Streetwise: what changed
Two fiscal 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
Streetwise
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · -€560,132-€1.0m
Equity
€876,486
2024 · €2.5m-€1.6m
Cash
€1.2m
2024 · €483,695+€692,740
Balance sheet total
€47.2m
2024 · €25.3m+€21.9m
Largest movements
Assets
- Financial fixed assets +€12.7m
up €12.7m (+146.8%), from €8.6m to €21.3m
of which Affiliated companies: +€21.3m
- Tangible fixed assets +€8.6m
up €8.6m (+53.6%), from €16.0m to €24.6m
of which Land and buildings: +€8.6m
- Cash +€692,740
up €692,740 (+143.2%), from €483,695 to €1.2m
mainly Debts after one year (+€22.8m) and Depreciation (+€596,594)
Equity and liabilities
- Debts after one year +€22.8m
up €22.8m (+102.4%), from €22.3m to €45.1m
of which Financial debts: +€22.8m
- Reserves -€903,386
down €903,386 (-90.4%), from €999,757 to €96,372
of which Distributable reserves: -€903,386
- Profit (loss) carried forward -€677,999
new in 2025: -€677,999
Income statement
- Turnover +€1.3m
new in 2025: €1.3m
- Gross operating margin -€702,326
no longer reported in 2025 (was €702,326)
- Financial charges +€662,948
up €662,948 (+103.6%), from €639,770 to €1.3m
- Goods and materials +€408,352
new in 2025: €408,352
- Services and other goods +€387,469
new in 2025: €387,469
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
-€560,132
Turnover
+€1.3m
Other operating income
+€30,211
Goods and materials
-€408,352
Services and other goods
-€387,469
Depreciation
-€103,707
Write-downs
+€91,728
Other operating charges
-€156,656
Other operating items
-€701,535
Financial income
-€3,238
Financial charges
-€662,948
Result 2025
-€1.6m
Cash bridge derived
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
-€253,835
Investment
-€21.9m
Financing
+€22.8m
Cash 2024
€483,695
From operations (derived)
-€253,835
Net result for the year
-€1.6m
Depreciation
+€596,594
Receivables within one year
+€66,804
Smaller working-capital items
-€45,065
Trade debts
+€266,040
Accrued charges and deferred income
+€443,177
Investment (derived)
-€21.9m
Investment in fixed assets (net)
-€21.9m
Financing
+€22.8m
Debts after one year
+€22.8m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,268,287 | €47,154,736 | +€21.9m | +86.6% |
| Fixed assets | 21/28 | €24,634,008 | €45,894,493 | +€21.3m | +86.3% |
| Tangible fixed assets | 22/27 | €15,984,010 | €24,550,262 | +€8.6m | +53.6% |
| Land and buildings | 22 | €15,961,024 | €24,527,731 | +€8.6m | +53.7% |
| Plant, machinery and equipment | 23 | €1,427 | €3,813 | +€2,386 | +167.1% |
| Furniture and vehicles | 24 | €21,559 | €18,718 | -€2,840 | -13.2% |
| Financial fixed assets | 28 | €8,649,998 | €21,344,231 | +€12.7m | +146.8% |
| Affiliated companies | 280/1 | - | €21,344,231 | +€21.3m | |
| Participating interests | 280 | - | €21,344,231 | +€21.3m | |
| Other financial fixed assets | 284/8 | - | €0 | = | |
| Amounts receivable and cash guarantees | 285/8 | - | €0 | = | |
| Current assets | 29/58 | €634,278 | €1,260,243 | +€625,964 | +98.7% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €150,363 | €83,559 | -€66,804 | -44.4% |
| Trade receivables | 40 | €140,347 | €42,666 | -€97,681 | -69.6% |
| Other amounts receivable | 41 | €10,016 | €40,893 | +€30,876 | +308.3% |
| Cash at bank and in hand | 54/58 | €483,695 | €1,176,435 | +€692,740 | +143.2% |
| Deferred charges and accrued income | 490/1 | €221 | €249 | +€28 | +12.8% |
| Total equity and liabilities | 10/49 | €25,268,287 | €47,154,736 | +€21.9m | +86.6% |
| Equity | 10/15 | €2,457,870 | €876,486 | -€1.6m | -64.3% |
| Contributions | 10/11 | €1,458,113 | €1,458,113 | = | 0.0% |
| Capital | 10 | €1,458,113 | €1,458,113 | = | 0.0% |
| Issued capital | 100 | €1,458,113 | €1,458,113 | = | 0.0% |
| Reserves | 13 | €999,757 | €96,372 | -€903,386 | -90.4% |
| Non-distributable reserves | 130/1 | €96,319 | €96,319 | = | 0.0% |
| Legal reserve | 130 | €96,319 | €96,319 | = | 0.0% |
| Tax-exempt reserves | 132 | €53 | €53 | = | 0.0% |
| Distributable reserves | 133 | €903,386 | €0 | -€903,386 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€677,999 | -€677,999 | |
| Amounts payable | 17/49 | €22,810,417 | €46,278,250 | +€23.5m | +102.9% |
| Amounts payable after more than one year | 17 | €22,265,053 | €45,068,707 | +€22.8m | +102.4% |
| Financial debts | 170/4 | €22,199,395 | €45,002,247 | +€22.8m | +102.7% |
| Credit institutions | 173 | - | €1,845,000 | +€1.8m | |
| Other loans | 174 | - | €43,157,247 | +€43.2m | |
| Other amounts payable | 178/9 | €65,658 | €66,460 | +€802 | +1.2% |
| Amounts payable within one year | 42/48 | €545,129 | €766,132 | +€221,003 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €280,000 | €280,000 | = | 0.0% |
| Trade debts | 44 | €135,687 | €401,727 | +€266,040 | +196.1% |
| Suppliers | 440/4 | €135,687 | €401,727 | +€266,040 | +196.1% |
| Advances received on contracts in progress | 46 | €69,442 | €44,998 | -€24,444 | -35.2% |
| Other amounts payable | 47/48 | €60,000 | €39,407 | -€20,593 | -34.3% |
| Accrued charges and deferred income | 492/3 | €234 | €443,411 | +€443,177 | +189302.7% |
| Operating income | 70/76A | - | €1,310,925 | +€1.3m | |
| Turnover | 70 | - | €1,280,714 | +€1.3m | |
| Other operating income | 74 | - | €30,211 | +€30,211 | |
| Operating charges | 60/66A | - | €1,591,123 | +€1.6m | |
| Goods for resale, raw materials and consumables | 60 | - | €408,352 | +€408,352 | |
| Purchases | 600/8 | - | €408,352 | +€408,352 | |
| Services and other goods | 61 | - | €387,469 | +€387,469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492,887 | €596,594 | +€103,707 | +21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,475 | -€42,253 | -€91,728 | |
| Other operating charges | 640/8 | €84,304 | €240,960 | +€156,656 | +185.8% |
| Non-recurring operating charges | 66A | €791 | €0 | -€791 | -100.0% |
| Gross operating margin | 9900 | €702,326 | - | -€702,326 | |
| Operating profit (loss) | 9901 | €74,869 | -€280,198 | -€355,067 | |
| Financial income | 75/76B | €4,770 | €1,531 | -€3,238 | -67.9% |
| Recurring financial income | 75 | €4,770 | €1,531 | -€3,238 | -67.9% |
| Income from current assets | 751 | - | €1,523 | +€1,523 | |
| Other financial income | 752/9 | - | €9 | +€9 | |
| Financial charges | 65/66B | €639,770 | €1,302,718 | +€662,948 | +103.6% |
| Recurring financial charges | 65 | €639,770 | €1,302,718 | +€662,948 | +103.6% |
| Debt charges | 650 | - | €1,301,765 | +€1.3m | |
| Other financial charges | 652/9 | - | €953 | +€953 | |
| Profit (loss) for the period before taxes | 9903 | -€560,132 | -€1,581,385 | -€1.0m | -182.3% |
| Profit (loss) for the period | 9904 | -€560,132 | -€1,581,385 | -€1.0m | -182.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€560,132 | -€1,581,385 | -€1.0m | -182.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.