EKB: 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
EKB
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
€21,361
2024 · €4,149+€17,211
Equity
€891,171
2024 · €869,810+€21,361
Cash
€43,991
2024 · €26,035+€17,956
Balance sheet total
€4.3m
2024 · €4.3m-€46,013
Largest movements
Assets
- Tangible fixed assets -€180,497
down €180,497 (-5.7%), from €3.2m to €3.0m
of which Land and buildings: -€178,115
- Receivables within one year +€116,531
up €116,531 (+36.2%), from €321,685 to €438,216
of which Trade receivables: +€116,531
Equity and liabilities
- Current portion of long-term debt -€591,777
down €591,777 (-63.2%), from €936,443 to €344,665
- Debts after one year +€351,995
up €351,995 (+15.4%), from €2.3m to €2.6m
- Short-term financial debts +€123,000
new in 2025: €123,000
- Tax, wage and social debts +€52,570
up €52,570 (+39.1%), from €134,359 to €186,930
of which Remuneration and social security: +€50,839
Income statement
- Gross operating margin +€33,057
up €33,057 (+3.0%), from €1.1m to €1.1m
- Staff costs +€29,773
up €29,773 (+3.6%), from €818,760 to €848,534
- Financial income +€21,045
up €21,045 (+304557.0%), from €7 to €21,052
of which Non-recurring financial income: +€21,050
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
€4,149
Gross operating margin
+€33,057
Staff costs
-€29,773
Depreciation
-€1,058
Other operating charges
-€1,101
Financial income
+€21,045
Financial charges
+€302
Taxes
+€2
Deferred taxes and other
-€5,263
Result 2025
€21,361
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
+€140,717
Investment
-€5,978
Financing
-€116,783
Cash 2024
€26,035
From operations (derived)
+€140,717
Net result for the year
+€21,361
Depreciation
+€186,475
Receivables within one year
-€116,531
Deferred charges and accrued income
+€3
Provisions
+€5,263
Trade debts
-€14,673
Tax, wage and social debts
+€52,570
Accrued charges and deferred income
+€6,249
Investment (derived)
-€5,978
Investment in fixed assets (net)
-€5,978
Financing
-€116,783
Debts after one year
+€351,995
Current portion of long-term debt
-€591,777
Short-term financial debts
+€123,000
Cash 2025
€43,991
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,345,226 | €4,299,213 | -€46,013 | -1.1% |
| Fixed assets | 21/28 | €3,997,502 | €3,817,006 | -€180,497 | -4.5% |
| Tangible fixed assets | 22/27 | €3,182,616 | €3,002,120 | -€180,497 | -5.7% |
| Land and buildings | 22 | €3,176,945 | €2,998,829 | -€178,115 | -5.6% |
| Furniture and vehicles | 24 | €5,672 | €3,290 | -€2,381 | -42.0% |
| Financial fixed assets | 28 | €814,886 | €814,886 | = | 0.0% |
| Current assets | 29/58 | €347,724 | €482,207 | +€134,484 | +38.7% |
| Amounts receivable within one year | 40/41 | €321,685 | €438,216 | +€116,531 | +36.2% |
| Trade receivables | 40 | €319,572 | €436,104 | +€116,531 | +36.5% |
| Other amounts receivable | 41 | €2,113 | €2,113 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,035 | €43,991 | +€17,956 | +69.0% |
| Deferred charges and accrued income | 490/1 | €3 | - | -€3 | |
| Total equity and liabilities | 10/49 | €4,345,226 | €4,299,213 | -€46,013 | -1.1% |
| Equity | 10/15 | €869,810 | €891,171 | +€21,361 | +2.5% |
| Contributions | 10/11 | €108,144 | €108,144 | = | 0.0% |
| Capital | 10 | €108,144 | €108,144 | = | 0.0% |
| Issued capital | 100 | €108,144 | €108,144 | = | 0.0% |
| Reserves | 13 | €757,516 | €777,453 | +€19,937 | +2.6% |
| Non-distributable reserves | 130/1 | €26,014 | €26,014 | = | 0.0% |
| Legal reserve | 130 | €26,014 | €26,014 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €15,788 | +€15,788 | |
| Distributable reserves | 133 | €731,502 | €735,652 | +€4,149 | +0.6% |
| Profit (loss) carried forward | 14 | €4,149 | €5,573 | +€1,424 | +34.3% |
| Provisions and deferred taxes | 16 | - | €5,263 | +€5,263 | |
| Deferred taxes | 168 | - | €5,263 | +€5,263 | |
| Amounts payable | 17/49 | €3,475,416 | €3,402,780 | -€72,636 | -2.1% |
| Amounts payable after more than one year | 17 | €2,282,759 | €2,634,754 | +€351,995 | +15.4% |
| Financial debts | 170/4 | €2,282,759 | €2,634,754 | +€351,995 | +15.4% |
| Amounts payable within one year | 42/48 | €1,190,656 | €759,776 | -€430,880 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €936,443 | €344,665 | -€591,777 | -63.2% |
| Financial debts | 43 | - | €123,000 | +€123,000 | |
| Credit institutions | 430/8 | - | €123,000 | +€123,000 | |
| Trade debts | 44 | €79,575 | €64,902 | -€14,673 | -18.4% |
| Suppliers | 440/4 | €79,575 | €64,902 | -€14,673 | -18.4% |
| Taxes, remuneration and social security | 45 | €134,359 | €186,930 | +€52,570 | +39.1% |
| Taxes | 450/3 | €55,120 | €56,852 | +€1,731 | +3.1% |
| Remuneration and social security | 454/9 | €79,239 | €130,078 | +€50,839 | +64.2% |
| Other amounts payable | 47/48 | €40,279 | €40,279 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,001 | €8,250 | +€6,249 | +312.3% |
| Remuneration, social security and pensions | 62 | €818,760 | €848,534 | +€29,773 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,417 | €186,475 | +€1,058 | +0.6% |
| Other operating charges | 640/8 | €25,396 | €26,497 | +€1,101 | +4.3% |
| Gross operating margin | 9900 | €1,092,228 | €1,125,285 | +€33,057 | +3.0% |
| Operating profit (loss) | 9901 | €62,655 | €63,780 | +€1,125 | +1.8% |
| Financial income | 75/76B | €7 | €21,052 | +€21,045 | +304557.0% |
| Recurring financial income | 75 | €7 | €2 | -€5 | -74.0% |
| Non-recurring financial income | 76B | - | €21,050 | +€21,050 | |
| Financial charges | 65/66B | €58,510 | €58,208 | -€302 | -0.5% |
| Recurring financial charges | 65 | €58,510 | €58,208 | -€302 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €4,152 | €26,624 | +€22,472 | +541.3% |
| Transfer to deferred taxes | 680 | - | €5,263 | +€5,263 | |
| Income taxes | 67/77 | €2 | €1 | -€2 | -74.9% |
| Profit (loss) for the period | 9904 | €4,149 | €21,361 | +€17,211 | +414.8% |
| Transfer to tax-exempt reserves | 689 | - | €15,788 | +€15,788 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,149 | €5,573 | +€1,424 | +34.3% |
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.