Real Estate Ecosystems: what changed
Real Estate Ecosystems
Largest movements
- Cash -€10,346
down €10,346 (-13.7%), from €75,584 to €65,238
mainly Net result for the year (-€13,191) and Trade debts (-€1,098)
- Receivables within one year -€2,736
down €2,736 (-61.5%), from €4,448 to €1,712
of which Trade receivables: -€2,676
- Tangible fixed assets -€1,135
down €1,135 (-69.8%), from €1,627 to €492
- Profit (loss) carried forward -€13,191
down €13,191 (-47.8%), from -€27,611 to -€40,802
- Trade debts -€1,098
down €1,098 (-46.8%), from €2,347 to €1,249
- Financial income -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Gross operating margin -€12,834
down €12,834, from €2,391 to -€10,444
- Depreciation -€407
down €407 (-26.4%), from €1,542 to €1,135
- Financial charges -€315
down €315 (-55.3%), from €570 to €255
- Other operating charges -€185
down €185 (-16.6%), from €1,113 to €928
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 | €81,659 | €67,442 | -€14,217 | -17.4% |
| Fixed assets | 21/28 | €1,627 | €492 | -€1,135 | -69.8% |
| Tangible fixed assets | 22/27 | €1,627 | €492 | -€1,135 | -69.8% |
| Furniture and vehicles | 24 | €1,627 | €492 | -€1,135 | -69.8% |
| Current assets | 29/58 | €80,032 | €66,950 | -€13,082 | -16.3% |
| Amounts receivable within one year | 40/41 | €4,448 | €1,712 | -€2,736 | -61.5% |
| Trade receivables | 40 | €2,676 | - | -€2,676 | |
| Other amounts receivable | 41 | €1,772 | €1,712 | -€60 | -3.4% |
| Cash at bank and in hand | 54/58 | €75,584 | €65,238 | -€10,346 | -13.7% |
| Total equity and liabilities | 10/49 | €81,659 | €67,442 | -€14,217 | -17.4% |
| Equity | 10/15 | €33,889 | €20,698 | -€13,191 | -38.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,611 | -€40,802 | -€13,191 | -47.8% |
| Amounts payable | 17/49 | €47,770 | €46,745 | -€1,026 | -2.1% |
| Amounts payable within one year | 42/48 | €47,770 | €46,345 | -€1,425 | -3.0% |
| Financial debts | 43 | €184 | €129 | -€55 | -30.0% |
| Other loans | 439 | €184 | €129 | -€55 | -30.0% |
| Trade debts | 44 | €2,347 | €1,249 | -€1,098 | -46.8% |
| Suppliers | 440/4 | €2,347 | €1,249 | -€1,098 | -46.8% |
| Taxes, remuneration and social security | 45 | €436 | €848 | +€412 | +94.4% |
| Taxes | 450/3 | €436 | €848 | +€412 | +94.4% |
| Other amounts payable | 47/48 | €44,802 | €44,118 | -€684 | -1.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €11,835 | - | -€11,835 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,542 | €1,135 | -€407 | -26.4% |
| Other operating charges | 640/8 | €1,113 | €928 | -€185 | -16.6% |
| Gross operating margin | 9900 | €2,391 | -€10,444 | -€12,834 | |
| Operating profit (loss) | 9901 | -€264 | -€12,506 | -€12,243 | -4,643% |
| Financial income | 75/76B | €50,000 | €0 | -€50,000 | -100.0% |
| Recurring financial income | 75 | €50,000 | €0 | -€50,000 | -100.0% |
| Financial charges | 65/66B | €570 | €255 | -€315 | -55.3% |
| Recurring financial charges | 65 | €570 | €255 | -€315 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €49,167 | -€12,761 | -€61,928 | |
| Income taxes | 67/77 | €384 | €430 | +€46 | +12.1% |
| Profit (loss) for the period | 9904 | €48,783 | -€13,191 | -€61,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,783 | -€13,191 | -€61,974 |
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 6 November 2026 via checked.be.