PROPERTY SERVICE: what changed
PROPERTY SERVICE
Largest movements
- Receivables within one year -€82,840
down €82,840 (-13.8%), from €600,038 to €517,198
of which Trade receivables: -€64,334
- Cash -€19,273
down €19,273 (-80.3%), from €24,005 to €4,732
mainly Tax, wage and social debts (-€52,418) and Net result for the year (-€51,127)
- Tax, wage and social debts -€52,418
no longer reported in 2025 (was €52,418)
- Profit (loss) carried forward -€51,127
down €51,127 (-23.0%), from €222,180 to €171,053
- Gross operating margin -€231,989
down €231,989, from €176,159 to -€55,831
- Taxes -€50,100
down €50,100, from €46,300 to -€3,800
- Financial income -€2,504
down €2,504 (-60.8%), from €4,118 to €1,614
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €624,043 | €521,930 | -€102,113 | -16.4% |
| Current assets | 29/58 | €624,043 | €521,930 | -€102,113 | -16.4% |
| Amounts receivable within one year | 40/41 | €600,038 | €517,198 | -€82,840 | -13.8% |
| Trade receivables | 40 | €537,073 | €472,739 | -€64,334 | -12.0% |
| Other amounts receivable | 41 | €62,965 | €44,459 | -€18,507 | -29.4% |
| Cash at bank and in hand | 54/58 | €24,005 | €4,732 | -€19,273 | -80.3% |
| Total equity and liabilities | 10/49 | €624,043 | €521,930 | -€102,113 | -16.4% |
| Equity | 10/15 | €359,250 | €308,123 | -€51,127 | -14.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €13,123 | €13,123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €729 | €729 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,180 | €171,053 | -€51,127 | -23.0% |
| Amounts payable | 17/49 | €264,794 | €213,807 | -€50,987 | -19.3% |
| Amounts payable within one year | 42/48 | €264,794 | €213,807 | -€50,987 | -19.3% |
| Trade debts | 44 | €212,376 | €213,807 | +€1,431 | +0.7% |
| Suppliers | 440/4 | €212,376 | €213,807 | +€1,431 | +0.7% |
| Taxes, remuneration and social security | 45 | €52,418 | - | -€52,418 | |
| Taxes | 450/3 | €52,418 | - | -€52,418 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €176,159 | -€55,831 | -€231,989 | |
| Operating profit (loss) | 9901 | €175,653 | -€56,351 | -€232,004 | |
| Financial income | 75/76B | €4,118 | €1,614 | -€2,504 | -60.8% |
| Recurring financial income | 75 | €4,118 | €1,614 | -€2,504 | -60.8% |
| Financial charges | 65/66B | €219 | €189 | -€30 | -13.7% |
| Recurring financial charges | 65 | €219 | €189 | -€30 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €179,551 | -€54,927 | -€234,478 | |
| Income taxes | 67/77 | €46,300 | -€3,800 | -€50,100 | |
| Profit (loss) for the period | 9904 | €133,251 | -€51,127 | -€184,378 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,251 | -€51,127 | -€184,378 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.