PROPERTY D.C.: 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 D.C.
Largest movements
- Tangible fixed assets -€55,444
down €55,444 (-8.6%), from €643,724 to €588,280
- Cash +€31,963
up €31,963 (+10.4%), from €307,945 to €339,908
mainly Net result for the year (+€77,960) and Depreciation (+€55,444)
- Reserves -€12,040
down €12,040 (-1.8%), from €674,395 to €662,355
of which Tax-exempt reserves: -€28,755
- Gross operating margin +€10,609
up €10,609 (+6.6%), from €159,598 to €170,207
- Taxes +€2,543
up €2,543 (+7.7%), from €33,028 to €35,572
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 | €959,618 | €938,088 | -€21,530 | -2.2% |
| Fixed assets | 21/28 | €643,724 | €588,280 | -€55,444 | -8.6% |
| Tangible fixed assets | 22/27 | €643,724 | €588,280 | -€55,444 | -8.6% |
| Land and buildings | 22 | €643,724 | €588,280 | -€55,444 | -8.6% |
| Current assets | 29/58 | €315,894 | €349,808 | +€33,914 | +10.7% |
| Amounts receivable within one year | 40/41 | €1,156 | €0 | -€1,156 | -100% |
| Trade receivables | 40 | €1,156 | €0 | -€1,156 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €307,945 | €339,908 | +€31,963 | +10.4% |
| Deferred charges and accrued income | 490/1 | €6,794 | €9,900 | +€3,107 | +45.7% |
| Total equity and liabilities | 10/49 | €959,618 | €938,088 | -€21,530 | -2.2% |
| Equity | 10/15 | €787,450 | €775,410 | -€12,040 | -1.5% |
| Contributions | 10/11 | €113,055 | €113,055 | = | 0.0% |
| Capital | 10 | €113,055 | €113,055 | = | 0.0% |
| Issued capital | 100 | €113,055 | €113,055 | = | 0.0% |
| Reserves | 13 | €674,395 | €662,355 | -€12,040 | -1.8% |
| Non-distributable reserves | 130/1 | €53,258 | €53,258 | = | 0.0% |
| Legal reserve | 130 | €53,258 | €53,258 | = | 0.0% |
| Tax-exempt reserves | 132 | €190,627 | €161,872 | -€28,755 | -15.1% |
| Distributable reserves | 133 | €430,509 | €447,224 | +€16,715 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €63,542 | €53,957 | -€9,585 | -15.1% |
| Deferred taxes | 168 | €63,542 | €53,957 | -€9,585 | -15.1% |
| Amounts payable | 17/49 | €108,626 | €108,721 | +€95 | +0.1% |
| Amounts payable within one year | 42/48 | €101,959 | €101,838 | -€121 | -0.1% |
| Trade debts | 44 | €6,007 | €6,679 | +€671 | +11.2% |
| Suppliers | 440/4 | €6,007 | €6,679 | +€671 | +11.2% |
| Taxes, remuneration and social security | 45 | €5,952 | €5,159 | -€793 | -13.3% |
| Taxes | 450/3 | €5,952 | €5,159 | -€793 | -13.3% |
| Other amounts payable | 47/48 | €90,000 | €90,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,667 | €6,883 | +€216 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,444 | €55,444 | = | 0.0% |
| Other operating charges | 640/8 | €11,458 | €11,848 | +€390 | +3.4% |
| Gross operating margin | 9900 | €159,598 | €170,207 | +€10,609 | +6.6% |
| Operating profit (loss) | 9901 | €92,695 | €102,915 | +€10,220 | +11.0% |
| Financial income | 75/76B | €1,225 | €1,378 | +€153 | +12.5% |
| Recurring financial income | 75 | €1,225 | €1,378 | +€153 | +12.5% |
| Financial charges | 65/66B | €308 | €347 | +€38 | +12.5% |
| Recurring financial charges | 65 | €308 | €347 | +€38 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €93,612 | €103,946 | +€10,335 | +11.0% |
| Transfer from deferred taxes | 780 | €9,585 | €9,585 | +€0 | 0.0% |
| Income taxes | 67/77 | €33,028 | €35,572 | +€2,543 | +7.7% |
| Profit (loss) for the period | 9904 | €70,168 | €77,960 | +€7,792 | +11.1% |
| Transfer from tax-exempt reserves | 789 | €28,754 | €28,755 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,922 | €106,715 | +€7,793 | +7.9% |
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 17 October 2026 via checked.be.