LTC FINANCE: what changed
What changed
LTC FINANCE
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€32,919
2024 · €2,581+€30,338
Equity
€539,603
2024 · €506,684+€32,919
Cash
€12,893
2024 · €17,697-€4,804
Balance sheet total
€1.2m
2024 · €1.2m-€38,694
Largest movements
Assets
- Tangible fixed assets -€33,572
down €33,572 (-3.5%), from €946,773 to €913,202
Equity and liabilities
- Debts after one year -€53,252
down €53,252 (-9.6%), from €555,946 to €502,694
- Trade debts -€37,195
down €37,195 (-77.6%), from €47,943 to €10,747
- Reserves +€32,919
up €32,919 (+156%), from €21,105 to €54,024
of which Distributable reserves: +€32,919
- Tax, wage and social debts +€15,538
up €15,538 (+517%), from €3,007 to €18,545
Income statement
- Gross operating margin +€47,727
up €47,727 (+83.6%), from €57,111 to €104,838
- Taxes +€15,152
up €15,152 (+1,147%), from €1,321 to €16,474
- Other operating charges +€1,063
up €1,063 (+9.6%), from €11,095 to €12,159
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,581
Gross operating margin
+€47,727
Depreciation
-€175
Other operating charges
-€1,063
Financial income
-€45
Financial charges
-€954
Taxes
-€15,152
Result 2025
€32,919
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€47,680
Investment
€0
Financing
-€52,485
Cash 2024
€17,697
From operations (derived)
+€47,680
Net result for the year
+€32,919
Depreciation
+€33,572
Deferred charges and accrued income
+€318
Trade debts
-€37,195
Tax, wage and social debts
+€15,538
Other debts
+€3,066
Accrued charges and deferred income
-€538
Financing
-€52,485
Debts after one year
-€53,252
Current portion of long-term debt
+€767
Cash 2025
€12,893
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,204,788 | €1,166,094 | -€38,694 | -3.2% |
| Fixed assets | 21/28 | €946,773 | €913,202 | -€33,572 | -3.5% |
| Tangible fixed assets | 22/27 | €946,773 | €913,202 | -€33,572 | -3.5% |
| Land and buildings | 22 | €946,773 | €913,202 | -€33,572 | -3.5% |
| Current assets | 29/58 | €258,015 | €252,893 | -€5,122 | -2.0% |
| Amounts receivable within one year | 40/41 | €240,000 | €240,000 | = | 0.0% |
| Other amounts receivable | 41 | €240,000 | €240,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,697 | €12,893 | -€4,804 | -27.1% |
| Deferred charges and accrued income | 490/1 | €318 | - | -€318 | |
| Total equity and liabilities | 10/49 | €1,204,788 | €1,166,094 | -€38,694 | -3.2% |
| Equity | 10/15 | €506,684 | €539,603 | +€32,919 | +6.5% |
| 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 | €21,105 | €54,024 | +€32,919 | +156% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €14,905 | €47,824 | +€32,919 | +221% |
| Profit (loss) carried forward | 14 | €423,578 | €423,578 | = | 0.0% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Environmental obligations | 163 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €673,105 | €601,491 | -€71,613 | -10.6% |
| Amounts payable after more than one year | 17 | €555,946 | €502,694 | -€53,252 | -9.6% |
| Financial debts | 170/4 | €555,946 | €502,694 | -€53,252 | -9.6% |
| Amounts payable within one year | 42/48 | €116,621 | €98,797 | -€17,824 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €56,890 | €57,657 | +€767 | +1.3% |
| Trade debts | 44 | €47,943 | €10,747 | -€37,195 | -77.6% |
| Suppliers | 440/4 | €47,943 | €10,747 | -€37,195 | -77.6% |
| Taxes, remuneration and social security | 45 | €3,007 | €18,545 | +€15,538 | +517% |
| Taxes | 450/3 | €3,007 | €18,545 | +€15,538 | +517% |
| Other amounts payable | 47/48 | €8,781 | €11,847 | +€3,066 | +34.9% |
| Accrued charges and deferred income | 492/3 | €538 | - | -€538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,397 | €33,572 | +€175 | +0.5% |
| Other operating charges | 640/8 | €11,095 | €12,159 | +€1,063 | +9.6% |
| Gross operating margin | 9900 | €57,111 | €104,838 | +€47,727 | +83.6% |
| Operating profit (loss) | 9901 | €12,619 | €59,108 | +€46,489 | +368% |
| Financial income | 75/76B | €47 | €2 | -€45 | -96.4% |
| Recurring financial income | 75 | €47 | €2 | -€45 | -96.4% |
| Financial charges | 65/66B | €8,763 | €9,717 | +€954 | +10.9% |
| Recurring financial charges | 65 | €8,763 | €9,717 | +€954 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €3,903 | €49,393 | +€45,490 | +1,166% |
| Income taxes | 67/77 | €1,321 | €16,474 | +€15,152 | +1,147% |
| Profit (loss) for the period | 9904 | €2,581 | €32,919 | +€30,338 | +1,175% |
| Profit (loss) for the period to be appropriated | 9905 | €2,581 | €32,919 | +€30,338 | +1,175% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.