NOTRE MAISON: 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
NOTRE MAISON
NACE 68.202, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.5m-€62,922
Equity
€73.3m
2024 · €73.1m+€142,850
Cash
€13.9m
2024 · €12.9m+€1.0m
Balance sheet total
€152.7m
2024 · €153.1m-€386,043
Largest movements
Assets
- Receivables within one year -€6.1m
down €6.1m (-48.5%), from €12.5m to €6.4m
of which Other amounts receivable: -€6.0m
- Tangible fixed assets +€5.3m
up €5.3m (+4.4%), from €118.9m to €124.2m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Staff costs +€140,233
up €140,233 (+4.7%), from €3.0m to €3.1m
- Financial charges -€138,663
down €138,663 (-7.0%), from €2.0m to €1.8m
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
€1.5m
Turnover
+€75,875
Other operating income
+€73,286
Goods and materials
-€95,815
Services and other goods
-€86,759
Staff costs
-€140,233
Depreciation
-€34,715
Write-downs
+€5,585
Provisions
+€67,880
Other operating charges
+€1,771
Other operating items
-€76,239
Financial income
-€43,185
Financial charges
+€138,663
Taxes
+€51,200
Deferred taxes and other
-€235
Result 2025
€1.4m
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
+€11.7m
Investment
-€9.2m
Financing
-€1.5m
Cash 2024
€12.9m
From operations (derived)
+€11.7m
Net result for the year
+€1.4m
Depreciation
+€4.0m
Receivables after one year
+€1.1m
Stocks and contracts
-€621,359
Receivables within one year
+€6.1m
Deferred charges and accrued income
+€166,161
Provisions
+€206,889
Trade debts
-€256,156
Tax, wage and social debts
-€294,618
Other debts
+€129,189
Accrued charges and deferred income
-€112,233
Investment (derived)
-€9.2m
Investment in fixed assets (net)
-€9.2m
Financing
-€1.5m
Debts after one year
-€426,003
Current portion of long-term debt
+€224,684
Short-term financial debts
-€646
Contributions, distributions and other
-€1.3m
Cash 2025
€13.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,091,286 | €152,705,243 | -€386,043 | -0.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €119,211,261 | €124,480,582 | +€5.3m | +4.4% |
| Intangible fixed assets | 21 | €1,357 | €0 | -€1,356 | -100.0% |
| Tangible fixed assets | 22/27 | €118,900,493 | €124,166,517 | +€5.3m | +4.4% |
| Land and buildings | 22 | €55,457,509 | €55,806,964 | +€349,455 | +0.6% |
| Plant, machinery and equipment | 23 | €18,096 | €23,466 | +€5,370 | +29.7% |
| Furniture and vehicles | 24 | €123,219 | €198,125 | +€74,906 | +60.8% |
| Leasing and similar rights | 25 | €51,656,621 | €54,236,722 | +€2.6m | +5.0% |
| Assets under construction and advance payments | 27 | €11,645,048 | €13,901,240 | +€2.3m | +19.4% |
| Financial fixed assets | 28 | €309,410 | €314,064 | +€4,653 | +1.5% |
| Other financial fixed assets | 284/8 | €309,410 | €314,064 | +€4,653 | +1.5% |
| Shares | 284 | - | €2,500 | +€2,500 | |
| Amounts receivable and cash guarantees | 285/8 | €309,410 | €311,564 | +€2,153 | +0.7% |
| Current assets | 29/58 | €33,880,026 | €28,224,662 | -€5.7m | -16.7% |
| Amounts receivable after more than one year | 29 | €7,262,033 | €6,184,324 | -€1.1m | -14.8% |
| Other amounts receivable | 291 | €7,262,033 | €6,184,324 | -€1.1m | -14.8% |
| Stocks and contracts in progress | 3 | €262,069 | €883,429 | +€621,359 | +237% |
| Stocks | 30/36 | €262,069 | €883,429 | +€621,359 | +237% |
| Raw materials and consumables | 30/31 | €262,069 | €232,746 | -€29,323 | -11.2% |
| Work in progress | 32 | - | €650,682 | +€650,682 | |
| Amounts receivable within one year | 40/41 | €12,529,998 | €6,447,824 | -€6.1m | -48.5% |
| Trade receivables | 40 | €535,601 | €495,210 | -€40,391 | -7.5% |
| Other amounts receivable | 41 | €11,994,397 | €5,952,613 | -€6.0m | -50.4% |
| Cash at bank and in hand | 54/58 | €12,881,211 | €13,930,531 | +€1.0m | +8.1% |
| Deferred charges and accrued income | 490/1 | €944,715 | €778,554 | -€166,161 | -17.6% |
| Total equity and liabilities | 10/49 | €153,091,286 | €152,705,243 | -€386,043 | -0.3% |
| Equity | 10/15 | €73,131,538 | €73,274,388 | +€142,850 | +0.2% |
| Contributions | 10/11 | €14,803 | €14,803 | = | 0.0% |
| Reserves | 13 | €12,466,510 | €13,863,278 | +€1.4m | +11.2% |
| Non-distributable reserves | 130/1 | €5,921 | €5,921 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,921 | €5,921 | = | 0.0% |
| Tax-exempt reserves | 132 | €182,403 | €180,216 | -€2,187 | -1.2% |
| Distributable reserves | 133 | €12,278,186 | €13,677,141 | +€1.4m | +11.4% |
| Investment grants | 15 | €60,650,224 | €59,396,307 | -€1.3m | -2.1% |
| Provisions and deferred taxes | 16 | €5,284,571 | €5,491,460 | +€206,889 | +3.9% |
| Provisions for liabilities and charges | 160/5 | €2,088,880 | €2,361,880 | +€273,000 | +13.1% |
| Major repairs and maintenance | 162 | €1,958,880 | €2,306,880 | +€348,000 | +17.8% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €130,000 | €55,000 | -€75,000 | -57.7% |
| Deferred taxes | 168 | €3,195,691 | €3,129,580 | -€66,111 | -2.1% |
| Amounts payable | 17/49 | €74,675,178 | €73,939,395 | -€735,783 | -1.0% |
| Amounts payable after more than one year | 17 | €66,757,641 | €66,331,638 | -€426,003 | -0.6% |
| Financial debts | 170/4 | €66,757,641 | €66,331,638 | -€426,003 | -0.6% |
| Credit institutions | 173 | €59,640,343 | €59,921,742 | +€281,400 | +0.5% |
| Other loans | 174 | €7,117,299 | €6,409,896 | -€707,403 | -9.9% |
| Amounts payable within one year | 42/48 | €7,730,738 | €7,533,191 | -€197,547 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €4,181,756 | €4,406,440 | +€224,684 | +5.4% |
| Financial debts | 43 | €646 | - | -€646 | |
| Credit institutions | 430/8 | €646 | - | -€646 | |
| Trade debts | 44 | €2,587,946 | €2,331,790 | -€256,156 | -9.9% |
| Suppliers | 440/4 | €2,587,946 | €2,331,790 | -€256,156 | -9.9% |
| Taxes, remuneration and social security | 45 | €619,799 | €325,181 | -€294,618 | -47.5% |
| Taxes | 450/3 | €244,006 | €55,912 | -€188,094 | -77.1% |
| Remuneration and social security | 454/9 | €375,793 | €269,270 | -€106,524 | -28.3% |
| Other amounts payable | 47/48 | €340,590 | €469,779 | +€129,189 | +37.9% |
| Accrued charges and deferred income | 492/3 | €186,799 | €74,566 | -€112,233 | -60.1% |
| Operating income | 70/76A | €14,070,177 | €14,269,364 | +€199,186 | +1.4% |
| Turnover | 70 | €13,020,414 | €13,096,289 | +€75,875 | +0.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €0 | - | = | |
| Own construction capitalised | 72 | €25,627 | €128,534 | +€102,907 | +402% |
| Other operating income | 74 | €955,132 | €1,028,418 | +€73,286 | +7.7% |
| Non-recurring operating income | 76A | €69,004 | €16,123 | -€52,882 | -76.6% |
| Operating charges | 60/66A | €12,530,266 | €12,938,817 | +€408,551 | +3.3% |
| Goods for resale, raw materials and consumables | 60 | €294,792 | €390,607 | +€95,815 | +32.5% |
| Purchases | 600/8 | €305,578 | €1,011,967 | +€706,389 | +231% |
| Change in stocks: decrease (increase) | 609 | -€10,786 | -€621,359 | -€610,574 | -5,661% |
| Services and other goods | 61 | €3,466,815 | €3,553,574 | +€86,759 | +2.5% |
| Remuneration, social security and pensions | 62 | €3,005,114 | €3,145,347 | +€140,233 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,915,635 | €3,950,350 | +€34,715 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€900 | -€6,484 | -€5,585 | -621% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €340,880 | €273,000 | -€67,880 | -19.9% |
| Other operating charges | 640/8 | €1,313,896 | €1,312,126 | -€1,771 | -0.1% |
| Non-recurring operating charges | 66A | €194,033 | €320,298 | +€126,264 | +65.1% |
| Operating profit (loss) | 9901 | €1,539,911 | €1,330,546 | -€209,365 | -13.6% |
| Financial income | 75/76B | €1,921,216 | €1,878,031 | -€43,185 | -2.2% |
| Recurring financial income | 75 | €1,921,216 | €1,878,031 | -€43,185 | -2.2% |
| Income from financial fixed assets | 750 | €3,139 | €2,933 | -€205 | -6.5% |
| Income from current assets | 751 | €90,851 | €92,771 | +€1,920 | +2.1% |
| Other financial income | 752/9 | €1,827,226 | €1,782,326 | -€44,900 | -2.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,977,766 | €1,839,103 | -€138,663 | -7.0% |
| Recurring financial charges | 65 | €1,977,766 | €1,839,103 | -€138,663 | -7.0% |
| Debt charges | 650 | €1,977,538 | €1,838,533 | -€139,004 | -7.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €229 | €570 | +€341 | +149% |
| Profit (loss) for the period before taxes | 9903 | €1,483,361 | €1,369,474 | -€113,886 | -7.7% |
| Transfer from deferred taxes | 780 | €74,731 | €74,496 | -€235 | -0.3% |
| Income taxes | 67/77 | €98,402 | €47,202 | -€51,200 | -52.0% |
| Taxes | 670/3 | €120,504 | €111,987 | -€8,517 | -7.1% |
| Tax adjustments and reversals of tax provisions | 77 | €22,103 | €64,785 | +€42,682 | +193% |
| Profit (loss) for the period | 9904 | €1,459,690 | €1,396,768 | -€62,922 | -4.3% |
| Transfer from tax-exempt reserves | 789 | €2,187 | €2,187 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,461,877 | €1,398,955 | -€62,922 | -4.3% |
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 31 October 2026 via checked.be.