LA MER BOUW: what changed
What changed
LA MER BOUW
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€327,225
2024 · -€30,167+€357,392
Equity
€263,344
2024 · €197,119+€66,225
Cash
€4,932
2024 · €4,753+€178
Balance sheet total
€3.3m
2024 · €1.9m+€1.4m
Largest movements
Assets
- Financial fixed assets +€806,731
up €806,731 (+2,991%), from €26,969 to €833,700
- Stocks and contracts +€522,240
up €522,240 (+29.2%), from €1.8m to €2.3m
of which Stocks: +€522,240
- Receivables within one year +€59,552
up €59,552 (+70.6%), from €84,302 to €143,854
of which Trade receivables: +€100,489
Equity and liabilities
- Debts after one year +€462,935
up €462,935 (+37.3%), from €1.2m to €1.7m
- Advances received +€422,085
up €422,085 (+157%), from €268,018 to €690,103
- Other debts +€261,000
new in 2025: €261,000
- Tax, wage and social debts +€192,604
new in 2025: €192,604
- Reserves +€41,144
up €41,144 (+204%), from €20,200 to €61,344
of which Distributable reserves: +€41,144
Income statement
- Gross operating margin +€360,466
up €360,466 (+2,540%), from €14,194 to €374,661
- Other operating charges +€15,406
up €15,406 (+247%), from €6,229 to €21,635
- Financial charges -€14,219
down €14,219 (-34.1%), from €41,694 to €27,475
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
-€30,167
Gross operating margin
+€360,466
Other operating charges
-€15,406
Financial income
-€2,224
Financial charges
+€14,219
Taxes
+€337
Result 2025
€327,225
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
+€604,975
Investment
-€806,731
Financing
+€201,935
Cash 2024
€4,753
From operations (derived)
+€604,975
Net result for the year
+€327,225
Stocks and contracts
-€522,240
Receivables within one year
-€59,552
Deferred charges and accrued income
-€3,666
Trade debts
-€12,481
Tax, wage and social debts
+€192,604
Advances received
+€422,085
Other debts
+€261,000
Investment (derived)
-€806,731
Investment in fixed assets (net)
-€806,731
Financing
+€201,935
Debts after one year
+€462,935
Contributions, distributions and other
-€261,000
Cash 2025
€4,932
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,907,474 | €3,299,841 | +€1.4m | +73.0% |
| Fixed assets | 21/28 | €26,969 | €833,700 | +€806,731 | +2,991% |
| Financial fixed assets | 28 | €26,969 | €833,700 | +€806,731 | +2,991% |
| Current assets | 29/58 | €1,880,505 | €2,466,142 | +€585,637 | +31.1% |
| Stocks and contracts in progress | 3 | €1,791,449 | €2,313,689 | +€522,240 | +29.2% |
| Stocks | 30/36 | €1,791,449 | €2,313,689 | +€522,240 | +29.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €84,302 | €143,854 | +€59,552 | +70.6% |
| Trade receivables | 40 | €43,133 | €143,622 | +€100,489 | +233% |
| Other amounts receivable | 41 | €41,169 | €232 | -€40,937 | -99.4% |
| Cash at bank and in hand | 54/58 | €4,753 | €4,932 | +€178 | +3.8% |
| Deferred charges and accrued income | 490/1 | - | €3,666 | +€3,666 | |
| Total equity and liabilities | 10/49 | €1,907,474 | €3,299,841 | +€1.4m | +73.0% |
| Equity | 10/15 | €197,119 | €263,344 | +€66,225 | +33.6% |
| Contributions | 10/11 | €202,000 | €202,000 | = | 0.0% |
| Capital | 10 | €202,000 | €202,000 | = | 0.0% |
| Issued capital | 100 | €202,000 | €202,000 | = | 0.0% |
| Reserves | 13 | €20,200 | €61,344 | +€41,144 | +204% |
| Non-distributable reserves | 130/1 | €20,200 | €20,200 | = | 0.0% |
| Legal reserve | 130 | €20,200 | €20,200 | = | 0.0% |
| Distributable reserves | 133 | €0 | €41,144 | +€41,144 | |
| Profit (loss) carried forward | 14 | -€25,081 | €0 | +€25,081 | |
| Amounts payable | 17/49 | €1,710,355 | €3,036,497 | +€1.3m | +77.5% |
| Amounts payable after more than one year | 17 | €1,241,284 | €1,704,218 | +€462,935 | +37.3% |
| Financial debts | 170/4 | €1,241,284 | €1,704,218 | +€462,935 | +37.3% |
| Amounts payable within one year | 42/48 | €469,071 | €1,332,279 | +€863,208 | +184% |
| Trade debts | 44 | €201,053 | €188,572 | -€12,481 | -6.2% |
| Suppliers | 440/4 | €201,053 | €188,572 | -€12,481 | -6.2% |
| Advances received on contracts in progress | 46 | €268,018 | €690,103 | +€422,085 | +157% |
| Taxes, remuneration and social security | 45 | - | €192,604 | +€192,604 | |
| Taxes | 450/3 | - | €192,604 | +€192,604 | |
| Other amounts payable | 47/48 | - | €261,000 | +€261,000 | |
| Other operating charges | 640/8 | €6,229 | €21,635 | +€15,406 | +247% |
| Gross operating margin | 9900 | €14,194 | €374,661 | +€360,466 | +2,540% |
| Operating profit (loss) | 9901 | €7,966 | €353,026 | +€345,060 | +4,332% |
| Financial income | 75/76B | €4,043 | €1,820 | -€2,224 | -55.0% |
| Recurring financial income | 75 | €4,043 | €1,820 | -€2,224 | -55.0% |
| Financial charges | 65/66B | €41,694 | €27,475 | -€14,219 | -34.1% |
| Recurring financial charges | 65 | €41,694 | €27,475 | -€14,219 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,685 | €327,370 | +€357,056 | |
| Income taxes | 67/77 | €482 | €145 | -€337 | -69.9% |
| Profit (loss) for the period | 9904 | -€30,167 | €327,225 | +€357,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,167 | €327,225 | +€357,392 |
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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 3 November 2026 via checked.be.