Option B: 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
Option B
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€90,476
2024 · €59,322+€31,153
Equity
€1.4m
2024 · €1.3m+€90,476
Cash
€135,499
2024 · €94,293+€41,206
Balance sheet total
€3.9m
2024 · €4.3m-€370,731
Largest movements
Assets
- Tangible fixed assets -€224,458
down €224,458 (-5.8%), from €3.9m to €3.6m
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
Equity and liabilities
- Debts after one year -€368,168
down €368,168 (-22.5%), from €1.6m to €1.3m
- Profit (loss) carried forward +€90,476
up €90,476 (+6.9%), from €1.3m to €1.4m
Income statement
- Other operating charges -€51,411
down €51,411 (-37.2%), from €138,351 to €86,940
- Gross operating margin -€20,450
down €20,450 (-3.7%), from €552,200 to €531,750
- Taxes +€14,012
up €14,012 (+48.5%), from €28,896 to €42,908
- Financial charges -€13,108
down €13,108 (-13.3%), from €98,671 to €85,563
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
€59,322
Gross operating margin
-€20,450
Depreciation
-€3,639
Other operating charges
+€51,411
Financial income
+€4,735
Financial charges
+€13,108
Taxes
-€14,012
Result 2025
€90,476
Cash bridge derived
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
+€279,170
Investment
+€143,841
Financing
-€381,805
Cash 2024
€94,293
From operations (derived)
+€279,170
Net result for the year
+€90,476
Depreciation
+€230,617
Receivables within one year
+€37,245
Smaller working-capital items
+€662
Trade debts
-€31,243
Tax, wage and social debts
-€18,179
Other debts
-€30,407
Investment (derived)
+€143,841
Investment in fixed assets (net)
-€6,159
Current investments
+€150,000
Financing
-€381,805
Debts after one year
-€368,168
Current portion of long-term debt
-€13,637
Cash 2025
€135,499
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,297,684 | €3,926,952 | -€370,731 | -8.6% |
| Fixed assets | 21/28 | €3,913,885 | €3,689,427 | -€224,458 | -5.7% |
| Tangible fixed assets | 22/27 | €3,853,885 | €3,629,427 | -€224,458 | -5.8% |
| Land and buildings | 22 | €3,151,260 | €3,058,980 | -€92,280 | -2.9% |
| Plant, machinery and equipment | 23 | €656,946 | €547,249 | -€109,697 | -16.7% |
| Furniture and vehicles | 24 | €44,479 | €21,997 | -€22,482 | -50.5% |
| Other tangible fixed assets | 26 | €1,200 | €1,200 | = | 0.0% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €383,799 | €237,526 | -€146,273 | -38.1% |
| Amounts receivable within one year | 40/41 | €124,911 | €87,667 | -€37,245 | -29.8% |
| Trade receivables | 40 | €52,911 | €27,167 | -€25,745 | -48.7% |
| Other amounts receivable | 41 | €72,000 | €60,500 | -€11,500 | -16.0% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €94,293 | €135,499 | +€41,206 | +43.7% |
| Deferred charges and accrued income | 490/1 | €14,595 | €14,360 | -€235 | -1.6% |
| Total equity and liabilities | 10/49 | €4,297,684 | €3,926,952 | -€370,731 | -8.6% |
| Equity | 10/15 | €1,338,993 | €1,429,469 | +€90,476 | +6.8% |
| Contributions | 10/11 | €25,754 | €25,754 | = | 0.0% |
| Reserves | 13 | €9,763 | €9,763 | = | 0.0% |
| Tax-exempt reserves | 132 | €483 | €483 | = | 0.0% |
| Distributable reserves | 133 | €9,281 | €9,281 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,303,476 | €1,393,952 | +€90,476 | +6.9% |
| Amounts payable | 17/49 | €2,958,690 | €2,497,484 | -€461,207 | -15.6% |
| Amounts payable after more than one year | 17 | €1,637,547 | €1,269,378 | -€368,168 | -22.5% |
| Financial debts | 170/4 | €1,637,547 | €1,269,378 | -€368,168 | -22.5% |
| Amounts payable within one year | 42/48 | €1,321,144 | €1,228,105 | -€93,038 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €381,805 | €368,168 | -€13,637 | -3.6% |
| Trade debts | 44 | €50,314 | €19,071 | -€31,243 | -62.1% |
| Suppliers | 440/4 | €50,314 | €19,071 | -€31,243 | -62.1% |
| Advances received on contracts in progress | 46 | - | €427 | +€427 | |
| Taxes, remuneration and social security | 45 | €23,634 | €5,455 | -€18,179 | -76.9% |
| Taxes | 450/3 | €23,634 | €5,455 | -€18,179 | -76.9% |
| Other amounts payable | 47/48 | €865,391 | €834,984 | -€30,407 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,978 | €230,617 | +€3,639 | +1.6% |
| Other operating charges | 640/8 | €138,351 | €86,940 | -€51,411 | -37.2% |
| Gross operating margin | 9900 | €552,200 | €531,750 | -€20,450 | -3.7% |
| Operating profit (loss) | 9901 | €186,871 | €214,194 | +€27,323 | +14.6% |
| Financial income | 75/76B | €18 | €4,753 | +€4,735 | +26276.0% |
| Recurring financial income | 75 | €18 | €4,753 | +€4,735 | +26276.0% |
| Financial charges | 65/66B | €98,671 | €85,563 | -€13,108 | -13.3% |
| Recurring financial charges | 65 | €98,671 | €85,563 | -€13,108 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €88,218 | €133,384 | +€45,166 | +51.2% |
| Income taxes | 67/77 | €28,896 | €42,908 | +€14,012 | +48.5% |
| Profit (loss) for the period | 9904 | €59,322 | €90,476 | +€31,153 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,322 | €90,476 | +€31,153 | +52.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.