SIATODO: 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
SIATODO
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
€34,047
2024 · €29,789+€4,258
Equity
€5.5m
2024 · €5.5m+€34,047
Cash
€103,723
2024 · €162,165-€58,443
Balance sheet total
€8.1m
2024 · €8.2m-€137,991
Largest movements
Assets
- Tangible fixed assets -€95,768
down €95,768 (-1.3%), from €7.3m to €7.2m
of which Land and buildings: -€69,960
Equity and liabilities
- Debts after one year -€144,995
down €144,995 (-7.1%), from €2.0m to €1.9m
Income statement
- Gross operating margin +€50,223
up €50,223 (+8.6%), from €582,894 to €633,117
- Depreciation +€39,037
up €39,037 (+10.6%), from €368,288 to €407,324
- Staff costs -€16,093
down €16,093 (-100%), from €16,093 to €0
- Taxes +€16,024
up €16,024 (+34.2%), from €46,801 to €62,824
- Financial charges +€12,602
up €12,602 (+22.2%), from €56,737 to €69,339
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
€29,789
Gross operating margin
+€50,223
Staff costs
+€16,093
Depreciation
-€39,037
Other operating charges
+€1,397
Other operating items
+€2,871
Financial income
-€2,440
Financial charges
-€12,602
Taxes
-€16,024
Deferred taxes and other
+€3,777
Result 2025
€34,047
raises the resultlowers the resultnot broken down further in the accounts
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
+€468,835
Investment
-€311,556
Financing
-€215,722
Cash 2024
€162,165
From operations (derived)
+€468,835
Net result for the year
+€34,047
Depreciation
+€407,324
Receivables within one year
+€690
Deferred charges and accrued income
-€16,910
Provisions
-€12,842
Trade debts
+€26,712
Tax, wage and social debts
-€14,192
Advances received
+€8,603
Other debts
+€32,940
Accrued charges and deferred income
+€2,463
Investment (derived)
-€311,556
Investment in fixed assets (net)
-€311,556
Financing
-€215,722
Debts after one year
-€144,995
Current portion of long-term debt
-€65,652
Short-term financial debts
-€5,074
Cash 2025
€103,723
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,231,307 | €8,093,317 | -€137,991 | -1.7% |
| Fixed assets | 21/28 | €7,325,980 | €7,230,212 | -€95,768 | -1.3% |
| Tangible fixed assets | 22/27 | €7,325,980 | €7,230,212 | -€95,768 | -1.3% |
| Land and buildings | 22 | €7,283,479 | €7,213,519 | -€69,960 | -1.0% |
| Plant, machinery and equipment | 23 | €1,240 | €0 | -€1,240 | -100% |
| Furniture and vehicles | 24 | €34,516 | €10,795 | -€23,721 | -68.7% |
| Other tangible fixed assets | 26 | €6,746 | €5,899 | -€847 | -12.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €905,327 | €863,105 | -€42,223 | -4.7% |
| Amounts receivable after more than one year | 29 | €495,626 | €495,626 | = | 0.0% |
| Other amounts receivable | 291 | €495,626 | €495,626 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,479 | €11,789 | -€690 | -5.5% |
| Trade receivables | 40 | €12,479 | €8,983 | -€3,496 | -28.0% |
| Other amounts receivable | 41 | €0 | €2,806 | +€2,806 | |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €162,165 | €103,723 | -€58,443 | -36.0% |
| Deferred charges and accrued income | 490/1 | €35,057 | €51,968 | +€16,910 | +48.2% |
| Total equity and liabilities | 10/49 | €8,231,307 | €8,093,317 | -€137,991 | -1.7% |
| Equity | 10/15 | €5,456,467 | €5,490,514 | +€34,047 | +0.6% |
| Contributions | 10/11 | €2,750,000 | €2,750,000 | = | 0.0% |
| Reserves | 13 | €2,706,467 | €2,740,514 | +€34,047 | +1.3% |
| Distributable reserves | 133 | €2,706,467 | €2,740,514 | +€34,047 | +1.3% |
| Provisions and deferred taxes | 16 | €191,618 | €178,776 | -€12,842 | -6.7% |
| Deferred taxes | 168 | €191,618 | €178,776 | -€12,842 | -6.7% |
| Amounts payable | 17/49 | €2,583,223 | €2,424,027 | -€159,196 | -6.2% |
| Amounts payable after more than one year | 17 | €2,049,105 | €1,904,110 | -€144,995 | -7.1% |
| Financial debts | 170/4 | €2,049,105 | €1,904,110 | -€144,995 | -7.1% |
| Amounts payable within one year | 42/48 | €533,364 | €516,700 | -€16,664 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €309,023 | €243,371 | -€65,652 | -21.2% |
| Financial debts | 43 | €5,074 | €0 | -€5,074 | -100% |
| Credit institutions | 430/8 | €5,074 | €0 | -€5,074 | -100% |
| Trade debts | 44 | €51,966 | €78,679 | +€26,712 | +51.4% |
| Suppliers | 440/4 | €51,966 | €78,679 | +€26,712 | +51.4% |
| Advances received on contracts in progress | 46 | €10,515 | €19,118 | +€8,603 | +81.8% |
| Taxes, remuneration and social security | 45 | €19,555 | €5,362 | -€14,192 | -72.6% |
| Taxes | 450/3 | €19,555 | €5,362 | -€14,192 | -72.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €137,231 | €170,171 | +€32,940 | +24.0% |
| Accrued charges and deferred income | 492/3 | €754 | €3,216 | +€2,463 | +327% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €16,093 | €0 | -€16,093 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368,288 | €407,324 | +€39,037 | +10.6% |
| Other operating charges | 640/8 | €90,286 | €88,889 | -€1,397 | -1.5% |
| Non-recurring operating charges | 66A | €2,871 | €0 | -€2,871 | -100% |
| Gross operating margin | 9900 | €582,894 | €633,117 | +€50,223 | +8.6% |
| Operating profit (loss) | 9901 | €105,356 | €136,903 | +€31,547 | +29.9% |
| Financial income | 75/76B | €18,906 | €16,466 | -€2,440 | -12.9% |
| Recurring financial income | 75 | €18,906 | €16,466 | -€2,440 | -12.9% |
| Financial charges | 65/66B | €56,737 | €69,339 | +€12,602 | +22.2% |
| Recurring financial charges | 65 | €56,737 | €69,339 | +€12,602 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €67,526 | €84,030 | +€16,505 | +24.4% |
| Transfer from deferred taxes | 780 | €9,065 | €12,842 | +€3,777 | +41.7% |
| Income taxes | 67/77 | €46,801 | €62,824 | +€16,024 | +34.2% |
| Profit (loss) for the period | 9904 | €29,789 | €34,047 | +€4,258 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,789 | €34,047 | +€4,258 | +14.3% |
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 13 October 2026 via checked.be.