LA.RU: 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
LA.RU
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€477,258
2024 · €1.2m-€686,401
Equity
€25.0m
2024 · €24.6m+€477,258
Cash
€10.2m
2024 · €7.5m+€2.7m
Balance sheet total
€25.7m
2024 · €25.3m+€406,870
Largest movements
Assets
- Cash +€2.7m
up €2.7m (+36.4%), from €7.5m to €10.2m
mainly Depreciation (+€1.7m) and Investment in fixed assets (net) (+€716,373)
- Tangible fixed assets -€1.6m
down €1.6m (-12.6%), from €13.0m to €11.4m
of which Land and buildings: -€1.6m
- Financial fixed assets -€780,844
down €780,844 (-100.0%), from €780,900 to €56
of which Affiliated companies: -€780,844
Equity and liabilities
- Reserves +€477,258
up €477,258 (+2.7%), from €18.0m to €18.4m
of which Distributable reserves: +€583,382
Income statement
- Financial charges +€361,275
up €361,275 (+47,731%), from €757 to €362,032
of which Non-recurring financial charges: +€361,405
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
€1.2m
Depreciation
-€113,952
Other operating charges
+€6,481
Other operating items
-€266,562
Financial income
-€28,158
Financial charges
-€361,275
Taxes
+€77,065
Result 2025
€477,258
raises the resultlowers the resultnot broken down further in the accounts
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
+€2.0m
Investment
+€716,265
Financing
€0
Cash 2024
€7.5m
From operations (derived)
+€2.0m
Net result for the year
+€477,258
Depreciation
+€1.7m
Receivables within one year
-€108,377
Smaller working-capital items
-€1,639
Provisions
-€45,609
Trade debts
-€8,586
Other debts
-€16,200
Investment (derived)
+€716,265
Investment in fixed assets (net)
+€716,373
Current investments
-€108
Cash 2025
€10.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,292,122 | €25,698,992 | +€406,870 | +1.6% |
| Fixed assets | 21/28 | €13,783,477 | €11,368,787 | -€2.4m | -17.5% |
| Tangible fixed assets | 22/27 | €13,002,577 | €11,368,732 | -€1.6m | -12.6% |
| Land and buildings | 22 | €12,948,760 | €11,329,640 | -€1.6m | -12.5% |
| Plant, machinery and equipment | 23 | €53,817 | €39,092 | -€14,725 | -27.4% |
| Financial fixed assets | 28 | €780,900 | €56 | -€780,844 | -100.0% |
| Affiliated companies | 280/1 | €780,845 | €1 | -€780,844 | -100.0% |
| Participating interests | 280 | €780,845 | €1 | -€780,844 | -100.0% |
| Other financial fixed assets | 284/8 | €55 | €55 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €11,508,646 | €14,330,205 | +€2.8m | +24.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,962,260 | €4,070,637 | +€108,377 | +2.7% |
| Trade receivables | 40 | €266,636 | €264,051 | -€2,585 | -1.0% |
| Other amounts receivable | 41 | €3,695,624 | €3,806,586 | +€110,962 | +3.0% |
| Current investments | 50/53 | €20,562 | €20,670 | +€108 | +0.5% |
| Other investments | 51/53 | €20,562 | €20,670 | +€108 | +0.5% |
| Cash at bank and in hand | 54/58 | €7,457,384 | €10,168,812 | +€2.7m | +36.4% |
| Deferred charges and accrued income | 490/1 | €68,439 | €70,086 | +€1,647 | +2.4% |
| Total equity and liabilities | 10/49 | €25,292,122 | €25,698,992 | +€406,870 | +1.6% |
| Equity | 10/15 | €24,561,164 | €25,038,422 | +€477,258 | +1.9% |
| Contributions | 10/11 | €6,584,455 | €6,584,455 | = | 0.0% |
| Capital | 10 | €6,475,569 | €6,475,569 | = | 0.0% |
| Issued capital | 100 | €6,475,569 | €6,475,569 | = | 0.0% |
| Contributions outside capital | 11 | €108,886 | €108,886 | = | 0.0% |
| Share premium | 1100/10 | €108,886 | €108,886 | = | 0.0% |
| Reserves | 13 | €17,969,534 | €18,446,792 | +€477,258 | +2.7% |
| Non-distributable reserves | 130/1 | €546,367 | €577,071 | +€30,704 | +5.6% |
| Legal reserve | 130 | €546,367 | €577,071 | +€30,704 | +5.6% |
| Tax-exempt reserves | 132 | €2,111,273 | €1,974,445 | -€136,828 | -6.5% |
| Distributable reserves | 133 | €15,311,895 | €15,895,276 | +€583,382 | +3.8% |
| Investment grants | 15 | €7,175 | €7,175 | = | 0.0% |
| Provisions and deferred taxes | 16 | €698,299 | €652,690 | -€45,609 | -6.5% |
| Deferred taxes | 168 | €698,299 | €652,690 | -€45,609 | -6.5% |
| Amounts payable | 17/49 | €32,659 | €7,880 | -€24,779 | -75.9% |
| Amounts payable within one year | 42/48 | €32,287 | €7,501 | -€24,786 | -76.8% |
| Trade debts | 44 | €16,087 | €7,501 | -€8,586 | -53.4% |
| Suppliers | 440/4 | €16,087 | €7,501 | -€8,586 | -53.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,200 | €0 | -€16,200 | -100% |
| Accrued charges and deferred income | 492/3 | €372 | €380 | +€7 | +2.0% |
| Operating income | 70/76A | €3,484,916 | €3,163,013 | -€321,903 | -9.2% |
| Other operating income | 74 | €3,213,197 | €3,163,013 | -€50,184 | -1.6% |
| Non-recurring operating income | 76A | €271,719 | €0 | -€271,719 | -100% |
| Operating charges | 60/66A | €2,185,592 | €2,237,723 | +€52,131 | +2.4% |
| Services and other goods | 61 | €138,013 | €82,673 | -€55,340 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,584,364 | €1,698,317 | +€113,952 | +7.2% |
| Other operating charges | 640/8 | €463,215 | €456,733 | -€6,481 | -1.4% |
| Operating profit (loss) | 9901 | €1,299,324 | €925,290 | -€374,033 | -28.8% |
| Financial income | 75/76B | €221,712 | €193,554 | -€28,158 | -12.7% |
| Recurring financial income | 75 | €221,712 | €193,554 | -€28,158 | -12.7% |
| Income from current assets | 751 | €221,712 | €193,073 | -€28,639 | -12.9% |
| Other financial income | 752/9 | - | €481 | +€481 | |
| Financial charges | 65/66B | €757 | €362,032 | +€361,275 | +47,731% |
| Recurring financial charges | 65 | €757 | €627 | -€130 | -17.2% |
| Other financial charges | 652/9 | €757 | €627 | -€130 | -17.2% |
| Non-recurring financial charges | 66B | - | €361,405 | +€361,405 | |
| Profit (loss) for the period before taxes | 9903 | €1,520,279 | €756,812 | -€763,467 | -50.2% |
| Transfer from deferred taxes | 780 | €45,609 | €45,609 | +€0 | 0.0% |
| Income taxes | 67/77 | €402,229 | €325,164 | -€77,065 | -19.2% |
| Taxes | 670/3 | €402,229 | €325,164 | -€77,065 | -19.2% |
| Profit (loss) for the period | 9904 | €1,163,659 | €477,258 | -€686,401 | -59.0% |
| Transfer from tax-exempt reserves | 789 | €136,828 | €136,828 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,300,487 | €614,086 | -€686,401 | -52.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.