Lease Estate: what changed
What changed
Lease Estate
NACE 77.229, Renting and leasing of other personal and household goods
filed annual accounts (NBB)
Net result for the year
€325,963
2024 · €305,259+€20,704
Equity
€1.8m
2024 · €1.4m+€325,963
Cash
€346,348
2024 · €279,444+€66,904
Balance sheet total
€31.6m
2024 · €26.8m+€4.9m
Largest movements
Assets
- Tangible fixed assets +€2.6m
up €2.6m (+16.1%), from €16.1m to €18.7m
of which Other tangible fixed assets: +€1.7m
- Receivables after one year +€1.0m
up €1.0m (+14.2%), from €7.1m to €8.1m
of which Trade receivables: +€1.0m
- Receivables within one year +€648,560
up €648,560 (+34.8%), from €1.9m to €2.5m
of which Trade receivables: +€848,926
- Financial fixed assets +€586,275
up €586,275 (+42.4%), from €1.4m to €2.0m
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+7.4%), from €22.2m to €23.8m
- Short-term financial debts +€995,778
new in 2025: €995,778
- Other debts +€852,763
up €852,763 (+84.3%), from €1.0m to €1.9m
- Accrued charges and deferred income +€779,332
up €779,332 (+132%), from €592,546 to €1.4m
- Trade debts +€499,173
up €499,173 (+323%), from €154,727 to €653,900
Income statement
- Gross operating margin +€267,524
up €267,524 (+15.9%), from €1.7m to €2.0m
- Depreciation +€77,066
up €77,066 (+14.0%), from €548,973 to €626,039
- Write-downs +€47,883
up €47,883, from -€37,283 to €10,601
- Other operating charges +€47,741
up €47,741 (+27.5%), from €173,686 to €221,427
- Taxes +€43,692
up €43,692 (+77.7%), from €56,260 to €99,952
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
€305,259
Gross operating margin
+€267,524
Depreciation
-€77,066
Write-downs
-€47,883
Other operating charges
-€47,741
Financial income
+€5,293
Financial charges
-€35,730
Taxes
-€43,692
Result 2025
€325,963
raises the resultlowers the result
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
+€1.4m
Investment
-€3.8m
Financing
+€2.5m
Cash 2024
€279,444
From operations (derived)
+€1.4m
Net result for the year
+€325,963
Depreciation
+€626,039
Receivables after one year
-€1.0m
Receivables within one year
-€648,560
Deferred charges and accrued income
+€5,842
Trade debts
+€499,173
Tax, wage and social debts
-€41,921
Other debts
+€852,763
Accrued charges and deferred income
+€779,332
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€2.5m
Debts after one year
+€1.6m
Current portion of long-term debt
-€154,925
Short-term financial debts
+€995,778
Cash 2025
€346,348
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,751,029 | €31,640,100 | +€4.9m | +18.3% |
| Fixed assets | 21/28 | €17,501,364 | €20,674,347 | +€3.2m | +18.1% |
| Intangible fixed assets | 21 | €30,489 | €19,022 | -€11,467 | -37.6% |
| Tangible fixed assets | 22/27 | €16,088,767 | €18,686,942 | +€2.6m | +16.1% |
| Furniture and vehicles | 24 | €3,018 | €1,626 | -€1,393 | -46.1% |
| Other tangible fixed assets | 26 | €16,085,748 | €17,765,147 | +€1.7m | +10.4% |
| Assets under construction and advance payments | 27 | - | €920,169 | +€920,169 | |
| Financial fixed assets | 28 | €1,382,108 | €1,968,383 | +€586,275 | +42.4% |
| Current assets | 29/58 | €9,249,665 | €10,965,753 | +€1.7m | +18.6% |
| Amounts receivable after more than one year | 29 | €7,084,451 | €8,090,916 | +€1.0m | +14.2% |
| Trade receivables | 290 | €7,055,101 | €8,078,373 | +€1.0m | +14.5% |
| Other amounts receivable | 291 | €29,350 | €12,543 | -€16,807 | -57.3% |
| Amounts receivable within one year | 40/41 | €1,864,884 | €2,513,445 | +€648,560 | +34.8% |
| Trade receivables | 40 | €1,579,283 | €2,428,208 | +€848,926 | +53.8% |
| Other amounts receivable | 41 | €285,602 | €85,237 | -€200,365 | -70.2% |
| Cash at bank and in hand | 54/58 | €279,444 | €346,348 | +€66,904 | +23.9% |
| Deferred charges and accrued income | 490/1 | €20,886 | €15,045 | -€5,842 | -28.0% |
| Total equity and liabilities | 10/49 | €26,751,029 | €31,640,100 | +€4.9m | +18.3% |
| Equity | 10/15 | €1,436,484 | €1,762,447 | +€325,963 | +22.7% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €686,484 | €1,012,447 | +€325,963 | +47.5% |
| Non-distributable reserves | 130/1 | €31,589 | €47,767 | +€16,177 | +51.2% |
| Legal reserve | 130 | €31,589 | €47,767 | +€16,177 | +51.2% |
| Tax-exempt reserves | 132 | €246,285 | €410,475 | +€164,190 | +66.7% |
| Distributable reserves | 133 | €408,609 | €554,205 | +€145,596 | +35.6% |
| Amounts payable | 17/49 | €25,314,546 | €29,877,653 | +€4.6m | +18.0% |
| Amounts payable after more than one year | 17 | €22,164,689 | €23,797,595 | +€1.6m | +7.4% |
| Financial debts | 170/4 | €22,164,689 | €23,797,595 | +€1.6m | +7.4% |
| Amounts payable within one year | 42/48 | €2,557,311 | €4,708,180 | +€2.2m | +84.1% |
| Current portion of amounts payable after more than one year | 42 | €1,348,737 | €1,193,813 | -€154,925 | -11.5% |
| Financial debts | 43 | - | €995,778 | +€995,778 | |
| Credit institutions | 430/8 | - | €995,778 | +€995,778 | |
| Trade debts | 44 | €154,727 | €653,900 | +€499,173 | +323% |
| Suppliers | 440/4 | €154,727 | €653,900 | +€499,173 | +323% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €42,468 | €548 | -€41,921 | -98.7% |
| Taxes | 450/3 | €42,468 | €548 | -€41,921 | -98.7% |
| Other amounts payable | 47/48 | €1,011,378 | €1,864,142 | +€852,763 | +84.3% |
| Accrued charges and deferred income | 492/3 | €592,546 | €1,371,878 | +€779,332 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548,973 | €626,039 | +€77,066 | +14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€37,283 | €10,601 | +€47,883 | |
| Other operating charges | 640/8 | €173,686 | €221,427 | +€47,741 | +27.5% |
| Gross operating margin | 9900 | €1,687,618 | €1,955,141 | +€267,524 | +15.9% |
| Operating profit (loss) | 9901 | €1,002,242 | €1,097,075 | +€94,833 | +9.5% |
| Financial income | 75/76B | €4,531 | €9,824 | +€5,293 | +117% |
| Recurring financial income | 75 | €4,531 | €9,824 | +€5,293 | +117% |
| Financial charges | 65/66B | €645,253 | €680,983 | +€35,730 | +5.5% |
| Recurring financial charges | 65 | €645,253 | €680,983 | +€35,730 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €361,519 | €425,915 | +€64,396 | +17.8% |
| Income taxes | 67/77 | €56,260 | €99,952 | +€43,692 | +77.7% |
| Profit (loss) for the period | 9904 | €305,259 | €325,963 | +€20,704 | +6.8% |
| Transfer to tax-exempt reserves | 689 | €113,670 | €164,190 | +€50,520 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €191,589 | €161,773 | -€29,816 | -15.6% |
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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 4 November 2026 via checked.be.