A.I.T.C.: 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
A.I.T.C.
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
€43,915
2024 · -€14,745+€58,661
Equity
€1.4m
2024 · €1.4m+€43,915
Cash
€135,711
2024 · €113,534+€22,177
Balance sheet total
€2.7m
2024 · €2.6m+€53,182
Largest movements
Assets
- Receivables within one year +€54,657
up €54,657 (+32.3%), from €169,391 to €224,048
of which Other amounts receivable: +€50,713
- Tangible fixed assets -€31,317
down €31,317 (-1.3%), from €2.3m to €2.3m
of which Land and buildings: -€29,019
Equity and liabilities
- Profit (loss) carried forward +€43,915
up €43,915 (+4.5%), from €980,965 to €1.0m
Income statement
- Staff costs -€38,592
down €38,592 (-47.6%), from €81,157 to €42,565
- Gross operating margin +€19,638
up €19,638 (+15.2%), from €129,125 to €148,762
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
-€14,745
Gross operating margin
+€19,638
Staff costs
+€38,592
Depreciation
+€221
Other operating charges
-€132
Financial income
+€79
Financial charges
+€278
Taxes
-€15
Result 2025
€43,915
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
+€22,177
Investment
€0
Financing
€0
Cash 2024
€113,534
From operations (derived)
+€22,177
Net result for the year
+€43,915
Depreciation
+€31,317
Receivables within one year
-€54,657
Deferred charges and accrued income
-€7,666
Trade debts
+€5,910
Tax, wage and social debts
+€2,562
Other debts
+€1,583
Accrued charges and deferred income
-€788
Cash 2025
€135,711
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,614,869 | €2,668,051 | +€53,182 | +2.0% |
| Fixed assets | 21/28 | €2,331,944 | €2,300,626 | -€31,317 | -1.3% |
| Tangible fixed assets | 22/27 | €2,331,588 | €2,300,271 | -€31,317 | -1.3% |
| Land and buildings | 22 | €2,326,672 | €2,297,652 | -€29,019 | -1.2% |
| Furniture and vehicles | 24 | €4,916 | €2,619 | -€2,298 | -46.7% |
| Financial fixed assets | 28 | €356 | €356 | = | 0.0% |
| Current assets | 29/58 | €282,926 | €367,425 | +€84,499 | +29.9% |
| Amounts receivable within one year | 40/41 | €169,391 | €224,048 | +€54,657 | +32.3% |
| Trade receivables | 40 | €13,771 | €17,715 | +€3,943 | +28.6% |
| Other amounts receivable | 41 | €155,620 | €206,333 | +€50,713 | +32.6% |
| Cash at bank and in hand | 54/58 | €113,534 | €135,711 | +€22,177 | +19.5% |
| Deferred charges and accrued income | 490/1 | - | €7,666 | +€7,666 | |
| Total equity and liabilities | 10/49 | €2,614,869 | €2,668,051 | +€53,182 | +2.0% |
| Equity | 10/15 | €1,370,967 | €1,414,883 | +€43,915 | +3.2% |
| Contributions | 10/11 | €354,000 | €354,000 | = | 0.0% |
| Capital | 10 | €354,000 | €354,000 | = | 0.0% |
| Issued capital | 100 | €354,000 | €354,000 | = | 0.0% |
| Reserves | 13 | €36,003 | €36,003 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,400 | €35,400 | = | 0.0% |
| Legal reserve | 130 | €35,400 | €35,400 | = | 0.0% |
| Distributable reserves | 133 | €603 | €603 | = | 0.0% |
| Profit (loss) carried forward | 14 | €980,965 | €1,024,880 | +€43,915 | +4.5% |
| Amounts payable | 17/49 | €1,243,902 | €1,253,169 | +€9,267 | +0.7% |
| Amounts payable after more than one year | 17 | €1,214 | €1,214 | = | 0.0% |
| Other amounts payable | 178/9 | €1,214 | €1,214 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,239,190 | €1,249,245 | +€10,055 | +0.8% |
| Trade debts | 44 | €5,076 | €10,986 | +€5,910 | +116% |
| Suppliers | 440/4 | €5,076 | €10,986 | +€5,910 | +116% |
| Taxes, remuneration and social security | 45 | €6,661 | €9,223 | +€2,562 | +38.5% |
| Taxes | 450/3 | €1,237 | €15 | -€1,222 | -98.8% |
| Remuneration and social security | 454/9 | €5,424 | €9,208 | +€3,784 | +69.8% |
| Other amounts payable | 47/48 | €1,227,453 | €1,229,036 | +€1,583 | +0.1% |
| Accrued charges and deferred income | 492/3 | €3,498 | €2,710 | -€788 | -22.5% |
| Remuneration, social security and pensions | 62 | €81,157 | €42,565 | -€38,592 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,539 | €31,317 | -€221 | -0.7% |
| Other operating charges | 640/8 | €30,722 | €30,854 | +€132 | +0.4% |
| Gross operating margin | 9900 | €129,125 | €148,762 | +€19,638 | +15.2% |
| Operating profit (loss) | 9901 | -€14,294 | €44,026 | +€58,319 | |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €452 | €174 | -€278 | -61.5% |
| Recurring financial charges | 65 | €452 | €174 | -€278 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,745 | €43,930 | +€58,676 | |
| Income taxes | 67/77 | - | €15 | +€15 | |
| Profit (loss) for the period | 9904 | -€14,745 | €43,915 | +€58,661 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,745 | €43,915 | +€58,661 |
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 27 October 2026 via checked.be.