LTDD 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.
LTDD IMMO
Largest movements
- Tangible fixed assets +€832,352
up €832,352 (+454.1%), from €183,315 to €1.0m
of which Assets under construction and advance payments: +€836,718
- Cash +€413,531
up €413,531 (+14705.9%), from €2,812 to €416,343
mainly Debts after one year (+€1.0m) and Trade debts (+€171,103)
- Debts after one year +€1.0m
up €1.0m (+1420.8%), from €71,499 to €1.1m
- Trade debts +€171,103
up €171,103 (+1723.8%), from €9,926 to €181,029
- Other debts +€52,193
up €52,193 (+43.7%), from €119,416 to €171,609
- Financial charges +€7,007
up €7,007 (+153.8%), from €4,556 to €11,563
- Gross operating margin -€5,476
down €5,476 (-20.8%), from €26,322 to €20,846
- Depreciation +€2,618
up €2,618 (+54.9%), from €4,773 to €7,391
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 | €204,311 | €1,443,758 | +€1.2m | +606.6% |
| Fixed assets | 21/28 | €183,315 | €1,015,667 | +€832,352 | +454.1% |
| Tangible fixed assets | 22/27 | €183,315 | €1,015,667 | +€832,352 | +454.1% |
| Land and buildings | 22 | €119,376 | €115,010 | -€4,366 | -3.7% |
| Assets under construction and advance payments | 27 | €63,939 | €900,657 | +€836,718 | +1308.6% |
| Current assets | 29/58 | €20,996 | €428,091 | +€407,095 | +1938.9% |
| Amounts receivable within one year | 40/41 | €18,184 | €11,748 | -€6,436 | -35.4% |
| Trade receivables | 40 | €9,895 | - | -€9,895 | |
| Other amounts receivable | 41 | €8,289 | €11,748 | +€3,459 | +41.7% |
| Cash at bank and in hand | 54/58 | €2,812 | €416,343 | +€413,531 | +14705.9% |
| Total equity and liabilities | 10/49 | €204,311 | €1,443,758 | +€1.2m | +606.6% |
| Equity | 10/15 | -€10,643 | -€8,722 | +€1,921 | +18.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,643 | -€12,722 | +€1,921 | +13.1% |
| Amounts payable | 17/49 | €214,954 | €1,452,480 | +€1.2m | +575.7% |
| Amounts payable after more than one year | 17 | €71,499 | €1,087,342 | +€1.0m | +1420.8% |
| Financial debts | 170/4 | €71,499 | €1,087,342 | +€1.0m | +1420.8% |
| Amounts payable within one year | 42/48 | €143,455 | €365,138 | +€221,683 | +154.5% |
| Current portion of amounts payable after more than one year | 42 | €14,113 | €12,500 | -€1,613 | -11.4% |
| Trade debts | 44 | €9,926 | €181,029 | +€171,103 | +1723.8% |
| Suppliers | 440/4 | €9,926 | €181,029 | +€171,103 | +1723.8% |
| Other amounts payable | 47/48 | €119,416 | €171,609 | +€52,193 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,773 | €7,391 | +€2,618 | +54.9% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.1% |
| Gross operating margin | 9900 | €26,322 | €20,846 | -€5,476 | -20.8% |
| Operating profit (loss) | 9901 | €21,485 | €13,389 | -€8,096 | -37.7% |
| Financial income | 75/76B | €33 | €135 | +€102 | +309.1% |
| Recurring financial income | 75 | €33 | €135 | +€102 | +309.1% |
| Financial charges | 65/66B | €4,556 | €11,563 | +€7,007 | +153.8% |
| Recurring financial charges | 65 | €4,556 | €11,563 | +€7,007 | +153.8% |
| Profit (loss) for the period before taxes | 9903 | €16,962 | €1,961 | -€15,001 | -88.4% |
| Income taxes | 67/77 | €9 | €40 | +€31 | +344.4% |
| Profit (loss) for the period | 9904 | €16,953 | €1,921 | -€15,032 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,953 | €1,921 | -€15,032 | -88.7% |
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 1 October 2026 via checked.be.