Makelaarshuys: what changed
What changed
Makelaarshuys
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
€206,864
2024 · €138,372+€68,492
Equity
€354,665
2024 · €383,095-€28,430
Cash
€1.0m
2024 · €767,860+€274,401
Balance sheet total
€1.1m
2024 · €1.6m-€527,072
Largest movements
Assets
- Receivables within one year -€808,700
down €808,700 (-97.5%), from €829,844 to €21,144
of which Trade receivables: -€811,803
- Cash +€274,401
up €274,401 (+35.7%), from €767,860 to €1.0m
mainly Receivables within one year (+€808,700) and Net result for the year (+€206,864)
Equity and liabilities
- Short-term financial debts -€563,878
down €563,878 (-47.8%), from €1.2m to €616,234
of which Other loans: -€563,924
- Provisions +€68,365
new in 2025: €68,365
- Reserves -€28,430
down €28,430 (-7.6%), from €373,095 to €344,665
- Trade debts -€25,058
down €25,058 (-79.2%), from €31,636 to €6,578
- Tax, wage and social debts +€16,986
up €16,986 (+32.6%), from €52,175 to €69,160
of which Taxes: +€27,404
Income statement
- Gross operating margin +€183,351
up €183,351 (+90.3%), from €203,064 to €386,415
- Provisions +€68,365
new in 2025: €68,365
- Taxes +€45,672
up €45,672 (+105%), from €43,394 to €89,066
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
€138,372
Gross operating margin
+€183,351
Depreciation
-€552
Provisions
-€68,365
Other operating charges
-€196
Financial income
+€51
Financial charges
-€126
Taxes
-€45,672
Result 2025
€206,864
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
+€1.1m
Investment
-€12,766
Financing
-€799,172
Cash 2024
€767,860
From operations (derived)
+€1.1m
Net result for the year
+€206,864
Depreciation
+€15,941
Receivables within one year
+€808,700
Deferred charges and accrued income
-€10,403
Provisions
+€68,365
Trade debts
-€25,058
Tax, wage and social debts
+€16,986
Other debts
+€4,943
Investment (derived)
-€12,766
Investment in fixed assets (net)
-€12,766
Financing
-€799,172
Short-term financial debts
-€563,878
Contributions, distributions and other
-€235,294
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,649,357 | €1,122,285 | -€527,072 | -32.0% |
| Fixed assets | 21/28 | €47,179 | €44,004 | -€3,175 | -6.7% |
| Intangible fixed assets | 21 | - | €10,552 | +€10,552 | |
| Tangible fixed assets | 22/27 | €46,917 | €33,190 | -€13,727 | -29.3% |
| Plant, machinery and equipment | 23 | €4,160 | €2,955 | -€1,205 | -29.0% |
| Furniture and vehicles | 24 | €3,659 | €2,311 | -€1,349 | -36.9% |
| Other tangible fixed assets | 26 | €39,098 | €27,924 | -€11,174 | -28.6% |
| Financial fixed assets | 28 | €262 | €262 | = | 0.0% |
| Current assets | 29/58 | €1,602,178 | €1,078,282 | -€523,896 | -32.7% |
| Amounts receivable within one year | 40/41 | €829,844 | €21,144 | -€808,700 | -97.5% |
| Trade receivables | 40 | €826,952 | €15,149 | -€811,803 | -98.2% |
| Other amounts receivable | 41 | €2,892 | €5,995 | +€3,103 | +107% |
| Cash at bank and in hand | 54/58 | €767,860 | €1,042,260 | +€274,401 | +35.7% |
| Deferred charges and accrued income | 490/1 | €4,475 | €14,878 | +€10,403 | +232% |
| Total equity and liabilities | 10/49 | €1,649,357 | €1,122,285 | -€527,072 | -32.0% |
| Equity | 10/15 | €383,095 | €354,665 | -€28,430 | -7.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €373,095 | €344,665 | -€28,430 | -7.6% |
| Distributable reserves | 133 | €373,095 | €344,665 | -€28,430 | -7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €68,365 | +€68,365 | |
| Provisions for liabilities and charges | 160/5 | - | €68,365 | +€68,365 | |
| Other liabilities and charges | 164/5 | - | €68,365 | +€68,365 | |
| Amounts payable | 17/49 | €1,266,262 | €699,255 | -€567,007 | -44.8% |
| Amounts payable within one year | 42/48 | €1,266,262 | €699,255 | -€567,007 | -44.8% |
| Financial debts | 43 | €1,180,111 | €616,234 | -€563,878 | -47.8% |
| Credit institutions | 430/8 | €183 | €229 | +€46 | +25.1% |
| Other loans | 439 | €1,179,929 | €616,005 | -€563,924 | -47.8% |
| Trade debts | 44 | €31,636 | €6,578 | -€25,058 | -79.2% |
| Suppliers | 440/4 | €31,636 | €6,578 | -€25,058 | -79.2% |
| Taxes, remuneration and social security | 45 | €52,175 | €69,160 | +€16,986 | +32.6% |
| Taxes | 450/3 | €25,962 | €53,366 | +€27,404 | +106% |
| Remuneration and social security | 454/9 | €26,213 | €15,795 | -€10,418 | -39.7% |
| Other amounts payable | 47/48 | €2,340 | €7,283 | +€4,943 | +211% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,389 | €15,941 | +€552 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €68,365 | +€68,365 | |
| Other operating charges | 640/8 | €2,800 | €2,996 | +€196 | +7.0% |
| Gross operating margin | 9900 | €203,064 | €386,415 | +€183,351 | +90.3% |
| Operating profit (loss) | 9901 | €184,875 | €299,113 | +€114,238 | +61.8% |
| Financial income | 75/76B | €28 | €79 | +€51 | +186% |
| Recurring financial income | 75 | €28 | €79 | +€51 | +186% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,136 | €3,262 | +€126 | +4.0% |
| Recurring financial charges | 65 | €3,136 | €3,262 | +€126 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €181,766 | €295,930 | +€114,164 | +62.8% |
| Income taxes | 67/77 | €43,394 | €89,066 | +€45,672 | +105% |
| Profit (loss) for the period | 9904 | €138,372 | €206,864 | +€68,492 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €138,372 | €206,864 | +€68,492 | +49.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.