LUXURY RESIDENCES: 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.
LUXURY RESIDENCES
Largest movements
- Current investments +€56,000
up €56,000 (+267%), from €21,000 to €77,000
- Cash -€32,649
down €32,649 (-53.5%), from €61,081 to €28,432
mainly Current investments (-€56,000) and Debts after one year (-€25,000)
- Receivables within one year +€16,349
up €16,349 (+1.8%), from €922,150 to €938,499
of which Other amounts receivable: +€27,178
- Reserves +€54,834
up €54,834 (+5.5%), from €989,534 to €1.0m
of which Distributable reserves: +€54,834
- Debts after one year -€25,000
down €25,000 (-8.8%), from €285,000 to €260,000
- Gross operating margin +€12,651
up €12,651 (+13.2%), from €95,857 to €108,508
- Financial charges -€5,379
down €5,379 (-19.5%), from €27,600 to €22,222
- Taxes +€3,850
up €3,850 (+18.7%), from €20,620 to €24,470
- Other operating charges +€1,865
up €1,865 (+46.8%), from €3,985 to €5,850
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,512,714 | €1,560,634 | +€47,920 | +3.2% |
| Fixed assets | 21/28 | €505,472 | €511,891 | +€6,419 | +1.3% |
| Tangible fixed assets | 22/27 | €2,966 | €9,385 | +€6,419 | +216% |
| Furniture and vehicles | 24 | €2,966 | €9,385 | +€6,419 | +216% |
| Financial fixed assets | 28 | €502,506 | €502,506 | = | 0.0% |
| Current assets | 29/58 | €1,007,242 | €1,048,743 | +€41,501 | +4.1% |
| Amounts receivable within one year | 40/41 | €922,150 | €938,499 | +€16,349 | +1.8% |
| Trade receivables | 40 | €69,575 | €58,746 | -€10,830 | -15.6% |
| Other amounts receivable | 41 | €852,575 | €879,754 | +€27,178 | +3.2% |
| Current investments | 50/53 | €21,000 | €77,000 | +€56,000 | +267% |
| Cash at bank and in hand | 54/58 | €61,081 | €28,432 | -€32,649 | -53.5% |
| Deferred charges and accrued income | 490/1 | €3,010 | €4,812 | +€1,802 | +59.9% |
| Total equity and liabilities | 10/49 | €1,512,714 | €1,560,634 | +€47,920 | +3.2% |
| Equity | 10/15 | €1,172,141 | €1,226,975 | +€54,834 | +4.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €989,534 | €1,044,367 | +€54,834 | +5.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €983,334 | €1,038,167 | +€54,834 | +5.6% |
| Profit (loss) carried forward | 14 | €120,607 | €120,607 | = | 0.0% |
| Amounts payable | 17/49 | €340,573 | €333,659 | -€6,914 | -2.0% |
| Amounts payable after more than one year | 17 | €285,000 | €260,000 | -€25,000 | -8.8% |
| Other amounts payable | 178/9 | €285,000 | €260,000 | -€25,000 | -8.8% |
| Amounts payable within one year | 42/48 | €29,780 | €53,631 | +€23,851 | +80.1% |
| Trade debts | 44 | €1,510 | €3,214 | +€1,704 | +113% |
| Suppliers | 440/4 | €1,510 | €3,214 | +€1,704 | +113% |
| Taxes, remuneration and social security | 45 | €20,958 | €30,720 | +€9,761 | +46.6% |
| Taxes | 450/3 | €17,718 | €27,461 | +€9,743 | +55.0% |
| Remuneration and social security | 454/9 | €3,241 | €3,259 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €7,312 | €19,698 | +€12,386 | +169% |
| Accrued charges and deferred income | 492/3 | €25,793 | €20,028 | -€5,765 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,212 | €1,561 | +€349 | +28.8% |
| Other operating charges | 640/8 | €3,985 | €5,850 | +€1,865 | +46.8% |
| Gross operating margin | 9900 | €95,857 | €108,508 | +€12,651 | +13.2% |
| Operating profit (loss) | 9901 | €90,659 | €101,096 | +€10,437 | +11.5% |
| Financial income | 75/76B | €971 | €429 | -€542 | -55.8% |
| Recurring financial income | 75 | €971 | €429 | -€542 | -55.8% |
| Financial charges | 65/66B | €27,600 | €22,222 | -€5,379 | -19.5% |
| Recurring financial charges | 65 | €27,600 | €22,222 | -€5,379 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €64,030 | €79,303 | +€15,274 | +23.9% |
| Income taxes | 67/77 | €20,620 | €24,470 | +€3,850 | +18.7% |
| Profit (loss) for the period | 9904 | €43,410 | €54,834 | +€11,424 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,410 | €54,834 | +€11,424 | +26.3% |
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 25 October 2026 via checked.be.