OAKS ESTATE: 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
OAKS ESTATE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€149.8m
2024 · €8.0m-€157.8m
Equity
€503.7m
2024 · €653.5m-€149.8m
Cash
€2.2m
2024 · €4.6m-€2.4m
Balance sheet total
€560.4m
2024 · €714.3m-€153.9m
Largest movements
Assets
- Financial fixed assets -€162.8m
down €162.8m (-28.4%), from €572.8m to €410.0m
- Current investments +€7.6m
up €7.6m (+10.5%), from €72.7m to €80.3m
Equity and liabilities
- Profit (loss) carried forward -€149.8m
down €149.8m (-33.2%), from €451.5m to €301.7m
Income statement
- Financial charges +€197.8m
up €197.8m (+10,158%), from €1.9m to €199.8m
of which Non-recurring financial charges: +€199.5m
- Financial income +€39.3m
up €39.3m (+332%), from €11.8m to €51.1m
of which Financial income: +€39.2m
- Gross operating margin +€600,861
up €600,861 (+51.1%), from -€1.2m to -€574,021
- Taxes -€127,592
down €127,592 (-41.4%), from €308,454 to €180,862
- Other operating charges -€14,305
down €14,305 (-18.2%), from €78,794 to €64,489
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
€8.0m
Gross operating margin
+€600,861
Staff costs
-€8,918
Depreciation
-€541
Other operating charges
+€14,305
Other operating items
-€17,586
Financial income
+€39.3m
Financial charges
-€197.8m
Taxes
+€127,592
Result 2025
-€149.8m
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
-€154.7m
Investment
+€155.5m
Financing
-€3.2m
Cash 2024
€4.6m
From operations (derived)
-€154.7m
Net result for the year
-€149.8m
Depreciation
+€139,110
Receivables within one year
-€4.1m
Smaller working-capital items
+€10,381
Other debts
-€962,936
Investment (derived)
+€155.5m
Investment in fixed assets (net)
+€163.1m
Current investments
-€7.6m
Financing
-€3.2m
Current portion of long-term debt
-€3.1m
Contributions, distributions and other
-€45,000
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €714,290,254 | €560,382,764 | -€153.9m | -21.5% |
| Fixed assets | 21/28 | €583,682,858 | €420,456,221 | -€163.2m | -28.0% |
| Tangible fixed assets | 22/27 | €10,890,604 | €10,439,920 | -€450,684 | -4.1% |
| Land and buildings | 22 | €3,650,345 | €3,585,175 | -€65,170 | -1.8% |
| Plant, machinery and equipment | 23 | €112,341 | €104,413 | -€7,928 | -7.1% |
| Other tangible fixed assets | 26 | €7,127,918 | €6,750,332 | -€377,586 | -5.3% |
| Financial fixed assets | 28 | €572,792,255 | €410,016,301 | -€162.8m | -28.4% |
| Current assets | 29/58 | €130,607,396 | €139,926,544 | +€9.3m | +7.1% |
| Amounts receivable within one year | 40/41 | €53,349,266 | €57,461,539 | +€4.1m | +7.7% |
| Trade receivables | 40 | €15,000 | €125,575 | +€110,575 | +737% |
| Other amounts receivable | 41 | €53,334,266 | €57,335,964 | +€4.0m | +7.5% |
| Current investments | 50/53 | €72,660,863 | €80,257,316 | +€7.6m | +10.5% |
| Cash at bank and in hand | 54/58 | €4,553,609 | €2,153,677 | -€2.4m | -52.7% |
| Deferred charges and accrued income | 490/1 | €43,659 | €54,012 | +€10,353 | +23.7% |
| Total equity and liabilities | 10/49 | €714,290,254 | €560,382,764 | -€153.9m | -21.5% |
| Equity | 10/15 | €653,527,284 | €503,687,028 | -€149.8m | -22.9% |
| Contributions | 10/11 | €183,624,767 | €183,624,767 | = | 0.0% |
| Capital | 10 | €183,624,767 | €183,624,767 | = | 0.0% |
| Issued capital | 100 | €183,624,767 | €183,624,767 | = | 0.0% |
| Reserves | 13 | €18,362,477 | €18,362,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,362,477 | €18,362,477 | = | 0.0% |
| Legal reserve | 130 | €18,362,477 | €18,362,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | €451,540,041 | €301,699,785 | -€149.8m | -33.2% |
| Amounts payable | 17/49 | €60,762,970 | €56,695,736 | -€4.1m | -6.7% |
| Amounts payable after more than one year | 17 | €1,859 | €1,859 | = | 0.0% |
| Other amounts payable | 178/9 | €1,859 | €1,859 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,761,111 | €56,693,877 | -€4.1m | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €11,667,717 | €8,542,685 | -€3.1m | -26.8% |
| Trade debts | 44 | €9,122 | €27,684 | +€18,562 | +203% |
| Suppliers | 440/4 | €9,122 | €27,684 | +€18,562 | +203% |
| Taxes, remuneration and social security | 45 | - | €2,172 | +€2,172 | |
| Remuneration and social security | 454/9 | - | €2,172 | +€2,172 | |
| Other amounts payable | 47/48 | €49,084,272 | €48,121,336 | -€962,936 | -2.0% |
| Remuneration, social security and pensions | 62 | €136,648 | €145,566 | +€8,918 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,570 | €139,110 | +€541 | +0.4% |
| Other operating charges | 640/8 | €78,794 | €64,489 | -€14,305 | -18.2% |
| Non-recurring operating charges | 66A | - | €17,586 | +€17,586 | |
| Gross operating margin | 9900 | -€1,174,882 | -€574,021 | +€600,861 | +51.1% |
| Operating profit (loss) | 9901 | -€1,528,893 | -€940,772 | +€588,121 | +38.5% |
| Financial income | 75/76B | €11,820,545 | €51,089,949 | +€39.3m | +332% |
| Recurring financial income | 75 | €11,815,545 | €50,994,949 | +€39.2m | +332% |
| Non-recurring financial income | 76B | €5,000 | €95,000 | +€90,000 | +1,800% |
| Financial charges | 65/66B | €1,947,404 | €199,763,570 | +€197.8m | +10,158% |
| Recurring financial charges | 65 | €1,947,404 | €249,314 | -€1.7m | -87.2% |
| Non-recurring financial charges | 66B | - | €199,514,257 | +€199.5m | |
| Profit (loss) for the period before taxes | 9903 | €8,344,247 | -€149,614,394 | -€158.0m | |
| Income taxes | 67/77 | €308,454 | €180,862 | -€127,592 | -41.4% |
| Profit (loss) for the period | 9904 | €8,035,793 | -€149,795,256 | -€157.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €8,035,793 | -€149,795,256 | -€157.8m |
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 1 November 2026 via checked.be.