Properties Plus: what changed
Two fiscal 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 Plus
Largest movements
- Tangible fixed assets +€1.1m
new in 2025: €1.1m
of which Land and buildings: +€1.0m
- Receivables after one year -€700,565
down €700,565 (-75.7%), from €925,565 to €225,000
- Cash +€606,921
up €606,921 (+398.9%), from €152,153 to €759,075
- Financial fixed assets -€496,585
down €496,585 (-94.6%), from €525,000 to €28,415
- Intangible fixed assets +€82,925
new in 2025: €82,925
- Other debts +€1.3m
up €1.3m (+440.8%), from €283,569 to €1.5m
- Short-term financial debts -€625,000
down €625,000 (-100.0%), from €625,000 to €0
- Accrued charges and deferred income -€48,130
down €48,130 (-100.0%), from €48,130 to €0
- Reserves -€34,927
down €34,927 (-15.1%), from €231,000 to €196,073
of which Distributable reserves: -€34,927
- Depreciation +€151,845
new in 2025: €151,845
- Financial income +€90,181
new in 2025: €90,181
- Gross operating margin +€62,641
up €62,641, from -€6,573 to €56,068
- Financial charges -€43,112
down €43,112 (-68.6%), from €62,821 to €19,709
- Other operating charges +€7,759
up €7,759 (+721.6%), from €1,075 to €8,835
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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,371,204 | €2,957,686 | +€586,482 | +24.7% |
| Fixed assets | 21/28 | €525,000 | €1,184,331 | +€659,331 | +125.6% |
| Intangible fixed assets | 21 | - | €82,925 | +€82,925 | |
| Tangible fixed assets | 22/27 | - | €1,072,991 | +€1.1m | |
| Land and buildings | 22 | - | €1,011,372 | +€1.0m | |
| Furniture and vehicles | 24 | - | €61,619 | +€61,619 | |
| Financial fixed assets | 28 | €525,000 | €28,415 | -€496,585 | -94.6% |
| Current assets | 29/58 | €1,846,204 | €1,773,355 | -€72,850 | -3.9% |
| Amounts receivable after more than one year | 29 | €925,565 | €225,000 | -€700,565 | -75.7% |
| Other amounts receivable | 291 | €925,565 | €225,000 | -€700,565 | -75.7% |
| Stocks and contracts in progress | 3 | €767,200 | €785,300 | +€18,100 | +2.4% |
| Stocks | 30/36 | €767,200 | €785,300 | +€18,100 | +2.4% |
| Amounts receivable within one year | 40/41 | €1,286 | €3,980 | +€2,694 | +209.5% |
| Trade receivables | 40 | - | €3,964 | +€3,964 | |
| Other amounts receivable | 41 | €1,286 | €16 | -€1,270 | -98.8% |
| Cash at bank and in hand | 54/58 | €152,153 | €759,075 | +€606,921 | +398.9% |
| Total equity and liabilities | 10/49 | €2,371,204 | €2,957,686 | +€586,482 | +24.7% |
| Equity | 10/15 | €331,000 | €296,073 | -€34,927 | -10.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €231,000 | €196,073 | -€34,927 | -15.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €231,000 | €196,073 | -€34,927 | -15.1% |
| Amounts payable | 17/49 | €2,040,204 | €2,661,613 | +€621,408 | +30.5% |
| Amounts payable after more than one year | 17 | €1,083,267 | €1,107,056 | +€23,790 | +2.2% |
| Financial debts | 170/4 | €1,083,267 | €1,107,056 | +€23,790 | +2.2% |
| Amounts payable within one year | 42/48 | €908,808 | €1,554,557 | +€645,749 | +71.1% |
| Financial debts | 43 | €625,000 | €0 | -€625,000 | -100.0% |
| Credit institutions | 430/8 | €625,000 | €0 | -€625,000 | -100.0% |
| Trade debts | 44 | €239 | €8,935 | +€8,697 | +3640.3% |
| Suppliers | 440/4 | €239 | €8,935 | +€8,697 | +3640.3% |
| Taxes, remuneration and social security | 45 | €0 | €12,052 | +€12,052 | |
| Taxes | 450/3 | €0 | €12,052 | +€12,052 | |
| Other amounts payable | 47/48 | €283,569 | €1,533,569 | +€1.3m | +440.8% |
| Accrued charges and deferred income | 492/3 | €48,130 | €0 | -€48,130 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €151,845 | +€151,845 | |
| Other operating charges | 640/8 | €1,075 | €8,835 | +€7,759 | +721.6% |
| Gross operating margin | 9900 | -€6,573 | €56,068 | +€62,641 | |
| Operating profit (loss) | 9901 | -€7,648 | -€104,611 | -€96,963 | -1267.9% |
| Financial income | 75/76B | - | €90,181 | +€90,181 | |
| Recurring financial income | 75 | - | €90,181 | +€90,181 | |
| Financial charges | 65/66B | €62,821 | €19,709 | -€43,112 | -68.6% |
| Recurring financial charges | 65 | €62,821 | €19,709 | -€43,112 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | -€70,469 | -€34,139 | +€36,330 | +51.6% |
| Income taxes | 67/77 | €0 | €788 | +€788 | |
| Profit (loss) for the period | 9904 | -€70,469 | -€34,927 | +€35,542 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,469 | -€34,927 | +€35,542 | +50.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.