PART-C-LEASE: what changed
What changed
PART-C-LEASE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€19,610
2024 · €4,579-€24,189
Equity
€72,660
2024 · €92,270-€19,610
Cash
-
2024 · €8,825-€8,825
Balance sheet total
€525,703
2024 · €533,239-€7,536
Largest movements
Assets
- Cash -€8,825
no longer reported in 2025 (was €8,825)
mainly Debts after one year (-€31,172) and Net result for the year (-€19,610)
Equity and liabilities
- Other debts +€40,515
up €40,515 (+29.0%), from €139,877 to €180,392
- Debts after one year -€31,172
down €31,172 (-12.7%), from €245,559 to €214,387
- Profit (loss) carried forward -€19,610
down €19,610 (-37.5%), from €52,270 to €32,660
- Accrued charges and deferred income -€6,975
down €6,975 (-48.2%), from €14,476 to €7,501
- Tax, wage and social debts +€5,783
new in 2025: €5,783
of which Taxes: +€3,250
Income statement
- Staff costs +€39,070
up €39,070 (+156%), from €25,003 to €64,073
- Gross operating margin +€23,342
up €23,342 (+45.2%), from €51,638 to €74,980
- Taxes +€7,139
new in 2025: €7,139
- Depreciation +€2,109
up €2,109 (+17.3%), from €12,202 to €14,311
- Financial charges -€1,445
down €1,445 (-18.1%), from €7,995 to €6,550
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
€4,579
Gross operating margin
+€23,342
Staff costs
-€39,070
Depreciation
-€2,109
Other operating charges
-€558
Other operating items
-€100
Financial charges
+€1,445
Taxes
-€7,139
Result 2025
-€19,610
raises the resultlowers the resultnot broken down further in the accounts
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
+€33,294
Investment
-€13,125
Financing
-€28,994
Cash 2024
€8,825
From operations (derived)
+€33,294
Net result for the year
-€19,610
Depreciation
+€14,311
Receivables within one year
-€2,721
Deferred charges and accrued income
+€246
Trade debts
+€1,745
Tax, wage and social debts
+€5,783
Other debts
+€40,515
Accrued charges and deferred income
-€6,975
Investment (derived)
-€13,125
Investment in fixed assets (net)
-€13,125
Financing
-€28,994
Debts after one year
-€31,172
Current portion of long-term debt
+€756
Short-term financial debts
+€1,422
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,239 | €525,703 | -€7,536 | -1.4% |
| Fixed assets | 21/28 | €508,263 | €507,077 | -€1,186 | -0.2% |
| Tangible fixed assets | 22/27 | €508,263 | €507,077 | -€1,186 | -0.2% |
| Land and buildings | 22 | €488,865 | €494,145 | +€5,280 | +1.1% |
| Furniture and vehicles | 24 | €19,398 | €12,932 | -€6,466 | -33.3% |
| Current assets | 29/58 | €24,976 | €18,626 | -€6,350 | -25.4% |
| Amounts receivable within one year | 40/41 | €15,461 | €18,182 | +€2,721 | +17.6% |
| Other amounts receivable | 41 | €15,461 | €18,182 | +€2,721 | +17.6% |
| Cash at bank and in hand | 54/58 | €8,825 | - | -€8,825 | |
| Deferred charges and accrued income | 490/1 | €690 | €444 | -€246 | -35.7% |
| Total equity and liabilities | 10/49 | €533,239 | €525,703 | -€7,536 | -1.4% |
| Equity | 10/15 | €92,270 | €72,660 | -€19,610 | -21.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | - | -€40,000 | |
| Issued capital | 100 | €40,000 | - | -€40,000 | |
| Profit (loss) carried forward | 14 | €52,270 | €32,660 | -€19,610 | -37.5% |
| Amounts payable | 17/49 | €440,969 | €453,043 | +€12,074 | +2.7% |
| Amounts payable after more than one year | 17 | €245,559 | €214,387 | -€31,172 | -12.7% |
| Financial debts | 170/4 | €245,559 | €214,387 | -€31,172 | -12.7% |
| Amounts payable within one year | 42/48 | €180,934 | €231,155 | +€50,221 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €30,416 | €31,172 | +€756 | +2.5% |
| Financial debts | 43 | - | €1,422 | +€1,422 | |
| Credit institutions | 430/8 | - | €1,422 | +€1,422 | |
| Trade debts | 44 | €10,641 | €12,386 | +€1,745 | +16.4% |
| Suppliers | 440/4 | €10,641 | €12,386 | +€1,745 | +16.4% |
| Taxes, remuneration and social security | 45 | - | €5,783 | +€5,783 | |
| Taxes | 450/3 | - | €3,250 | +€3,250 | |
| Remuneration and social security | 454/9 | - | €2,533 | +€2,533 | |
| Other amounts payable | 47/48 | €139,877 | €180,392 | +€40,515 | +29.0% |
| Accrued charges and deferred income | 492/3 | €14,476 | €7,501 | -€6,975 | -48.2% |
| Remuneration, social security and pensions | 62 | €25,003 | €64,073 | +€39,070 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,202 | €14,311 | +€2,109 | +17.3% |
| Other operating charges | 640/8 | €1,859 | €2,417 | +€558 | +30.0% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €51,638 | €74,980 | +€23,342 | +45.2% |
| Operating profit (loss) | 9901 | €12,574 | -€5,921 | -€18,495 | |
| Financial charges | 65/66B | €7,995 | €6,550 | -€1,445 | -18.1% |
| Recurring financial charges | 65 | €7,995 | €6,550 | -€1,445 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €4,579 | -€12,471 | -€17,050 | |
| Income taxes | 67/77 | - | €7,139 | +€7,139 | |
| Profit (loss) for the period | 9904 | €4,579 | -€19,610 | -€24,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,579 | -€19,610 | -€24,189 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.