LAND LEASE PROPERTIES: what changed
What changed
LAND LEASE PROPERTIES
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€367,630
2024 · €963,587-€595,957
Equity
€4.4m
2024 · €4.3m+€67,470
Cash
€3.0m
2024 · €3.2m-€181,851
Balance sheet total
€8.6m
2024 · €8.7m-€177,656
Largest movements
Assets
- Cash -€181,851
down €181,851 (-5.8%), from €3.2m to €3.0m
mainly Contributions, distributions and other (-€300,161) and Debts after one year (-€261,000)
Equity and liabilities
- Debts after one year -€261,000
down €261,000 (-10.8%), from €2.4m to €2.2m
- Other debts +€148,694
up €148,694 (+16.1%), from €920,799 to €1.1m
- Current portion of long-term debt -€100,000
down €100,000 (-27.7%), from €361,000 to €261,000
Income statement
- Gross operating margin -€790,911
down €790,911 (-54.4%), from €1.5m to €662,346
- Taxes +€17,082
up €17,082 (+13.4%), from €127,258 to €144,341
- Financial charges -€15,889
down €15,889 (-25.1%), from €63,238 to €47,349
of which Financial charges: -€8,526
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
€963,587
Gross operating margin
-€790,911
Depreciation
+€681
Other operating charges
+€5,160
Other operating items
+€32
Financial income
-€7,443
Financial charges
+€15,889
Taxes
-€17,082
Deferred taxes and other
+€197,717
Result 2025
€367,630
raises the resultlowers the resultnot broken down further in the accounts
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
+€644,564
Investment
-€165,254
Financing
-€661,161
Cash 2024
€3.2m
From operations (derived)
+€644,564
Net result for the year
+€367,630
Depreciation
+€87,110
Receivables after one year
+€9,551
Receivables within one year
+€62,671
Deferred charges and accrued income
+€1,728
Provisions
-€2,524
Trade debts
+€7,571
Tax, wage and social debts
-€15,437
Advances received
-€51
Other debts
+€148,694
Accrued charges and deferred income
-€22,380
Investment (derived)
-€165,254
Investment in fixed assets (net)
-€165,254
Financing
-€661,161
Debts after one year
-€261,000
Current portion of long-term debt
-€100,000
Contributions, distributions and other
-€300,161
Cash 2025
€3.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,728,777 | €8,551,121 | -€177,656 | -2.0% |
| Fixed assets | 21/28 | €1,667,259 | €1,745,404 | +€78,145 | +4.7% |
| Tangible fixed assets | 22/27 | €1,663,049 | €1,741,194 | +€78,145 | +4.7% |
| Land and buildings | 22 | €981,000 | €972,000 | -€9,000 | -0.9% |
| Leasing and similar rights | 25 | €621,925 | €709,070 | +€87,145 | +14.0% |
| Other tangible fixed assets | 26 | €60,124 | €60,124 | = | 0.0% |
| Financial fixed assets | 28 | €4,210 | €4,210 | = | 0.0% |
| Current assets | 29/58 | €7,061,518 | €6,805,717 | -€255,801 | -3.6% |
| Amounts receivable after more than one year | 29 | €2,755,490 | €2,745,939 | -€9,551 | -0.3% |
| Other amounts receivable | 291 | €2,755,490 | €2,745,939 | -€9,551 | -0.3% |
| Stocks and contracts in progress | 3 | €420,671 | €420,671 | = | 0.0% |
| Stocks | 30/36 | €420,671 | €420,671 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €704,526 | €641,855 | -€62,671 | -8.9% |
| Trade receivables | 40 | €429,945 | €289,063 | -€140,882 | -32.8% |
| Other amounts receivable | 41 | €274,581 | €352,792 | +€78,210 | +28.5% |
| Cash at bank and in hand | 54/58 | €3,160,721 | €2,978,870 | -€181,851 | -5.8% |
| Deferred charges and accrued income | 490/1 | €20,110 | €18,382 | -€1,728 | -8.6% |
| Total equity and liabilities | 10/49 | €8,728,777 | €8,551,121 | -€177,656 | -2.0% |
| Equity | 10/15 | €4,345,668 | €4,413,138 | +€67,470 | +1.6% |
| Contributions | 10/11 | €1,337,323 | €1,337,323 | = | 0.0% |
| Capital | 10 | €1,337,323 | €1,337,323 | = | 0.0% |
| Issued capital | 100 | €1,337,323 | €1,337,323 | = | 0.0% |
| Reserves | 13 | €792,711 | €785,141 | -€7,571 | -1.0% |
| Non-distributable reserves | 130/1 | €133,732 | €133,732 | = | 0.0% |
| Legal reserve | 130 | €133,732 | €133,732 | = | 0.0% |
| Tax-exempt reserves | 132 | €638,361 | €630,791 | -€7,571 | -1.2% |
| Distributable reserves | 133 | €20,618 | €20,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,215,634 | €2,290,675 | +€75,040 | +3.4% |
| Provisions and deferred taxes | 16 | €212,787 | €210,264 | -€2,524 | -1.2% |
| Deferred taxes | 168 | €212,787 | €210,264 | -€2,524 | -1.2% |
| Amounts payable | 17/49 | €4,170,322 | €3,927,719 | -€242,602 | -5.8% |
| Amounts payable after more than one year | 17 | €2,415,417 | €2,154,417 | -€261,000 | -10.8% |
| Financial debts | 170/4 | €2,415,417 | €2,154,417 | -€261,000 | -10.8% |
| Amounts payable within one year | 42/48 | €1,336,397 | €1,377,175 | +€40,777 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €361,000 | €261,000 | -€100,000 | -27.7% |
| Trade debts | 44 | €18,935 | €26,506 | +€7,571 | +40.0% |
| Suppliers | 440/4 | €18,935 | €26,506 | +€7,571 | +40.0% |
| Advances received on contracts in progress | 46 | €175 | €124 | -€51 | -29.2% |
| Taxes, remuneration and social security | 45 | €35,489 | €20,052 | -€15,437 | -43.5% |
| Taxes | 450/3 | €35,489 | €20,052 | -€15,437 | -43.5% |
| Other amounts payable | 47/48 | €920,799 | €1,069,493 | +€148,694 | +16.1% |
| Accrued charges and deferred income | 492/3 | €418,508 | €396,128 | -€22,380 | -5.3% |
| Non-recurring operating income | 76A | €860,670 | €3,435 | -€857,235 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,790 | €87,110 | -€681 | -0.8% |
| Other operating charges | 640/8 | €50,582 | €45,422 | -€5,160 | -10.2% |
| Non-recurring operating charges | 66A | €32 | €0 | -€32 | -100% |
| Gross operating margin | 9900 | €1,453,257 | €662,346 | -€790,911 | -54.4% |
| Operating profit (loss) | 9901 | €1,314,852 | €529,814 | -€785,038 | -59.7% |
| Financial income | 75/76B | €34,425 | €26,982 | -€7,443 | -21.6% |
| Recurring financial income | 75 | €34,425 | €26,982 | -€7,443 | -21.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €63,238 | €47,349 | -€15,889 | -25.1% |
| Recurring financial charges | 65 | €55,875 | €47,349 | -€8,526 | -15.3% |
| Non-recurring financial charges | 66B | €7,363 | €0 | -€7,363 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,286,040 | €509,447 | -€776,592 | -60.4% |
| Transfer from deferred taxes | 780 | €2,081 | €2,524 | +€442 | +21.3% |
| Transfer to deferred taxes | 680 | €197,275 | €0 | -€197,275 | -100% |
| Income taxes | 67/77 | €127,258 | €144,341 | +€17,082 | +13.4% |
| Profit (loss) for the period | 9904 | €963,587 | €367,630 | -€595,957 | -61.8% |
| Transfer from tax-exempt reserves | 789 | €6,243 | €7,571 | +€1,327 | +21.3% |
| Transfer to tax-exempt reserves | 689 | €591,824 | €0 | -€591,824 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €378,007 | €375,201 | -€2,806 | -0.7% |
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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 1 November 2026 via checked.be.