Complex Estate: 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.
Complex Estate
Largest movements
- Receivables within one year +€8,524
up €8,524 (+48.1%), from €17,721 to €26,245
of which Other amounts receivable: +€15,108
- Cash -€8,111
down €8,111 (-100.0%), from €8,111 to €0
mainly Trade debts (-€10,154) and Advances received (-€9,147)
- Tangible fixed assets +€3,493
up €3,493 (+243.6%), from €1,434 to €4,927
of which Other tangible fixed assets: +€4,013
- Tax, wage and social debts +€12,544
up €12,544 (+353.4%), from €3,550 to €16,094
- Trade debts -€10,154
down €10,154 (-75.7%), from €13,416 to €3,262
- Advances received -€9,147
down €9,147 (-100.0%), from €9,147 to €0
- Reserves +€8,000
new in 2025: €8,000
- Short-term financial debts +€2,752
new in 2025: €2,752
- Gross operating margin +€17,533
up €17,533 (+1166.8%), from €1,503 to €19,035
- Taxes +€4,594
up €4,594 (+1335.7%), from €344 to €4,938
- Depreciation +€543
up €543 (+431.8%), from €126 to €668
- Other operating charges +€415
up €415 (+343.1%), from €121 to €536
- Financial income +€259
new in 2025: €259
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,868 | €31,829 | +€3,961 | +14.2% |
| Fixed assets | 21/28 | €1,434 | €4,927 | +€3,493 | +243.6% |
| Tangible fixed assets | 22/27 | €1,434 | €4,927 | +€3,493 | +243.6% |
| Furniture and vehicles | 24 | €1,434 | €914 | -€520 | -36.3% |
| Other tangible fixed assets | 26 | - | €4,013 | +€4,013 | |
| Current assets | 29/58 | €26,434 | €26,902 | +€468 | +1.8% |
| Amounts receivable within one year | 40/41 | €17,721 | €26,245 | +€8,524 | +48.1% |
| Trade receivables | 40 | €16,565 | €9,981 | -€6,584 | -39.7% |
| Other amounts receivable | 41 | €1,156 | €16,264 | +€15,108 | +1306.9% |
| Cash at bank and in hand | 54/58 | €8,111 | €0 | -€8,111 | -100.0% |
| Deferred charges and accrued income | 490/1 | €602 | €657 | +€55 | +9.1% |
| Total equity and liabilities | 10/49 | €27,868 | €31,829 | +€3,961 | +14.2% |
| Equity | 10/15 | -€918 | €9,420 | +€10,338 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €8,000 | +€8,000 | |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | -€1,918 | €420 | +€2,338 | |
| Amounts payable | 17/49 | €28,786 | €22,409 | -€6,377 | -22.2% |
| Amounts payable within one year | 42/48 | €28,786 | €22,108 | -€6,678 | -23.2% |
| Financial debts | 43 | - | €2,752 | +€2,752 | |
| Credit institutions | 430/8 | - | €2,752 | +€2,752 | |
| Trade debts | 44 | €13,416 | €3,262 | -€10,154 | -75.7% |
| Suppliers | 440/4 | €13,416 | €3,262 | -€10,154 | -75.7% |
| Advances received on contracts in progress | 46 | €9,147 | €0 | -€9,147 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,550 | €16,094 | +€12,544 | +353.4% |
| Taxes | 450/3 | €3,550 | €16,094 | +€12,544 | +353.4% |
| Other amounts payable | 47/48 | €2,673 | €0 | -€2,673 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €301 | +€301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €668 | +€543 | +431.8% |
| Other operating charges | 640/8 | €121 | €536 | +€415 | +343.1% |
| Gross operating margin | 9900 | €1,503 | €19,035 | +€17,533 | +1166.8% |
| Operating profit (loss) | 9901 | €1,256 | €17,831 | +€16,575 | +1319.7% |
| Financial income | 75/76B | - | €259 | +€259 | |
| Recurring financial income | 75 | - | €259 | +€259 | |
| Financial charges | 65/66B | €2,830 | €2,814 | -€16 | -0.6% |
| Recurring financial charges | 65 | €2,830 | €2,814 | -€16 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,574 | €15,276 | +€16,850 | |
| Income taxes | 67/77 | €344 | €4,938 | +€4,594 | +1335.7% |
| Profit (loss) for the period | 9904 | -€1,918 | €10,338 | +€12,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,918 | €10,338 | +€12,256 |
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 8 October 2026 via checked.be.