REALTY: 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.
REALTY
Largest movements
- Tangible fixed assets -€7,410
down €7,410 (-3.3%), from €221,290 to €213,880
of which Land and buildings: -€7,341
- Cash -€5,684
down €5,684 (-38.0%), from €14,962 to €9,278
mainly Debts after one year (-€15,549) and Investment in fixed assets (net) (-€1,601)
- Debts after one year -€15,549
down €15,549 (-5.6%), from €278,117 to €262,568
- Profit (loss) carried forward +€4,032
up €4,032 (+6.2%), from -€65,521 to -€61,489
- Write-downs -€1,950
down €1,950 (-60.0%), from €3,250 to €1,300
- Depreciation -€752
down €752 (-7.5%), from €10,078 to €9,326
- Gross operating margin -€594
down €594 (-2.5%), from €23,924 to €23,330
- Financial charges -€353
down €353 (-5.4%), from €6,525 to €6,172
From the 2024 result to the 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,278 | €243,477 | -€11,801 | -4.6% |
| Formation expenses | 20 | €562 | €247 | -€315 | -56.1% |
| Fixed assets | 21/28 | €221,290 | €213,880 | -€7,410 | -3.3% |
| Tangible fixed assets | 22/27 | €221,290 | €213,880 | -€7,410 | -3.3% |
| Land and buildings | 22 | €215,878 | €208,537 | -€7,341 | -3.4% |
| Plant, machinery and equipment | 23 | €5,412 | €5,343 | -€69 | -1.3% |
| Current assets | 29/58 | €33,426 | €29,350 | -€4,076 | -12.2% |
| Amounts receivable within one year | 40/41 | €18,275 | €19,575 | +€1,300 | +7.1% |
| Trade receivables | 40 | €18,275 | €19,575 | +€1,300 | +7.1% |
| Cash at bank and in hand | 54/58 | €14,962 | €9,278 | -€5,684 | -38.0% |
| Deferred charges and accrued income | 490/1 | €189 | €496 | +€308 | +163.1% |
| Total equity and liabilities | 10/49 | €255,278 | €243,477 | -€11,801 | -4.6% |
| Equity | 10/15 | -€48,854 | -€44,823 | +€4,032 | +8.3% |
| Contributions | 10/11 | €16,667 | €16,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,521 | -€61,489 | +€4,032 | +6.2% |
| Amounts payable | 17/49 | €304,132 | €288,299 | -€15,833 | -5.2% |
| Amounts payable after more than one year | 17 | €278,117 | €262,568 | -€15,549 | -5.6% |
| Financial debts | 170/4 | €278,117 | €262,568 | -€15,549 | -5.6% |
| Amounts payable within one year | 42/48 | €21,783 | €22,256 | +€473 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €18,550 | €18,956 | +€407 | +2.2% |
| Trade debts | 44 | €3,190 | €3,257 | +€67 | +2.1% |
| Suppliers | 440/4 | €3,190 | €3,257 | +€67 | +2.1% |
| Other amounts payable | 47/48 | €43 | €43 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,232 | €3,475 | -€757 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,078 | €9,326 | -€752 | -7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,250 | €1,300 | -€1,950 | -60.0% |
| Other operating charges | 640/8 | €2,478 | €2,500 | +€22 | +0.9% |
| Gross operating margin | 9900 | €23,924 | €23,330 | -€594 | -2.5% |
| Operating profit (loss) | 9901 | €8,118 | €10,204 | +€2,086 | +25.7% |
| Financial charges | 65/66B | €6,525 | €6,172 | -€353 | -5.4% |
| Recurring financial charges | 65 | €6,525 | €6,172 | -€353 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €1,593 | €4,032 | +€2,439 | +153.1% |
| Profit (loss) for the period | 9904 | €1,593 | €4,032 | +€2,439 | +153.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,593 | €4,032 | +€2,439 | +153.1% |
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 11 October 2026 via checked.be.