CLOITRE II: 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
CLOITRE II
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€87,347
2024 · €70,728+€16,619
Equity
€1.9m
2024 · €1.8m+€87,347
Cash
€22,277
2024 · €59,131-€36,854
Balance sheet total
€8.8m
2024 · €9.0m-€225,662
Largest movements
Assets
- Tangible fixed assets -€238,593
down €238,593 (-3.6%), from €6.6m to €6.3m
of which Land and buildings: -€212,246
Equity and liabilities
- Debts after one year -€316,522
down €316,522 (-4.6%), from €6.9m to €6.6m
Income statement
- Services and other goods +€60,479
up €60,479 (+23.9%), from €252,687 to €313,165
- Turnover +€52,525
up €52,525 (+6.7%), from €779,287 to €831,812
- Other operating income +€16,759
up €16,759 (+511.4%), from €3,277 to €20,036
- Financial charges -€9,712
down €9,712 (-5.4%), from €178,963 to €169,251
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
€70,728
Turnover
+€52,525
Other operating income
+€16,759
Services and other goods
-€60,479
Write-downs
+€5,960
Provisions
-€7,200
Other operating charges
-€2,095
Other operating items
-€3
Financial income
+€1,440
Financial charges
+€9,712
Result 2025
€87,347
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
+€343,682
Investment
-€68,304
Financing
-€312,231
Cash 2024
€59,131
From operations (derived)
+€343,682
Net result for the year
+€87,347
Depreciation
+€238,593
Receivables within one year
+€11,553
Deferred charges and accrued income
+€6,967
Provisions
+€7,200
Trade debts
-€8,427
Smaller working-capital items
+€449
Investment (derived)
-€68,304
Investment in fixed assets (net)
-€68,304
Financing
-€312,231
Debts after one year
-€316,522
Current portion of long-term debt
+€4,290
Cash 2025
€22,277
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,976,406 | €8,750,744 | -€225,662 | -2.5% |
| Fixed assets | 21/28 | €8,889,758 | €8,719,470 | -€170,288 | -1.9% |
| Tangible fixed assets | 22/27 | €6,566,449 | €6,327,856 | -€238,593 | -3.6% |
| Land and buildings | 22 | €6,414,785 | €6,202,539 | -€212,246 | -3.3% |
| Plant, machinery and equipment | 23 | €151,664 | €125,317 | -€26,347 | -17.4% |
| Financial fixed assets | 28 | €2,323,310 | €2,391,614 | +€68,304 | +2.9% |
| Affiliated companies | 280/1 | €2,323,060 | €2,391,364 | +€68,304 | +2.9% |
| Amounts receivable | 281 | €2,323,060 | €2,391,364 | +€68,304 | +2.9% |
| Other financial fixed assets | 284/8 | €250 | €250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €86,647 | €31,274 | -€55,374 | -63.9% |
| Amounts receivable within one year | 40/41 | €11,913 | €360 | -€11,553 | -97.0% |
| Trade receivables | 40 | €11,913 | €358 | -€11,555 | -97.0% |
| Other amounts receivable | 41 | €0 | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €59,131 | €22,277 | -€36,854 | -62.3% |
| Deferred charges and accrued income | 490/1 | €15,603 | €8,636 | -€6,967 | -44.6% |
| Total equity and liabilities | 10/49 | €8,976,406 | €8,750,744 | -€225,662 | -2.5% |
| Equity | 10/15 | €1,785,856 | €1,873,203 | +€87,347 | +4.9% |
| Contributions | 10/11 | €2,770,000 | €2,770,000 | = | 0.0% |
| Capital | 10 | €2,770,000 | €2,770,000 | = | 0.0% |
| Issued capital | 100 | €2,770,000 | €2,770,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€984,144 | -€896,797 | +€87,347 | +8.9% |
| Provisions and deferred taxes | 16 | - | €7,200 | +€7,200 | |
| Provisions for liabilities and charges | 160/5 | - | €7,200 | +€7,200 | |
| Other liabilities and charges | 164/5 | - | €7,200 | +€7,200 | |
| Amounts payable | 17/49 | €7,190,550 | €6,870,341 | -€320,209 | -4.5% |
| Amounts payable after more than one year | 17 | €6,904,505 | €6,587,984 | -€316,522 | -4.6% |
| Financial debts | 170/4 | €6,904,505 | €6,587,984 | -€316,522 | -4.6% |
| Subordinated loans | 170 | €839,517 | €737,955 | -€101,562 | -12.1% |
| Credit institutions | 173 | €6,064,988 | €5,850,029 | -€214,960 | -3.5% |
| Amounts payable within one year | 42/48 | €286,045 | €282,357 | -€3,688 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €210,670 | €214,960 | +€4,290 | +2.0% |
| Trade debts | 44 | €75,110 | €66,682 | -€8,427 | -11.2% |
| Suppliers | 440/4 | €75,110 | €66,682 | -€8,427 | -11.2% |
| Taxes, remuneration and social security | 45 | €0 | €46 | +€46 | |
| Taxes | 450/3 | €0 | €46 | +€46 | |
| Other amounts payable | 47/48 | €266 | €669 | +€403 | +151.6% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Operating income | 70/76A | €782,567 | €851,848 | +€69,281 | +8.9% |
| Turnover | 70 | €779,287 | €831,812 | +€52,525 | +6.7% |
| Other operating income | 74 | €3,277 | €20,036 | +€16,759 | +511.4% |
| Non-recurring operating income | 76A | €3 | €0 | -€3 | -100.0% |
| Operating charges | 60/66A | €599,741 | €663,555 | +€63,814 | +10.6% |
| Services and other goods | 61 | €252,687 | €313,165 | +€60,479 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,593 | €238,593 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €648 | -€5,312 | -€5,960 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,200 | +€7,200 | |
| Other operating charges | 640/8 | €107,813 | €109,909 | +€2,095 | +1.9% |
| Operating profit (loss) | 9901 | €182,827 | €188,294 | +€5,467 | +3.0% |
| Financial income | 75/76B | €66,864 | €68,304 | +€1,440 | +2.2% |
| Recurring financial income | 75 | €66,864 | €68,304 | +€1,440 | +2.2% |
| Income from financial fixed assets | 750 | €66,530 | €68,304 | +€1,774 | +2.7% |
| Income from current assets | 751 | €334 | €0 | -€334 | -100.0% |
| Financial charges | 65/66B | €178,963 | €169,251 | -€9,712 | -5.4% |
| Recurring financial charges | 65 | €178,963 | €169,251 | -€9,712 | -5.4% |
| Debt charges | 650 | €177,281 | €167,714 | -€9,567 | -5.4% |
| Other financial charges | 652/9 | €1,682 | €1,537 | -€145 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €70,728 | €87,347 | +€16,619 | +23.5% |
| Profit (loss) for the period | 9904 | €70,728 | €87,347 | +€16,619 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,728 | €87,347 | +€16,619 | +23.5% |
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 7 October 2026 via checked.be.