PROPERTY CUBE: 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.
PROPERTY CUBE
Largest movements
- Tangible fixed assets -€17,522
down €17,522 (-4.1%), from €424,790 to €407,267
of which Land and buildings: -€16,232
- Receivables within one year +€12,045
up €12,045 (+33.5%), from €35,916 to €47,960
of which Other amounts receivable: +€21,709
- Reserves +€32,372
up €32,372 (+9.3%), from €347,532 to €379,904
of which Distributable reserves: +€32,372
- Debts after one year -€24,449
down €24,449 (-13.3%), from €183,834 to €159,385
- Tax, wage and social debts +€20,743
up €20,743 (+77.1%), from €26,909 to €47,651
of which Taxes: +€15,419
- Short-term financial debts -€20,000
down €20,000 (-100%), from €20,000 to €0
- Other debts -€10,924
down €10,924 (-85.2%), from €12,824 to €1,900
- Financial income -€61,591
down €61,591 (-96.9%), from €63,591 to €2,000
- Gross operating margin +€15,396
up €15,396 (+22.2%), from €69,264 to €84,660
- Financial charges -€7,626
down €7,626 (-39.2%), from €19,451 to €11,826
- Other operating charges +€3,756
up €3,756 (+109%), from €3,447 to €7,203
- Taxes -€1,612
down €1,612 (-8.3%), from €19,350 to €17,737
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 | €743,535 | €738,758 | -€4,777 | -0.6% |
| Fixed assets | 21/28 | €615,437 | €597,914 | -€17,522 | -2.8% |
| Tangible fixed assets | 22/27 | €424,790 | €407,267 | -€17,522 | -4.1% |
| Land and buildings | 22 | €416,620 | €400,388 | -€16,232 | -3.9% |
| Plant, machinery and equipment | 23 | €8,170 | €6,880 | -€1,290 | -15.8% |
| Financial fixed assets | 28 | €190,647 | €190,647 | = | 0.0% |
| Current assets | 29/58 | €128,098 | €140,844 | +€12,746 | +9.9% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,916 | €47,960 | +€12,045 | +33.5% |
| Trade receivables | 40 | €12,579 | €2,914 | -€9,665 | -76.8% |
| Other amounts receivable | 41 | €23,337 | €45,046 | +€21,709 | +93.0% |
| Cash at bank and in hand | 54/58 | €2,182 | €2,883 | +€701 | +32.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €743,535 | €738,758 | -€4,777 | -0.6% |
| Equity | 10/15 | €468,113 | €500,484 | +€32,372 | +6.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €347,532 | €379,904 | +€32,372 | +9.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €347,532 | €379,904 | +€32,372 | +9.3% |
| Profit (loss) carried forward | 14 | €90,580 | €90,580 | = | 0.0% |
| Amounts payable | 17/49 | €275,422 | €238,274 | -€37,148 | -13.5% |
| Amounts payable after more than one year | 17 | €183,834 | €159,385 | -€24,449 | -13.3% |
| Financial debts | 170/4 | €183,834 | €159,385 | -€24,449 | -13.3% |
| Amounts payable within one year | 42/48 | €91,588 | €76,978 | -€14,610 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €30,489 | €26,461 | -€4,028 | -13.2% |
| Financial debts | 43 | €20,000 | €0 | -€20,000 | -100% |
| Credit institutions | 430/8 | €20,000 | €0 | -€20,000 | -100% |
| Trade debts | 44 | €1,366 | €966 | -€400 | -29.3% |
| Suppliers | 440/4 | €1,366 | €966 | -€400 | -29.3% |
| Taxes, remuneration and social security | 45 | €26,909 | €47,651 | +€20,743 | +77.1% |
| Taxes | 450/3 | €26,909 | €42,327 | +€15,419 | +57.3% |
| Remuneration and social security | 454/9 | - | €5,324 | +€5,324 | |
| Other amounts payable | 47/48 | €12,824 | €1,900 | -€10,924 | -85.2% |
| Accrued charges and deferred income | 492/3 | - | €1,911 | +€1,911 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,112 | €17,522 | +€410 | +2.4% |
| Other operating charges | 640/8 | €3,447 | €7,203 | +€3,756 | +109% |
| Gross operating margin | 9900 | €69,264 | €84,660 | +€15,396 | +22.2% |
| Operating profit (loss) | 9901 | €48,705 | €59,935 | +€11,229 | +23.1% |
| Financial income | 75/76B | €63,591 | €2,000 | -€61,591 | -96.9% |
| Recurring financial income | 75 | €63,591 | €2,000 | -€61,591 | -96.9% |
| Financial charges | 65/66B | €19,451 | €11,826 | -€7,626 | -39.2% |
| Recurring financial charges | 65 | €19,451 | €11,826 | -€7,626 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €92,845 | €50,109 | -€42,737 | -46.0% |
| Income taxes | 67/77 | €19,350 | €17,737 | -€1,612 | -8.3% |
| Profit (loss) for the period | 9904 | €73,496 | €32,372 | -€41,124 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,496 | €32,372 | -€41,124 | -56.0% |
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 27 October 2026 via checked.be.