HOUSING PROJECTS: 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 PROJECTS
Largest movements
- Stocks and contracts -€798,372
no longer reported in 2026 (was €798,372)
of which Stocks: -€504,066
- Cash +€307,094
up €307,094 (+2150.5%), from €14,280 to €321,375
mainly Stocks and contracts (+€798,372) and Other debts (+€138,006)
- Debts after one year -€300,000
no longer reported in 2026 (was €300,000)
- Short-term financial debts -€220,000
no longer reported in 2026 (was €220,000)
- Other debts +€138,006
up €138,006 (+7498.3%), from €1,841 to €139,846
- Reserves -€67,451
down €67,451 (-24.2%), from €278,675 to €211,224
- Trade debts -€53,951
down €53,951 (-80.4%), from €67,123 to €13,172
- Gross operating margin +€53,850
up €53,850 (+91.5%), from €58,823 to €112,673
- Taxes +€16,593
up €16,593 (+84.1%), from €19,740 to €36,333
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €925,745 | €432,055 | -€493,690 | -53.3% |
| Fixed assets | 21/28 | €853 | €1,991 | +€1,138 | +133.4% |
| Tangible fixed assets | 22/27 | €853 | €1,991 | +€1,138 | +133.4% |
| Plant, machinery and equipment | 23 | €593 | €1,059 | +€466 | +78.5% |
| Furniture and vehicles | 24 | €260 | €933 | +€673 | +258.5% |
| Current assets | 29/58 | €924,892 | €430,064 | -€494,829 | -53.5% |
| Amounts receivable after more than one year | 29 | €97,745 | €97,745 | = | 0.0% |
| Other amounts receivable | 291 | €97,745 | €97,745 | = | 0.0% |
| Stocks and contracts in progress | 3 | €798,372 | - | -€798,372 | |
| Stocks | 30/36 | €504,066 | - | -€504,066 | |
| Contracts in progress | 37 | €294,306 | - | -€294,306 | |
| Amounts receivable within one year | 40/41 | €14,495 | €10,712 | -€3,784 | -26.1% |
| Other amounts receivable | 41 | €14,495 | €10,712 | -€3,784 | -26.1% |
| Cash at bank and in hand | 54/58 | €14,280 | €321,375 | +€307,094 | +2150.5% |
| Deferred charges and accrued income | 490/1 | - | €232 | +€232 | |
| Total equity and liabilities | 10/49 | €925,745 | €432,055 | -€493,690 | -53.3% |
| Equity | 10/15 | €297,944 | €230,492 | -€67,451 | -22.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €278,675 | €211,224 | -€67,451 | -24.2% |
| Distributable reserves | 133 | €278,675 | €211,224 | -€67,451 | -24.2% |
| Profit (loss) carried forward | 14 | €269 | €269 | = | 0.0% |
| Amounts payable | 17/49 | €627,802 | €201,563 | -€426,239 | -67.9% |
| Amounts payable after more than one year | 17 | €300,000 | - | -€300,000 | |
| Financial debts | 170/4 | €300,000 | - | -€300,000 | |
| Amounts payable within one year | 42/48 | €304,203 | €159,351 | -€144,852 | -47.6% |
| Financial debts | 43 | €220,000 | - | -€220,000 | |
| Credit institutions | 430/8 | €220,000 | - | -€220,000 | |
| Trade debts | 44 | €67,123 | €13,172 | -€53,951 | -80.4% |
| Suppliers | 440/4 | €67,123 | €13,172 | -€53,951 | -80.4% |
| Taxes, remuneration and social security | 45 | €15,240 | €6,333 | -€8,907 | -58.4% |
| Taxes | 450/3 | €15,240 | €6,333 | -€8,907 | -58.4% |
| Other amounts payable | 47/48 | €1,841 | €139,846 | +€138,006 | +7498.3% |
| Accrued charges and deferred income | 492/3 | €23,599 | €42,212 | +€18,613 | +78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €611 | +€316 | +106.9% |
| Other operating charges | 640/8 | €624 | €607 | -€16 | -2.6% |
| Gross operating margin | 9900 | €58,823 | €112,673 | +€53,850 | +91.5% |
| Operating profit (loss) | 9901 | €57,904 | €111,455 | +€53,551 | +92.5% |
| Financial income | 75/76B | €1,340 | €1,515 | +€175 | +13.1% |
| Recurring financial income | 75 | €1,340 | €1,515 | +€175 | +13.1% |
| Financial charges | 65/66B | €155 | €309 | +€154 | +99.9% |
| Recurring financial charges | 65 | €155 | €309 | +€154 | +99.9% |
| Profit (loss) for the period before taxes | 9903 | €59,090 | €112,662 | +€53,572 | +90.7% |
| Income taxes | 67/77 | €19,740 | €36,333 | +€16,593 | +84.1% |
| Profit (loss) for the period | 9904 | €39,350 | €76,329 | +€36,979 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,350 | €76,329 | +€36,979 | +94.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.