LL-INVEST: what changed
What changed
LL-INVEST
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€778
2024 · €6,924-€6,146
Equity
€5,505
2024 · €4,727+€778
Cash
€67,176
2024 · €26,267+€40,909
Balance sheet total
€640,022
2024 · €732,770-€92,748
Largest movements
Assets
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Cash +€40,909
up €40,909 (+156%), from €26,267 to €67,176
mainly Current investments (+€120,000) and Depreciation (+€17,663)
- Tangible fixed assets -€16,763
down €16,763 (-2.9%), from €579,922 to €563,159
Equity and liabilities
- Debts after one year -€97,493
down €97,493 (-14.1%), from €691,100 to €593,607
Income statement
- Gross operating margin -€3,931
down €3,931 (-12.8%), from €30,704 to €26,773
- Other operating charges +€1,134
up €1,134 (+44.1%), from €2,573 to €3,707
- Financial income -€1,097
down €1,097 (-50.5%), from €2,174 to €1,077
- Financial charges -€423
down €423 (-7.4%), from €5,718 to €5,295
- Taxes +€407
up €407, from €0 to €407
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
€6,924
Gross operating margin
-€3,931
Other operating charges
-€1,134
Financial income
-€1,097
Financial charges
+€423
Taxes
-€407
Result 2025
€778
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
+€15,638
Investment
+€120,000
Financing
-€94,729
Cash 2024
€26,267
From operations (derived)
+€15,638
Net result for the year
+€778
Depreciation
+€17,663
Receivables within one year
-€4,006
Trade debts
+€1,148
Tax, wage and social debts
+€55
Investment (derived)
+€120,000
Current investments
+€120,000
Financing
-€94,729
Debts after one year
-€97,493
Current portion of long-term debt
+€2,764
Cash 2025
€67,176
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €732,770 | €640,022 | -€92,748 | -12.7% |
| Formation expenses | 20 | €3,600 | €2,700 | -€900 | -25.0% |
| Fixed assets | 21/28 | €579,922 | €563,159 | -€16,763 | -2.9% |
| Tangible fixed assets | 22/27 | €579,922 | €563,159 | -€16,763 | -2.9% |
| Land and buildings | 22 | €579,922 | €563,159 | -€16,763 | -2.9% |
| Current assets | 29/58 | €149,249 | €74,164 | -€75,085 | -50.3% |
| Amounts receivable within one year | 40/41 | €2,982 | €6,988 | +€4,006 | +134% |
| Trade receivables | 40 | €2,480 | €6,485 | +€4,006 | +162% |
| Other amounts receivable | 41 | €502 | €502 | = | 0.0% |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €26,267 | €67,176 | +€40,909 | +156% |
| Total equity and liabilities | 10/49 | €732,770 | €640,022 | -€92,748 | -12.7% |
| Equity | 10/15 | €4,727 | €5,505 | +€778 | +16.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€273 | €505 | +€778 | |
| Amounts payable | 17/49 | €728,044 | €634,517 | -€93,526 | -12.8% |
| Amounts payable after more than one year | 17 | €691,100 | €593,607 | -€97,493 | -14.1% |
| Financial debts | 170/4 | €691,100 | €593,607 | -€97,493 | -14.1% |
| Amounts payable within one year | 42/48 | €36,944 | €40,911 | +€3,967 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €30,289 | €33,053 | +€2,764 | +9.1% |
| Trade debts | 44 | €1,064 | €2,212 | +€1,148 | +108% |
| Suppliers | 440/4 | €1,064 | €2,212 | +€1,148 | +108% |
| Taxes, remuneration and social security | 45 | €1,692 | €1,746 | +€55 | +3.2% |
| Taxes | 450/3 | €1,692 | €1,746 | +€55 | +3.2% |
| Other amounts payable | 47/48 | €3,900 | €3,900 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,663 | €17,663 | = | 0.0% |
| Other operating charges | 640/8 | €2,573 | €3,707 | +€1,134 | +44.1% |
| Gross operating margin | 9900 | €30,704 | €26,773 | -€3,931 | -12.8% |
| Operating profit (loss) | 9901 | €10,468 | €5,404 | -€5,065 | -48.4% |
| Financial income | 75/76B | €2,174 | €1,077 | -€1,097 | -50.5% |
| Recurring financial income | 75 | €2,174 | €1,077 | -€1,097 | -50.5% |
| Financial charges | 65/66B | €5,718 | €5,295 | -€423 | -7.4% |
| Recurring financial charges | 65 | €5,718 | €5,295 | -€423 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €6,924 | €1,186 | -€5,739 | -82.9% |
| Income taxes | 67/77 | €0 | €407 | +€407 | |
| Profit (loss) for the period | 9904 | €6,924 | €778 | -€6,146 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,924 | €778 | -€6,146 | -88.8% |
Next steps
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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 2 November 2026 via checked.be.