DEESSE: 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
DEESSE
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
€20,721
2024 · €61,120-€40,399
Equity
€973,360
2024 · €952,639+€20,721
Cash
€131,195
2024 · €156,975-€25,781
Balance sheet total
€3.5m
2024 · €4.9m-€1.4m
Largest movements
Assets
- Tangible fixed assets -€1.4m
down €1.4m (-29.9%), from €4.6m to €3.3m
of which Land and buildings: -€1.4m
Equity and liabilities
- Debts after one year -€1.4m
down €1.4m (-36.5%), from €3.7m to €2.4m
of which Other amounts payable: -€1.1m
Income statement
- Depreciation -€50,384
down €50,384 (-39.4%), from €127,770 to €77,386
- Financial charges -€29,192
down €29,192 (-17.0%), from €171,390 to €142,198
- Gross operating margin +€12,111
up €12,111 (+3.0%), from €402,972 to €415,083
- Taxes -€11,728
down €11,728 (-60.0%), from €19,546 to €7,818
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
€61,120
Gross operating margin
+€12,111
Depreciation
+€50,384
Other operating charges
+€1,581
Other operating items
-€145,956
Financial income
+€561
Financial charges
+€29,192
Taxes
+€11,728
Result 2025
€20,721
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
+€41,025
Investment
+€1.3m
Financing
-€1.4m
Cash 2024
€156,975
From operations (derived)
+€41,025
Net result for the year
+€20,721
Depreciation
+€77,386
Receivables after one year
+€12,102
Receivables within one year
-€30,672
Deferred charges and accrued income
-€41,134
Trade debts
-€6,461
Tax, wage and social debts
+€9,082
Investment (derived)
+€1.3m
Investment in fixed assets (net)
+€1.3m
Financing
-€1.4m
Debts after one year
-€1.4m
Current portion of long-term debt
-€19,446
Short-term financial debts
+€90
Cash 2025
€131,195
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,900,024 | €3,545,051 | -€1.4m | -27.7% |
| Fixed assets | 21/28 | €4,649,840 | €3,260,944 | -€1.4m | -29.9% |
| Tangible fixed assets | 22/27 | €4,646,567 | €3,257,671 | -€1.4m | -29.9% |
| Land and buildings | 22 | €4,645,802 | €3,252,314 | -€1.4m | -30.0% |
| Plant, machinery and equipment | 23 | €410 | €5,325 | +€4,915 | +1197.9% |
| Furniture and vehicles | 24 | €355 | €32 | -€323 | -91.0% |
| Financial fixed assets | 28 | €3,273 | €3,273 | = | 0.0% |
| Current assets | 29/58 | €250,184 | €284,107 | +€33,923 | +13.6% |
| Amounts receivable after more than one year | 29 | €41,198 | €29,096 | -€12,102 | -29.4% |
| Other amounts receivable | 291 | €41,198 | €29,096 | -€12,102 | -29.4% |
| Amounts receivable within one year | 40/41 | €29,177 | €59,849 | +€30,672 | +105.1% |
| Trade receivables | 40 | €18,723 | €9,395 | -€9,328 | -49.8% |
| Other amounts receivable | 41 | €10,454 | €50,454 | +€40,000 | +382.6% |
| Cash at bank and in hand | 54/58 | €156,975 | €131,195 | -€25,781 | -16.4% |
| Deferred charges and accrued income | 490/1 | €22,834 | €63,967 | +€41,134 | +180.1% |
| Total equity and liabilities | 10/49 | €4,900,024 | €3,545,051 | -€1.4m | -27.7% |
| Equity | 10/15 | €952,639 | €973,360 | +€20,721 | +2.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €891,139 | €911,860 | +€20,721 | +2.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €884,989 | €905,710 | +€20,721 | +2.3% |
| Amounts payable | 17/49 | €3,947,385 | €2,571,691 | -€1.4m | -34.9% |
| Amounts payable after more than one year | 17 | €3,720,936 | €2,361,977 | -€1.4m | -36.5% |
| Financial debts | 170/4 | €1,199,621 | €968,621 | -€230,999 | -19.3% |
| Other amounts payable | 178/9 | €2,521,315 | €1,393,355 | -€1.1m | -44.7% |
| Amounts payable within one year | 42/48 | €226,449 | €209,715 | -€16,734 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €192,219 | €172,773 | -€19,446 | -10.1% |
| Financial debts | 43 | €10,000 | €10,090 | +€90 | +0.9% |
| Credit institutions | 430/8 | €10,000 | €10,090 | +€90 | +0.9% |
| Trade debts | 44 | €8,472 | €2,012 | -€6,461 | -76.3% |
| Suppliers | 440/4 | €8,472 | €2,012 | -€6,461 | -76.3% |
| Taxes, remuneration and social security | 45 | €15,757 | €24,839 | +€9,082 | +57.6% |
| Taxes | 450/3 | €13,757 | €22,839 | +€9,082 | +66.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,770 | €77,386 | -€50,384 | -39.4% |
| Other operating charges | 640/8 | €23,876 | €22,295 | -€1,581 | -6.6% |
| Non-recurring operating charges | 66A | €88 | €146,045 | +€145,956 | +165053.0% |
| Gross operating margin | 9900 | €402,972 | €415,083 | +€12,111 | +3.0% |
| Operating profit (loss) | 9901 | €251,238 | €169,358 | -€81,881 | -32.6% |
| Financial income | 75/76B | €817 | €1,379 | +€561 | +68.7% |
| Recurring financial income | 75 | €817 | €1,379 | +€561 | +68.7% |
| Financial charges | 65/66B | €171,390 | €142,198 | -€29,192 | -17.0% |
| Recurring financial charges | 65 | €171,390 | €142,198 | -€29,192 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €80,666 | €28,538 | -€52,127 | -64.6% |
| Income taxes | 67/77 | €19,546 | €7,818 | -€11,728 | -60.0% |
| Profit (loss) for the period | 9904 | €61,120 | €20,721 | -€40,399 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,120 | €20,721 | -€40,399 | -66.1% |
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 30 September 2026 via checked.be.