DE BONTE NEW GENERATION: 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
DE BONTE NEW GENERATION
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
€1.5m
2024 · €85.7m-€84.2m
Equity
€73.3m
2024 · €109.0m-€35.8m
Cash
€6.6m
2024 · €22.3m-€15.7m
Balance sheet total
€116.4m
2024 · €160.1m-€43.8m
Largest movements
Assets
- Cash -€15.7m
down €15.7m (-70.5%), from €22.3m to €6.6m
mainly Contributions, distributions and other (-€37.2m) and Short-term financial debts (-€6.6m)
- Financial fixed assets -€15.5m
down €15.5m (-27.4%), from €56.5m to €41.0m
of which Affiliated companies: -€15.5m
- Current investments -€7.8m
down €7.8m (-98.8%), from €7.9m to €97,211
of which Other investments: -€7.8m
- Receivables within one year -€4.4m
down €4.4m (-6.1%), from €73.0m to €68.6m
of which Other amounts receivable: -€3.2m
Equity and liabilities
- Reserves -€31.5m
down €31.5m (-33.3%), from €94.9m to €63.3m
of which Distributable reserves: -€31.5m
- Short-term financial debts -€6.6m
down €6.6m (-18.7%), from €35.1m to €28.5m
of which Other loans: -€6.6m
- Contributions -€4.2m
down €4.2m (-29.7%), from €14.2m to €10.0m
- Other debts +€2.7m
up €2.7m (+24.8%), from €10.8m to €13.5m
Income statement
- Financial income -€97.9m
down €97.9m (-97.4%), from €100.5m to €2.6m
- Financial charges -€12.0m
down €12.0m (-99.8%), from €12.1m to €23,804
of which Non-recurring financial charges: -€11.7m
- Turnover -€1.6m
down €1.6m (-77.4%), from €2.1m to €480,596
- Services and other goods -€1.5m
down €1.5m (-67.8%), from €2.2m to €712,824
- Other operating charges -€798,806
down €798,806 (-67.7%), from €1.2m to €380,911
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
€85.7m
Turnover
-€1.6m
Other operating income
-€377,554
Services and other goods
+€1.5m
Staff costs
+€593,129
Depreciation
+€37,608
Other operating charges
+€798,806
Financial income
-€97.9m
Financial charges
+€12.0m
Taxes
+€778,936
Result 2025
€1.5m
raises the resultlowers the result
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
+€5.6m
Investment
+€23.5m
Financing
-€44.8m
Cash 2024
€22.3m
From operations (derived)
+€5.6m
Net result for the year
+€1.5m
Depreciation
+€18,102
Receivables within one year
+€4.4m
Deferred charges and accrued income
+€45,942
Provisions
-€1.6m
Trade debts
-€992,521
Tax, wage and social debts
-€660,857
Other debts
+€2.7m
Accrued charges and deferred income
+€104,983
Investment (derived)
+€23.5m
Investment in fixed assets (net)
+€15.7m
Current investments
+€7.8m
Financing
-€44.8m
Debts after one year
-€282,910
Current portion of long-term debt
-€727,559
Short-term financial debts
-€6.6m
Contributions, distributions and other
-€37.2m
Cash 2025
€6.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,134,592 | €116,382,822 | -€43.8m | -27.3% |
| Fixed assets | 21/28 | €56,821,160 | €41,082,312 | -€15.7m | -27.7% |
| Tangible fixed assets | 22/27 | €306,321 | €35,374 | -€270,947 | -88.5% |
| Furniture and vehicles | 24 | €306,321 | €35,374 | -€270,947 | -88.5% |
| Financial fixed assets | 28 | €56,514,839 | €41,046,938 | -€15.5m | -27.4% |
| Affiliated companies | 280/1 | €56,464,839 | €40,996,938 | -€15.5m | -27.4% |
| Participating interests | 280 | €56,464,839 | €40,996,938 | -€15.5m | -27.4% |
| Other financial fixed assets | 284/8 | €50,000 | €50,000 | = | 0.0% |
| Shares | 284 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €103,313,431 | €75,300,509 | -€28.0m | -27.1% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €73,049,507 | €68,612,551 | -€4.4m | -6.1% |
| Trade receivables | 40 | €3,114,984 | €1,924,516 | -€1.2m | -38.2% |
| Other amounts receivable | 41 | €69,934,524 | €66,688,035 | -€3.2m | -4.6% |
| Current investments | 50/53 | €7,913,782 | €97,211 | -€7.8m | -98.8% |
| Own shares | 50 | €0 | - | = | |
| Other investments | 51/53 | €7,913,782 | €97,211 | -€7.8m | -98.8% |
| Cash at bank and in hand | 54/58 | €22,284,463 | €6,571,011 | -€15.7m | -70.5% |
| Deferred charges and accrued income | 490/1 | €50,679 | €4,737 | -€45,942 | -90.7% |
| Total equity and liabilities | 10/49 | €160,134,592 | €116,382,822 | -€43.8m | -27.3% |
| Equity | 10/15 | €109,016,666 | €73,265,734 | -€35.8m | -32.8% |
| Contributions | 10/11 | €14,163,957 | €9,956,355 | -€4.2m | -29.7% |
| Reserves | 13 | €94,852,709 | €63,309,379 | -€31.5m | -33.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Distributable reserves | 133 | €94,852,709 | €63,309,379 | -€31.5m | -33.3% |
| Provisions and deferred taxes | 16 | €1,554,119 | €0 | -€1.6m | -100% |
| Provisions for liabilities and charges | 160/5 | €1,554,119 | €0 | -€1.6m | -100% |
| Other liabilities and charges | 164/5 | €1,554,119 | €0 | -€1.6m | -100% |
| Amounts payable | 17/49 | €49,563,807 | €43,117,088 | -€6.4m | -13.0% |
| Amounts payable after more than one year | 17 | €282,910 | €0 | -€282,910 | -100% |
| Financial debts | 170/4 | €282,910 | €0 | -€282,910 | -100% |
| Credit institutions | 173 | €282,910 | €0 | -€282,910 | -100% |
| Amounts payable within one year | 42/48 | €49,280,897 | €43,012,104 | -€6.3m | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €1,010,468 | €282,910 | -€727,559 | -72.0% |
| Financial debts | 43 | €35,106,459 | €28,529,673 | -€6.6m | -18.7% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €35,106,459 | €28,529,673 | -€6.6m | -18.7% |
| Trade debts | 44 | €1,559,988 | €567,466 | -€992,521 | -63.6% |
| Suppliers | 440/4 | €1,559,988 | €567,466 | -€992,521 | -63.6% |
| Taxes, remuneration and social security | 45 | €782,101 | €121,245 | -€660,857 | -84.5% |
| Taxes | 450/3 | €202,061 | €0 | -€202,061 | -100% |
| Remuneration and social security | 454/9 | €580,040 | €121,245 | -€458,796 | -79.1% |
| Other amounts payable | 47/48 | €10,821,881 | €13,510,810 | +€2.7m | +24.8% |
| Accrued charges and deferred income | 492/3 | - | €104,983 | +€104,983 | |
| Operating income | 70/76A | €3,112,431 | €1,084,978 | -€2.0m | -65.1% |
| Turnover | 70 | €2,130,495 | €480,596 | -€1.6m | -77.4% |
| Other operating income | 74 | €981,936 | €604,382 | -€377,554 | -38.4% |
| Operating charges | 60/66A | €4,587,904 | €1,656,339 | -€2.9m | -63.9% |
| Services and other goods | 61 | €2,214,845 | €712,824 | -€1.5m | -67.8% |
| Remuneration, social security and pensions | 62 | €1,137,631 | €544,502 | -€593,129 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,711 | €18,102 | -€37,608 | -67.5% |
| Other operating charges | 640/8 | €1,179,717 | €380,911 | -€798,806 | -67.7% |
| Operating profit (loss) | 9901 | -€1,475,473 | -€571,361 | +€904,112 | +61.3% |
| Financial income | 75/76B | €100,480,455 | €2,580,567 | -€97.9m | -97.4% |
| Recurring financial income | 75 | €100,480,455 | €2,580,567 | -€97.9m | -97.4% |
| Income from financial fixed assets | 750 | €70,500,000 | €0 | -€70.5m | -100% |
| Income from current assets | 751 | €3,633,781 | €2,391,369 | -€1.2m | -34.2% |
| Other financial income | 752/9 | €26,346,674 | €189,198 | -€26.2m | -99.3% |
| Financial charges | 65/66B | €12,054,538 | €23,804 | -€12.0m | -99.8% |
| Recurring financial charges | 65 | €356,689 | €23,804 | -€332,885 | -93.3% |
| Debt charges | 650 | €349,776 | €21,281 | -€328,495 | -93.9% |
| Other financial charges | 652/9 | €6,913 | €2,522 | -€4,390 | -63.5% |
| Non-recurring financial charges | 66B | €11,697,849 | €0 | -€11.7m | -100% |
| Profit (loss) for the period before taxes | 9903 | €86,950,444 | €1,985,402 | -€85.0m | -97.7% |
| Income taxes | 67/77 | €1,283,512 | €504,576 | -€778,936 | -60.7% |
| Taxes | 670/3 | €1,283,512 | €504,965 | -€778,547 | -60.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €389 | +€389 | |
| Profit (loss) for the period | 9904 | €85,666,932 | €1,480,827 | -€84.2m | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,666,932 | €1,480,827 | -€84.2m | -98.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.