E-Properties: 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.
E-Properties
Largest movements
- Receivables within one year +€48,295
up €48,295 (+99.5%), from €48,523 to €96,818
of which Trade receivables: +€46,632
- Cash -€38,060
down €38,060 (-56.4%), from €67,450 to €29,389
mainly Receivables within one year (-€48,295) and Debts after one year (-€23,581)
- Stocks and contracts -€5,147
down €5,147 (-82.4%), from €6,247 to €1,100
- Profit (loss) carried forward +€40,080
up €40,080, from -€26,863 to €13,218
- Debts after one year -€23,581
down €23,581 (-28.2%), from €83,528 to €59,947
- Tax, wage and social debts -€18,965
down €18,965 (-79.1%), from €23,990 to €5,025
- Trade debts +€7,574
up €7,574 (+46.4%), from €16,316 to €23,890
- Gross operating margin +€69,369
up €69,369, from -€25,424 to €43,944
- Financial charges -€3,104
down €3,104 (-48.8%), from €6,360 to €3,255
of which Non-recurring financial charges: -€2,513
- Depreciation -€2,193
down €2,193 (-92.4%), from €2,373 to €180
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,714 | €336,509 | +€5,796 | +1.8% |
| Fixed assets | 21/28 | €6,030 | €5,850 | -€180 | -3.0% |
| Tangible fixed assets | 22/27 | €6,030 | €5,850 | -€180 | -3.0% |
| Furniture and vehicles | 24 | €6,030 | €5,850 | -€180 | -3.0% |
| Current assets | 29/58 | €324,684 | €330,660 | +€5,976 | +1.8% |
| Stocks and contracts in progress | 3 | €6,247 | €1,100 | -€5,147 | -82.4% |
| Stocks | 30/36 | €6,247 | €1,100 | -€5,147 | -82.4% |
| Amounts receivable within one year | 40/41 | €48,523 | €96,818 | +€48,295 | +99.5% |
| Trade receivables | 40 | €38,907 | €85,539 | +€46,632 | +119.9% |
| Other amounts receivable | 41 | €9,616 | €11,279 | +€1,663 | +17.3% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,450 | €29,389 | -€38,060 | -56.4% |
| Deferred charges and accrued income | 490/1 | €2,465 | €3,352 | +€887 | +36.0% |
| Total equity and liabilities | 10/49 | €330,714 | €336,509 | +€5,796 | +1.8% |
| Equity | 10/15 | €113,137 | €153,218 | +€40,080 | +35.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €110,000 | €110,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €110,000 | €110,000 | = | 0.0% |
| Other | 1319 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,863 | €13,218 | +€40,080 | |
| Amounts payable | 17/49 | €217,577 | €183,292 | -€34,285 | -15.8% |
| Amounts payable after more than one year | 17 | €83,528 | €59,947 | -€23,581 | -28.2% |
| Financial debts | 170/4 | €83,528 | €59,947 | -€23,581 | -28.2% |
| Amounts payable within one year | 42/48 | €134,049 | €123,344 | -€10,704 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €22,894 | €23,581 | +€687 | +3.0% |
| Trade debts | 44 | €16,316 | €23,890 | +€7,574 | +46.4% |
| Suppliers | 440/4 | €16,316 | €23,890 | +€7,574 | +46.4% |
| Taxes, remuneration and social security | 45 | €23,990 | €5,025 | -€18,965 | -79.1% |
| Taxes | 450/3 | €23,990 | €5,025 | -€18,965 | -79.1% |
| Other amounts payable | 47/48 | €70,849 | €70,849 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,373 | €180 | -€2,193 | -92.4% |
| Other operating charges | 640/8 | €721 | €623 | -€97 | -13.5% |
| Gross operating margin | 9900 | -€25,424 | €43,944 | +€69,369 | |
| Operating profit (loss) | 9901 | -€28,518 | €43,141 | +€71,659 | |
| Financial income | 75/76B | €224 | €165 | -€59 | -26.4% |
| Recurring financial income | 75 | €224 | €165 | -€59 | -26.4% |
| Financial charges | 65/66B | €6,360 | €3,255 | -€3,104 | -48.8% |
| Recurring financial charges | 65 | €3,847 | €3,255 | -€592 | -15.4% |
| Non-recurring financial charges | 66B | €2,513 | - | -€2,513 | |
| Profit (loss) for the period before taxes | 9903 | -€34,653 | €40,051 | +€74,704 | |
| Income taxes | 67/77 | €147 | -€29 | -€176 | |
| Profit (loss) for the period | 9904 | -€34,800 | €40,080 | +€74,881 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,800 | €40,080 | +€74,881 |
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 8 October 2026 via checked.be.