Best Flats: 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.
Best Flats
Largest movements
- Tangible fixed assets +€4.5m
up €4.5m (+51.6%), from €8.8m to €13.4m
of which Land and buildings: +€2.8m
- Debts after one year +€5.2m
up €5.2m (+98.8%), from €5.2m to €10.4m
- Short-term financial debts -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Other debts +€306,301
up €306,301 (+20.3%), from €1.5m to €1.8m
- Trade debts +€159,661
up €159,661 (+76.9%), from €207,591 to €367,252
- Gross operating margin +€87,540
up €87,540 (+18.9%), from €463,250 to €550,790
- Financial charges +€56,001
up €56,001 (+37.7%), from €148,446 to €204,448
- Depreciation +€43,516
up €43,516 (+20.1%), from €216,604 to €260,120
- Other operating charges -€10,503
down €10,503 (-18.1%), from €58,067 to €47,564
- Write-downs +€9,503
new in 2025: €9,503
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 | €9,570,567 | €13,996,639 | +€4.4m | +46.2% |
| Fixed assets | 21/28 | €8,820,906 | €13,369,566 | +€4.5m | +51.6% |
| Tangible fixed assets | 22/27 | €8,820,906 | €13,369,566 | +€4.5m | +51.6% |
| Land and buildings | 22 | €6,489,788 | €9,319,890 | +€2.8m | +43.6% |
| Plant, machinery and equipment | 23 | €73 | €7,244 | +€7,171 | +9,762% |
| Furniture and vehicles | 24 | €77,113 | €64,777 | -€12,336 | -16.0% |
| Assets under construction and advance payments | 27 | €2,253,932 | €3,977,655 | +€1.7m | +76.5% |
| Current assets | 29/58 | €749,661 | €627,073 | -€122,588 | -16.4% |
| Amounts receivable within one year | 40/41 | €552,282 | €496,137 | -€56,145 | -10.2% |
| Trade receivables | 40 | €310,090 | €122,396 | -€187,694 | -60.5% |
| Other amounts receivable | 41 | €242,192 | €373,741 | +€131,549 | +54.3% |
| Cash at bank and in hand | 54/58 | €188,026 | €113,502 | -€74,524 | -39.6% |
| Deferred charges and accrued income | 490/1 | €9,352 | €17,433 | +€8,081 | +86.4% |
| Total equity and liabilities | 10/49 | €9,570,567 | €13,996,639 | +€4.4m | +46.2% |
| Equity | 10/15 | €749,157 | €771,900 | +€22,744 | +3.0% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €299,157 | €321,900 | +€22,744 | +7.6% |
| Distributable reserves | 133 | €299,157 | €321,900 | +€22,744 | +7.6% |
| Amounts payable | 17/49 | €8,821,411 | €13,224,739 | +€4.4m | +49.9% |
| Amounts payable after more than one year | 17 | €5,227,492 | €10,393,457 | +€5.2m | +98.8% |
| Financial debts | 170/4 | €5,227,492 | €10,393,457 | +€5.2m | +98.8% |
| Amounts payable within one year | 42/48 | €3,526,688 | €2,770,314 | -€756,374 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €429,764 | €563,911 | +€134,147 | +31.2% |
| Financial debts | 43 | €1,365,000 | €0 | -€1.4m | -100% |
| Credit institutions | 430/8 | €1,365,000 | €0 | -€1.4m | -100% |
| Trade debts | 44 | €207,591 | €367,252 | +€159,661 | +76.9% |
| Suppliers | 440/4 | €207,591 | €367,252 | +€159,661 | +76.9% |
| Taxes, remuneration and social security | 45 | €12,122 | €20,640 | +€8,518 | +70.3% |
| Taxes | 450/3 | €12,122 | €20,640 | +€8,518 | +70.3% |
| Other amounts payable | 47/48 | €1,512,211 | €1,818,512 | +€306,301 | +20.3% |
| Accrued charges and deferred income | 492/3 | €67,230 | €60,968 | -€6,263 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,604 | €260,120 | +€43,516 | +20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,503 | +€9,503 | |
| Other operating charges | 640/8 | €58,067 | €47,564 | -€10,503 | -18.1% |
| Gross operating margin | 9900 | €463,250 | €550,790 | +€87,540 | +18.9% |
| Operating profit (loss) | 9901 | €188,579 | €233,604 | +€45,025 | +23.9% |
| Financial income | 75/76B | €1,296 | €2,876 | +€1,580 | +122% |
| Recurring financial income | 75 | €1,296 | €2,876 | +€1,580 | +122% |
| Financial charges | 65/66B | €148,446 | €204,448 | +€56,001 | +37.7% |
| Recurring financial charges | 65 | €148,446 | €204,448 | +€56,001 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €41,429 | €32,032 | -€9,397 | -22.7% |
| Income taxes | 67/77 | €11,351 | €9,288 | -€2,063 | -18.2% |
| Profit (loss) for the period | 9904 | €30,078 | €22,744 | -€7,334 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,078 | €22,744 | -€7,334 | -24.4% |
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 20 October 2026 via checked.be.