BUSINESS PROSPERITY: 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
BUSINESS PROSPERITY
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€39,911
2024 · €706-€40,617
Equity
-€77,820
2024 · -€37,909-€39,911
Cash
€3,080
2024 · €70+€3,009
Balance sheet total
€502,797
2024 · €505,711-€2,914
Largest movements
Assets
- Deferred charges and accrued income -€6,230
down €6,230 (-92.4%), from €6,740 to €510
Equity and liabilities
- Profit (loss) carried forward -€39,911
down €39,911 (-105%), from -€38,009 to -€77,920
- Trade debts +€29,311
up €29,311 (+3,319%), from €883 to €30,194
- Other debts +€29,024
up €29,024 (+17.4%), from €166,836 to €195,860
- Debts after one year -€25,147
down €25,147 (-7.5%), from €333,568 to €308,421
- Short-term financial debts +€8,199
new in 2025: €8,199
Income statement
- Gross operating margin -€34,548
down €34,548 (-47.1%), from €73,339 to €38,791
- Depreciation +€7,198
up €7,198 (+54.4%), from €13,233 to €20,431
- Staff costs -€1,440
down €1,440 (-3.4%), from €42,143 to €40,703
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
€706
Gross operating margin
-€34,548
Staff costs
+€1,440
Depreciation
-€7,198
Other operating charges
+€358
Financial income
+€38
Financial charges
-€575
Taxes
-€132
Result 2025
-€39,911
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
+€37,788
Investment
-€16,685
Financing
-€18,093
Cash 2024
€70
From operations (derived)
+€37,788
Net result for the year
-€39,911
Depreciation
+€20,431
Receivables within one year
-€4,052
Deferred charges and accrued income
+€6,230
Trade debts
+€29,311
Tax, wage and social debts
-€3,201
Other debts
+€29,024
Accrued charges and deferred income
-€44
Investment (derived)
-€16,685
Investment in fixed assets (net)
-€16,685
Financing
-€18,093
Debts after one year
-€25,147
Current portion of long-term debt
-€1,144
Short-term financial debts
+€8,199
Cash 2025
€3,080
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,711 | €502,797 | -€2,914 | -0.6% |
| Fixed assets | 21/28 | €435,916 | €432,171 | -€3,745 | -0.9% |
| Tangible fixed assets | 22/27 | €435,916 | €432,171 | -€3,745 | -0.9% |
| Land and buildings | 22 | €429,221 | €430,232 | +€1,011 | +0.2% |
| Plant, machinery and equipment | 23 | €1,389 | €965 | -€423 | -30.5% |
| Furniture and vehicles | 24 | €5,307 | €974 | -€4,333 | -81.7% |
| Current assets | 29/58 | €69,794 | €70,626 | +€832 | +1.2% |
| Amounts receivable within one year | 40/41 | €62,984 | €67,036 | +€4,052 | +6.4% |
| Trade receivables | 40 | €62,005 | €55,302 | -€6,703 | -10.8% |
| Other amounts receivable | 41 | €979 | €11,735 | +€10,755 | +1,098% |
| Cash at bank and in hand | 54/58 | €70 | €3,080 | +€3,009 | +4,272% |
| Deferred charges and accrued income | 490/1 | €6,740 | €510 | -€6,230 | -92.4% |
| Total equity and liabilities | 10/49 | €505,711 | €502,797 | -€2,914 | -0.6% |
| Equity | 10/15 | -€37,909 | -€77,820 | -€39,911 | -105% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,009 | -€77,920 | -€39,911 | -105% |
| Amounts payable | 17/49 | €543,620 | €580,617 | +€36,997 | +6.8% |
| Amounts payable after more than one year | 17 | €333,568 | €308,421 | -€25,147 | -7.5% |
| Financial debts | 170/4 | €333,568 | €308,421 | -€25,147 | -7.5% |
| Amounts payable within one year | 42/48 | €209,636 | €271,825 | +€62,189 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €26,292 | €25,147 | -€1,144 | -4.4% |
| Financial debts | 43 | - | €8,199 | +€8,199 | |
| Credit institutions | 430/8 | - | €8,199 | +€8,199 | |
| Trade debts | 44 | €883 | €30,194 | +€29,311 | +3,319% |
| Suppliers | 440/4 | €883 | €30,194 | +€29,311 | +3,319% |
| Taxes, remuneration and social security | 45 | €15,626 | €12,425 | -€3,201 | -20.5% |
| Taxes | 450/3 | €6,844 | €3,084 | -€3,760 | -54.9% |
| Remuneration and social security | 454/9 | €8,781 | €9,341 | +€560 | +6.4% |
| Other amounts payable | 47/48 | €166,836 | €195,860 | +€29,024 | +17.4% |
| Accrued charges and deferred income | 492/3 | €415 | €371 | -€44 | -10.6% |
| Remuneration, social security and pensions | 62 | €42,143 | €40,703 | -€1,440 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,233 | €20,431 | +€7,198 | +54.4% |
| Other operating charges | 640/8 | €2,408 | €2,051 | -€358 | -14.9% |
| Gross operating margin | 9900 | €73,339 | €38,791 | -€34,548 | -47.1% |
| Operating profit (loss) | 9901 | €15,554 | -€24,394 | -€39,948 | |
| Financial income | 75/76B | €0 | €38 | +€38 | +34,509% |
| Recurring financial income | 75 | €0 | €38 | +€38 | +34,509% |
| Financial charges | 65/66B | €14,848 | €15,423 | +€575 | +3.9% |
| Recurring financial charges | 65 | €14,848 | €15,423 | +€575 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €706 | -€39,779 | -€40,485 | |
| Income taxes | 67/77 | - | €132 | +€132 | |
| Profit (loss) for the period | 9904 | €706 | -€39,911 | -€40,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €706 | -€39,911 | -€40,617 |
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 24 October 2026 via checked.be.