BMT Properties
Annual accounts 2025
abbreviated format, filed on 29-07-2026, 2 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €948,557 on 31-12-2025in €m
in euro
Position in the sector
82.6%
Higher than 78% of 10,858 companies in 2025.
4.41
Higher than 77% of 10,480 companies in 2025.
-20.8%
Lower than 95% of 10,727 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
Staff
€55,721
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
948,557 | 1.6m | 2.3m | 2.2m | 2.4m | 2.5m | 2.3m | 2.7m | 1.1m | 1.1m | 671,962 | 632,364 | 613,141 | 526,522 | 450,360 | 332,461 | 308,739 | 246,553 | 203,351 | |
21/28 |
468,490 | 267,674 | 251,541 | 254,368 | 210,997 | 818,314 | 638,342 | 660,664 | 842,194 | 850,917 | 406,262 | 422,321 | 408,386 | 420,269 | 302,950 | 169,866 | 174,762 | 180,355 | 166,423 | |
22/27 |
182,330 | 194,514 | 193,382 | 206,021 | 210,997 | 818,314 | 638,342 | 660,664 | 683,017 | 691,739 | 247,084 | 263,144 | 249,209 | 261,092 | 143,773 | 10,689 | 15,585 | 21,177 | 7,246 | |
22 |
159,841 | 170,856 | 184,625 | 195,640 | 206,655 | 806,935 | 624,574 | 626,495 | 656,222 | 686,264 | 243,136 | 258,842 | 248,408 | 260,061 | 137,750 | - | - | - | - | |
23 |
5,200 | 7,527 | 5,162 | 2,408 | 2,548 | 9,475 | 9,737 | 14,732 | 17,572 | 1,164 | 1,126 | 1,411 | 404 | 437 | 4,783 | 8,733 | 12,778 | 17,283 | 4,503 | |
24 |
15,889 | 14,731 | 3,595 | 7,974 | 1,794 | 1,904 | 4,031 | 19,437 | 9,222 | 4,311 | 2,822 | 2,891 | 396 | 594 | 1,240 | 1,956 | 2,806 | 3,894 | 2,743 | |
26 |
1,400 | 1,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
286,159 | 73,159 | 58,159 | 48,347 | - | - | - | - | 159,177 | 159,177 | 159,177 | 159,177 | 159,177 | 159,177 | 159,177 | 159,177 | 159,177 | 159,177 | 159,177 | |
29/58 |
480,068 | 1.4m | 2.0m | 2.0m | 2.2m | 1.7m | 1.7m | 2.0m | 267,616 | 202,908 | 265,700 | 210,043 | 204,756 | 106,253 | 147,410 | 162,595 | 133,977 | 66,199 | 36,928 | |
29 |
- | - | - | 0 | 100,000 | 140,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | 0 | 100,000 | 140,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
117,000 | 9,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
117,000 | 9,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
162,877 | 440,032 | 1.2m | 1.2m | 1.1m | 1.2m | 1.3m | 1.3m | 52,336 | 64,121 | 12,281 | 57,539 | 47,586 | 36,653 | 31,445 | 33,615 | 22,359 | 4,120 | 2,682 | |
40 |
9,998 | 90,202 | 21,825 | 6,239 | 11,092 | 59,351 | 163,350 | 90,857 | - | 8,490 | 1,128 | 50,000 | 25,000 | 15,000 | 10,000 | 11,600 | - | - | - | |
41 |
152,879 | 349,830 | 1.1m | 1.2m | 1.1m | 1.2m | 1.2m | 1.2m | 52,336 | 55,631 | 11,153 | 7,539 | 22,586 | 21,653 | 21,445 | 22,015 | 22,359 | 4,120 | 2,682 | |
50/53 |
164,960 | 853,302 | 598,420 | 646,103 | 561,567 | 141,765 | 217,098 | 217,098 | 103,420 | 103,420 | 101,755 | - | 48,000 | 42,000 | 13,000 | 13,000 | 13,000 | 51,000 | 25,000 | |
54/58 |
5,476 | 24,395 | 265,926 | 155,529 | 395,950 | 149,654 | 110,905 | 541,177 | 111,861 | 35,367 | 151,664 | 152,504 | 109,169 | 27,601 | 102,966 | 115,979 | 98,618 | 11,079 | 9,246 | |
490/1 |
29,754 | 32,731 | - | - | - | 0 | 2,268 | 2,361 | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
948,557 | 1.6m | 2.3m | 2.2m | 2.4m | 2.5m | 2.3m | 2.7m | 1.1m | 1.1m | 671,962 | 632,364 | 613,141 | 526,522 | 450,360 | 332,461 | 308,739 | 246,553 | 203,351 | |
10/15 |
783,452 | 1.5m | 1.4m | 2.0m | 2.0m | 2.1m | 2.0m | 2.0m | 706,826 | 610,323 | 559,402 | 505,708 | 460,969 | 345,298 | 234,323 | 244,052 | 258,533 | 181,593 | 121,308 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 310,700 | 310,700 | 310,700 | 310,700 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 310,700 | 310,700 | 310,700 | 310,700 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
948,327 | 1.5m | 1.4m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 395,828 | 299,324 | 55,695 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
130/1 |
- | 0 | 12,056 | 12,056 | 12,056 | 12,056 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 12,056 | 12,056 | 12,056 | 7,231 | 4,685 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
- | 0 | 12,056 | 12,056 | 12,056 | 12,056 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
948,327 | 1.5m | 1.4m | 2.0m | 1.9m | 2.0m | 2.0m | 2.0m | 383,772 | 292,094 | 51,010 | - | - | - | - | - | - | - | - | |
14 |
-184,875 | 298 | 298 | 298 | 298 | 298 | 298 | 298 | 298 | 298 | 193,008 | 193,008 | 438,969 | 323,298 | 212,323 | 222,052 | 236,533 | 159,593 | 99,308 | |
17/49 |
165,106 | 147,053 | 873,054 | 241,089 | 440,817 | 427,223 | 260,975 | 696,850 | 402,984 | 443,502 | 112,559 | 126,656 | 152,172 | 181,224 | 216,037 | 88,409 | 50,206 | 64,961 | 82,044 | |
17 |
56,309 | 71,481 | 90,166 | 104,895 | 119,431 | 312,889 | 214,199 | 248,662 | 323,591 | 376,850 | 79,420 | 98,207 | 116,665 | 134,804 | 84,822 | - | - | 25,000 | 50,000 | |
170/4 |
56,033 | 71,205 | 89,891 | 104,619 | 119,155 | 312,889 | 214,199 | 248,662 | 323,591 | 376,850 | 79,420 | 98,207 | 116,665 | 134,804 | 84,822 | - | - | 25,000 | 50,000 | |
178/9 |
276 | 276 | 276 | 276 | 276 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
108,797 | 75,573 | 782,887 | 136,194 | 321,386 | 114,334 | 46,776 | 448,189 | 79,393 | 66,652 | 33,139 | 28,449 | 35,507 | 46,420 | 131,216 | 88,409 | 50,206 | 39,960 | 32,044 | |
42 |
15,172 | 14,973 | 14,729 | 14,536 | 14,346 | 48,968 | 34,463 | 34,119 | 53,259 | 52,570 | 18,788 | 18,458 | 18,139 | 29,970 | 21,024 | 13,478 | 35,545 | 29,281 | 29,232 | |
44 |
8,245 | 44,180 | 217 | 13,339 | 7,207 | 8,890 | 354 | 1,429 | 3,195 | 6,085 | 1,104 | 2,037 | 1,153 | 1,520 | 4,292 | 1,053 | 4,461 | 3,321 | 712 | |
440/4 |
8,245 | 44,180 | 217 | 13,339 | 7,207 | 8,890 | 354 | 1,429 | 3,195 | 6,085 | 1,104 | 2,037 | 1,153 | 1,520 | 4,292 | 1,053 | 4,461 | 3,321 | 712 | |
45 |
9,310 | 15,087 | 9,660 | 10,535 | 56,866 | 5,466 | 8,316 | 119,505 | 21,462 | 5,213 | 8,437 | 5,182 | 14,222 | 11,189 | 18,937 | 20,682 | 8,605 | 5,476 | - | |
450/3 |
2,697 | 8,542 | 2,579 | 3,979 | 51,350 | 0 | 2,966 | 114,269 | 16,254 | - | 3,241 | - | 9,109 | 11,189 | 18,937 | 20,682 | 8,605 | 5,476 | - | |
454/9 |
6,613 | 6,546 | 7,082 | 6,556 | 5,516 | 5,466 | 5,350 | 5,237 | 5,207 | 5,213 | 5,196 | 5,182 | 5,113 | - | - | - | - | - | - | |
47/48 |
76,070 | 1,333 | 758,281 | 97,785 | 242,968 | 51,010 | 3,643 | 293,135 | 1,477 | 2,784 | 4,810 | 2,772 | 1,994 | 3,742 | 86,963 | 53,196 | 1,595 | 1,883 | 2,099 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | 0 | 169,584 | 0 | 25,696 | - | 13,118 | - | - | - | - | - | - | - | - | - | - | |
9900 |
-158,579 | 153,261 | 294,211 | 188,919 | 309,131 | 166,733 | 158,124 | 114,936 | 256,274 | 201,840 | 142,357 | 185,466 | 243,028 | 246,062 | 211,581 | 182,305 | 129,317 | 108,372 | 105,605 | |
62 |
55,721 | 67,925 | 50,008 | 46,123 | 43,193 | 43,453 | 45,494 | 45,507 | 45,257 | 44,400 | 41,979 | 40,195 | 45,932 | 37,309 | 31,732 | 7,307 | - | - | - | |
630 |
19,459 | 19,123 | 17,417 | 16,470 | 14,459 | 43,451 | 38,167 | 51,366 | 38,074 | 33,711 | 17,728 | 17,168 | 13,929 | 29,432 | 26,253 | 5,914 | 7,118 | 7,362 | 2,943 | |
640/8 |
5,422 | 4,144 | 3,191 | 1,766 | 5,448 | 6,496 | 3,939 | 3,217 | 3,452 | 2,407 | 2,814 | 2,861 | 3,540 | 3,839 | 7,211 | 1,397 | 1,043 | 1,576 | 289 | |
66A |
- | 0 | 27 | 60 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
-239,182 | 62,069 | 223,567 | 124,501 | 246,030 | 73,333 | 70,525 | 14,846 | 169,492 | 121,322 | 79,835 | 125,241 | 179,627 | 175,481 | 146,385 | 167,687 | 121,156 | 99,433 | 102,373 | |
75/76B |
78,984 | 64,455 | 23,585 | 16,576 | 1,518 | 21,553 | 326 | 1.7m | 506 | 2,396 | 2,946 | 2,513 | 2,341 | 2,432 | 2,179 | 3,404 | 2,990 | 1,044 | 1,329 | |
75 |
78,984 | 64,455 | 23,585 | 16,576 | 1,518 | 21,553 | 326 | 1.7m | 506 | 2,396 | 2,946 | 2,513 | 2,341 | 2,432 | 2,179 | 3,404 | 2,990 | 1,044 | 1,329 | |
65/66B |
31,935 | 3,341 | 2,054 | 2,192 | 4,349 | 3,368 | 3,035 | 5,732 | 7,239 | 4,196 | 4,656 | 5,623 | 7,043 | 5,632 | 4,214 | 2,648 | 3,297 | 4,653 | 5,504 | |
65 |
31,935 | 3,341 | 2,054 | 2,192 | 4,349 | 3,368 | 3,035 | 5,732 | 7,239 | 4,196 | 4,656 | 5,623 | 7,043 | 5,632 | 4,214 | 2,648 | 3,297 | 4,653 | 5,504 | |
9903 |
-192,133 | 123,183 | 245,097 | 138,885 | 243,199 | 91,518 | 67,816 | 1.7m | 162,759 | 119,522 | 78,125 | 122,131 | 174,924 | 172,281 | 144,350 | 168,443 | 120,850 | 95,824 | 98,198 | |
67/77 |
5,097 | 47,915 | 74,062 | 40,285 | 77,040 | 28,656 | 19,198 | 164,668 | 66,255 | 68,602 | 24,430 | 45,092 | 59,253 | 61,306 | 54,078 | 62,925 | 43,909 | 35,538 | 35,445 | |
9904 |
-197,229 | 75,268 | 171,035 | 98,600 | 166,159 | 62,862 | 48,618 | 1.6m | 96,503 | 50,920 | 53,695 | 77,039 | 115,671 | 110,975 | 90,271 | 105,518 | 76,940 | 60,285 | 62,753 | |
9905 |
-197,229 | 75,268 | 171,035 | 98,600 | 166,159 | 62,862 | 48,618 | 1.6m | 96,503 | 50,920 | 53,695 | 77,039 | 115,671 | 110,975 | 90,271 | 105,518 | 76,940 | 60,285 | 62,753 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-196,931 | 75,566 | 171,334 | 98,898 | 166,457 | 63,161 | 48,916 | 1.6m | 96,802 | 243,928 | 246,702 | 516,008 | 438,969 | 323,298 | 312,323 | 342,052 | 236,533 | 159,593 | 99,380 | |
14P |
298 | 298 | 298 | 298 | 298 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
512,056 | 0 | 750,000 | 91,678 | 241,084 | 51,010 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
0 | 75,268 | 171,035 | 98,600 | 166,159 | 62,862 | 48,618 | 1.6m | 96,503 | 243,630 | 53,695 | - | - | - | - | - | - | - | 72 | |
6920 |
- | - | - | - | - | - | - | - | 4,825 | 2,546 | 2,685 | - | - | - | - | - | - | - | 72 | |
6921 |
0 | 75,268 | 171,035 | 98,600 | 166,159 | 62,862 | 48,618 | 1.6m | 91,678 | 241,084 | 51,010 | - | - | - | - | - | - | - | - | |
694/7 |
500,000 | 0 | 750,000 | 91,678 | 241,084 | 51,010 | - | - | - | - | - | 323,000 | - | - | 100,000 | 120,000 | - | - | - | |
694 |
500,000 | 0 | 750,000 | 91,678 | 241,084 | 51,010 | - | - | - | - | - | 323,000 | - | - | 100,000 | 120,000 | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
1 | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0.3 | - | - | - | |
Hours worked1013 |
- | - | - | 1,770 | 1,778 | 1,763 | 1,763 | 1,687 | 1,862 | 1,756 | 1,786 | 1,756 | 1,763 | 1,801 | 1,824 | 654 | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for financial year 2006 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00349989 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00420981 | |
| 30-09-2023 | micro format | 24-04-2024 | 2024-00070752 | |
| 30-09-2022 | abbreviated format | 15-03-2023 | 2023-00041197 | |
| 30-09-2021 | abbreviated format | 30-05-2022 | 2022-20040430 | |
| 30-09-2020 | abbreviated format | 15-03-2021 | 2021-07600015 | |
| 30-09-2019 | micro format | 14-04-2020 | 2020-09100004 | |
| 30-09-2018 | micro format | 02-04-2019 | 2019-08900267 | |
| 30-09-2017 | micro format | 30-04-2018 | 2018-11300431 | |
| 30-09-2016 | abbreviated format | 06-03-2017 | 2017-05800109 | |
| 30-09-2015 | abbreviated format | 14-04-2016 | 2016-09900578 | |
| 30-09-2014 | abbreviated format | 29-03-2015 | 2015-07800112 | |
| 30-09-2013 | abbreviated format | 14-03-2014 | 2014-06500024 | |
| 30-09-2012 | abbreviated format | 13-03-2013 | 2013-06200420 | |
| 30-09-2011 | abbreviated format | 03-05-2012 | 2012-10500108 | |
| 30-09-2010 | abbreviated format | 01-06-2011 | 2011-13900296 | |
| 30-09-2009 | abbreviated format | 28-05-2010 | 2010-13500104 | |
| 30-09-2008 | abbreviated format | 20-05-2009 | 2009-15700092 | |
| 30-09-2007 | abbreviated format | 30-04-2008 | 2008-12200306 | |
| 30-09-2006 | abbreviated format | 30-03-2007 | 2007-11002374 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -219,722 | 81,192 | 240,984 | 140,971 | 260,489 | 116,784 | 108,692 | 66,212 | 207,565 | 155,033 | 97,563 | 142,409 | 193,555 | 204,914 | 172,639 | 173,601 | 128,274 | 106,795 | 105,316 | ||
| -177,770 | 94,391 | 188,453 | 115,070 | 180,618 | 106,313 | 86,784 | 1.6m | 134,577 | 84,631 | 71,423 | 94,207 | 129,599 | 140,408 | 116,525 | 111,432 | 84,058 | 67,647 | 65,696 | ||
| 220,275 | 35,256 | 14,590 | 60,767 | 19,520 | 223,423 | 28,991 | 29,014 | 40,845 | 478,366 | 1,669 | 31,104 | 2,045 | 146,751 | 159,337 | 1,018 | 1,525 | 21,293 | 4,269 | ||
| -18,919 | -241,531 | 110,397 | -240,422 | 246,296 | 38,749 | -430,272 | 429,316 | 76,494 | -116,297 | -839 | 43,334 | 81,569 | -75,365 | -13,014 | 17,362 | 87,539 | 1,833 | - | ||
| 371,271 | 1.3m | 1.2m | 1.8m | 1.9m | 1.5m | 1.6m | 1.6m | 188,223 | 136,256 | 232,561 | 181,594 | 169,248 | 59,833 | 16,195 | 74,185 | 83,771 | 26,239 | 4,884 | ||
| 82.6% | 91.0% | 61.7% | 89.2% | 81.8% | 82.8% | 88.7% | 74.1% | 63.7% | 57.9% | 83.2% | 80.0% | 75.2% | 65.6% | 52.0% | 73.4% | 83.7% | 73.7% | 59.7% | ||
| 4.41 | 18.00 | 2.59 | 14.47 | 6.87 | 14.53 | 35.56 | 4.53 | 3.37 | 3.04 | 8.02 | 7.38 | 5.77 | 2.29 | 1.12 | 1.84 | 2.67 | 1.66 | 1.15 | ||
| 3.34 | 17.87 | 2.59 | 14.47 | 6.87 | 14.53 | 35.56 | 4.53 | 3.37 | 3.04 | 8.02 | 7.38 | 5.77 | 2.29 | 1.12 | 1.84 | 2.67 | 1.66 | 1.15 | ||
| 0.21 | 0.10 | 0.62 | 0.12 | 0.22 | 0.21 | 0.13 | 0.35 | 0.57 | 0.73 | 0.20 | 0.25 | 0.33 | 0.52 | 0.92 | 0.36 | 0.19 | 0.36 | 0.68 | ||
| -25.2% | 5.1% | 12.2% | 5.0% | 8.4% | 3.1% | 2.4% | 79.1% | 13.7% | 8.3% | 9.6% | 15.2% | 25.1% | 32.1% | 38.5% | 43.2% | 29.8% | 33.2% | 51.7% | ||
| -20.8% | 4.6% | 7.5% | 4.4% | 6.9% | 2.5% | 2.1% | 58.6% | 8.7% | 4.8% | 8.0% | 12.2% | 18.9% | 21.1% | 20.0% | 31.7% | 24.9% | 24.5% | 30.9% | ||
| -6.88 | 24.30 | over 100 | 64.30 | 59.89 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-09-2022 | 30-09-2021 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| part-time | 0 | 0 |
| in full-time equivalents | 1 | 1 |
| 1 | 1 | |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €71,481 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,275 | €20,256 | €4,778 | €12,420 | €19,520 |
| Financial fixed assets | €213,000 | €15,000 | €9,812 | €48,347 | - |
| €19,459 | €19,123 | €17,417 | €16,470 | €14,459 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BMT Properties
The operating result for 2025 is a loss of €239,182, after a profit of €62,069 in 2024. It is the lowest result since 2007.
Debt's share of the balance-sheet total rises from 9.0% to 17.4%. Equity is lower and debt is higher.
- 2021 Net result +164% on 2020. The 2021 profit included a one-off income of €169,584.