EXPAT HOUSING: 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.
EXPAT HOUSING
Largest movements
- Cash +€84,640
up €84,640 (+57.6%), from €146,870 to €231,510
mainly Other debts (+€155,000) and Net result for the year (+€47,206)
- Receivables within one year -€30,534
down €30,534 (-56.0%), from €54,503 to €23,969
of which Trade receivables: -€42,615
- Tangible fixed assets -€22,631
down €22,631 (-6.7%), from €337,924 to €315,293
of which Land and buildings: -€19,189
- Other debts +€155,000
new in 2025: €155,000
- Profit (loss) carried forward -€102,794
down €102,794 (-49.3%), from €208,713 to €105,919
- Debts after one year -€14,105
down €14,105 (-7.2%), from €195,796 to €181,690
- Trade debts -€13,713
down €13,713 (-15.3%), from €89,922 to €76,208
- Tax, wage and social debts +€6,917
up €6,917 (+251%), from €2,759 to €9,677
of which Taxes: +€8,296
- Gross operating margin +€9,218
up €9,218 (+10.0%), from €92,428 to €101,646
- Taxes +€6,725
up €6,725 (+61.2%), from €10,983 to €17,708
- Depreciation -€1,611
down €1,611 (-5.5%), from €29,267 to €27,656
- Other operating charges -€1,154
down €1,154 (-52.7%), from €2,188 to €1,035
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 | €545,447 | €577,210 | +€31,762 | +5.8% |
| Fixed assets | 21/28 | €341,974 | €319,343 | -€22,631 | -6.6% |
| Tangible fixed assets | 22/27 | €337,924 | €315,293 | -€22,631 | -6.7% |
| Land and buildings | 22 | €290,158 | €270,969 | -€19,189 | -6.6% |
| Plant, machinery and equipment | 23 | €1,505 | €1,310 | -€195 | -12.9% |
| Furniture and vehicles | 24 | €4,256 | €6,727 | +€2,471 | +58.0% |
| Other tangible fixed assets | 26 | €42,005 | €36,287 | -€5,717 | -13.6% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €203,474 | €257,867 | +€54,393 | +26.7% |
| Amounts receivable within one year | 40/41 | €54,503 | €23,969 | -€30,534 | -56.0% |
| Trade receivables | 40 | €46,239 | €3,624 | -€42,615 | -92.2% |
| Other amounts receivable | 41 | €8,264 | €20,346 | +€12,081 | +146% |
| Cash at bank and in hand | 54/58 | €146,870 | €231,510 | +€84,640 | +57.6% |
| Deferred charges and accrued income | 490/1 | €2,100 | €2,387 | +€287 | +13.7% |
| Total equity and liabilities | 10/49 | €545,447 | €577,210 | +€31,762 | +5.8% |
| Equity | 10/15 | €243,323 | €140,529 | -€102,794 | -42.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,010 | €16,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,150 | €14,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,713 | €105,919 | -€102,794 | -49.3% |
| Amounts payable | 17/49 | €302,124 | €436,681 | +€134,557 | +44.5% |
| Amounts payable after more than one year | 17 | €195,796 | €181,690 | -€14,105 | -7.2% |
| Financial debts | 170/4 | €195,796 | €181,690 | -€14,105 | -7.2% |
| Amounts payable within one year | 42/48 | €106,329 | €254,990 | +€148,662 | +140% |
| Current portion of amounts payable after more than one year | 42 | €13,648 | €14,105 | +€458 | +3.4% |
| Trade debts | 44 | €89,922 | €76,208 | -€13,713 | -15.3% |
| Suppliers | 440/4 | €89,922 | €76,208 | -€13,713 | -15.3% |
| Taxes, remuneration and social security | 45 | €2,759 | €9,677 | +€6,917 | +251% |
| Taxes | 450/3 | €1,381 | €9,677 | +€8,296 | +601% |
| Remuneration and social security | 454/9 | €1,378 | - | -€1,378 | |
| Other amounts payable | 47/48 | - | €155,000 | +€155,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,267 | €27,656 | -€1,611 | -5.5% |
| Other operating charges | 640/8 | €2,188 | €1,035 | -€1,154 | -52.7% |
| Gross operating margin | 9900 | €92,428 | €101,646 | +€9,218 | +10.0% |
| Operating profit (loss) | 9901 | €60,973 | €72,955 | +€11,982 | +19.7% |
| Financial income | 75/76B | €227 | €351 | +€124 | +54.6% |
| Recurring financial income | 75 | €206 | €351 | +€145 | +70.1% |
| Non-recurring financial income | 76B | €21 | - | -€21 | |
| Financial charges | 65/66B | €8,352 | €8,393 | +€41 | +0.5% |
| Recurring financial charges | 65 | €8,334 | €8,393 | +€58 | +0.7% |
| Non-recurring financial charges | 66B | €18 | - | -€18 | |
| Profit (loss) for the period before taxes | 9903 | €52,848 | €64,914 | +€12,065 | +22.8% |
| Income taxes | 67/77 | €10,983 | €17,708 | +€6,725 | +61.2% |
| Profit (loss) for the period | 9904 | €41,865 | €47,206 | +€5,340 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,865 | €47,206 | +€5,340 | +12.8% |
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 28 October 2026 via checked.be.