PROPERTYM: 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.
PROPERTYM
Largest movements
- Intangible fixed assets +€6,645
new in 2025: €6,645
- Cash +€6,420
up €6,420 (+755%), from €850 to €7,270
mainly Other debts (+€6,665) and Net result for the year (+€5,471)
- Stocks and contracts +€1,972
up €1,972 (+132%), from €1,498 to €3,470
- Receivables within one year -€736
no longer reported in 2025 (was €736)
- Other debts +€6,665
up €6,665 (+45.5%), from €14,642 to €21,307
- Profit (loss) carried forward +€5,471
up €5,471 (+15.2%), from -€35,996 to -€30,525
- Tax, wage and social debts +€2,525
up €2,525 (+957%), from €264 to €2,788
- Trade debts -€358
down €358 (-60.1%), from €595 to €237
- Gross operating margin +€2,565
up €2,565 (+53.8%), from €4,764 to €7,329
- Depreciation +€1,355
new in 2025: €1,355
- Financial charges +€372
up €372 (+453%), from €82 to €454
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 | €3,084 | €17,386 | +€14,303 | +464% |
| Fixed assets | 21/28 | - | €6,645 | +€6,645 | |
| Intangible fixed assets | 21 | - | €6,645 | +€6,645 | |
| Current assets | 29/58 | €3,084 | €10,741 | +€7,657 | +248% |
| Stocks and contracts in progress | 3 | €1,498 | €3,470 | +€1,972 | +132% |
| Stocks | 30/36 | €1,498 | €3,470 | +€1,972 | +132% |
| Amounts receivable within one year | 40/41 | €736 | - | -€736 | |
| Other amounts receivable | 41 | €736 | - | -€736 | |
| Cash at bank and in hand | 54/58 | €850 | €7,270 | +€6,420 | +755% |
| Total equity and liabilities | 10/49 | €3,084 | €17,386 | +€14,303 | +464% |
| Equity | 10/15 | -€12,418 | -€6,947 | +€5,471 | +44.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,378 | €17,378 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,518 | €15,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,996 | -€30,525 | +€5,471 | +15.2% |
| Amounts payable | 17/49 | €15,502 | €24,333 | +€8,831 | +57.0% |
| Amounts payable within one year | 42/48 | €15,502 | €24,333 | +€8,831 | +57.0% |
| Trade debts | 44 | €595 | €237 | -€358 | -60.1% |
| Suppliers | 440/4 | €595 | €237 | -€358 | -60.1% |
| Taxes, remuneration and social security | 45 | €264 | €2,788 | +€2,525 | +957% |
| Taxes | 450/3 | €264 | €2,788 | +€2,525 | +957% |
| Other amounts payable | 47/48 | €14,642 | €21,307 | +€6,665 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,355 | +€1,355 | |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | €4,764 | €7,329 | +€2,565 | +53.8% |
| Operating profit (loss) | 9901 | €4,764 | €5,925 | +€1,160 | +24.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €82 | €454 | +€372 | +453% |
| Recurring financial charges | 65 | €82 | €454 | +€372 | +453% |
| Profit (loss) for the period before taxes | 9903 | €4,682 | €5,471 | +€789 | +16.8% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €4,682 | €5,471 | +€789 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,682 | €5,471 | +€789 | +16.8% |
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 15 October 2026 via checked.be.