AVENUE DES COURSES 9: what changed
What changed
AVENUE DES COURSES 9
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€11,592
2024 · -€43,264+€54,855
Equity
-€406,539
2024 · -€418,131+€11,592
Cash
€315,624
2024 · €6,052+€309,572
Balance sheet total
€1.7m
2024 · €813,402+€867,463
Largest movements
Assets
- Tangible fixed assets +€555,604
up €555,604 (+68.9%), from €806,637 to €1.4m
of which Land and buildings: +€1.3m
- Cash +€309,572
up €309,572 (+5,115%), from €6,052 to €315,624
mainly Current portion of long-term debt (+€1.5m) and Depreciation (+€45,291)
Equity and liabilities
- Current portion of long-term debt +€1.5m
up €1.5m (+297%), from €515,706 to €2.0m
- Trade debts -€675,117
down €675,117 (-94.6%), from €713,827 to €38,710
Income statement
- Turnover +€98,000
new in 2025: €98,000
- Depreciation +€42,049
up €42,049 (+1,297%), from €3,242 to €45,291
- Services and other goods +€3,886
up €3,886 (+25.6%), from €15,190 to €19,076
- Other operating charges +€3,365
up €3,365 (+112%), from €2,992 to €6,357
- Financial charges +€2,683
up €2,683 (+11.3%), from €23,777 to €26,459
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
-€43,264
Turnover
+€98,000
Services and other goods
-€3,886
Depreciation
-€42,049
Other operating charges
-€3,365
Other operating items
+€10,750
Financial income
-€1,912
Financial charges
-€2,683
Result 2025
€11,592
raises the resultlowers the resultnot broken down further in the accounts
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
-€621,521
Investment
-€600,895
Financing
+€1.5m
Cash 2024
€6,052
From operations (derived)
-€621,521
Net result for the year
+€11,592
Depreciation
+€45,291
Smaller working-capital items
-€3,287
Trade debts
-€675,117
Investment (derived)
-€600,895
Investment in fixed assets (net)
-€600,895
Financing
+€1.5m
Current portion of long-term debt
+€1.5m
Cash 2025
€315,624
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,402 | €1,680,865 | +€867,463 | +107% |
| Fixed assets | 21/28 | €806,637 | €1,362,241 | +€555,604 | +68.9% |
| Tangible fixed assets | 22/27 | €806,637 | €1,362,241 | +€555,604 | +68.9% |
| Land and buildings | 22 | €104,336 | €1,362,241 | +€1.3m | +1,206% |
| Assets under construction and advance payments | 27 | €702,301 | €0 | -€702,301 | -100% |
| Current assets | 29/58 | €6,765 | €318,624 | +€311,858 | +4,610% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €713 | €0 | -€713 | -100% |
| Other amounts receivable | 41 | €713 | €0 | -€713 | -100% |
| Cash at bank and in hand | 54/58 | €6,052 | €315,624 | +€309,572 | +5,115% |
| Deferred charges and accrued income | 490/1 | - | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €813,402 | €1,680,865 | +€867,463 | +107% |
| Equity | 10/15 | -€418,131 | -€406,539 | +€11,592 | +2.8% |
| Contributions | 10/11 | €62,023 | €62,023 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €23 | €23 | = | 0.0% |
| Share premium | 1100/10 | €23 | €23 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€480,153 | -€468,562 | +€11,592 | +2.4% |
| Amounts payable | 17/49 | €1,231,533 | €2,087,404 | +€855,871 | +69.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Subordinated loans | 170 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,229,533 | €2,086,404 | +€856,871 | +69.7% |
| Current portion of amounts payable after more than one year | 42 | €515,706 | €2,047,694 | +€1.5m | +297% |
| Trade debts | 44 | €713,827 | €38,710 | -€675,117 | -94.6% |
| Suppliers | 440/4 | €713,827 | €38,710 | -€675,117 | -94.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Operating income | 70/76A | €0 | €108,750 | +€108,750 | |
| Turnover | 70 | - | €98,000 | +€98,000 | |
| Other operating income | 74 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €10,750 | +€10,750 | |
| Operating charges | 60/66A | €21,425 | €70,725 | +€49,300 | +230% |
| Services and other goods | 61 | €15,190 | €19,076 | +€3,886 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,242 | €45,291 | +€42,049 | +1,297% |
| Other operating charges | 640/8 | €2,992 | €6,357 | +€3,365 | +112% |
| Operating profit (loss) | 9901 | -€21,425 | €38,025 | +€59,450 | |
| Financial income | 75/76B | €1,938 | €26 | -€1,912 | -98.7% |
| Recurring financial income | 75 | €1,938 | €26 | -€1,912 | -98.7% |
| Other financial income | 752/9 | €1,938 | €26 | -€1,912 | -98.7% |
| Financial charges | 65/66B | €23,777 | €26,459 | +€2,683 | +11.3% |
| Recurring financial charges | 65 | €23,777 | €26,459 | +€2,683 | +11.3% |
| Debt charges | 650 | €6,370 | €6,129 | -€241 | -3.8% |
| Other financial charges | 652/9 | €17,407 | €20,331 | +€2,924 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,264 | €11,592 | +€54,855 | |
| Profit (loss) for the period | 9904 | -€43,264 | €11,592 | +€54,855 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,264 | €11,592 | +€54,855 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.