L INVESTA: what changed
What changed
L INVESTA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€347,970
2024 · €320,196+€27,774
Equity
€2.0m
2024 · €1.6m+€347,970
Cash
€214,183
2024 · €453,361-€239,177
Balance sheet total
€4.2m
2024 · €4.6m-€339,934
Largest movements
Assets
- Cash -€239,177
down €239,177 (-52.8%), from €453,361 to €214,183
mainly Debts after one year (-€380,459) and Other debts (-€340,353)
- Tangible fixed assets -€121,898
down €121,898 (-3.0%), from €4.1m to €4.0m
Equity and liabilities
- Debts after one year -€380,459
down €380,459 (-19.5%), from €2.0m to €1.6m
- Other debts -€340,353
down €340,353 (-73.7%), from €462,064 to €121,710
- Profit (loss) carried forward +€333,997
up €333,997 (+140%), from €237,998 to €571,995
Income statement
- Gross operating margin +€29,515
up €29,515 (+4.9%), from €607,285 to €636,799
- Financial charges -€11,457
down €11,457 (-21.5%), from €53,331 to €41,874
- Financial income -€9,820
down €9,820 (-86.9%), from €11,298 to €1,478
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
€320,196
Gross operating margin
+€29,515
Depreciation
-€92
Other operating charges
+€1,316
Financial income
-€9,820
Financial charges
+€11,457
Taxes
-€4,602
Result 2025
€347,970
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
+€136,233
Investment
€0
Financing
-€375,410
Cash 2024
€453,361
From operations (derived)
+€136,233
Net result for the year
+€347,970
Depreciation
+€121,898
Receivables within one year
-€16,671
Deferred charges and accrued income
-€4,470
Provisions
-€1,202
Trade debts
+€35,208
Tax, wage and social debts
-€70
Other debts
-€340,353
Accrued charges and deferred income
-€6,078
Financing
-€375,410
Debts after one year
-€380,459
Current portion of long-term debt
+€5,050
Cash 2025
€214,183
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,560,062 | €4,220,128 | -€339,934 | -7.5% |
| Fixed assets | 21/28 | €4,080,324 | €3,958,427 | -€121,898 | -3.0% |
| Tangible fixed assets | 22/27 | €4,080,324 | €3,958,427 | -€121,898 | -3.0% |
| Land and buildings | 22 | €4,080,324 | €3,958,427 | -€121,898 | -3.0% |
| Current assets | 29/58 | €479,738 | €261,701 | -€218,037 | -45.4% |
| Amounts receivable within one year | 40/41 | €26,128 | €42,799 | +€16,671 | +63.8% |
| Trade receivables | 40 | €23,647 | €8,150 | -€15,497 | -65.5% |
| Other amounts receivable | 41 | €2,481 | €34,649 | +€32,168 | +1,297% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €453,361 | €214,183 | -€239,177 | -52.8% |
| Deferred charges and accrued income | 490/1 | €249 | €4,719 | +€4,470 | +1,792% |
| Total equity and liabilities | 10/49 | €4,560,062 | €4,220,128 | -€339,934 | -7.5% |
| Equity | 10/15 | €1,624,025 | €1,971,995 | +€347,970 | +21.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €386,027 | €400,000 | +€13,973 | +3.6% |
| Non-distributable reserves | 130/1 | €51,785 | €69,364 | +€17,579 | +33.9% |
| Legal reserve | 130 | €51,785 | €69,364 | +€17,579 | +33.9% |
| Tax-exempt reserves | 132 | €111,897 | €108,291 | -€3,606 | -3.2% |
| Distributable reserves | 133 | €222,345 | €222,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237,998 | €571,995 | +€333,997 | +140% |
| Provisions and deferred taxes | 16 | €37,299 | €36,097 | -€1,202 | -3.2% |
| Deferred taxes | 168 | €37,299 | €36,097 | -€1,202 | -3.2% |
| Amounts payable | 17/49 | €2,898,738 | €2,212,036 | -€686,702 | -23.7% |
| Amounts payable after more than one year | 17 | €1,954,163 | €1,573,704 | -€380,459 | -19.5% |
| Financial debts | 170/4 | €1,954,163 | €1,573,704 | -€380,459 | -19.5% |
| Amounts payable within one year | 42/48 | €897,430 | €597,264 | -€300,166 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €375,410 | €380,459 | +€5,050 | +1.3% |
| Trade debts | 44 | €19,546 | €54,754 | +€35,208 | +180% |
| Suppliers | 440/4 | €19,546 | €54,754 | +€35,208 | +180% |
| Taxes, remuneration and social security | 45 | €40,410 | €40,340 | -€70 | -0.2% |
| Taxes | 450/3 | €40,410 | €40,340 | -€70 | -0.2% |
| Other amounts payable | 47/48 | €462,064 | €121,710 | -€340,353 | -73.7% |
| Accrued charges and deferred income | 492/3 | €47,145 | €41,068 | -€6,078 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,806 | €121,898 | +€92 | +0.1% |
| Other operating charges | 640/8 | €48,259 | €46,943 | -€1,316 | -2.7% |
| Gross operating margin | 9900 | €607,285 | €636,799 | +€29,515 | +4.9% |
| Operating profit (loss) | 9901 | €437,220 | €467,959 | +€30,738 | +7.0% |
| Financial income | 75/76B | €11,298 | €1,478 | -€9,820 | -86.9% |
| Recurring financial income | 75 | €11,298 | €1,478 | -€9,820 | -86.9% |
| Financial charges | 65/66B | €53,331 | €41,874 | -€11,457 | -21.5% |
| Recurring financial charges | 65 | €53,331 | €41,874 | -€11,457 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €395,187 | €427,563 | +€32,375 | +8.2% |
| Transfer from deferred taxes | 780 | €1,202 | €1,202 | = | 0.0% |
| Income taxes | 67/77 | €76,193 | €80,795 | +€4,602 | +6.0% |
| Profit (loss) for the period | 9904 | €320,196 | €347,970 | +€27,774 | +8.7% |
| Transfer from tax-exempt reserves | 789 | €3,606 | €3,606 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €323,802 | €351,576 | +€27,774 | +8.6% |
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 8 November 2026 via checked.be.