LTPDE Development Belgium: what changed
Two financial 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.
LTPDE Development Belgium
Largest movements
- Cash +€9.0m
up €9.0m (+990%), from €905,867 to €9.9m
mainly Advances received (+€10.5m) and Receivables after one year (+€3.3m)
- Stocks and contracts +€7.2m
up €7.2m (+47.6%), from €15.1m to €22.2m
- Receivables after one year -€3.3m
down €3.3m (-22.9%), from €14.5m to €11.2m
- Receivables within one year +€784,413
up €784,413 (+155%), from €505,526 to €1.3m
of which Trade receivables: +€785,099
- Advances received +€10.5m
up €10.5m (+4,829%), from €218,149 to €10.8m
- Debts after one year +€1.4m
up €1.4m (+4.8%), from €29.1m to €30.5m
of which Financial debts: +€4.0m
- Trade debts +€1.3m
up €1.3m (+115%), from €1.1m to €2.3m
- Financial charges +€72,882
up €72,882 (+10.6%), from €690,152 to €763,033
- Financial income +€70,459
up €70,459 (+10.3%), from €686,917 to €757,375
- Gross operating margin +€540
up €540 (+3.4%), from -€16,067 to -€15,527
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.
Derived cash bridge
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 | €31,667,437 | €45,353,590 | +€13.7m | +43.2% |
| Current assets | 29/58 | €31,667,437 | €45,353,590 | +€13.7m | +43.2% |
| Amounts receivable after more than one year | 29 | €14,493,468 | €11,180,384 | -€3.3m | -22.9% |
| Other amounts receivable | 291 | €14,493,468 | €11,180,384 | -€3.3m | -22.9% |
| Stocks and contracts in progress | 3 | €15,075,660 | €22,247,448 | +€7.2m | +47.6% |
| Stocks | 30/36 | €15,075,660 | €22,247,448 | +€7.2m | +47.6% |
| Amounts receivable within one year | 40/41 | €505,526 | €1,289,939 | +€784,413 | +155% |
| Trade receivables | 40 | €500,000 | €1,285,099 | +€785,099 | +157% |
| Other amounts receivable | 41 | €5,526 | €4,840 | -€686 | -12.4% |
| Cash at bank and in hand | 54/58 | €905,867 | €9,878,443 | +€9.0m | +990% |
| Deferred charges and accrued income | 490/1 | €686,917 | €757,375 | +€70,459 | +10.3% |
| Total equity and liabilities | 10/49 | €31,667,437 | €45,353,590 | +€13.7m | +43.2% |
| Equity | 10/15 | -€70,851 | -€93,033 | -€22,183 | -31.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,351 | -€154,533 | -€22,183 | -16.8% |
| Amounts payable | 17/49 | €31,738,287 | €45,446,623 | +€13.7m | +43.2% |
| Amounts payable after more than one year | 17 | €29,055,790 | €30,452,363 | +€1.4m | +4.8% |
| Financial debts | 170/4 | - | €4,000,000 | +€4.0m | |
| Other amounts payable | 178/9 | €29,055,790 | €26,452,363 | -€2.6m | -9.0% |
| Amounts payable within one year | 42/48 | €1,305,924 | €13,470,472 | +€12.2m | +931% |
| Trade debts | 44 | €1,087,775 | €2,341,708 | +€1.3m | +115% |
| Suppliers | 440/4 | €1,087,775 | €2,341,708 | +€1.3m | +115% |
| Advances received on contracts in progress | 46 | €218,149 | €10,753,077 | +€10.5m | +4,829% |
| Taxes, remuneration and social security | 45 | - | €375,687 | +€375,687 | |
| Taxes | 450/3 | - | €375,687 | +€375,687 | |
| Accrued charges and deferred income | 492/3 | €1,376,573 | €1,523,789 | +€147,215 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€16,067 | -€15,527 | +€540 | +3.4% |
| Operating profit (loss) | 9901 | -€17,034 | -€16,525 | +€509 | +3.0% |
| Financial income | 75/76B | €686,917 | €757,375 | +€70,459 | +10.3% |
| Recurring financial income | 75 | €686,917 | €757,375 | +€70,459 | +10.3% |
| Financial charges | 65/66B | €690,152 | €763,033 | +€72,882 | +10.6% |
| Recurring financial charges | 65 | €690,152 | €763,033 | +€72,882 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,269 | -€22,183 | -€1,914 | -9.4% |
| Profit (loss) for the period | 9904 | -€20,269 | -€22,183 | -€1,914 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,269 | -€22,183 | -€1,914 | -9.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.