QUEEN'S LANE PROPERTIES: what changed
What changed
QUEEN'S LANE PROPERTIES
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
-€1.6m
2024 · -€2.1m+€490,318
Equity
€4.5m
2024 · €6.1m-€1.6m
Cash
€40,636
2024 · €26,028+€14,608
Balance sheet total
€23.2m
2024 · €27.5m-€4.3m
Largest movements
Assets
- Financial fixed assets -€2.4m
down €2.4m (-38.9%), from €6.3m to €3.8m
- Tangible fixed assets -€1.9m
down €1.9m (-9.8%), from €19.2m to €17.3m
of which Land and buildings: -€1.8m
Equity and liabilities
- Profit (loss) carried forward -€5.4m
down €5.4m, from €4.8m to -€572,117
- Reserves +€3.8m
up €3.8m (+310%), from €1.2m to €5.0m
of which Tax-exempt reserves: +€3.8m
- Short-term financial debts -€3.6m
down €3.6m (-89.9%), from €4.0m to €405,099
- Current portion of long-term debt +€1.8m
up €1.8m (+33.0%), from €5.5m to €7.3m
- Debts after one year -€1.5m
down €1.5m (-17.8%), from €8.5m to €7.0m
of which Financial debts: -€1.5m
Income statement
- Gross operating margin +€3.3m
up €3.3m (+165%), from €2.0m to €5.2m
- Financial income -€2.9m
down €2.9m (-82.6%), from €3.6m to €617,819
of which Financial income: -€3.4m
- Other operating charges -€1.0m
down €1.0m (-18.4%), from €5.7m to €4.7m
- Taxes +€389,354
up €389,354 (+159,303%), from €244 to €389,598
- Financial charges +€158,183
up €158,183 (+23.4%), from €676,249 to €834,432
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
-€2.1m
Gross operating margin
+€3.3m
Staff costs
+€35,148
Depreciation
-€116,350
Other operating charges
+€1.0m
Financial income
-€2.9m
Financial charges
-€158,183
Taxes
-€389,354
Deferred taxes and other
-€241,977
Result 2025
-€1.6m
raises the resultlowers the resultnot broken down further in the accounts
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
-€105,150
Investment
+€3.4m
Financing
-€3.3m
Cash 2024
€26,028
From operations (derived)
-€105,150
Net result for the year
-€1.6m
Depreciation
+€877,768
Stocks and contracts
-€215,157
Receivables within one year
+€225,817
Deferred charges and accrued income
+€10,841
Provisions
+€565,713
Trade debts
-€251,951
Tax, wage and social debts
+€303,111
Advances received
-€280,000
Other debts
+€300,939
Accrued charges and deferred income
-€34,948
Investment (derived)
+€3.4m
Investment in fixed assets (net)
+€3.4m
Financing
-€3.3m
Debts after one year
-€1.5m
Current portion of long-term debt
+€1.8m
Short-term financial debts
-€3.6m
Cash 2025
€40,636
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,513,552 | €23,185,760 | -€4.3m | -15.7% |
| Fixed assets | 21/28 | €25,470,239 | €21,149,340 | -€4.3m | -17.0% |
| Tangible fixed assets | 22/27 | €19,189,424 | €17,314,513 | -€1.9m | -9.8% |
| Land and buildings | 22 | €18,025,440 | €16,197,402 | -€1.8m | -10.1% |
| Furniture and vehicles | 24 | €82,556 | €180,219 | +€97,663 | +118% |
| Leasing and similar rights | 25 | €37,151 | €24,280 | -€12,871 | -34.6% |
| Other tangible fixed assets | 26 | €1,044,278 | €912,612 | -€131,665 | -12.6% |
| Financial fixed assets | 28 | €6,280,815 | €3,834,826 | -€2.4m | -38.9% |
| Current assets | 29/58 | €2,043,313 | €2,036,420 | -€6,893 | -0.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €349,148 | €564,305 | +€215,157 | +61.6% |
| Stocks | 30/36 | €349,148 | €564,305 | +€215,157 | +61.6% |
| Amounts receivable within one year | 40/41 | €1,583,038 | €1,357,222 | -€225,817 | -14.3% |
| Trade receivables | 40 | €166,135 | €422,464 | +€256,329 | +154% |
| Other amounts receivable | 41 | €1,416,903 | €934,758 | -€482,146 | -34.0% |
| Cash at bank and in hand | 54/58 | €26,028 | €40,636 | +€14,608 | +56.1% |
| Deferred charges and accrued income | 490/1 | €85,099 | €74,258 | -€10,841 | -12.7% |
| Total equity and liabilities | 10/49 | €27,513,552 | €23,185,760 | -€4.3m | -15.7% |
| Equity | 10/15 | €6,094,310 | €4,487,026 | -€1.6m | -26.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,217,257 | €4,996,643 | +€3.8m | +310% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,211,007 | €4,990,393 | +€3.8m | +312% |
| Profit (loss) carried forward | 14 | €4,814,552 | -€572,117 | -€5.4m | |
| Provisions and deferred taxes | 16 | €1,764,577 | €2,330,290 | +€565,713 | +32.1% |
| Deferred taxes | 168 | €1,764,577 | €2,330,290 | +€565,713 | +32.1% |
| Amounts payable | 17/49 | €19,654,665 | €16,368,444 | -€3.3m | -16.7% |
| Amounts payable after more than one year | 17 | €8,488,126 | €6,979,711 | -€1.5m | -17.8% |
| Financial debts | 170/4 | €8,479,011 | €6,940,808 | -€1.5m | -18.1% |
| Other amounts payable | 178/9 | €9,115 | €38,903 | +€29,788 | +327% |
| Amounts payable within one year | 42/48 | €10,999,243 | €9,256,384 | -€1.7m | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €5,473,163 | €7,276,978 | +€1.8m | +33.0% |
| Financial debts | 43 | €4,023,872 | €405,099 | -€3.6m | -89.9% |
| Credit institutions | 430/8 | €4,023,872 | €405,099 | -€3.6m | -89.9% |
| Trade debts | 44 | €715,105 | €463,154 | -€251,951 | -35.2% |
| Suppliers | 440/4 | €715,105 | €463,154 | -€251,951 | -35.2% |
| Advances received on contracts in progress | 46 | €280,000 | €0 | -€280,000 | -100% |
| Taxes, remuneration and social security | 45 | €107,547 | €410,658 | +€303,111 | +282% |
| Taxes | 450/3 | €43,191 | €397,559 | +€354,368 | +820% |
| Remuneration and social security | 454/9 | €64,357 | €13,099 | -€51,257 | -79.6% |
| Other amounts payable | 47/48 | €399,555 | €700,494 | +€300,939 | +75.3% |
| Accrued charges and deferred income | 492/3 | €167,297 | €132,349 | -€34,948 | -20.9% |
| Non-recurring operating income | 76A | €38,880 | €0 | -€38,880 | -100% |
| Remuneration, social security and pensions | 62 | €153,810 | €118,662 | -€35,148 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €761,418 | €877,768 | +€116,350 | +15.3% |
| Other operating charges | 640/8 | €5,708,031 | €4,658,038 | -€1.0m | -18.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,969,016 | €5,219,108 | +€3.3m | +165% |
| Operating profit (loss) | 9901 | -€4,654,242 | -€435,360 | +€4.2m | +90.6% |
| Financial income | 75/76B | €3,556,870 | €617,819 | -€2.9m | -82.6% |
| Recurring financial income | 75 | €3,556,870 | €113,969 | -€3.4m | -96.8% |
| Non-recurring financial income | 76B | €0 | €503,850 | +€503,850 | |
| Financial charges | 65/66B | €676,249 | €834,432 | +€158,183 | +23.4% |
| Recurring financial charges | 65 | €676,249 | €834,432 | +€158,183 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,773,621 | -€651,973 | +€1.1m | +63.2% |
| Transfer from deferred taxes | 780 | €79,933 | €694,082 | +€614,149 | +768% |
| Transfer to deferred taxes | 680 | €403,669 | €1,259,795 | +€856,126 | +212% |
| Income taxes | 67/77 | €244 | €389,598 | +€389,354 | +159,303% |
| Profit (loss) for the period | 9904 | -€2,097,602 | -€1,607,284 | +€490,318 | +23.4% |
| Transfer to tax-exempt reserves | 689 | €1,211,007 | €3,779,385 | +€2.6m | +212% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,308,609 | -€5,386,669 | -€2.1m | -62.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.