FILEWA: 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
FILEWA
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
€1.7m
2024 · €109,407+€1.6m
Equity
€7.2m
2024 · €6.0m+€1.2m
Cash
€19,325
2024 · €12,880+€6,445
Balance sheet total
€10.9m
2024 · €10.8m+€122,269
Largest movements
Assets
- Financial fixed assets +€250,000
up €250,000 (+96.6%), from €258,730 to €508,730
- Current investments -€132,129
down €132,129 (-2.4%), from €5.4m to €5.3m
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+36.1%), from €3.3m to €4.4m
of which Distributable reserves: +€1.2m
- Other debts -€1.0m
down €1.0m (-97.0%), from €1.0m to €31,167
- Debts after one year -€186,390
down €186,390 (-17.5%), from €1.1m to €877,441
Income statement
- Financial income +€1.8m
up €1.8m (+1127.7%), from €158,610 to €1.9m
- Taxes +€202,159
up €202,159 (+1475.2%), from €13,703 to €215,863
- Financial charges -€45,820
down €45,820 (-32.1%), from €142,711 to €96,891
- Depreciation -€5,219
down €5,219 (-5.4%), from €96,937 to €91,718
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
€109,407
Gross operating margin
+€358
Depreciation
+€5,219
Other operating charges
-€1,164
Financial income
+€1.8m
Financial charges
+€45,820
Taxes
-€202,159
Result 2025
€1.7m
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
+€800,118
Investment
-€117,871
Financing
-€675,802
Cash 2024
€12,880
From operations (derived)
+€800,118
Net result for the year
+€1.7m
Depreciation
+€91,718
Stocks and contracts
-€77,006
Receivables within one year
-€12,666
Provisions
-€8,985
Smaller working-capital items
-€424
Tax, wage and social debts
+€84,830
Other debts
-€1.0m
Accrued charges and deferred income
-€5,112
Investment (derived)
-€117,871
Investment in fixed assets (net)
-€250,000
Current investments
+€132,129
Financing
-€675,802
Debts after one year
-€186,390
Current portion of long-term debt
+€2,989
Short-term financial debts
+€78,000
Contributions, distributions and other
-€570,401
Cash 2025
€19,325
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,765,869 | €10,888,138 | +€122,269 | +1.1% |
| Fixed assets | 21/28 | €3,382,802 | €3,541,084 | +€158,282 | +4.7% |
| Tangible fixed assets | 22/27 | €3,124,072 | €3,032,354 | -€91,718 | -2.9% |
| Land and buildings | 22 | €3,107,161 | €3,032,354 | -€74,807 | -2.4% |
| Furniture and vehicles | 24 | €16,911 | €0 | -€16,911 | -100.0% |
| Financial fixed assets | 28 | €258,730 | €508,730 | +€250,000 | +96.6% |
| Current assets | 29/58 | €7,383,067 | €7,347,055 | -€36,013 | -0.5% |
| Stocks and contracts in progress | 3 | €1,936,231 | €2,013,237 | +€77,006 | +4.0% |
| Stocks | 30/36 | €1,936,231 | €2,013,237 | +€77,006 | +4.0% |
| Amounts receivable within one year | 40/41 | €31,382 | €44,048 | +€12,666 | +40.4% |
| Trade receivables | 40 | €4,630 | €705 | -€3,926 | -84.8% |
| Other amounts receivable | 41 | €26,752 | €43,343 | +€16,591 | +62.0% |
| Current investments | 50/53 | €5,402,574 | €5,270,445 | -€132,129 | -2.4% |
| Cash at bank and in hand | 54/58 | €12,880 | €19,325 | +€6,445 | +50.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €10,765,869 | €10,888,138 | +€122,269 | +1.1% |
| Equity | 10/15 | €6,003,917 | €7,179,597 | +€1.2m | +19.6% |
| Contributions | 10/11 | €2,750,000 | €2,750,000 | = | 0.0% |
| Reserves | 13 | €3,253,917 | €4,429,597 | +€1.2m | +36.1% |
| Tax-exempt reserves | 132 | €763,710 | €736,755 | -€26,954 | -3.5% |
| Distributable reserves | 133 | €2,490,208 | €3,692,842 | +€1.2m | +48.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €254,570 | €245,585 | -€8,985 | -3.5% |
| Deferred taxes | 168 | €254,570 | €245,585 | -€8,985 | -3.5% |
| Amounts payable | 17/49 | €4,507,382 | €3,462,956 | -€1.0m | -23.2% |
| Amounts payable after more than one year | 17 | €1,063,831 | €877,441 | -€186,390 | -17.5% |
| Financial debts | 170/4 | €1,063,831 | €877,441 | -€186,390 | -17.5% |
| Amounts payable within one year | 42/48 | €3,437,871 | €2,584,946 | -€852,925 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €183,401 | €186,390 | +€2,989 | +1.6% |
| Financial debts | 43 | €2,102,000 | €2,180,000 | +€78,000 | +3.7% |
| Credit institutions | 430/8 | €2,102,000 | €2,180,000 | +€78,000 | +3.7% |
| Trade debts | 44 | €7,742 | €5,756 | -€1,986 | -25.6% |
| Suppliers | 440/4 | €7,742 | €5,756 | -€1,986 | -25.6% |
| Advances received on contracts in progress | 46 | - | €1,561 | +€1,561 | |
| Taxes, remuneration and social security | 45 | €95,242 | €180,072 | +€84,830 | +89.1% |
| Taxes | 450/3 | €95,242 | €180,072 | +€84,830 | +89.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €1,049,486 | €31,167 | -€1.0m | -97.0% |
| Accrued charges and deferred income | 492/3 | €5,680 | €568 | -€5,112 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,937 | €91,718 | -€5,219 | -5.4% |
| Other operating charges | 640/8 | €12,834 | €13,998 | +€1,164 | +9.1% |
| Gross operating margin | 9900 | €207,998 | €208,356 | +€358 | +0.2% |
| Operating profit (loss) | 9901 | €98,227 | €102,641 | +€4,414 | +4.5% |
| Financial income | 75/76B | €158,610 | €1,947,210 | +€1.8m | +1127.7% |
| Recurring financial income | 75 | €158,610 | €1,947,210 | +€1.8m | +1127.7% |
| Financial charges | 65/66B | €142,711 | €96,891 | -€45,820 | -32.1% |
| Recurring financial charges | 65 | €142,711 | €96,891 | -€45,820 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €114,126 | €1,952,959 | +€1.8m | +1611.2% |
| Transfer from deferred taxes | 780 | €8,985 | €8,985 | = | 0.0% |
| Income taxes | 67/77 | €13,703 | €215,863 | +€202,159 | +1475.2% |
| Profit (loss) for the period | 9904 | €109,407 | €1,746,081 | +€1.6m | +1495.9% |
| Transfer from tax-exempt reserves | 789 | €26,954 | €26,954 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,362 | €1,773,036 | +€1.6m | +1200.2% |
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 4 October 2026 via checked.be.