O.I.C.I.: what changed
What changed
O.I.C.I.
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€59,729
2024 · -€41,188+€100,917
Equity
€437,339
2024 · €377,610+€59,729
Cash
€57,665
2024 · €52,498+€5,167
Balance sheet total
€2.0m
2024 · €1.4m+€624,317
Largest movements
Assets
- Tangible fixed assets +€624,496
up €624,496 (+47.1%), from €1.3m to €2.0m
of which Land and buildings: +€625,071
Equity and liabilities
- Debts after one year +€456,618
up €456,618 (+157%), from €290,047 to €746,664
of which Other amounts payable: +€492,605
- Current portion of long-term debt +€120,339
up €120,339 (+20.6%), from €582,841 to €703,180
- Profit (loss) carried forward +€82,943
up €82,943 (+66.5%), from €124,731 to €207,674
- Reserves -€23,214
down €23,214 (-9.9%), from €234,287 to €211,074
of which Tax-exempt reserves: -€23,214
Income statement
- Gross operating margin +€137,557
up €137,557 (+305%), from €45,082 to €182,639
- Depreciation +€47,500
up €47,500 (+83.2%), from €57,109 to €104,609
- Financial charges -€11,191
down €11,191 (-32.4%), from €34,565 to €23,374
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
-€41,188
Gross operating margin
+€137,557
Depreciation
-€47,500
Other operating charges
-€219
Financial income
-€106
Financial charges
+€11,191
Taxes
-€6
Result 2025
€59,729
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
+€157,323
Investment
-€729,113
Financing
+€576,957
Cash 2024
€52,498
From operations (derived)
+€157,323
Net result for the year
+€59,729
Depreciation
+€104,609
Receivables within one year
+€5,250
Smaller working-capital items
+€1,822
Provisions
-€11,959
Accrued charges and deferred income
-€2,129
Investment (derived)
-€729,113
Investment in fixed assets (net)
-€729,113
Financing
+€576,957
Debts after one year
+€456,618
Current portion of long-term debt
+€120,339
Cash 2025
€57,665
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,407,471 | €2,031,788 | +€624,317 | +44.4% |
| Fixed assets | 21/28 | €1,332,889 | €1,957,394 | +€624,505 | +46.9% |
| Tangible fixed assets | 22/27 | €1,326,156 | €1,950,652 | +€624,496 | +47.1% |
| Land and buildings | 22 | €1,325,321 | €1,950,392 | +€625,071 | +47.2% |
| Furniture and vehicles | 24 | €835 | €260 | -€575 | -68.9% |
| Financial fixed assets | 28 | €6,733 | €6,742 | +€9 | +0.1% |
| Current assets | 29/58 | €74,582 | €74,394 | -€188 | -0.3% |
| Amounts receivable within one year | 40/41 | €18,426 | €13,176 | -€5,250 | -28.5% |
| Trade receivables | 40 | €13,131 | €9,432 | -€3,699 | -28.2% |
| Other amounts receivable | 41 | €5,295 | €3,744 | -€1,551 | -29.3% |
| Cash at bank and in hand | 54/58 | €52,498 | €57,665 | +€5,167 | +9.8% |
| Deferred charges and accrued income | 490/1 | €3,657 | €3,553 | -€104 | -2.9% |
| Total equity and liabilities | 10/49 | €1,407,471 | €2,031,788 | +€624,317 | +44.4% |
| Equity | 10/15 | €377,610 | €437,339 | +€59,729 | +15.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €234,287 | €211,074 | -€23,214 | -9.9% |
| Tax-exempt reserves | 132 | €232,136 | €208,923 | -€23,214 | -10.0% |
| Distributable reserves | 133 | €2,151 | €2,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,731 | €207,674 | +€82,943 | +66.5% |
| Provisions and deferred taxes | 16 | €119,585 | €107,627 | -€11,959 | -10.0% |
| Deferred taxes | 168 | €119,585 | €107,627 | -€11,959 | -10.0% |
| Amounts payable | 17/49 | €910,276 | €1,486,821 | +€576,546 | +63.3% |
| Amounts payable after more than one year | 17 | €290,047 | €746,664 | +€456,618 | +157% |
| Financial debts | 170/4 | €120,146 | €84,158 | -€35,987 | -30.0% |
| Other amounts payable | 178/9 | €169,901 | €662,506 | +€492,605 | +290% |
| Amounts payable within one year | 42/48 | €596,850 | €718,907 | +€122,057 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €582,841 | €703,180 | +€120,339 | +20.6% |
| Trade debts | 44 | €11,915 | €13,184 | +€1,269 | +10.7% |
| Suppliers | 440/4 | €11,915 | €13,184 | +€1,269 | +10.7% |
| Taxes, remuneration and social security | 45 | €2,095 | €2,543 | +€448 | +21.4% |
| Taxes | 450/3 | €506 | €945 | +€439 | +86.7% |
| Remuneration and social security | 454/9 | €1,589 | €1,598 | +€9 | +0.6% |
| Accrued charges and deferred income | 492/3 | €23,379 | €21,250 | -€2,129 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,109 | €104,609 | +€47,500 | +83.2% |
| Other operating charges | 640/8 | €6,342 | €6,560 | +€219 | +3.4% |
| Gross operating margin | 9900 | €45,082 | €182,639 | +€137,557 | +305% |
| Operating profit (loss) | 9901 | -€18,368 | €71,470 | +€89,838 | |
| Financial income | 75/76B | €153 | €47 | -€106 | -69.3% |
| Recurring financial income | 75 | €153 | €47 | -€106 | -69.3% |
| Financial charges | 65/66B | €34,565 | €23,374 | -€11,191 | -32.4% |
| Recurring financial charges | 65 | €34,565 | €23,374 | -€11,191 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€52,781 | €48,143 | +€100,924 | |
| Transfer from deferred taxes | 780 | €11,959 | €11,959 | = | 0.0% |
| Income taxes | 67/77 | €366 | €372 | +€6 | +1.7% |
| Profit (loss) for the period | 9904 | -€41,188 | €59,729 | +€100,917 | |
| Transfer from tax-exempt reserves | 789 | €23,214 | €23,214 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,974 | €82,943 | +€100,917 |
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 3 November 2026 via checked.be.