NAPHE: 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
NAPHE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 31-12-2024 compared with 31-12-2023filed annual accounts (NBB)
Net result for the year
€3,590
31-12-2023 · -€655+€4,245
Equity
€379,341
31-12-2023 · €375,752+€3,590
Cash
€4,040
31-12-2023 · €5,120-€1,080
Balance sheet total
€710,547
31-12-2023 · €764,810-€54,263
Largest movements
Assets
- Tangible fixed assets -€59,135
down €59,135 (-10.4%), from €565,894 to €506,758
Equity and liabilities
- Trade debts -€30,599
down €30,599 (-93.2%), from €32,842 to €2,243
- Debts after one year -€24,292
down €24,292 (-7.8%), from €310,642 to €286,350
of which Financial debts: -€41,542
Income statement
- Gross operating margin +€18,509
up €18,509 (+31.6%), from €58,607 to €77,116
- Depreciation +€12,790
up €12,790 (+27.6%), from €46,345 to €59,135
- Taxes +€1,068
new in 2024: €1,068
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023
-€655
Gross operating margin
+€18,509
Depreciation
-€12,790
Other operating charges
-€313
Financial income
+€241
Financial charges
-€334
Taxes
-€1,068
Result 31-12-2024
€3,590
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€23,119
Investment
€0
Financing
-€24,199
Cash 31-12-2023
€5,120
From operations (derived)
+€23,119
Net result for the year
+€3,590
Depreciation
+€59,135
Receivables within one year
-€5,952
Trade debts
-€30,599
Tax, wage and social debts
+€1,068
Other debts
-€4,039
Accrued charges and deferred income
-€85
Financing
-€24,199
Debts after one year
-€24,292
Current portion of long-term debt
+€93
Cash 31-12-2024
€4,040
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €764,810 | €710,547 | -€54,263 | -7.1% |
| Fixed assets | 21/28 | €565,894 | €506,758 | -€59,135 | -10.4% |
| Tangible fixed assets | 22/27 | €565,894 | €506,758 | -€59,135 | -10.4% |
| Land and buildings | 22 | €565,894 | €506,758 | -€59,135 | -10.4% |
| Current assets | 29/58 | €198,917 | €203,789 | +€4,872 | +2.4% |
| Amounts receivable within one year | 40/41 | €2,075 | €8,026 | +€5,952 | +287% |
| Trade receivables | 40 | €2,075 | €7,468 | +€5,393 | +260% |
| Other amounts receivable | 41 | - | €558 | +€558 | |
| Current investments | 50/53 | €191,722 | €191,722 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,120 | €4,040 | -€1,080 | -21.1% |
| Total equity and liabilities | 10/49 | €764,810 | €710,547 | -€54,263 | -7.1% |
| Equity | 10/15 | €375,752 | €379,341 | +€3,590 | +1.0% |
| Contributions | 10/11 | €93,490 | €93,490 | = | 0.0% |
| Contributions outside capital | 11 | €93,490 | €93,490 | = | 0.0% |
| Other | 1109/19 | €93,490 | €93,490 | = | 0.0% |
| Reserves | 13 | €265,112 | €265,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €191,722 | €191,722 | = | 0.0% |
| Own shares acquired | 1312 | €191,722 | €191,722 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,041 | €64,041 | = | 0.0% |
| Distributable reserves | 133 | €9,349 | €9,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,149 | €20,739 | +€3,590 | +20.9% |
| Amounts payable | 17/49 | €389,059 | €331,206 | -€57,853 | -14.9% |
| Amounts payable after more than one year | 17 | €310,642 | €286,350 | -€24,292 | -7.8% |
| Financial debts | 170/4 | €310,642 | €269,100 | -€41,542 | -13.4% |
| Other amounts payable | 178/9 | - | €17,250 | +€17,250 | |
| Amounts payable within one year | 42/48 | €78,332 | €44,856 | -€33,477 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €41,449 | €41,542 | +€93 | +0.2% |
| Trade debts | 44 | €32,842 | €2,243 | -€30,599 | -93.2% |
| Suppliers | 440/4 | €32,842 | €2,243 | -€30,599 | -93.2% |
| Taxes, remuneration and social security | 45 | €3 | €1,071 | +€1,068 | +36,332% |
| Taxes | 450/3 | €3 | €1,071 | +€1,068 | +36,332% |
| Other amounts payable | 47/48 | €4,039 | - | -€4,039 | |
| Accrued charges and deferred income | 492/3 | €85 | - | -€85 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,345 | €59,135 | +€12,790 | +27.6% |
| Other operating charges | 640/8 | €7,581 | €7,894 | +€313 | +4.1% |
| Gross operating margin | 9900 | €58,607 | €77,116 | +€18,509 | +31.6% |
| Operating profit (loss) | 9901 | €4,681 | €10,087 | +€5,406 | +115% |
| Financial income | 75/76B | - | €241 | +€241 | |
| Recurring financial income | 75 | - | €241 | +€241 | |
| Non-recurring financial income | 76B | - | €241 | +€241 | |
| Financial charges | 65/66B | €5,336 | €5,670 | +€334 | +6.3% |
| Recurring financial charges | 65 | €5,336 | €5,670 | +€334 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€655 | €4,658 | +€5,313 | |
| Income taxes | 67/77 | - | €1,068 | +€1,068 | |
| Profit (loss) for the period | 9904 | -€655 | €3,590 | +€4,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€655 | €3,590 | +€4,245 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.