BOUDEWIJNLAAN: what changed
What changed
BOUDEWIJNLAAN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€57,452
2024 · €89,830-€32,378
Equity
€924,984
2024 · €991,475-€66,491
Cash
€62,243
2024 · €172,155-€109,912
Balance sheet total
€971,079
2024 · €1.1m-€149,934
Largest movements
Assets
- Cash -€109,912
down €109,912 (-63.8%), from €172,155 to €62,243
mainly Contributions, distributions and other (-€123,943) and Current portion of long-term debt (-€74,236)
- Tangible fixed assets -€42,278
down €42,278 (-4.5%), from €947,703 to €905,424
Equity and liabilities
- Current portion of long-term debt -€74,236
no longer reported in 2025 (was €74,236)
- Reserves -€66,491
down €66,491 (-8.9%), from €746,404 to €679,913
of which Distributable reserves: -€62,032
Income statement
- Gross operating margin -€52,483
down €52,483 (-25.9%), from €202,293 to €149,809
- Taxes -€15,207
down €15,207 (-34.6%), from €43,993 to €28,786
- Financial charges -€3,116
down €3,116 (-66.0%), from €4,717 to €1,602
- Depreciation -€2,089
down €2,089 (-3.7%), from €56,309 to €54,220
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€89,830
Gross operating margin
-€52,483
Depreciation
+€2,089
Other operating charges
-€306
Financial charges
+€3,116
Taxes
+€15,207
Result 2025
€57,452
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€100,209
Investment
-€11,942
Financing
-€198,180
Cash 2024
€172,155
From operations (derived)
+€100,209
Net result for the year
+€57,452
Depreciation
+€54,220
Receivables within one year
-€2,257
Provisions
-€2,296
Trade debts
+€474
Tax, wage and social debts
-€7,311
Other debts
-€73
Investment (derived)
-€11,942
Investment in fixed assets (net)
-€11,942
Financing
-€198,180
Current portion of long-term debt
-€74,236
Contributions, distributions and other
-€123,943
Cash 2025
€62,243
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,121,012 | €971,079 | -€149,934 | -13.4% |
| Fixed assets | 21/28 | €947,703 | €905,424 | -€42,278 | -4.5% |
| Tangible fixed assets | 22/27 | €947,703 | €905,424 | -€42,278 | -4.5% |
| Land and buildings | 22 | €947,703 | €905,424 | -€42,278 | -4.5% |
| Current assets | 29/58 | €173,310 | €65,654 | -€107,656 | -62.1% |
| Amounts receivable within one year | 40/41 | €1,155 | €3,412 | +€2,257 | +195% |
| Other amounts receivable | 41 | €1,155 | €3,412 | +€2,257 | +195% |
| Cash at bank and in hand | 54/58 | €172,155 | €62,243 | -€109,912 | -63.8% |
| Total equity and liabilities | 10/49 | €1,121,012 | €971,079 | -€149,934 | -13.4% |
| Equity | 10/15 | €991,475 | €924,984 | -€66,491 | -6.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €183,571 | €183,571 | = | 0.0% |
| Reserves | 13 | €746,404 | €679,913 | -€66,491 | -8.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,627 | €72,167 | -€4,459 | -5.8% |
| Distributable reserves | 133 | €663,628 | €601,596 | -€62,032 | -9.3% |
| Provisions and deferred taxes | 16 | €39,457 | €37,160 | -€2,296 | -5.8% |
| Deferred taxes | 168 | €39,457 | €37,160 | -€2,296 | -5.8% |
| Amounts payable | 17/49 | €90,081 | €8,934 | -€81,146 | -90.1% |
| Amounts payable within one year | 42/48 | €90,081 | €8,934 | -€81,146 | -90.1% |
| Current portion of amounts payable after more than one year | 42 | €74,236 | - | -€74,236 | |
| Trade debts | 44 | - | €474 | +€474 | |
| Suppliers | 440/4 | - | €474 | +€474 | |
| Taxes, remuneration and social security | 45 | €13,502 | €6,191 | -€7,311 | -54.1% |
| Taxes | 450/3 | €13,502 | €6,191 | -€7,311 | -54.1% |
| Other amounts payable | 47/48 | €2,342 | €2,269 | -€73 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,309 | €54,220 | -€2,089 | -3.7% |
| Other operating charges | 640/8 | €9,740 | €10,046 | +€306 | +3.1% |
| Gross operating margin | 9900 | €202,293 | €149,809 | -€52,483 | -25.9% |
| Operating profit (loss) | 9901 | €136,244 | €85,544 | -€50,700 | -37.2% |
| Financial charges | 65/66B | €4,717 | €1,602 | -€3,116 | -66.0% |
| Recurring financial charges | 65 | €4,717 | €1,602 | -€3,116 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €131,527 | €83,942 | -€47,585 | -36.2% |
| Transfer from deferred taxes | 780 | €2,296 | €2,296 | = | 0.0% |
| Income taxes | 67/77 | €43,993 | €28,786 | -€15,207 | -34.6% |
| Profit (loss) for the period | 9904 | €89,830 | €57,452 | -€32,378 | -36.0% |
| Transfer from tax-exempt reserves | 789 | €4,459 | €4,459 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,289 | €61,912 | -€32,378 | -34.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.