HOMES & DREAMS: 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.
HOMES & DREAMS
Largest movements
- Current investments +€195,000
new in 2025: €195,000
- Cash -€152,923
down €152,923 (-31.6%), from €484,192 to €331,269
mainly Current investments (-€195,000) and Receivables within one year (-€25,095)
- Receivables within one year +€25,095
up €25,095 (+2.7%), from €914,247 to €939,342
of which Other amounts receivable: +€26,341
- Reserves +€72,171
up €72,171 (+5.4%), from €1.3m to €1.4m
of which Distributable reserves: +€72,171
- Debts after one year -€20,000
down €20,000 (-13.8%), from €145,000 to €125,000
- Gross operating margin +€12,356
up €12,356 (+13.4%), from €92,125 to €104,481
- Taxes +€4,019
up €4,019 (+17.2%), from €23,412 to €27,431
- Financial charges -€3,405
down €3,405 (-25.4%), from €13,425 to €10,019
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 | €1,903,032 | €1,969,981 | +€66,948 | +3.5% |
| Fixed assets | 21/28 | €502,699 | €502,428 | -€270 | -0.1% |
| Tangible fixed assets | 22/27 | €726 | €455 | -€270 | -37.3% |
| Furniture and vehicles | 24 | €726 | €455 | -€270 | -37.3% |
| Financial fixed assets | 28 | €501,973 | €501,973 | = | 0.0% |
| Current assets | 29/58 | €1,400,334 | €1,467,552 | +€67,219 | +4.8% |
| Amounts receivable within one year | 40/41 | €914,247 | €939,342 | +€25,095 | +2.7% |
| Trade receivables | 40 | €61,105 | €59,859 | -€1,246 | -2.0% |
| Other amounts receivable | 41 | €853,142 | €879,484 | +€26,341 | +3.1% |
| Current investments | 50/53 | - | €195,000 | +€195,000 | |
| Cash at bank and in hand | 54/58 | €484,192 | €331,269 | -€152,923 | -31.6% |
| Deferred charges and accrued income | 490/1 | €1,894 | €1,941 | +€47 | +2.5% |
| Total equity and liabilities | 10/49 | €1,903,032 | €1,969,981 | +€66,948 | +3.5% |
| Equity | 10/15 | €1,712,900 | €1,785,071 | +€72,171 | +4.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,341,966 | €1,414,137 | +€72,171 | +5.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,335,769 | €1,407,940 | +€72,171 | +5.4% |
| Profit (loss) carried forward | 14 | €308,961 | €308,961 | = | 0.0% |
| Amounts payable | 17/49 | €190,132 | €184,909 | -€5,223 | -2.7% |
| Amounts payable after more than one year | 17 | €145,000 | €125,000 | -€20,000 | -13.8% |
| Other amounts payable | 178/9 | €145,000 | €125,000 | -€20,000 | -13.8% |
| Amounts payable within one year | 42/48 | €33,136 | €50,830 | +€17,694 | +53.4% |
| Trade debts | 44 | €1,188 | €932 | -€256 | -21.5% |
| Suppliers | 440/4 | €1,188 | €932 | -€256 | -21.5% |
| Taxes, remuneration and social security | 45 | €29,632 | €31,301 | +€1,669 | +5.6% |
| Taxes | 450/3 | €16,293 | €27,940 | +€11,647 | +71.5% |
| Remuneration and social security | 454/9 | €13,339 | €3,361 | -€9,978 | -74.8% |
| Other amounts payable | 47/48 | €2,316 | €18,597 | +€16,281 | +703% |
| Accrued charges and deferred income | 492/3 | €11,996 | €9,079 | -€2,917 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324 | €270 | -€54 | -16.7% |
| Other operating charges | 640/8 | €1,643 | €1,744 | +€100 | +6.1% |
| Gross operating margin | 9900 | €92,125 | €104,481 | +€12,356 | +13.4% |
| Operating profit (loss) | 9901 | €90,157 | €102,467 | +€12,310 | +13.7% |
| Financial income | 75/76B | €7,826 | €7,155 | -€672 | -8.6% |
| Recurring financial income | 75 | €7,826 | €7,155 | -€672 | -8.6% |
| Financial charges | 65/66B | €13,425 | €10,019 | -€3,405 | -25.4% |
| Recurring financial charges | 65 | €13,425 | €10,019 | -€3,405 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €84,558 | €99,602 | +€15,044 | +17.8% |
| Income taxes | 67/77 | €23,412 | €27,431 | +€4,019 | +17.2% |
| Profit (loss) for the period | 9904 | €61,146 | €72,171 | +€11,025 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,146 | €72,171 | +€11,025 | +18.0% |
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 14 October 2026 via checked.be.