ESTATE TODAY: 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.
ESTATE TODAY
Largest movements
- Receivables within one year +€256,222
up €256,222 (+578%), from €44,335 to €300,557
of which Other amounts receivable: +€169,934
- Tangible fixed assets -€13,833
down €13,833 (-1.8%), from €757,180 to €743,347
of which Land and buildings: -€13,535
- Reserves +€184,691
up €184,691, from €0 to €184,691
- Other debts +€171,335
up €171,335 (+5,037%), from €3,402 to €174,736
- Short-term financial debts -€90,000
down €90,000 (-36.0%), from €250,000 to €160,000
- Profit (loss) carried forward -€40,852
down €40,852 (-100%), from €40,852 to €0
- Tax, wage and social debts +€26,593
up €26,593 (+313%), from €8,505 to €35,098
- Financial income +€103,930
up €103,930 (+3,989%), from €2,605 to €106,536
- Gross operating margin +€65,240
up €65,240 (+199%), from €32,806 to €98,046
- Taxes +€30,061
up €30,061 (+8,489%), from €354 to €30,415
- Financial charges -€4,620
down €4,620 (-29.5%), from €15,639 to €11,018
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 | €854,109 | €1,104,269 | +€250,160 | +29.3% |
| Fixed assets | 21/28 | €807,180 | €793,347 | -€13,833 | -1.7% |
| Tangible fixed assets | 22/27 | €757,180 | €743,347 | -€13,833 | -1.8% |
| Land and buildings | 22 | €633,542 | €620,006 | -€13,535 | -2.1% |
| Furniture and vehicles | 24 | €638 | €341 | -€297 | -46.6% |
| Other tangible fixed assets | 26 | €123,000 | €123,000 | = | 0.0% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €46,929 | €310,922 | +€263,993 | +563% |
| Amounts receivable within one year | 40/41 | €44,335 | €300,557 | +€256,222 | +578% |
| Trade receivables | 40 | €5,000 | €91,288 | +€86,288 | +1,726% |
| Other amounts receivable | 41 | €39,335 | €209,269 | +€169,934 | +432% |
| Cash at bank and in hand | 54/58 | €1,794 | €10,344 | +€8,550 | +476% |
| Deferred charges and accrued income | 490/1 | €800 | €22 | -€778 | -97.3% |
| Total equity and liabilities | 10/49 | €854,109 | €1,104,269 | +€250,160 | +29.3% |
| Equity | 10/15 | €517,932 | €661,772 | +€143,840 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €458,480 | €458,480 | = | 0.0% |
| Reserves | 13 | €0 | €184,691 | +€184,691 | |
| Distributable reserves | 133 | €0 | €184,691 | +€184,691 | |
| Profit (loss) carried forward | 14 | €40,852 | €0 | -€40,852 | -100% |
| Amounts payable | 17/49 | €336,177 | €442,497 | +€106,321 | +31.6% |
| Amounts payable after more than one year | 17 | €58,308 | €50,856 | -€7,452 | -12.8% |
| Financial debts | 170/4 | €58,308 | €50,856 | -€7,452 | -12.8% |
| Amounts payable within one year | 42/48 | €277,869 | €384,712 | +€106,844 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €14,588 | €7,452 | -€7,136 | -48.9% |
| Financial debts | 43 | €250,000 | €160,000 | -€90,000 | -36.0% |
| Credit institutions | 430/8 | €250,000 | €160,000 | -€90,000 | -36.0% |
| Trade debts | 44 | €1,374 | €7,426 | +€6,052 | +440% |
| Suppliers | 440/4 | €1,374 | €7,426 | +€6,052 | +440% |
| Taxes, remuneration and social security | 45 | €8,505 | €35,098 | +€26,593 | +313% |
| Taxes | 450/3 | €8,505 | €35,098 | +€26,593 | +313% |
| Other amounts payable | 47/48 | €3,402 | €174,736 | +€171,335 | +5,037% |
| Accrued charges and deferred income | 492/3 | - | €6,929 | +€6,929 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,833 | €13,833 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,324 | €4,643 | +€319 | +7.4% |
| Gross operating margin | 9900 | €32,806 | €98,046 | +€65,240 | +199% |
| Operating profit (loss) | 9901 | €14,650 | €79,571 | +€64,921 | +443% |
| Financial income | 75/76B | €2,605 | €106,536 | +€103,930 | +3,989% |
| Recurring financial income | 75 | €2,605 | €106,536 | +€103,930 | +3,989% |
| Financial charges | 65/66B | €15,639 | €11,018 | -€4,620 | -29.5% |
| Recurring financial charges | 65 | €15,639 | €11,018 | -€4,620 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €1,616 | €175,088 | +€173,472 | +10,732% |
| Income taxes | 67/77 | €354 | €30,415 | +€30,061 | +8,489% |
| Profit (loss) for the period | 9904 | €1,262 | €144,673 | +€143,410 | +11,361% |
| Profit (loss) for the period to be appropriated | 9905 | €1,262 | €144,673 | +€143,410 | +11,361% |
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 29 October 2026 via checked.be.