INVESTING: what changed
What changed
INVESTING
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€5,889
2024 · €8,817-€2,928
Equity
€307,227
2024 · €301,338+€5,889
Cash
€32,100
2024 · €62,612-€30,512
Balance sheet total
€416,137
2024 · €396,211+€19,926
Largest movements
Assets
- Current investments +€70,000
new in 2025: €70,000
- Cash -€30,512
down €30,512 (-48.7%), from €62,612 to €32,100
mainly Current investments (-€70,000) and Debts after one year (-€6,685)
- Tangible fixed assets -€18,758
down €18,758 (-5.6%), from €332,795 to €314,038
Equity and liabilities
- Tax, wage and social debts +€8,242
up €8,242 (+167%), from €4,935 to €13,177
- Debts after one year -€6,685
down €6,685 (-67.5%), from €9,904 to €3,220
of which Financial debts: -€6,855
- Reserves +€5,889
up €5,889 (+5.1%), from €116,337 to €122,226
of which Distributable reserves: +€11,457
- Accrued charges and deferred income +€4,944
up €4,944 (+26.8%), from €18,476 to €23,419
- Trade debts +€4,535
new in 2025: €4,535
Income statement
- Provisions +€26,171
no longer reported in 2025 (was -€26,171)
- Gross operating margin +€23,473
up €23,473 (+138%), from €17,003 to €40,477
- Financial income +€928
up €928 (+2,643%), from €35 to €963
- Taxes +€475
up €475 (+7.5%), from €6,367 to €6,842
- Other operating charges +€454
up €454 (+7.1%), from €6,423 to €6,877
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,817
Gross operating margin
+€23,473
Provisions
-€26,171
Other operating charges
-€454
Financial income
+€928
Financial charges
-€229
Taxes
-€475
Result 2025
€5,889
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,051
Investment
-€70,000
Financing
-€5,563
Cash 2024
€62,612
From operations (derived)
+€45,051
Net result for the year
+€5,889
Depreciation
+€18,758
Receivables within one year
+€804
Trade debts
+€4,535
Tax, wage and social debts
+€8,242
Other debts
+€1,879
Accrued charges and deferred income
+€4,944
Investment (derived)
-€70,000
Current investments
-€70,000
Financing
-€5,563
Debts after one year
-€6,685
Current portion of long-term debt
+€1,122
Cash 2025
€32,100
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €396,211 | €416,137 | +€19,926 | +5.0% |
| Fixed assets | 21/28 | €332,795 | €314,038 | -€18,758 | -5.6% |
| Tangible fixed assets | 22/27 | €332,795 | €314,038 | -€18,758 | -5.6% |
| Other tangible fixed assets | 26 | €332,795 | €314,038 | -€18,758 | -5.6% |
| Current assets | 29/58 | €63,416 | €102,100 | +€38,683 | +61.0% |
| Amounts receivable within one year | 40/41 | €804 | - | -€804 | |
| Other amounts receivable | 41 | €804 | - | -€804 | |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €62,612 | €32,100 | -€30,512 | -48.7% |
| Total equity and liabilities | 10/49 | €396,211 | €416,137 | +€19,926 | +5.0% |
| Equity | 10/15 | €301,338 | €307,227 | +€5,889 | +2.0% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €116,337 | €122,226 | +€5,889 | +5.1% |
| Non-distributable reserves | 130/1 | €4,099 | €4,702 | +€603 | +14.7% |
| Legal reserve | 130 | €4,099 | €4,702 | +€603 | +14.7% |
| Tax-exempt reserves | 132 | €49,371 | €43,200 | -€6,171 | -12.5% |
| Distributable reserves | 133 | €62,867 | €74,324 | +€11,457 | +18.2% |
| Profit (loss) carried forward | 14 | -€13,314 | -€13,314 | = | 0.0% |
| Provisions and deferred taxes | 16 | €20,090 | €20,090 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,090 | €20,090 | = | 0.0% |
| Major repairs and maintenance | 162 | €20,090 | €20,090 | = | 0.0% |
| Amounts payable | 17/49 | €74,784 | €88,821 | +€14,037 | +18.8% |
| Amounts payable after more than one year | 17 | €9,904 | €3,220 | -€6,685 | -67.5% |
| Financial debts | 170/4 | €6,855 | - | -€6,855 | |
| Other amounts payable | 178/9 | €3,050 | €3,220 | +€170 | +5.6% |
| Amounts payable within one year | 42/48 | €46,403 | €62,182 | +€15,778 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €5,733 | €6,855 | +€1,122 | +19.6% |
| Trade debts | 44 | - | €4,535 | +€4,535 | |
| Suppliers | 440/4 | - | €4,535 | +€4,535 | |
| Taxes, remuneration and social security | 45 | €4,935 | €13,177 | +€8,242 | +167% |
| Taxes | 450/3 | €4,935 | €13,177 | +€8,242 | +167% |
| Other amounts payable | 47/48 | €35,735 | €37,615 | +€1,879 | +5.3% |
| Accrued charges and deferred income | 492/3 | €18,476 | €23,419 | +€4,944 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,758 | €18,758 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€26,171 | - | +€26,171 | |
| Other operating charges | 640/8 | €6,423 | €6,877 | +€454 | +7.1% |
| Gross operating margin | 9900 | €17,003 | €40,477 | +€23,473 | +138% |
| Operating profit (loss) | 9901 | €17,994 | €14,842 | -€3,152 | -17.5% |
| Financial income | 75/76B | €35 | €963 | +€928 | +2,643% |
| Recurring financial income | 75 | €35 | €963 | +€928 | +2,643% |
| Financial charges | 65/66B | €2,845 | €3,074 | +€229 | +8.1% |
| Recurring financial charges | 65 | €2,845 | €3,074 | +€229 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €15,184 | €12,731 | -€2,453 | -16.2% |
| Income taxes | 67/77 | €6,367 | €6,842 | +€475 | +7.5% |
| Profit (loss) for the period | 9904 | €8,817 | €5,889 | -€2,928 | -33.2% |
| Transfer from tax-exempt reserves | 789 | €6,171 | €6,171 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,988 | €12,060 | -€2,928 | -19.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.