Les Heures claires: 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
Les Heures claires
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€552,203
2024 · €689,917-€137,715
Equity
€20.4m
2024 · €20.2m+€192,776
Cash
€4.1m
2024 · €4.3m-€178,572
Balance sheet total
€39.7m
2024 · €41.1m-€1.4m
Largest movements
Assets
- Tangible fixed assets -€677,955
down €677,955 (-2.1%), from €32.1m to €31.4m
of which Land and buildings: -€1.0m
Equity and liabilities
- Debts after one year -€925,153
down €925,153 (-5.8%), from €15.9m to €15.0m
of which Financial debts: -€924,904
- Reserves +€552,203
up €552,203 (+9.2%), from €6.0m to €6.6m
of which Non-distributable reserves: +€590,286
- Short-term financial debts -€480,839
down €480,839 (-64.0%), from €751,862 to €271,023
Income statement
- Turnover -€673,315
down €673,315 (-15.1%), from €4.5m to €3.8m
- Gross operating margin -€328,841
down €328,841 (-10.0%), from €3.3m to €3.0m
- Provisions -€266,814
down €266,814, from €0 to -€266,814
- Staff costs +€116,032
up €116,032 (+11.9%), from €975,480 to €1.1m
- Purchases and services +€89,012
up €89,012 (+13.1%), from €678,252 to €767,264
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
€689,917
Gross operating margin
-€328,841
Staff costs
-€116,032
Depreciation
+€1,399
Write-downs
+€11,060
Provisions
+€266,814
Other operating charges
-€15,062
Other operating items
-€5,164
Financial income
+€13,073
Financial charges
+€26,293
Taxes
+€8,720
Deferred taxes and other
+€27
Result 2025
€552,203
raises the resultlowers the resultnot broken down further in the accounts
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
+€2.2m
Investment
-€627,364
Financing
-€1.7m
Cash 2024
€4.3m
From operations (derived)
+€2.2m
Net result for the year
+€552,203
Depreciation
+€1.3m
Receivables after one year
+€203,464
Stocks and contracts
+€228,429
Receivables within one year
+€86,796
Deferred charges and accrued income
+€14,525
Provisions
-€287,721
Trade debts
+€55,078
Tax, wage and social debts
+€42,595
Other debts
-€18,672
Accrued charges and deferred income
+€8,413
Investment (derived)
-€627,364
Investment in fixed assets (net)
-€627,364
Financing
-€1.7m
Debts after one year
-€925,153
Current portion of long-term debt
+€23,782
Short-term financial debts
-€480,839
Contributions, distributions and other
-€359,427
Cash 2025
€4.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,067,971 | €39,678,230 | -€1.4m | -3.4% |
| Fixed assets | 21/28 | €32,121,718 | €31,443,764 | -€677,955 | -2.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €32,112,162 | €31,434,207 | -€677,955 | -2.1% |
| Land and buildings | 22 | €28,341,587 | €27,302,461 | -€1.0m | -3.7% |
| Plant, machinery and equipment | 23 | €8,798 | €10,967 | +€2,168 | +24.6% |
| Furniture and vehicles | 24 | €30,484 | €21,082 | -€9,402 | -30.8% |
| Assets under construction and advance payments | 27 | €3,731,293 | €4,099,698 | +€368,405 | +9.9% |
| Financial fixed assets | 28 | €9,556 | €9,556 | = | 0.0% |
| Current assets | 29/58 | €8,946,252 | €8,234,466 | -€711,786 | -8.0% |
| Amounts receivable after more than one year | 29 | €1,386,798 | €1,183,333 | -€203,464 | -14.7% |
| Trade receivables | 290 | - | €8,000 | +€8,000 | |
| Other amounts receivable | 291 | €1,386,798 | €1,175,333 | -€211,464 | -15.2% |
| Stocks and contracts in progress | 3 | €292,526 | €64,097 | -€228,429 | -78.1% |
| Stocks | 30/36 | €292,526 | €64,097 | -€228,429 | -78.1% |
| Amounts receivable within one year | 40/41 | €2,786,767 | €2,699,971 | -€86,796 | -3.1% |
| Trade receivables | 40 | €69,013 | €76,929 | +€7,916 | +11.5% |
| Other amounts receivable | 41 | €2,717,754 | €2,623,042 | -€94,712 | -3.5% |
| Cash at bank and in hand | 54/58 | €4,281,376 | €4,102,804 | -€178,572 | -4.2% |
| Deferred charges and accrued income | 490/1 | €198,786 | €184,261 | -€14,525 | -7.3% |
| Total equity and liabilities | 10/49 | €41,067,971 | €39,678,230 | -€1.4m | -3.4% |
| Equity | 10/15 | €20,244,104 | €20,436,880 | +€192,776 | +1.0% |
| Contributions | 10/11 | €5,796 | €5,796 | = | 0.0% |
| Contributions outside capital | 11 | - | €5,796 | +€5,796 | |
| Other | 1109/19 | - | €5,796 | +€5,796 | |
| Reserves | 13 | €6,032,689 | €6,584,892 | +€552,203 | +9.2% |
| Non-distributable reserves | 130/1 | €4,428,142 | €5,018,428 | +€590,286 | +13.3% |
| Reserves not available under the articles | 1311 | €4,428,142 | €5,018,428 | +€590,286 | +13.3% |
| Tax-exempt reserves | 132 | €1,604,547 | €1,566,464 | -€38,083 | -2.4% |
| Investment grants | 15 | €14,205,619 | €13,846,192 | -€359,427 | -2.5% |
| Provisions and deferred taxes | 16 | €2,662,262 | €2,374,541 | -€287,721 | -10.8% |
| Provisions for liabilities and charges | 160/5 | €1,867,695 | €1,600,881 | -€266,814 | -14.3% |
| Major repairs and maintenance | 162 | €1,867,695 | €1,600,881 | -€266,814 | -14.3% |
| Deferred taxes | 168 | €794,568 | €773,660 | -€20,907 | -2.6% |
| Amounts payable | 17/49 | €18,161,605 | €16,866,809 | -€1.3m | -7.1% |
| Amounts payable after more than one year | 17 | €15,946,875 | €15,021,722 | -€925,153 | -5.8% |
| Financial debts | 170/4 | €15,942,358 | €15,017,455 | -€924,904 | -5.8% |
| Other amounts payable | 178/9 | €4,516 | €4,267 | -€249 | -5.5% |
| Amounts payable within one year | 42/48 | €2,204,691 | €1,826,635 | -€378,056 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €1,119,621 | €1,143,403 | +€23,782 | +2.1% |
| Financial debts | 43 | €751,862 | €271,023 | -€480,839 | -64.0% |
| Credit institutions | 430/8 | €751,862 | €271,023 | -€480,839 | -64.0% |
| Trade debts | 44 | €106,726 | €161,804 | +€55,078 | +51.6% |
| Suppliers | 440/4 | €106,726 | €161,804 | +€55,078 | +51.6% |
| Taxes, remuneration and social security | 45 | €133,271 | €175,866 | +€42,595 | +32.0% |
| Taxes | 450/3 | €22,005 | €32,342 | +€10,336 | +47.0% |
| Remuneration and social security | 454/9 | €111,266 | €143,524 | +€32,259 | +29.0% |
| Other amounts payable | 47/48 | €93,211 | €74,538 | -€18,672 | -20.0% |
| Accrued charges and deferred income | 492/3 | €10,039 | €18,453 | +€8,413 | +83.8% |
| Turnover | 70 | €4,471,468 | €3,798,153 | -€673,315 | -15.1% |
| Non-recurring operating income | 76A | €11,488 | €982 | -€10,506 | -91.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €678,252 | €767,264 | +€89,012 | +13.1% |
| Remuneration, social security and pensions | 62 | €975,480 | €1,091,512 | +€116,032 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,306,717 | €1,305,318 | -€1,399 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,966 | -€8,094 | -€11,060 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€266,814 | -€266,814 | |
| Other operating charges | 640/8 | €303,672 | €318,734 | +€15,062 | +5.0% |
| Non-recurring operating charges | 66A | €26,092 | €31,256 | +€5,164 | +19.8% |
| Gross operating margin | 9900 | €3,297,073 | €2,968,232 | -€328,841 | -10.0% |
| Operating profit (loss) | 9901 | €682,145 | €496,319 | -€185,827 | -27.2% |
| Financial income | 75/76B | €425,051 | €438,124 | +€13,073 | +3.1% |
| Recurring financial income | 75 | €425,051 | €438,124 | +€13,073 | +3.1% |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €396,963 | €370,670 | -€26,293 | -6.6% |
| Recurring financial charges | 65 | €396,963 | €370,670 | -€26,293 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €710,234 | €563,773 | -€146,461 | -20.6% |
| Transfer from deferred taxes | 780 | €20,881 | €20,907 | +€27 | +0.1% |
| Income taxes | 67/77 | €41,197 | €32,478 | -€8,720 | -21.2% |
| Profit (loss) for the period | 9904 | €689,917 | €552,203 | -€137,715 | -20.0% |
| Transfer from tax-exempt reserves | 789 | €38,083 | €38,083 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €728,000 | €590,286 | -€137,715 | -18.9% |
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 31 October 2026 via checked.be.