PROPERTY4U: 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.
PROPERTY4U
Largest movements
- Cash -€26,680
down €26,680 (-44.6%), from €59,884 to €33,204
mainly Contributions, distributions and other (-€27,875) and Trade debts (-€6,092)
- Receivables within one year +€4,837
up €4,837 (+26.3%), from €18,378 to €23,216
of which Other amounts receivable: +€10,028
- Tangible fixed assets +€898
up €898 (+598.9%), from €150 to €1,048
of which Other tangible fixed assets: +€1,048
- Reserves -€27,875
down €27,875 (-62.6%), from €44,550 to €16,675
- Other debts +€8,648
up €8,648 (+35.6%), from €24,286 to €32,934
- Profit (loss) carried forward +€7,787
up €7,787 (+38.0%), from -€20,509 to -€12,722
- Trade debts -€6,092
down €6,092 (-42.5%), from €14,340 to €8,248
of which Suppliers: -€7,048
- Advances received -€3,976
down €3,976 (-22.1%), from €17,996 to €14,020
- Gross operating margin -€3,781
down €3,781 (-28.9%), from €13,085 to €9,304
- Other operating charges -€232
down €232 (-36.7%), from €631 to €400
- Depreciation -€204
down €204 (-51.1%), from €400 to €195
- Financial income -€138
down €138 (-48.2%), from €287 to €149
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
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 | €82,613 | €60,968 | -€21,645 | -26.2% |
| Fixed assets | 21/28 | €150 | €1,048 | +€898 | +598.9% |
| Tangible fixed assets | 22/27 | €150 | €1,048 | +€898 | +598.9% |
| Furniture and vehicles | 24 | €150 | - | -€150 | |
| Other tangible fixed assets | 26 | - | €1,048 | +€1,048 | |
| Current assets | 29/58 | €82,463 | €59,920 | -€22,543 | -27.3% |
| Amounts receivable within one year | 40/41 | €18,378 | €23,216 | +€4,837 | +26.3% |
| Trade receivables | 40 | €14,967 | €9,777 | -€5,190 | -34.7% |
| Other amounts receivable | 41 | €3,411 | €13,439 | +€10,028 | +294.0% |
| Cash at bank and in hand | 54/58 | €59,884 | €33,204 | -€26,680 | -44.6% |
| Deferred charges and accrued income | 490/1 | €4,200 | €3,500 | -€700 | -16.7% |
| Total equity and liabilities | 10/49 | €82,613 | €60,968 | -€21,645 | -26.2% |
| Equity | 10/15 | €24,141 | €4,053 | -€20,088 | -83.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €44,550 | €16,675 | -€27,875 | -62.6% |
| Distributable reserves | 133 | €44,550 | €16,675 | -€27,875 | -62.6% |
| Profit (loss) carried forward | 14 | -€20,509 | -€12,722 | +€7,787 | +38.0% |
| Amounts payable | 17/49 | €58,471 | €56,914 | -€1,557 | -2.7% |
| Amounts payable within one year | 42/48 | €56,791 | €56,914 | +€123 | +0.2% |
| Trade debts | 44 | €14,340 | €8,248 | -€6,092 | -42.5% |
| Suppliers | 440/4 | €14,340 | €7,292 | -€7,048 | -49.1% |
| Bills of exchange payable | 441 | - | €955 | +€955 | |
| Advances received on contracts in progress | 46 | €17,996 | €14,020 | -€3,976 | -22.1% |
| Taxes, remuneration and social security | 45 | €169 | €1,713 | +€1,544 | +913.7% |
| Taxes | 450/3 | €169 | €213 | +€44 | +26.0% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €24,286 | €32,934 | +€8,648 | +35.6% |
| Accrued charges and deferred income | 492/3 | €1,680 | - | -€1,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €195 | -€204 | -51.1% |
| Other operating charges | 640/8 | €631 | €400 | -€232 | -36.7% |
| Gross operating margin | 9900 | €13,085 | €9,304 | -€3,781 | -28.9% |
| Operating profit (loss) | 9901 | €12,054 | €8,708 | -€3,345 | -27.8% |
| Financial income | 75/76B | €287 | €149 | -€138 | -48.2% |
| Recurring financial income | 75 | €287 | €149 | -€138 | -48.2% |
| Financial charges | 65/66B | €821 | €932 | +€112 | +13.6% |
| Recurring financial charges | 65 | €821 | €932 | +€112 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €11,520 | €7,925 | -€3,595 | -31.2% |
| Income taxes | 67/77 | €132 | €138 | +€6 | +4.4% |
| Profit (loss) for the period | 9904 | €11,388 | €7,787 | -€3,601 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,388 | €7,787 | -€3,601 | -31.6% |
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 9 October 2026 via checked.be.