B2 REAL ESTATE: 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.
B2 REAL ESTATE
Largest movements
- Cash -€807,548
down €807,548 (-82.8%), from €975,600 to €168,052
mainly Other debts (-€800,000) and Provisions (-€6,693)
- Other debts -€800,000
down €800,000 (-96.7%), from €827,300 to €27,300
- Gross operating margin -€388,492
down €388,492, from €380,220 to -€8,272
- Financial income -€257,989
down €257,989 (-96.6%), from €267,189 to €9,200
- Taxes -€74,303
down €74,303 (-97.8%), from €75,959 to €1,656
- Provisions -€9,738
down €9,738, from €3,045 to -€6,693
- Other operating charges -€4,475
down €4,475 (-89.6%), from €4,997 to €522
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,260,656 | €455,822 | -€804,834 | -63.8% |
| Fixed assets | 21/28 | €237,500 | €237,500 | = | 0.0% |
| Financial fixed assets | 28 | €237,500 | €237,500 | = | 0.0% |
| Current assets | 29/58 | €1,023,156 | €218,322 | -€804,834 | -78.7% |
| Stocks and contracts in progress | 3 | €23,571 | €23,571 | = | 0.0% |
| Contracts in progress | 37 | €23,571 | €23,571 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,985 | €26,700 | +€2,715 | +11.3% |
| Trade receivables | 40 | €10,638 | €24,920 | +€14,282 | +134% |
| Other amounts receivable | 41 | €13,347 | €1,780 | -€11,567 | -86.7% |
| Cash at bank and in hand | 54/58 | €975,600 | €168,052 | -€807,548 | -82.8% |
| Total equity and liabilities | 10/49 | €1,260,656 | €455,822 | -€804,834 | -63.8% |
| Equity | 10/15 | €359,465 | €364,625 | +€5,160 | +1.4% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Uncalled capital | 101 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €249,465 | €249,465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €229,465 | €229,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,160 | +€5,160 | |
| Provisions and deferred taxes | 16 | €40,660 | €33,967 | -€6,693 | -16.5% |
| Provisions for liabilities and charges | 160/5 | €40,660 | €33,967 | -€6,693 | -16.5% |
| Environmental obligations | 163 | - | €33,967 | +€33,967 | |
| Other liabilities and charges | 164/5 | €40,660 | - | -€40,660 | |
| Amounts payable | 17/49 | €860,531 | €57,230 | -€803,300 | -93.3% |
| Amounts payable within one year | 42/48 | €860,531 | €57,230 | -€803,300 | -93.3% |
| Trade debts | 44 | €33,231 | €29,930 | -€3,300 | -9.9% |
| Suppliers | 440/4 | €33,231 | €29,930 | -€3,300 | -9.9% |
| Other amounts payable | 47/48 | €827,300 | €27,300 | -€800,000 | -96.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,045 | -€6,693 | -€9,738 | |
| Other operating charges | 640/8 | €4,997 | €522 | -€4,475 | -89.6% |
| Non-recurring operating charges | 66A | €97,500 | - | -€97,500 | |
| Gross operating margin | 9900 | €380,220 | -€8,272 | -€388,492 | |
| Operating profit (loss) | 9901 | €274,679 | -€2,100 | -€276,779 | |
| Financial income | 75/76B | €267,189 | €9,200 | -€257,989 | -96.6% |
| Recurring financial income | 75 | €267,189 | €9,200 | -€257,989 | -96.6% |
| Financial charges | 65/66B | €1,526 | €284 | -€1,242 | -81.4% |
| Recurring financial charges | 65 | €1,526 | €284 | -€1,242 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | €540,342 | €6,816 | -€533,526 | -98.7% |
| Income taxes | 67/77 | €75,959 | €1,656 | -€74,303 | -97.8% |
| Profit (loss) for the period | 9904 | €464,384 | €5,160 | -€459,224 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €464,384 | €5,160 | -€459,224 | -98.9% |
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 1 November 2026 via checked.be.