L & E REAL ESTATE: 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.
L & E REAL ESTATE
Largest movements
- Cash -€117,282
down €117,282 (-70.3%), from €166,801 to €49,519
mainly Investment in fixed assets (net) (-€88,318) and Trade debts (-€39,258)
- Tangible fixed assets +€41,228
up €41,228 (+2.5%), from €1.7m to €1.7m
- Trade debts -€39,258
down €39,258 (-50.5%), from €77,679 to €38,421
- Profit (loss) carried forward -€27,127
down €27,127 (-9.3%), from -€291,414 to -€318,541
- Gross operating margin +€22,397
up €22,397 (+83.7%), from €26,762 to €49,160
- Other operating charges +€11,439
up €11,439 (+142%), from €8,028 to €19,466
- Depreciation +€7,631
up €7,631 (+19.3%), from €39,460 to €47,091
- Financial charges +€849
up €849 (+8.9%), from €9,512 to €10,362
- Financial income +€633
up €633 (+6,327,600%), from €0 to €633
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,852,983 | €1,776,223 | -€76,760 | -4.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,665,385 | €1,706,613 | +€41,228 | +2.5% |
| Tangible fixed assets | 22/27 | €1,665,385 | €1,706,613 | +€41,228 | +2.5% |
| Land and buildings | 22 | €1,665,385 | €1,706,613 | +€41,228 | +2.5% |
| Current assets | 29/58 | €187,598 | €69,610 | -€117,988 | -62.9% |
| Cash at bank and in hand | 54/58 | €166,801 | €49,519 | -€117,282 | -70.3% |
| Deferred charges and accrued income | 490/1 | €20,797 | €20,091 | -€706 | -3.4% |
| Total equity and liabilities | 10/49 | €1,852,983 | €1,776,223 | -€76,760 | -4.1% |
| Equity | 10/15 | -€272,814 | -€299,941 | -€27,127 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€291,414 | -€318,541 | -€27,127 | -9.3% |
| Amounts payable | 17/49 | €2,125,797 | €2,076,163 | -€49,633 | -2.3% |
| Amounts payable after more than one year | 17 | €1,896,916 | €1,884,140 | -€12,776 | -0.7% |
| Financial debts | 170/4 | €1,896,916 | €1,884,140 | -€12,776 | -0.7% |
| Amounts payable within one year | 42/48 | €228,881 | €192,023 | -€36,858 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €35,334 | €35,334 | = | 0.0% |
| Trade debts | 44 | €77,679 | €38,421 | -€39,258 | -50.5% |
| Suppliers | 440/4 | €77,679 | €38,421 | -€39,258 | -50.5% |
| Other amounts payable | 47/48 | €115,869 | €118,269 | +€2,400 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,460 | €47,091 | +€7,631 | +19.3% |
| Other operating charges | 640/8 | €8,028 | €19,466 | +€11,439 | +142% |
| Gross operating margin | 9900 | €26,762 | €49,160 | +€22,397 | +83.7% |
| Operating profit (loss) | 9901 | -€20,725 | -€17,398 | +€3,327 | +16.1% |
| Financial income | 75/76B | €0 | €633 | +€633 | +6,327,600% |
| Recurring financial income | 75 | €0 | €633 | +€633 | +6,327,600% |
| Financial charges | 65/66B | €9,512 | €10,362 | +€849 | +8.9% |
| Recurring financial charges | 65 | €9,512 | €10,362 | +€849 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,238 | -€27,127 | +€3,111 | +10.3% |
| Profit (loss) for the period | 9904 | -€30,238 | -€27,127 | +€3,111 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,238 | -€27,127 | +€3,111 | +10.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.