REAL ESTATE EUPEN: what changed
What changed
REAL ESTATE EUPEN
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€24,763
2024 · -€37,511+€12,748
Equity
€10,737
2024 · €33,735-€22,998
Cash
€30,780
2024 · €130,738-€99,958
Balance sheet total
€3.9m
2024 · €4.1m-€213,639
Largest movements
Assets
- Cash -€99,958
down €99,958 (-76.5%), from €130,738 to €30,780
mainly Other debts (-€325,205) and Accrued charges and deferred income (-€108,000)
- Tangible fixed assets -€70,382
down €70,382 (-1.8%), from €3.9m to €3.8m
of which Land and buildings: -€140,560
- Receivables within one year -€45,123
down €45,123 (-75.8%), from €59,562 to €14,439
of which Trade receivables: -€42,635
Equity and liabilities
- Other debts -€325,205
down €325,205 (-100.0%), from €325,305 to €100
- Debts after one year +€236,641
up €236,641 (+13.7%), from €1.7m to €2.0m
of which Other amounts payable: +€356,936
- Accrued charges and deferred income -€108,000
down €108,000 (-5.8%), from €1.9m to €1.8m
Income statement
- Financial charges -€9,460
down €9,460 (-12.8%), from €73,778 to €64,318
- Purchases and services -€5,936
down €5,936 (-12.3%), from €48,094 to €42,159
- Gross operating margin +€2,823
up €2,823 (+1.5%), from €193,126 to €195,949
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.
Result 2024
-€37,511
Gross operating margin
+€2,823
Depreciation
+€234
Other operating charges
-€869
Financial income
+€1,100
Financial charges
+€9,460
Result 2025
-€24,763
raises the resultlowers the result
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.
From operations
-€270,044
Investment
-€70,747
Financing
+€240,833
Cash 2024
€130,738
From operations (derived)
-€270,044
Net result for the year
-€24,763
Depreciation
+€141,129
Receivables within one year
+€45,123
Deferred charges and accrued income
-€1,824
Trade debts
+€3,196
Tax, wage and social debts
+€300
Other debts
-€325,205
Accrued charges and deferred income
-€108,000
Investment (derived)
-€70,747
Investment in fixed assets (net)
-€70,747
Financing
+€240,833
Debts after one year
+€236,641
Current portion of long-term debt
+€2,427
Contributions, distributions and other
+€1,765
Cash 2025
€30,780
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,073,784 | €3,860,145 | -€213,639 | -5.2% |
| Fixed assets | 21/28 | €3,883,483 | €3,813,101 | -€70,382 | -1.8% |
| Tangible fixed assets | 22/27 | €3,883,483 | €3,813,101 | -€70,382 | -1.8% |
| Land and buildings | 22 | €3,663,933 | €3,523,373 | -€140,560 | -3.8% |
| Plant, machinery and equipment | 23 | - | €9,256 | +€9,256 | |
| Assets under construction and advance payments | 27 | €219,550 | €280,473 | +€60,922 | +27.7% |
| Current assets | 29/58 | €190,300 | €47,043 | -€143,257 | -75.3% |
| Amounts receivable within one year | 40/41 | €59,562 | €14,439 | -€45,123 | -75.8% |
| Trade receivables | 40 | €57,075 | €14,439 | -€42,635 | -74.7% |
| Other amounts receivable | 41 | €2,487 | - | -€2,487 | |
| Cash at bank and in hand | 54/58 | €130,738 | €30,780 | -€99,958 | -76.5% |
| Deferred charges and accrued income | 490/1 | - | €1,824 | +€1,824 | |
| Total equity and liabilities | 10/49 | €4,073,784 | €3,860,145 | -€213,639 | -5.2% |
| Equity | 10/15 | €33,735 | €10,737 | -€22,998 | -68.2% |
| Contributions | 10/11 | €111,581 | €111,581 | = | 0.0% |
| Capital | 10 | €111,581 | €111,581 | = | 0.0% |
| Issued capital | 100 | €111,581 | €111,581 | = | 0.0% |
| Reserves | 13 | €173,060 | €173,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,089 | €11,089 | = | 0.0% |
| Legal reserve | 130 | €11,089 | €11,089 | = | 0.0% |
| Distributable reserves | 133 | €161,971 | €161,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€379,326 | -€404,089 | -€24,763 | -6.5% |
| Investment grants | 15 | €128,420 | €130,185 | +€1,765 | +1.4% |
| Amounts payable | 17/49 | €4,040,049 | €3,849,408 | -€190,641 | -4.7% |
| Amounts payable after more than one year | 17 | €1,722,432 | €1,959,073 | +€236,641 | +13.7% |
| Financial debts | 170/4 | €1,618,123 | €1,497,828 | -€120,295 | -7.4% |
| Other amounts payable | 178/9 | €104,309 | €461,245 | +€356,936 | +342% |
| Amounts payable within one year | 42/48 | €445,617 | €126,334 | -€319,282 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €117,868 | €120,295 | +€2,427 | +2.1% |
| Trade debts | 44 | €1,620 | €4,817 | +€3,196 | +197% |
| Suppliers | 440/4 | €1,620 | €4,817 | +€3,196 | +197% |
| Taxes, remuneration and social security | 45 | €823 | €1,123 | +€300 | +36.5% |
| Taxes | 450/3 | €823 | €1,123 | +€300 | +36.5% |
| Other amounts payable | 47/48 | €325,305 | €100 | -€325,205 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,872,000 | €1,764,000 | -€108,000 | -5.8% |
| Turnover | 70 | €207,672 | €209,007 | +€1,335 | +0.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,094 | €42,159 | -€5,936 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,362 | €141,129 | -€234 | -0.2% |
| Other operating charges | 640/8 | €22,631 | €23,500 | +€869 | +3.8% |
| Gross operating margin | 9900 | €193,126 | €195,949 | +€2,823 | +1.5% |
| Operating profit (loss) | 9901 | €29,132 | €31,320 | +€2,188 | +7.5% |
| Financial income | 75/76B | €7,135 | €8,235 | +€1,100 | +15.4% |
| Recurring financial income | 75 | €7,135 | €8,235 | +€1,100 | +15.4% |
| Financial charges | 65/66B | €73,778 | €64,318 | -€9,460 | -12.8% |
| Recurring financial charges | 65 | €73,778 | €64,318 | -€9,460 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,511 | -€24,763 | +€12,748 | +34.0% |
| Profit (loss) for the period | 9904 | -€37,511 | -€24,763 | +€12,748 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,511 | -€24,763 | +€12,748 | +34.0% |
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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 3 November 2026 via checked.be.