B-REAL PROPERTIES: what changed
Two fiscal 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.
B-REAL PROPERTIES
Largest movements
- Cash +€11,334
up €11,334 (+64.4%), from €17,613 to €28,947
mainly Net result for the year (+€17,136) and Tax, wage and social debts (+€9,138)
- Receivables within one year -€8,788
down €8,788 (-37.2%), from €23,639 to €14,851
- Tangible fixed assets +€2,702
up €2,702 (+23.9%), from €11,324 to €14,026
- Other debts -€19,383
down €19,383 (-60.5%), from €32,053 to €12,670
- Reserves +€17,136
up €17,136 (+236.5%), from €7,246 to €24,382
- Tax, wage and social debts +€9,138
up €9,138 (+144.7%), from €6,317 to €15,455
- Trade debts -€1,764
down €1,764 (-55.8%), from €3,161 to €1,398
- Gross operating margin +€8,601
up €8,601 (+46.3%), from €18,569 to €27,170
- Other operating charges -€3,120
down €3,120 (-67.7%), from €4,605 to €1,486
- Taxes +€1,770
up €1,770 (+49.8%), from €3,553 to €5,323
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.
Cash bridge derived
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 | €53,777 | €58,904 | +€5,127 | +9.5% |
| Fixed assets | 21/28 | €11,324 | €14,026 | +€2,702 | +23.9% |
| Tangible fixed assets | 22/27 | €11,324 | €14,026 | +€2,702 | +23.9% |
| Furniture and vehicles | 24 | €11,324 | €14,026 | +€2,702 | +23.9% |
| Current assets | 29/58 | €42,453 | €44,879 | +€2,425 | +5.7% |
| Amounts receivable within one year | 40/41 | €23,639 | €14,851 | -€8,788 | -37.2% |
| Trade receivables | 40 | €23,639 | €14,851 | -€8,788 | -37.2% |
| Cash at bank and in hand | 54/58 | €17,613 | €28,947 | +€11,334 | +64.4% |
| Deferred charges and accrued income | 490/1 | €1,202 | €1,081 | -€121 | -10.1% |
| Total equity and liabilities | 10/49 | €53,777 | €58,904 | +€5,127 | +9.5% |
| Equity | 10/15 | €12,246 | €29,382 | +€17,136 | +139.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,246 | €24,382 | +€17,136 | +236.5% |
| Distributable reserves | 133 | €7,246 | €24,382 | +€17,136 | +236.5% |
| Amounts payable | 17/49 | €41,531 | €29,522 | -€12,008 | -28.9% |
| Amounts payable within one year | 42/48 | €41,531 | €29,522 | -€12,008 | -28.9% |
| Trade debts | 44 | €3,161 | €1,398 | -€1,764 | -55.8% |
| Suppliers | 440/4 | €3,161 | €1,398 | -€1,764 | -55.8% |
| Taxes, remuneration and social security | 45 | €6,317 | €15,455 | +€9,138 | +144.7% |
| Taxes | 450/3 | €6,317 | €15,455 | +€9,138 | +144.7% |
| Other amounts payable | 47/48 | €32,053 | €12,670 | -€19,383 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,860 | €2,981 | +€121 | +4.2% |
| Other operating charges | 640/8 | €4,605 | €1,486 | -€3,120 | -67.7% |
| Gross operating margin | 9900 | €18,569 | €27,170 | +€8,601 | +46.3% |
| Operating profit (loss) | 9901 | €11,104 | €22,704 | +€11,600 | +104.5% |
| Financial income | 75/76B | €45 | €46 | +€1 | +2.3% |
| Recurring financial income | 75 | €45 | €46 | +€1 | +2.3% |
| Financial charges | 65/66B | €349 | €291 | -€58 | -16.6% |
| Recurring financial charges | 65 | €349 | €291 | -€58 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €10,799 | €22,458 | +€11,659 | +108.0% |
| Income taxes | 67/77 | €3,553 | €5,323 | +€1,770 | +49.8% |
| Profit (loss) for the period | 9904 | €7,246 | €17,136 | +€9,889 | +136.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,246 | €17,136 | +€9,889 | +136.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.