ELEMENTS REAL ESTATE: 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.
ELEMENTS REAL ESTATE
Largest movements
- Cash -€48,265
down €48,265 (-100.0%), from €48,273 to €8
mainly Other debts (-€36,367) and Net result for the year (-€21,762)
- Receivables within one year -€10,216
down €10,216 (-6.6%), from €155,929 to €145,713
of which Other amounts receivable: -€10,216
- Other debts -€36,367
down €36,367 (-54.8%), from €66,367 to €30,000
- Profit (loss) carried forward -€21,762
down €21,762 (-84.1%), from -€25,879 to -€47,641
- Gross operating margin -€39,899
down €39,899, from €24,918 to -€14,981
- Financial charges -€12,558
down €12,558 (-66.9%), from €18,775 to €6,216
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,202 | €145,720 | -€58,481 | -28.6% |
| Current assets | 29/58 | €204,202 | €145,720 | -€58,481 | -28.6% |
| Amounts receivable within one year | 40/41 | €155,929 | €145,713 | -€10,216 | -6.6% |
| Trade receivables | 40 | €121,000 | €121,000 | = | 0.0% |
| Other amounts receivable | 41 | €34,929 | €24,713 | -€10,216 | -29.2% |
| Cash at bank and in hand | 54/58 | €48,273 | €8 | -€48,265 | -100.0% |
| Total equity and liabilities | 10/49 | €204,202 | €145,720 | -€58,481 | -28.6% |
| Equity | 10/15 | €10,676 | -€11,086 | -€21,762 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,555 | €16,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €347 | €347 | = | 0.0% |
| Reserves not available under the articles | 1311 | €347 | €347 | = | 0.0% |
| Distributable reserves | 133 | €16,209 | €16,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,879 | -€47,641 | -€21,762 | -84.1% |
| Amounts payable | 17/49 | €193,526 | €156,806 | -€36,720 | -19.0% |
| Amounts payable within one year | 42/48 | €193,526 | €156,806 | -€36,720 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | - | €472 | +€472 | |
| Suppliers | 440/4 | - | €472 | +€472 | |
| Taxes, remuneration and social security | 45 | €2,158 | €1,334 | -€825 | -38.2% |
| Taxes | 450/3 | €2,158 | €1,334 | -€825 | -38.2% |
| Other amounts payable | 47/48 | €66,367 | €30,000 | -€36,367 | -54.8% |
| Non-recurring operating income | 76A | €184,428 | - | -€184,428 | |
| Other operating charges | 640/8 | €657 | €564 | -€93 | -14.2% |
| Non-recurring operating charges | 66A | €31,439 | - | -€31,439 | |
| Gross operating margin | 9900 | €24,918 | -€14,981 | -€39,899 | |
| Operating profit (loss) | 9901 | -€7,179 | -€15,545 | -€8,367 | -117% |
| Financial income | 75/76B | €74 | - | -€74 | |
| Recurring financial income | 75 | €74 | - | -€74 | |
| Financial charges | 65/66B | €18,775 | €6,216 | -€12,558 | -66.9% |
| Recurring financial charges | 65 | €18,775 | €6,216 | -€12,558 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,879 | -€21,762 | +€4,118 | +15.9% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€25,879 | -€21,762 | +€4,118 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,879 | -€21,762 | +€4,118 | +15.9% |
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 20 October 2026 via checked.be.