Homelab Construct: 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.
Homelab Construct
Largest movements
- Cash +€463,388
up €463,388 (+1151.0%), from €40,260 to €503,648
mainly Stocks and contracts (+€396,058) and Other debts (+€291,160)
- Stocks and contracts -€396,058
down €396,058 (-77.6%), from €510,367 to €114,309
- Tangible fixed assets -€9,589
down €9,589 (-30.7%), from €31,244 to €21,655
of which Leasing and similar rights: -€9,339
- Other debts +€291,160
up €291,160 (+59.8%), from €486,880 to €778,040
- Trade debts -€109,433
down €109,433 (-78.2%), from €139,984 to €30,551
- Profit (loss) carried forward -€101,136
down €101,136 (-30.6%), from -€330,062 to -€431,198
- Tax, wage and social debts -€20,385
down €20,385 (-46.2%), from €44,102 to €23,717
- Debts after one year -€9,254
down €9,254 (-4.1%), from €223,290 to €214,036
- Financial charges -€45,980
down €45,980 (-84.4%), from €54,471 to €8,491
- Gross operating margin +€34,987
up €34,987 (+30.2%), from -€115,936 to -€80,949
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €598,090 | €649,449 | +€51,359 | +8.6% |
| Fixed assets | 21/28 | €31,744 | €21,655 | -€10,089 | -31.8% |
| Tangible fixed assets | 22/27 | €31,244 | €21,655 | -€9,589 | -30.7% |
| Plant, machinery and equipment | 23 | €337 | €86 | -€250 | -74.4% |
| Leasing and similar rights | 25 | €30,908 | €21,569 | -€9,339 | -30.2% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €566,346 | €627,794 | +€61,448 | +10.8% |
| Stocks and contracts in progress | 3 | €510,367 | €114,309 | -€396,058 | -77.6% |
| Stocks | 30/36 | €510,367 | €114,309 | -€396,058 | -77.6% |
| Amounts receivable within one year | 40/41 | €13,555 | €9,464 | -€4,091 | -30.2% |
| Trade receivables | 40 | €12,233 | €6,999 | -€5,234 | -42.8% |
| Other amounts receivable | 41 | €1,322 | €2,465 | +€1,143 | +86.5% |
| Cash at bank and in hand | 54/58 | €40,260 | €503,648 | +€463,388 | +1151.0% |
| Deferred charges and accrued income | 490/1 | €2,164 | €373 | -€1,792 | -82.8% |
| Total equity and liabilities | 10/49 | €598,090 | €649,449 | +€51,359 | +8.6% |
| Equity | 10/15 | -€305,012 | -€406,148 | -€101,136 | -33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,450 | €6,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,590 | €4,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€330,062 | -€431,198 | -€101,136 | -30.6% |
| Amounts payable | 17/49 | €903,102 | €1,055,597 | +€152,495 | +16.9% |
| Amounts payable after more than one year | 17 | €223,290 | €214,036 | -€9,254 | -4.1% |
| Financial debts | 170/4 | €223,290 | €214,036 | -€9,254 | -4.1% |
| Amounts payable within one year | 42/48 | €679,813 | €841,562 | +€161,749 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €8,847 | €9,254 | +€407 | +4.6% |
| Trade debts | 44 | €139,984 | €30,551 | -€109,433 | -78.2% |
| Suppliers | 440/4 | €139,984 | €30,551 | -€109,433 | -78.2% |
| Taxes, remuneration and social security | 45 | €44,102 | €23,717 | -€20,385 | -46.2% |
| Taxes | 450/3 | €44,102 | €23,717 | -€20,385 | -46.2% |
| Other amounts payable | 47/48 | €486,880 | €778,040 | +€291,160 | +59.8% |
| Remuneration, social security and pensions | 62 | €607 | €119 | -€487 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,820 | €9,589 | -€231 | -2.4% |
| Other operating charges | 640/8 | €2,929 | €1,945 | -€984 | -33.6% |
| Gross operating margin | 9900 | -€115,936 | -€80,949 | +€34,987 | +30.2% |
| Operating profit (loss) | 9901 | -€129,292 | -€92,602 | +€36,690 | +28.4% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €54,471 | €8,491 | -€45,980 | -84.4% |
| Recurring financial charges | 65 | €54,471 | €8,491 | -€45,980 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | -€183,763 | -€101,083 | +€82,680 | +45.0% |
| Income taxes | 67/77 | €180 | €53 | -€126 | -70.2% |
| Profit (loss) for the period | 9904 | -€183,942 | -€101,136 | +€82,806 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€183,942 | -€101,136 | +€82,806 | +45.0% |
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 7 October 2026 via checked.be.