NV Woningbouw: 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.
NV Woningbouw
Largest movements
- Stocks and contracts +€558,838
up €558,838 (+524%), from €106,617 to €665,455
- Cash -€262,336
down €262,336 (-87.2%), from €301,015 to €38,679
mainly Stocks and contracts (-€558,838) and Tax, wage and social debts (-€47,676)
- Short-term financial debts +€276,940
up €276,940 (+335%), from €82,703 to €359,643
- Trade debts +€77,941
up €77,941 (+111%), from €70,482 to €148,423
- Other debts +€48,366
new in 2025: €48,366
- Tax, wage and social debts -€47,676
down €47,676 (-56.9%), from €83,766 to €36,090
of which Taxes: -€41,452
- Profit (loss) carried forward -€31,231
down €31,231, from €1,357 to -€29,874
- Gross operating margin -€259,296
down €259,296 (-91.9%), from €282,238 to €22,943
- Taxes -€60,037
no longer reported in 2025 (was €60,037)
- Financial charges -€25,515
down €25,515 (-49.9%), from €51,171 to €25,656
- Staff costs -€11,534
down €11,534 (-76.9%), from €14,997 to €3,464
- Depreciation +€10,478
up €10,478 (+82.4%), from €12,718 to €23,196
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 | €1,076,588 | €1,381,288 | +€304,701 | +28.3% |
| Fixed assets | 21/28 | €519,973 | €514,553 | -€5,421 | -1.0% |
| Tangible fixed assets | 22/27 | €519,573 | €514,153 | -€5,421 | -1.0% |
| Land and buildings | 22 | €497,846 | €495,120 | -€2,726 | -0.5% |
| Plant, machinery and equipment | 23 | €17,105 | €16,100 | -€1,005 | -5.9% |
| Furniture and vehicles | 24 | €4,623 | €2,933 | -€1,690 | -36.6% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €556,614 | €866,736 | +€310,121 | +55.7% |
| Stocks and contracts in progress | 3 | €106,617 | €665,455 | +€558,838 | +524% |
| Stocks | 30/36 | €106,617 | €665,455 | +€558,838 | +524% |
| Amounts receivable within one year | 40/41 | €148,983 | €162,602 | +€13,619 | +9.1% |
| Trade receivables | 40 | €86,992 | €158,599 | +€71,607 | +82.3% |
| Other amounts receivable | 41 | €61,991 | €4,003 | -€57,988 | -93.5% |
| Cash at bank and in hand | 54/58 | €301,015 | €38,679 | -€262,336 | -87.2% |
| Total equity and liabilities | 10/49 | €1,076,588 | €1,381,288 | +€304,701 | +28.3% |
| Equity | 10/15 | €371,957 | €340,726 | -€31,231 | -8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €352,000 | €352,000 | = | 0.0% |
| Distributable reserves | 133 | €352,000 | €352,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,357 | -€29,874 | -€31,231 | |
| Amounts payable | 17/49 | €704,631 | €1,040,563 | +€335,932 | +47.7% |
| Amounts payable after more than one year | 17 | €383,973 | €368,544 | -€15,430 | -4.0% |
| Financial debts | 170/4 | €383,973 | €368,544 | -€15,430 | -4.0% |
| Amounts payable within one year | 42/48 | €306,793 | €656,411 | +€349,617 | +114% |
| Current portion of amounts payable after more than one year | 42 | €14,806 | €15,430 | +€623 | +4.2% |
| Financial debts | 43 | €82,703 | €359,643 | +€276,940 | +335% |
| Credit institutions | 430/8 | €82,703 | €359,643 | +€276,940 | +335% |
| Trade debts | 44 | €70,482 | €148,423 | +€77,941 | +111% |
| Suppliers | 440/4 | €70,482 | €148,423 | +€77,941 | +111% |
| Advances received on contracts in progress | 46 | €55,037 | €48,460 | -€6,577 | -11.9% |
| Taxes, remuneration and social security | 45 | €83,766 | €36,090 | -€47,676 | -56.9% |
| Taxes | 450/3 | €77,542 | €36,090 | -€41,452 | -53.5% |
| Remuneration and social security | 454/9 | €6,224 | - | -€6,224 | |
| Other amounts payable | 47/48 | - | €48,366 | +€48,366 | |
| Accrued charges and deferred income | 492/3 | €13,864 | €15,608 | +€1,744 | +12.6% |
| Remuneration, social security and pensions | 62 | €14,997 | €3,464 | -€11,534 | -76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,718 | €23,196 | +€10,478 | +82.4% |
| Other operating charges | 640/8 | €6,416 | €2,384 | -€4,032 | -62.8% |
| Gross operating margin | 9900 | €282,238 | €22,943 | -€259,296 | -91.9% |
| Operating profit (loss) | 9901 | €248,107 | -€6,101 | -€254,209 | |
| Financial income | 75/76B | €1,225 | €526 | -€698 | -57.0% |
| Recurring financial income | 75 | €1,225 | €526 | -€698 | -57.0% |
| Financial charges | 65/66B | €51,171 | €25,656 | -€25,515 | -49.9% |
| Recurring financial charges | 65 | €51,171 | €25,656 | -€25,515 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €198,160 | -€31,231 | -€229,392 | |
| Income taxes | 67/77 | €60,037 | - | -€60,037 | |
| Profit (loss) for the period | 9904 | €138,123 | -€31,231 | -€169,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €138,123 | -€31,231 | -€169,354 |
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 29 October 2026 via checked.be.