Lease.BW: 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
Lease.BW
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€183,084
2024 · €216,511-€33,427
Equity
€5.6m
2024 · €5.4m+€183,084
Cash
€342,174
2024 · €455,187-€113,013
Balance sheet total
€26.0m
2024 · €26.0m-€73,144
Largest movements
Assets
- Financial fixed assets +€4.1m
up €4.1m (+131%), from €3.1m to €7.2m
of which Affiliated companies: +€2.8m
- Current investments -€2.7m
down €2.7m (-19.9%), from €13.6m to €10.9m
- Receivables after one year -€1.0m
down €1.0m (-18.3%), from €5.7m to €4.7m
- Tangible fixed assets -€268,292
down €268,292 (-18.2%), from €1.5m to €1.2m
of which Other tangible fixed assets: -€228,120
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges +€58,085
up €58,085 (+23.8%), from €243,550 to €301,635
- Other operating charges -€53,084
down €53,084 (-17.2%), from €309,524 to €256,439
- Other operating income -€44,385
down €44,385 (-15.6%), from €283,954 to €239,569
- Services and other goods -€23,950
down €23,950 (-8.0%), from €297,899 to €273,949
- Turnover -€20,612
down €20,612 (-5.9%), from €348,054 to €327,442
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
€216,511
Turnover
-€20,612
Other operating income
-€44,385
Services and other goods
+€23,950
Depreciation
-€398
Other operating charges
+€53,084
Financial income
+€1,877
Financial charges
-€58,085
Taxes
+€11,142
Result 2025
€183,084
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
+€1.2m
Investment
-€1.2m
Financing
-€162,661
Cash 2024
€455,187
From operations (derived)
+€1.2m
Net result for the year
+€183,084
Depreciation
+€41,382
Receivables after one year
+€1.0m
Receivables within one year
+€49,853
Smaller working-capital items
+€2,196
Trade debts
-€110,439
Tax, wage and social debts
+€18,083
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€3.9m
Current investments
+€2.7m
Financing
-€162,661
Debts after one year
-€196,618
Current portion of long-term debt
+€33,957
Cash 2025
€342,174
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,030,462 | €25,957,318 | -€73,144 | -0.3% |
| Fixed assets | 21/28 | €4,596,531 | €8,433,329 | +€3.8m | +83.5% |
| Tangible fixed assets | 22/27 | €1,471,318 | €1,203,026 | -€268,292 | -18.2% |
| Land and buildings | 22 | €529,350 | €497,143 | -€32,207 | -6.1% |
| Plant, machinery and equipment | 23 | €21,951 | €18,831 | -€3,120 | -14.2% |
| Furniture and vehicles | 24 | €13,748 | €8,903 | -€4,845 | -35.2% |
| Other tangible fixed assets | 26 | €906,268 | €678,148 | -€228,120 | -25.2% |
| Financial fixed assets | 28 | €3,125,213 | €7,230,303 | +€4.1m | +131% |
| Affiliated companies | 280/1 | €2,338,815 | €5,108,815 | +€2.8m | +118% |
| Participating interests | 280 | €988,815 | €988,815 | = | 0.0% |
| Amounts receivable | 281 | €1,350,000 | €4,120,000 | +€2.8m | +205% |
| Other financial fixed assets | 284/8 | €786,398 | €2,121,488 | +€1.3m | +170% |
| Amounts receivable and cash guarantees | 285/8 | €786,398 | €2,121,488 | +€1.3m | +170% |
| Current assets | 29/58 | €21,433,931 | €17,523,989 | -€3.9m | -18.2% |
| Amounts receivable after more than one year | 29 | €5,703,011 | €4,659,341 | -€1.0m | -18.3% |
| Trade receivables | 290 | €5,703,011 | €4,659,341 | -€1.0m | -18.3% |
| Amounts receivable within one year | 40/41 | €1,589,114 | €1,539,261 | -€49,853 | -3.1% |
| Trade receivables | 40 | €1,443,193 | €1,429,297 | -€13,896 | -1.0% |
| Other amounts receivable | 41 | €145,921 | €109,964 | -€35,956 | -24.6% |
| Current investments | 50/53 | €13,600,000 | €10,900,000 | -€2.7m | -19.9% |
| Other investments | 51/53 | €13,600,000 | €10,900,000 | -€2.7m | -19.9% |
| Cash at bank and in hand | 54/58 | €455,187 | €342,174 | -€113,013 | -24.8% |
| Deferred charges and accrued income | 490/1 | €86,620 | €83,212 | -€3,408 | -3.9% |
| Total equity and liabilities | 10/49 | €26,030,462 | €25,957,318 | -€73,144 | -0.3% |
| Equity | 10/15 | €5,439,659 | €5,622,744 | +€183,084 | +3.4% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Capital | 10 | €5,000,000 | €5,000,000 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €138,087 | €147,242 | +€9,154 | +6.6% |
| Non-distributable reserves | 130/1 | €138,087 | €147,242 | +€9,154 | +6.6% |
| Legal reserve | 130 | €138,087 | €147,242 | +€9,154 | +6.6% |
| Profit (loss) carried forward | 14 | €301,572 | €475,502 | +€173,930 | +57.7% |
| Amounts payable | 17/49 | €20,590,803 | €20,334,574 | -€256,229 | -1.2% |
| Amounts payable after more than one year | 17 | €20,217,733 | €20,021,115 | -€196,618 | -1.0% |
| Financial debts | 170/4 | €20,217,733 | €20,021,115 | -€196,618 | -1.0% |
| Subordinated loans | 170 | €20,021,115 | €20,021,115 | = | 0.0% |
| Credit institutions | 173 | €196,618 | - | -€196,618 | |
| Amounts payable within one year | 42/48 | €363,760 | €305,362 | -€58,398 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €162,661 | €196,618 | +€33,957 | +20.9% |
| Trade debts | 44 | €160,320 | €49,881 | -€110,439 | -68.9% |
| Suppliers | 440/4 | €160,320 | €49,881 | -€110,439 | -68.9% |
| Taxes, remuneration and social security | 45 | €40,780 | €58,863 | +€18,083 | +44.3% |
| Taxes | 450/3 | €40,780 | €58,863 | +€18,083 | +44.3% |
| Accrued charges and deferred income | 492/3 | €9,309 | €8,097 | -€1,212 | -13.0% |
| Operating income | 70/76A | €632,008 | €567,011 | -€64,997 | -10.3% |
| Turnover | 70 | €348,054 | €327,442 | -€20,612 | -5.9% |
| Other operating income | 74 | €283,954 | €239,569 | -€44,385 | -15.6% |
| Operating charges | 60/66A | €648,406 | €571,770 | -€76,636 | -11.8% |
| Services and other goods | 61 | €297,899 | €273,949 | -€23,950 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,984 | €41,382 | +€398 | +1.0% |
| Other operating charges | 640/8 | €309,524 | €256,439 | -€53,084 | -17.2% |
| Operating profit (loss) | 9901 | -€16,398 | -€4,760 | +€11,639 | +71.0% |
| Financial income | 75/76B | €548,630 | €550,508 | +€1,877 | +0.3% |
| Recurring financial income | 75 | €548,630 | €550,508 | +€1,877 | +0.3% |
| Income from current assets | 751 | €548,630 | €550,508 | +€1,877 | +0.3% |
| Financial charges | 65/66B | €243,550 | €301,635 | +€58,085 | +23.8% |
| Recurring financial charges | 65 | €243,550 | €301,635 | +€58,085 | +23.8% |
| Debt charges | 650 | €242,272 | €300,267 | +€57,994 | +23.9% |
| Other financial charges | 652/9 | €1,278 | €1,368 | +€91 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €288,682 | €244,113 | -€44,569 | -15.4% |
| Income taxes | 67/77 | €72,170 | €61,028 | -€11,142 | -15.4% |
| Taxes | 670/3 | €72,170 | €61,028 | -€11,142 | -15.4% |
| Profit (loss) for the period | 9904 | €216,511 | €183,084 | -€33,427 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €216,511 | €183,084 | -€33,427 | -15.4% |
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 22 October 2026 via checked.be.