Erven & Wonen: 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.
Erven & Wonen
Largest movements
- Receivables after one year +€99,250
new in 2025: €99,250
- Tangible fixed assets +€96,419
up €96,419 (+233%), from €41,375 to €137,793
of which Land and buildings: +€99,180
- Cash -€49,080
down €49,080 (-78.8%), from €62,274 to €13,194
mainly Investment in fixed assets (net) (-€100,860) and Receivables after one year (-€99,250)
- Debts after one year +€87,419
up €87,419 (+611%), from €14,313 to €101,732
- Profit (loss) carried forward +€36,820
new in 2025: €36,820
- Current portion of long-term debt +€12,164
up €12,164 (+174%), from €6,998 to €19,162
- Tax, wage and social debts +€6,577
up €6,577 (+61.3%), from €10,727 to €17,304
- Trade debts +€4,142
up €4,142 (+82.6%), from €5,015 to €9,157
- Gross operating margin +€21,080
up €21,080 (+69.0%), from €30,559 to €51,639
- Taxes +€3,561
up €3,561 (+62.7%), from €5,680 to €9,242
- Depreciation +€2,184
up €2,184 (+96.7%), from €2,257 to €4,441
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 | €111,910 | €259,889 | +€147,979 | +132% |
| Fixed assets | 21/28 | €41,375 | €137,793 | +€96,419 | +233% |
| Tangible fixed assets | 22/27 | €41,375 | €137,793 | +€96,419 | +233% |
| Land and buildings | 22 | €32,649 | €131,829 | +€99,180 | +304% |
| Furniture and vehicles | 24 | €8,725 | €5,964 | -€2,761 | -31.6% |
| Current assets | 29/58 | €70,535 | €122,095 | +€51,560 | +73.1% |
| Amounts receivable after more than one year | 29 | - | €99,250 | +€99,250 | |
| Trade receivables | 290 | - | €99,250 | +€99,250 | |
| Amounts receivable within one year | 40/41 | €8,261 | €9,629 | +€1,367 | +16.6% |
| Trade receivables | 40 | €3,525 | €8,067 | +€4,542 | +129% |
| Other amounts receivable | 41 | €4,736 | €1,562 | -€3,175 | -67.0% |
| Cash at bank and in hand | 54/58 | €62,274 | €13,194 | -€49,080 | -78.8% |
| Deferred charges and accrued income | 490/1 | - | €23 | +€23 | |
| Total equity and liabilities | 10/49 | €111,910 | €259,889 | +€147,979 | +132% |
| Equity | 10/15 | €74,855 | €111,675 | +€36,820 | +49.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €73,855 | €73,855 | = | 0.0% |
| Distributable reserves | 133 | €73,855 | €73,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €36,820 | +€36,820 | |
| Amounts payable | 17/49 | €37,055 | €148,213 | +€111,159 | +300% |
| Amounts payable after more than one year | 17 | €14,313 | €101,732 | +€87,419 | +611% |
| Financial debts | 170/4 | €14,313 | €101,732 | +€87,419 | +611% |
| Amounts payable within one year | 42/48 | €22,741 | €45,623 | +€22,882 | +101% |
| Current portion of amounts payable after more than one year | 42 | €6,998 | €19,162 | +€12,164 | +174% |
| Trade debts | 44 | €5,015 | €9,157 | +€4,142 | +82.6% |
| Suppliers | 440/4 | €5,015 | €9,157 | +€4,142 | +82.6% |
| Taxes, remuneration and social security | 45 | €10,727 | €17,304 | +€6,577 | +61.3% |
| Taxes | 450/3 | €10,727 | €17,304 | +€6,577 | +61.3% |
| Accrued charges and deferred income | 492/3 | - | €857 | +€857 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,257 | €4,441 | +€2,184 | +96.7% |
| Other operating charges | 640/8 | €365 | €324 | -€41 | -11.3% |
| Gross operating margin | 9900 | €30,559 | €51,639 | +€21,080 | +69.0% |
| Operating profit (loss) | 9901 | €27,937 | €46,874 | +€18,937 | +67.8% |
| Financial income | 75/76B | €250 | - | -€250 | |
| Recurring financial income | 75 | €250 | - | -€250 | |
| Financial charges | 65/66B | €469 | €812 | +€343 | +73.3% |
| Recurring financial charges | 65 | €469 | €812 | +€343 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €27,718 | €46,062 | +€18,344 | +66.2% |
| Income taxes | 67/77 | €5,680 | €9,242 | +€3,561 | +62.7% |
| Profit (loss) for the period | 9904 | €22,038 | €36,820 | +€14,783 | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,038 | €36,820 | +€14,783 | +67.1% |
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 18 October 2026 via checked.be.