FLOW REAL PROPERTY: 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.
FLOW REAL PROPERTY
Largest movements
- Deferred charges and accrued income +€34,331
up €34,331 (+213%), from €16,099 to €50,430
- Cash +€24,177
new in 2025: €24,177
mainly Short-term financial debts (+€18,180) and Trade debts (+€16,256)
- Receivables within one year -€14,522
down €14,522 (-32.3%), from €44,997 to €30,475
of which Trade receivables: -€14,479
- Tangible fixed assets -€7,833
down €7,833 (-23.0%), from €34,057 to €26,224
of which Furniture and vehicles: -€7,302
- Short-term financial debts +€18,180
up €18,180 (+168%), from €10,836 to €29,016
- Trade debts +€16,256
up €16,256 (+63.3%), from €25,661 to €41,917
- Debts after one year -€2,843
down €2,843 (-8.1%), from €35,072 to €32,229
of which Financial debts: -€6,962
- Profit (loss) carried forward +€2,790
up €2,790 (+21.9%), from €12,711 to €15,501
- Depreciation +€4,415
up €4,415 (+73.8%), from €5,985 to €10,400
- Staff costs -€3,403
down €3,403 (-59.1%), from €5,757 to €2,354
- Other operating charges -€869
down €869 (-37.8%), from €2,301 to €1,432
- Taxes +€647
up €647 (+36.0%), from €1,796 to €2,443
- Gross operating margin -€313
down €313 (-1.3%), from €24,096 to €23,783
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 | €103,231 | €138,116 | +€34,885 | +33.8% |
| Fixed assets | 21/28 | €42,135 | €33,034 | -€9,101 | -21.6% |
| Intangible fixed assets | 21 | €2,828 | €1,560 | -€1,268 | -44.8% |
| Tangible fixed assets | 22/27 | €34,057 | €26,224 | -€7,833 | -23.0% |
| Furniture and vehicles | 24 | €29,366 | €22,064 | -€7,302 | -24.9% |
| Other tangible fixed assets | 26 | €4,691 | €4,160 | -€531 | -11.3% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €61,096 | €105,082 | +€43,986 | +72.0% |
| Amounts receivable within one year | 40/41 | €44,997 | €30,475 | -€14,522 | -32.3% |
| Trade receivables | 40 | €44,954 | €30,475 | -€14,479 | -32.2% |
| Other amounts receivable | 41 | €43 | - | -€43 | |
| Cash at bank and in hand | 54/58 | - | €24,177 | +€24,177 | |
| Deferred charges and accrued income | 490/1 | €16,099 | €50,430 | +€34,331 | +213% |
| Total equity and liabilities | 10/49 | €103,231 | €138,116 | +€34,885 | +33.8% |
| Equity | 10/15 | €15,211 | €18,001 | +€2,790 | +18.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,711 | €15,501 | +€2,790 | +21.9% |
| Amounts payable | 17/49 | €88,020 | €120,115 | +€32,095 | +36.5% |
| Amounts payable after more than one year | 17 | €35,072 | €32,229 | -€2,843 | -8.1% |
| Financial debts | 170/4 | €13,080 | €6,118 | -€6,962 | -53.2% |
| Other amounts payable | 178/9 | €21,992 | €26,111 | +€4,119 | +18.7% |
| Amounts payable within one year | 42/48 | €52,003 | €86,841 | +€34,838 | +67.0% |
| Current portion of amounts payable after more than one year | 42 | €6,564 | €6,962 | +€398 | +6.1% |
| Financial debts | 43 | €10,836 | €29,016 | +€18,180 | +168% |
| Credit institutions | 430/8 | €10,836 | €29,016 | +€18,180 | +168% |
| Trade debts | 44 | €25,661 | €41,917 | +€16,256 | +63.3% |
| Suppliers | 440/4 | €25,661 | €41,917 | +€16,256 | +63.3% |
| Taxes, remuneration and social security | 45 | €8,942 | €8,946 | +€4 | 0.0% |
| Taxes | 450/3 | €8,942 | €8,946 | +€4 | 0.0% |
| Accrued charges and deferred income | 492/3 | €945 | €1,045 | +€100 | +10.6% |
| Remuneration, social security and pensions | 62 | €5,757 | €2,354 | -€3,403 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,985 | €10,400 | +€4,415 | +73.8% |
| Other operating charges | 640/8 | €2,301 | €1,432 | -€869 | -37.8% |
| Non-recurring operating charges | 66A | - | €79 | +€79 | |
| Gross operating margin | 9900 | €24,096 | €23,783 | -€313 | -1.3% |
| Operating profit (loss) | 9901 | €10,053 | €9,518 | -€535 | -5.3% |
| Financial income | 75/76B | €4 | €3 | -€1 | -25.0% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -25.0% |
| Financial charges | 65/66B | €4,259 | €4,288 | +€29 | +0.7% |
| Recurring financial charges | 65 | €4,259 | €4,288 | +€29 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €5,798 | €5,233 | -€565 | -9.7% |
| Income taxes | 67/77 | €1,796 | €2,443 | +€647 | +36.0% |
| Profit (loss) for the period | 9904 | €4,002 | €2,790 | -€1,212 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,002 | €2,790 | -€1,212 | -30.3% |
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 22 October 2026 via checked.be.