RESECO: 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.
What changed
RESECO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,830
2024 · -€61,197+€33,367
Equity
-€730,953
2024 · -€703,122-€27,830
Cash
€19,736
2024 · €28,961-€9,225
Balance sheet total
€1.4m
2024 · €1.4m-€82,334
Largest movements
Assets
- Tangible fixed assets -€78,454
down €78,454 (-6.1%), from €1.3m to €1.2m
of which Land and buildings: -€46,694
Equity and liabilities
- Debts after one year -€42,857
down €42,857 (-66.7%), from €64,286 to €21,428
- Profit (loss) carried forward -€22,247
down €22,247 (-2.4%), from -€939,163 to -€961,410
Income statement
- Financial charges -€67,392
down €67,392 (-85.0%), from €79,291 to €11,899
- Gross operating margin -€34,033
down €34,033 (-25.7%), from €132,448 to €98,414
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.
Result 2024
-€61,197
Gross operating margin
-€34,033
Staff costs
+€37
Depreciation
+€50
Other operating charges
-€108
Financial income
+€29
Financial charges
+€67,392
Result 2025
-€27,830
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€47,092
Investment
-€13,459
Financing
-€42,857
Cash 2024
€28,961
From operations (derived)
+€47,092
Net result for the year
-€27,830
Depreciation
+€91,914
Stocks and contracts
+€7,852
Receivables within one year
-€12,851
Deferred charges and accrued income
-€346
Provisions
-€2,750
Trade debts
-€1,605
Tax, wage and social debts
-€40
Advances received
+€787
Other debts
-€8,838
Accrued charges and deferred income
+€800
Investment (derived)
-€13,459
Investment in fixed assets (net)
-€13,459
Financing
-€42,857
Debts after one year
-€42,857
Cash 2025
€19,736
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,448,295 | €1,365,961 | -€82,334 | -5.7% |
| Fixed assets | 21/28 | €1,369,308 | €1,290,853 | -€78,454 | -5.7% |
| Tangible fixed assets | 22/27 | €1,291,247 | €1,212,793 | -€78,454 | -6.1% |
| Land and buildings | 22 | €785,616 | €738,922 | -€46,694 | -5.9% |
| Plant, machinery and equipment | 23 | €3,688 | €2,263 | -€1,425 | -38.6% |
| Other tangible fixed assets | 26 | €501,943 | €471,608 | -€30,335 | -6.0% |
| Financial fixed assets | 28 | €78,060 | €78,060 | = | 0.0% |
| Current assets | 29/58 | €78,987 | €75,108 | -€3,880 | -4.9% |
| Stocks and contracts in progress | 3 | €15,287 | €7,435 | -€7,852 | -51.4% |
| Stocks | 30/36 | €15,287 | €7,435 | -€7,852 | -51.4% |
| Amounts receivable within one year | 40/41 | €24,598 | €37,449 | +€12,851 | +52.2% |
| Trade receivables | 40 | €7,148 | €18,636 | +€11,487 | +161% |
| Other amounts receivable | 41 | €17,450 | €18,813 | +€1,364 | +7.8% |
| Cash at bank and in hand | 54/58 | €28,961 | €19,736 | -€9,225 | -31.9% |
| Deferred charges and accrued income | 490/1 | €10,142 | €10,488 | +€346 | +3.4% |
| Total equity and liabilities | 10/49 | €1,448,295 | €1,365,961 | -€82,334 | -5.7% |
| Equity | 10/15 | -€703,122 | -€730,953 | -€27,830 | -4.0% |
| Contributions | 10/11 | €203,100 | €203,100 | = | 0.0% |
| Capital | 10 | €203,100 | €203,100 | = | 0.0% |
| Issued capital | 100 | €203,100 | €203,100 | = | 0.0% |
| Reserves | 13 | €32,941 | €27,358 | -€5,583 | -16.9% |
| Non-distributable reserves | 130/1 | €20,310 | €20,310 | = | 0.0% |
| Legal reserve | 130 | €20,310 | €20,310 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,578 | €6,995 | -€5,583 | -44.4% |
| Distributable reserves | 133 | €52 | €52 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€939,163 | -€961,410 | -€22,247 | -2.4% |
| Provisions and deferred taxes | 16 | €6,195 | €3,445 | -€2,750 | -44.4% |
| Deferred taxes | 168 | €6,195 | €3,445 | -€2,750 | -44.4% |
| Amounts payable | 17/49 | €2,145,222 | €2,093,468 | -€51,754 | -2.4% |
| Amounts payable after more than one year | 17 | €64,286 | €21,428 | -€42,857 | -66.7% |
| Financial debts | 170/4 | €64,286 | €21,428 | -€42,857 | -66.7% |
| Amounts payable within one year | 42/48 | €2,080,937 | €2,071,240 | -€9,697 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €42,857 | €42,857 | = | 0.0% |
| Trade debts | 44 | €6,078 | €4,473 | -€1,605 | -26.4% |
| Suppliers | 440/4 | €6,078 | €4,473 | -€1,605 | -26.4% |
| Advances received on contracts in progress | 46 | - | €787 | +€787 | |
| Taxes, remuneration and social security | 45 | €40 | - | -€40 | |
| Taxes | 450/3 | €40 | - | -€40 | |
| Other amounts payable | 47/48 | €2,031,961 | €2,023,123 | -€8,838 | -0.4% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Remuneration, social security and pensions | 62 | €1,005 | €968 | -€37 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,963 | €91,914 | -€50 | -0.1% |
| Other operating charges | 640/8 | €24,235 | €24,343 | +€108 | +0.4% |
| Gross operating margin | 9900 | €132,448 | €98,414 | -€34,033 | -25.7% |
| Operating profit (loss) | 9901 | €15,244 | -€18,810 | -€34,054 | |
| Financial income | 75/76B | €99 | €128 | +€29 | +29.2% |
| Recurring financial income | 75 | €99 | €128 | +€29 | +29.2% |
| Financial charges | 65/66B | €79,291 | €11,899 | -€67,392 | -85.0% |
| Recurring financial charges | 65 | €79,291 | €11,899 | -€67,392 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | -€63,947 | -€30,580 | +€33,367 | +52.2% |
| Transfer from deferred taxes | 780 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€61,197 | -€27,830 | +€33,367 | +54.5% |
| Transfer from tax-exempt reserves | 789 | €5,583 | €5,583 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,614 | -€22,247 | +€33,367 | +60.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.