Laethem Estate: what changed
What changed
Laethem Estate
filed annual accounts (NBB)
Net result for the year
€104,738
2024 · €93,284+€11,455
Equity
€855,853
2024 · €751,115+€104,738
Cash
€37,834
2024 · €13,457+€24,378
Balance sheet total
€3.2m
2024 · €3.3m-€31,664
Largest movements
Assets
- Tangible fixed assets -€57,750
down €57,750 (-1.8%), from €3.3m to €3.2m
Equity and liabilities
- Debts after one year -€194,685
down €194,685 (-10.4%), from €1.9m to €1.7m
- Profit (loss) carried forward +€104,738
up €104,738 (+45.3%), from €231,115 to €335,853
- Other debts +€66,886
up €66,886 (+15.1%), from €443,555 to €510,441
Income statement
- Gross operating margin +€7,173
up €7,173 (+3.0%), from €242,706 to €249,879
- Financial charges -€6,706
down €6,706 (-13.5%), from €49,694 to €42,988
of which Non-recurring financial charges: -€49,694
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
€93,284
Gross operating margin
+€7,173
Other operating charges
-€83
Financial charges
+€6,706
Taxes
-€2,342
Result 2025
€104,738
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
+€216,574
Investment
€0
Financing
-€192,196
Cash 2024
€13,457
From operations (derived)
+€216,574
Net result for the year
+€104,738
Depreciation
+€57,750
Deferred charges and accrued income
-€1,708
Trade debts
+€565
Tax, wage and social debts
-€11,658
Other debts
+€66,886
Financing
-€192,196
Debts after one year
-€194,685
Current portion of long-term debt
+€2,489
Cash 2025
€37,834
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,276,607 | €3,244,942 | -€31,664 | -1.0% |
| Fixed assets | 21/28 | €3,263,150 | €3,205,400 | -€57,750 | -1.8% |
| Tangible fixed assets | 22/27 | €3,263,150 | €3,205,400 | -€57,750 | -1.8% |
| Land and buildings | 22 | €3,263,150 | €3,205,400 | -€57,750 | -1.8% |
| Current assets | 29/58 | €13,457 | €39,542 | +€26,086 | +194% |
| Cash at bank and in hand | 54/58 | €13,457 | €37,834 | +€24,378 | +181% |
| Deferred charges and accrued income | 490/1 | - | €1,708 | +€1,708 | |
| Total equity and liabilities | 10/49 | €3,276,607 | €3,244,942 | -€31,664 | -1.0% |
| Equity | 10/15 | €751,115 | €855,853 | +€104,738 | +13.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Revaluation surpluses | 12 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,115 | €335,853 | +€104,738 | +45.3% |
| Amounts payable | 17/49 | €2,525,492 | €2,389,089 | -€136,402 | -5.4% |
| Amounts payable after more than one year | 17 | €1,863,712 | €1,669,027 | -€194,685 | -10.4% |
| Financial debts | 170/4 | €1,863,712 | €1,669,027 | -€194,685 | -10.4% |
| Amounts payable within one year | 42/48 | €661,780 | €720,063 | +€58,283 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €192,196 | €194,685 | +€2,489 | +1.3% |
| Trade debts | 44 | €13,149 | €13,715 | +€565 | +4.3% |
| Suppliers | 440/4 | €13,149 | €13,715 | +€565 | +4.3% |
| Taxes, remuneration and social security | 45 | €12,879 | €1,222 | -€11,658 | -90.5% |
| Taxes | 450/3 | €12,879 | €1,222 | -€11,658 | -90.5% |
| Other amounts payable | 47/48 | €443,555 | €510,441 | +€66,886 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,750 | €57,750 | = | 0.0% |
| Other operating charges | 640/8 | €9,099 | €9,182 | +€83 | +0.9% |
| Gross operating margin | 9900 | €242,706 | €249,879 | +€7,173 | +3.0% |
| Operating profit (loss) | 9901 | €175,857 | €182,948 | +€7,091 | +4.0% |
| Financial charges | 65/66B | €49,694 | €42,988 | -€6,706 | -13.5% |
| Recurring financial charges | 65 | €49,694 | €42,988 | -€6,706 | -13.5% |
| Non-recurring financial charges | 66B | €49,694 | - | -€49,694 | |
| Profit (loss) for the period before taxes | 9903 | €126,163 | €139,960 | +€13,797 | +10.9% |
| Income taxes | 67/77 | €32,879 | €35,222 | +€2,342 | +7.1% |
| Profit (loss) for the period | 9904 | €93,284 | €104,738 | +€11,455 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €93,284 | €104,738 | +€11,455 | +12.3% |
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 7 November 2026 via checked.be.