HABITAT + CONCEPT: 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
HABITAT + CONCEPT
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€699,660
2024 · -€1.4m+€661,973
Equity
€2.8m
2024 · €3.1m-€299,660
Cash
€529,987
2024 · €305,109+€224,878
Balance sheet total
€21.0m
2024 · €20.6m+€396,081
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+131%), from €1.4m to €3.3m
of which Trade receivables: +€1.3m
- Stocks and contracts -€1.6m
down €1.6m (-8.7%), from €17.9m to €16.3m
of which Stocks: -€1.3m
- Cash +€224,878
up €224,878 (+73.7%), from €305,109 to €529,987
mainly Debts after one year (+€1.8m) and Stocks and contracts (+€1.6m)
Equity and liabilities
- Current portion of long-term debt -€2.1m
down €2.1m (-77.6%), from €2.7m to €594,438
- Debts after one year +€1.8m
up €1.8m (+90.0%), from €2.0m to €3.7m
- Trade debts +€1.1m
up €1.1m (+75.4%), from €1.5m to €2.6m
- Short-term financial debts -€520,538
down €520,538 (-5.0%), from €10.4m to €9.9m
- Reserves -€496,534
down €496,534 (-74.5%), from €666,145 to €169,611
of which Distributable reserves: -€370,234
Income statement
- Turnover +€7.0m
up €7.0m (+86.5%), from €8.1m to €15.1m
- Goods and materials +€6.9m
up €6.9m (+111%), from €6.2m to €13.0m
of which Change in stocks: decrease (increase): +€6.6m
- Staff costs -€170,530
down €170,530 (-24.5%), from €697,041 to €526,511
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
-€1.4m
Turnover
+€7.0m
Other operating income
-€26,707
Goods and materials
-€6.9m
Services and other goods
-€48,687
Staff costs
+€170,530
Depreciation
+€19,746
Provisions
-€58,009
Other operating charges
+€69,563
Other operating items
+€487,141
Financial income
+€5,184
Financial charges
-€97,058
Taxes
+€4,590
Result 2025
-€699,660
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€634,872
Investment
+€9,523
Financing
-€419,517
Cash 2024
€305,109
From operations (derived)
+€634,872
Net result for the year
-€699,660
Depreciation
+€97,824
Stocks and contracts
+€1.6m
Receivables within one year
-€1.9m
Deferred charges and accrued income
+€20,619
Provisions
+€58,009
Trade debts
+€1.1m
Tax, wage and social debts
-€141,934
Advances received
+€449,610
Other debts
+€100
Accrued charges and deferred income
+€46,749
Investment (derived)
+€9,523
Investment in fixed assets (net)
+€9,523
Financing
-€419,517
Debts after one year
+€1.8m
Current portion of long-term debt
-€2.1m
Short-term financial debts
-€520,538
Contributions, distributions and other
+€400,000
Cash 2025
€529,987
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,622,748 | €21,018,829 | +€396,081 | +1.9% |
| Fixed assets | 21/28 | €990,730 | €883,383 | -€107,347 | -10.8% |
| Tangible fixed assets | 22/27 | €987,282 | €879,935 | -€107,347 | -10.9% |
| Land and buildings | 22 | €958,455 | €871,705 | -€86,750 | -9.1% |
| Plant, machinery and equipment | 23 | €9,997 | €8,231 | -€1,766 | -17.7% |
| Furniture and vehicles | 24 | €14,641 | - | -€14,641 | |
| Leasing and similar rights | 25 | €4,190 | - | -€4,190 | |
| Financial fixed assets | 28 | €3,447 | €3,447 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,447 | €3,447 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,447 | €3,447 | = | 0.0% |
| Current assets | 29/58 | €19,632,018 | €20,135,446 | +€503,428 | +2.6% |
| Stocks and contracts in progress | 3 | €17,893,334 | €16,339,152 | -€1.6m | -8.7% |
| Stocks | 30/36 | €17,680,069 | €16,339,152 | -€1.3m | -7.6% |
| Property held for sale | 35 | €17,680,069 | €16,339,152 | -€1.3m | -7.6% |
| Contracts in progress | 37 | €213,265 | - | -€213,265 | |
| Amounts receivable within one year | 40/41 | €1,409,482 | €3,262,832 | +€1.9m | +131% |
| Trade receivables | 40 | €130,954 | €1,434,376 | +€1.3m | +995% |
| Other amounts receivable | 41 | €1,278,528 | €1,828,457 | +€549,929 | +43.0% |
| Cash at bank and in hand | 54/58 | €305,109 | €529,987 | +€224,878 | +73.7% |
| Deferred charges and accrued income | 490/1 | €24,093 | €3,475 | -€20,619 | -85.6% |
| Total equity and liabilities | 10/49 | €20,622,748 | €21,018,829 | +€396,081 | +1.9% |
| Equity | 10/15 | €3,058,299 | €2,758,639 | -€299,660 | -9.8% |
| Contributions | 10/11 | €2,392,154 | €2,792,154 | +€400,000 | +16.7% |
| Capital | 10 | €2,392,154 | €2,792,154 | +€400,000 | +16.7% |
| Issued capital | 100 | €2,392,154 | €2,792,154 | +€400,000 | +16.7% |
| Reserves | 13 | €666,145 | €169,611 | -€496,534 | -74.5% |
| Non-distributable reserves | 130/1 | €43,311 | €43,311 | = | 0.0% |
| Legal reserve | 130 | €43,311 | €43,311 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,600 | €126,300 | -€126,300 | -50.0% |
| Distributable reserves | 133 | €370,234 | - | -€370,234 | |
| Profit (loss) carried forward | 14 | €0 | -€203,126 | -€203,126 | |
| Provisions and deferred taxes | 16 | €133,750 | €191,759 | +€58,009 | +43.4% |
| Provisions for liabilities and charges | 160/5 | €133,750 | €191,759 | +€58,009 | +43.4% |
| Environmental obligations | 163 | €133,750 | €191,759 | +€58,009 | +43.4% |
| Amounts payable | 17/49 | €17,430,699 | €18,068,431 | +€637,732 | +3.7% |
| Amounts payable after more than one year | 17 | €1,958,881 | €3,721,538 | +€1.8m | +90.0% |
| Financial debts | 170/4 | €1,958,881 | €3,721,538 | +€1.8m | +90.0% |
| Subordinated loans | 170 | - | €558,639 | +€558,639 | |
| Credit institutions | 173 | €843,881 | €597,899 | -€245,982 | -29.1% |
| Other loans | 174 | €1,115,000 | €2,565,000 | +€1.5m | +130% |
| Amounts payable within one year | 42/48 | €15,455,588 | €14,283,914 | -€1.2m | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €2,656,074 | €594,438 | -€2.1m | -77.6% |
| Financial debts | 43 | €10,372,823 | €9,852,285 | -€520,538 | -5.0% |
| Credit institutions | 430/8 | €10,372,823 | €9,852,285 | -€520,538 | -5.0% |
| Trade debts | 44 | €1,463,050 | €2,565,775 | +€1.1m | +75.4% |
| Suppliers | 440/4 | €1,463,050 | €2,565,775 | +€1.1m | +75.4% |
| Advances received on contracts in progress | 46 | €571,749 | €1,021,359 | +€449,610 | +78.6% |
| Taxes, remuneration and social security | 45 | €389,791 | €247,856 | -€141,934 | -36.4% |
| Taxes | 450/3 | €274,079 | €197,617 | -€76,462 | -27.9% |
| Remuneration and social security | 454/9 | €115,712 | €50,239 | -€65,473 | -56.6% |
| Other amounts payable | 47/48 | €2,100 | €2,200 | +€100 | +4.8% |
| Accrued charges and deferred income | 492/3 | €16,230 | €62,979 | +€46,749 | +288% |
| Operating income | 70/76A | €7,489,665 | €14,948,997 | +€7.5m | +99.6% |
| Turnover | 70 | €8,090,067 | €15,088,966 | +€7.0m | +86.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€693,675 | -€213,265 | +€480,409 | +69.3% |
| Other operating income | 74 | €90,310 | €63,603 | -€26,707 | -29.6% |
| Non-recurring operating income | 76A | €2,962 | €9,693 | +€6,731 | +227% |
| Operating charges | 60/66A | €8,422,989 | €15,133,065 | +€6.7m | +79.7% |
| Goods for resale, raw materials and consumables | 60 | €6,180,878 | €13,044,097 | +€6.9m | +111% |
| Purchases | 600/8 | €11,068,186 | €11,339,145 | +€270,959 | +2.4% |
| Change in stocks: decrease (increase) | 609 | -€4,887,308 | €1,704,952 | +€6.6m | |
| Services and other goods | 61 | €1,335,902 | €1,384,588 | +€48,687 | +3.6% |
| Remuneration, social security and pensions | 62 | €697,041 | €526,511 | -€170,530 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,570 | €97,824 | -€19,746 | -16.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €58,009 | +€58,009 | |
| Other operating charges | 640/8 | €91,599 | €22,036 | -€69,563 | -75.9% |
| Operating profit (loss) | 9901 | -€933,325 | -€184,068 | +€749,257 | +80.3% |
| Financial income | 75/76B | €2,633 | €7,817 | +€5,184 | +197% |
| Recurring financial income | 75 | €2,633 | €7,817 | +€5,184 | +197% |
| Income from current assets | 751 | €273 | €168 | -€105 | -38.4% |
| Other financial income | 752/9 | €2,360 | €7,649 | +€5,289 | +224% |
| Financial charges | 65/66B | €424,761 | €521,819 | +€97,058 | +22.8% |
| Recurring financial charges | 65 | €424,761 | €521,819 | +€97,058 | +22.8% |
| Debt charges | 650 | €413,387 | €311,442 | -€101,945 | -24.7% |
| Other financial charges | 652/9 | €11,374 | €210,377 | +€199,002 | +1,750% |
| Profit (loss) for the period before taxes | 9903 | -€1,355,452 | -€698,070 | +€657,383 | +48.5% |
| Income taxes | 67/77 | €6,181 | €1,591 | -€4,590 | -74.3% |
| Taxes | 670/3 | €6,181 | €1,591 | -€4,590 | -74.3% |
| Profit (loss) for the period | 9904 | -€1,361,633 | -€699,660 | +€661,973 | +48.6% |
| Transfer from tax-exempt reserves | 789 | €378,900 | €126,300 | -€252,600 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€982,733 | -€573,360 | +€409,373 | +41.7% |
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 23 October 2026 via checked.be.