HOUSE PROJECT: 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.
HOUSE PROJECT
Largest movements
- Tangible fixed assets +€2.2m
up €2.2m (+811.5%), from €266,502 to €2.4m
of which Land and buildings: +€2.1m
- Stocks and contracts -€557,898
down €557,898 (-47.2%), from €1.2m to €624,510
- Receivables within one year +€514,999
up €514,999 (+1003.9%), from €51,300 to €566,299
of which Other amounts receivable: +€394,999
- Financial fixed assets +€222,979
up €222,979 (+1.5%), from €14.4m to €14.7m
- Debts after one year +€2.3m
up €2.3m (+1138.6%), from €198,926 to €2.5m
of which Financial debts: +€1.9m
- Short-term financial debts -€274,410
no longer reported in 2025 (was €274,410)
- Reserves +€185,000
up €185,000 (+52.7%), from €351,000 to €536,000
- Gross operating margin +€300,509
up €300,509 (+94.7%), from €317,427 to €617,935
- Depreciation +€266,161
up €266,161 (+2591.6%), from €10,270 to €276,431
- Financial charges +€41,999
up €41,999 (+413.5%), from €10,156 to €52,155
- Taxes +€30,330
up €30,330 (+41.3%), from €73,455 to €103,784
- Financial income +€9,999
new in 2025: €9,999
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 | €16,112,265 | €18,477,986 | +€2.4m | +14.7% |
| Fixed assets | 21/28 | €14,705,656 | €17,091,226 | +€2.4m | +16.2% |
| Tangible fixed assets | 22/27 | €266,502 | €2,429,093 | +€2.2m | +811.5% |
| Land and buildings | 22 | €266,402 | €2,362,151 | +€2.1m | +786.7% |
| Plant, machinery and equipment | 23 | - | €17,382 | +€17,382 | |
| Furniture and vehicles | 24 | €100 | €49,559 | +€49,459 | +49459.3% |
| Financial fixed assets | 28 | €14,439,154 | €14,662,133 | +€222,979 | +1.5% |
| Current assets | 29/58 | €1,406,608 | €1,386,760 | -€19,849 | -1.4% |
| Stocks and contracts in progress | 3 | €1,182,408 | €624,510 | -€557,898 | -47.2% |
| Stocks | 30/36 | €1,182,408 | €624,510 | -€557,898 | -47.2% |
| Amounts receivable within one year | 40/41 | €51,300 | €566,299 | +€514,999 | +1003.9% |
| Trade receivables | 40 | - | €120,000 | +€120,000 | |
| Other amounts receivable | 41 | €51,300 | €446,299 | +€394,999 | +770.0% |
| Cash at bank and in hand | 54/58 | €172,900 | €195,058 | +€22,158 | +12.8% |
| Deferred charges and accrued income | 490/1 | - | €893 | +€893 | |
| Total equity and liabilities | 10/49 | €16,112,265 | €18,477,986 | +€2.4m | +14.7% |
| Equity | 10/15 | €401,367 | €586,120 | +€184,753 | +46.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €351,000 | €536,000 | +€185,000 | +52.7% |
| Distributable reserves | 133 | €351,000 | €536,000 | +€185,000 | +52.7% |
| Profit (loss) carried forward | 14 | €367 | €120 | -€247 | -67.3% |
| Amounts payable | 17/49 | €15,710,898 | €17,891,866 | +€2.2m | +13.9% |
| Amounts payable after more than one year | 17 | €198,926 | €2,463,915 | +€2.3m | +1138.6% |
| Financial debts | 170/4 | €198,926 | €2,063,915 | +€1.9m | +937.5% |
| Other amounts payable | 178/9 | - | €400,000 | +€400,000 | |
| Amounts payable within one year | 42/48 | €15,511,972 | €15,397,735 | -€114,236 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €25,938 | €167,829 | +€141,892 | +547.0% |
| Financial debts | 43 | €274,410 | - | -€274,410 | |
| Credit institutions | 430/8 | €274,410 | - | -€274,410 | |
| Trade debts | 44 | €4,458 | €16,521 | +€12,063 | +270.6% |
| Suppliers | 440/4 | €4,458 | €16,521 | +€12,063 | +270.6% |
| Taxes, remuneration and social security | 45 | €73,455 | €118,901 | +€45,446 | +61.9% |
| Taxes | 450/3 | €73,455 | €117,901 | +€44,446 | +60.5% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €15,133,711 | €15,094,484 | -€39,228 | -0.3% |
| Accrued charges and deferred income | 492/3 | - | €30,215 | +€30,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,270 | €276,431 | +€266,161 | +2591.6% |
| Other operating charges | 640/8 | €3,181 | €10,811 | +€7,630 | +239.9% |
| Gross operating margin | 9900 | €317,427 | €617,935 | +€300,509 | +94.7% |
| Operating profit (loss) | 9901 | €303,975 | €330,693 | +€26,718 | +8.8% |
| Financial income | 75/76B | - | €9,999 | +€9,999 | |
| Recurring financial income | 75 | - | €9,999 | +€9,999 | |
| Financial charges | 65/66B | €10,156 | €52,155 | +€41,999 | +413.5% |
| Recurring financial charges | 65 | €10,156 | €52,155 | +€41,999 | +413.5% |
| Profit (loss) for the period before taxes | 9903 | €293,819 | €288,538 | -€5,281 | -1.8% |
| Income taxes | 67/77 | €73,455 | €103,784 | +€30,330 | +41.3% |
| Profit (loss) for the period | 9904 | €220,364 | €184,753 | -€35,611 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €220,364 | €184,753 | -€35,611 | -16.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.