FIRST HABITAT: 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.
FIRST HABITAT
Largest movements
- Receivables within one year +€2.0m
up €2.0m (+4,599%), from €43,150 to €2.0m
of which Other amounts receivable: +€2.0m
- Tangible fixed assets -€401,300
no longer reported in 2025 (was €401,300)
- Cash -€88,167
down €88,167 (-83.0%), from €106,263 to €18,096
mainly Receivables within one year (-€2.0m) and Debts after one year (-€637,278)
- Reserves +€1.0m
new in 2025: €1.0m
of which Tax-exempt reserves: +€631,500
- Debts after one year -€637,278
no longer reported in 2025 (was €637,278)
- Other debts +€497,646
new in 2025: €497,646
- Profit (loss) carried forward +€257,726
up €257,726, from -€191,695 to €66,031
- Short-term financial debts +€160,012
new in 2025: €160,012
- Gross operating margin +€1.6m
up €1.6m (+25,571%), from €6,399 to €1.6m
- Taxes +€363,455
up €363,455 (+87,013%), from €418 to €363,873
- Depreciation -€50,619
no longer reported in 2025 (was €50,619)
- Staff costs -€22,784
no longer reported in 2025 (was €22,784)
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 | €550,788 | €2,065,884 | +€1.5m | +275% |
| Fixed assets | 21/28 | €401,375 | €75 | -€401,300 | -100.0% |
| Tangible fixed assets | 22/27 | €401,300 | - | -€401,300 | |
| Land and buildings | 22 | €401,300 | - | -€401,300 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €149,413 | €2,065,809 | +€1.9m | +1,283% |
| Amounts receivable within one year | 40/41 | €43,150 | €2,027,530 | +€2.0m | +4,599% |
| Trade receivables | 40 | €41,990 | - | -€41,990 | |
| Other amounts receivable | 41 | €1,160 | €2,027,530 | +€2.0m | +174,643% |
| Cash at bank and in hand | 54/58 | €106,263 | €18,096 | -€88,167 | -83.0% |
| Deferred charges and accrued income | 490/1 | - | €20,184 | +€20,184 | |
| Total equity and liabilities | 10/49 | €550,788 | €2,065,884 | +€1.5m | +275% |
| Equity | 10/15 | -€91,695 | €1,197,531 | +€1.3m | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €1,031,500 | +€1.0m | |
| Tax-exempt reserves | 132 | - | €631,500 | +€631,500 | |
| Distributable reserves | 133 | - | €400,000 | +€400,000 | |
| Profit (loss) carried forward | 14 | -€191,695 | €66,031 | +€257,726 | |
| Amounts payable | 17/49 | €642,483 | €868,353 | +€225,870 | +35.2% |
| Amounts payable after more than one year | 17 | €637,278 | - | -€637,278 | |
| Other amounts payable | 178/9 | €637,278 | - | -€637,278 | |
| Amounts payable within one year | 42/48 | €5,206 | €860,370 | +€855,164 | +16,427% |
| Financial debts | 43 | - | €160,012 | +€160,012 | |
| Credit institutions | 430/8 | - | €160,012 | +€160,012 | |
| Trade debts | 44 | €100 | €148,756 | +€148,656 | +148,731% |
| Suppliers | 440/4 | €100 | €148,756 | +€148,656 | +148,731% |
| Taxes, remuneration and social security | 45 | €5,106 | €53,956 | +€48,850 | +957% |
| Taxes | 450/3 | €3,742 | €53,956 | +€50,214 | +1,342% |
| Remuneration and social security | 454/9 | €1,364 | - | -€1,364 | |
| Other amounts payable | 47/48 | - | €497,646 | +€497,646 | |
| Accrued charges and deferred income | 492/3 | - | €7,984 | +€7,984 | |
| Remuneration, social security and pensions | 62 | €22,784 | - | -€22,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,619 | - | -€50,619 | |
| Other operating charges | 640/8 | €9,308 | €1,688 | -€7,619 | -81.9% |
| Gross operating margin | 9900 | €6,399 | €1,642,744 | +€1.6m | +25,571% |
| Operating profit (loss) | 9901 | -€76,312 | €1,641,056 | +€1.7m | |
| Financial income | 75/76B | €5,260 | €20,185 | +€14,925 | +284% |
| Recurring financial income | 75 | €5,260 | €20,185 | +€14,925 | +284% |
| Financial charges | 65/66B | €91 | €8,142 | +€8,051 | +8,839% |
| Recurring financial charges | 65 | €91 | €8,142 | +€8,051 | +8,839% |
| Profit (loss) for the period before taxes | 9903 | -€71,143 | €1,653,098 | +€1.7m | |
| Income taxes | 67/77 | €418 | €363,873 | +€363,455 | +87,013% |
| Profit (loss) for the period | 9904 | -€71,560 | €1,289,226 | +€1.4m | |
| Transfer to tax-exempt reserves | 689 | - | €631,500 | +€631,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,560 | €657,726 | +€729,286 |
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.