LL REAL ESTATE: 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.
LL REAL ESTATE
Largest movements
- Cash +€29,259
up €29,259 (+33.3%), from €87,913 to €117,172
mainly Net result for the year (+€20,447) and Deferred charges and accrued income (+€14,385)
- Deferred charges and accrued income -€14,385
down €14,385 (-86.6%), from €16,616 to €2,231
- Receivables within one year +€2,364
new in 2025: €2,364
of which Other amounts receivable: +€1,759
- Reserves +€20,447
up €20,447 (+22.1%), from €92,599 to €113,046
- Trade debts -€3,792
down €3,792 (-54.3%), from €6,978 to €3,186
- Gross operating margin -€19,777
down €19,777 (-39.5%), from €50,016 to €30,239
- Taxes -€1,719
down €1,719 (-17.3%), from €9,960 to €8,241
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,599 | €122,344 | +€16,745 | +15.9% |
| Fixed assets | 21/28 | €1,071 | €577 | -€493 | -46.1% |
| Tangible fixed assets | 22/27 | €1,071 | €577 | -€493 | -46.1% |
| Furniture and vehicles | 24 | €1,071 | €577 | -€493 | -46.1% |
| Current assets | 29/58 | €104,529 | €121,767 | +€17,238 | +16.5% |
| Amounts receivable within one year | 40/41 | - | €2,364 | +€2,364 | |
| Trade receivables | 40 | - | €605 | +€605 | |
| Other amounts receivable | 41 | - | €1,759 | +€1,759 | |
| Cash at bank and in hand | 54/58 | €87,913 | €117,172 | +€29,259 | +33.3% |
| Deferred charges and accrued income | 490/1 | €16,616 | €2,231 | -€14,385 | -86.6% |
| Total equity and liabilities | 10/49 | €105,599 | €122,344 | +€16,745 | +15.9% |
| Equity | 10/15 | €97,599 | €118,046 | +€20,447 | +20.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,599 | €113,046 | +€20,447 | +22.1% |
| Distributable reserves | 133 | €92,599 | €113,046 | +€20,447 | +22.1% |
| Amounts payable | 17/49 | €8,000 | €4,298 | -€3,702 | -46.3% |
| Amounts payable within one year | 42/48 | €8,000 | €4,298 | -€3,702 | -46.3% |
| Trade debts | 44 | €6,978 | €3,186 | -€3,792 | -54.3% |
| Suppliers | 440/4 | €6,978 | €3,186 | -€3,792 | -54.3% |
| Advances received on contracts in progress | 46 | - | €1,048 | +€1,048 | |
| Taxes, remuneration and social security | 45 | €960 | - | -€960 | |
| Taxes | 450/3 | €960 | - | -€960 | |
| Other amounts payable | 47/48 | €62 | €64 | +€2 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €956 | €493 | -€463 | -48.4% |
| Other operating charges | 640/8 | €272 | €343 | +€71 | +26.0% |
| Gross operating margin | 9900 | €50,016 | €30,239 | -€19,777 | -39.5% |
| Operating profit (loss) | 9901 | €48,787 | €29,402 | -€19,385 | -39.7% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €935 | €714 | -€220 | -23.6% |
| Recurring financial charges | 65 | €935 | €714 | -€220 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €47,856 | €28,688 | -€19,169 | -40.1% |
| Income taxes | 67/77 | €9,960 | €8,241 | -€1,719 | -17.3% |
| Profit (loss) for the period | 9904 | €37,896 | €20,447 | -€17,449 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,896 | €20,447 | -€17,449 | -46.0% |
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 28 October 2026 via checked.be.