HOUSE CONSULT: 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
HOUSE CONSULT
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
€78,389
2024 · €109,388-€30,999
Equity
€1.3m
2024 · €1.3m+€78,389
Cash
€37,487
2024 · €28,265+€9,222
Balance sheet total
€2.0m
2024 · €1.6m+€427,056
Largest movements
Assets
- Tangible fixed assets +€404,570
up €404,570 (+36.7%), from €1.1m to €1.5m
of which Land and buildings: +€375,300
- Receivables within one year +€325,990
up €325,990 (+416%), from €78,291 to €404,281
of which Trade receivables: +€257,538
- Current investments -€314,839
down €314,839 (-81.4%), from €386,934 to €72,095
Equity and liabilities
- Trade debts +€284,127
up €284,127 (+2,670%), from €10,640 to €294,767
- Profit (loss) carried forward +€78,389
up €78,389 (+8.6%), from €907,962 to €986,351
- Debts after one year +€65,022
up €65,022 (+32.4%), from €200,877 to €265,899
of which Other amounts payable: +€100,000
Income statement
- Depreciation +€28,427
up €28,427 (+28.9%), from €98,233 to €126,660
- Taxes -€10,265
down €10,265 (-27.9%), from €36,751 to €26,486
- Gross operating margin -€9,794
down €9,794 (-3.0%), from €326,376 to €316,582
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
€109,388
Gross operating margin
-€9,794
Staff costs
-€2,408
Depreciation
-€28,427
Other operating charges
-€813
Financial income
-€619
Financial charges
+€797
Taxes
+€10,265
Result 2025
€78,389
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
+€164,626
Investment
-€216,391
Financing
+€60,987
Cash 2024
€28,265
From operations (derived)
+€164,626
Net result for the year
+€78,389
Depreciation
+€126,660
Receivables within one year
-€325,990
Deferred charges and accrued income
-€2,112
Trade debts
+€284,127
Tax, wage and social debts
+€6,106
Accrued charges and deferred income
-€2,554
Investment (derived)
-€216,391
Investment in fixed assets (net)
-€531,230
Current investments
+€314,839
Financing
+€60,987
Debts after one year
+€65,022
Current portion of long-term debt
-€4,029
Short-term financial debts
-€6
Cash 2025
€37,487
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,604,592 | €2,031,648 | +€427,056 | +26.6% |
| Fixed assets | 21/28 | €1,106,924 | €1,511,495 | +€404,570 | +36.5% |
| Tangible fixed assets | 22/27 | €1,100,874 | €1,505,445 | +€404,570 | +36.7% |
| Land and buildings | 22 | €972,585 | €1,347,885 | +€375,300 | +38.6% |
| Plant, machinery and equipment | 23 | €17,648 | €22,664 | +€5,015 | +28.4% |
| Furniture and vehicles | 24 | €27,452 | €3,652 | -€23,800 | -86.7% |
| Assets under construction and advance payments | 27 | €83,190 | €131,244 | +€48,054 | +57.8% |
| Financial fixed assets | 28 | €6,050 | €6,050 | = | 0.0% |
| Current assets | 29/58 | €497,668 | €520,153 | +€22,485 | +4.5% |
| Amounts receivable within one year | 40/41 | €78,291 | €404,281 | +€325,990 | +416% |
| Trade receivables | 40 | €63,833 | €321,371 | +€257,538 | +403% |
| Other amounts receivable | 41 | €14,458 | €82,910 | +€68,453 | +473% |
| Current investments | 50/53 | €386,934 | €72,095 | -€314,839 | -81.4% |
| Cash at bank and in hand | 54/58 | €28,265 | €37,487 | +€9,222 | +32.6% |
| Deferred charges and accrued income | 490/1 | €4,178 | €6,290 | +€2,112 | +50.6% |
| Total equity and liabilities | 10/49 | €1,604,592 | €2,031,648 | +€427,056 | +26.6% |
| Equity | 10/15 | €1,266,540 | €1,344,929 | +€78,389 | +6.2% |
| Contributions | 10/11 | €325,980 | €325,980 | = | 0.0% |
| Capital | 10 | €325,980 | €325,980 | = | 0.0% |
| Issued capital | 100 | €325,980 | €325,980 | = | 0.0% |
| Reserves | 13 | €32,598 | €32,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,598 | €32,598 | = | 0.0% |
| Legal reserve | 130 | €32,598 | €32,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | €907,962 | €986,351 | +€78,389 | +8.6% |
| Provisions and deferred taxes | 16 | €70,000 | €70,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,000 | €70,000 | = | 0.0% |
| Environmental obligations | 163 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable | 17/49 | €268,052 | €616,719 | +€348,667 | +130% |
| Amounts payable after more than one year | 17 | €200,877 | €265,899 | +€65,022 | +32.4% |
| Financial debts | 170/4 | €197,877 | €162,899 | -€34,978 | -17.7% |
| Other amounts payable | 178/9 | €3,000 | €103,000 | +€100,000 | +3,333% |
| Amounts payable within one year | 42/48 | €62,485 | €348,683 | +€286,198 | +458% |
| Current portion of amounts payable after more than one year | 42 | €39,007 | €34,978 | -€4,029 | -10.3% |
| Financial debts | 43 | €7,534 | €7,528 | -€6 | -0.1% |
| Credit institutions | 430/8 | €7,534 | €7,528 | -€6 | -0.1% |
| Trade debts | 44 | €10,640 | €294,767 | +€284,127 | +2,670% |
| Suppliers | 440/4 | €10,640 | €294,767 | +€284,127 | +2,670% |
| Taxes, remuneration and social security | 45 | €5,303 | €11,410 | +€6,106 | +115% |
| Taxes | 450/3 | - | €1,567 | +€1,567 | |
| Remuneration and social security | 454/9 | €5,303 | €9,843 | +€4,540 | +85.6% |
| Accrued charges and deferred income | 492/3 | €4,690 | €2,136 | -€2,554 | -54.5% |
| Remuneration, social security and pensions | 62 | €59,482 | €61,890 | +€2,408 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,233 | €126,660 | +€28,427 | +28.9% |
| Other operating charges | 640/8 | €26,346 | €27,158 | +€813 | +3.1% |
| Gross operating margin | 9900 | €326,376 | €316,582 | -€9,794 | -3.0% |
| Operating profit (loss) | 9901 | €142,315 | €100,874 | -€41,442 | -29.1% |
| Financial income | 75/76B | €7,992 | €7,373 | -€619 | -7.7% |
| Recurring financial income | 75 | €7,992 | €7,373 | -€619 | -7.7% |
| Financial charges | 65/66B | €4,169 | €3,372 | -€797 | -19.1% |
| Recurring financial charges | 65 | €4,169 | €3,372 | -€797 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €146,138 | €104,875 | -€41,264 | -28.2% |
| Income taxes | 67/77 | €36,751 | €26,486 | -€10,265 | -27.9% |
| Profit (loss) for the period | 9904 | €109,388 | €78,389 | -€30,999 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €109,388 | €78,389 | -€30,999 | -28.3% |
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.