R.V.L.: what changed
What changed
R.V.L.
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€197,972
2023 · €102,531+€95,441
Equity
€631,411
2023 · €833,438-€202,028
Cash
€84,789
2023 · €28,053+€56,737
Balance sheet total
€708,390
2023 · €922,292-€213,902
Largest movements
Assets
- Tangible fixed assets -€241,982
down €241,982 (-32.8%), from €736,722 to €494,740
of which Land and buildings: -€235,683
- Cash +€56,737
up €56,737 (+202%), from €28,053 to €84,789
mainly Investment in fixed assets (net) (+€222,501) and Net result for the year (+€197,972)
- Current investments -€25,000
down €25,000 (-16.7%), from €150,000 to €125,000
Equity and liabilities
- Contributions -€400,000
down €400,000 (-56.8%), from €704,249 to €304,249
- Profit (loss) carried forward +€202,179
up €202,179 (+66.1%), from -€305,671 to -€103,492
- Current portion of long-term debt -€9,336
down €9,336 (-100.0%), from €9,337 to €1
Income statement
- Gross operating margin +€76,726
up €76,726 (+35.2%), from €217,687 to €294,413
- Depreciation -€20,259
down €20,259 (-51.0%), from €39,741 to €19,481
- Taxes +€16,650
up €16,650 (+31.9%), from €52,260 to €68,910
- Financial income +€9,215
up €9,215 (+1,111%), from €830 to €10,044
of which Non-recurring financial income: +€7,736
- Other operating charges -€4,595
down €4,595 (-18.6%), from €24,665 to €20,070
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€102,531
Gross operating margin
+€76,726
Staff costs
+€23
Depreciation
+€20,259
Other operating charges
+€4,595
Financial income
+€9,215
Financial charges
+€1,274
Taxes
-€16,650
Result 2024
€197,972
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€218,572
Investment
+€247,501
Financing
-€409,336
Cash 2023
€28,053
From operations (derived)
+€218,572
Net result for the year
+€197,972
Depreciation
+€19,481
Receivables within one year
+€3,665
Smaller working-capital items
-€174
Provisions
-€2,166
Trade debts
-€2,905
Tax, wage and social debts
+€2,700
Investment (derived)
+€247,501
Investment in fixed assets (net)
+€222,501
Current investments
+€25,000
Financing
-€409,336
Current portion of long-term debt
-€9,336
Contributions, distributions and other
-€400,000
Cash 2024
€84,789
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €922,292 | €708,390 | -€213,902 | -23.2% |
| Fixed assets | 21/28 | €737,034 | €495,052 | -€241,982 | -32.8% |
| Tangible fixed assets | 22/27 | €736,722 | €494,740 | -€241,982 | -32.8% |
| Land and buildings | 22 | €730,423 | €494,740 | -€235,683 | -32.3% |
| Plant, machinery and equipment | 23 | €6,299 | - | -€6,299 | |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €185,258 | €213,338 | +€28,080 | +15.2% |
| Amounts receivable within one year | 40/41 | €6,987 | €3,322 | -€3,665 | -52.5% |
| Trade receivables | 40 | €6,987 | €3,209 | -€3,778 | -54.1% |
| Other amounts receivable | 41 | - | €113 | +€113 | |
| Current investments | 50/53 | €150,000 | €125,000 | -€25,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €28,053 | €84,789 | +€56,737 | +202% |
| Deferred charges and accrued income | 490/1 | €218 | €226 | +€8 | +3.7% |
| Total equity and liabilities | 10/49 | €922,292 | €708,390 | -€213,902 | -23.2% |
| Equity | 10/15 | €833,438 | €631,411 | -€202,028 | -24.2% |
| Contributions | 10/11 | €704,249 | €304,249 | -€400,000 | -56.8% |
| Capital | 10 | €704,249 | €304,249 | -€400,000 | -56.8% |
| Issued capital | 100 | €704,249 | €304,249 | -€400,000 | -56.8% |
| Revaluation surpluses | 12 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €335,703 | €331,496 | -€4,207 | -1.3% |
| Non-distributable reserves | 130/1 | €194,976 | €194,976 | = | 0.0% |
| Legal reserve | 130 | €39,034 | €39,034 | = | 0.0% |
| Reserves not available under the articles | 1311 | €155,942 | €155,942 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,550 | €76,343 | -€4,207 | -5.2% |
| Distributable reserves | 133 | €60,177 | €60,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,671 | -€103,492 | +€202,179 | +66.1% |
| Provisions and deferred taxes | 16 | €39,055 | €36,889 | -€2,166 | -5.5% |
| Deferred taxes | 168 | €39,055 | €36,889 | -€2,166 | -5.5% |
| Amounts payable | 17/49 | €49,798 | €40,090 | -€9,708 | -19.5% |
| Amounts payable within one year | 42/48 | €49,798 | €40,090 | -€9,708 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €9,337 | €1 | -€9,336 | -100.0% |
| Trade debts | 44 | €7,715 | €4,810 | -€2,905 | -37.7% |
| Suppliers | 440/4 | €7,715 | €4,810 | -€2,905 | -37.7% |
| Taxes, remuneration and social security | 45 | €32,580 | €35,280 | +€2,700 | +8.3% |
| Taxes | 450/3 | €32,580 | €35,280 | +€2,700 | +8.3% |
| Other amounts payable | 47/48 | €166 | - | -€166 | |
| Non-recurring operating income | 76A | €137,750 | €222,249 | +€84,499 | +61.3% |
| Remuneration, social security and pensions | 62 | €23 | - | -€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,741 | €19,481 | -€20,259 | -51.0% |
| Other operating charges | 640/8 | €24,665 | €20,070 | -€4,595 | -18.6% |
| Gross operating margin | 9900 | €217,687 | €294,413 | +€76,726 | +35.2% |
| Operating profit (loss) | 9901 | €153,259 | €254,862 | +€101,604 | +66.3% |
| Financial income | 75/76B | €830 | €10,044 | +€9,215 | +1,111% |
| Recurring financial income | 75 | €830 | €2,308 | +€1,478 | +178% |
| Non-recurring financial income | 76B | - | €7,736 | +€7,736 | |
| Financial charges | 65/66B | €1,463 | €190 | -€1,274 | -87.0% |
| Recurring financial charges | 65 | €1,463 | €190 | -€1,274 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €152,625 | €264,717 | +€112,092 | +73.4% |
| Transfer from deferred taxes | 780 | €2,166 | €2,166 | = | 0.0% |
| Income taxes | 67/77 | €52,260 | €68,910 | +€16,650 | +31.9% |
| Profit (loss) for the period | 9904 | €102,531 | €197,972 | +€95,441 | +93.1% |
| Transfer from tax-exempt reserves | 789 | €4,207 | €4,207 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,737 | €202,179 | +€95,441 | +89.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.