Real Estate Development: 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.
Real Estate Development
Largest movements
- Receivables within one year +€544,581
up €544,581 (+2778.6%), from €19,599 to €564,181
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Deferred charges and accrued income -€41,652
down €41,652 (-76.8%), from €54,239 to €12,588
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€5,300
down €5,300 (-27.7%), from €19,153 to €13,853
- Taxes -€1,800
down €1,800 (-44.9%), from €4,011 to €2,211
- Gross operating margin -€1,274
down €1,274 (-61.9%), from -€2,057 to -€3,331
- Financial charges -€56
no longer reported in 2025 (was €56)
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,100,474 | €2,101,319 | +€846 | 0.0% |
| Fixed assets | 21/28 | €1,524,545 | €1,524,545 | = | 0.0% |
| Financial fixed assets | 28 | €1,524,545 | €1,524,545 | = | 0.0% |
| Current assets | 29/58 | €575,929 | €576,774 | +€846 | +0.1% |
| Amounts receivable within one year | 40/41 | €19,599 | €564,181 | +€544,581 | +2778.6% |
| Other amounts receivable | 41 | €19,599 | €564,181 | +€544,581 | +2778.6% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €2,090 | €6 | -€2,084 | -99.7% |
| Deferred charges and accrued income | 490/1 | €54,239 | €12,588 | -€41,652 | -76.8% |
| Total equity and liabilities | 10/49 | €2,100,474 | €2,101,319 | +€846 | 0.0% |
| Equity | 10/15 | €1,527,337 | €1,534,530 | +€7,193 | +0.5% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €1,300,514 | €1,300,514 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,353 | €17,353 | = | 0.0% |
| Distributable reserves | 133 | €1,283,161 | €1,283,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,298 | €60,491 | +€7,193 | +13.5% |
| Amounts payable | 17/49 | €573,137 | €566,789 | -€6,347 | -1.1% |
| Amounts payable after more than one year | 17 | €528,464 | €528,464 | = | 0.0% |
| Financial debts | 170/4 | €528,464 | €528,464 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,673 | €38,326 | -€6,347 | -14.2% |
| Trade debts | 44 | €3,854 | €506 | -€3,347 | -86.9% |
| Suppliers | 440/4 | €3,854 | €506 | -€3,347 | -86.9% |
| Taxes, remuneration and social security | 45 | - | €2,000 | +€2,000 | |
| Taxes | 450/3 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €40,819 | €35,819 | -€5,000 | -12.2% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€2,057 | -€3,331 | -€1,274 | -61.9% |
| Operating profit (loss) | 9901 | -€3,143 | -€4,449 | -€1,307 | -41.6% |
| Financial income | 75/76B | €19,153 | €13,853 | -€5,300 | -27.7% |
| Recurring financial income | 75 | €19,153 | €13,853 | -€5,300 | -27.7% |
| Financial charges | 65/66B | €56 | - | -€56 | |
| Recurring financial charges | 65 | €56 | - | -€56 | |
| Profit (loss) for the period before taxes | 9903 | €15,955 | €9,404 | -€6,551 | -41.1% |
| Income taxes | 67/77 | €4,011 | €2,211 | -€1,800 | -44.9% |
| Profit (loss) for the period | 9904 | €11,944 | €7,193 | -€4,751 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,944 | €7,193 | -€4,751 | -39.8% |
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 12 October 2026 via checked.be.