High-end Homes: 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.
High-end Homes
Largest movements
- Stocks and contracts +€637,055
up €637,055 (+814%), from €78,250 to €715,305
- Receivables after one year -€70,750
down €70,750 (-52.1%), from €135,750 to €65,000
- Tangible fixed assets +€9,042
new in 2025: €9,042
- Short-term financial debts +€570,000
new in 2025: €570,000
- Debts after one year +€21,500
up €21,500 (+28.7%), from €75,000 to €96,500
- Reserves -€16,140
down €16,140 (-17.5%), from €92,050 to €75,909
- Gross operating margin -€8,441
down €8,441 (-257%), from -€3,288 to -€11,728
- Financial income -€4,942
down €4,942 (-100%), from €4,942 to €0
- Depreciation +€1,459
up €1,459, from €0 to €1,459
- Other operating charges +€1,015
up €1,015 (+120%), from €848 to €1,863
- Financial charges +€490
up €490 (+81.7%), from €600 to €1,091
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 | €220,665 | €796,719 | +€576,054 | +261% |
| Fixed assets | 21/28 | - | €9,042 | +€9,042 | |
| Tangible fixed assets | 22/27 | - | €9,042 | +€9,042 | |
| Furniture and vehicles | 24 | - | €9,042 | +€9,042 | |
| Current assets | 29/58 | €220,665 | €787,678 | +€567,012 | +257% |
| Amounts receivable after more than one year | 29 | €135,750 | €65,000 | -€70,750 | -52.1% |
| Other amounts receivable | 291 | €135,750 | €65,000 | -€70,750 | -52.1% |
| Stocks and contracts in progress | 3 | €78,250 | €715,305 | +€637,055 | +814% |
| Stocks | 30/36 | €78,250 | €715,305 | +€637,055 | +814% |
| Amounts receivable within one year | 40/41 | €3,844 | €2,499 | -€1,345 | -35.0% |
| Other amounts receivable | 41 | €3,844 | €2,499 | -€1,345 | -35.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,821 | €4,874 | +€2,052 | +72.7% |
| Total equity and liabilities | 10/49 | €220,665 | €796,719 | +€576,054 | +261% |
| Equity | 10/15 | €142,050 | €125,909 | -€16,140 | -11.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €92,050 | €75,909 | -€16,140 | -17.5% |
| Distributable reserves | 133 | €92,050 | €75,909 | -€16,140 | -17.5% |
| Amounts payable | 17/49 | €78,616 | €670,810 | +€592,194 | +753% |
| Amounts payable after more than one year | 17 | €75,000 | €96,500 | +€21,500 | +28.7% |
| Other amounts payable | 178/9 | €75,000 | €96,500 | +€21,500 | +28.7% |
| Amounts payable within one year | 42/48 | €3,616 | €573,635 | +€570,019 | +15,765% |
| Financial debts | 43 | - | €570,000 | +€570,000 | |
| Credit institutions | 430/8 | - | €570,000 | +€570,000 | |
| Trade debts | 44 | €0 | €422 | +€422 | |
| Suppliers | 440/4 | €0 | €422 | +€422 | |
| Taxes, remuneration and social security | 45 | €1,225 | €0 | -€1,225 | -100% |
| Taxes | 450/3 | €1,225 | €0 | -€1,225 | -100% |
| Other amounts payable | 47/48 | €2,391 | €3,213 | +€822 | +34.4% |
| Accrued charges and deferred income | 492/3 | - | €675 | +€675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,459 | +€1,459 | |
| Other operating charges | 640/8 | €848 | €1,863 | +€1,015 | +120% |
| Gross operating margin | 9900 | -€3,288 | -€11,728 | -€8,441 | -257% |
| Operating profit (loss) | 9901 | -€4,136 | -€15,050 | -€10,914 | -264% |
| Financial income | 75/76B | €4,942 | €0 | -€4,942 | -100% |
| Recurring financial income | 75 | €4,942 | €0 | -€4,942 | -100% |
| Financial charges | 65/66B | €600 | €1,091 | +€490 | +81.7% |
| Recurring financial charges | 65 | €600 | €1,091 | +€490 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | €206 | -€16,140 | -€16,346 | |
| Income taxes | 67/77 | €77 | €0 | -€77 | -100% |
| Profit (loss) for the period | 9904 | €128 | -€16,140 | -€16,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €128 | -€16,140 | -€16,269 |
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 19 October 2026 via checked.be.