@ HOME: what changed
Two fiscal 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
@ HOME
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€725,659
2024 · €317,468+€408,191
Equity
€6.1m
2024 · €2.5m+€3.5m
Cash
€1.3m
2024 · €451,938+€896,426
Balance sheet total
€7.3m
2024 · €3.1m+€4.1m
Largest movements
Assets
- Tangible fixed assets +€3.2m
up €3.2m (+119.9%), from €2.7m to €5.9m
of which Land and buildings: +€2.8m
- Cash +€896,426
up €896,426 (+198.4%), from €451,938 to €1.3m
mainly Contributions, distributions and other (+€2.8m) and Net result for the year (+€725,659)
Equity and liabilities
- Revaluation surpluses +€3.5m
new in 2025: €3.5m
- Other debts +€442,735
up €442,735 (+92.1%), from €480,767 to €923,502
- Provisions +€138,752
up €138,752 (+232.9%), from €59,584 to €198,337
Income statement
- Gross operating margin +€534,442
up €534,442 (+77.1%), from €692,776 to €1.2m
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
€317,468
Gross operating margin
+€534,442
Depreciation
+€4,404
Other operating charges
+€1,605
Financial income
+€2,849
Financial charges
+€793
Taxes
+€7,999
Deferred taxes and other
-€143,901
Result 2025
€725,659
Cash bridge derived
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
+€1.5m
Investment
-€3.4m
Financing
+€2.8m
Cash 2024
€451,938
From operations (derived)
+€1.5m
Net result for the year
+€725,659
Depreciation
+€235,750
Receivables within one year
-€15,358
Smaller working-capital items
+€3,448
Provisions
+€138,752
Other debts
+€442,735
Investment (derived)
-€3.4m
Investment in fixed assets (net)
-€3.4m
Financing
+€2.8m
Current portion of long-term debt
+€10,084
Contributions, distributions and other
+€2.8m
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,137,145 | €7,257,138 | +€4.1m | +131.3% |
| Fixed assets | 21/28 | €2,679,616 | €5,888,871 | +€3.2m | +119.8% |
| Tangible fixed assets | 22/27 | €2,677,116 | €5,886,371 | +€3.2m | +119.9% |
| Land and buildings | 22 | €1,177,151 | €3,993,533 | +€2.8m | +239.3% |
| Plant, machinery and equipment | 23 | €1,410,744 | €1,822,603 | +€411,859 | +29.2% |
| Furniture and vehicles | 24 | €89,220 | €70,234 | -€18,986 | -21.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €457,530 | €1,368,267 | +€910,738 | +199.1% |
| Amounts receivable within one year | 40/41 | €4,269 | €19,628 | +€15,358 | +359.7% |
| Other amounts receivable | 41 | €4,269 | €19,628 | +€15,358 | +359.7% |
| Cash at bank and in hand | 54/58 | €451,938 | €1,348,364 | +€896,426 | +198.4% |
| Deferred charges and accrued income | 490/1 | €1,322 | €276 | -€1,046 | -79.1% |
| Total equity and liabilities | 10/49 | €3,137,145 | €7,257,138 | +€4.1m | +131.3% |
| Equity | 10/15 | €2,541,891 | €6,067,910 | +€3.5m | +138.7% |
| Contributions | 10/11 | €24,917 | €24,917 | = | 0.0% |
| Revaluation surpluses | 12 | - | €3,466,855 | +€3.5m | |
| Reserves | 13 | €2,009,434 | €2,079,801 | +€70,367 | +3.5% |
| Non-distributable reserves | 130/1 | €2,492 | €2,492 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,492 | €2,492 | = | 0.0% |
| Tax-exempt reserves | 132 | €123,111 | €544,324 | +€421,212 | +342.1% |
| Distributable reserves | 133 | €1,883,831 | €1,532,985 | -€350,846 | -18.6% |
| Profit (loss) carried forward | 14 | €361,910 | €361,910 | = | 0.0% |
| Investment grants | 15 | €145,629 | €134,427 | -€11,202 | -7.7% |
| Provisions and deferred taxes | 16 | €59,584 | €198,337 | +€138,752 | +232.9% |
| Deferred taxes | 168 | €59,584 | €198,337 | +€138,752 | +232.9% |
| Amounts payable | 17/49 | €535,671 | €990,892 | +€455,221 | +85.0% |
| Amounts payable after more than one year | 17 | €26,604 | €26,604 | = | 0.0% |
| Other amounts payable | 178/9 | €26,604 | €26,604 | = | 0.0% |
| Amounts payable within one year | 42/48 | €509,066 | €964,287 | +€455,221 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,084 | +€10,084 | |
| Trade debts | 44 | €1,792 | €257 | -€1,535 | -85.7% |
| Suppliers | 440/4 | €1,792 | €257 | -€1,535 | -85.7% |
| Taxes, remuneration and social security | 45 | €26,508 | €30,445 | +€3,937 | +14.9% |
| Taxes | 450/3 | €26,508 | €30,445 | +€3,937 | +14.9% |
| Other amounts payable | 47/48 | €480,767 | €923,502 | +€442,735 | +92.1% |
| Non-recurring operating income | 76A | €20,341 | €575,605 | +€555,264 | +2729.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,153 | €235,750 | -€4,404 | -1.8% |
| Other operating charges | 640/8 | €3,745 | €2,140 | -€1,605 | -42.9% |
| Gross operating margin | 9900 | €692,776 | €1,227,217 | +€534,442 | +77.1% |
| Operating profit (loss) | 9901 | €448,878 | €989,328 | +€540,451 | +120.4% |
| Financial income | 75/76B | €12,849 | €15,698 | +€2,849 | +22.2% |
| Recurring financial income | 75 | €12,849 | €15,698 | +€2,849 | +22.2% |
| Financial charges | 65/66B | €2,406 | €1,613 | -€793 | -33.0% |
| Recurring financial charges | 65 | €2,406 | €1,613 | -€793 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €459,321 | €1,003,414 | +€544,093 | +118.5% |
| Transfer from deferred taxes | 780 | €5,149 | €5,149 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €143,901 | +€143,901 | |
| Income taxes | 67/77 | €147,002 | €139,003 | -€7,999 | -5.4% |
| Profit (loss) for the period | 9904 | €317,468 | €725,659 | +€408,191 | +128.6% |
| Transfer from tax-exempt reserves | 789 | €10,491 | €10,491 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €431,703 | +€431,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €327,959 | €304,447 | -€23,513 | -7.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.