CLOITRE III: 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 III
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
€600,389
2024 · €1.3m-€687,217
Equity
€17.2m
2024 · €17.2m+€63,094
Cash
€59,132
2024 · €256,324-€197,192
Balance sheet total
€31.2m
2024 · €32.1m-€910,914
Largest movements
Assets
- Tangible fixed assets -€502,602
down €502,602 (-11.3%), from €4.4m to €3.9m
of which Land and buildings: -€502,602
Equity and liabilities
- Debts after one year -€10.0m
no longer reported in 2025 (was €10.0m)
- Current portion of long-term debt +€10.0m
new in 2025: €10.0m
- Short-term financial debts -€545,625
down €545,625 (-28.1%), from €1.9m to €1.4m
- Other debts -€371,798
down €371,798 (-14.9%), from €2.5m to €2.1m
Income statement
- Other operating income -€707,483
down €707,483 (-50.2%), from €1.4m to €702,081
- Services and other goods +€190,505
up €190,505 (+14.9%), from €1.3m to €1.5m
- Taxes -€169,790
down €169,790 (-45.3%), from €375,159 to €205,369
of which Taxes: -€228,429
- Financial charges -€54,612
down €54,612 (-14.0%), from €389,264 to €334,652
- Turnover -€29,975
down €29,975 (-1.4%), from €2.1m to €2.1m
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
€1.3m
Turnover
-€29,975
Other operating income
-€707,483
Goods and materials
+€277
Services and other goods
-€190,505
Staff costs
-€10,464
Depreciation
+€10,106
Write-downs
+€27,418
Provisions
-€25,400
Other operating charges
+€12,169
Other operating items
+€2,935
Financial income
-€697
Financial charges
+€54,612
Taxes
+€169,790
Result 2025
€600,389
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
+€623,429
Investment
+€262,299
Financing
-€1.1m
Cash 2024
€256,324
From operations (derived)
+€623,429
Net result for the year
+€600,389
Depreciation
+€470,254
Smaller working-capital items
-€18,831
Provisions
+€25,400
Trade debts
+€137,134
Tax, wage and social debts
-€219,119
Other debts
-€371,798
Investment (derived)
+€262,299
Investment in fixed assets (net)
+€262,299
Financing
-€1.1m
Debts after one year
-€10.0m
Current portion of long-term debt
+€10.0m
Short-term financial debts
-€545,625
Contributions, distributions and other
-€537,295
Cash 2025
€59,132
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,135,215 | €31,224,301 | -€910,914 | -2.8% |
| Fixed assets | 21/28 | €30,471,717 | €29,739,164 | -€732,553 | -2.4% |
| Tangible fixed assets | 22/27 | €4,437,701 | €3,935,099 | -€502,602 | -11.3% |
| Land and buildings | 22 | €4,403,332 | €3,900,730 | -€502,602 | -11.4% |
| Other tangible fixed assets | 26 | €34,370 | €34,370 | = | 0.0% |
| Financial fixed assets | 28 | €26,034,016 | €25,804,065 | -€229,951 | -0.9% |
| Affiliated companies | 280/1 | €25,953,526 | €25,733,870 | -€219,656 | -0.8% |
| Participating interests | 280 | €440,978 | €440,978 | = | 0.0% |
| Amounts receivable | 281 | €25,512,548 | €25,292,893 | -€219,656 | -0.9% |
| Other financial fixed assets | 284/8 | €80,490 | €70,195 | -€10,295 | -12.8% |
| Amounts receivable and cash guarantees | 285/8 | €80,490 | €70,195 | -€10,295 | -12.8% |
| Current assets | 29/58 | €1,663,498 | €1,485,137 | -€178,361 | -10.7% |
| Stocks and contracts in progress | 3 | €16,558 | €16,558 | = | 0.0% |
| Stocks | 30/36 | €16,558 | €16,558 | = | 0.0% |
| Property held for sale | 35 | €16,558 | €16,558 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,388,860 | €1,409,446 | +€20,587 | +1.5% |
| Trade receivables | 40 | €39,811 | €28,067 | -€11,744 | -29.5% |
| Other amounts receivable | 41 | €1,349,049 | €1,381,380 | +€32,331 | +2.4% |
| Cash at bank and in hand | 54/58 | €256,324 | €59,132 | -€197,192 | -76.9% |
| Deferred charges and accrued income | 490/1 | €1,756 | - | -€1,756 | |
| Total equity and liabilities | 10/49 | €32,135,215 | €31,224,301 | -€910,914 | -2.8% |
| Equity | 10/15 | €17,158,845 | €17,221,939 | +€63,094 | +0.4% |
| Contributions | 10/11 | €6,366,089 | €6,366,089 | = | 0.0% |
| Capital | 10 | €6,239,870 | €6,239,870 | = | 0.0% |
| Issued capital | 100 | €6,239,870 | €6,239,870 | = | 0.0% |
| Outside capital | 11 | €126,219 | €126,219 | = | 0.0% |
| Share premium | 1100/10 | €126,219 | €126,219 | = | 0.0% |
| Revaluation surpluses | 12 | €718,619 | €628,875 | -€89,744 | -12.5% |
| Reserves | 13 | €2,417,675 | €2,470,124 | +€52,449 | +2.2% |
| Non-distributable reserves | 130/1 | €623,987 | €623,987 | = | 0.0% |
| Legal reserve | 130 | €623,987 | €623,987 | = | 0.0% |
| Distributable reserves | 133 | €1,793,688 | €1,846,137 | +€52,449 | +2.9% |
| Profit (loss) carried forward | 14 | €7,656,461 | €7,756,850 | +€100,389 | +1.3% |
| Provisions and deferred taxes | 16 | - | €25,400 | +€25,400 | |
| Provisions for liabilities and charges | 160/5 | - | €25,400 | +€25,400 | |
| Other liabilities and charges | 164/5 | - | €25,400 | +€25,400 | |
| Amounts payable | 17/49 | €14,976,370 | €13,976,962 | -€999,408 | -6.7% |
| Amounts payable after more than one year | 17 | €10,000,000 | - | -€10.0m | |
| Financial debts | 170/4 | €10,000,000 | - | -€10.0m | |
| Credit institutions | 173 | €10,000,000 | - | -€10.0m | |
| Amounts payable within one year | 42/48 | €4,976,370 | €13,976,962 | +€9.0m | +180.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000,000 | +€10.0m | |
| Financial debts | 43 | €1,942,162 | €1,396,537 | -€545,625 | -28.1% |
| Other loans | 439 | €1,942,162 | €1,396,537 | -€545,625 | -28.1% |
| Trade debts | 44 | €101,101 | €238,235 | +€137,134 | +135.6% |
| Suppliers | 440/4 | €101,101 | €238,235 | +€137,134 | +135.6% |
| Taxes, remuneration and social security | 45 | €429,514 | €210,395 | -€219,119 | -51.0% |
| Taxes | 450/3 | €415,008 | €195,114 | -€219,894 | -53.0% |
| Remuneration and social security | 454/9 | €14,506 | €15,281 | +€775 | +5.3% |
| Other amounts payable | 47/48 | €2,503,593 | €2,131,795 | -€371,798 | -14.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €3,540,730 | €2,810,021 | -€730,709 | -20.6% |
| Turnover | 70 | €2,131,166 | €2,101,191 | -€29,975 | -1.4% |
| Other operating income | 74 | €1,409,564 | €702,081 | -€707,483 | -50.2% |
| Non-recurring operating income | 76A | - | €6,750 | +€6,750 | |
| Operating charges | 60/66A | €2,392,273 | €2,572,487 | +€180,214 | +7.5% |
| Goods for resale, raw materials and consumables | 60 | €277 | - | -€277 | |
| Purchases | 600/8 | €277 | - | -€277 | |
| Services and other goods | 61 | €1,280,306 | €1,470,811 | +€190,505 | +14.9% |
| Remuneration, social security and pensions | 62 | €218,238 | €228,702 | +€10,464 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480,360 | €470,254 | -€10,106 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,668 | €18,251 | -€27,418 | -60.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €25,400 | +€25,400 | |
| Other operating charges | 640/8 | €367,424 | €355,255 | -€12,169 | -3.3% |
| Non-recurring operating charges | 66A | - | €3,815 | +€3,815 | |
| Operating profit (loss) | 9901 | €1,148,457 | €237,535 | -€910,922 | -79.3% |
| Financial income | 75/76B | €903,572 | €902,875 | -€697 | -0.1% |
| Recurring financial income | 75 | €903,572 | €902,875 | -€697 | -0.1% |
| Income from financial fixed assets | 750 | €864,145 | €862,808 | -€1,336 | -0.2% |
| Income from current assets | 751 | €39,287 | €40,067 | +€780 | +2.0% |
| Other financial income | 752/9 | €140 | - | -€140 | |
| Financial charges | 65/66B | €389,264 | €334,652 | -€54,612 | -14.0% |
| Recurring financial charges | 65 | €389,264 | €334,652 | -€54,612 | -14.0% |
| Debt charges | 650 | €385,027 | €330,594 | -€54,433 | -14.1% |
| Other financial charges | 652/9 | €4,237 | €4,058 | -€179 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €1,662,765 | €805,758 | -€857,007 | -51.5% |
| Income taxes | 67/77 | €375,159 | €205,369 | -€169,790 | -45.3% |
| Taxes | 670/3 | €433,798 | €205,369 | -€228,429 | -52.7% |
| Tax adjustments and reversals of tax provisions | 77 | €58,639 | - | -€58,639 | |
| Profit (loss) for the period | 9904 | €1,287,605 | €600,389 | -€687,217 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,287,605 | €600,389 | -€687,217 | -53.4% |
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 1 October 2026 via checked.be.