Boulevard De Waterloo 38: what changed
What changed
Boulevard De Waterloo 38
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
-€606,995
2024 · -€682,714+€75,719
Equity
€4.8m
2024 · €4.2m+€593,005
Cash
€692,821
2024 · €672,933+€19,888
Balance sheet total
€33.0m
2024 · €36.5m-€3.5m
Largest movements
Assets
- Financial fixed assets -€2.6m
no longer reported in 2025 (was €2.6m)
- Tangible fixed assets -€848,864
down €848,864 (-2.6%), from €32.3m to €31.4m
Equity and liabilities
- Debts after one year -€3.8m
down €3.8m (-12.1%), from €31.4m to €27.6m
- Contributions +€1.2m
up €1.2m (+10.4%), from €11.6m to €12.8m
- Profit (loss) carried forward -€606,995
down €606,995 (-8.2%), from -€7.4m to -€8.0m
Income statement
- Turnover +€1.5m
new in 2025: €1.5m
- Purchases and services +€168,331
new in 2025: €168,331
- Gross operating margin +€64,755
up €64,755 (+5.1%), from €1.3m to €1.3m
- Financial charges -€31,860
down €31,860 (-2.8%), from €1.1m to €1.1m
- Financial income -€19,467
down €19,467 (-34.1%), from €57,054 to €37,587
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
-€682,714
Gross operating margin
+€64,755
Depreciation
-€406
Other operating charges
-€1,022
Financial income
-€19,467
Financial charges
+€31,860
Result 2025
-€606,995
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
+€28,031
Investment
+€2.6m
Financing
-€2.6m
Cash 2024
€672,933
From operations (derived)
+€28,031
Net result for the year
-€606,995
Depreciation
+€851,548
Receivables within one year
-€45,375
Deferred charges and accrued income
+€91,875
Smaller working-capital items
-€9,478
Accrued charges and deferred income
-€253,543
Investment (derived)
+€2.6m
Investment in fixed assets (net)
+€2.6m
Financing
-€2.6m
Debts after one year
-€3.8m
Contributions, distributions and other
+€1.2m
Cash 2025
€692,821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,488,201 | €33,014,185 | -€3.5m | -9.5% |
| Formation expenses | 20 | €65,510 | €70,970 | +€5,460 | +8.3% |
| Fixed assets | 21/28 | €34,896,227 | €31,443,362 | -€3.5m | -9.9% |
| Tangible fixed assets | 22/27 | €32,292,227 | €31,443,362 | -€848,864 | -2.6% |
| Land and buildings | 22 | €32,292,227 | €31,443,362 | -€848,864 | -2.6% |
| Financial fixed assets | 28 | €2,604,000 | - | -€2.6m | |
| Current assets | 29/58 | €1,526,465 | €1,499,853 | -€26,612 | -1.7% |
| Amounts receivable within one year | 40/41 | €353,553 | €398,928 | +€45,375 | +12.8% |
| Trade receivables | 40 | €353,553 | €398,928 | +€45,375 | +12.8% |
| Cash at bank and in hand | 54/58 | €672,933 | €692,821 | +€19,888 | +3.0% |
| Deferred charges and accrued income | 490/1 | €499,978 | €408,103 | -€91,875 | -18.4% |
| Total equity and liabilities | 10/49 | €36,488,201 | €33,014,185 | -€3.5m | -9.5% |
| Equity | 10/15 | €4,192,522 | €4,785,527 | +€593,005 | +14.1% |
| Contributions | 10/11 | €11,573,100 | €12,773,100 | +€1.2m | +10.4% |
| Capital | 10 | €11,573,100 | €12,773,100 | +€1.2m | +10.4% |
| Issued capital | 100 | €11,573,100 | €12,773,100 | +€1.2m | +10.4% |
| Profit (loss) carried forward | 14 | -€7,380,578 | -€7,987,573 | -€606,995 | -8.2% |
| Amounts payable | 17/49 | €32,295,680 | €28,228,658 | -€4.1m | -12.6% |
| Amounts payable after more than one year | 17 | €31,404,000 | €27,600,000 | -€3.8m | -12.1% |
| Financial debts | 170/4 | €31,404,000 | €27,600,000 | -€3.8m | -12.1% |
| Amounts payable within one year | 42/48 | €50,010 | €40,532 | -€9,478 | -19.0% |
| Trade debts | 44 | €45,070 | €35,591 | -€9,479 | -21.0% |
| Suppliers | 440/4 | €45,070 | €35,591 | -€9,479 | -21.0% |
| Taxes, remuneration and social security | 45 | €4,940 | €4,941 | +€1 | 0.0% |
| Taxes | 450/3 | €4,940 | €4,941 | +€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €841,670 | €588,126 | -€253,543 | -30.1% |
| Turnover | 70 | - | €1,473,059 | +€1.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €168,331 | +€168,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €851,141 | €851,548 | +€406 | 0.0% |
| Other operating charges | 640/8 | €27,485 | €28,507 | +€1,022 | +3.7% |
| Gross operating margin | 9900 | €1,267,513 | €1,332,268 | +€64,755 | +5.1% |
| Operating profit (loss) | 9901 | €388,887 | €452,213 | +€63,326 | +16.3% |
| Financial income | 75/76B | €57,054 | €37,587 | -€19,467 | -34.1% |
| Recurring financial income | 75 | €57,054 | €37,587 | -€19,467 | -34.1% |
| Financial charges | 65/66B | €1,128,655 | €1,096,795 | -€31,860 | -2.8% |
| Recurring financial charges | 65 | €1,128,655 | €1,096,795 | -€31,860 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€682,714 | -€606,995 | +€75,719 | +11.1% |
| Profit (loss) for the period | 9904 | -€682,714 | -€606,995 | +€75,719 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€682,714 | -€606,995 | +€75,719 | +11.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.