12 INVEST: what changed
What changed
12 INVEST
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€815
2024 · €806+€9
Equity
€16,127
2024 · €15,312+€815
Cash
€16,709
2024 · €17,510-€801
Balance sheet total
€129,270
2024 · €135,760-€6,490
Largest movements
Assets
- Tangible fixed assets -€5,162
down €5,162 (-4.4%), from €116,321 to €111,159
Equity and liabilities
- Debts after one year -€8,105
down €8,105 (-7.3%), from €111,710 to €103,605
Income statement
- Financial income -€200
down €200 (-77.5%), from €258 to €58
- Gross operating margin +€121
up €121 (+1.4%), from €8,433 to €8,554
- Financial charges -€110
down €110 (-6.3%), from €1,731 to €1,622
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
€806
Gross operating margin
+€121
Other operating charges
-€22
Financial income
-€200
Financial charges
+€110
Result 2025
€815
raises the resultlowers the result
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
+€7,199
Investment
€0
Financing
-€8,000
Cash 2024
€17,510
From operations (derived)
+€7,199
Net result for the year
+€815
Depreciation
+€5,162
Receivables within one year
+€546
Deferred charges and accrued income
-€20
Trade debts
-€495
Accrued charges and deferred income
+€1,190
Financing
-€8,000
Debts after one year
-€8,105
Current portion of long-term debt
+€105
Cash 2025
€16,709
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,760 | €129,270 | -€6,490 | -4.8% |
| Fixed assets | 21/28 | €116,321 | €111,159 | -€5,162 | -4.4% |
| Tangible fixed assets | 22/27 | €116,321 | €111,159 | -€5,162 | -4.4% |
| Land and buildings | 22 | €116,321 | €111,159 | -€5,162 | -4.4% |
| Current assets | 29/58 | €19,438 | €18,111 | -€1,328 | -6.8% |
| Amounts receivable within one year | 40/41 | €1,648 | €1,101 | -€546 | -33.2% |
| Other amounts receivable | 41 | €1,648 | €1,101 | -€546 | -33.2% |
| Cash at bank and in hand | 54/58 | €17,510 | €16,709 | -€801 | -4.6% |
| Deferred charges and accrued income | 490/1 | €280 | €300 | +€20 | +7.0% |
| Total equity and liabilities | 10/49 | €135,760 | €129,270 | -€6,490 | -4.8% |
| Equity | 10/15 | €15,312 | €16,127 | +€815 | +5.3% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €930 | €930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,082 | €5,897 | +€815 | +16.0% |
| Amounts payable | 17/49 | €120,448 | €113,143 | -€7,305 | -6.1% |
| Amounts payable after more than one year | 17 | €111,710 | €103,605 | -€8,105 | -7.3% |
| Financial debts | 170/4 | €111,710 | €103,605 | -€8,105 | -7.3% |
| Amounts payable within one year | 42/48 | €8,738 | €8,348 | -€390 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,105 | +€105 | +1.3% |
| Trade debts | 44 | €738 | €243 | -€495 | -67.1% |
| Suppliers | 440/4 | €738 | €243 | -€495 | -67.1% |
| Accrued charges and deferred income | 492/3 | - | €1,190 | +€1,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,162 | €5,162 | = | 0.0% |
| Other operating charges | 640/8 | €992 | €1,014 | +€22 | +2.2% |
| Gross operating margin | 9900 | €8,433 | €8,554 | +€121 | +1.4% |
| Operating profit (loss) | 9901 | €2,279 | €2,378 | +€99 | +4.4% |
| Financial income | 75/76B | €258 | €58 | -€200 | -77.5% |
| Recurring financial income | 75 | €258 | €58 | -€200 | -77.5% |
| Financial charges | 65/66B | €1,731 | €1,622 | -€110 | -6.3% |
| Recurring financial charges | 65 | €1,731 | €1,622 | -€110 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €806 | €815 | +€9 | +1.1% |
| Profit (loss) for the period | 9904 | €806 | €815 | +€9 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €806 | €815 | +€9 | +1.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.