DE BEYS: 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
DE BEYS
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
€135,907
2024 · €120,176+€15,731
Equity
€2.8m
2024 · €2.6m+€133,773
Cash
€15,249
2024 · €22,025-€6,776
Balance sheet total
€4.8m
2024 · €5.0m-€223,541
Largest movements
Assets
- Tangible fixed assets -€215,834
down €215,834 (-9.0%), from €2.4m to €2.2m
Equity and liabilities
- Debts after one year -€266,092
down €266,092 (-15.0%), from €1.8m to €1.5m
of which Financial debts: -€191,092
- Profit (loss) carried forward +€135,907
up €135,907 (+8.1%), from €1.7m to €1.8m
- Short-term financial debts -€67,999
down €67,999 (-23.2%), from €293,121 to €225,122
Income statement
- Gross operating margin +€77,784
up €77,784 (+26.6%), from €292,939 to €370,723
- Financial income -€50,000
down €50,000 (-55.6%), from €90,000 to €40,000
of which Financial income: -€50,000
- Taxes +€22,888
up €22,888 (+226.9%), from €10,089 to €32,977
- Financial charges -€14,532
down €14,532 (-33.1%), from €43,886 to €29,354
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
€120,176
Gross operating margin
+€77,784
Depreciation
-€1,838
Other operating charges
-€1,859
Financial income
-€50,000
Financial charges
+€14,532
Taxes
-€22,888
Result 2025
€135,907
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
+€272,944
Investment
+€50,953
Financing
-€330,673
Cash 2024
€22,025
From operations (derived)
+€272,944
Net result for the year
+€135,907
Depreciation
+€164,881
Receivables within one year
-€145
Deferred charges and accrued income
+€1,076
Trade debts
-€2,899
Tax, wage and social debts
+€12,888
Other debts
-€44,340
Accrued charges and deferred income
+€5,576
Investment (derived)
+€50,953
Investment in fixed assets (net)
+€50,953
Financing
-€330,673
Debts after one year
-€266,092
Current portion of long-term debt
+€5,552
Short-term financial debts
-€67,999
Contributions, distributions and other
-€2,134
Cash 2025
€15,249
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,028,762 | €4,805,221 | -€223,541 | -4.4% |
| Fixed assets | 21/28 | €4,374,127 | €4,158,293 | -€215,834 | -4.9% |
| Tangible fixed assets | 22/27 | €2,407,142 | €2,191,308 | -€215,834 | -9.0% |
| Land and buildings | 22 | €2,407,142 | €2,191,308 | -€215,834 | -9.0% |
| Financial fixed assets | 28 | €1,966,985 | €1,966,985 | = | 0.0% |
| Current assets | 29/58 | €654,635 | €646,928 | -€7,707 | -1.2% |
| Amounts receivable within one year | 40/41 | €1,250 | €1,395 | +€145 | +11.6% |
| Trade receivables | 40 | - | €145 | +€145 | |
| Other amounts receivable | 41 | €1,250 | €1,250 | = | 0.0% |
| Current investments | 50/53 | €625,054 | €625,054 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,025 | €15,249 | -€6,776 | -30.8% |
| Deferred charges and accrued income | 490/1 | €6,306 | €5,230 | -€1,076 | -17.1% |
| Total equity and liabilities | 10/49 | €5,028,762 | €4,805,221 | -€223,541 | -4.4% |
| Equity | 10/15 | €2,633,587 | €2,767,360 | +€133,773 | +5.1% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €717,500 | €717,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €717,500 | €717,500 | = | 0.0% |
| Legal reserve | 130 | €92,500 | €92,500 | = | 0.0% |
| Own shares acquired | 1312 | €625,000 | €625,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,670,635 | €1,806,542 | +€135,907 | +8.1% |
| Investment grants | 15 | €20,452 | €18,318 | -€2,134 | -10.4% |
| Amounts payable | 17/49 | €2,395,175 | €2,037,861 | -€357,314 | -14.9% |
| Amounts payable after more than one year | 17 | €1,776,853 | €1,510,761 | -€266,092 | -15.0% |
| Financial debts | 170/4 | €1,134,353 | €943,261 | -€191,092 | -16.8% |
| Other amounts payable | 178/9 | €642,500 | €567,500 | -€75,000 | -11.7% |
| Amounts payable within one year | 42/48 | €603,149 | €506,351 | -€96,798 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €185,540 | €191,092 | +€5,552 | +3.0% |
| Financial debts | 43 | €293,121 | €225,122 | -€67,999 | -23.2% |
| Other loans | 439 | €293,121 | €225,122 | -€67,999 | -23.2% |
| Trade debts | 44 | €6,437 | €3,538 | -€2,899 | -45.0% |
| Suppliers | 440/4 | €6,437 | €3,538 | -€2,899 | -45.0% |
| Taxes, remuneration and social security | 45 | €89 | €12,977 | +€12,888 | +14480.9% |
| Taxes | 450/3 | €89 | €12,977 | +€12,888 | +14480.9% |
| Other amounts payable | 47/48 | €117,962 | €73,622 | -€44,340 | -37.6% |
| Accrued charges and deferred income | 492/3 | €15,173 | €20,749 | +€5,576 | +36.7% |
| Non-recurring operating income | 76A | - | €45,236 | +€45,236 | |
| Goods, raw materials, services and sundry goods | 60/61 | €67,060 | €66,395 | -€665 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,043 | €164,881 | +€1,838 | +1.1% |
| Other operating charges | 640/8 | €45,745 | €47,604 | +€1,859 | +4.1% |
| Gross operating margin | 9900 | €292,939 | €370,723 | +€77,784 | +26.6% |
| Operating profit (loss) | 9901 | €84,151 | €158,238 | +€74,087 | +88.0% |
| Financial income | 75/76B | €90,000 | €40,000 | -€50,000 | -55.6% |
| Recurring financial income | 75 | €90,000 | €40,000 | -€50,000 | -55.6% |
| Non-recurring financial income | 76B | €90,000 | €40,000 | -€50,000 | -55.6% |
| Financial charges | 65/66B | €43,886 | €29,354 | -€14,532 | -33.1% |
| Recurring financial charges | 65 | €43,886 | €29,354 | -€14,532 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €130,265 | €168,884 | +€38,619 | +29.6% |
| Income taxes | 67/77 | €10,089 | €32,977 | +€22,888 | +226.9% |
| Profit (loss) for the period | 9904 | €120,176 | €135,907 | +€15,731 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €120,176 | €135,907 | +€15,731 | +13.1% |
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.