LOS EDIFICIOS: what changed
Two fiscal 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.
LOS EDIFICIOS
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-12.7%), from €8.4m to €7.3m
- Stocks and contracts +€296,902
up €296,902 (+133.8%), from €221,977 to €518,879
- Receivables within one year -€146,890
down €146,890 (-19.5%), from €751,711 to €604,821
of which Other amounts receivable: -€133,801
- Debts after one year -€1.0m
down €1.0m (-15.4%), from €6.8m to €5.7m
- Other debts -€148,795
down €148,795 (-39.9%), from €373,091 to €224,296
- Financial charges -€1.4m
down €1.4m (-91.4%), from €1.5m to €132,624
of which Non-recurring financial charges: -€1.4m
- Financial income -€517,453
down €517,453 (-100.0%), from €517,592 to €139
- Gross operating margin +€117,289
up €117,289 (+8.0%), from €1.5m to €1.6m
- Other operating charges +€34,752
up €34,752 (+26.3%), from €131,989 to €166,741
- Taxes +€27,422
up €27,422 (+1049.2%), from €2,614 to €30,036
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.
Cash bridge derived
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 | €9,789,857 | €8,849,063 | -€940,793 | -9.6% |
| Fixed assets | 21/28 | €8,354,899 | €7,292,263 | -€1.1m | -12.7% |
| Tangible fixed assets | 22/27 | €8,354,899 | €7,292,263 | -€1.1m | -12.7% |
| Land and buildings | 22 | €8,354,899 | €7,292,263 | -€1.1m | -12.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,434,958 | €1,556,801 | +€121,843 | +8.5% |
| Stocks and contracts in progress | 3 | €221,977 | €518,879 | +€296,902 | +133.8% |
| Stocks | 30/36 | €221,977 | €518,879 | +€296,902 | +133.8% |
| Amounts receivable within one year | 40/41 | €751,711 | €604,821 | -€146,890 | -19.5% |
| Trade receivables | 40 | €607,946 | €594,857 | -€13,089 | -2.2% |
| Other amounts receivable | 41 | €143,766 | €9,964 | -€133,801 | -93.1% |
| Cash at bank and in hand | 54/58 | €120,696 | €157,951 | +€37,255 | +30.9% |
| Deferred charges and accrued income | 490/1 | €340,574 | €275,150 | -€65,424 | -19.2% |
| Total equity and liabilities | 10/49 | €9,789,857 | €8,849,063 | -€940,793 | -9.6% |
| Equity | 10/15 | €1,356,411 | €1,418,992 | +€62,580 | +4.6% |
| Contributions | 10/11 | €896,061 | €896,061 | = | 0.0% |
| Capital | 10 | €896,061 | €896,061 | = | 0.0% |
| Issued capital | 100 | €896,061 | €896,061 | = | 0.0% |
| Reserves | 13 | €974,705 | €974,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €89,606 | €89,606 | = | 0.0% |
| Legal reserve | 130 | €89,606 | €89,606 | = | 0.0% |
| Tax-exempt reserves | 132 | €885,099 | €885,099 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€514,355 | -€451,775 | +€62,580 | +12.2% |
| Amounts payable | 17/49 | €8,433,445 | €7,430,072 | -€1.0m | -11.9% |
| Amounts payable after more than one year | 17 | €6,795,286 | €5,748,315 | -€1.0m | -15.4% |
| Financial debts | 170/4 | €6,795,286 | €5,748,315 | -€1.0m | -15.4% |
| Amounts payable within one year | 42/48 | €1,631,451 | €1,665,730 | +€34,279 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €994,109 | €1,026,655 | +€32,546 | +3.3% |
| Trade debts | 44 | €264,252 | €350,426 | +€86,174 | +32.6% |
| Suppliers | 440/4 | €264,252 | €350,426 | +€86,174 | +32.6% |
| Taxes, remuneration and social security | 45 | €0 | €64,354 | +€64,354 | |
| Taxes | 450/3 | €0 | €64,354 | +€64,354 | |
| Other amounts payable | 47/48 | €373,091 | €224,296 | -€148,795 | -39.9% |
| Accrued charges and deferred income | 492/3 | €6,708 | €16,026 | +€9,318 | +138.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,119,835 | €1,120,191 | +€356 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,632 | +€9,632 | |
| Other operating charges | 640/8 | €131,989 | €166,741 | +€34,752 | +26.3% |
| Non-recurring operating charges | 66A | €68,701 | €68,701 | = | 0.0% |
| Gross operating margin | 9900 | €1,473,075 | €1,590,365 | +€117,289 | +8.0% |
| Operating profit (loss) | 9901 | €152,550 | €225,101 | +€72,550 | +47.6% |
| Financial income | 75/76B | €517,592 | €139 | -€517,453 | -100.0% |
| Recurring financial income | 75 | €517,592 | €139 | -€517,453 | -100.0% |
| Financial charges | 65/66B | €1,547,724 | €132,624 | -€1.4m | -91.4% |
| Recurring financial charges | 65 | €133,140 | €132,624 | -€516 | -0.4% |
| Non-recurring financial charges | 66B | €1,414,583 | €0 | -€1.4m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€877,582 | €92,616 | +€970,198 | |
| Income taxes | 67/77 | €2,614 | €30,036 | +€27,422 | +1049.2% |
| Profit (loss) for the period | 9904 | -€880,195 | €62,580 | +€942,775 | |
| Profit (loss) for the period to be appropriated | 9905 | -€880,195 | €62,580 | +€942,775 |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.