BAARBEEK IMMO: 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
BAARBEEK IMMO
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
-€616,361
2024 · -€531,347-€85,014
Equity
€3.6m
2024 · €3.1m+€483,639
Cash
€239,976
2024 · €38,040+€201,936
Balance sheet total
€7.1m
2024 · €7.0m+€145,546
Largest movements
Assets
- Cash +€201,936
up €201,936 (+531%), from €38,040 to €239,976
mainly Contributions, distributions and other (+€1.1m) and Depreciation (+€534,287)
- Tangible fixed assets -€150,703
down €150,703 (-2.3%), from €6.7m to €6.5m
of which Land and buildings: -€148,112
- Receivables within one year +€102,114
up €102,114 (+46.0%), from €221,960 to €324,075
of which Trade receivables: +€100,327
Equity and liabilities
- Contributions +€1.1m
up €1.1m (+27.2%), from €4.0m to €5.1m
of which Capital: +€1.1m
- Profit (loss) carried forward -€616,361
down €616,361 (-64.1%), from -€961,105 to -€1.6m
- Debts after one year -€373,332
down €373,332 (-12.5%), from €3.0m to €2.6m
Income statement
- Other operating income -€146,119
down €146,119 (-12.0%), from €1.2m to €1.1m
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
-€531,347
Staff costs
+€19,964
Depreciation
+€9,959
Other operating charges
-€11,185
Other operating items
-€109,009
Financial charges
+€5,257
Result 2025
-€616,361
raises the resultlowers the resultnot broken down further in the accounts
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
-€108,397
Investment
-€383,009
Financing
+€693,342
Cash 2024
€38,040
From operations (derived)
-€108,397
Net result for the year
-€616,361
Depreciation
+€534,287
Smaller working-capital items
-€1,429
Receivables within one year
-€102,114
Deferred charges and accrued income
+€6,401
Trade debts
+€66,881
Accrued charges and deferred income
+€3,937
Investment (derived)
-€383,009
Investment in fixed assets (net)
-€383,009
Financing
+€693,342
Debts after one year
-€373,332
Current portion of long-term debt
-€33,326
Contributions, distributions and other
+€1.1m
Cash 2025
€239,976
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,956,114 | €7,101,660 | +€145,546 | +2.1% |
| Fixed assets | 21/28 | €6,675,660 | €6,524,382 | -€151,278 | -2.3% |
| Tangible fixed assets | 22/27 | €6,675,085 | €6,524,382 | -€150,703 | -2.3% |
| Land and buildings | 22 | €4,396,821 | €4,248,709 | -€148,112 | -3.4% |
| Plant, machinery and equipment | 23 | €907,821 | €1,105,220 | +€197,398 | +21.7% |
| Furniture and vehicles | 24 | €409,124 | €347,830 | -€61,294 | -15.0% |
| Other tangible fixed assets | 26 | €961,319 | €822,623 | -€138,696 | -14.4% |
| Financial fixed assets | 28 | €575 | - | -€575 | |
| Other financial fixed assets | 284/8 | €575 | - | -€575 | |
| Amounts receivable and cash guarantees | 285/8 | €575 | - | -€575 | |
| Current assets | 29/58 | €280,454 | €577,278 | +€296,824 | +106% |
| Stocks and contracts in progress | 3 | €825 | - | -€825 | |
| Stocks | 30/36 | €825 | - | -€825 | |
| Goods purchased for resale | 34 | €825 | - | -€825 | |
| Amounts receivable within one year | 40/41 | €221,960 | €324,075 | +€102,114 | +46.0% |
| Trade receivables | 40 | €220,280 | €320,607 | +€100,327 | +45.5% |
| Other amounts receivable | 41 | €1,680 | €3,467 | +€1,787 | +106% |
| Cash at bank and in hand | 54/58 | €38,040 | €239,976 | +€201,936 | +531% |
| Deferred charges and accrued income | 490/1 | €19,629 | €13,228 | -€6,401 | -32.6% |
| Total equity and liabilities | 10/49 | €6,956,114 | €7,101,660 | +€145,546 | +2.1% |
| Equity | 10/15 | €3,119,922 | €3,603,561 | +€483,639 | +15.5% |
| Contributions | 10/11 | €4,046,388 | €5,146,388 | +€1.1m | +27.2% |
| Capital | 10 | €4,046,384 | €5,146,384 | +€1.1m | +27.2% |
| Issued capital | 100 | €4,646,384 | €6,646,384 | +€2.0m | +43.0% |
| Uncalled capital | 101 | €600,000 | €1,500,000 | +€900,000 | +150% |
| Contributions outside capital | 11 | €3 | €3 | = | 0.0% |
| Share premium | 1100/10 | €3 | €3 | = | 0.0% |
| Reserves | 13 | €34,638 | €34,638 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,638 | €34,638 | = | 0.0% |
| Legal reserve | 130 | €34,638 | €34,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€961,105 | -€1,577,465 | -€616,361 | -64.1% |
| Amounts payable | 17/49 | €3,836,192 | €3,498,099 | -€338,093 | -8.8% |
| Amounts payable after more than one year | 17 | €2,986,676 | €2,613,344 | -€373,332 | -12.5% |
| Financial debts | 170/4 | €2,986,676 | €2,613,344 | -€373,332 | -12.5% |
| Credit institutions | 173 | €2,986,676 | €2,613,344 | -€373,332 | -12.5% |
| Amounts payable within one year | 42/48 | €602,976 | €634,278 | +€31,302 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €406,658 | €373,332 | -€33,326 | -8.2% |
| Trade debts | 44 | €162,392 | €229,273 | +€66,881 | +41.2% |
| Suppliers | 440/4 | €162,392 | €229,273 | +€66,881 | +41.2% |
| Taxes, remuneration and social security | 45 | €33,926 | €31,673 | -€2,253 | -6.6% |
| Taxes | 450/3 | €26,056 | €31,345 | +€5,289 | +20.3% |
| Remuneration and social security | 454/9 | €7,870 | €328 | -€7,543 | -95.8% |
| Accrued charges and deferred income | 492/3 | €246,540 | €250,477 | +€3,937 | +1.6% |
| Operating income | 70/76A | €1,219,767 | €1,073,646 | -€146,121 | -12.0% |
| Other operating income | 74 | €1,219,765 | €1,073,646 | -€146,119 | -12.0% |
| Non-recurring operating income | 76A | €2 | - | -€2 | |
| Operating charges | 60/66A | €1,702,267 | €1,646,416 | -€55,851 | -3.3% |
| Services and other goods | 61 | €935,320 | €898,208 | -€37,112 | -4.0% |
| Remuneration, social security and pensions | 62 | €56,331 | €36,367 | -€19,964 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544,246 | €534,287 | -€9,959 | -1.8% |
| Other operating charges | 640/8 | €166,370 | €177,554 | +€11,185 | +6.7% |
| Operating profit (loss) | 9901 | -€482,499 | -€572,770 | -€90,270 | -18.7% |
| Financial charges | 65/66B | €48,848 | €43,591 | -€5,257 | -10.8% |
| Recurring financial charges | 65 | €48,848 | €43,591 | -€5,257 | -10.8% |
| Debt charges | 650 | €48,847 | €43,588 | -€5,259 | -10.8% |
| Other financial charges | 652/9 | €1 | €3 | +€2 | +350% |
| Profit (loss) for the period before taxes | 9903 | -€531,347 | -€616,361 | -€85,014 | -16.0% |
| Profit (loss) for the period | 9904 | -€531,347 | -€616,361 | -€85,014 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€531,347 | -€616,361 | -€85,014 | -16.0% |
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 30 October 2026 via checked.be.