Cercle Les Eaux Vives: what changed
What changed
Cercle Les Eaux Vives
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€54,871
2024 · -€59,507+€114,378
Equity
€437,747
2024 · €382,876+€54,871
Cash
€42,203
2024 · €82,742-€40,539
Balance sheet total
€872,285
2024 · €510,865+€361,420
Largest movements
Assets
- Tangible fixed assets +€326,552
up €326,552 (+83.6%), from €390,756 to €717,308
of which Other tangible fixed assets: +€366,307
- Receivables within one year +€76,175
up €76,175 (+338%), from €22,549 to €98,724
of which Trade receivables: +€74,975
- Cash -€40,539
down €40,539 (-49.0%), from €82,742 to €42,203
mainly Investment in fixed assets (net) (-€401,159) and Receivables within one year (-€76,175)
Equity and liabilities
- Debts after one year +€223,986
new in 2025: €223,986
- Profit (loss) carried forward +€54,871
up €54,871 (+14.3%), from €382,876 to €437,747
- Trade debts +€52,743
up €52,743 (+147%), from €35,863 to €88,606
- Tax, wage and social debts +€17,820
up €17,820 (+19.3%), from €92,126 to €109,946
of which Remuneration and social security: +€9,832
- Provisions +€12,000
new in 2025: €12,000
Income statement
- Gross operating margin +€177,962
up €177,962 (+17.7%), from €1.0m to €1.2m
- Staff costs +€23,540
up €23,540 (+2.4%), from €981,952 to €1.0m
- Depreciation +€18,096
up €18,096 (+31.9%), from €56,716 to €74,812
- Write-downs +€14,116
new in 2025: €14,116
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€59,507
Gross operating margin
+€177,962
Staff costs
-€23,540
Depreciation
-€18,096
Write-downs
-€14,116
Other operating charges
+€1,119
Other operating items
-€9,295
Financial income
+€9
Financial charges
-€79
Taxes
+€414
Result 2025
€54,871
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€136,635
Investment
-€401,159
Financing
+€223,986
Cash 2024
€82,742
From operations (derived)
+€136,635
Net result for the year
+€54,871
Depreciation
+€74,812
Stocks and contracts
+€1,052
Receivables within one year
-€76,175
Deferred charges and accrued income
-€488
Provisions
+€12,000
Trade debts
+€52,743
Tax, wage and social debts
+€17,820
Investment (derived)
-€401,159
Investment in fixed assets (net)
-€401,159
Financing
+€223,986
Debts after one year
+€223,986
Cash 2025
€42,203
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €510,865 | €872,285 | +€361,420 | +70.7% |
| Fixed assets | 21/28 | €390,961 | €717,308 | +€326,347 | +83.5% |
| Tangible fixed assets | 22/27 | €390,756 | €717,308 | +€326,552 | +83.6% |
| Land and buildings | 22 | €219,689 | €214,113 | -€5,576 | -2.5% |
| Plant, machinery and equipment | 23 | €17,243 | €8,773 | -€8,470 | -49.1% |
| Furniture and vehicles | 24 | €62,575 | €36,866 | -€25,709 | -41.1% |
| Other tangible fixed assets | 26 | €91,249 | €457,556 | +€366,307 | +401% |
| Financial fixed assets | 28 | €205 | - | -€205 | |
| Current assets | 29/58 | €119,904 | €154,977 | +€35,073 | +29.3% |
| Stocks and contracts in progress | 3 | €10,797 | €9,745 | -€1,052 | -9.7% |
| Stocks | 30/36 | €10,797 | €9,745 | -€1,052 | -9.7% |
| Amounts receivable within one year | 40/41 | €22,549 | €98,724 | +€76,175 | +338% |
| Trade receivables | 40 | €22,549 | €97,524 | +€74,975 | +333% |
| Other amounts receivable | 41 | - | €1,200 | +€1,200 | |
| Cash at bank and in hand | 54/58 | €82,742 | €42,203 | -€40,539 | -49.0% |
| Deferred charges and accrued income | 490/1 | €3,817 | €4,305 | +€488 | +12.8% |
| Total equity and liabilities | 10/49 | €510,865 | €872,285 | +€361,420 | +70.7% |
| Equity | 10/15 | €382,876 | €437,747 | +€54,871 | +14.3% |
| Profit (loss) carried forward | 14 | €382,876 | €437,747 | +€54,871 | +14.3% |
| Provisions and deferred taxes | 16 | - | €12,000 | +€12,000 | |
| Provisions for liabilities and charges | 160/5 | - | €12,000 | +€12,000 | |
| Other liabilities and charges | 164/5 | - | €12,000 | +€12,000 | |
| Amounts payable | 17/49 | €127,989 | €422,538 | +€294,549 | +230% |
| Amounts payable after more than one year | 17 | - | €223,986 | +€223,986 | |
| Trade debts | 175 | - | €223,986 | +€223,986 | |
| Amounts payable within one year | 42/48 | €127,989 | €198,552 | +€70,563 | +55.1% |
| Trade debts | 44 | €35,863 | €88,606 | +€52,743 | +147% |
| Suppliers | 440/4 | €35,863 | €88,606 | +€52,743 | +147% |
| Taxes, remuneration and social security | 45 | €92,126 | €109,946 | +€17,820 | +19.3% |
| Taxes | 450/3 | €1,833 | €9,821 | +€7,988 | +436% |
| Remuneration and social security | 454/9 | €90,292 | €100,125 | +€9,832 | +10.9% |
| Non-recurring operating income | 76A | €5,116 | €25,906 | +€20,790 | +406% |
| Remuneration, social security and pensions | 62 | €981,952 | €1,005,492 | +€23,540 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,716 | €74,812 | +€18,096 | +31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,116 | +€14,116 | |
| Other operating charges | 640/8 | €9,766 | €8,647 | -€1,119 | -11.5% |
| Non-recurring operating charges | 66A | €16,674 | €13,969 | -€2,705 | -16.2% |
| Gross operating margin | 9900 | €1,006,514 | €1,184,476 | +€177,962 | +17.7% |
| Operating profit (loss) | 9901 | -€58,594 | €55,440 | +€114,034 | |
| Financial income | 75/76B | €24 | €33 | +€9 | +39.6% |
| Recurring financial income | 75 | €24 | €33 | +€9 | +39.6% |
| Financial charges | 65/66B | €189 | €269 | +€79 | +42.0% |
| Recurring financial charges | 65 | €189 | €269 | +€79 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,759 | €55,205 | +€113,964 | |
| Income taxes | 67/77 | €748 | €334 | -€414 | -55.4% |
| Profit (loss) for the period | 9904 | -€59,507 | €54,871 | +€114,378 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,507 | €54,871 | +€114,378 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.