HET LANDHUIS: 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.
What changed
HET LANDHUIS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€40,853
2024 · -€46,877+€6,025
Equity
-€141,936
2024 · -€101,083-€40,853
Cash
€16,078
2024 · €28,420-€12,342
Balance sheet total
€1.3m
2024 · €1.4m-€105,429
Largest movements
Assets
- Tangible fixed assets -€91,914
down €91,914 (-6.6%), from €1.4m to €1.3m
of which Land and buildings: -€70,786
Equity and liabilities
- Debts after one year -€90,706
down €90,706 (-8.5%), from €1.1m to €975,769
- Profit (loss) carried forward -€40,853
down €40,853 (-35.2%), from -€116,083 to -€156,936
- Other debts +€26,104
up €26,104 (+7.4%), from €351,687 to €377,790
Income statement
- Other operating charges -€5,559
down €5,559 (-50.3%), from €11,062 to €5,502
- Financial charges +€1,886
up €1,886 (+4.0%), from €46,929 to €48,815
- Depreciation -€1,786
down €1,786 (-1.8%), from €96,924 to €95,138
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.
Result 2024
-€46,877
Gross operating margin
+€558
Depreciation
+€1,786
Other operating charges
+€5,559
Financial income
+€7
Financial charges
-€1,886
Result 2025
-€40,853
raises the resultlowers the result
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.
From operations
+€76,506
Investment
€0
Financing
-€88,847
Cash 2024
€28,420
From operations (derived)
+€76,506
Net result for the year
-€40,853
Depreciation
+€95,138
Receivables within one year
-€3,240
Deferred charges and accrued income
+€1,191
Trade debts
-€8,596
Tax, wage and social debts
+€5,789
Advances received
+€3,000
Other debts
+€26,104
Accrued charges and deferred income
-€2,026
Financing
-€88,847
Debts after one year
-€90,706
Current portion of long-term debt
+€1,859
Cash 2025
€16,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,431,122 | €1,325,693 | -€105,429 | -7.4% |
| Fixed assets | 21/28 | €1,388,524 | €1,293,387 | -€95,138 | -6.9% |
| Intangible fixed assets | 21 | €3,776 | €553 | -€3,223 | -85.4% |
| Tangible fixed assets | 22/27 | €1,384,376 | €1,292,462 | -€91,914 | -6.6% |
| Land and buildings | 22 | €1,308,621 | €1,237,835 | -€70,786 | -5.4% |
| Plant, machinery and equipment | 23 | €35,646 | €29,631 | -€6,015 | -16.9% |
| Furniture and vehicles | 24 | €36,472 | €22,772 | -€13,700 | -37.6% |
| Leasing and similar rights | 25 | €3,637 | €2,224 | -€1,413 | -38.9% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €42,598 | €32,306 | -€10,292 | -24.2% |
| Amounts receivable within one year | 40/41 | €6,773 | €10,014 | +€3,240 | +47.8% |
| Trade receivables | 40 | €6,773 | €10,014 | +€3,240 | +47.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €28,420 | €16,078 | -€12,342 | -43.4% |
| Deferred charges and accrued income | 490/1 | €7,405 | €6,214 | -€1,191 | -16.1% |
| Total equity and liabilities | 10/49 | €1,431,122 | €1,325,693 | -€105,429 | -7.4% |
| Equity | 10/15 | -€101,083 | -€141,936 | -€40,853 | -40.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,083 | -€156,936 | -€40,853 | -35.2% |
| Amounts payable | 17/49 | €1,532,205 | €1,467,628 | -€64,577 | -4.2% |
| Amounts payable after more than one year | 17 | €1,066,475 | €975,769 | -€90,706 | -8.5% |
| Financial debts | 170/4 | €1,066,475 | €975,769 | -€90,706 | -8.5% |
| Amounts payable within one year | 42/48 | €455,982 | €484,137 | +€28,155 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €88,847 | €90,706 | +€1,859 | +2.1% |
| Trade debts | 44 | €10,052 | €1,456 | -€8,596 | -85.5% |
| Suppliers | 440/4 | €10,052 | €1,456 | -€8,596 | -85.5% |
| Advances received on contracts in progress | 46 | €4,000 | €7,000 | +€3,000 | +75.0% |
| Taxes, remuneration and social security | 45 | €1,395 | €7,184 | +€5,789 | +415% |
| Taxes | 450/3 | €1,395 | €7,184 | +€5,789 | +415% |
| Other amounts payable | 47/48 | €351,687 | €377,790 | +€26,104 | +7.4% |
| Accrued charges and deferred income | 492/3 | €9,748 | €7,722 | -€2,026 | -20.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,924 | €95,138 | -€1,786 | -1.8% |
| Other operating charges | 640/8 | €11,062 | €5,502 | -€5,559 | -50.3% |
| Gross operating margin | 9900 | €108,037 | €108,595 | +€558 | +0.5% |
| Operating profit (loss) | 9901 | €51 | €7,955 | +€7,904 | +15,371% |
| Financial income | 75/76B | €0 | €7 | +€7 | +2,217% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +2,217% |
| Financial charges | 65/66B | €46,929 | €48,815 | +€1,886 | +4.0% |
| Recurring financial charges | 65 | €46,929 | €48,815 | +€1,886 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,877 | -€40,853 | +€6,025 | +12.9% |
| Profit (loss) for the period | 9904 | -€46,877 | -€40,853 | +€6,025 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,877 | -€40,853 | +€6,025 | +12.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.