HOUSING SERVICES: 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.
HOUSING SERVICES
Largest movements
- Tangible fixed assets +€360,688
up €360,688 (+62.3%), from €579,400 to €940,088
of which Land and buildings: +€361,623
- Receivables within one year +€40,792
up €40,792 (+187%), from €21,849 to €62,641
of which Trade receivables: +€40,098
- Cash -€19,248
down €19,248 (-88.7%), from €21,711 to €2,464
mainly Investment in fixed assets (net) (-€405,831) and Receivables within one year (-€40,792)
- Debts after one year +€217,165
up €217,165 (+95.4%), from €227,654 to €444,819
- Other debts +€178,182
up €178,182 (+49.5%), from €359,677 to €537,859
- Profit (loss) carried forward -€25,336
down €25,336 (-19.0%), from -€133,604 to -€158,940
- Trade debts +€22,777
up €22,777 (+123%), from €18,447 to €41,224
- Gross operating margin +€35,989
up €35,989 (+1,445%), from €2,491 to €38,480
- Financial charges -€1,444
down €1,444 (-8.9%), from €16,305 to €14,861
- Depreciation +€1,285
up €1,285 (+2.9%), from €43,858 to €45,143
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 | €624,020 | €1,006,252 | +€382,232 | +61.3% |
| Fixed assets | 21/28 | €579,586 | €940,274 | +€360,688 | +62.2% |
| Tangible fixed assets | 22/27 | €579,400 | €940,088 | +€360,688 | +62.3% |
| Land and buildings | 22 | €545,216 | €906,838 | +€361,623 | +66.3% |
| Plant, machinery and equipment | 23 | €919 | €1,638 | +€719 | +78.3% |
| Furniture and vehicles | 24 | €3,606 | €29,060 | +€25,454 | +706% |
| Leasing and similar rights | 25 | €26,581 | - | -€26,581 | |
| Other tangible fixed assets | 26 | €3,078 | €2,551 | -€527 | -17.1% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €44,434 | €65,979 | +€21,544 | +48.5% |
| Amounts receivable within one year | 40/41 | €21,849 | €62,641 | +€40,792 | +187% |
| Trade receivables | 40 | €20,470 | €60,568 | +€40,098 | +196% |
| Other amounts receivable | 41 | €1,379 | €2,073 | +€694 | +50.3% |
| Cash at bank and in hand | 54/58 | €21,711 | €2,464 | -€19,248 | -88.7% |
| Deferred charges and accrued income | 490/1 | €874 | €874 | = | 0.0% |
| Total equity and liabilities | 10/49 | €624,020 | €1,006,252 | +€382,232 | +61.3% |
| Equity | 10/15 | -€59,230 | -€84,566 | -€25,336 | -42.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €2,283 | €2,283 | = | 0.0% |
| Reserves | 13 | €53,500 | €53,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €52,500 | €52,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,604 | -€158,940 | -€25,336 | -19.0% |
| Provisions and deferred taxes | 16 | €44,382 | €41,382 | -€3,000 | -6.8% |
| Provisions for liabilities and charges | 160/5 | €44,382 | €41,382 | -€3,000 | -6.8% |
| Environmental obligations | 163 | €44,382 | €41,382 | -€3,000 | -6.8% |
| Amounts payable | 17/49 | €638,868 | €1,049,436 | +€410,569 | +64.3% |
| Amounts payable after more than one year | 17 | €227,654 | €444,819 | +€217,165 | +95.4% |
| Financial debts | 170/4 | €227,654 | €444,819 | +€217,165 | +95.4% |
| Amounts payable within one year | 42/48 | €411,214 | €604,618 | +€193,403 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €31,422 | €24,935 | -€6,486 | -20.6% |
| Trade debts | 44 | €18,447 | €41,224 | +€22,777 | +123% |
| Suppliers | 440/4 | €18,447 | €41,224 | +€22,777 | +123% |
| Taxes, remuneration and social security | 45 | €1,669 | €600 | -€1,069 | -64.0% |
| Taxes | 450/3 | - | €600 | +€600 | |
| Remuneration and social security | 454/9 | €1,669 | - | -€1,669 | |
| Other amounts payable | 47/48 | €359,677 | €537,859 | +€178,182 | +49.5% |
| Remuneration, social security and pensions | 62 | €9 | - | -€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,858 | €45,143 | +€1,285 | +2.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,000 | -€3,000 | = | 0.0% |
| Other operating charges | 640/8 | €6,652 | €6,813 | +€161 | +2.4% |
| Gross operating margin | 9900 | €2,491 | €38,480 | +€35,989 | +1,445% |
| Operating profit (loss) | 9901 | -€45,028 | -€10,476 | +€34,552 | +76.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -3.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -3.0% |
| Financial charges | 65/66B | €16,305 | €14,861 | -€1,444 | -8.9% |
| Recurring financial charges | 65 | €16,305 | €14,861 | -€1,444 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€61,332 | -€25,336 | +€35,996 | +58.7% |
| Profit (loss) for the period | 9904 | -€61,332 | -€25,336 | +€35,996 | +58.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,332 | -€25,336 | +€35,996 | +58.7% |
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 17 October 2026 via checked.be.