LAHAYE Immo: 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
LAHAYE Immo
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
-€1,274
2024 · €9,170-€10,444
Equity
€607,490
2024 · €614,124-€6,634
Cash
€32,504
2024 · €9,213+€23,291
Balance sheet total
€2.5m
2024 · €2.2m+€259,235
Largest movements
Assets
- Receivables within one year +€304,219
up €304,219 (+83.7%), from €363,611 to €667,830
of which Other amounts receivable: +€292,119
- Tangible fixed assets -€68,749
down €68,749 (-4.8%), from €1.4m to €1.4m
of which Leasing and similar rights: -€43,214
Equity and liabilities
- Tax, wage and social debts +€92,960
up €92,960 (+34.8%), from €266,990 to €359,950
of which Taxes: +€95,423
- Trade debts +€87,951
up €87,951 (+134%), from €65,530 to €153,481
- Debts after one year +€59,391
up €59,391 (+5.8%), from €1.0m to €1.1m
of which Financial debts: +€59,391
- Current portion of long-term debt +€29,657
up €29,657 (+34.6%), from €85,713 to €115,371
- Advances received -€25,000
no longer reported in 2025 (was €25,000)
Income statement
- Gross operating margin -€23,636
down €23,636 (-15.7%), from €150,248 to €126,613
- Other operating charges -€6,288
down €6,288 (-61.9%), from €10,165 to €3,877
- Financial charges -€2,859
down €2,859 (-4.5%), from €63,083 to €60,224
- Taxes -€2,679
down €2,679 (-62.8%), from €4,264 to €1,584
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
€9,170
Gross operating margin
-€23,636
Staff costs
+€156
Depreciation
-€103
Other operating charges
+€6,288
Financial income
+€1,312
Financial charges
+€2,859
Taxes
+€2,679
Result 2025
-€1,274
raises the resultlowers the result
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
-€81,893
Investment
-€1,687
Financing
+€106,872
Cash 2024
€9,213
From operations (derived)
-€81,893
Net result for the year
-€1,274
Depreciation
+€70,437
Receivables within one year
-€304,219
Smaller working-capital items
+€126
Provisions
-€2,875
Trade debts
+€87,951
Tax, wage and social debts
+€92,960
Advances received
-€25,000
Investment (derived)
-€1,687
Investment in fixed assets (net)
-€1,687
Financing
+€106,872
Debts after one year
+€59,391
Current portion of long-term debt
+€29,657
Short-term financial debts
+€23,183
Contributions, distributions and other
-€5,360
Cash 2025
€32,504
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,210,684 | €2,469,919 | +€259,235 | +11.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,834,989 | €1,766,240 | -€68,749 | -3.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €1,419,476 | €1,350,726 | -€68,749 | -4.8% |
| Land and buildings | 22 | €583,809 | €557,276 | -€26,532 | -4.5% |
| Plant, machinery and equipment | 23 | €2,689 | €3,909 | +€1,220 | +45.4% |
| Furniture and vehicles | 24 | €222 | €0 | -€222 | -100% |
| Leasing and similar rights | 25 | €832,755 | €789,541 | -€43,214 | -5.2% |
| Financial fixed assets | 28 | €415,513 | €415,513 | = | 0.0% |
| Current assets | 29/58 | €375,695 | €703,679 | +€327,984 | +87.3% |
| Amounts receivable within one year | 40/41 | €363,611 | €667,830 | +€304,219 | +83.7% |
| Trade receivables | 40 | €113,200 | €125,300 | +€12,100 | +10.7% |
| Other amounts receivable | 41 | €250,411 | €542,530 | +€292,119 | +117% |
| Cash at bank and in hand | 54/58 | €9,213 | €32,504 | +€23,291 | +253% |
| Deferred charges and accrued income | 490/1 | €2,872 | €3,345 | +€474 | +16.5% |
| Total equity and liabilities | 10/49 | €2,210,684 | €2,469,919 | +€259,235 | +11.7% |
| Equity | 10/15 | €614,124 | €607,490 | -€6,634 | -1.1% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €350,922 | €349,648 | -€1,274 | -0.4% |
| Non-distributable reserves | 130/1 | €11,500 | €11,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,500 | €11,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,344 | €161,719 | -€8,625 | -5.1% |
| Distributable reserves | 133 | €169,078 | €176,429 | +€7,351 | +4.3% |
| Investment grants | 15 | €148,202 | €142,842 | -€5,360 | -3.6% |
| Provisions and deferred taxes | 16 | €41,448 | €38,573 | -€2,875 | -6.9% |
| Deferred taxes | 168 | €41,448 | €38,573 | -€2,875 | -6.9% |
| Amounts payable | 17/49 | €1,555,112 | €1,823,856 | +€268,744 | +17.3% |
| Amounts payable after more than one year | 17 | €1,024,430 | €1,083,822 | +€59,391 | +5.8% |
| Financial debts | 170/4 | €1,014,830 | €1,074,222 | +€59,391 | +5.9% |
| Other amounts payable | 178/9 | €9,600 | €9,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €528,182 | €736,964 | +€208,782 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €85,713 | €115,371 | +€29,657 | +34.6% |
| Financial debts | 43 | €44,779 | €67,963 | +€23,183 | +51.8% |
| Credit institutions | 430/8 | €44,779 | €67,963 | +€23,183 | +51.8% |
| Trade debts | 44 | €65,530 | €153,481 | +€87,951 | +134% |
| Suppliers | 440/4 | €65,530 | €153,481 | +€87,951 | +134% |
| Advances received on contracts in progress | 46 | €25,000 | - | -€25,000 | |
| Taxes, remuneration and social security | 45 | €266,990 | €359,950 | +€92,960 | +34.8% |
| Taxes | 450/3 | €262,065 | €357,488 | +€95,423 | +36.4% |
| Remuneration and social security | 454/9 | €4,925 | €2,463 | -€2,463 | -50.0% |
| Other amounts payable | 47/48 | €40,169 | €40,199 | +€30 | +0.1% |
| Accrued charges and deferred income | 492/3 | €2,500 | €3,070 | +€570 | +22.8% |
| Remuneration, social security and pensions | 62 | €156 | - | -€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,334 | €70,437 | +€103 | +0.1% |
| Other operating charges | 640/8 | €10,165 | €3,877 | -€6,288 | -61.9% |
| Gross operating margin | 9900 | €150,248 | €126,613 | -€23,636 | -15.7% |
| Operating profit (loss) | 9901 | €69,593 | €52,299 | -€17,294 | -24.8% |
| Financial income | 75/76B | €4,048 | €5,360 | +€1,312 | +32.4% |
| Recurring financial income | 75 | €4,048 | €5,360 | +€1,312 | +32.4% |
| Financial charges | 65/66B | €63,083 | €60,224 | -€2,859 | -4.5% |
| Recurring financial charges | 65 | €63,083 | €60,224 | -€2,859 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €10,559 | -€2,565 | -€13,123 | |
| Transfer from deferred taxes | 780 | €2,875 | €2,875 | = | 0.0% |
| Income taxes | 67/77 | €4,264 | €1,584 | -€2,679 | -62.8% |
| Profit (loss) for the period | 9904 | €9,170 | -€1,274 | -€10,444 | |
| Transfer from tax-exempt reserves | 789 | €8,625 | €8,625 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,795 | €7,351 | -€10,444 | -58.7% |
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 24 October 2026 via checked.be.