LA RUBRIQUE: 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
LA RUBRIQUE
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€46,471
2025 · -€52,959+€6,488
Equity
€768,345
2025 · €814,816-€46,471
Cash
€5,156
2025 · €14,100-€8,944
Balance sheet total
€1.9m
2025 · €2.0m-€61,395
Largest movements
Assets
- Tangible fixed assets -€57,470
down €57,470 (-3.0%), from €1.9m to €1.9m
of which Land and buildings: -€56,648
Equity and liabilities
- Profit (loss) carried forward -€33,687
down €33,687 (-12.4%), from -€270,636 to -€304,323
- Debts after one year -€21,012
down €21,012 (-14.8%), from €141,648 to €120,636
Income statement
- Other operating charges -€5,391
down €5,391 (-74.7%), from €7,214 to €1,823
- Gross operating margin +€2,490
up €2,490 (+5.4%), from €45,997 to €48,487
- Depreciation +€1,259
up €1,259 (+1.5%), from €85,242 to €86,501
- Financial charges -€727
down €727 (-5.3%), from €13,683 to €12,956
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.
Result 2025
-€52,959
Gross operating margin
+€2,490
Depreciation
-€1,259
Other operating charges
+€5,391
Other operating items
-€870
Financial income
+€9
Financial charges
+€727
Result 2026
-€46,471
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€40,177
Investment
-€28,657
Financing
-€20,464
Cash 2025
€14,100
From operations (derived)
+€40,177
Net result for the year
-€46,471
Depreciation
+€86,501
Stocks and contracts
-€149
Receivables within one year
-€261
Deferred charges and accrued income
-€4,983
Provisions
-€6,583
Trade debts
-€1,142
Tax, wage and social debts
-€1,193
Other debts
+€2,684
Accrued charges and deferred income
+€11,774
Investment (derived)
-€28,657
Investment in fixed assets (net)
-€28,657
Financing
-€20,464
Debts after one year
-€21,012
Current portion of long-term debt
+€548
Cash 2026
€5,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,983,992 | €1,922,597 | -€61,395 | -3.1% |
| Fixed assets | 21/28 | €1,947,950 | €1,890,106 | -€57,844 | -3.0% |
| Intangible fixed assets | 21 | €374 | - | -€374 | |
| Tangible fixed assets | 22/27 | €1,947,066 | €1,889,596 | -€57,470 | -3.0% |
| Land and buildings | 22 | €1,928,510 | €1,871,862 | -€56,648 | -2.9% |
| Furniture and vehicles | 24 | €18,556 | €17,734 | -€822 | -4.4% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €36,042 | €32,491 | -€3,551 | -9.9% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Trade receivables | 290 | €5,000 | €5,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,526 | €5,675 | +€149 | +2.7% |
| Stocks | 30/36 | €5,526 | €5,675 | +€149 | +2.7% |
| Amounts receivable within one year | 40/41 | €2,761 | €3,022 | +€261 | +9.5% |
| Trade receivables | 40 | €2,761 | €2,835 | +€74 | +2.7% |
| Other amounts receivable | 41 | - | €187 | +€187 | |
| Cash at bank and in hand | 54/58 | €14,100 | €5,156 | -€8,944 | -63.4% |
| Deferred charges and accrued income | 490/1 | €8,655 | €13,638 | +€4,983 | +57.6% |
| Total equity and liabilities | 10/49 | €1,983,992 | €1,922,597 | -€61,395 | -3.1% |
| Equity | 10/15 | €814,816 | €768,345 | -€46,471 | -5.7% |
| Contributions | 10/11 | €762,272 | €762,272 | = | 0.0% |
| Reserves | 13 | €323,180 | €310,396 | -€12,784 | -4.0% |
| Tax-exempt reserves | 132 | €246,908 | €234,124 | -€12,784 | -5.2% |
| Distributable reserves | 133 | €76,272 | €76,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€270,636 | -€304,323 | -€33,687 | -12.4% |
| Provisions and deferred taxes | 16 | €117,484 | €110,901 | -€6,583 | -5.6% |
| Deferred taxes | 168 | €117,484 | €110,901 | -€6,583 | -5.6% |
| Amounts payable | 17/49 | €1,051,692 | €1,043,351 | -€8,341 | -0.8% |
| Amounts payable after more than one year | 17 | €141,648 | €120,636 | -€21,012 | -14.8% |
| Financial debts | 170/4 | €141,648 | €120,636 | -€21,012 | -14.8% |
| Amounts payable within one year | 42/48 | €816,150 | €817,047 | +€897 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €20,212 | €20,760 | +€548 | +2.7% |
| Trade debts | 44 | €6,341 | €5,199 | -€1,142 | -18.0% |
| Suppliers | 440/4 | €6,341 | €5,199 | -€1,142 | -18.0% |
| Taxes, remuneration and social security | 45 | €1,193 | - | -€1,193 | |
| Taxes | 450/3 | €1,193 | - | -€1,193 | |
| Other amounts payable | 47/48 | €788,404 | €791,088 | +€2,684 | +0.3% |
| Accrued charges and deferred income | 492/3 | €93,894 | €105,668 | +€11,774 | +12.5% |
| Non-recurring operating income | 76A | €2,592 | - | -€2,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,242 | €86,501 | +€1,259 | +1.5% |
| Other operating charges | 640/8 | €7,214 | €1,823 | -€5,391 | -74.7% |
| Non-recurring operating charges | 66A | - | €870 | +€870 | |
| Gross operating margin | 9900 | €45,997 | €48,487 | +€2,490 | +5.4% |
| Operating profit (loss) | 9901 | -€46,459 | -€40,707 | +€5,752 | +12.4% |
| Financial income | 75/76B | €600 | €609 | +€9 | +1.5% |
| Recurring financial income | 75 | €600 | €609 | +€9 | +1.5% |
| Financial charges | 65/66B | €13,683 | €12,956 | -€727 | -5.3% |
| Recurring financial charges | 65 | €13,683 | €12,956 | -€727 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€59,542 | -€53,054 | +€6,488 | +10.9% |
| Transfer from deferred taxes | 780 | €6,583 | €6,583 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€52,959 | -€46,471 | +€6,488 | +12.3% |
| Transfer from tax-exempt reserves | 789 | €12,784 | €12,784 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,175 | -€33,687 | +€6,488 | +16.1% |
Source: filed annual accounts (NBB), financial years ended 14 January 2025 and 14 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.