BLOCKMANS V EN D: 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
BLOCKMANS V EN D
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
€190,200
2024 · €168,073+€22,127
Equity
€1.6m
2024 · €1.4m+€190,200
Cash
€64,180
2024 · €92,640-€28,461
Balance sheet total
€3.4m
2024 · €3.2m+€217,701
Largest movements
Assets
- Receivables within one year +€319,849
up €319,849 (+1,174%), from €27,234 to €347,083
- Current investments -€50,000
down €50,000 (-4.3%), from €1.2m to €1.1m
Equity and liabilities
- Reserves +€190,200
up €190,200 (+14.0%), from €1.4m to €1.5m
of which Distributable reserves: +€127,050
- Other debts +€51,233
up €51,233 (+4.2%), from €1.2m to €1.3m
Income statement
- Gross operating margin +€31,647
up €31,647 (+8.8%), from €359,665 to €391,312
- Taxes +€6,060
up €6,060 (+9.0%), from €67,425 to €73,485
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
€168,073
Gross operating margin
+€31,647
Depreciation
-€2,482
Other operating charges
-€666
Financial income
+€3,123
Financial charges
-€3,434
Taxes
-€6,060
Result 2025
€190,200
raises the resultlowers the result
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
-€21,214
Investment
+€16,474
Financing
-€23,721
Cash 2024
€92,640
From operations (derived)
-€21,214
Net result for the year
+€190,200
Depreciation
+€53,736
Receivables within one year
-€319,849
Deferred charges and accrued income
+€3,478
Trade debts
-€6,293
Tax, wage and social debts
+€6,282
Other debts
+€51,233
Investment (derived)
+€16,474
Investment in fixed assets (net)
-€33,526
Current investments
+€50,000
Financing
-€23,721
Debts after one year
-€24,530
Current portion of long-term debt
+€840
Short-term financial debts
-€31
Cash 2025
€64,180
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,220,064 | €3,437,765 | +€217,701 | +6.8% |
| Fixed assets | 21/28 | €1,921,712 | €1,901,502 | -€20,210 | -1.1% |
| Tangible fixed assets | 22/27 | €949,573 | €929,363 | -€20,210 | -2.1% |
| Land and buildings | 22 | €949,573 | €929,363 | -€20,210 | -2.1% |
| Financial fixed assets | 28 | €972,140 | €972,140 | = | 0.0% |
| Current assets | 29/58 | €1,298,352 | €1,536,263 | +€237,911 | +18.3% |
| Amounts receivable within one year | 40/41 | €27,234 | €347,083 | +€319,849 | +1,174% |
| Other amounts receivable | 41 | €27,234 | €347,083 | +€319,849 | +1,174% |
| Current investments | 50/53 | €1,175,000 | €1,125,000 | -€50,000 | -4.3% |
| Cash at bank and in hand | 54/58 | €92,640 | €64,180 | -€28,461 | -30.7% |
| Deferred charges and accrued income | 490/1 | €3,478 | €0 | -€3,478 | -100% |
| Total equity and liabilities | 10/49 | €3,220,064 | €3,437,765 | +€217,701 | +6.8% |
| Equity | 10/15 | €1,425,206 | €1,615,406 | +€190,200 | +13.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,355,206 | €1,545,406 | +€190,200 | +14.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €189,450 | +€63,150 | +50.0% |
| Distributable reserves | 133 | €1,211,906 | €1,338,956 | +€127,050 | +10.5% |
| Amounts payable | 17/49 | €1,794,858 | €1,822,359 | +€27,501 | +1.5% |
| Amounts payable after more than one year | 17 | €465,155 | €440,625 | -€24,530 | -5.3% |
| Financial debts | 170/4 | €465,155 | €440,625 | -€24,530 | -5.3% |
| Amounts payable within one year | 42/48 | €1,328,754 | €1,380,784 | +€52,031 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €23,690 | €24,530 | +€840 | +3.5% |
| Financial debts | 43 | €7,587 | €7,556 | -€31 | -0.4% |
| Credit institutions | 430/8 | €7,587 | €7,556 | -€31 | -0.4% |
| Trade debts | 44 | €7,248 | €955 | -€6,293 | -86.8% |
| Suppliers | 440/4 | €7,248 | €955 | -€6,293 | -86.8% |
| Advances received on contracts in progress | 46 | €8,300 | €8,300 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €50,674 | €56,957 | +€6,282 | +12.4% |
| Taxes | 450/3 | €50,674 | €56,957 | +€6,282 | +12.4% |
| Other amounts payable | 47/48 | €1,231,254 | €1,282,487 | +€51,233 | +4.2% |
| Accrued charges and deferred income | 492/3 | €950 | €950 | = | 0.0% |
| Non-recurring operating income | 76A | €903 | €3,793 | +€2,890 | +320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,254 | €53,736 | +€2,482 | +4.8% |
| Other operating charges | 640/8 | €8,650 | €9,316 | +€666 | +7.7% |
| Gross operating margin | 9900 | €359,665 | €391,312 | +€31,647 | +8.8% |
| Operating profit (loss) | 9901 | €299,761 | €328,260 | +€28,499 | +9.5% |
| Financial income | 75/76B | €30,102 | €33,225 | +€3,123 | +10.4% |
| Recurring financial income | 75 | €30,102 | €33,225 | +€3,123 | +10.4% |
| Financial charges | 65/66B | €94,365 | €97,800 | +€3,434 | +3.6% |
| Recurring financial charges | 65 | €94,365 | €97,800 | +€3,434 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €235,498 | €263,685 | +€28,188 | +12.0% |
| Income taxes | 67/77 | €67,425 | €73,485 | +€6,060 | +9.0% |
| Profit (loss) for the period | 9904 | €168,073 | €190,200 | +€22,127 | +13.2% |
| Transfer from tax-exempt reserves | 789 | €54,730 | €0 | -€54,730 | -100% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €63,150 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €159,653 | €127,050 | -€32,603 | -20.4% |
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 25 October 2026 via checked.be.