HIGH 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
HIGH CONCEPT
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€64,804
2024 · €183,231-€118,427
Equity
€997,059
2024 · €932,255+€64,804
Cash
€13,686
2024 · €6,180+€7,507
Balance sheet total
€6.6m
2024 · €5.7m+€855,514
Largest movements
Assets
- Deferred charges and accrued income +€646,258
up €646,258 (+12,784%), from €5,055 to €651,313
- Receivables within one year +€314,173
up €314,173 (+62.7%), from €501,198 to €815,371
of which Other amounts receivable: +€194,171
Equity and liabilities
- Debts after one year +€489,369
up €489,369 (+20.4%), from €2.4m to €2.9m
- Other debts +€284,966
up €284,966 (+13.5%), from €2.1m to €2.4m
Income statement
- Financial income -€51,138
down €51,138 (-6.9%), from €742,963 to €691,825
of which Non-recurring financial income: -€51,590
- Gross operating margin -€37,504
down €37,504 (-20.9%), from -€179,177 to -€216,681
- Other operating charges -€35,893
down €35,893 (-61.8%), from €58,118 to €22,224
- Financial charges +€25,576
up €25,576 (+28.6%), from €89,275 to €114,851
- Depreciation +€22,243
up €22,243 (+10.4%), from €214,381 to €236,625
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
€183,231
Gross operating margin
-€37,504
Depreciation
-€22,243
Other operating charges
+€35,893
Other operating items
-€24,416
Financial income
-€51,138
Financial charges
-€25,576
Taxes
+€6,557
Result 2025
€64,804
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
-€287,268
Investment
-€188,514
Financing
+€483,288
Cash 2024
€6,180
From operations (derived)
-€287,268
Net result for the year
+€64,804
Depreciation
+€236,625
Receivables after one year
+€64,312
Receivables within one year
-€314,173
Deferred charges and accrued income
-€646,258
Trade debts
-€17,435
Tax, wage and social debts
+€39,891
Other debts
+€284,966
Investment (derived)
-€188,514
Investment in fixed assets (net)
-€188,514
Financing
+€483,288
Debts after one year
+€489,369
Current portion of long-term debt
-€290
Short-term financial debts
-€5,790
Cash 2025
€13,686
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,698,328 | €6,553,842 | +€855,514 | +15.0% |
| Fixed assets | 21/28 | €3,882,395 | €3,834,284 | -€48,111 | -1.2% |
| Tangible fixed assets | 22/27 | €3,092,929 | €3,048,818 | -€44,111 | -1.4% |
| Land and buildings | 22 | €2,835,752 | €2,704,776 | -€130,976 | -4.6% |
| Plant, machinery and equipment | 23 | €18,151 | €37,427 | +€19,276 | +106% |
| Furniture and vehicles | 24 | €239,026 | €202,077 | -€36,950 | -15.5% |
| Other tangible fixed assets | 26 | - | €104,538 | +€104,538 | |
| Financial fixed assets | 28 | €789,466 | €785,466 | -€4,000 | -0.5% |
| Current assets | 29/58 | €1,815,933 | €2,719,558 | +€903,625 | +49.8% |
| Amounts receivable after more than one year | 29 | €1,303,500 | €1,239,188 | -€64,312 | -4.9% |
| Other amounts receivable | 291 | €1,303,500 | €1,239,188 | -€64,312 | -4.9% |
| Amounts receivable within one year | 40/41 | €501,198 | €815,371 | +€314,173 | +62.7% |
| Trade receivables | 40 | €278,553 | €398,555 | +€120,002 | +43.1% |
| Other amounts receivable | 41 | €222,644 | €416,816 | +€194,171 | +87.2% |
| Cash at bank and in hand | 54/58 | €6,180 | €13,686 | +€7,507 | +121% |
| Deferred charges and accrued income | 490/1 | €5,055 | €651,313 | +€646,258 | +12,784% |
| Total equity and liabilities | 10/49 | €5,698,328 | €6,553,842 | +€855,514 | +15.0% |
| Equity | 10/15 | €932,255 | €997,059 | +€64,804 | +7.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €644,300 | €708,800 | +€64,500 | +10.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €641,200 | €705,700 | +€64,500 | +10.1% |
| Profit (loss) carried forward | 14 | €225,955 | €226,259 | +€304 | +0.1% |
| Amounts payable | 17/49 | €4,766,074 | €5,556,783 | +€790,710 | +16.6% |
| Amounts payable after more than one year | 17 | €2,395,611 | €2,884,980 | +€489,369 | +20.4% |
| Financial debts | 170/4 | €2,395,611 | €2,884,980 | +€489,369 | +20.4% |
| Amounts payable within one year | 42/48 | €2,370,462 | €2,671,803 | +€301,341 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €174,895 | €174,605 | -€290 | -0.2% |
| Financial debts | 43 | €42,450 | €36,660 | -€5,790 | -13.6% |
| Credit institutions | 430/8 | €42,450 | €36,660 | -€5,790 | -13.6% |
| Trade debts | 44 | €38,474 | €21,039 | -€17,435 | -45.3% |
| Suppliers | 440/4 | €38,474 | €21,039 | -€17,435 | -45.3% |
| Taxes, remuneration and social security | 45 | €8,745 | €48,636 | +€39,891 | +456% |
| Taxes | 450/3 | €8,476 | €48,636 | +€40,160 | +474% |
| Remuneration and social security | 454/9 | €270 | - | -€270 | |
| Other amounts payable | 47/48 | €2,105,898 | €2,390,864 | +€284,966 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,381 | €236,625 | +€22,243 | +10.4% |
| Other operating charges | 640/8 | €58,118 | €22,224 | -€35,893 | -61.8% |
| Non-recurring operating charges | 66A | - | €24,416 | +€24,416 | |
| Gross operating margin | 9900 | -€179,177 | -€216,681 | -€37,504 | -20.9% |
| Operating profit (loss) | 9901 | -€451,676 | -€499,946 | -€48,270 | -10.7% |
| Financial income | 75/76B | €742,963 | €691,825 | -€51,138 | -6.9% |
| Recurring financial income | 75 | €1,373 | €1,825 | +€452 | +32.9% |
| Non-recurring financial income | 76B | €741,590 | €690,000 | -€51,590 | -7.0% |
| Financial charges | 65/66B | €89,275 | €114,851 | +€25,576 | +28.6% |
| Recurring financial charges | 65 | €89,275 | €114,851 | +€25,576 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €202,011 | €77,028 | -€124,983 | -61.9% |
| Income taxes | 67/77 | €18,780 | €12,224 | -€6,557 | -34.9% |
| Profit (loss) for the period | 9904 | €183,231 | €64,804 | -€118,427 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €183,231 | €64,804 | -€118,427 | -64.6% |
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 24 October 2026 via checked.be.