PASTE INVEST: 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
PASTE INVEST
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
€4,524
2024 · €271+€4,253
Equity
€108,071
2024 · €103,547+€4,524
Cash
€7,341
2024 · €6,483+€859
Balance sheet total
€2.3m
2024 · €2.3m-€70,914
Largest movements
Assets
- Tangible fixed assets -€71,029
down €71,029 (-3.1%), from €2.3m to €2.2m
Equity and liabilities
- Debts after one year -€192,979
down €192,979 (-10.3%), from €1.9m to €1.7m
- Other debts +€86,424
up €86,424 (+56.9%), from €151,800 to €238,224
Income statement
- Depreciation -€39,616
down €39,616 (-27.2%), from €145,382 to €105,767
- Gross operating margin -€20,073
down €20,073 (-9.2%), from €217,482 to €197,409
- Financial charges +€14,368
up €14,368 (+25.1%), from €57,213 to €71,581
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
€271
Gross operating margin
-€20,073
Depreciation
+€39,616
Other operating charges
+€147
Other operating items
-€1,069
Financial charges
-€14,368
Result 2025
€4,524
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
+€209,933
Investment
-€34,738
Financing
-€174,337
Cash 2024
€6,483
From operations (derived)
+€209,933
Net result for the year
+€4,524
Depreciation
+€105,767
Receivables within one year
+€523
Deferred charges and accrued income
+€221
Trade debts
+€14,187
Other debts
+€86,424
Accrued charges and deferred income
-€1,713
Investment (derived)
-€34,738
Investment in fixed assets (net)
-€34,738
Financing
-€174,337
Debts after one year
-€192,979
Current portion of long-term debt
+€18,642
Cash 2025
€7,341
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,327,105 | €2,256,191 | -€70,914 | -3.0% |
| Fixed assets | 21/28 | €2,257,395 | €2,186,366 | -€71,029 | -3.1% |
| Tangible fixed assets | 22/27 | €2,257,395 | €2,186,366 | -€71,029 | -3.1% |
| Land and buildings | 22 | €2,257,395 | €2,186,366 | -€71,029 | -3.1% |
| Current assets | 29/58 | €69,710 | €69,825 | +€115 | +0.2% |
| Amounts receivable within one year | 40/41 | €58,005 | €57,483 | -€523 | -0.9% |
| Trade receivables | 40 | €57,221 | €57,221 | = | 0.0% |
| Other amounts receivable | 41 | €784 | €261 | -€523 | -66.7% |
| Cash at bank and in hand | 54/58 | €6,483 | €7,341 | +€859 | +13.2% |
| Deferred charges and accrued income | 490/1 | €5,222 | €5,001 | -€221 | -4.2% |
| Total equity and liabilities | 10/49 | €2,327,105 | €2,256,191 | -€70,914 | -3.0% |
| Equity | 10/15 | €103,547 | €108,071 | +€4,524 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €970 | €970 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €970 | €970 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,977 | €88,501 | +€4,524 | +5.4% |
| Amounts payable | 17/49 | €2,223,558 | €2,148,120 | -€75,438 | -3.4% |
| Amounts payable after more than one year | 17 | €1,880,611 | €1,687,632 | -€192,979 | -10.3% |
| Financial debts | 170/4 | €1,880,611 | €1,687,632 | -€192,979 | -10.3% |
| Amounts payable within one year | 42/48 | €341,235 | €460,488 | +€119,253 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €188,467 | €207,109 | +€18,642 | +9.9% |
| Trade debts | 44 | €968 | €15,154 | +€14,187 | +1,466% |
| Suppliers | 440/4 | €968 | €15,154 | +€14,187 | +1,466% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €151,800 | €238,224 | +€86,424 | +56.9% |
| Accrued charges and deferred income | 492/3 | €1,713 | €0 | -€1,713 | -100% |
| Non-recurring operating income | 76A | €29,062 | €0 | -€29,062 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,382 | €105,767 | -€39,616 | -27.2% |
| Other operating charges | 640/8 | €14,616 | €14,468 | -€147 | -1.0% |
| Non-recurring operating charges | 66A | - | €1,069 | +€1,069 | |
| Gross operating margin | 9900 | €217,482 | €197,409 | -€20,073 | -9.2% |
| Operating profit (loss) | 9901 | €57,484 | €76,105 | +€18,621 | +32.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €57,213 | €71,581 | +€14,368 | +25.1% |
| Recurring financial charges | 65 | €57,213 | €71,581 | +€14,368 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €271 | €4,524 | +€4,253 | +1,566% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €271 | €4,524 | +€4,253 | +1,566% |
| Profit (loss) for the period to be appropriated | 9905 | €271 | €4,524 | +€4,253 | +1,566% |
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 20 October 2026 via checked.be.