BY - GEBOUWEN: 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.
BY - GEBOUWEN
Largest movements
- Cash -€117,685
down €117,685 (-81.9%), from €143,679 to €25,994
mainly Tax, wage and social debts (-€83,380) and Debts after one year (-€43,143)
- Tangible fixed assets -€34,478
down €34,478 (-5.1%), from €671,313 to €636,835
of which Land and buildings: -€33,297
- Receivables within one year -€10,700
down €10,700 (-80.7%), from €13,266 to €2,566
of which Trade receivables: -€9,266
- Tax, wage and social debts -€83,380
down €83,380 (-96.9%), from €86,056 to €2,676
- Debts after one year -€43,143
down €43,143 (-10.4%), from €415,334 to €372,191
- Other debts -€27,399
down €27,399 (-13.2%), from €207,457 to €180,058
- Gross operating margin -€17,157
down €17,157 (-21.2%), from €81,010 to €63,853
- Financial charges -€13,580
down €13,580 (-37.4%), from €36,288 to €22,709
- Taxes -€10,071
down €10,071 (-85.2%), from €11,821 to €1,750
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 | €829,115 | €668,320 | -€160,795 | -19.4% |
| Fixed assets | 21/28 | €671,313 | €636,835 | -€34,478 | -5.1% |
| Tangible fixed assets | 22/27 | €671,313 | €636,835 | -€34,478 | -5.1% |
| Land and buildings | 22 | €666,644 | €633,347 | -€33,297 | -5.0% |
| Furniture and vehicles | 24 | €4,669 | €3,488 | -€1,181 | -25.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €157,802 | €31,485 | -€126,317 | -80.0% |
| Amounts receivable within one year | 40/41 | €13,266 | €2,566 | -€10,700 | -80.7% |
| Trade receivables | 40 | €9,266 | €0 | -€9,266 | -100% |
| Other amounts receivable | 41 | €4,000 | €2,566 | -€1,434 | -35.9% |
| Cash at bank and in hand | 54/58 | €143,679 | €25,994 | -€117,685 | -81.9% |
| Deferred charges and accrued income | 490/1 | €857 | €2,925 | +€2,068 | +241% |
| Total equity and liabilities | 10/49 | €829,115 | €668,320 | -€160,795 | -19.4% |
| Equity | 10/15 | €72,246 | €65,170 | -€7,076 | -9.8% |
| Contributions | 10/11 | €628 | €628 | = | 0.0% |
| Reserves | 13 | €65,797 | €58,721 | -€7,076 | -10.8% |
| Tax-exempt reserves | 132 | €7,404 | €0 | -€7,404 | -100% |
| Distributable reserves | 133 | €58,392 | €58,721 | +€328 | +0.6% |
| Profit (loss) carried forward | 14 | €5,821 | €5,821 | = | 0.0% |
| Amounts payable | 17/49 | €756,869 | €603,150 | -€153,719 | -20.3% |
| Amounts payable after more than one year | 17 | €415,334 | €372,191 | -€43,143 | -10.4% |
| Financial debts | 170/4 | €415,334 | €372,191 | -€43,143 | -10.4% |
| Amounts payable within one year | 42/48 | €341,535 | €230,959 | -€110,576 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €42,355 | €43,143 | +€788 | +1.9% |
| Trade debts | 44 | €5,666 | €5,082 | -€584 | -10.3% |
| Suppliers | 440/4 | €5,666 | €5,082 | -€584 | -10.3% |
| Taxes, remuneration and social security | 45 | €86,056 | €2,676 | -€83,380 | -96.9% |
| Taxes | 450/3 | €86,056 | €2,676 | -€83,380 | -96.9% |
| Other amounts payable | 47/48 | €207,457 | €180,058 | -€27,399 | -13.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €333 | €0 | -€333 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,798 | €34,478 | -€320 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,038 | €9,581 | +€543 | +6.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €81,010 | €63,853 | -€17,157 | -21.2% |
| Operating profit (loss) | 9901 | €36,841 | €19,794 | -€17,047 | -46.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €36,288 | €22,709 | -€13,580 | -37.4% |
| Recurring financial charges | 65 | €36,288 | €22,709 | -€13,580 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €553 | -€2,915 | -€3,467 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €11,821 | €1,750 | -€10,071 | -85.2% |
| Profit (loss) for the period | 9904 | -€11,269 | -€4,665 | +€6,604 | +58.6% |
| Transfer from tax-exempt reserves | 789 | €0 | €7,404 | +€7,404 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,269 | €2,739 | +€14,008 |
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 1 November 2026 via checked.be.