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LT IMMO: 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

LT IMMO

BE 0885.386.009
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,943
2024 · €18,067+€876
Equity
€143,696
2024 · €124,753+€18,943
Cash
€146
2024 · €1,649-€1,503
Balance sheet total
€602,537
2024 · €628,378-€25,841

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€30,556

    down €30,556 (-5.2%), from €591,174 to €560,618

    of which Land and buildings: -€30,307

  • Deferred charges and accrued income +€6,500

    new in 2025: €6,500

Equity and liabilities
  • Debts after one year -€45,331

    down €45,331 (-10.8%), from €420,698 to €375,367

    of which Financial debts: -€45,331

  • Reserves +€18,943

    up €18,943 (+16.0%), from €118,553 to €137,496

Income statement
  • Financial charges -€1,505

    down €1,505 (-10.3%), from €14,618 to €13,112

  • Depreciation +€778

    up €778 (+2.6%), from €29,778 to €30,556

From the 2024 result to the 2025 result

effect on the 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 €18,067
Gross operating margin +€664
Depreciation -€778
Other operating charges -€145
Financial income +€0
Financial charges +€1,505
Taxes -€370
Result 2025 €18,943

Cash bridge derived

cash 2024 to 2025

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 +€38,002
Investment €0
Financing -€39,505
Cash 2024 €1,649
Net result for the year +€18,943
Depreciation +€30,556
Receivables within one year +€282
Deferred charges and accrued income -€6,500
Smaller working-capital items +€94
Other debts -€3,790
Accrued charges and deferred income -€1,584
Debts after one year -€45,331
Current portion of long-term debt +€1,519
Short-term financial debts +€4,307
Cash 2025 €146
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €628,378 €602,537 -€25,841 -4.1%
Fixed assets 21/28 €591,174 €560,618 -€30,556 -5.2%
Tangible fixed assets 22/27 €591,174 €560,618 -€30,556 -5.2%
Land and buildings 22 €590,537 €560,231 -€30,307 -5.1%
Plant, machinery and equipment 23 €637 €387 -€250 -39.2%
Current assets 29/58 €37,204 €41,919 +€4,715 +12.7%
Amounts receivable within one year 40/41 €35,555 €35,272 -€282 -0.8%
Other amounts receivable 41 €35,555 €35,272 -€282 -0.8%
Cash at bank and in hand 54/58 €1,649 €146 -€1,503 -91.1%
Deferred charges and accrued income 490/1 - €6,500 +€6,500
Total equity and liabilities 10/49 €628,378 €602,537 -€25,841 -4.1%
Equity 10/15 €124,753 €143,696 +€18,943 +15.2%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €118,553 €137,496 +€18,943 +16.0%
Distributable reserves 133 €118,553 €137,496 +€18,943 +16.0%
Amounts payable 17/49 €503,626 €458,842 -€44,784 -8.9%
Amounts payable after more than one year 17 €420,698 €375,367 -€45,331 -10.8%
Financial debts 170/4 €420,698 €375,367 -€45,331 -10.8%
Other amounts payable 178/9 €0 - =
Amounts payable within one year 42/48 €80,344 €82,474 +€2,130 +2.7%
Current portion of amounts payable after more than one year 42 €43,811 €45,331 +€1,519 +3.5%
Financial debts 43 - €4,307 +€4,307
Credit institutions 430/8 - €4,307 +€4,307
Trade debts 44 €205 €212 +€7 +3.3%
Suppliers 440/4 €205 €212 +€7 +3.3%
Taxes, remuneration and social security 45 €1,807 €1,894 +€88 +4.9%
Taxes 450/3 €1,807 €1,894 +€88 +4.9%
Other amounts payable 47/48 €34,520 €30,730 -€3,790 -11.0%
Accrued charges and deferred income 492/3 €2,584 €1,000 -€1,584 -61.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €29,778 €30,556 +€778 +2.6%
Other operating charges 640/8 €3,421 €3,566 +€145 +4.2%
Gross operating margin 9900 €74,353 €75,017 +€664 +0.9%
Operating profit (loss) 9901 €41,154 €40,895 -€259 -0.6%
Financial income 75/76B - €0 +€0
Recurring financial income 75 - €0 +€0
Financial charges 65/66B €14,618 €13,112 -€1,505 -10.3%
Recurring financial charges 65 €14,618 €13,112 -€1,505 -10.3%
Profit (loss) for the period before taxes 9903 €26,537 €27,783 +€1,246 +4.7%
Income taxes 67/77 €8,470 €8,840 +€370 +4.4%
Profit (loss) for the period 9904 €18,067 €18,943 +€876 +4.9%
Profit (loss) for the period to be appropriated 9905 €18,067 €18,943 +€876 +4.9%

Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.