DE VERDRONKEN WEIDE: 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 VERDRONKEN WEIDE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€28,754
2025 · €112,131-€140,885
Equity
€1.4m
2025 · €1.5m-€28,754
Cash
€310,244
2025 · €66,459+€243,785
Balance sheet total
€4.3m
2025 · €4.1m+€211,205
Largest movements
Assets
- Current investments -€417,115
down €417,115 (-72.9%), from €571,923 to €154,808
- Tangible fixed assets +€373,285
up €373,285 (+10.8%), from €3.4m to €3.8m
of which Land and buildings: +€382,487
- Cash +€243,785
up €243,785 (+367%), from €66,459 to €310,244
mainly Current investments (+€417,115) and Depreciation (+€222,488)
Equity and liabilities
- Debts after one year +€146,333
up €146,333 (+9.9%), from €1.5m to €1.6m
Income statement
- Gross operating margin -€80,343
down €80,343 (-18.0%), from €446,649 to €366,306
- Depreciation +€49,658
up €49,658 (+28.7%), from €172,830 to €222,488
- Taxes -€23,275
down €23,275 (-100%), from €23,275 to €0
- Financial charges -€22,695
down €22,695 (-18.8%), from €120,886 to €98,191
of which Non-recurring financial charges: -€16,454
From the 2025 result to the 2026 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 2025
€112,131
Gross operating margin
-€80,343
Depreciation
-€49,658
Other operating charges
+€1,115
Other operating items
-€59,985
Financial income
+€2,016
Financial charges
+€22,695
Taxes
+€23,275
Result 2026
-€28,754
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€260,138
Investment
-€178,666
Financing
+€162,312
Cash 2025
€66,459
From operations (derived)
+€260,138
Net result for the year
-€28,754
Depreciation
+€222,488
Receivables within one year
-€7,684
Deferred charges and accrued income
-€3,559
Provisions
-€4,505
Trade debts
+€34,104
Tax, wage and social debts
+€1,329
Other debts
+€43,104
Accrued charges and deferred income
+€3,615
Investment (derived)
-€178,666
Investment in fixed assets (net)
-€595,781
Current investments
+€417,115
Financing
+€162,312
Debts after one year
+€146,333
Current portion of long-term debt
+€15,980
Cash 2026
€310,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,115,991 | €4,327,196 | +€211,205 | +5.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,440,831 | €3,814,124 | +€373,293 | +10.8% |
| Tangible fixed assets | 22/27 | €3,440,831 | €3,814,116 | +€373,285 | +10.8% |
| Land and buildings | 22 | €3,414,120 | €3,796,607 | +€382,487 | +11.2% |
| Plant, machinery and equipment | 23 | €16,605 | €11,103 | -€5,502 | -33.1% |
| Furniture and vehicles | 24 | €10,107 | €6,407 | -€3,700 | -36.6% |
| Financial fixed assets | 28 | - | €8 | +€8 | |
| Current assets | 29/58 | €675,160 | €513,072 | -€162,088 | -24.0% |
| Amounts receivable within one year | 40/41 | €28,454 | €36,138 | +€7,684 | +27.0% |
| Trade receivables | 40 | €5,911 | €4,251 | -€1,660 | -28.1% |
| Other amounts receivable | 41 | €22,543 | €31,887 | +€9,344 | +41.4% |
| Current investments | 50/53 | €571,923 | €154,808 | -€417,115 | -72.9% |
| Cash at bank and in hand | 54/58 | €66,459 | €310,244 | +€243,785 | +367% |
| Deferred charges and accrued income | 490/1 | €8,324 | €11,882 | +€3,559 | +42.8% |
| Total equity and liabilities | 10/49 | €4,115,991 | €4,327,196 | +€211,205 | +5.1% |
| Equity | 10/15 | €1,454,243 | €1,425,489 | -€28,754 | -2.0% |
| Contributions | 10/11 | €496,000 | €496,000 | = | 0.0% |
| Capital | 10 | €496,000 | €496,000 | = | 0.0% |
| Issued capital | 100 | €496,000 | €496,000 | = | 0.0% |
| Reserves | 13 | €958,243 | €929,489 | -€28,754 | -3.0% |
| Non-distributable reserves | 130/1 | €49,600 | €49,600 | = | 0.0% |
| Legal reserve | 130 | €49,600 | €49,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €296,702 | €283,187 | -€13,515 | -4.6% |
| Distributable reserves | 133 | €611,942 | €596,703 | -€15,239 | -2.5% |
| Provisions and deferred taxes | 16 | €98,901 | €94,396 | -€4,505 | -4.6% |
| Deferred taxes | 168 | €98,901 | €94,396 | -€4,505 | -4.6% |
| Amounts payable | 17/49 | €2,562,848 | €2,807,311 | +€244,464 | +9.5% |
| Amounts payable after more than one year | 17 | €1,474,880 | €1,621,212 | +€146,333 | +9.9% |
| Financial debts | 170/4 | €1,474,880 | €1,621,212 | +€146,333 | +9.9% |
| Amounts payable within one year | 42/48 | €1,082,498 | €1,177,014 | +€94,516 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €131,095 | €147,074 | +€15,980 | +12.2% |
| Trade debts | 44 | €21,777 | €55,881 | +€34,104 | +157% |
| Suppliers | 440/4 | €21,777 | €55,881 | +€34,104 | +157% |
| Taxes, remuneration and social security | 45 | €19,981 | €21,310 | +€1,329 | +6.7% |
| Taxes | 450/3 | €19,981 | €21,310 | +€1,329 | +6.7% |
| Other amounts payable | 47/48 | €909,644 | €952,748 | +€43,104 | +4.7% |
| Accrued charges and deferred income | 492/3 | €5,470 | €9,085 | +€3,615 | +66.1% |
| Non-recurring operating income | 76A | €11,880 | - | -€11,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,830 | €222,488 | +€49,658 | +28.7% |
| Other operating charges | 640/8 | €41,917 | €40,802 | -€1,115 | -2.7% |
| Non-recurring operating charges | 66A | - | €59,985 | +€59,985 | |
| Gross operating margin | 9900 | €446,649 | €366,306 | -€80,343 | -18.0% |
| Operating profit (loss) | 9901 | €231,902 | €43,032 | -€188,871 | -81.4% |
| Financial income | 75/76B | €19,885 | €21,901 | +€2,016 | +10.1% |
| Recurring financial income | 75 | €13,540 | €14,289 | +€749 | +5.5% |
| Non-recurring financial income | 76B | €6,345 | €7,612 | +€1,267 | +20.0% |
| Financial charges | 65/66B | €120,886 | €98,191 | -€22,695 | -18.8% |
| Recurring financial charges | 65 | €99,704 | €93,464 | -€6,240 | -6.3% |
| Non-recurring financial charges | 66B | €21,182 | €4,727 | -€16,454 | -77.7% |
| Profit (loss) for the period before taxes | 9903 | €130,901 | -€33,259 | -€164,160 | |
| Transfer from deferred taxes | 780 | €4,505 | €4,505 | = | 0.0% |
| Income taxes | 67/77 | €23,275 | €0 | -€23,275 | -100% |
| Profit (loss) for the period | 9904 | €112,131 | -€28,754 | -€140,885 | |
| Transfer from tax-exempt reserves | 789 | €13,515 | €13,515 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €125,646 | -€15,239 | -€140,885 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.