HYPOTHEEKVOORDEEL: 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.
What changed
HYPOTHEEKVOORDEEL
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,942
2024 · €296,517-€284,575
Equity
€950,334
2024 · €953,391-€3,058
Cash
€33,275
2024 · €12,169+€21,106
Balance sheet total
€2.6m
2024 · €2.5m+€88,471
Largest movements
Assets
- Receivables after one year +€93,626
up €93,626 (+4.2%), from €2.2m to €2.3m
Equity and liabilities
- Debts after one year +€315,031
up €315,031 (+26.5%), from €1.2m to €1.5m
of which Other amounts payable: +€325,864
- Other debts -€189,654
down €189,654 (-86.7%), from €218,820 to €29,166
- Tax, wage and social debts -€31,725
down €31,725 (-49.4%), from €64,240 to €32,515
of which Taxes: -€39,589
Income statement
- Financial income -€201,621
down €201,621 (-69.0%), from €292,020 to €90,399
of which Non-recurring financial income: -€250,000
- Taxes -€63,658
down €63,658 (-92.2%), from €69,026 to €5,369
- Gross operating margin -€56,563
down €56,563 (-19.4%), from €291,524 to €234,961
- Staff costs +€32,726
up €32,726 (+17.1%), from €191,419 to €224,145
- Financial charges +€32,224
up €32,224 (+114%), from €28,347 to €60,571
of which Financial charges: +€31,974
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.
Result 2024
€296,517
Gross operating margin
-€56,563
Staff costs
-€32,726
Depreciation
+€7,241
Other operating charges
+€1,408
Financial income
-€201,621
Financial charges
-€32,224
Taxes
+€63,658
Deferred taxes and other
-€33,749
Result 2025
€11,942
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€269,486
Investment
-€9,871
Financing
+€300,463
Cash 2024
€12,169
From operations (derived)
-€269,486
Net result for the year
+€11,942
Depreciation
+€24,309
Receivables after one year
-€93,626
Receivables within one year
+€758
Deferred charges and accrued income
+€11,065
Provisions
-€1,800
Trade debts
+€2,033
Tax, wage and social debts
-€31,725
Other debts
-€189,654
Accrued charges and deferred income
-€2,789
Investment (derived)
-€9,871
Investment in fixed assets (net)
-€9,871
Financing
+€300,463
Debts after one year
+€315,031
Current portion of long-term debt
+€432
Contributions, distributions and other
-€15,000
Cash 2025
€33,275
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,521,187 | €2,609,658 | +€88,471 | +3.5% |
| Fixed assets | 21/28 | €224,175 | €209,737 | -€14,438 | -6.4% |
| Tangible fixed assets | 22/27 | €224,175 | €209,737 | -€14,438 | -6.4% |
| Land and buildings | 22 | €217,145 | €200,429 | -€16,717 | -7.7% |
| Plant, machinery and equipment | 23 | €3,588 | - | -€3,588 | |
| Furniture and vehicles | 24 | €3,442 | €9,309 | +€5,867 | +170% |
| Current assets | 29/58 | €2,297,012 | €2,399,921 | +€102,909 | +4.5% |
| Amounts receivable after more than one year | 29 | €2,231,093 | €2,324,718 | +€93,626 | +4.2% |
| Other amounts receivable | 291 | €2,231,093 | €2,324,718 | +€93,626 | +4.2% |
| Amounts receivable within one year | 40/41 | €14,873 | €14,115 | -€758 | -5.1% |
| Trade receivables | 40 | €11,739 | €14,115 | +€2,376 | +20.2% |
| Other amounts receivable | 41 | €3,134 | - | -€3,134 | |
| Cash at bank and in hand | 54/58 | €12,169 | €33,275 | +€21,106 | +173% |
| Deferred charges and accrued income | 490/1 | €38,878 | €27,812 | -€11,065 | -28.5% |
| Total equity and liabilities | 10/49 | €2,521,187 | €2,609,658 | +€88,471 | +3.5% |
| Equity | 10/15 | €953,391 | €950,334 | -€3,058 | -0.3% |
| Contributions | 10/11 | €111,600 | €111,600 | = | 0.0% |
| Capital | 10 | €111,600 | €111,600 | = | 0.0% |
| Issued capital | 100 | €111,600 | €111,600 | = | 0.0% |
| Reserves | 13 | €841,791 | €838,734 | -€3,058 | -0.4% |
| Non-distributable reserves | 130/1 | €11,160 | €11,160 | = | 0.0% |
| Legal reserve | 130 | €11,160 | €11,160 | = | 0.0% |
| Tax-exempt reserves | 132 | €122,061 | €117,776 | -€4,284 | -3.5% |
| Distributable reserves | 133 | €708,571 | €709,797 | +€1,227 | +0.2% |
| Provisions and deferred taxes | 16 | €45,478 | €43,679 | -€1,800 | -4.0% |
| Deferred taxes | 168 | €45,478 | €43,679 | -€1,800 | -4.0% |
| Amounts payable | 17/49 | €1,522,317 | €1,615,646 | +€93,328 | +6.1% |
| Amounts payable after more than one year | 17 | €1,188,711 | €1,503,742 | +€315,031 | +26.5% |
| Financial debts | 170/4 | €143,674 | €132,841 | -€10,833 | -7.5% |
| Other amounts payable | 178/9 | €1,045,037 | €1,370,901 | +€325,864 | +31.2% |
| Amounts payable within one year | 42/48 | €318,270 | €99,357 | -€218,913 | -68.8% |
| Current portion of amounts payable after more than one year | 42 | €10,401 | €10,833 | +€432 | +4.2% |
| Trade debts | 44 | €24,809 | €26,843 | +€2,033 | +8.2% |
| Suppliers | 440/4 | €24,809 | €26,843 | +€2,033 | +8.2% |
| Taxes, remuneration and social security | 45 | €64,240 | €32,515 | -€31,725 | -49.4% |
| Taxes | 450/3 | €44,957 | €5,369 | -€39,589 | -88.1% |
| Remuneration and social security | 454/9 | €19,283 | €27,147 | +€7,864 | +40.8% |
| Other amounts payable | 47/48 | €218,820 | €29,166 | -€189,654 | -86.7% |
| Accrued charges and deferred income | 492/3 | €15,336 | €12,547 | -€2,789 | -18.2% |
| Non-recurring operating income | 76A | - | €73,766 | +€73,766 | |
| Remuneration, social security and pensions | 62 | €191,419 | €224,145 | +€32,726 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,550 | €24,309 | -€7,241 | -23.0% |
| Other operating charges | 640/8 | €2,232 | €824 | -€1,408 | -63.1% |
| Gross operating margin | 9900 | €291,524 | €234,961 | -€56,563 | -19.4% |
| Operating profit (loss) | 9901 | €66,323 | -€14,317 | -€80,639 | |
| Financial income | 75/76B | €292,020 | €90,399 | -€201,621 | -69.0% |
| Recurring financial income | 75 | €42,020 | €90,399 | +€48,379 | +115% |
| Non-recurring financial income | 76B | €250,000 | - | -€250,000 | |
| Financial charges | 65/66B | €28,347 | €60,571 | +€32,224 | +114% |
| Recurring financial charges | 65 | €28,347 | €60,321 | +€31,974 | +113% |
| Non-recurring financial charges | 66B | - | €250 | +€250 | |
| Profit (loss) for the period before taxes | 9903 | €329,995 | €15,511 | -€314,484 | -95.3% |
| Transfer from deferred taxes | 780 | €35,548 | €1,800 | -€33,749 | -94.9% |
| Income taxes | 67/77 | €69,026 | €5,369 | -€63,658 | -92.2% |
| Profit (loss) for the period | 9904 | €296,517 | €11,942 | -€284,575 | -96.0% |
| Transfer from tax-exempt reserves | 789 | €95,080 | €4,284 | -€90,795 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €391,597 | €16,227 | -€375,370 | -95.9% |
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 21 October 2026 via checked.be.