HOUSING: 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.
HOUSING
Largest movements
- Receivables within one year -€241,870
down €241,870 (-57.7%), from €419,346 to €177,477
of which Trade receivables: -€257,098
- Tangible fixed assets -€69,270
down €69,270 (-53.6%), from €129,150 to €59,880
of which Other tangible fixed assets: -€70,397
- Cash +€41,721
up €41,721 (+71.0%), from €58,800 to €100,521
mainly Receivables within one year (+€241,870) and Net result for the year (+€130,446)
- Other debts -€158,265
down €158,265 (-45.0%), from €351,662 to €193,396
- Profit (loss) carried forward +€130,446
up €130,446 (+34.2%), from -€380,883 to -€250,437
- Trade debts -€126,921
down €126,921 (-80.0%), from €158,743 to €31,822
- Tax, wage and social debts -€59,204
down €59,204 (-28.7%), from €206,096 to €146,892
of which Remuneration and social security: -€34,706
- Debts after one year -€30,705
down €30,705 (-28.1%), from €109,331 to €78,626
- Staff costs -€92,595
down €92,595 (-14.7%), from €629,889 to €537,294
- Gross operating margin +€47,628
up €47,628 (+6.5%), from €737,426 to €785,054
- Financial charges +€22,350
up €22,350 (+163.2%), from €13,691 to €36,041
- Write-downs +€13,890
new in 2025: €13,890
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 | €623,952 | €357,712 | -€266,240 | -42.7% |
| Fixed assets | 21/28 | €143,626 | €79,246 | -€64,380 | -44.8% |
| Intangible fixed assets | 21 | €12,814 | €17,704 | +€4,890 | +38.2% |
| Tangible fixed assets | 22/27 | €129,150 | €59,880 | -€69,270 | -53.6% |
| Furniture and vehicles | 24 | €6,729 | €7,857 | +€1,128 | +16.8% |
| Other tangible fixed assets | 26 | €122,421 | €52,023 | -€70,397 | -57.5% |
| Financial fixed assets | 28 | €1,662 | €1,662 | = | 0.0% |
| Current assets | 29/58 | €480,326 | €278,466 | -€201,860 | -42.0% |
| Amounts receivable within one year | 40/41 | €419,346 | €177,477 | -€241,870 | -57.7% |
| Trade receivables | 40 | €416,877 | €159,779 | -€257,098 | -61.7% |
| Other amounts receivable | 41 | €2,469 | €17,698 | +€15,228 | +616.7% |
| Cash at bank and in hand | 54/58 | €58,800 | €100,521 | +€41,721 | +71.0% |
| Deferred charges and accrued income | 490/1 | €2,180 | €469 | -€1,711 | -78.5% |
| Total equity and liabilities | 10/49 | €623,952 | €357,712 | -€266,240 | -42.7% |
| Equity | 10/15 | -€294,009 | -€163,563 | +€130,446 | +44.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €16,874 | €16,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €9,874 | €9,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€380,883 | -€250,437 | +€130,446 | +34.2% |
| Amounts payable | 17/49 | €917,961 | €521,276 | -€396,685 | -43.2% |
| Amounts payable after more than one year | 17 | €109,331 | €78,626 | -€30,705 | -28.1% |
| Financial debts | 170/4 | €109,331 | €78,626 | -€30,705 | -28.1% |
| Amounts payable within one year | 42/48 | €751,147 | €402,815 | -€348,332 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €34,647 | €30,705 | -€3,942 | -11.4% |
| Trade debts | 44 | €158,743 | €31,822 | -€126,921 | -80.0% |
| Suppliers | 440/4 | €158,743 | €31,822 | -€126,921 | -80.0% |
| Taxes, remuneration and social security | 45 | €206,096 | €146,892 | -€59,204 | -28.7% |
| Taxes | 450/3 | €60,993 | €36,495 | -€24,498 | -40.2% |
| Remuneration and social security | 454/9 | €145,103 | €110,397 | -€34,706 | -23.9% |
| Other amounts payable | 47/48 | €351,662 | €193,396 | -€158,265 | -45.0% |
| Accrued charges and deferred income | 492/3 | €57,483 | €39,835 | -€17,648 | -30.7% |
| Remuneration, social security and pensions | 62 | €629,889 | €537,294 | -€92,595 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,698 | €18,567 | -€2,131 | -10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,890 | +€13,890 | |
| Other operating charges | 640/8 | €11,736 | €12,598 | +€861 | +7.3% |
| Non-recurring operating charges | 66A | - | €38,722 | +€38,722 | |
| Gross operating margin | 9900 | €737,426 | €785,054 | +€47,628 | +6.5% |
| Operating profit (loss) | 9901 | €75,103 | €163,984 | +€88,880 | +118.3% |
| Financial income | 75/76B | €109 | €4,813 | +€4,703 | +4297.2% |
| Recurring financial income | 75 | €109 | €4,813 | +€4,703 | +4297.2% |
| Financial charges | 65/66B | €13,691 | €36,041 | +€22,350 | +163.2% |
| Recurring financial charges | 65 | €13,691 | €36,041 | +€22,350 | +163.2% |
| Profit (loss) for the period before taxes | 9903 | €61,522 | €132,755 | +€71,233 | +115.8% |
| Income taxes | 67/77 | €1,551 | €2,309 | +€758 | +48.9% |
| Profit (loss) for the period | 9904 | €59,971 | €130,446 | +€70,475 | +117.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,971 | €130,446 | +€70,475 | +117.5% |
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 8 October 2026 via checked.be.