SEVEN HILLS: what changed
What changed
SEVEN HILLS
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€5,536
2023 · -€81,317+€86,852
Equity
€395,900
2023 · €390,365+€5,536
Cash
€365
2023 · €412-€47
Balance sheet total
€545,638
2023 · €628,308-€82,670
Largest movements
Assets
- Tangible fixed assets -€48,326
down €48,326 (-12.0%), from €402,421 to €354,095
of which Leasing and similar rights: -€30,250
- Receivables within one year -€22,111
down €22,111 (-21.1%), from €104,764 to €82,653
of which Other amounts receivable: -€26,566
- Financial fixed assets -€12,500
no longer reported in 2024 (was €12,500)
Equity and liabilities
- Profit (loss) carried forward +€232,869
up €232,869 (+64.5%), from -€360,959 to -€128,090
- Reserves -€227,334
down €227,334 (-97.5%), from €233,226 to €5,893
of which Tax-exempt reserves: -€227,334
- Provisions -€73,901
no longer reported in 2024 (was €73,901)
- Debts after one year -€21,162
down €21,162 (-25.1%), from €84,264 to €63,103
Income statement
- Gross operating margin +€29,783
up €29,783 (+89.6%), from -€33,234 to -€3,451
- Depreciation +€8,115
up €8,115 (+19.6%), from €41,353 to €49,467
- Financial income -€3,129
down €3,129 (-99.9%), from €3,132 to €3
- Financial charges +€1,587
up €1,587 (+36.7%), from €4,329 to €5,916
Change in the result, 2023 to 2024
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 2023
-€81,317
Gross operating margin
+€29,783
Depreciation
-€8,115
Other operating charges
+€162
Financial income
-€3,129
Financial charges
-€1,587
Taxes
-€120
Deferred taxes and other
+€69,857
Result 2024
€5,536
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9,466
Investment
+€11,359
Financing
-€20,872
Cash 2023
€412
From operations (derived)
+€9,466
Net result for the year
+€5,536
Depreciation
+€49,467
Receivables within one year
+€22,111
Deferred charges and accrued income
-€314
Provisions
-€73,901
Trade debts
+€4,234
Tax, wage and social debts
+€2,333
Investment (derived)
+€11,359
Investment in fixed assets (net)
+€11,359
Financing
-€20,872
Debts after one year
-€21,162
Short-term financial debts
+€290
Cash 2024
€365
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €628,308 | €545,638 | -€82,670 | -13.2% |
| Fixed assets | 21/28 | €414,921 | €354,095 | -€60,826 | -14.7% |
| Tangible fixed assets | 22/27 | €402,421 | €354,095 | -€48,326 | -12.0% |
| Land and buildings | 22 | €312,789 | €294,846 | -€17,943 | -5.7% |
| Plant, machinery and equipment | 23 | €4,662 | €3,733 | -€929 | -19.9% |
| Furniture and vehicles | 24 | €850 | €1,645 | +€795 | +93.5% |
| Leasing and similar rights | 25 | €84,120 | €53,870 | -€30,250 | -36.0% |
| Financial fixed assets | 28 | €12,500 | - | -€12,500 | |
| Current assets | 29/58 | €213,387 | €191,544 | -€21,844 | -10.2% |
| Amounts receivable after more than one year | 29 | €108,212 | €108,212 | = | 0.0% |
| Other amounts receivable | 291 | €108,212 | €108,212 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €104,764 | €82,653 | -€22,111 | -21.1% |
| Trade receivables | 40 | €15,960 | €20,415 | +€4,455 | +27.9% |
| Other amounts receivable | 41 | €88,804 | €62,238 | -€26,566 | -29.9% |
| Cash at bank and in hand | 54/58 | €412 | €365 | -€47 | -11.3% |
| Deferred charges and accrued income | 490/1 | - | €314 | +€314 | |
| Total equity and liabilities | 10/49 | €628,308 | €545,638 | -€82,670 | -13.2% |
| Equity | 10/15 | €390,365 | €395,900 | +€5,536 | +1.4% |
| Contributions | 10/11 | €518,097 | €518,097 | = | 0.0% |
| Capital | 10 | €518,097 | €518,097 | = | 0.0% |
| Issued capital | 100 | €518,097 | €518,097 | = | 0.0% |
| Reserves | 13 | €233,226 | €5,893 | -€227,334 | -97.5% |
| Non-distributable reserves | 130/1 | €5,893 | €5,893 | = | 0.0% |
| Legal reserve | 130 | €5,893 | €5,893 | = | 0.0% |
| Tax-exempt reserves | 132 | €227,334 | - | -€227,334 | |
| Profit (loss) carried forward | 14 | -€360,959 | -€128,090 | +€232,869 | +64.5% |
| Provisions and deferred taxes | 16 | €73,901 | - | -€73,901 | |
| Deferred taxes | 168 | €73,901 | - | -€73,901 | |
| Amounts payable | 17/49 | €164,043 | €149,738 | -€14,305 | -8.7% |
| Amounts payable after more than one year | 17 | €84,264 | €63,103 | -€21,162 | -25.1% |
| Financial debts | 170/4 | €84,264 | €63,103 | -€21,162 | -25.1% |
| Amounts payable within one year | 42/48 | €79,779 | €86,636 | +€6,857 | +8.6% |
| Financial debts | 43 | €61,161 | €61,451 | +€290 | +0.5% |
| Credit institutions | 430/8 | €41,193 | €41,483 | +€290 | +0.7% |
| Other loans | 439 | €19,968 | €19,968 | = | 0.0% |
| Trade debts | 44 | €18,617 | €22,852 | +€4,234 | +22.7% |
| Suppliers | 440/4 | €18,617 | €22,852 | +€4,234 | +22.7% |
| Taxes, remuneration and social security | 45 | - | €2,333 | +€2,333 | |
| Taxes | 450/3 | - | €2,333 | +€2,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,353 | €49,467 | +€8,115 | +19.6% |
| Other operating charges | 640/8 | €9,578 | €9,415 | -€162 | -1.7% |
| Gross operating margin | 9900 | -€33,234 | -€3,451 | +€29,783 | +89.6% |
| Operating profit (loss) | 9901 | -€84,164 | -€62,334 | +€21,831 | +25.9% |
| Financial income | 75/76B | €3,132 | €3 | -€3,129 | -99.9% |
| Recurring financial income | 75 | €3,132 | €3 | -€3,129 | -99.9% |
| Financial charges | 65/66B | €4,329 | €5,916 | +€1,587 | +36.7% |
| Recurring financial charges | 65 | €4,329 | €5,916 | +€1,587 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | -€85,361 | -€68,246 | +€17,115 | +20.1% |
| Transfer from deferred taxes | 780 | €4,044 | €73,901 | +€69,857 | +1,727% |
| Income taxes | 67/77 | - | €120 | +€120 | |
| Profit (loss) for the period | 9904 | -€81,317 | €5,536 | +€86,852 | |
| Transfer from tax-exempt reserves | 789 | €9,628 | €227,334 | +€217,705 | +2,261% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,688 | €232,869 | +€304,557 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.