LANDLORD SERVICES: 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.
LANDLORD SERVICES
Largest movements
- Tangible fixed assets -€44,289
down €44,289 (-6.3%), from €701,442 to €657,153
of which Land and buildings: -€25,689
- Receivables within one year +€33,688
up €33,688 (+117%), from €28,913 to €62,600
of which Trade receivables: +€34,511
- Other debts -€35,080
down €35,080 (-15.8%), from €221,380 to €186,300
- Gross operating margin -€66,177
down €66,177 (-47.9%), from €138,169 to €71,992
- Taxes -€11,781
down €11,781 (-74.3%), from €15,851 to €4,070
- Other operating charges -€4,711
down €4,711 (-34.1%), from €13,812 to €9,101
- Depreciation +€3,110
up €3,110 (+6.6%), from €47,063 to €50,174
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,406,812 | €1,386,307 | -€20,505 | -1.5% |
| Fixed assets | 21/28 | €701,498 | €657,209 | -€44,289 | -6.3% |
| Tangible fixed assets | 22/27 | €701,442 | €657,153 | -€44,289 | -6.3% |
| Land and buildings | 22 | €601,717 | €576,028 | -€25,689 | -4.3% |
| Furniture and vehicles | 24 | €99,725 | €81,125 | -€18,600 | -18.7% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €705,315 | €729,099 | +€23,784 | +3.4% |
| Amounts receivable within one year | 40/41 | €28,913 | €62,600 | +€33,688 | +117% |
| Trade receivables | 40 | €64 | €34,575 | +€34,511 | +53,924% |
| Other amounts receivable | 41 | €28,849 | €28,025 | -€824 | -2.9% |
| Cash at bank and in hand | 54/58 | €676,402 | €666,498 | -€9,904 | -1.5% |
| Total equity and liabilities | 10/49 | €1,406,812 | €1,386,307 | -€20,505 | -1.5% |
| Equity | 10/15 | €1,162,109 | €1,170,494 | +€8,385 | +0.7% |
| Contributions | 10/11 | €117,000 | €117,000 | = | 0.0% |
| Capital | 10 | €117,000 | €117,000 | = | 0.0% |
| Issued capital | 100 | €117,000 | €117,000 | = | 0.0% |
| Reserves | 13 | €909,000 | €917,300 | +€8,300 | +0.9% |
| Non-distributable reserves | 130/1 | €51,700 | €51,700 | = | 0.0% |
| Legal reserve | 130 | €51,700 | €51,700 | = | 0.0% |
| Distributable reserves | 133 | €857,300 | €865,600 | +€8,300 | +1.0% |
| Profit (loss) carried forward | 14 | €136,109 | €136,194 | +€85 | +0.1% |
| Amounts payable | 17/49 | €244,703 | €215,813 | -€28,890 | -11.8% |
| Amounts payable within one year | 42/48 | €241,365 | €210,738 | -€30,627 | -12.7% |
| Trade debts | 44 | €1,679 | €13,343 | +€11,664 | +695% |
| Suppliers | 440/4 | €1,679 | €13,343 | +€11,664 | +695% |
| Taxes, remuneration and social security | 45 | €18,305 | €11,094 | -€7,211 | -39.4% |
| Taxes | 450/3 | €16,558 | €2,094 | -€14,464 | -87.4% |
| Remuneration and social security | 454/9 | €1,747 | €9,000 | +€7,253 | +415% |
| Other amounts payable | 47/48 | €221,380 | €186,300 | -€35,080 | -15.8% |
| Accrued charges and deferred income | 492/3 | €3,338 | €5,075 | +€1,737 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,063 | €50,174 | +€3,110 | +6.6% |
| Other operating charges | 640/8 | €13,812 | €9,101 | -€4,711 | -34.1% |
| Non-recurring operating charges | 66A | €15,286 | - | -€15,286 | |
| Gross operating margin | 9900 | €138,169 | €71,992 | -€66,177 | -47.9% |
| Operating profit (loss) | 9901 | €62,008 | €12,717 | -€49,291 | -79.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €152 | €262 | +€109 | +71.7% |
| Recurring financial charges | 65 | €152 | €262 | +€109 | +71.7% |
| Profit (loss) for the period before taxes | 9903 | €61,856 | €12,455 | -€49,401 | -79.9% |
| Income taxes | 67/77 | €15,851 | €4,070 | -€11,781 | -74.3% |
| Profit (loss) for the period | 9904 | €46,005 | €8,385 | -€37,620 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,005 | €8,385 | -€37,620 | -81.8% |
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 30 October 2026 via checked.be.