SOLUTION INVEST WAVRE: 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
SOLUTION INVEST WAVRE
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
€31,646
2024 · €43,002-€11,356
Equity
€216,470
2024 · €184,824+€31,646
Cash
€8,362
2024 · €10,237-€1,875
Balance sheet total
€1.0m
2024 · €1.0m-€23,193
Largest movements
Assets
- Tangible fixed assets -€22,931
down €22,931 (-2.7%), from €863,492 to €840,561
of which Land and buildings: -€18,340
Equity and liabilities
- Debts after one year -€52,722
down €52,722 (-7.8%), from €676,001 to €623,279
- Profit (loss) carried forward +€31,646
up €31,646 (+45.6%), from €69,364 to €101,010
- Other debts -€21,921
down €21,921 (-20.6%), from €106,200 to €84,279
- Tax, wage and social debts +€20,866
up €20,866 (+1,925%), from €1,084 to €21,950
Income statement
- Gross operating margin -€13,190
down €13,190 (-14.3%), from €92,132 to €78,943
- Taxes -€2,040
down €2,040 (-14.2%), from €14,334 to €12,294
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
€43,002
Gross operating margin
-€13,190
Other operating charges
-€193
Financial income
-€563
Financial charges
+€550
Taxes
+€2,040
Result 2025
€31,646
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
+€51,247
Investment
-€1,023
Financing
-€52,099
Cash 2024
€10,237
From operations (derived)
+€51,247
Net result for the year
+€31,646
Depreciation
+€22,931
Receivables after one year
-€2,768
Receivables within one year
+€248
Deferred charges and accrued income
+€1,931
Trade debts
-€1,686
Tax, wage and social debts
+€20,866
Other debts
-€21,921
Investment (derived)
-€1,023
Current investments
-€1,023
Financing
-€52,099
Debts after one year
-€52,722
Current portion of long-term debt
+€623
Cash 2025
€8,362
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,037,424 | €1,014,231 | -€23,193 | -2.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €864,192 | €841,261 | -€22,931 | -2.7% |
| Tangible fixed assets | 22/27 | €863,492 | €840,561 | -€22,931 | -2.7% |
| Land and buildings | 22 | €828,511 | €810,171 | -€18,340 | -2.2% |
| Other tangible fixed assets | 26 | €34,981 | €30,389 | -€4,591 | -13.1% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €173,232 | €172,970 | -€262 | -0.2% |
| Amounts receivable after more than one year | 29 | €52,808 | €55,577 | +€2,768 | +5.2% |
| Other amounts receivable | 291 | €52,808 | €55,577 | +€2,768 | +5.2% |
| Amounts receivable within one year | 40/41 | €9,280 | €9,031 | -€248 | -2.7% |
| Trade receivables | 40 | €9,031 | €9,031 | = | 0.0% |
| Other amounts receivable | 41 | €248 | - | -€248 | |
| Current investments | 50/53 | €98,976 | €100,000 | +€1,023 | +1.0% |
| Cash at bank and in hand | 54/58 | €10,237 | €8,362 | -€1,875 | -18.3% |
| Deferred charges and accrued income | 490/1 | €1,931 | - | -€1,931 | |
| Total equity and liabilities | 10/49 | €1,037,424 | €1,014,231 | -€23,193 | -2.2% |
| Equity | 10/15 | €184,824 | €216,470 | +€31,646 | +17.1% |
| Contributions | 10/11 | €115,460 | €115,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,364 | €101,010 | +€31,646 | +45.6% |
| Amounts payable | 17/49 | €852,600 | €797,760 | -€54,839 | -6.4% |
| Amounts payable after more than one year | 17 | €676,001 | €623,279 | -€52,722 | -7.8% |
| Financial debts | 170/4 | €676,001 | €623,279 | -€52,722 | -7.8% |
| Amounts payable within one year | 42/48 | €170,589 | €168,471 | -€2,117 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €52,099 | €52,722 | +€623 | +1.2% |
| Trade debts | 44 | €11,206 | €9,520 | -€1,686 | -15.0% |
| Suppliers | 440/4 | €11,206 | €9,520 | -€1,686 | -15.0% |
| Taxes, remuneration and social security | 45 | €1,084 | €21,950 | +€20,866 | +1,925% |
| Taxes | 450/3 | €1,084 | €21,950 | +€20,866 | +1,925% |
| Other amounts payable | 47/48 | €106,200 | €84,279 | -€21,921 | -20.6% |
| Accrued charges and deferred income | 492/3 | €6,010 | €6,010 | = | 0.0% |
| Non-recurring operating income | 76A | €7,776 | €1,023 | -€6,753 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,931 | €22,931 | = | 0.0% |
| Other operating charges | 640/8 | €6,090 | €6,284 | +€193 | +3.2% |
| Gross operating margin | 9900 | €92,132 | €78,943 | -€13,190 | -14.3% |
| Operating profit (loss) | 9901 | €63,111 | €49,728 | -€13,383 | -21.2% |
| Financial income | 75/76B | €3,331 | €2,768 | -€563 | -16.9% |
| Recurring financial income | 75 | €3,331 | €2,768 | -€563 | -16.9% |
| Financial charges | 65/66B | €9,106 | €8,556 | -€550 | -6.0% |
| Recurring financial charges | 65 | €9,106 | €8,556 | -€550 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €57,336 | €43,940 | -€13,396 | -23.4% |
| Income taxes | 67/77 | €14,334 | €12,294 | -€2,040 | -14.2% |
| Profit (loss) for the period | 9904 | €43,002 | €31,646 | -€11,356 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,002 | €31,646 | -€11,356 | -26.4% |
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 20 October 2026 via checked.be.