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B77C: 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

B77C

BE 0660.871.589
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,033
2024 · €19,897-€6,864
Equity
€103,475
2024 · €164,440-€60,965
Cash
€10,992
2024 · €57,807-€46,814
Balance sheet total
€850,550
2024 · €1.0m-€151,088

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€68,150

    down €68,150 (-7.9%), from €860,281 to €792,131

    of which Land and buildings: -€66,835

  • Cash -€46,814

    down €46,814 (-81.0%), from €57,807 to €10,992

    mainly Contributions, distributions and other (-€73,998) and Debts after one year (-€54,643)

  • Receivables within one year -€36,123

    down €36,123 (-44.8%), from €80,700 to €44,577

    of which Trade receivables: -€36,123

Equity and liabilities
  • Reserves -€60,965

    down €60,965 (-81.9%), from €74,440 to €13,475

    of which Distributable reserves: -€60,965

  • Debts after one year -€54,643

    down €54,643 (-8.1%), from €673,546 to €618,903

  • Trade debts -€30,897

    down €30,897 (-32.4%), from €95,393 to €64,496

Income statement
  • Gross operating margin -€7,094

    down €7,094 (-5.9%), from €121,014 to €113,921

  • Depreciation +€2,187

    up €2,187 (+3.0%), from €73,703 to €75,890

  • Taxes -€1,379

    down €1,379 (-22.5%), from €6,123 to €4,744

From the 2024 result to the 2025 result

effect on the 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 €19,897
Gross operating margin -€7,094
Depreciation -€2,187
Other operating charges -€227
Other operating items +€321
Financial income -€0
Financial charges +€945
Taxes +€1,379
Result 2025 €13,033
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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 +€88,616
Investment -€7,740
Financing -€127,690
Cash 2024 €57,807
Net result for the year +€13,033
Depreciation +€75,890
Receivables within one year +€36,123
Trade debts -€30,897
Tax, wage and social debts -€5,534
Investment in fixed assets (net) -€7,740
Debts after one year -€54,643
Current portion of long-term debt +€951
Contributions, distributions and other -€73,998
Cash 2025 €10,992
brings cash intakes cash out
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,001,638 €850,550 -€151,088 -15.1%
Fixed assets 21/28 €863,131 €794,981 -€68,150 -7.9%
Tangible fixed assets 22/27 €860,281 €792,131 -€68,150 -7.9%
Land and buildings 22 €812,135 €745,300 -€66,835 -8.2%
Plant, machinery and equipment 23 €45,870 €45,497 -€373 -0.8%
Furniture and vehicles 24 €2,276 €1,334 -€942 -41.4%
Financial fixed assets 28 €2,850 €2,850 = 0.0%
Current assets 29/58 €138,507 €55,569 -€82,937 -59.9%
Amounts receivable within one year 40/41 €80,700 €44,577 -€36,123 -44.8%
Trade receivables 40 €78,625 €42,502 -€36,123 -45.9%
Other amounts receivable 41 €2,075 €2,075 = 0.0%
Cash at bank and in hand 54/58 €57,807 €10,992 -€46,814 -81.0%
Total equity and liabilities 10/49 €1,001,638 €850,550 -€151,088 -15.1%
Equity 10/15 €164,440 €103,475 -€60,965 -37.1%
Contributions 10/11 €90,000 €90,000 = 0.0%
Reserves 13 €74,440 €13,475 -€60,965 -81.9%
Non-distributable reserves 130/1 €187 €187 = 0.0%
Reserves not available under the articles 1311 €187 €187 = 0.0%
Distributable reserves 133 €74,253 €13,288 -€60,965 -82.1%
Profit (loss) carried forward 14 - €0 =
Amounts payable 17/49 €837,198 €747,075 -€90,123 -10.8%
Amounts payable after more than one year 17 €673,546 €618,903 -€54,643 -8.1%
Financial debts 170/4 €673,546 €618,903 -€54,643 -8.1%
Amounts payable within one year 42/48 €163,652 €128,172 -€35,480 -21.7%
Current portion of amounts payable after more than one year 42 €53,692 €54,643 +€951 +1.8%
Trade debts 44 €95,393 €64,496 -€30,897 -32.4%
Suppliers 440/4 €95,393 €64,496 -€30,897 -32.4%
Taxes, remuneration and social security 45 €14,567 €9,033 -€5,534 -38.0%
Taxes 450/3 €14,567 €9,033 -€5,534 -38.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €73,703 €75,890 +€2,187 +3.0%
Other operating charges 640/8 €7,134 €7,362 +€227 +3.2%
Non-recurring operating charges 66A €321 €0 -€321 -100%
Gross operating margin 9900 €121,014 €113,921 -€7,094 -5.9%
Operating profit (loss) 9901 €39,856 €30,669 -€9,187 -23.1%
Financial income 75/76B €0 €0 -€0 -100%
Recurring financial income 75 €0 €0 -€0 -100%
Financial charges 65/66B €13,836 €12,891 -€945 -6.8%
Recurring financial charges 65 €13,836 €12,891 -€945 -6.8%
Profit (loss) for the period before taxes 9903 €26,020 €17,777 -€8,242 -31.7%
Income taxes 67/77 €6,123 €4,744 -€1,379 -22.5%
Profit (loss) for the period 9904 €19,897 €13,033 -€6,864 -34.5%
Profit (loss) for the period to be appropriated 9905 €19,897 €13,033 -€6,864 -34.5%

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 26 October 2026 via checked.be.