Properties 18: 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.
Properties 18
Largest movements
- Stocks and contracts +€286,494
up €286,494 (+13.1%), from €2.2m to €2.5m
- Receivables within one year -€38,875
down €38,875 (-100%), from €38,875 to €0
of which Other amounts receivable: -€35,068
- Other debts +€331,361
up €331,361 (+49.7%), from €667,238 to €998,599
- Trade debts -€72,729
down €72,729 (-78.5%), from €92,612 to €19,883
- Gross operating margin -€2,563
down €2,563 (-38.6%), from -€6,632 to -€9,195
- Other operating charges +€541
up €541 (+60.3%), from €896 to €1,437
- Financial charges +€348
up €348 (+66.5%), from €523 to €872
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,221,062 | €2,468,756 | +€247,694 | +11.2% |
| Current assets | 29/58 | €2,221,062 | €2,468,756 | +€247,694 | +11.2% |
| Stocks and contracts in progress | 3 | €2,179,243 | €2,465,737 | +€286,494 | +13.1% |
| Stocks | 30/36 | €2,179,243 | €2,465,737 | +€286,494 | +13.1% |
| Amounts receivable within one year | 40/41 | €38,875 | €0 | -€38,875 | -100% |
| Trade receivables | 40 | €3,807 | €0 | -€3,807 | -100% |
| Other amounts receivable | 41 | €35,068 | €0 | -€35,068 | -100% |
| Cash at bank and in hand | 54/58 | €2,751 | €1,392 | -€1,359 | -49.4% |
| Deferred charges and accrued income | 490/1 | €194 | €1,627 | +€1,433 | +741% |
| Total equity and liabilities | 10/49 | €2,221,062 | €2,468,756 | +€247,694 | +11.2% |
| Equity | 10/15 | -€78,788 | -€90,291 | -€11,503 | -14.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,788 | -€95,291 | -€11,503 | -13.7% |
| Amounts payable | 17/49 | €2,299,850 | €2,559,047 | +€259,197 | +11.3% |
| Amounts payable within one year | 42/48 | €2,299,850 | €2,559,047 | +€259,197 | +11.3% |
| Financial debts | 43 | €1,540,000 | €1,540,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,540,000 | €1,540,000 | = | 0.0% |
| Trade debts | 44 | €92,612 | €19,883 | -€72,729 | -78.5% |
| Suppliers | 440/4 | €92,612 | €19,883 | -€72,729 | -78.5% |
| Taxes, remuneration and social security | 45 | - | €565 | +€565 | |
| Taxes | 450/3 | - | €565 | +€565 | |
| Other amounts payable | 47/48 | €667,238 | €998,599 | +€331,361 | +49.7% |
| Other operating charges | 640/8 | €896 | €1,437 | +€541 | +60.3% |
| Gross operating margin | 9900 | -€6,632 | -€9,195 | -€2,563 | -38.6% |
| Operating profit (loss) | 9901 | -€7,528 | -€10,632 | -€3,103 | -41.2% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100% |
| Financial charges | 65/66B | €523 | €872 | +€348 | +66.5% |
| Recurring financial charges | 65 | €523 | €872 | +€348 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,027 | -€11,503 | -€3,476 | -43.3% |
| Profit (loss) for the period | 9904 | -€8,027 | -€11,503 | -€3,476 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,027 | -€11,503 | -€3,476 | -43.3% |
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 15 October 2026 via checked.be.