TE LANDE: 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
TE LANDE
NACE 68.310, Real estate agency activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€140,205
2024 · €24,034-€164,239
Equity
€1.1m
2024 · €1.2m-€174,293
Cash
€78,854
2024 · €96,089-€17,235
Balance sheet total
€4.2m
2024 · €4.4m-€144,350
Largest movements
Assets
- Current investments -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Tangible fixed assets +€144,818
up €144,818 (+11.5%), from €1.3m to €1.4m
of which Land and buildings: +€152,093
- Receivables after one year +€100,000
new in 2025: €100,000
Equity and liabilities
- Profit (loss) carried forward -€173,363
down €173,363 (-24.9%), from €694,969 to €521,606
- Other debts -€51,980
down €51,980 (-5.9%), from €880,424 to €828,444
Income statement
- Gross operating margin -€127,658
down €127,658 (-56.1%), from €227,697 to €100,038
- Depreciation +€42,501
up €42,501 (+58.9%), from €72,214 to €114,716
- Financial charges -€25,969
down €25,969 (-19.0%), from €136,454 to €110,485
- Financial income -€5,194
down €5,194 (-36.9%), from €14,095 to €8,901
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
€24,034
Gross operating margin
-€127,658
Depreciation
-€42,501
Other operating charges
-€546
Other operating items
-€15,528
Financial income
-€5,194
Financial charges
+€25,969
Taxes
+€1,220
Result 2025
-€140,205
Cash bridge derived
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
-€123,613
Investment
+€140,467
Financing
-€34,089
Cash 2024
€96,089
From operations (derived)
-€123,613
Net result for the year
-€140,205
Depreciation
+€114,716
Receivables after one year
-€100,000
Receivables within one year
-€33,159
Deferred charges and accrued income
+€5,092
Provisions
-€310
Trade debts
+€17,526
Tax, wage and social debts
+€33,588
Other debts
-€51,980
Accrued charges and deferred income
+€31,118
Investment (derived)
+€140,467
Investment in fixed assets (net)
-€259,533
Current investments
+€400,000
Financing
-€34,089
Contributions, distributions and other
-€34,089
Cash 2025
€78,854
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,368,067 | €4,223,717 | -€144,350 | -3.3% |
| Fixed assets | 21/28 | €3,785,925 | €3,930,743 | +€144,818 | +3.8% |
| Tangible fixed assets | 22/27 | €1,259,585 | €1,404,403 | +€144,818 | +11.5% |
| Land and buildings | 22 | €1,120,815 | €1,272,908 | +€152,093 | +13.6% |
| Furniture and vehicles | 24 | €138,770 | €131,494 | -€7,276 | -5.2% |
| Financial fixed assets | 28 | €2,526,340 | €2,526,340 | = | 0.0% |
| Current assets | 29/58 | €582,142 | €292,975 | -€289,168 | -49.7% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €75,941 | €109,100 | +€33,159 | +43.7% |
| Trade receivables | 40 | €73,470 | €48,829 | -€24,641 | -33.5% |
| Other amounts receivable | 41 | €2,471 | €60,271 | +€57,800 | +2339.3% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €96,089 | €78,854 | -€17,235 | -17.9% |
| Deferred charges and accrued income | 490/1 | €10,113 | €5,021 | -€5,092 | -50.3% |
| Total equity and liabilities | 10/49 | €4,368,067 | €4,223,717 | -€144,350 | -3.3% |
| Equity | 10/15 | €1,239,058 | €1,064,764 | -€174,293 | -14.1% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €172,249 | €171,318 | -€931 | -0.5% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,579 | €57,648 | -€931 | -1.6% |
| Distributable reserves | 133 | €76,486 | €76,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | €694,969 | €521,606 | -€173,363 | -24.9% |
| Provisions and deferred taxes | 16 | €13,276 | €12,966 | -€310 | -2.3% |
| Deferred taxes | 168 | €13,276 | €12,966 | -€310 | -2.3% |
| Amounts payable | 17/49 | €3,115,734 | €3,145,987 | +€30,254 | +1.0% |
| Amounts payable after more than one year | 17 | €1,140,000 | €1,140,000 | = | 0.0% |
| Financial debts | 170/4 | €1,140,000 | €1,140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,523,266 | €1,522,401 | -€865 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €600,000 | €600,000 | = | 0.0% |
| Credit institutions | 430/8 | €600,000 | €600,000 | = | 0.0% |
| Trade debts | 44 | €12,742 | €30,269 | +€17,526 | +137.5% |
| Suppliers | 440/4 | €12,742 | €30,269 | +€17,526 | +137.5% |
| Taxes, remuneration and social security | 45 | €30,099 | €63,688 | +€33,588 | +111.6% |
| Taxes | 450/3 | €30,099 | €63,688 | +€33,588 | +111.6% |
| Other amounts payable | 47/48 | €880,424 | €828,444 | -€51,980 | -5.9% |
| Accrued charges and deferred income | 492/3 | €452,468 | €483,586 | +€31,118 | +6.9% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,214 | €114,716 | +€42,501 | +58.9% |
| Other operating charges | 640/8 | €7,434 | €7,980 | +€546 | +7.3% |
| Non-recurring operating charges | 66A | - | €15,528 | +€15,528 | |
| Gross operating margin | 9900 | €227,697 | €100,038 | -€127,658 | -56.1% |
| Operating profit (loss) | 9901 | €148,049 | -€38,185 | -€186,233 | |
| Financial income | 75/76B | €14,095 | €8,901 | -€5,194 | -36.9% |
| Recurring financial income | 75 | €14,095 | €8,901 | -€5,194 | -36.9% |
| Financial charges | 65/66B | €136,454 | €110,485 | -€25,969 | -19.0% |
| Recurring financial charges | 65 | €136,454 | €110,485 | -€25,969 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €25,689 | -€139,770 | -€165,459 | |
| Transfer from deferred taxes | 780 | €310 | €310 | = | 0.0% |
| Income taxes | 67/77 | €1,965 | €745 | -€1,220 | -62.1% |
| Profit (loss) for the period | 9904 | €24,034 | -€140,205 | -€164,239 | |
| Transfer from tax-exempt reserves | 789 | €931 | €931 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,965 | -€139,274 | -€164,239 |
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 10 October 2026 via checked.be.