C.Y.: 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
C.Y.
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,421
2024 · €12,569-€2,148
Equity
€787,301
2024 · €776,880+€10,421
Cash
€11,217
2024 · €19,257-€8,039
Balance sheet total
€1.6m
2024 · €1.5m+€35,714
Largest movements
Assets
- Receivables within one year +€82,712
up €82,712 (+397.4%), from €20,814 to €103,526
of which Other amounts receivable: +€45,791
- Tangible fixed assets -€38,958
down €38,958 (-2.7%), from €1.4m to €1.4m
of which Land and buildings: -€37,120
Equity and liabilities
- Other debts +€60,356
up €60,356 (+150.8%), from €40,034 to €100,390
- Debts after one year -€27,530
down €27,530 (-5.0%), from €554,483 to €526,954
Income statement
- Gross operating margin +€11,985
up €11,985 (+11.8%), from €101,869 to €113,854
- Financial charges +€9,113
up €9,113 (+68.0%), from €13,400 to €22,512
- Financial income -€3,854
down €3,854 (-99.7%), from €3,865 to €10
- Taxes +€1,937
up €1,937 (+21.1%), from €9,186 to €11,123
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
€12,569
Gross operating margin
+€11,985
Staff costs
+€30
Depreciation
+€1,088
Other operating charges
-€346
Financial income
-€3,854
Financial charges
-€9,113
Taxes
-€1,937
Result 2025
€10,421
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
+€29,808
Investment
-€5,813
Financing
-€32,034
Cash 2024
€19,257
From operations (derived)
+€29,808
Net result for the year
+€10,421
Depreciation
+€44,771
Receivables within one year
-€82,712
Provisions
-€3,096
Trade debts
+€515
Tax, wage and social debts
-€898
Other debts
+€60,356
Accrued charges and deferred income
+€450
Investment (derived)
-€5,813
Investment in fixed assets (net)
-€5,813
Financing
-€32,034
Debts after one year
-€27,530
Current portion of long-term debt
-€4,505
Cash 2025
€11,217
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,526,434 | €1,562,148 | +€35,714 | +2.3% |
| Fixed assets | 21/28 | €1,463,363 | €1,424,405 | -€38,958 | -2.7% |
| Tangible fixed assets | 22/27 | €1,418,543 | €1,379,585 | -€38,958 | -2.7% |
| Land and buildings | 22 | €1,392,487 | €1,355,367 | -€37,120 | -2.7% |
| Plant, machinery and equipment | 23 | €24,781 | €23,849 | -€932 | -3.8% |
| Furniture and vehicles | 24 | €1,274 | €368 | -€906 | -71.1% |
| Financial fixed assets | 28 | €44,820 | €44,820 | = | 0.0% |
| Current assets | 29/58 | €63,071 | €137,743 | +€74,673 | +118.4% |
| Stocks and contracts in progress | 3 | €23,000 | €23,000 | = | 0.0% |
| Stocks | 30/36 | €23,000 | €23,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,814 | €103,526 | +€82,712 | +397.4% |
| Trade receivables | 40 | - | €36,921 | +€36,921 | |
| Other amounts receivable | 41 | €20,814 | €66,605 | +€45,791 | +220.0% |
| Cash at bank and in hand | 54/58 | €19,257 | €11,217 | -€8,039 | -41.7% |
| Total equity and liabilities | 10/49 | €1,526,434 | €1,562,148 | +€35,714 | +2.3% |
| Equity | 10/15 | €776,880 | €787,301 | +€10,421 | +1.3% |
| Contributions | 10/11 | €78,500 | €78,500 | = | 0.0% |
| Reserves | 13 | €544,481 | €554,902 | +€10,421 | +1.9% |
| Non-distributable reserves | 130/1 | €7,850 | €7,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,850 | €7,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €260,090 | €250,802 | -€9,288 | -3.6% |
| Distributable reserves | 133 | €276,541 | €296,250 | +€19,709 | +7.1% |
| Profit (loss) carried forward | 14 | €153,899 | €153,899 | = | 0.0% |
| Provisions and deferred taxes | 16 | €86,697 | €83,601 | -€3,096 | -3.6% |
| Deferred taxes | 168 | €86,697 | €83,601 | -€3,096 | -3.6% |
| Amounts payable | 17/49 | €662,857 | €691,246 | +€28,389 | +4.3% |
| Amounts payable after more than one year | 17 | €554,483 | €526,954 | -€27,530 | -5.0% |
| Financial debts | 170/4 | €554,483 | €526,954 | -€27,530 | -5.0% |
| Amounts payable within one year | 42/48 | €108,374 | €163,842 | +€55,469 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €37,914 | €33,409 | -€4,505 | -11.9% |
| Trade debts | 44 | €4,882 | €5,397 | +€515 | +10.6% |
| Suppliers | 440/4 | €4,882 | €5,397 | +€515 | +10.6% |
| Taxes, remuneration and social security | 45 | €25,545 | €24,647 | -€898 | -3.5% |
| Taxes | 450/3 | €20,457 | €15,152 | -€5,305 | -25.9% |
| Remuneration and social security | 454/9 | €5,088 | €9,495 | +€4,407 | +86.6% |
| Other amounts payable | 47/48 | €40,034 | €100,390 | +€60,356 | +150.8% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Remuneration, social security and pensions | 62 | €24,765 | €24,735 | -€30 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,859 | €44,771 | -€1,088 | -2.4% |
| Other operating charges | 640/8 | €3,052 | €3,398 | +€346 | +11.3% |
| Gross operating margin | 9900 | €101,869 | €113,854 | +€11,985 | +11.8% |
| Operating profit (loss) | 9901 | €28,194 | €40,950 | +€12,757 | +45.2% |
| Financial income | 75/76B | €3,865 | €10 | -€3,854 | -99.7% |
| Recurring financial income | 75 | €3,865 | €10 | -€3,854 | -99.7% |
| Financial charges | 65/66B | €13,400 | €22,512 | +€9,113 | +68.0% |
| Recurring financial charges | 65 | €13,400 | €22,512 | +€9,113 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €18,659 | €18,448 | -€211 | -1.1% |
| Transfer from deferred taxes | 780 | €3,096 | €3,096 | = | 0.0% |
| Income taxes | 67/77 | €9,186 | €11,123 | +€1,937 | +21.1% |
| Profit (loss) for the period | 9904 | €12,569 | €10,421 | -€2,148 | -17.1% |
| Transfer from tax-exempt reserves | 789 | €9,288 | €9,288 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,857 | €19,709 | -€2,148 | -9.8% |
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 4 October 2026 via checked.be.