LOI 42: 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
LOI 42
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€175,786
2024 · -€134,483-€41,303
Equity
€900,838
2024 · €1.1m-€175,786
Cash
€20,431
2024 · €2,359+€18,072
Balance sheet total
€5.7m
2024 · €5.7m-€8,574
Largest movements
Assets
- Tangible fixed assets -€86,449
down €86,449 (-1.5%), from €5.7m to €5.6m
of which Land and buildings: -€182,107
- Receivables within one year +€68,977
up €68,977 (+193%), from €35,762 to €104,739
of which Trade receivables: +€65,952
Equity and liabilities
- Profit (loss) carried forward -€175,786
down €175,786 (-142%), from -€123,931 to -€299,717
Income statement
- Turnover -€34,693
down €34,693 (-3.2%), from €1.1m to €1.1m
- Staff costs +€30,520
up €30,520 (+16.2%), from €188,957 to €219,477
- Purchases and services -€25,952
down €25,952 (-4.0%), from €645,249 to €619,297
- Gross operating margin +€17,892
up €17,892 (+3.7%), from €488,663 to €506,555
- Other operating charges +€11,356
up €11,356 (+8.3%), from €136,782 to €148,139
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
-€134,483
Gross operating margin
+€17,892
Staff costs
-€30,520
Depreciation
-€7,891
Other operating charges
-€11,356
Other operating items
-€5,909
Financial income
+€75
Financial charges
-€3,593
Result 2025
-€175,786
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
+€98,675
Investment
-€137,105
Financing
+€56,502
Cash 2024
€2,359
From operations (derived)
+€98,675
Net result for the year
-€175,786
Depreciation
+€230,706
Receivables within one year
-€68,977
Deferred charges and accrued income
+€2,022
Trade debts
+€54,249
Tax, wage and social debts
+€48,261
Other debts
+€11,430
Accrued charges and deferred income
-€3,230
Investment (derived)
-€137,105
Investment in fixed assets (net)
-€137,105
Financing
+€56,502
Debts after one year
+€33,384
Current portion of long-term debt
+€35,618
Short-term financial debts
-€12,500
Cash 2025
€20,431
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,748,470 | €5,739,896 | -€8,574 | -0.1% |
| Fixed assets | 21/28 | €5,687,362 | €5,593,762 | -€93,600 | -1.6% |
| Intangible fixed assets | 21 | €19,886 | €12,735 | -€7,151 | -36.0% |
| Tangible fixed assets | 22/27 | €5,667,476 | €5,581,027 | -€86,449 | -1.5% |
| Land and buildings | 22 | €5,593,905 | €5,411,798 | -€182,107 | -3.3% |
| Plant, machinery and equipment | 23 | - | €11,369 | +€11,369 | |
| Furniture and vehicles | 24 | €26,119 | €28,337 | +€2,218 | +8.5% |
| Other tangible fixed assets | 26 | €47,452 | €33,465 | -€13,987 | -29.5% |
| Assets under construction and advance payments | 27 | - | €96,057 | +€96,057 | |
| Current assets | 29/58 | €61,108 | €146,135 | +€85,026 | +139% |
| Amounts receivable within one year | 40/41 | €35,762 | €104,739 | +€68,977 | +193% |
| Trade receivables | 40 | €35,748 | €101,699 | +€65,952 | +184% |
| Other amounts receivable | 41 | €14 | €3,039 | +€3,025 | +21,470% |
| Cash at bank and in hand | 54/58 | €2,359 | €20,431 | +€18,072 | +766% |
| Deferred charges and accrued income | 490/1 | €22,988 | €20,966 | -€2,022 | -8.8% |
| Total equity and liabilities | 10/49 | €5,748,470 | €5,739,896 | -€8,574 | -0.1% |
| Equity | 10/15 | €1,076,624 | €900,838 | -€175,786 | -16.3% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Capital | 10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Issued capital | 100 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €555 | €555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €555 | €555 | = | 0.0% |
| Legal reserve | 130 | €555 | €555 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,931 | -€299,717 | -€175,786 | -142% |
| Amounts payable | 17/49 | €4,671,846 | €4,839,058 | +€167,212 | +3.6% |
| Amounts payable after more than one year | 17 | €4,153,515 | €4,186,899 | +€33,384 | +0.8% |
| Financial debts | 170/4 | €4,091,515 | €3,863,899 | -€227,616 | -5.6% |
| Other amounts payable | 178/9 | €62,000 | €323,000 | +€261,000 | +421% |
| Amounts payable within one year | 42/48 | €509,811 | €646,869 | +€137,058 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €223,842 | €259,460 | +€35,618 | +15.9% |
| Financial debts | 43 | €12,500 | - | -€12,500 | |
| Credit institutions | 430/8 | €12,500 | - | -€12,500 | |
| Trade debts | 44 | €179,075 | €233,324 | +€54,249 | +30.3% |
| Suppliers | 440/4 | €179,075 | €233,324 | +€54,249 | +30.3% |
| Taxes, remuneration and social security | 45 | €82,679 | €130,939 | +€48,261 | +58.4% |
| Taxes | 450/3 | €59,689 | €113,211 | +€53,522 | +89.7% |
| Remuneration and social security | 454/9 | €22,989 | €17,728 | -€5,261 | -22.9% |
| Other amounts payable | 47/48 | €11,716 | €23,146 | +€11,430 | +97.6% |
| Accrued charges and deferred income | 492/3 | €8,520 | €5,290 | -€3,230 | -37.9% |
| Turnover | 70 | €1,096,385 | €1,061,692 | -€34,693 | -3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €645,249 | €619,297 | -€25,952 | -4.0% |
| Remuneration, social security and pensions | 62 | €188,957 | €219,477 | +€30,520 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,815 | €230,706 | +€7,891 | +3.5% |
| Other operating charges | 640/8 | €136,782 | €148,139 | +€11,356 | +8.3% |
| Non-recurring operating charges | 66A | - | €5,909 | +€5,909 | |
| Gross operating margin | 9900 | €488,663 | €506,555 | +€17,892 | +3.7% |
| Operating profit (loss) | 9901 | -€59,890 | -€97,675 | -€37,785 | -63.1% |
| Financial income | 75/76B | €25 | €100 | +€75 | +304% |
| Recurring financial income | 75 | €25 | €100 | +€75 | +304% |
| Financial charges | 65/66B | €74,618 | €78,211 | +€3,593 | +4.8% |
| Recurring financial charges | 65 | €74,618 | €78,211 | +€3,593 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€134,483 | -€175,786 | -€41,303 | -30.7% |
| Profit (loss) for the period | 9904 | -€134,483 | -€175,786 | -€41,303 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,483 | -€175,786 | -€41,303 | -30.7% |
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 23 October 2026 via checked.be.