SECOND LIVING PROPERTIES: 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.
SECOND LIVING PROPERTIES
Largest movements
- Receivables within one year -€2.3m
down €2.3m (-54.4%), from €4.3m to €2.0m
of which Other amounts receivable: -€2.3m
- Intangible fixed assets -€1.7m
down €1.7m (-45.9%), from €3.7m to €2.0m
- Current portion of long-term debt +€7.2m
up €7.2m (+655%), from €1.1m to €8.3m
- Debts after one year -€7.2m
down €7.2m (-100%), from €7.2m to €0
- Other debts -€2.2m
down €2.2m (-51.6%), from €4.3m to €2.1m
- Profit (loss) carried forward -€1.4m
down €1.4m (-26.0%), from -€5.2m to -€6.6m
- Reserves -€1.2m
down €1.2m (-99.7%), from €1.2m to €4,202
of which Distributable reserves: -€1.2m
- Financial income -€688,005
down €688,005 (-62.5%), from €1.1m to €413,342
of which Non-recurring financial income: -€687,053
- Financial charges +€603,981
up €603,981 (+33.4%), from €1.8m to €2.4m
of which Financial charges: +€1.3m
- Other operating charges +€525,421
up €525,421 (+51,593%), from €1,018 to €526,439
- Taxes +€31,545
up €31,545, from €0 to €31,545
- Gross operating margin +€4,084
up €4,084 (+45.5%), from -€8,983 to -€4,900
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,743,122 | €8,726,512 | -€4.0m | -31.5% |
| Fixed assets | 21/28 | €5,200,000 | €3,500,000 | -€1.7m | -32.7% |
| Intangible fixed assets | 21 | €3,700,000 | €2,000,000 | -€1.7m | -45.9% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €7,543,122 | €5,226,512 | -€2.3m | -30.7% |
| Amounts receivable after more than one year | 29 | €2,152,444 | €2,152,444 | = | 0.0% |
| Other amounts receivable | 291 | €2,152,444 | €2,152,444 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,280,127 | €1,950,574 | -€2.3m | -54.4% |
| Trade receivables | 40 | €6,042 | €0 | -€6,042 | -100% |
| Other amounts receivable | 41 | €4,274,085 | €1,950,574 | -€2.3m | -54.4% |
| Cash at bank and in hand | 54/58 | €98 | €2,790 | +€2,691 | +2,737% |
| Deferred charges and accrued income | 490/1 | €1,110,453 | €1,120,704 | +€10,252 | +0.9% |
| Total equity and liabilities | 10/49 | €12,743,122 | €8,726,512 | -€4.0m | -31.5% |
| Equity | 10/15 | -€2,046,571 | -€4,607,894 | -€2.6m | -125% |
| Contributions | 10/11 | €1,943,440 | €1,943,440 | = | 0.0% |
| Capital | 10 | €1,943,440 | €1,943,440 | = | 0.0% |
| Issued capital | 100 | €1,943,440 | €1,943,440 | = | 0.0% |
| Reserves | 13 | €1,214,416 | €4,202 | -€1.2m | -99.7% |
| Non-distributable reserves | 130/1 | €4,202 | €4,202 | = | 0.0% |
| Legal reserve | 130 | €4,202 | €4,202 | = | 0.0% |
| Distributable reserves | 133 | €1,210,214 | €0 | -€1.2m | -100% |
| Profit (loss) carried forward | 14 | -€5,204,427 | -€6,555,536 | -€1.4m | -26.0% |
| Amounts payable | 17/49 | €14,789,693 | €13,334,405 | -€1.5m | -9.8% |
| Amounts payable after more than one year | 17 | €7,174,718 | €0 | -€7.2m | -100% |
| Financial debts | 170/4 | €7,174,718 | €0 | -€7.2m | -100% |
| Amounts payable within one year | 42/48 | €5,663,842 | €10,867,871 | +€5.2m | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €1,098,794 | €8,296,748 | +€7.2m | +655% |
| Financial debts | 43 | €228,973 | €453,715 | +€224,742 | +98.2% |
| Credit institutions | 430/8 | €228,973 | €453,715 | +€224,742 | +98.2% |
| Trade debts | 44 | €38,148 | €3,148 | -€35,000 | -91.7% |
| Suppliers | 440/4 | €38,148 | €3,148 | -€35,000 | -91.7% |
| Taxes, remuneration and social security | 45 | €15,687 | €42,231 | +€26,545 | +169% |
| Taxes | 450/3 | €15,687 | €42,231 | +€26,545 | +169% |
| Other amounts payable | 47/48 | €4,282,240 | €2,072,029 | -€2.2m | -51.6% |
| Accrued charges and deferred income | 492/3 | €1,951,134 | €2,466,535 | +€515,401 | +26.4% |
| Other operating charges | 640/8 | €1,018 | €526,439 | +€525,421 | +51,593% |
| Gross operating margin | 9900 | -€8,983 | -€4,900 | +€4,084 | +45.5% |
| Operating profit (loss) | 9901 | -€10,002 | -€531,339 | -€521,337 | -5,212% |
| Financial income | 75/76B | €1,101,347 | €413,342 | -€688,005 | -62.5% |
| Recurring financial income | 75 | €401,347 | €400,395 | -€952 | -0.2% |
| Non-recurring financial income | 76B | €700,000 | €12,947 | -€687,053 | -98.2% |
| Financial charges | 65/66B | €1,807,801 | €2,411,782 | +€603,981 | +33.4% |
| Recurring financial charges | 65 | €1,106,381 | €2,409,640 | +€1.3m | +118% |
| Non-recurring financial charges | 66B | €701,420 | €2,141 | -€699,278 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€716,456 | -€2,529,778 | -€1.8m | -253% |
| Income taxes | 67/77 | €0 | €31,545 | +€31,545 | |
| Profit (loss) for the period | 9904 | -€716,456 | -€2,561,323 | -€1.8m | -257% |
| Profit (loss) for the period to be appropriated | 9905 | -€716,456 | -€2,561,323 | -€1.8m | -257% |
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 20 October 2026 via checked.be.