Brechtsebaan: what changed
Two fiscal 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
Brechtsebaan
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,009
2024 · -€9,713+€13,722
Equity
€767,802
2024 · €763,793+€4,009
Cash
€19
2024 · €8+€11
Balance sheet total
€1.2m
2024 · €1.2m-€25,492
Largest movements
Assets
- Tangible fixed assets -€20,673
down €20,673 (-1.7%), from €1.2m to €1.2m
Equity and liabilities
- Debts after one year -€22,010
down €22,010 (-10.9%), from €201,522 to €179,512
Income statement
- Financial charges -€13,397
down €13,397 (-50.3%), from €26,613 to €13,215
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
-€9,713
Gross operating margin
+€317
Other operating charges
+€14
Financial income
-€7
Financial charges
+€13,397
Result 2025
€4,009
Cash bridge derived
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
+€21,069
Investment
€0
Financing
-€21,058
Cash 2024
€8
From operations (derived)
+€21,069
Net result for the year
+€4,009
Depreciation
+€20,673
Receivables within one year
+€4,834
Deferred charges and accrued income
-€3
Trade debts
-€1,019
Tax, wage and social debts
-€1,047
Other debts
-€6,377
Financing
-€21,058
Debts after one year
-€22,010
Current portion of long-term debt
+€952
Cash 2025
€19
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,221,256 | €1,195,763 | -€25,492 | -2.1% |
| Fixed assets | 21/28 | €1,215,601 | €1,194,928 | -€20,673 | -1.7% |
| Tangible fixed assets | 22/27 | €1,215,601 | €1,194,928 | -€20,673 | -1.7% |
| Land and buildings | 22 | €1,215,601 | €1,194,928 | -€20,673 | -1.7% |
| Current assets | 29/58 | €5,654 | €835 | -€4,820 | -85.2% |
| Amounts receivable within one year | 40/41 | €5,525 | €691 | -€4,834 | -87.5% |
| Trade receivables | 40 | €5,525 | €691 | -€4,834 | -87.5% |
| Cash at bank and in hand | 54/58 | €8 | €19 | +€11 | +147.6% |
| Deferred charges and accrued income | 490/1 | €122 | €125 | +€3 | +2.7% |
| Total equity and liabilities | 10/49 | €1,221,256 | €1,195,763 | -€25,492 | -2.1% |
| Equity | 10/15 | €763,793 | €767,802 | +€4,009 | +0.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Revaluation surpluses | 12 | €880,000 | €880,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,207 | -€172,198 | +€4,009 | +2.3% |
| Amounts payable | 17/49 | €457,462 | €427,961 | -€29,501 | -6.4% |
| Amounts payable after more than one year | 17 | €201,522 | €179,512 | -€22,010 | -10.9% |
| Financial debts | 170/4 | €201,522 | €179,512 | -€22,010 | -10.9% |
| Amounts payable within one year | 42/48 | €255,940 | €248,449 | -€7,491 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €21,058 | €22,010 | +€952 | +4.5% |
| Trade debts | 44 | €10,296 | €9,277 | -€1,019 | -9.9% |
| Suppliers | 440/4 | €10,296 | €9,277 | -€1,019 | -9.9% |
| Taxes, remuneration and social security | 45 | €1,362 | €315 | -€1,047 | -76.9% |
| Taxes | 450/3 | €1,362 | €315 | -€1,047 | -76.9% |
| Other amounts payable | 47/48 | €223,224 | €216,847 | -€6,377 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,673 | €20,673 | = | 0.0% |
| Other operating charges | 640/8 | €3,978 | €3,964 | -€14 | -0.4% |
| Gross operating margin | 9900 | €41,531 | €41,849 | +€317 | +0.8% |
| Operating profit (loss) | 9901 | €16,880 | €17,212 | +€331 | +2.0% |
| Financial income | 75/76B | €20 | €13 | -€7 | -36.2% |
| Recurring financial income | 75 | €20 | €13 | -€7 | -36.2% |
| Financial charges | 65/66B | €26,613 | €13,215 | -€13,397 | -50.3% |
| Recurring financial charges | 65 | €26,613 | €13,215 | -€13,397 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,713 | €4,009 | +€13,722 | |
| Profit (loss) for the period | 9904 | -€9,713 | €4,009 | +€13,722 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,713 | €4,009 | +€13,722 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.