STASSART 33: 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
STASSART 33
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
-€88,480
2024 · -€290,238+€201,758
Equity
€578,309
2024 · €666,789-€88,480
Cash
€81
2024 · €399-€318
Balance sheet total
€8.1m
2024 · €8.4m-€308,945
Largest movements
Assets
- Tangible fixed assets -€276,733
down €276,733 (-5.6%), from €4.9m to €4.7m
Equity and liabilities
- Debts after one year -€212,227
down €212,227 (-4.3%), from €4.9m to €4.7m
- Profit (loss) carried forward -€88,480
down €88,480 (-6.1%), from -€1.5m to -€1.5m
Income statement
- Gross operating margin +€163,216
up €163,216 (+68.4%), from €238,602 to €401,818
- Financial charges -€39,534
down €39,534 (-17.6%), from €224,428 to €184,894
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
-€290,238
Gross operating margin
+€163,216
Depreciation
-€2,375
Other operating charges
+€1,382
Financial charges
+€39,534
Taxes
+€1
Result 2025
-€88,480
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
+€220,079
Investment
-€7,623
Financing
-€212,774
Cash 2024
€399
From operations (derived)
+€220,079
Net result for the year
-€88,480
Depreciation
+€284,356
Receivables within one year
+€32,095
Smaller working-capital items
-€320
Trade debts
+€22,127
Other debts
-€29,699
Investment (derived)
-€7,623
Investment in fixed assets (net)
-€7,623
Financing
-€212,774
Debts after one year
-€212,227
Current portion of long-term debt
-€547
Cash 2025
€81
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,427,400 | €8,118,455 | -€308,945 | -3.7% |
| Fixed assets | 21/28 | €5,181,849 | €4,905,116 | -€276,733 | -5.3% |
| Tangible fixed assets | 22/27 | €4,934,349 | €4,657,616 | -€276,733 | -5.6% |
| Land and buildings | 22 | €4,934,349 | €4,657,616 | -€276,733 | -5.6% |
| Financial fixed assets | 28 | €247,500 | €247,500 | = | 0.0% |
| Current assets | 29/58 | €3,245,551 | €3,213,339 | -€32,212 | -1.0% |
| Stocks and contracts in progress | 3 | €1,947,726 | €1,947,726 | = | 0.0% |
| Stocks | 30/36 | €1,947,726 | €1,947,726 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,295,052 | €1,262,957 | -€32,095 | -2.5% |
| Trade receivables | 40 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,225,052 | €1,192,957 | -€32,095 | -2.6% |
| Cash at bank and in hand | 54/58 | €399 | €81 | -€318 | -79.7% |
| Deferred charges and accrued income | 490/1 | €2,374 | €2,575 | +€201 | +8.5% |
| Total equity and liabilities | 10/49 | €8,427,400 | €8,118,455 | -€308,945 | -3.7% |
| Equity | 10/15 | €666,789 | €578,309 | -€88,480 | -13.3% |
| Contributions | 10/11 | €8,100 | €8,100 | = | 0.0% |
| Revaluation surpluses | 12 | €2,115,036 | €2,115,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,456,347 | -€1,544,827 | -€88,480 | -6.1% |
| Amounts payable | 17/49 | €7,760,611 | €7,540,146 | -€220,465 | -2.8% |
| Amounts payable after more than one year | 17 | €4,942,824 | €4,730,597 | -€212,227 | -4.3% |
| Financial debts | 170/4 | €4,942,824 | €4,730,597 | -€212,227 | -4.3% |
| Amounts payable within one year | 42/48 | €2,817,787 | €2,809,549 | -€8,238 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €224,842 | €224,295 | -€547 | -0.2% |
| Trade debts | 44 | €26,665 | €48,792 | +€22,127 | +83.0% |
| Suppliers | 440/4 | €26,665 | €48,792 | +€22,127 | +83.0% |
| Taxes, remuneration and social security | 45 | €132 | €13 | -€119 | -90.2% |
| Taxes | 450/3 | €132 | €13 | -€119 | -90.2% |
| Other amounts payable | 47/48 | €2,566,148 | €2,536,449 | -€29,699 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281,981 | €284,356 | +€2,375 | +0.8% |
| Other operating charges | 640/8 | €22,430 | €21,048 | -€1,382 | -6.2% |
| Gross operating margin | 9900 | €238,602 | €401,818 | +€163,216 | +68.4% |
| Operating profit (loss) | 9901 | -€65,809 | €96,414 | +€162,223 | |
| Financial charges | 65/66B | €224,428 | €184,894 | -€39,534 | -17.6% |
| Recurring financial charges | 65 | €224,428 | €184,894 | -€39,534 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€290,237 | -€88,480 | +€201,757 | +69.5% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€290,238 | -€88,480 | +€201,758 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€290,238 | -€88,480 | +€201,758 | +69.5% |
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 27 October 2026 via checked.be.