LES PIETRESSES: what changed
What changed
LES PIETRESSES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€44,728
2024 · €4,590-€49,318
Equity
€13,789
2024 · €58,517-€44,728
Cash
€7,074
2024 · €12,919-€5,844
Balance sheet total
€1.7m
2024 · €1.0m+€663,369
Largest movements
Assets
- Tangible fixed assets +€703,781
up €703,781 (+72.6%), from €970,031 to €1.7m
of which Land and buildings: +€705,972
- Receivables within one year -€34,568
no longer reported in 2025 (was €34,568)
Equity and liabilities
- Debts after one year +€676,825
up €676,825 (+72.9%), from €928,991 to €1.6m
of which Financial debts: +€564,719
- Profit (loss) carried forward -€44,728
down €44,728 (-108%), from -€41,483 to -€86,211
- Current portion of long-term debt +€26,595
up €26,595 (+123%), from €21,610 to €48,206
Income statement
- Gross operating margin -€21,122
down €21,122 (-35.4%), from €59,661 to €38,538
- Depreciation +€13,868
up €13,868 (+35.0%), from €39,588 to €53,456
- Financial charges +€10,406
up €10,406 (+114%), from €9,103 to €19,510
- Other operating charges +€3,921
up €3,921 (+61.5%), from €6,380 to €10,301
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
€4,590
Gross operating margin
-€21,122
Depreciation
-€13,868
Other operating charges
-€3,921
Financial income
+€0
Financial charges
-€10,406
Result 2025
-€44,728
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
+€47,972
Investment
-€757,238
Financing
+€703,421
Cash 2024
€12,919
From operations (derived)
+€47,972
Net result for the year
-€44,728
Depreciation
+€53,456
Receivables within one year
+€34,568
Trade debts
+€9,947
Advances received
+€2,200
Other debts
-€1,898
Accrued charges and deferred income
-€5,572
Investment (derived)
-€757,238
Investment in fixed assets (net)
-€757,238
Financing
+€703,421
Debts after one year
+€676,825
Current portion of long-term debt
+€26,595
Cash 2025
€7,074
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,017,517 | €1,680,886 | +€663,369 | +65.2% |
| Fixed assets | 21/28 | €970,031 | €1,673,812 | +€703,781 | +72.6% |
| Tangible fixed assets | 22/27 | €970,031 | €1,673,812 | +€703,781 | +72.6% |
| Land and buildings | 22 | €963,055 | €1,669,026 | +€705,972 | +73.3% |
| Plant, machinery and equipment | 23 | €1,505 | €1,085 | -€420 | -27.9% |
| Furniture and vehicles | 24 | €5,471 | €3,701 | -€1,770 | -32.4% |
| Current assets | 29/58 | €47,486 | €7,074 | -€40,412 | -85.1% |
| Amounts receivable within one year | 40/41 | €34,568 | - | -€34,568 | |
| Trade receivables | 40 | €34,568 | - | -€34,568 | |
| Cash at bank and in hand | 54/58 | €12,919 | €7,074 | -€5,844 | -45.2% |
| Total equity and liabilities | 10/49 | €1,017,517 | €1,680,886 | +€663,369 | +65.2% |
| Equity | 10/15 | €58,517 | €13,789 | -€44,728 | -76.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,483 | -€86,211 | -€44,728 | -108% |
| Amounts payable | 17/49 | €959,000 | €1,667,098 | +€708,098 | +73.8% |
| Amounts payable after more than one year | 17 | €928,991 | €1,605,816 | +€676,825 | +72.9% |
| Financial debts | 170/4 | €431,261 | €995,980 | +€564,719 | +131% |
| Other amounts payable | 178/9 | €497,730 | €609,836 | +€112,106 | +22.5% |
| Amounts payable within one year | 42/48 | €24,438 | €61,282 | +€36,844 | +151% |
| Current portion of amounts payable after more than one year | 42 | €21,610 | €48,206 | +€26,595 | +123% |
| Trade debts | 44 | - | €9,947 | +€9,947 | |
| Suppliers | 440/4 | - | €9,947 | +€9,947 | |
| Advances received on contracts in progress | 46 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €2,828 | €929 | -€1,898 | -67.1% |
| Accrued charges and deferred income | 492/3 | €5,572 | - | -€5,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,588 | €53,456 | +€13,868 | +35.0% |
| Other operating charges | 640/8 | €6,380 | €10,301 | +€3,921 | +61.5% |
| Gross operating margin | 9900 | €59,661 | €38,538 | -€21,122 | -35.4% |
| Operating profit (loss) | 9901 | €13,693 | -€25,219 | -€38,912 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +125% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +125% |
| Financial charges | 65/66B | €9,103 | €19,510 | +€10,406 | +114% |
| Recurring financial charges | 65 | €9,103 | €19,510 | +€10,406 | +114% |
| Profit (loss) for the period before taxes | 9903 | €4,590 | -€44,728 | -€49,318 | |
| Profit (loss) for the period | 9904 | €4,590 | -€44,728 | -€49,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,590 | -€44,728 | -€49,318 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.