €110,007 to €93,570
- Financial income -€12,177
down €12,177 (-16.5%), from €73,838 to €61,661
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.
Result 2024
-€19,703
Gross operating margin
-€62,714
Staff costs
+€31,406
Depreciation
-€130,410
Other operating charges
-€2,953
Financial income
-€12,177
Financial charges
+€16,437
Taxes
+€4,056
Deferred taxes and other
-€5,179
Result 2025
-€181,236
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.
From operations
+€30,297
Investment
+€32,611
Financing
-€67,784
Cash 2024
€33,148
From operations (derived)
+€30,297
Net result for the year
-€181,236
Depreciation
+€150,730
Stocks and contracts
+€172,812
Receivables within one year
-€2,374
Deferred charges and accrued income
+€36,692
Provisions
-€52,777
Trade debts
-€21,565
Tax, wage and social debts
-€12,105
Other debts
-€55,468
Accrued charges and deferred income
-€4,412
Investment (derived)
+€32,611
Current investments
+€32,611
Financing
-€67,784
Debts after one year
-€104,115
Current portion of long-term debt
+€1,886
Short-term financial debts
-€16,667
Contributions, distributions and other
+€51,111
Cash 2025
€28,272
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,304,387 | €3,909,041 | -€395,346 | -9.2% |
| Fixed assets | 21/28 | €2,486,189 | €2,335,459 | -€150,730 | -6.1% |
| Tangible fixed assets | 22/27 | €2,379,539 | €2,228,809 | -€150,730 | -6.3% |
| Land and buildings | 22 | €2,224,112 | €2,082,653 | -€141,459 | -6.4% |
| Plant, machinery and equipment | 23 | €19,531 | €26,851 | +€7,319 | +37.5% |
| Furniture and vehicles | 24 | €135,896 | €119,306 | -€16,590 | -12.2% |
| Financial fixed assets | 28 | €106,650 | €106,650 | = | 0.0% |
| Current assets | 29/58 | €1,818,198 | €1,573,581 | -€244,617 | -13.5% |
| Stocks and contracts in progress | 3 | €434,820 | €262,008 | -€172,812 | -39.7% |
| Stocks | 30/36 | €434,820 | €262,008 | -€172,812 | -39.7% |
| Amounts receivable within one year | 40/41 | €345,560 | €347,934 | +€2,374 | +0.7% |
| Trade receivables | 40 | €56,694 | €2,591 | -€54,103 | -95.4% |
| Other amounts receivable | 41 | €288,866 | €345,343 | +€56,477 | +19.6% |
| Current investments | 50/53 | €949,162 | €916,551 | -€32,611 | -3.4% |
| Cash at bank and in hand | 54/58 | €33,148 | €28,272 | -€4,876 | -14.7% |
| Deferred charges and accrued income | 490/1 | €55,508 | €18,816 | -€36,692 | -66.1% |
| Total equity and liabilities | 10/49 | €4,304,387 | €3,909,041 | -€395,346 | -9.2% |
| Equity | 10/15 | €1,719,526 | €1,589,402 | -€130,125 | -7.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €342,305 | €1,390,610 | +€1.0m | +306.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €211,105 | €134,410 | -€76,695 | -36.3% |
| Distributable reserves | 133 | €125,000 | €1,250,000 | +€1.1m | +900.0% |
| Profit (loss) carried forward | 14 | €1,315,221 | €136,791 | -€1.2m | -89.6% |
| Provisions and deferred taxes | 16 | €52,777 | - | -€52,777 | |
| Deferred taxes | 168 | €52,777 | - | -€52,777 | |
| Amounts payable | 17/49 | €2,532,083 | €2,319,639 | -€212,444 | -8.4% |
| Amounts payable after more than one year | 17 | €785,732 | €681,617 | -€104,115 | -13.3% |
| Financial debts | 170/4 | €785,732 | €681,617 | -€104,115 | -13.3% |
| Amounts payable within one year | 42/48 | €1,741,940 | €1,638,022 | -€103,918 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €102,195 | €104,081 | +€1,886 | +1.8% |
| Financial debts | 43 | €1,520,833 | €1,504,166 | -€16,667 | -1.1% |
| Credit institutions | 430/8 | €1,520,833 | €1,504,166 | -€16,667 | -1.1% |
| Trade debts | 44 | €43,335 | €21,770 | -€21,565 | -49.8% |
| Suppliers | 440/4 | €43,335 | €21,770 | -€21,565 | -49.8% |
| Taxes, remuneration and social security | 45 | €18,443 | €6,338 | -€12,105 | -65.6% |
| Taxes | 450/3 | €12,084 | €6,338 | -€5,746 | -47.5% |
| Remuneration and social security | 454/9 | €6,360 | - | -€6,360 | |
| Other amounts payable | 47/48 | €57,134 | €1,666 | -€55,468 | -97.1% |
| Accrued charges and deferred income | 492/3 | €4,412 | - | -€4,412 | |
| Non-recurring operating income | 76A | €3,681 | - | -€3,681 | |
| Remuneration, social security and pensions | 62 | €39,865 | €8,460 | -€31,406 | -78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,320 | €150,730 | +€130,410 | +641.8% |
| Other operating charges | 640/8 | €17,070 | €20,023 | +€2,953 | +17.3% |
| Gross operating margin | 9900 | €92,835 | €30,122 | -€62,714 | -67.6% |
| Operating profit (loss) | 9901 | €15,580 | -€149,090 | -€164,670 | |
| Financial income | 75/76B | €73,838 | €61,661 | -€12,177 | -16.5% |
| Recurring financial income | 75 | €73,838 | €61,661 | -€12,177 | -16.5% |
| Financial charges | 65/66B | €110,007 | €93,570 | -€16,437 | -14.9% |
| Recurring financial charges | 65 | €110,007 | €93,570 | -€16,437 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,590 | -€180,999 | -€160,410 | -779.1% |
| Transfer from deferred taxes | 780 | €5,179 | - | -€5,179 | |
| Income taxes | 67/77 | €4,292 | €236 | -€4,056 | -94.5% |
| Profit (loss) for the period | 9904 | -€19,703 | -€181,236 | -€161,533 | -819.9% |
| Transfer from tax-exempt reserves | 789 | €20,716 | €129,472 | +€108,757 | +525.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,013 | -€51,764 | -€52,777 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.