DE VOLKSLUST: 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 VOLKSLUST
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
€42,333
2024 · €33,489+€8,844
Equity
€723,842
2024 · €683,175+€40,667
Cash
€46,251
2024 · €95,159-€48,909
Balance sheet total
€2.7m
2024 · €2.7m-€23,635
Largest movements
Assets
- Cash -€48,909
down €48,909 (-51.4%), from €95,159 to €46,251
mainly Investment in fixed assets (net) (-€229,581) and Debts after one year (-€64,028)
Equity and liabilities
- Debts after one year -€64,028
down €64,028 (-3.5%), from €1.8m to €1.8m
of which Financial debts: -€131,287
- Reserves +€40,667
up €40,667 (+7.4%), from €551,175 to €591,842
of which Distributable reserves: +€40,667
Income statement
- Gross operating margin +€21,841
up €21,841 (+6.0%), from €362,973 to €384,814
- Depreciation +€16,865
up €16,865 (+9.0%), from €186,707 to €203,572
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
€33,489
Gross operating margin
+€21,841
Depreciation
-€16,865
Other operating charges
-€1,027
Financial income
+€38
Financial charges
+€3,678
Taxes
+€1,179
Result 2025
€42,333
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
+€251,331
Investment
-€229,581
Financing
-€70,658
Cash 2024
€95,159
From operations (derived)
+€251,331
Net result for the year
+€42,333
Depreciation
+€203,572
Receivables within one year
+€844
Smaller working-capital items
-€344
Tax, wage and social debts
+€1,000
Accrued charges and deferred income
+€3,925
Investment (derived)
-€229,581
Investment in fixed assets (net)
-€229,581
Financing
-€70,658
Debts after one year
-€64,028
Current portion of long-term debt
-€4,964
Contributions, distributions and other
-€1,666
Cash 2025
€46,251
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,676,885 | €2,653,250 | -€23,635 | -0.9% |
| Fixed assets | 21/28 | €2,571,046 | €2,597,055 | +€26,009 | +1.0% |
| Tangible fixed assets | 22/27 | €2,571,046 | €2,597,055 | +€26,009 | +1.0% |
| Land and buildings | 22 | €1,666,153 | €1,597,745 | -€68,407 | -4.1% |
| Plant, machinery and equipment | 23 | €5,030 | €7,178 | +€2,147 | +42.7% |
| Furniture and vehicles | 24 | €9,569 | €6,884 | -€2,686 | -28.1% |
| Other tangible fixed assets | 26 | €890,294 | €985,249 | +€94,955 | +10.7% |
| Current assets | 29/58 | €105,839 | €56,195 | -€49,644 | -46.9% |
| Amounts receivable within one year | 40/41 | €8,030 | €7,186 | -€844 | -10.5% |
| Trade receivables | 40 | €0 | €87 | +€87 | +124,271% |
| Other amounts receivable | 41 | €8,030 | €7,099 | -€931 | -11.6% |
| Cash at bank and in hand | 54/58 | €95,159 | €46,251 | -€48,909 | -51.4% |
| Deferred charges and accrued income | 490/1 | €2,649 | €2,758 | +€109 | +4.1% |
| Total equity and liabilities | 10/49 | €2,676,885 | €2,653,250 | -€23,635 | -0.9% |
| Equity | 10/15 | €683,175 | €723,842 | +€40,667 | +6.0% |
| Contributions | 10/11 | €132,000 | €132,000 | = | 0.0% |
| Capital | 10 | €132,000 | €132,000 | = | 0.0% |
| Issued capital | 100 | €132,000 | €132,000 | = | 0.0% |
| Reserves | 13 | €551,175 | €591,842 | +€40,667 | +7.4% |
| Non-distributable reserves | 130/1 | €13,200 | €13,200 | = | 0.0% |
| Legal reserve | 130 | €13,200 | €13,200 | = | 0.0% |
| Distributable reserves | 133 | €537,975 | €578,642 | +€40,667 | +7.6% |
| Amounts payable | 17/49 | €1,993,710 | €1,929,408 | -€64,302 | -3.2% |
| Amounts payable after more than one year | 17 | €1,829,730 | €1,765,702 | -€64,028 | -3.5% |
| Financial debts | 170/4 | €955,647 | €824,360 | -€131,287 | -13.7% |
| Other amounts payable | 178/9 | €874,083 | €941,342 | +€67,259 | +7.7% |
| Amounts payable within one year | 42/48 | €162,295 | €158,096 | -€4,198 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €136,251 | €131,287 | -€4,964 | -3.6% |
| Trade debts | 44 | €795 | €631 | -€164 | -20.6% |
| Suppliers | 440/4 | €795 | €631 | -€164 | -20.6% |
| Taxes, remuneration and social security | 45 | €22,320 | €23,320 | +€1,000 | +4.5% |
| Taxes | 450/3 | €22,320 | €23,320 | +€1,000 | +4.5% |
| Other amounts payable | 47/48 | €2,929 | €2,857 | -€71 | -2.4% |
| Accrued charges and deferred income | 492/3 | €1,685 | €5,610 | +€3,925 | +233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,707 | €203,572 | +€16,865 | +9.0% |
| Other operating charges | 640/8 | €42,469 | €43,496 | +€1,027 | +2.4% |
| Gross operating margin | 9900 | €362,973 | €384,814 | +€21,841 | +6.0% |
| Operating profit (loss) | 9901 | €133,797 | €137,746 | +€3,949 | +3.0% |
| Financial income | 75/76B | €141 | €178 | +€38 | +26.8% |
| Recurring financial income | 75 | €141 | €178 | +€38 | +26.8% |
| Financial charges | 65/66B | €87,302 | €83,624 | -€3,678 | -4.2% |
| Recurring financial charges | 65 | €87,302 | €83,624 | -€3,678 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €46,636 | €54,301 | +€7,665 | +16.4% |
| Income taxes | 67/77 | €13,147 | €11,968 | -€1,179 | -9.0% |
| Profit (loss) for the period | 9904 | €33,489 | €42,333 | +€8,844 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,489 | €42,333 | +€8,844 | +26.4% |
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 23 October 2026 via checked.be.