Ta Lieu: 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
Ta Lieu
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,332
2024 · €107,796-€92,464
Equity
€1.4m
2024 · €1.4m+€15,332
Cash
€14,849
2024 · €32,830-€17,981
Balance sheet total
€2.0m
2024 · €2.0m-€29,030
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€52,990
down €52,990 (-9.2%), from €574,088 to €521,098
Income statement
- Financial income -€111,377
down €111,377 (-84.5%), from €131,847 to €20,471
- Taxes -€9,322
down €9,322 (-84.4%), from €11,040 to €1,718
- Depreciation -€7,714
down €7,714 (-25.5%), from €30,207 to €22,493
- Gross operating margin +€3,887
up €3,887 (+13.0%), from €29,945 to €33,831
- Financial charges +€1,288
up €1,288 (+14.9%), from €8,658 to €9,946
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
€107,796
Gross operating margin
+€3,887
Depreciation
+€7,714
Other operating charges
-€722
Financial income
-€111,377
Financial charges
-€1,288
Taxes
+€9,322
Result 2025
€15,332
raises the resultlowers the result
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
+€48,658
Investment
-€12,997
Financing
-€53,642
Cash 2024
€32,830
From operations (derived)
+€48,658
Net result for the year
+€15,332
Depreciation
+€22,493
Receivables within one year
+€2,391
Deferred charges and accrued income
-€838
Trade debts
+€3,812
Tax, wage and social debts
-€8,079
Other debts
+€13,041
Accrued charges and deferred income
+€506
Investment (derived)
-€12,997
Investment in fixed assets (net)
-€12,997
Financing
-€53,642
Debts after one year
-€52,990
Current portion of long-term debt
-€653
Cash 2025
€14,849
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,025,375 | €1,996,345 | -€29,030 | -1.4% |
| Fixed assets | 21/28 | €1,970,523 | €1,961,026 | -€9,496 | -0.5% |
| Tangible fixed assets | 22/27 | €546,155 | €536,659 | -€9,496 | -1.7% |
| Land and buildings | 22 | €545,763 | €535,200 | -€10,563 | -1.9% |
| Furniture and vehicles | 24 | €392 | €1,459 | +€1,067 | +272% |
| Financial fixed assets | 28 | €1,424,368 | €1,424,368 | = | 0.0% |
| Current assets | 29/58 | €54,852 | €35,318 | -€19,534 | -35.6% |
| Amounts receivable within one year | 40/41 | €22,022 | €19,632 | -€2,391 | -10.9% |
| Trade receivables | 40 | €13,725 | €19,632 | +€5,907 | +43.0% |
| Other amounts receivable | 41 | €8,298 | €0 | -€8,298 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €32,830 | €14,849 | -€17,981 | -54.8% |
| Deferred charges and accrued income | 490/1 | €0 | €838 | +€838 | |
| Total equity and liabilities | 10/49 | €2,025,375 | €1,996,345 | -€29,030 | -1.4% |
| Equity | 10/15 | €1,376,492 | €1,391,824 | +€15,332 | +1.1% |
| Contributions | 10/11 | €752,726 | €752,726 | = | 0.0% |
| Reserves | 13 | €623,766 | €639,098 | +€15,332 | +2.5% |
| Distributable reserves | 133 | €623,766 | €639,098 | +€15,332 | +2.5% |
| Amounts payable | 17/49 | €648,883 | €604,521 | -€44,362 | -6.8% |
| Amounts payable after more than one year | 17 | €574,088 | €521,098 | -€52,990 | -9.2% |
| Financial debts | 170/4 | €574,088 | €521,098 | -€52,990 | -9.2% |
| Amounts payable within one year | 42/48 | €74,795 | €82,916 | +€8,121 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €54,438 | €53,785 | -€653 | -1.2% |
| Trade debts | 44 | €10,455 | €14,268 | +€3,812 | +36.5% |
| Suppliers | 440/4 | €10,455 | €14,268 | +€3,812 | +36.5% |
| Taxes, remuneration and social security | 45 | €9,765 | €1,685 | -€8,079 | -82.7% |
| Taxes | 450/3 | €9,765 | €1,685 | -€8,079 | -82.7% |
| Other amounts payable | 47/48 | €137 | €13,178 | +€13,041 | +9,518% |
| Accrued charges and deferred income | 492/3 | - | €506 | +€506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,207 | €22,493 | -€7,714 | -25.5% |
| Other operating charges | 640/8 | €4,091 | €4,813 | +€722 | +17.7% |
| Gross operating margin | 9900 | €29,945 | €33,831 | +€3,887 | +13.0% |
| Operating profit (loss) | 9901 | -€4,354 | €6,525 | +€10,879 | |
| Financial income | 75/76B | €131,847 | €20,471 | -€111,377 | -84.5% |
| Recurring financial income | 75 | €131,847 | €20,471 | -€111,377 | -84.5% |
| Financial charges | 65/66B | €8,658 | €9,946 | +€1,288 | +14.9% |
| Recurring financial charges | 65 | €8,658 | €9,946 | +€1,288 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €118,835 | €17,050 | -€101,786 | -85.7% |
| Income taxes | 67/77 | €11,040 | €1,718 | -€9,322 | -84.4% |
| Profit (loss) for the period | 9904 | €107,796 | €15,332 | -€92,464 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €107,796 | €15,332 | -€92,464 | -85.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.