115 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.
115 ESTATE
Largest movements
- Tangible fixed assets -€305,658
down €305,658 (-3.9%), from €7.9m to €7.6m
of which Land and buildings: -€304,928
- Receivables within one year +€273,123
up €273,123 (+277%), from €98,503 to €371,625
of which Other amounts receivable: +€359,385
- Cash -€135,380
down €135,380 (-17.6%), from €770,034 to €634,654
mainly Current portion of long-term debt (-€347,214) and Receivables within one year (-€273,123)
- Profit (loss) carried forward +€383,593
up €383,593 (+8.5%), from €4.5m to €4.9m
- Current portion of long-term debt -€347,214
down €347,214 (-50.0%), from €694,444 to €347,230
- Debts after one year -€254,922
down €254,922 (-8.0%), from €3.2m to €2.9m
of which Financial debts: -€347,230
- Tax, wage and social debts +€112,552
up €112,552 (+249%), from €45,203 to €157,755
- Other operating income +€53,052
up €53,052 (+83.0%), from €63,908 to €116,960
- Services and other goods +€40,348
up €40,348 (+12.5%), from €321,603 to €361,951
- Turnover -€32,799
down €32,799 (-2.4%), from €1.4m to €1.3m
- Financial charges -€26,822
down €26,822 (-14.0%), from €191,223 to €164,400
- Taxes +€18,433
up €18,433 (+13.6%), from €135,279 to €153,712
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 | €8,949,716 | €8,823,114 | -€126,602 | -1.4% |
| Fixed assets | 21/28 | €7,979,705 | €7,674,047 | -€305,658 | -3.8% |
| Tangible fixed assets | 22/27 | €7,938,908 | €7,633,249 | -€305,658 | -3.9% |
| Land and buildings | 22 | €7,937,157 | €7,632,229 | -€304,928 | -3.8% |
| Plant, machinery and equipment | 23 | €1,751 | €1,021 | -€731 | -41.7% |
| Financial fixed assets | 28 | €40,797 | €40,797 | = | 0.0% |
| Other financial fixed assets | 284/8 | €40,797 | €40,797 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €40,797 | €40,797 | = | 0.0% |
| Current assets | 29/58 | €970,011 | €1,149,067 | +€179,056 | +18.5% |
| Amounts receivable within one year | 40/41 | €98,503 | €371,625 | +€273,123 | +277% |
| Trade receivables | 40 | €98,503 | €12,241 | -€86,262 | -87.6% |
| Other amounts receivable | 41 | - | €359,385 | +€359,385 | |
| Cash at bank and in hand | 54/58 | €770,034 | €634,654 | -€135,380 | -17.6% |
| Deferred charges and accrued income | 490/1 | €101,474 | €142,788 | +€41,314 | +40.7% |
| Total equity and liabilities | 10/49 | €8,949,716 | €8,823,114 | -€126,602 | -1.4% |
| Equity | 10/15 | €4,625,647 | €5,009,240 | +€383,593 | +8.3% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,489,247 | €4,872,840 | +€383,593 | +8.5% |
| Amounts payable | 17/49 | €4,324,069 | €3,813,874 | -€510,195 | -11.8% |
| Amounts payable after more than one year | 17 | €3,197,379 | €2,942,457 | -€254,922 | -8.0% |
| Financial debts | 170/4 | €347,230 | - | -€347,230 | |
| Credit institutions | 173 | €347,230 | - | -€347,230 | |
| Other amounts payable | 178/9 | €2,850,149 | €2,942,457 | +€92,308 | +3.2% |
| Amounts payable within one year | 42/48 | €877,134 | €687,696 | -€189,438 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €694,444 | €347,230 | -€347,214 | -50.0% |
| Trade debts | 44 | €137,417 | €147,189 | +€9,772 | +7.1% |
| Suppliers | 440/4 | €137,417 | €147,189 | +€9,772 | +7.1% |
| Advances received on contracts in progress | 46 | - | €35,452 | +€35,452 | |
| Taxes, remuneration and social security | 45 | €45,203 | €157,755 | +€112,552 | +249% |
| Taxes | 450/3 | €45,203 | €157,755 | +€112,552 | +249% |
| Other amounts payable | 47/48 | €70 | €70 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €249,556 | €183,721 | -€65,835 | -26.4% |
| Operating income | 70/76A | €1,432,382 | €1,452,636 | +€20,253 | +1.4% |
| Turnover | 70 | €1,368,475 | €1,335,676 | -€32,799 | -2.4% |
| Other operating income | 74 | €63,908 | €116,960 | +€53,052 | +83.0% |
| Operating charges | 60/66A | €738,756 | €756,485 | +€17,728 | +2.4% |
| Services and other goods | 61 | €321,603 | €361,951 | +€40,348 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304,521 | €305,009 | +€487 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,638 | -€11,826 | -€17,463 | |
| Other operating charges | 640/8 | €105,560 | €101,350 | -€4,210 | -4.0% |
| Non-recurring operating charges | 66A | €1,435 | - | -€1,435 | |
| Operating profit (loss) | 9901 | €693,626 | €696,151 | +€2,525 | +0.4% |
| Financial income | 75/76B | €4,212 | €5,554 | +€1,341 | +31.8% |
| Recurring financial income | 75 | €4,212 | €5,554 | +€1,341 | +31.8% |
| Other financial income | 752/9 | €4,212 | €5,554 | +€1,341 | +31.8% |
| Financial charges | 65/66B | €191,223 | €164,400 | -€26,822 | -14.0% |
| Recurring financial charges | 65 | €191,223 | €164,400 | -€26,822 | -14.0% |
| Debt charges | 650 | €187,736 | €161,782 | -€25,953 | -13.8% |
| Other financial charges | 652/9 | €3,487 | €2,618 | -€869 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €506,616 | €537,305 | +€30,688 | +6.1% |
| Income taxes | 67/77 | €135,279 | €153,712 | +€18,433 | +13.6% |
| Taxes | 670/3 | €135,279 | €153,712 | +€18,433 | +13.6% |
| Profit (loss) for the period | 9904 | €371,337 | €383,593 | +€12,256 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €371,337 | €383,593 | +€12,256 | +3.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.