HABITAT INVESDRE: 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 INVESDRE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,574
2024 · €13,668+€12,906
Equity
€2.9m
2024 · €2.5m+€363,047
Cash
€23,024
2024 · €41,739-€18,714
Balance sheet total
€4.3m
2024 · €3.8m+€499,003
Largest movements
Assets
- Tangible fixed assets +€953,568
up €953,568 (+39.0%), from €2.4m to €3.4m
of which Land and buildings: +€818,768
- Current investments -€356,076
down €356,076 (-90.0%), from €395,558 to €39,481
- Receivables within one year -€62,481
down €62,481 (-33.0%), from €189,251 to €126,771
of which Other amounts receivable: -€70,458
Equity and liabilities
- Short-term financial debts +€190,000
new in 2025: €190,000
- Contributions +€180,000
up €180,000 (+18.3%), from €986,000 to €1.2m
- Investment grants +€168,353
up €168,353 (+11.3%), from €1.5m to €1.7m
- Accrued charges and deferred income -€134,075
down €134,075 (-69.4%), from €193,112 to €59,036
- Provisions +€56,118
up €56,118 (+11.3%), from €497,797 to €553,915
Income statement
- Staff costs +€20,050
up €20,050 (+18.5%), from €108,325 to €128,375
- Gross operating margin +€14,035
up €14,035 (+6.4%), from €218,166 to €232,201
- Other operating charges +€10,953
up €10,953 (+118%), from €9,319 to €20,271
- Taxes +€4,879
up €4,879 (+103%), from €4,740 to €9,619
- Depreciation +€2,390
up €2,390 (+4.5%), from €53,083 to €55,473
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
€13,668
Gross operating margin
+€14,035
Staff costs
-€20,050
Depreciation
-€2,390
Other operating charges
-€10,953
Other operating items
+€36,261
Financial income
+€1,190
Financial charges
-€1,825
Taxes
-€4,879
Deferred taxes and other
+€1,516
Result 2025
€26,574
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
+€132,737
Investment
-€655,645
Financing
+€504,193
Cash 2024
€41,739
From operations (derived)
+€132,737
Net result for the year
+€26,574
Depreciation
+€55,473
Receivables after one year
+€17,712
Receivables within one year
+€62,481
Smaller working-capital items
+€3,071
Provisions
+€56,118
Trade debts
+€41,466
Other debts
+€3,919
Accrued charges and deferred income
-€134,075
Investment (derived)
-€655,645
Investment in fixed assets (net)
-€1.0m
Current investments
+€356,076
Financing
+€504,193
Debts after one year
-€22,775
Current portion of long-term debt
+€495
Short-term financial debts
+€190,000
Contributions, distributions and other
+€336,473
Cash 2025
€23,024
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,758,493 | €4,257,496 | +€499,003 | +13.3% |
| Formation expenses | 20 | €1,645 | €1,325 | -€320 | -19.5% |
| Fixed assets | 21/28 | €2,445,873 | €3,402,441 | +€956,568 | +39.1% |
| Tangible fixed assets | 22/27 | €2,442,348 | €3,395,916 | +€953,568 | +39.0% |
| Land and buildings | 22 | €1,696,222 | €2,514,990 | +€818,768 | +48.3% |
| Furniture and vehicles | 24 | €920 | €496 | -€424 | -46.1% |
| Other tangible fixed assets | 26 | €63,904 | €61,834 | -€2,070 | -3.2% |
| Assets under construction and advance payments | 27 | €681,302 | €818,596 | +€137,294 | +20.2% |
| Financial fixed assets | 28 | €3,525 | €6,525 | +€3,000 | +85.1% |
| Current assets | 29/58 | €1,310,975 | €853,730 | -€457,245 | -34.9% |
| Amounts receivable after more than one year | 29 | €667,850 | €650,138 | -€17,712 | -2.7% |
| Other amounts receivable | 291 | €667,850 | €650,138 | -€17,712 | -2.7% |
| Amounts receivable within one year | 40/41 | €189,251 | €126,771 | -€62,481 | -33.0% |
| Trade receivables | 40 | - | €7,977 | +€7,977 | |
| Other amounts receivable | 41 | €189,251 | €118,794 | -€70,458 | -37.2% |
| Current investments | 50/53 | €395,558 | €39,481 | -€356,076 | -90.0% |
| Cash at bank and in hand | 54/58 | €41,739 | €23,024 | -€18,714 | -44.8% |
| Deferred charges and accrued income | 490/1 | €16,577 | €14,315 | -€2,262 | -13.6% |
| Total equity and liabilities | 10/49 | €3,758,493 | €4,257,496 | +€499,003 | +13.3% |
| Equity | 10/15 | €2,489,016 | €2,852,063 | +€363,047 | +14.6% |
| Contributions | 10/11 | €986,000 | €1,166,000 | +€180,000 | +18.3% |
| Reserves | 13 | €351 | €351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €351 | €351 | = | 0.0% |
| Reserves not available under the articles | 1311 | €351 | €351 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,273 | €23,967 | +€14,694 | +158% |
| Investment grants | 15 | €1,493,392 | €1,661,744 | +€168,353 | +11.3% |
| Provisions and deferred taxes | 16 | €497,797 | €553,915 | +€56,118 | +11.3% |
| Deferred taxes | 168 | €497,797 | €553,915 | +€56,118 | +11.3% |
| Amounts payable | 17/49 | €771,680 | €851,519 | +€79,838 | +10.3% |
| Amounts payable after more than one year | 17 | €505,491 | €482,716 | -€22,775 | -4.5% |
| Financial debts | 170/4 | €505,491 | €482,716 | -€22,775 | -4.5% |
| Amounts payable within one year | 42/48 | €73,078 | €309,766 | +€236,688 | +324% |
| Current portion of amounts payable after more than one year | 42 | €33,343 | €33,839 | +€495 | +1.5% |
| Financial debts | 43 | - | €190,000 | +€190,000 | |
| Credit institutions | 430/8 | - | €190,000 | +€190,000 | |
| Trade debts | 44 | €1,620 | €43,086 | +€41,466 | +2,560% |
| Suppliers | 440/4 | €1,620 | €43,086 | +€41,466 | +2,560% |
| Taxes, remuneration and social security | 45 | €20,586 | €21,395 | +€809 | +3.9% |
| Taxes | 450/3 | €2,003 | €3,881 | +€1,878 | +93.7% |
| Remuneration and social security | 454/9 | €18,583 | €17,513 | -€1,069 | -5.8% |
| Other amounts payable | 47/48 | €17,528 | €21,447 | +€3,919 | +22.4% |
| Accrued charges and deferred income | 492/3 | €193,112 | €59,036 | -€134,075 | -69.4% |
| Non-recurring operating income | 76A | - | €1,139 | +€1,139 | |
| Remuneration, social security and pensions | 62 | €108,325 | €128,375 | +€20,050 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,083 | €55,473 | +€2,390 | +4.5% |
| Other operating charges | 640/8 | €9,319 | €20,271 | +€10,953 | +118% |
| Non-recurring operating charges | 66A | €36,261 | - | -€36,261 | |
| Gross operating margin | 9900 | €218,166 | €232,201 | +€14,035 | +6.4% |
| Operating profit (loss) | 9901 | €11,178 | €28,082 | +€16,904 | +151% |
| Financial income | 75/76B | €15,194 | €16,384 | +€1,190 | +7.8% |
| Recurring financial income | 75 | €15,194 | €16,384 | +€1,190 | +7.8% |
| Financial charges | 65/66B | €11,086 | €12,911 | +€1,825 | +16.5% |
| Recurring financial charges | 65 | €11,086 | €12,911 | +€1,825 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €15,285 | €31,555 | +€16,270 | +106% |
| Transfer from deferred taxes | 780 | €3,122 | €4,638 | +€1,516 | +48.5% |
| Income taxes | 67/77 | €4,740 | €9,619 | +€4,879 | +103% |
| Profit (loss) for the period | 9904 | €13,668 | €26,574 | +€12,906 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,668 | €26,574 | +€12,906 | +94.4% |
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 17 October 2026 via checked.be.