Las Brisas: 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
Las Brisas
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · -€3.8m+€5.1m
Equity
€21.5m
2024 · €20.6m+€934,763
Cash
€123,903
2024 · €128,790-€4,887
Balance sheet total
€60.7m
2024 · €57.7m+€3.0m
Largest movements
Assets
- Financial fixed assets +€2.1m
up €2.1m (+5.3%), from €40.6m to €42.7m
of which Affiliated companies: +€2.1m
- Deferred charges and accrued income +€1.0m
up €1.0m (+2057.3%), from €48,864 to €1.1m
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+6.8%), from €28.0m to €29.9m
of which Other amounts payable: +€2.0m
- Profit (loss) carried forward +€842,532
up €842,532 (+6.7%), from €12.6m to €13.4m
Income statement
- Financial charges -€5.0m
down €5.0m (-77.6%), from €6.4m to €1.4m
of which Non-recurring financial charges: -€5.0m
- Other operating income +€971,271
up €971,271 (+60.8%), from €1.6m to €2.6m
- Financial income -€436,712
down €436,712 (-28.0%), from €1.6m to €1.1m
- Other operating charges +€329,108
up €329,108 (+308.6%), from €106,635 to €435,743
- Depreciation +€122,133
up €122,133 (+20.1%), from €607,832 to €729,965
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
-€3.8m
Turnover
+€57,319
Other operating income
+€971,271
Services and other goods
-€107,409
Depreciation
-€122,133
Write-downs
-€19,865
Other operating charges
-€329,108
Other operating items
+€21,340
Financial income
-€436,712
Financial charges
+€5.0m
Taxes
+€91,714
Deferred taxes and other
+€345
Result 2025
€1.3m
Cash bridge derived
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
+€1.7m
Investment
-€3.2m
Financing
+€1.5m
Cash 2024
€128,790
From operations (derived)
+€1.7m
Net result for the year
+€1.3m
Depreciation
+€729,965
Receivables after one year
+€239,747
Receivables within one year
+€273,083
Deferred charges and accrued income
-€1.0m
Provisions
+€30,744
Trade debts
-€13,773
Tax, wage and social debts
-€117,718
Other debts
+€333,824
Accrued charges and deferred income
-€80,200
Investment (derived)
-€3.2m
Investment in fixed assets (net)
-€3.2m
Financing
+€1.5m
Debts after one year
+€1.9m
Current portion of long-term debt
-€8,333
Contributions, distributions and other
-€380,000
Cash 2025
€123,903
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,697,357 | €60,694,318 | +€3.0m | +5.2% |
| Fixed assets | 21/28 | €54,754,082 | €57,263,452 | +€2.5m | +4.6% |
| Tangible fixed assets | 22/27 | €14,153,132 | €14,514,646 | +€361,515 | +2.6% |
| Land and buildings | 22 | €8,549,325 | €7,686,536 | -€862,789 | -10.1% |
| Plant, machinery and equipment | 23 | - | €1,961 | +€1,961 | |
| Furniture and vehicles | 24 | €18,030 | €2,716 | -€15,314 | -84.9% |
| Leasing and similar rights | 25 | €2,463,239 | €3,511,813 | +€1.0m | +42.6% |
| Other tangible fixed assets | 26 | €3,122,538 | €3,311,620 | +€189,082 | +6.1% |
| Financial fixed assets | 28 | €40,600,950 | €42,748,805 | +€2.1m | +5.3% |
| Affiliated companies | 280/1 | €40,050,564 | €42,197,045 | +€2.1m | +5.4% |
| Participating interests | 280 | €14,290,527 | €14,290,527 | = | 0.0% |
| Amounts receivable | 281 | €25,760,038 | €27,906,519 | +€2.1m | +8.3% |
| Companies linked by participating interests | 282/3 | €240,242 | €240,242 | = | 0.0% |
| Participating interests | 282 | €240,242 | €240,242 | = | 0.0% |
| Other financial fixed assets | 284/8 | €310,144 | €311,518 | +€1,375 | +0.4% |
| Shares | 284 | €310,144 | €311,518 | +€1,375 | +0.4% |
| Current assets | 29/58 | €2,943,276 | €3,430,866 | +€487,590 | +16.6% |
| Amounts receivable after more than one year | 29 | €1,656,575 | €1,416,828 | -€239,747 | -14.5% |
| Trade receivables | 290 | €1,656,575 | €1,416,828 | -€239,747 | -14.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Property held for sale | 35 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,109,046 | €835,963 | -€273,083 | -24.6% |
| Trade receivables | 40 | €237,127 | €308,229 | +€71,102 | +30.0% |
| Other amounts receivable | 41 | €871,919 | €527,734 | -€344,185 | -39.5% |
| Cash at bank and in hand | 54/58 | €128,790 | €123,903 | -€4,887 | -3.8% |
| Deferred charges and accrued income | 490/1 | €48,864 | €1,054,172 | +€1.0m | +2057.3% |
| Total equity and liabilities | 10/49 | €57,697,357 | €60,694,318 | +€3.0m | +5.2% |
| Equity | 10/15 | €20,569,375 | €21,504,138 | +€934,763 | +4.5% |
| Contributions | 10/11 | €7,073,250 | €7,073,250 | = | 0.0% |
| Capital | 10 | €7,073,250 | €7,073,250 | = | 0.0% |
| Issued capital | 100 | €7,073,250 | €7,073,250 | = | 0.0% |
| Reserves | 13 | €904,234 | €996,465 | +€92,231 | +10.2% |
| Non-distributable reserves | 130/1 | €707,325 | €707,325 | = | 0.0% |
| Legal reserve | 130 | €707,325 | €707,325 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,909 | €289,140 | +€92,231 | +46.8% |
| Profit (loss) carried forward | 14 | €12,591,892 | €13,434,423 | +€842,532 | +6.7% |
| Provisions and deferred taxes | 16 | €65,636 | €96,380 | +€30,744 | +46.8% |
| Deferred taxes | 168 | €65,636 | €96,380 | +€30,744 | +46.8% |
| Amounts payable | 17/49 | €37,062,346 | €39,093,800 | +€2.0m | +5.5% |
| Amounts payable after more than one year | 17 | €28,007,140 | €29,924,796 | +€1.9m | +6.8% |
| Financial debts | 170/4 | €555,556 | €430,556 | -€125,000 | -22.5% |
| Credit institutions | 173 | €555,556 | €430,556 | -€125,000 | -22.5% |
| Other amounts payable | 178/9 | €27,451,584 | €29,494,240 | +€2.0m | +7.4% |
| Amounts payable within one year | 42/48 | €785,155 | €979,155 | +€193,999 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €133,333 | €125,000 | -€8,333 | -6.2% |
| Trade debts | 44 | €420,042 | €406,269 | -€13,773 | -3.3% |
| Suppliers | 440/4 | €420,042 | €406,269 | -€13,773 | -3.3% |
| Taxes, remuneration and social security | 45 | €128,666 | €10,947 | -€117,718 | -91.5% |
| Taxes | 450/3 | €128,666 | €10,947 | -€117,718 | -91.5% |
| Other amounts payable | 47/48 | €103,114 | €436,938 | +€333,824 | +323.7% |
| Accrued charges and deferred income | 492/3 | €8,270,050 | €8,189,849 | -€80,200 | -1.0% |
| Operating income | 70/76A | €3,231,601 | €4,281,531 | +€1.0m | +32.5% |
| Turnover | 70 | €1,656,074 | €1,713,393 | +€57,319 | +3.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€21,340 | €0 | +€21,340 | |
| Other operating income | 74 | €1,596,868 | €2,568,138 | +€971,271 | +60.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €1,923,211 | €2,501,725 | +€578,515 | +30.1% |
| Services and other goods | 61 | €1,227,484 | €1,334,892 | +€107,409 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €607,832 | €729,965 | +€122,133 | +20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,740 | €1,125 | +€19,865 | |
| Other operating charges | 640/8 | €106,635 | €435,743 | +€329,108 | +308.6% |
| Operating profit (loss) | 9901 | €1,308,391 | €1,779,806 | +€471,415 | +36.0% |
| Financial income | 75/76B | €1,561,242 | €1,124,531 | -€436,712 | -28.0% |
| Recurring financial income | 75 | €1,561,242 | €1,124,531 | -€436,712 | -28.0% |
| Income from financial fixed assets | 750 | €1,061,885 | €790,008 | -€271,877 | -25.6% |
| Income from current assets | 751 | €499,229 | €334,146 | -€165,083 | -33.1% |
| Other financial income | 752/9 | €129 | €377 | +€249 | +193.1% |
| Financial charges | 65/66B | €6,383,138 | €1,429,692 | -€5.0m | -77.6% |
| Recurring financial charges | 65 | €1,335,575 | €1,429,692 | +€94,117 | +7.0% |
| Debt charges | 650 | €1,333,319 | €1,427,932 | +€94,613 | +7.1% |
| Other financial charges | 652/9 | €2,256 | €1,760 | -€496 | -22.0% |
| Non-recurring financial charges | 66B | €5,047,563 | €0 | -€5.0m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,513,505 | €1,474,645 | +€5.0m | |
| Transfer from deferred taxes | 780 | €3,264 | €3,366 | +€102 | +3.1% |
| Transfer to deferred taxes | 680 | €34,353 | €34,109 | -€243 | -0.7% |
| Income taxes | 67/77 | €220,853 | €129,139 | -€91,714 | -41.5% |
| Taxes | 670/3 | €220,853 | €129,150 | -€91,703 | -41.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €11 | +€11 | |
| Profit (loss) for the period | 9904 | -€3,765,447 | €1,314,763 | +€5.1m | |
| Transfer from tax-exempt reserves | 789 | €9,792 | €10,097 | +€305 | +3.1% |
| Transfer to tax-exempt reserves | 689 | €103,058 | €102,328 | -€730 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,858,714 | €1,222,532 | +€5.1m |
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 11 October 2026 via checked.be.