LA MEUSE PROJECTONTWIKKELING: what changed
What changed
LA MEUSE PROJECTONTWIKKELING
NACE 68.321, Property management for co-owned buildings (syndics)
filed annual accounts (NBB)
Net result for the year
-€33,165
2024 · -€21,209-€11,956
Equity
€754,930
2024 · €788,094-€33,165
Cash
€4,156
2024 · €4,939-€782
Balance sheet total
€2.0m
2024 · €2.1m-€61,201
Largest movements
Assets
- Tangible fixed assets -€54,199
down €54,199 (-2.6%), from €2.1m to €2.0m
of which Land and buildings: -€41,615
Equity and liabilities
- Debts after one year -€40,808
down €40,808 (-16.7%), from €244,950 to €204,141
of which Financial debts: -€40,533
- Profit (loss) carried forward -€27,473
down €27,473 (-17.2%), from -€159,917 to -€187,390
Income statement
- Gross operating margin -€11,691
down €11,691 (-19.3%), from €60,539 to €48,848
- Depreciation +€903
up €903 (+1.5%), from €58,724 to €59,627
- Other operating charges -€778
down €778 (-6.5%), from €12,057 to €11,279
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
-€21,209
Gross operating margin
-€11,691
Depreciation
-€903
Other operating charges
+€778
Financial income
-€100
Financial charges
-€40
Result 2025
-€33,165
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
+€44,393
Investment
-€5,428
Financing
-€39,747
Cash 2024
€4,939
From operations (derived)
+€44,393
Net result for the year
-€33,165
Depreciation
+€59,627
Stocks and contracts
+€2,316
Receivables within one year
+€4,999
Deferred charges and accrued income
-€1,096
Provisions
-€2,931
Trade debts
-€1,908
Tax, wage and social debts
-€136
Other debts
+€16,686
Investment (derived)
-€5,428
Investment in fixed assets (net)
-€5,428
Financing
-€39,747
Debts after one year
-€40,808
Current portion of long-term debt
+€1,061
Cash 2025
€4,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,064,660 | €2,003,459 | -€61,201 | -3.0% |
| Fixed assets | 21/28 | €2,052,289 | €1,998,090 | -€54,199 | -2.6% |
| Tangible fixed assets | 22/27 | €2,052,289 | €1,998,090 | -€54,199 | -2.6% |
| Land and buildings | 22 | €2,039,128 | €1,997,513 | -€41,615 | -2.0% |
| Furniture and vehicles | 24 | €12,919 | €566 | -€12,352 | -95.6% |
| Other tangible fixed assets | 26 | €242 | €11 | -€231 | -95.5% |
| Current assets | 29/58 | €12,372 | €5,369 | -€7,002 | -56.6% |
| Stocks and contracts in progress | 3 | €2,316 | €0 | -€2,316 | -100% |
| Stocks | 30/36 | €2,316 | €0 | -€2,316 | -100% |
| Amounts receivable within one year | 40/41 | €5,117 | €118 | -€4,999 | -97.7% |
| Other amounts receivable | 41 | €5,117 | €118 | -€4,999 | -97.7% |
| Cash at bank and in hand | 54/58 | €4,939 | €4,156 | -€782 | -15.8% |
| Deferred charges and accrued income | 490/1 | - | €1,096 | +€1,096 | |
| Total equity and liabilities | 10/49 | €2,064,660 | €2,003,459 | -€61,201 | -3.0% |
| Equity | 10/15 | €788,094 | €754,930 | -€33,165 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €798,506 | €798,506 | = | 0.0% |
| Reserves | 13 | €130,905 | €125,213 | -€5,692 | -4.3% |
| Tax-exempt reserves | 132 | €130,905 | €125,213 | -€5,692 | -4.3% |
| Profit (loss) carried forward | 14 | -€159,917 | -€187,390 | -€27,473 | -17.2% |
| Provisions and deferred taxes | 16 | €67,406 | €64,475 | -€2,931 | -4.3% |
| Deferred taxes | 168 | €67,406 | €64,475 | -€2,931 | -4.3% |
| Amounts payable | 17/49 | €1,209,160 | €1,184,054 | -€25,106 | -2.1% |
| Amounts payable after more than one year | 17 | €244,950 | €204,141 | -€40,808 | -16.7% |
| Financial debts | 170/4 | €236,849 | €196,316 | -€40,533 | -17.1% |
| Other amounts payable | 178/9 | €8,101 | €7,825 | -€276 | -3.4% |
| Amounts payable within one year | 42/48 | €964,210 | €979,913 | +€15,703 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €39,472 | €40,533 | +€1,061 | +2.7% |
| Trade debts | 44 | €5,539 | €3,632 | -€1,908 | -34.4% |
| Suppliers | 440/4 | €5,539 | €3,632 | -€1,908 | -34.4% |
| Taxes, remuneration and social security | 45 | €2,196 | €2,060 | -€136 | -6.2% |
| Taxes | 450/3 | €2,196 | €2,060 | -€136 | -6.2% |
| Other amounts payable | 47/48 | €917,003 | €933,689 | +€16,686 | +1.8% |
| Non-recurring operating income | 76A | €6,132 | €5,580 | -€552 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,724 | €59,627 | +€903 | +1.5% |
| Other operating charges | 640/8 | €12,057 | €11,279 | -€778 | -6.5% |
| Gross operating margin | 9900 | €60,539 | €48,848 | -€11,691 | -19.3% |
| Operating profit (loss) | 9901 | -€10,242 | -€22,057 | -€11,815 | -115% |
| Financial income | 75/76B | €100 | - | -€100 | |
| Recurring financial income | 75 | €100 | - | -€100 | |
| Financial charges | 65/66B | €13,998 | €14,038 | +€40 | +0.3% |
| Recurring financial charges | 65 | €13,998 | €14,038 | +€40 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,139 | -€36,095 | -€11,956 | -49.5% |
| Transfer from deferred taxes | 780 | €2,931 | €2,931 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€21,209 | -€33,165 | -€11,956 | -56.4% |
| Transfer from tax-exempt reserves | 789 | €5,692 | €5,692 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,517 | -€27,473 | -€11,956 | -77.1% |
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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.