Las Real Estate: 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.
Las Real Estate
Largest movements
- Receivables within one year +€338,863
up €338,863 (+105%), from €321,772 to €660,635
of which Other amounts receivable: +€320,500
- Tangible fixed assets +€79,262
up €79,262 (+13.3%), from €596,176 to €675,438
of which Other tangible fixed assets: +€103,270
- Cash +€78,791
up €78,791 (+140%), from €56,268 to €135,059
mainly Net result for the year (+€630,934) and Other debts (+€513,693)
- Other debts +€513,693
up €513,693, from €0 to €513,693
- Contributions +€48,700
up €48,700 (+3,746%), from €1,300 to €50,000
- Debts after one year -€40,800
down €40,800 (-9.9%), from €410,192 to €369,392
- Gross operating margin +€551,365
up €551,365 (+129%), from €426,311 to €977,676
- Taxes +€131,728
up €131,728 (+172%), from €76,772 to €208,500
- Depreciation -€29,726
down €29,726 (-37.5%), from €79,186 to €49,460
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 | €1,037,035 | €1,534,239 | +€497,205 | +47.9% |
| Fixed assets | 21/28 | €658,995 | €730,380 | +€71,385 | +10.8% |
| Intangible fixed assets | 21 | €62,818 | €54,942 | -€7,877 | -12.5% |
| Tangible fixed assets | 22/27 | €596,176 | €675,438 | +€79,262 | +13.3% |
| Land and buildings | 22 | €532,542 | €512,614 | -€19,928 | -3.7% |
| Plant, machinery and equipment | 23 | €1,308 | €1,005 | -€303 | -23.1% |
| Furniture and vehicles | 24 | €62,327 | €58,548 | -€3,778 | -6.1% |
| Other tangible fixed assets | 26 | - | €103,270 | +€103,270 | |
| Current assets | 29/58 | €378,040 | €803,860 | +€425,820 | +113% |
| Amounts receivable within one year | 40/41 | €321,772 | €660,635 | +€338,863 | +105% |
| Trade receivables | 40 | €114,160 | €132,523 | +€18,363 | +16.1% |
| Other amounts receivable | 41 | €207,612 | €528,112 | +€320,500 | +154% |
| Cash at bank and in hand | 54/58 | €56,268 | €135,059 | +€78,791 | +140% |
| Deferred charges and accrued income | 490/1 | €0 | €8,166 | +€8,166 | |
| Total equity and liabilities | 10/49 | €1,037,035 | €1,534,239 | +€497,205 | +47.9% |
| Equity | 10/15 | €455,069 | €504,353 | +€49,284 | +10.8% |
| Contributions | 10/11 | €1,300 | €50,000 | +€48,700 | +3,746% |
| Reserves | 13 | €453,769 | €453,769 | = | 0.0% |
| Distributable reserves | 133 | €453,769 | €453,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €584 | +€584 | |
| Amounts payable | 17/49 | €581,966 | €1,029,887 | +€447,921 | +77.0% |
| Amounts payable after more than one year | 17 | €410,192 | €369,392 | -€40,800 | -9.9% |
| Financial debts | 170/4 | €410,192 | €369,392 | -€40,800 | -9.9% |
| Amounts payable within one year | 42/48 | €171,774 | €660,495 | +€488,721 | +285% |
| Current portion of amounts payable after more than one year | 42 | €45,131 | €40,800 | -€4,331 | -9.6% |
| Trade debts | 44 | €18,165 | €3,048 | -€15,117 | -83.2% |
| Suppliers | 440/4 | €18,165 | €3,048 | -€15,117 | -83.2% |
| Advances received on contracts in progress | 46 | €525 | €0 | -€525 | -100% |
| Taxes, remuneration and social security | 45 | €107,953 | €102,953 | -€4,999 | -4.6% |
| Taxes | 450/3 | €99,998 | €94,714 | -€5,284 | -5.3% |
| Remuneration and social security | 454/9 | €7,955 | €8,239 | +€285 | +3.6% |
| Other amounts payable | 47/48 | €0 | €513,693 | +€513,693 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,817 | €0 | -€6,817 | -100% |
| Remuneration, social security and pensions | 62 | €72,189 | €68,053 | -€4,136 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,186 | €49,460 | -€29,726 | -37.5% |
| Other operating charges | 640/8 | €5,579 | €10,966 | +€5,387 | +96.6% |
| Gross operating margin | 9900 | €426,311 | €977,676 | +€551,365 | +129% |
| Operating profit (loss) | 9901 | €269,357 | €849,198 | +€579,841 | +215% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.8% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.8% |
| Financial charges | 65/66B | €16,656 | €9,764 | -€6,892 | -41.4% |
| Recurring financial charges | 65 | €16,656 | €9,764 | -€6,892 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €252,705 | €839,434 | +€586,729 | +232% |
| Income taxes | 67/77 | €76,772 | €208,500 | +€131,728 | +172% |
| Profit (loss) for the period | 9904 | €175,933 | €630,934 | +€455,000 | +259% |
| Profit (loss) for the period to be appropriated | 9905 | €175,933 | €630,934 | +€455,000 | +259% |
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 1 November 2026 via checked.be.