HOME PARTNERS: 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
HOME PARTNERS
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
-€161,124
2024 · -€219,595+€58,471
Equity
€58,653
2024 · €219,777-€161,124
Cash
€2,327
2024 · €39,243-€36,916
Balance sheet total
€8.6m
2024 · €7.9m+€674,985
Largest movements
Assets
- Tangible fixed assets +€595,402
up €595,402 (+8.5%), from €7.0m to €7.6m
of which Assets under construction and advance payments: +€628,093
- Receivables within one year +€107,794
up €107,794 (+19.9%), from €542,984 to €650,779
of which Other amounts receivable: +€100,840
Equity and liabilities
- Other debts +€611,549
up €611,549 (+13.3%), from €4.6m to €5.2m
- Profit (loss) carried forward -€143,882
down €143,882 (-27.9%), from -€515,355 to -€659,237
- Trade debts +€121,337
up €121,337 (+158%), from €76,933 to €198,270
- Current portion of long-term debt +€105,007
up €105,007 (+41.7%), from €251,859 to €356,866
Income statement
- Turnover +€104,939
up €104,939 (+26.9%), from €390,387 to €495,326
- Gross operating margin +€73,795
up €73,795 (+27.2%), from €271,771 to €345,566
- Depreciation +€49,678
up €49,678 (+17.2%), from €288,606 to €338,284
- Other operating charges -€38,789
down €38,789 (-33.8%), from €114,604 to €75,815
- Purchases and services +€33,969
up €33,969 (+27.6%), from €123,147 to €157,117
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
-€219,595
Gross operating margin
+€73,795
Depreciation
-€49,678
Write-downs
-€1,814
Other operating charges
+€38,789
Financial income
+€8,705
Financial charges
-€11,325
Result 2025
-€161,124
raises the resultlowers the result
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
+€785,406
Investment
-€933,686
Financing
+€111,364
Cash 2024
€39,243
From operations (derived)
+€785,406
Net result for the year
-€161,124
Depreciation
+€338,284
Receivables within one year
-€107,794
Deferred charges and accrued income
-€8,705
Provisions
-€5,759
Trade debts
+€121,337
Tax, wage and social debts
+€316
Other debts
+€611,549
Accrued charges and deferred income
-€2,697
Investment (derived)
-€933,686
Investment in fixed assets (net)
-€933,686
Financing
+€111,364
Debts after one year
+€22,293
Current portion of long-term debt
+€105,007
Short-term financial debts
-€15,935
Contributions, distributions and other
+€0
Cash 2025
€2,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,883,453 | €8,558,438 | +€674,985 | +8.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €7,285,470 | €7,880,872 | +€595,402 | +8.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €6,999,925 | €7,595,327 | +€595,402 | +8.5% |
| Land and buildings | 22 | €6,212,204 | €6,181,249 | -€30,955 | -0.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €17,808 | €16,071 | -€1,737 | -9.8% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | €769,914 | €1,398,007 | +€628,093 | +81.6% |
| Financial fixed assets | 28 | €285,545 | €285,545 | = | 0.0% |
| Current assets | 29/58 | €597,983 | €677,566 | +€79,583 | +13.3% |
| Amounts receivable within one year | 40/41 | €542,984 | €650,779 | +€107,794 | +19.9% |
| Trade receivables | 40 | €63,866 | €70,820 | +€6,955 | +10.9% |
| Other amounts receivable | 41 | €479,119 | €579,958 | +€100,840 | +21.0% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €39,243 | €2,327 | -€36,916 | -94.1% |
| Deferred charges and accrued income | 490/1 | €15,756 | €24,461 | +€8,705 | +55.3% |
| Total equity and liabilities | 10/49 | €7,883,453 | €8,558,438 | +€674,985 | +8.6% |
| Equity | 10/15 | €219,777 | €58,653 | -€161,124 | -73.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €535,132 | €517,890 | -€17,242 | -3.2% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Tax-exempt reserves | 132 | €506,069 | €488,828 | -€17,242 | -3.4% |
| Distributable reserves | 133 | €9,231 | €9,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€515,355 | -€659,237 | -€143,882 | -27.9% |
| Provisions and deferred taxes | 16 | €246,082 | €240,323 | -€5,759 | -2.3% |
| Provisions for liabilities and charges | 160/5 | €77,054 | €77,054 | = | 0.0% |
| Taxes | 161 | €77,054 | €77,054 | = | 0.0% |
| Deferred taxes | 168 | €169,028 | €163,269 | -€5,759 | -3.4% |
| Amounts payable | 17/49 | €7,417,594 | €8,259,462 | +€841,868 | +11.3% |
| Amounts payable after more than one year | 17 | €2,404,749 | €2,427,042 | +€22,293 | +0.9% |
| Financial debts | 170/4 | €2,404,749 | €2,427,042 | +€22,293 | +0.9% |
| Amounts payable within one year | 42/48 | €4,957,267 | €5,779,539 | +€822,272 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €251,859 | €356,866 | +€105,007 | +41.7% |
| Financial debts | 43 | €25,000 | €9,065 | -€15,935 | -63.7% |
| Credit institutions | 430/8 | €25,000 | €9,065 | -€15,935 | -63.7% |
| Trade debts | 44 | €76,933 | €198,270 | +€121,337 | +158% |
| Suppliers | 440/4 | €76,933 | €198,270 | +€121,337 | +158% |
| Taxes, remuneration and social security | 45 | €2,563 | €2,878 | +€316 | +12.3% |
| Taxes | 450/3 | €2,563 | €2,878 | +€316 | +12.3% |
| Other amounts payable | 47/48 | €4,600,912 | €5,212,461 | +€611,549 | +13.3% |
| Accrued charges and deferred income | 492/3 | €55,579 | €52,882 | -€2,697 | -4.9% |
| Turnover | 70 | €390,387 | €495,326 | +€104,939 | +26.9% |
| Non-recurring operating income | 76A | - | €1,245 | +€1,245 | |
| Goods, raw materials, services and sundry goods | 60/61 | €123,147 | €157,117 | +€33,969 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288,606 | €338,284 | +€49,678 | +17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,814 | €0 | +€1,814 | |
| Other operating charges | 640/8 | €114,604 | €75,815 | -€38,789 | -33.8% |
| Gross operating margin | 9900 | €271,771 | €345,566 | +€73,795 | +27.2% |
| Operating profit (loss) | 9901 | -€129,625 | -€68,534 | +€61,092 | +47.1% |
| Financial income | 75/76B | €10,254 | €18,959 | +€8,705 | +84.9% |
| Recurring financial income | 75 | €10,254 | €18,959 | +€8,705 | +84.9% |
| Financial charges | 65/66B | €105,983 | €117,309 | +€11,325 | +10.7% |
| Recurring financial charges | 65 | €105,983 | €117,309 | +€11,325 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€225,354 | -€166,883 | +€58,471 | +25.9% |
| Transfer from deferred taxes | 780 | €5,759 | €5,759 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€219,595 | -€161,124 | +€58,471 | +26.6% |
| Transfer from tax-exempt reserves | 789 | €17,242 | €17,242 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€202,353 | -€143,882 | +€58,471 | +28.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.