Real Estate Open System: what changed
What changed
Real Estate Open System
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€12,187
2024 · €282+€11,905
Equity
€1.7m
2024 · €1.7m+€12,186
Cash
€18,301
2024 · €14,637+€3,664
Balance sheet total
€2.2m
2024 · €2.2m-€19,848
Largest movements
Assets
- Tangible fixed assets -€34,711
down €34,711 (-4.5%), from €769,440 to €734,729
Equity and liabilities
- Profit (loss) carried forward +€29,017
up €29,017 (+141%), from €20,569 to €49,586
- Debts after one year -€23,670
down €23,670 (-6.3%), from €375,165 to €351,495
Income statement
- Financial income +€8,487
new in 2025: €8,487
- Gross operating margin +€1,665
up €1,665 (+4.8%), from €34,354 to €36,019
- Other operating charges -€938
down €938 (-46.9%), from €2,002 to €1,064
- Depreciation -€544
down €544 (-1.5%), from €35,255 to €34,711
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
€282
Gross operating margin
+€1,665
Depreciation
+€544
Other operating charges
+€938
Financial income
+€8,487
Financial charges
+€271
Result 2025
€12,187
raises 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
+€27,029
Investment
€0
Financing
-€23,365
Cash 2024
€14,637
From operations (derived)
+€27,029
Net result for the year
+€12,187
Depreciation
+€34,711
Receivables within one year
-€9,045
Deferred charges and accrued income
-€2,154
Provisions
-€8,670
Financing
-€23,365
Debts after one year
-€23,670
Current portion of long-term debt
+€306
Contributions, distributions and other
-€1
Cash 2025
€18,301
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,199,077 | €2,179,229 | -€19,848 | -0.9% |
| Fixed assets | 21/28 | €769,440 | €734,729 | -€34,711 | -4.5% |
| Tangible fixed assets | 22/27 | €769,440 | €734,729 | -€34,711 | -4.5% |
| Land and buildings | 22 | €769,440 | €734,729 | -€34,711 | -4.5% |
| Current assets | 29/58 | €1,429,637 | €1,444,500 | +€14,863 | +1.0% |
| Stocks and contracts in progress | 3 | €1,130,000 | €1,130,000 | = | 0.0% |
| Stocks | 30/36 | €1,130,000 | €1,130,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €285,000 | €294,045 | +€9,045 | +3.2% |
| Trade receivables | 40 | - | €558 | +€558 | |
| Other amounts receivable | 41 | €285,000 | €293,487 | +€8,487 | +3.0% |
| Cash at bank and in hand | 54/58 | €14,637 | €18,301 | +€3,664 | +25.0% |
| Deferred charges and accrued income | 490/1 | - | €2,154 | +€2,154 | |
| Total equity and liabilities | 10/49 | €2,199,077 | €2,179,229 | -€19,848 | -0.9% |
| Equity | 10/15 | €1,677,914 | €1,690,100 | +€12,186 | +0.7% |
| Contributions | 10/11 | €1,510,044 | €1,510,044 | = | 0.0% |
| Capital | 10 | €1,510,044 | €1,510,044 | = | 0.0% |
| Issued capital | 100 | €1,510,044 | €1,510,044 | = | 0.0% |
| Reserves | 13 | €147,301 | €130,470 | -€16,831 | -11.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,104 | €124,273 | -€16,831 | -11.9% |
| Profit (loss) carried forward | 14 | €20,569 | €49,586 | +€29,017 | +141% |
| Provisions and deferred taxes | 16 | €72,634 | €63,964 | -€8,670 | -11.9% |
| Deferred taxes | 168 | €72,634 | €63,964 | -€8,670 | -11.9% |
| Amounts payable | 17/49 | €448,529 | €425,165 | -€23,364 | -5.2% |
| Amounts payable after more than one year | 17 | €375,165 | €351,495 | -€23,670 | -6.3% |
| Financial debts | 170/4 | €375,165 | €351,495 | -€23,670 | -6.3% |
| Amounts payable within one year | 42/48 | €73,364 | €73,670 | +€306 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €23,364 | €23,670 | +€306 | +1.3% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,255 | €34,711 | -€544 | -1.5% |
| Other operating charges | 640/8 | €2,002 | €1,064 | -€938 | -46.9% |
| Gross operating margin | 9900 | €34,354 | €36,019 | +€1,665 | +4.8% |
| Operating profit (loss) | 9901 | -€2,903 | €244 | +€3,147 | |
| Financial income | 75/76B | - | €8,487 | +€8,487 | |
| Recurring financial income | 75 | - | €8,487 | +€8,487 | |
| Financial charges | 65/66B | €5,485 | €5,214 | -€271 | -4.9% |
| Recurring financial charges | 65 | €5,485 | €5,214 | -€271 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,388 | €3,517 | +€11,905 | |
| Transfer from deferred taxes | 780 | €8,670 | €8,670 | = | 0.0% |
| Profit (loss) for the period | 9904 | €282 | €12,187 | +€11,905 | +4,222% |
| Transfer from tax-exempt reserves | 789 | €16,830 | €16,830 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,112 | €29,017 | +€11,905 | +69.6% |
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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 2 November 2026 via checked.be.