DWELLING: 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
DWELLING
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€680,931
2024 · €627,629+€53,302
Equity
€1.4m
2024 · €1.9m-€537,620
Cash
€1.3m
2024 · €1.6m-€302,279
Balance sheet total
€5.5m
2024 · €8.2m-€2.7m
Largest movements
Assets
- Tangible fixed assets -€1.9m
down €1.9m (-83.9%), from €2.3m to €371,913
of which Land and buildings: -€1.9m
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Cash -€302,279
down €302,279 (-18.7%), from €1.6m to €1.3m
mainly Debts after one year (-€1.2m) and Contributions, distributions and other (-€1.2m)
- Receivables after one year +€164,386
up €164,386 (+13.5%), from €1.2m to €1.4m
Equity and liabilities
- Debts after one year -€1.2m
down €1.2m (-91.1%), from €1.4m to €120,826
- Advances received -€725,001
down €725,001 (-56.9%), from €1.3m to €548,592
- Reserves -€389,069
down €389,069 (-26.6%), from €1.5m to €1.1m
of which Distributable reserves: -€389,069
- Short-term financial debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Investment grants -€148,551
down €148,551 (-91.3%), from €162,683 to €14,132
Income statement
- Staff costs +€210,398
up €210,398 (+16.5%), from €1.3m to €1.5m
- Gross operating margin +€142,485
up €142,485 (+6.1%), from €2.3m to €2.5m
- Depreciation -€81,857
down €81,857 (-32.5%), from €252,201 to €170,344
- Provisions -€38,187
down €38,187, from €16,417 to -€21,770
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
€627,629
Gross operating margin
+€142,485
Staff costs
-€210,398
Depreciation
+€81,857
Provisions
+€38,187
Other operating charges
-€2,152
Other operating items
+€22,565
Financial income
-€5,855
Financial charges
+€7,570
Taxes
-€20,956
Result 2025
€680,931
raises the resultlowers the resultnot broken down further in the accounts
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
+€122,148
Investment
+€2.3m
Financing
-€2.7m
Cash 2024
€1.6m
From operations (derived)
+€122,148
Net result for the year
+€680,931
Depreciation
+€170,344
Receivables after one year
-€164,386
Stocks and contracts
+€57,799
Receivables within one year
+€37,254
Deferred charges and accrued income
-€14,866
Provisions
-€21,770
Trade debts
+€146,035
Tax, wage and social debts
-€67,310
Advances received
-€725,001
Other debts
-€463
Accrued charges and deferred income
+€23,581
Investment (derived)
+€2.3m
Investment in fixed assets (net)
+€1.8m
Current investments
+€500,000
Financing
-€2.7m
Debts after one year
-€1.2m
Current portion of long-term debt
-€86,392
Short-term financial debts
-€150,000
Contributions, distributions and other
-€1.2m
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,152,343 | €5,491,271 | -€2.7m | -32.6% |
| Fixed assets | 21/28 | €2,530,368 | €587,377 | -€1.9m | -76.8% |
| Intangible fixed assets | 21 | €90,096 | €64,524 | -€25,572 | -28.4% |
| Tangible fixed assets | 22/27 | €2,315,613 | €371,913 | -€1.9m | -83.9% |
| Land and buildings | 22 | €1,861,943 | €0 | -€1.9m | -100% |
| Plant, machinery and equipment | 23 | €91,788 | €67,574 | -€24,213 | -26.4% |
| Furniture and vehicles | 24 | €361,883 | €304,339 | -€57,544 | -15.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €124,660 | €150,941 | +€26,281 | +21.1% |
| Current assets | 29/58 | €5,621,974 | €4,903,894 | -€718,080 | -12.8% |
| Amounts receivable after more than one year | 29 | €1,220,000 | €1,384,386 | +€164,386 | +13.5% |
| Other amounts receivable | 291 | €1,220,000 | €1,384,386 | +€164,386 | +13.5% |
| Stocks and contracts in progress | 3 | €491,212 | €433,413 | -€57,799 | -11.8% |
| Stocks | 30/36 | €7,285 | €7,025 | -€259 | -3.6% |
| Contracts in progress | 37 | €483,927 | €426,387 | -€57,540 | -11.9% |
| Amounts receivable within one year | 40/41 | €1,765,782 | €1,728,528 | -€37,254 | -2.1% |
| Trade receivables | 40 | €1,090,920 | €559,571 | -€531,349 | -48.7% |
| Other amounts receivable | 41 | €674,863 | €1,168,957 | +€494,095 | +73.2% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,615,236 | €1,312,957 | -€302,279 | -18.7% |
| Deferred charges and accrued income | 490/1 | €29,744 | €44,610 | +€14,866 | +50.0% |
| Total equity and liabilities | 10/49 | €8,152,343 | €5,491,271 | -€2.7m | -32.6% |
| Equity | 10/15 | €1,936,127 | €1,398,507 | -€537,620 | -27.8% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Capital | 10 | €310,000 | €310,000 | = | 0.0% |
| Issued capital | 100 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €1,463,443 | €1,074,375 | -€389,069 | -26.6% |
| Non-distributable reserves | 130/1 | €31,000 | €31,000 | = | 0.0% |
| Legal reserve | 130 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €1,432,443 | €1,043,375 | -€389,069 | -27.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €162,683 | €14,132 | -€148,551 | -91.3% |
| Provisions and deferred taxes | 16 | €95,750 | €73,980 | -€21,770 | -22.7% |
| Provisions for liabilities and charges | 160/5 | €95,750 | €73,980 | -€21,770 | -22.7% |
| Other liabilities and charges | 164/5 | €95,750 | €73,980 | -€21,770 | -22.7% |
| Amounts payable | 17/49 | €6,120,466 | €4,018,784 | -€2.1m | -34.3% |
| Amounts payable after more than one year | 17 | €1,362,957 | €120,826 | -€1.2m | -91.1% |
| Financial debts | 170/4 | €1,362,957 | €120,826 | -€1.2m | -91.1% |
| Amounts payable within one year | 42/48 | €4,755,328 | €3,872,196 | -€883,132 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €207,545 | €121,152 | -€86,392 | -41.6% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100% |
| Trade debts | 44 | €1,563,451 | €1,709,486 | +€146,035 | +9.3% |
| Suppliers | 440/4 | €1,563,451 | €1,709,486 | +€146,035 | +9.3% |
| Advances received on contracts in progress | 46 | €1,273,593 | €548,592 | -€725,001 | -56.9% |
| Taxes, remuneration and social security | 45 | €487,431 | €420,121 | -€67,310 | -13.8% |
| Taxes | 450/3 | €357,240 | €239,735 | -€117,505 | -32.9% |
| Remuneration and social security | 454/9 | €130,191 | €180,386 | +€50,195 | +38.6% |
| Other amounts payable | 47/48 | €1,073,309 | €1,072,846 | -€463 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,181 | €25,762 | +€23,581 | +1,081% |
| Non-recurring operating income | 76A | €462 | €38,057 | +€37,595 | +8,129% |
| Remuneration, social security and pensions | 62 | €1,275,766 | €1,486,164 | +€210,398 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252,201 | €170,344 | -€81,857 | -32.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,417 | -€21,770 | -€38,187 | |
| Other operating charges | 640/8 | €7,760 | €9,912 | +€2,152 | +27.7% |
| Non-recurring operating charges | 66A | €22,565 | €0 | -€22,565 | -100% |
| Gross operating margin | 9900 | €2,317,913 | €2,460,398 | +€142,485 | +6.1% |
| Operating profit (loss) | 9901 | €743,204 | €815,748 | +€72,544 | +9.8% |
| Financial income | 75/76B | €129,487 | €123,632 | -€5,855 | -4.5% |
| Recurring financial income | 75 | €129,487 | €123,632 | -€5,855 | -4.5% |
| Financial charges | 65/66B | €37,352 | €29,783 | -€7,570 | -20.3% |
| Recurring financial charges | 65 | €37,352 | €29,783 | -€7,570 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €835,339 | €909,597 | +€74,258 | +8.9% |
| Income taxes | 67/77 | €207,710 | €228,666 | +€20,956 | +10.1% |
| Profit (loss) for the period | 9904 | €627,629 | €680,931 | +€53,302 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €627,629 | €680,931 | +€53,302 | +8.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.