LTB REALTY: 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.
LTB REALTY
Largest movements
- Tangible fixed assets -€23,500
down €23,500 (-12.8%), from €183,556 to €160,056
of which Land and buildings: -€20,500
- Intangible fixed assets -€2,913
down €2,913 (-12.6%), from €23,086 to €20,173
- Profit (loss) carried forward -€14,913
down €14,913 (-26.0%), from -€57,384 to -€72,297
- Debts after one year -€11,785
down €11,785 (-6.7%), from €176,218 to €164,433
- Gross operating margin +€610
up €610 (+3.4%), from €18,039 to €18,649
- Financial charges -€354
down €354 (-5.7%), from €6,164 to €5,811
- Other operating charges -€309
down €309 (-18.8%), from €1,648 to €1,339
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,069 | €180,692 | -€26,377 | -12.7% |
| Fixed assets | 21/28 | €206,642 | €180,229 | -€26,413 | -12.8% |
| Intangible fixed assets | 21 | €23,086 | €20,173 | -€2,913 | -12.6% |
| Tangible fixed assets | 22/27 | €183,556 | €160,056 | -€23,500 | -12.8% |
| Land and buildings | 22 | €158,833 | €138,333 | -€20,500 | -12.9% |
| Other tangible fixed assets | 26 | €24,723 | €21,723 | -€3,000 | -12.1% |
| Current assets | 29/58 | €427 | €463 | +€36 | +8.4% |
| Cash at bank and in hand | 54/58 | €427 | €463 | +€36 | +8.4% |
| Total equity and liabilities | 10/49 | €207,069 | €180,692 | -€26,377 | -12.7% |
| Equity | 10/15 | -€37,384 | -€52,297 | -€14,913 | -39.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,384 | -€72,297 | -€14,913 | -26.0% |
| Amounts payable | 17/49 | €244,453 | €232,989 | -€11,464 | -4.7% |
| Amounts payable after more than one year | 17 | €176,218 | €164,433 | -€11,785 | -6.7% |
| Financial debts | 170/4 | €176,218 | €164,433 | -€11,785 | -6.7% |
| Amounts payable within one year | 42/48 | €68,235 | €68,556 | +€321 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €11,420 | €11,785 | +€365 | +3.2% |
| Trade debts | 44 | €844 | €800 | -€44 | -5.2% |
| Suppliers | 440/4 | €844 | €800 | -€44 | -5.2% |
| Other amounts payable | 47/48 | €55,971 | €55,971 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,413 | €26,413 | = | 0.0% |
| Other operating charges | 640/8 | €1,648 | €1,339 | -€309 | -18.8% |
| Gross operating margin | 9900 | €18,039 | €18,649 | +€610 | +3.4% |
| Operating profit (loss) | 9901 | -€10,021 | -€9,102 | +€919 | +9.2% |
| Financial charges | 65/66B | €6,164 | €5,811 | -€354 | -5.7% |
| Recurring financial charges | 65 | €6,164 | €5,811 | -€354 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,185 | -€14,913 | +€1,273 | +7.9% |
| Profit (loss) for the period | 9904 | -€16,185 | -€14,913 | +€1,273 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,185 | -€14,913 | +€1,273 | +7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.