BeLux Office Development Feeder: 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.
BeLux Office Development Feeder
Largest movements
- Financial fixed assets +€7.4m
up €7.4m (+18.4%), from €40.4m to €47.8m
- Contributions +€7.5m
up €7.5m (+18.3%), from €40.7m to €48.2m
No income-statement line moved by more than 1% of the activity.
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 | €40,481,423 | €47,888,096 | +€7.4m | +18.3% |
| Formation expenses | 20 | €54,450 | €18,150 | -€36,300 | -66.7% |
| Fixed assets | 21/28 | €40,352,607 | €47,790,673 | +€7.4m | +18.4% |
| Financial fixed assets | 28 | €40,352,607 | €47,790,673 | +€7.4m | +18.4% |
| Affiliated companies | 280/1 | €40,352,607 | €47,790,673 | +€7.4m | +18.4% |
| Participating interests | 280 | €40,352,607 | €47,790,673 | +€7.4m | +18.4% |
| Current assets | 29/58 | €74,367 | €79,273 | +€4,907 | +6.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €74,367 | €79,273 | +€4,907 | +6.6% |
| Total equity and liabilities | 10/49 | €40,481,423 | €47,888,096 | +€7.4m | +18.3% |
| Equity | 10/15 | €40,461,049 | €47,869,509 | +€7.4m | +18.3% |
| Contributions | 10/11 | €40,744,966 | €48,212,071 | +€7.5m | +18.3% |
| Profit (loss) carried forward | 14 | -€283,917 | -€342,562 | -€58,644 | -20.7% |
| Amounts payable | 17/49 | €20,375 | €18,587 | -€1,788 | -8.8% |
| Amounts payable within one year | 42/48 | €20,375 | €18,587 | -€1,788 | -8.8% |
| Trade debts | 44 | €3,035 | €1,247 | -€1,788 | -58.9% |
| Suppliers | 440/4 | €3,035 | €1,247 | -€1,788 | -58.9% |
| Other amounts payable | 47/48 | €17,340 | €17,340 | = | 0.0% |
| Operating charges | 60/66A | €60,291 | €58,158 | -€2,132 | -3.5% |
| Services and other goods | 61 | €23,991 | €21,858 | -€2,132 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,300 | €36,300 | = | 0.0% |
| Other operating charges | 640/8 | €0 | - | = | |
| Operating profit (loss) | 9901 | -€60,291 | -€58,158 | +€2,132 | +3.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €423 | €486 | +€63 | +14.8% |
| Recurring financial charges | 65 | €423 | €486 | +€63 | +14.8% |
| Other financial charges | 652/9 | €423 | €486 | +€63 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€60,714 | -€58,644 | +€2,070 | +3.4% |
| Profit (loss) for the period | 9904 | -€60,714 | -€58,644 | +€2,070 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,714 | -€58,644 | +€2,070 | +3.4% |
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 17 October 2026 via checked.be.