31 FRAGNEE: 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
31 FRAGNEE
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
€4,657
2024 · €4,072+€585
Equity
€361,776
2024 · €365,873-€4,096
Cash
€13,830
2024 · €7,322+€6,508
Balance sheet total
€417,795
2024 · €441,570-€23,775
Largest movements
Assets
- Tangible fixed assets -€27,966
down €27,966 (-7.3%), from €382,721 to €354,756
of which Land and buildings: -€17,308
- Cash +€6,508
up €6,508 (+88.9%), from €7,322 to €13,830
mainly Depreciation (+€27,966) and Net result for the year (+€4,657)
Equity and liabilities
- Debts after one year -€19,601
down €19,601 (-56.8%), from €34,505 to €14,904
Income statement
- Gross operating margin +€1,664
up €1,664 (+4.2%), from €39,975 to €41,639
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
€4,072
Gross operating margin
+€1,664
Depreciation
-€169
Other operating charges
-€226
Financial income
-€346
Financial charges
-€46
Taxes
-€292
Result 2025
€4,657
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
+€34,531
Investment
€0
Financing
-€28,024
Cash 2024
€7,322
From operations (derived)
+€34,531
Net result for the year
+€4,657
Depreciation
+€27,966
Deferred charges and accrued income
+€2,317
Provisions
-€1,365
Smaller working-capital items
-€32
Tax, wage and social debts
+€405
Other debts
+€585
Financing
-€28,024
Debts after one year
-€19,601
Current portion of long-term debt
+€330
Contributions, distributions and other
-€8,753
Cash 2025
€13,830
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,570 | €417,795 | -€23,775 | -5.4% |
| Fixed assets | 21/28 | €382,721 | €354,756 | -€27,966 | -7.3% |
| Tangible fixed assets | 22/27 | €382,721 | €354,756 | -€27,966 | -7.3% |
| Land and buildings | 22 | €311,579 | €294,271 | -€17,308 | -5.6% |
| Plant, machinery and equipment | 23 | €71,143 | €60,485 | -€10,658 | -15.0% |
| Current assets | 29/58 | €58,849 | €63,039 | +€4,190 | +7.1% |
| Amounts receivable within one year | 40/41 | €3,510 | €3,510 | = | 0.0% |
| Trade receivables | 40 | €3,510 | €3,510 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €45,232 | €45,232 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,322 | €13,830 | +€6,508 | +88.9% |
| Deferred charges and accrued income | 490/1 | €2,785 | €468 | -€2,317 | -83.2% |
| Total equity and liabilities | 10/49 | €441,570 | €417,795 | -€23,775 | -5.4% |
| Equity | 10/15 | €365,873 | €361,776 | -€4,096 | -1.1% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Reserves | 13 | €23,561 | €19,465 | -€4,096 | -17.4% |
| Tax-exempt reserves | 132 | €23,561 | €19,465 | -€4,096 | -17.4% |
| Profit (loss) carried forward | 14 | €7,311 | €7,311 | = | 0.0% |
| Provisions and deferred taxes | 16 | €7,854 | €6,488 | -€1,365 | -17.4% |
| Deferred taxes | 168 | €7,854 | €6,488 | -€1,365 | -17.4% |
| Amounts payable | 17/49 | €67,844 | €49,531 | -€18,313 | -27.0% |
| Amounts payable after more than one year | 17 | €34,505 | €14,904 | -€19,601 | -56.8% |
| Financial debts | 170/4 | €34,505 | €14,904 | -€19,601 | -56.8% |
| Amounts payable within one year | 42/48 | €33,266 | €34,579 | +€1,313 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €20,890 | €21,221 | +€330 | +1.6% |
| Trade debts | 44 | €3,844 | €3,837 | -€7 | -0.2% |
| Suppliers | 440/4 | €3,844 | €3,837 | -€7 | -0.2% |
| Taxes, remuneration and social security | 45 | €364 | €769 | +€405 | +111% |
| Taxes | 450/3 | €364 | €769 | +€405 | +111% |
| Other amounts payable | 47/48 | €8,168 | €8,753 | +€585 | +7.2% |
| Accrued charges and deferred income | 492/3 | €72 | €47 | -€25 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,797 | €27,966 | +€169 | +0.6% |
| Other operating charges | 640/8 | €7,181 | €7,406 | +€226 | +3.1% |
| Gross operating margin | 9900 | €39,975 | €41,639 | +€1,664 | +4.2% |
| Operating profit (loss) | 9901 | €4,998 | €6,267 | +€1,269 | +25.4% |
| Financial income | 75/76B | €1,331 | €985 | -€346 | -26.0% |
| Recurring financial income | 75 | €1,331 | €985 | -€346 | -26.0% |
| Financial charges | 65/66B | €997 | €1,043 | +€46 | +4.7% |
| Recurring financial charges | 65 | €997 | €1,043 | +€46 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €5,332 | €6,209 | +€876 | +16.4% |
| Transfer from deferred taxes | 780 | €1,365 | €1,365 | +€0 | 0.0% |
| Income taxes | 67/77 | €2,626 | €2,918 | +€292 | +11.1% |
| Profit (loss) for the period | 9904 | €4,072 | €4,657 | +€585 | +14.4% |
| Transfer from tax-exempt reserves | 789 | €4,096 | €4,096 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,168 | €8,753 | +€585 | +7.2% |
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 30 October 2026 via checked.be.