House Delta: 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.
House Delta
Largest movements
- Stocks and contracts +€181,784
up €181,784 (+78.8%), from €230,678 to €412,462
- Deferred charges and accrued income +€81,353
up €81,353 (+27.0%), from €301,397 to €382,750
- Receivables within one year -€47,899
down €47,899 (-4.4%), from €1.1m to €1.0m
of which Other amounts receivable: -€47,899
- Trade debts +€135,789
up €135,789 (+1,739%), from €7,810 to €143,599
- Reserves +€46,054
up €46,054 (+3.5%), from €1.3m to €1.4m
of which Distributable reserves: +€46,054
- Gross operating margin +€41,839
up €41,839, from -€13,303 to €28,536
- Financial charges +€25,966
up €25,966 (+770%), from €3,371 to €29,337
- Financial income +€11,915
up €11,915 (+29.1%), from €40,968 to €52,883
- Depreciation +€3,120
new in 2025: €3,120
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 | €2,138,109 | €2,330,629 | +€192,520 | +9.0% |
| Fixed assets | 21/28 | €487,395 | €484,275 | -€3,120 | -0.6% |
| Tangible fixed assets | 22/27 | €487,395 | €484,275 | -€3,120 | -0.6% |
| Land and buildings | 22 | €487,395 | €484,275 | -€3,120 | -0.6% |
| Current assets | 29/58 | €1,650,714 | €1,846,354 | +€195,640 | +11.9% |
| Stocks and contracts in progress | 3 | €230,678 | €412,462 | +€181,784 | +78.8% |
| Stocks | 30/36 | €230,678 | €412,462 | +€181,784 | +78.8% |
| Amounts receivable within one year | 40/41 | €1,083,817 | €1,035,918 | -€47,899 | -4.4% |
| Trade receivables | 40 | €183,678 | €183,678 | = | 0.0% |
| Other amounts receivable | 41 | €900,139 | €852,240 | -€47,899 | -5.3% |
| Cash at bank and in hand | 54/58 | €34,822 | €15,224 | -€19,598 | -56.3% |
| Deferred charges and accrued income | 490/1 | €301,397 | €382,750 | +€81,353 | +27.0% |
| Total equity and liabilities | 10/49 | €2,138,109 | €2,330,629 | +€192,520 | +9.0% |
| Equity | 10/15 | €1,328,999 | €1,375,053 | +€46,054 | +3.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €1,308,999 | €1,355,053 | +€46,054 | +3.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,298,999 | €1,345,053 | +€46,054 | +3.5% |
| Amounts payable | 17/49 | €809,110 | €955,576 | +€146,466 | +18.1% |
| Amounts payable within one year | 42/48 | €809,110 | €955,576 | +€146,466 | +18.1% |
| Financial debts | 43 | €725,000 | €725,000 | = | 0.0% |
| Credit institutions | 430/8 | €725,000 | €725,000 | = | 0.0% |
| Trade debts | 44 | €7,810 | €143,599 | +€135,789 | +1,739% |
| Suppliers | 440/4 | €7,810 | €143,599 | +€135,789 | +1,739% |
| Other amounts payable | 47/48 | €76,300 | €86,977 | +€10,677 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,120 | +€3,120 | |
| Other operating charges | 640/8 | €2,828 | €2,908 | +€80 | +2.8% |
| Gross operating margin | 9900 | -€13,303 | €28,536 | +€41,839 | |
| Operating profit (loss) | 9901 | -€16,131 | €22,508 | +€38,639 | |
| Financial income | 75/76B | €40,968 | €52,883 | +€11,915 | +29.1% |
| Recurring financial income | 75 | €40,968 | €52,883 | +€11,915 | +29.1% |
| Financial charges | 65/66B | €3,371 | €29,337 | +€25,966 | +770% |
| Recurring financial charges | 65 | €3,371 | €29,337 | +€25,966 | +770% |
| Profit (loss) for the period before taxes | 9903 | €21,466 | €46,054 | +€24,588 | +115% |
| Profit (loss) for the period | 9904 | €21,466 | €46,054 | +€24,588 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €21,466 | €46,054 | +€24,588 | +115% |
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 28 October 2026 via checked.be.