BUILDING DEVELOPMENT REAL ESTATE: 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.
BUILDING DEVELOPMENT REAL ESTATE
Largest movements
- Stocks and contracts -€177,346
down €177,346 (-10.0%), from €1.8m to €1.6m
- Receivables within one year -€70,136
down €70,136 (-34.8%), from €201,312 to €131,176
of which Trade receivables: -€69,071
- Cash -€42,789
down €42,789 (-24.7%), from €173,202 to €130,412
mainly Debts after one year (-€677,547) and Other debts (-€27,831)
- Debts after one year -€677,547
down €677,547 (-33.9%), from €2.0m to €1.3m
- Profit (loss) carried forward +€353,357
up €353,357, from -€198,098 to €155,259
- Tax, wage and social debts +€58,330
new in 2025: €58,330
- Other debts -€27,831
down €27,831 (-8.8%), from €317,663 to €289,832
- Gross operating margin +€382,632
up €382,632 (+263%), from €145,569 to €528,201
- Taxes +€58,330
new in 2025: €58,330
- Financial charges +€11,767
up €11,767 (+11.3%), from €104,454 to €116,221
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 | €2,152,574 | €1,862,303 | -€290,271 | -13.5% |
| Current assets | 29/58 | €2,152,574 | €1,862,303 | -€290,271 | -13.5% |
| Stocks and contracts in progress | 3 | €1,778,061 | €1,600,715 | -€177,346 | -10.0% |
| Stocks | 30/36 | €1,778,061 | €1,600,715 | -€177,346 | -10.0% |
| Amounts receivable within one year | 40/41 | €201,312 | €131,176 | -€70,136 | -34.8% |
| Trade receivables | 40 | €199,613 | €130,542 | -€69,071 | -34.6% |
| Other amounts receivable | 41 | €1,699 | €634 | -€1,065 | -62.7% |
| Cash at bank and in hand | 54/58 | €173,202 | €130,412 | -€42,789 | -24.7% |
| Total equity and liabilities | 10/49 | €2,152,574 | €1,862,303 | -€290,271 | -13.5% |
| Equity | 10/15 | -€191,898 | €161,459 | +€353,357 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,098 | €155,259 | +€353,357 | |
| Amounts payable | 17/49 | €2,344,472 | €1,700,843 | -€643,628 | -27.5% |
| Amounts payable after more than one year | 17 | €2,000,722 | €1,323,175 | -€677,547 | -33.9% |
| Financial debts | 170/4 | €2,000,722 | €1,323,175 | -€677,547 | -33.9% |
| Amounts payable within one year | 42/48 | €343,750 | €366,802 | +€23,052 | +6.7% |
| Trade debts | 44 | €26,087 | €18,640 | -€7,447 | -28.5% |
| Suppliers | 440/4 | €26,087 | €18,640 | -€7,447 | -28.5% |
| Taxes, remuneration and social security | 45 | - | €58,330 | +€58,330 | |
| Taxes | 450/3 | - | €58,330 | +€58,330 | |
| Other amounts payable | 47/48 | €317,663 | €289,832 | -€27,831 | -8.8% |
| Accrued charges and deferred income | 492/3 | - | €10,866 | +€10,866 | |
| Other operating charges | 640/8 | €1,363 | €523 | -€841 | -61.7% |
| Gross operating margin | 9900 | €145,569 | €528,201 | +€382,632 | +263% |
| Operating profit (loss) | 9901 | €144,206 | €527,678 | +€383,473 | +266% |
| Financial income | 75/76B | €84 | €230 | +€146 | +173% |
| Recurring financial income | 75 | €84 | €230 | +€146 | +173% |
| Financial charges | 65/66B | €104,454 | €116,221 | +€11,767 | +11.3% |
| Recurring financial charges | 65 | €104,454 | €116,221 | +€11,767 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €39,836 | €411,687 | +€371,852 | +933% |
| Income taxes | 67/77 | - | €58,330 | +€58,330 | |
| Profit (loss) for the period | 9904 | €39,836 | €353,357 | +€313,521 | +787% |
| Profit (loss) for the period to be appropriated | 9905 | €39,836 | €353,357 | +€313,521 | +787% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.