Flat Company: 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.
What changed
Flat Company
NACE 68.110, Buying and selling of own real estate
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€10,033
2025 · €12,303-€2,270
Equity
€608,037
2025 · €194,868+€413,168
Cash
€23,806
2025 · €7,937+€15,869
Balance sheet total
€3.9m
2025 · €2.7m+€1.2m
Largest movements
Assets
- Stocks and contracts +€875,468
up €875,468 (+76.8%), from €1.1m to €2.0m
- Tangible fixed assets +€358,084
up €358,084 (+51.5%), from €695,737 to €1.1m
of which Land and buildings: +€390,635
Equity and liabilities
- Short-term financial debts +€810,942
up €810,942 (+52.6%), from €1.5m to €2.4m
- Revaluation surpluses +€403,135
new in 2026: €403,135
- Trade debts +€174,459
up €174,459 (+52.9%), from €329,935 to €504,394
- Accrued charges and deferred income -€134,539
no longer reported in 2026 (was €134,539)
- Debts after one year -€57,865
down €57,865 (-15.0%), from €387,016 to €329,151
Income statement
- Gross operating margin -€61,111
down €61,111 (-24.7%), from €247,201 to €186,090
- Financial charges -€38,038
down €38,038 (-25.6%), from €148,620 to €110,581
- Financial income +€24,659
up €24,659 (+271%), from €9,103 to €33,762
- Taxes +€4,346
up €4,346 (+24.2%), from €17,984 to €22,330
- Other operating charges -€3,847
down €3,847 (-25.1%), from €15,302 to €11,454
From the 2025 result to the 2026 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 2025
€12,303
Gross operating margin
-€61,111
Staff costs
-€753
Depreciation
-€2,605
Other operating charges
+€3,847
Financial income
+€24,659
Financial charges
+€38,038
Taxes
-€4,346
Result 2026
€10,033
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€723,927
Investment
-€422,784
Financing
+€1.2m
Cash 2025
€7,937
From operations (derived)
-€723,927
Net result for the year
+€10,033
Depreciation
+€64,700
Stocks and contracts
-€875,468
Receivables within one year
-€15,347
Deferred charges and accrued income
+€37,459
Trade debts
+€174,459
Tax, wage and social debts
+€20,126
Advances received
+€18,050
Other debts
-€23,400
Accrued charges and deferred income
-€134,539
Investment (derived)
-€422,784
Investment in fixed assets (net)
-€422,784
Financing
+€1.2m
Debts after one year
-€57,865
Current portion of long-term debt
+€6,368
Short-term financial debts
+€810,942
Contributions, distributions and other
+€403,135
Cash 2026
€23,806
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,713,077 | €3,940,386 | +€1.2m | +45.2% |
| Fixed assets | 21/28 | €770,845 | €1,128,929 | +€358,084 | +46.5% |
| Tangible fixed assets | 22/27 | €695,737 | €1,053,821 | +€358,084 | +51.5% |
| Land and buildings | 22 | €466,882 | €857,518 | +€390,635 | +83.7% |
| Plant, machinery and equipment | 23 | €44,569 | €35,451 | -€9,118 | -20.5% |
| Furniture and vehicles | 24 | €65,051 | €57,156 | -€7,895 | -12.1% |
| Other tangible fixed assets | 26 | €119,235 | €103,697 | -€15,538 | -13.0% |
| Financial fixed assets | 28 | €75,108 | €75,108 | = | 0.0% |
| Current assets | 29/58 | €1,942,233 | €2,811,457 | +€869,225 | +44.8% |
| Stocks and contracts in progress | 3 | €1,139,465 | €2,014,932 | +€875,468 | +76.8% |
| Stocks | 30/36 | €1,139,465 | €2,014,932 | +€875,468 | +76.8% |
| Amounts receivable within one year | 40/41 | €428,417 | €443,765 | +€15,347 | +3.6% |
| Trade receivables | 40 | €343,459 | €382,227 | +€38,768 | +11.3% |
| Other amounts receivable | 41 | €84,958 | €61,538 | -€23,420 | -27.6% |
| Cash at bank and in hand | 54/58 | €7,937 | €23,806 | +€15,869 | +200% |
| Deferred charges and accrued income | 490/1 | €366,413 | €328,954 | -€37,459 | -10.2% |
| Total equity and liabilities | 10/49 | €2,713,077 | €3,940,386 | +€1.2m | +45.2% |
| Equity | 10/15 | €194,868 | €608,037 | +€413,168 | +212% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €403,135 | +€403,135 | |
| Reserves | 13 | €188,668 | €198,702 | +€10,033 | +5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €186,808 | €196,842 | +€10,033 | +5.4% |
| Amounts payable | 17/49 | €2,518,209 | €3,332,350 | +€814,141 | +32.3% |
| Amounts payable after more than one year | 17 | €387,016 | €329,151 | -€57,865 | -15.0% |
| Financial debts | 170/4 | €387,016 | €329,151 | -€57,865 | -15.0% |
| Amounts payable within one year | 42/48 | €1,996,653 | €3,003,198 | +€1.0m | +50.4% |
| Current portion of amounts payable after more than one year | 42 | €36,463 | €42,831 | +€6,368 | +17.5% |
| Financial debts | 43 | €1,541,288 | €2,352,230 | +€810,942 | +52.6% |
| Credit institutions | 430/8 | €1,541,288 | €2,352,230 | +€810,942 | +52.6% |
| Trade debts | 44 | €329,935 | €504,394 | +€174,459 | +52.9% |
| Suppliers | 440/4 | €329,935 | €504,394 | +€174,459 | +52.9% |
| Advances received on contracts in progress | 46 | €21,950 | €40,000 | +€18,050 | +82.2% |
| Taxes, remuneration and social security | 45 | €20,604 | €40,730 | +€20,126 | +97.7% |
| Taxes | 450/3 | €20,604 | €40,730 | +€20,126 | +97.7% |
| Other amounts payable | 47/48 | €46,414 | €23,014 | -€23,400 | -50.4% |
| Accrued charges and deferred income | 492/3 | €134,539 | - | -€134,539 | |
| Non-recurring operating income | 76A | €4,000 | €3,178 | -€822 | -20.5% |
| Remuneration, social security and pensions | 62 | - | €753 | +€753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,095 | €64,700 | +€2,605 | +4.2% |
| Other operating charges | 640/8 | €15,302 | €11,454 | -€3,847 | -25.1% |
| Gross operating margin | 9900 | €247,201 | €186,090 | -€61,111 | -24.7% |
| Operating profit (loss) | 9901 | €169,804 | €109,183 | -€60,621 | -35.7% |
| Financial income | 75/76B | €9,103 | €33,762 | +€24,659 | +271% |
| Recurring financial income | 75 | €9,103 | €33,762 | +€24,659 | +271% |
| Financial charges | 65/66B | €148,620 | €110,581 | -€38,038 | -25.6% |
| Recurring financial charges | 65 | €148,620 | €110,581 | -€38,038 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €30,287 | €32,363 | +€2,076 | +6.9% |
| Income taxes | 67/77 | €17,984 | €22,330 | +€4,346 | +24.2% |
| Profit (loss) for the period | 9904 | €12,303 | €10,033 | -€2,270 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,303 | €10,033 | -€2,270 | -18.5% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.