PRO - ACTIVE: 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
PRO - ACTIVE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€58,871
2024 · €1.3m-€1.3m
Equity
€4.0m
2024 · €4.0m-€58,871
Cash
€134
2024 · €6,602-€6,468
Balance sheet total
€6.2m
2024 · €6.3m-€23,887
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€86,499
down €86,499 (-5.3%), from €1.6m to €1.5m
of which Financial debts: -€100,418
Income statement
- Gross operating margin -€1.8m
down €1.8m (-96.8%), from €1.8m to €59,062
- Financial charges -€57,958
down €57,958 (-41.6%), from €139,183 to €81,225
- Depreciation -€27,203
down €27,203 (-47.6%), from €57,202 to €29,999
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
€1.3m
Gross operating margin
-€1.8m
Depreciation
+€27,203
Other operating charges
+€827
Financial income
+€25
Financial charges
+€57,958
Deferred taxes and other
+€367,735
Result 2025
-€58,871
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
+€48,009
Investment
-€3,575
Financing
-€50,902
Cash 2024
€6,602
From operations (derived)
+€48,009
Net result for the year
-€58,871
Depreciation
+€29,999
Stocks and contracts
+€4,025
Receivables within one year
-€12,985
Smaller working-capital items
-€76
Trade debts
+€42,834
Advances received
+€57,500
Other debts
-€4,563
Accrued charges and deferred income
-€9,854
Investment (derived)
-€3,575
Investment in fixed assets (net)
-€3,575
Financing
-€50,902
Debts after one year
-€86,499
Current portion of long-term debt
+€35,597
Cash 2025
€134
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,260,229 | €6,236,342 | -€23,887 | -0.4% |
| Fixed assets | 21/28 | €6,220,246 | €6,193,823 | -€26,424 | -0.4% |
| Tangible fixed assets | 22/27 | €2,692,570 | €2,666,321 | -€26,249 | -1.0% |
| Land and buildings | 22 | €2,688,408 | €2,662,229 | -€26,179 | -1.0% |
| Plant, machinery and equipment | 23 | €952 | €687 | -€265 | -27.9% |
| Furniture and vehicles | 24 | €1,098 | €3,405 | +€2,308 | +210.2% |
| Other tangible fixed assets | 26 | €2,113 | €0 | -€2,113 | -100.0% |
| Financial fixed assets | 28 | €3,527,677 | €3,527,502 | -€174 | 0.0% |
| Current assets | 29/58 | €39,982 | €42,519 | +€2,537 | +6.3% |
| Stocks and contracts in progress | 3 | €5,008 | €983 | -€4,025 | -80.4% |
| Stocks | 30/36 | €5,008 | €983 | -€4,025 | -80.4% |
| Amounts receivable within one year | 40/41 | €25,495 | €38,480 | +€12,985 | +50.9% |
| Trade receivables | 40 | €24,643 | €37,591 | +€12,948 | +52.5% |
| Other amounts receivable | 41 | €852 | €889 | +€37 | +4.4% |
| Cash at bank and in hand | 54/58 | €6,602 | €134 | -€6,468 | -98.0% |
| Deferred charges and accrued income | 490/1 | €2,878 | €2,922 | +€44 | +1.5% |
| Total equity and liabilities | 10/49 | €6,260,229 | €6,236,342 | -€23,887 | -0.4% |
| Equity | 10/15 | €4,041,814 | €3,982,943 | -€58,871 | -1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,060,000 | €2,060,000 | = | 0.0% |
| Reserves | 13 | €1,336,658 | €1,336,658 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,330,458 | €1,330,458 | = | 0.0% |
| Profit (loss) carried forward | 14 | €583,156 | €524,285 | -€58,871 | -10.1% |
| Provisions and deferred taxes | 16 | €443,486 | €443,486 | = | 0.0% |
| Deferred taxes | 168 | €443,486 | €443,486 | = | 0.0% |
| Amounts payable | 17/49 | €1,774,929 | €1,809,913 | +€34,984 | +2.0% |
| Amounts payable after more than one year | 17 | €1,632,176 | €1,545,678 | -€86,499 | -5.3% |
| Financial debts | 170/4 | €1,615,950 | €1,515,532 | -€100,418 | -6.2% |
| Other amounts payable | 178/9 | €16,227 | €30,146 | +€13,919 | +85.8% |
| Amounts payable within one year | 42/48 | €114,080 | €245,418 | +€131,337 | +115.1% |
| Current portion of amounts payable after more than one year | 42 | €53,876 | €89,473 | +€35,597 | +66.1% |
| Trade debts | 44 | €35,064 | €77,898 | +€42,834 | +122.2% |
| Suppliers | 440/4 | €35,064 | €77,898 | +€42,834 | +122.2% |
| Advances received on contracts in progress | 46 | €17,400 | €74,900 | +€57,500 | +330.5% |
| Taxes, remuneration and social security | 45 | €1,377 | €1,346 | -€31 | -2.3% |
| Taxes | 450/3 | €1,377 | €1,346 | -€31 | -2.3% |
| Other amounts payable | 47/48 | €6,363 | €1,801 | -€4,563 | -71.7% |
| Accrued charges and deferred income | 492/3 | €28,672 | €18,818 | -€9,854 | -34.4% |
| Non-recurring operating income | 76A | €1,773,943 | - | -€1.8m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,202 | €29,999 | -€27,203 | -47.6% |
| Other operating charges | 640/8 | €7,561 | €6,734 | -€827 | -10.9% |
| Gross operating margin | 9900 | €1,821,709 | €59,062 | -€1.8m | -96.8% |
| Operating profit (loss) | 9901 | €1,756,946 | €22,329 | -€1.7m | -98.7% |
| Financial income | 75/76B | €1 | €26 | +€25 | +3401.4% |
| Recurring financial income | 75 | €1 | €26 | +€25 | +3401.4% |
| Financial charges | 65/66B | €139,183 | €81,225 | -€57,958 | -41.6% |
| Recurring financial charges | 65 | €139,183 | €81,225 | -€57,958 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €1,617,763 | -€58,871 | -€1.7m | |
| Transfer from deferred taxes | 780 | €75,751 | - | -€75,751 | |
| Transfer to deferred taxes | 680 | €443,486 | - | -€443,486 | |
| Profit (loss) for the period | 9904 | €1,250,028 | -€58,871 | -€1.3m | |
| Transfer from tax-exempt reserves | 789 | €180,338 | - | -€180,338 | |
| Transfer to tax-exempt reserves | 689 | €1,330,458 | - | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €99,908 | -€58,871 | -€158,779 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.