CONWETHO: what changed
Two financial 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
CONWETHO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,066
2024 · €14,966+€2,100
Equity
€532,618
2024 · €1.2m-€641,959
Cash
€172,810
2024 · €179,656-€6,846
Balance sheet total
€1.9m
2024 · €2.6m-€613,989
Largest movements
Assets
- Tangible fixed assets -€671,822
down €671,822 (-30.6%), from €2.2m to €1.5m
of which Other tangible fixed assets: -€602,010
- Receivables within one year +€62,061
up €62,061 (+34.9%), from €177,993 to €240,054
of which Other amounts receivable: +€62,061
Equity and liabilities
- Profit (loss) carried forward -€475,212
down €475,212 (-96.7%), from €491,378 to €16,166
- Revaluation surpluses -€145,948
down €145,948 (-24.3%), from €600,000 to €454,052
Income statement
- Other operating charges -€5,196
down €5,196 (-25.2%), from €20,649 to €15,453
- Services and other goods +€3,660
up €3,660 (+68.9%), from €5,312 to €8,972
- Financial charges +€3,216
up €3,216 (+14.6%), from €22,070 to €25,286
- Financial income +€1,643
up €1,643 (+41.1%), from €4,000 to €5,643
- Turnover +€1,093
up €1,093 (+1.4%), from €78,481 to €79,574
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
€14,966
Turnover
+€1,093
Services and other goods
-€3,660
Depreciation
+€841
Other operating charges
+€5,196
Other operating items
-€1
Financial income
+€1,643
Financial charges
-€3,216
Taxes
+€204
Result 2025
€17,066
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
-€6,847
Investment
+€659,026
Financing
-€659,025
Cash 2024
€179,656
From operations (derived)
-€6,847
Net result for the year
+€17,066
Depreciation
+€12,796
Receivables within one year
-€62,061
Deferred charges and accrued income
-€2,618
Trade debts
+€13,464
Other debts
+€25,503
Accrued charges and deferred income
-€10,997
Investment (derived)
+€659,026
Investment in fixed assets (net)
+€659,026
Financing
-€659,025
Contributions, distributions and other
-€659,025
Not broken down
-€1
Cash 2025
€172,810
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,552,391 | €1,938,402 | -€613,989 | -24.1% |
| Fixed assets | 21/28 | €2,193,393 | €1,521,572 | -€671,821 | -30.6% |
| Tangible fixed assets | 22/27 | €2,193,271 | €1,521,449 | -€671,822 | -30.6% |
| Land and buildings | 22 | €1,590,406 | €1,521,449 | -€68,957 | -4.3% |
| Plant, machinery and equipment | 23 | €855 | €0 | -€855 | -100% |
| Other tangible fixed assets | 26 | €602,010 | €0 | -€602,010 | -100% |
| Financial fixed assets | 28 | €122 | €122 | -€0 | -0.3% |
| Other financial fixed assets | 284/8 | €122 | €122 | -€0 | -0.3% |
| Amounts receivable and cash guarantees | 285/8 | €122 | €122 | -€0 | -0.3% |
| Current assets | 29/58 | €358,997 | €416,830 | +€57,833 | +16.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €177,993 | €240,054 | +€62,061 | +34.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €177,993 | €240,054 | +€62,061 | +34.9% |
| Cash at bank and in hand | 54/58 | €179,656 | €172,810 | -€6,846 | -3.8% |
| Deferred charges and accrued income | 490/1 | €1,348 | €3,966 | +€2,618 | +194% |
| Total equity and liabilities | 10/49 | €2,552,391 | €1,938,402 | -€613,989 | -24.1% |
| Equity | 10/15 | €1,174,577 | €532,618 | -€641,959 | -54.7% |
| Contributions | 10/11 | €64,864 | €61,500 | -€3,364 | -5.2% |
| Capital | 10 | €64,864 | €61,500 | -€3,364 | -5.2% |
| Issued capital | 100 | €64,864 | €61,500 | -€3,364 | -5.2% |
| Revaluation surpluses | 12 | €600,000 | €454,052 | -€145,948 | -24.3% |
| Reserves | 13 | €18,335 | €900 | -€17,435 | -95.1% |
| Non-distributable reserves | 130/1 | €6,686 | €900 | -€5,786 | -86.5% |
| Legal reserve | 130 | €6,686 | €900 | -€5,786 | -86.5% |
| Distributable reserves | 133 | €11,649 | €0 | -€11,649 | -100% |
| Profit (loss) carried forward | 14 | €491,378 | €16,166 | -€475,212 | -96.7% |
| Amounts payable | 17/49 | €1,377,814 | €1,405,784 | +€27,970 | +2.0% |
| Amounts payable within one year | 42/48 | €1,365,819 | €1,404,786 | +€38,967 | +2.9% |
| Trade debts | 44 | €3,789 | €17,253 | +€13,464 | +355% |
| Suppliers | 440/4 | €3,789 | €17,253 | +€13,464 | +355% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,362,030 | €1,387,533 | +€25,503 | +1.9% |
| Accrued charges and deferred income | 492/3 | €11,995 | €998 | -€10,997 | -91.7% |
| Operating income | 70/76A | €78,481 | €79,574 | +€1,093 | +1.4% |
| Turnover | 70 | €78,481 | €79,574 | +€1,093 | +1.4% |
| Other operating income | 74 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €39,598 | €37,221 | -€2,377 | -6.0% |
| Services and other goods | 61 | €5,312 | €8,972 | +€3,660 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,637 | €12,796 | -€841 | -6.2% |
| Other operating charges | 640/8 | €20,649 | €15,453 | -€5,196 | -25.2% |
| Operating profit (loss) | 9901 | €38,883 | €42,352 | +€3,469 | +8.9% |
| Financial income | 75/76B | €4,000 | €5,643 | +€1,643 | +41.1% |
| Recurring financial income | 75 | €4,000 | €5,643 | +€1,643 | +41.1% |
| Income from current assets | 751 | €4,000 | €5,643 | +€1,643 | +41.1% |
| Financial charges | 65/66B | €22,070 | €25,286 | +€3,216 | +14.6% |
| Recurring financial charges | 65 | €22,070 | €25,286 | +€3,216 | +14.6% |
| Debt charges | 650 | €21,809 | €24,951 | +€3,142 | +14.4% |
| Other financial charges | 652/9 | €261 | €335 | +€74 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €20,812 | €22,709 | +€1,897 | +9.1% |
| Income taxes | 67/77 | €5,847 | €5,643 | -€204 | -3.5% |
| Taxes | 670/3 | €5,847 | €5,700 | -€147 | -2.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €57 | +€57 | |
| Profit (loss) for the period | 9904 | €14,966 | €17,066 | +€2,100 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,966 | €17,066 | +€2,100 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.